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Bloom Properties Unveils Bloom Towers at Cityscape Abu Dhabi 2017

Developer’s second JVC project comprises 947 apartments including 689 units for sale

Abu Dhabi - United Arab Emirates

Monday, April 17, 2017
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Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, unveiled Bloom Towers, a residential development located in Jumeirah Village Circle (JVC) in Dubai, at Cityscape Abu Dhabi 2017.

The company is marking its participation at the leading real estate event, currently underway at Abu Dhabi National Exhibition Centre (ADNEC), by promoting its growing portfolio of new and diverse projects. In addition to its new launch, Bloom Towers, Bloom is showcasing Park View and Soho Square, two key projects on Saadiyat, and Bloom Marina, an exclusive waterfront development in the Marina Al Bateen area of Abu Dhabi. Dubai projects on display include Stella Maris, Bloom’s luxury development in Dubai Marina, and Bloom Heights, a mid-market development in Jumeirah Village Circle, launched at Cityscape Global in Dubai in September 2016.

Scheduled for completion in Q4 2020, Bloom Towers will consist of three towers. Targeting the mid-market housing segment, Bloom’s latest launch will comprise 689 contemporary and elegantly designed studios and one-bedroom apartments across two of the three towers allocated for sale at unit prices starting from AED343,000 for studios and AED559,000 for one-bedrooms.

Sameh Muhtadi, CEO of Bloom Holding, said: “In line with our priority to establish our presence in Dubai’s real estate market, we are excited to announce our second project in Jumeirah Village Circle in less than a year. The launch of Bloom Towers – a development that offers an unparalleled value proposition with estimated rental yields of up to 11% on studios and 10% on one bedroom flats demonstrates our continued focus on segments that attract significant investor and end user demand. Given the overwhelming response to all our previous projects in Dubai and Abu Dhabi, we are confident that Bloom Towers will resonate extremely well with the investor community.”

Bloom Towers is strategically located on the edge of Jumeirah Village Circle on Al Khail Road with easy access to all major highways. In addition, it is conveniently located in proximity to the future Circle Mall at Jumeirah Village Circle, as well as a community center, parks, retail outlets, schools, playgrounds, and mosques.

Offering breathtaking views of Palm Jumeirah, Emirates Hills and Dubai Marina, Bloom Towers will boast contemporary architecture, high-quality finishings and an intelligent design that maximizes the value of the living space. Designed with millennials in mind, the development will feature common spaces to meet, connect, relax, work and play, creating a truly unique social experience to help residents unwind.

To promote an active lifestyle, Bloom Towers will comprise a wide range of amenities, such as swimming pools, a jogging track, an indoor and outdoor state-of-the-art gym, sauna and steam rooms, a kids’ play area, private outdoor dining area, a hammock area, co-working space, an event amphitheater and a private theater. Additional benefits include 24/7 security, concierge services and ample parking.

Bloom Properties is a business of Bloom Holding specializing in the development of integrated and sustainable communities that offer an enriching lifestyle and enhanced quality of life. In collaboration with best-in-class designers and architects, the company builds a range of residential, commercial and mixed-use developments in prime locations across the MENA region. Bloom Properties also provides customized leasing and property management solutions that exceed the tenants’ expectations.

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