Leading real estate developer, Bloom Properties, has provided a market update detailing the significant recent construction progress made across its development portfolio on Saadiyat Island in Abu Dhabi and in Jumeirah Village Circle in Dubai.
Park View and Soho Square on Saadiyat Island are currently under process of handover and Bloom Towers and Bloom Heights both are on-track to be completed on schedule for handover in late 2020.
Jeremy Lester, Acting CEO of Bloom Holding, commented: “We’ve overseen significant construction progress over recent months, which is very positive news for our customers. All our developments offer significant attraction for those looking for a sweetspot of location, quality and price and there are still opportunities for owners and investors to secure exceptional long-term value, especially given the advanced construction progress. We continue to work closely with our contractors to ensure on-schedule delivery for customers to the highest standards.”
Details can be found below:
Bloom Towers
41% of Bloom Towers is now complete and on-track for its scheduled handover at the end of 2020. The main work advances rapidly across the development. Mobilization, foundation and enabling works are now substantially completed and structural works, internal finishes and MEP works are progressing at a steady pace. The show apartment is now ready and open for viewing.
Bloom Towers consists of three residential towers with 944 units. The units range from studios and one-bedroom apartments.
Bloom Heights
Works at Bloom Heights are also progressing steadily with 30% of the towers complete. Mobilization, foundation and enabling works are substantially complete, while MEP, structure, blockworks and finishes are well under way and on track for the handover date later in 2020.
Bloom Heights has 686 spacious residential apartments ranging from studios to three-bedroom apartments across two high-rise towers with world class amenities.
Units in both projects are available for sale with attractive payment plans including a stage payment programme schedule of 10% down payment, 15% during construction and 75% three years post-handover.
Park View & Soho Square
Construction works are completed and handovers have commenced at Bloom Properties’ prestigious Saadiyat island’s Park View and Soho Square developments. According to research conducted by Chestertons and Property Finder, investors on Saadiyat benefit from Abu Dhabi’s highest rentals for one- and two-bedroom apartments.
