Saturday, April 1, 2017

Bloom real estate projects 'a major hit in China'

UAE-based Bloom Properties said its diverse project portfolio has attracted a high level of interest from major Chinese investors who consider the UAE a preferred alternative real estate destination.

The Abu Dhabi-based developer had last week hosted a bespoke event at the Marriott Hotel Riverside, Shanghai, to showcase its wide range of real estate developments and investment opportunities in Abu Dhabi and Dubai.

It was held along the sidelines of the Dubai Property Show in Shanghai that ran from March 24 to 26 at the Shanghai World Expo Exhibition and Convention Center.

The one-day event drew the participation of more than 60 VIPs, high-net-worth investors, brokers and representatives of leading Chinese property investment companies including Fosun Group, Core and IResearch.

Sameh Muhtadi, CEO of Bloom Holding, said: "Today, China boasts one of the world’s fastest-growing economies, and its investors are spreading their wings across the globe."

"With more than 3,636 units in the pipeline, Bloom offers Chinese buyers a unique mix of affordable and premium properties that promise high capital growth and attractive rental yields," he stated.

On its China event, Muhtadi said: "Our presence in Shanghai is in line with our priority to forge solid business relationships with investors from top-performing global real estate markets including China, India and other emerging economies."

"We aimed to introduce Chinese investors to the unparalleled real estate opportunities that Bloom’s ever-expanding project portfolio can offer them," he added.

“At present, we are witnessing a surge in demand for investments from Chinese buyers and investors. Given the overwhelming response our participation in Shanghai received, we are confident this is the start of a promising synergy,” remarjed Muhtadi.

Investors and visitors praised Bloom’s efforts to connect with Chinese buyers and showcase the opportunities in the vibrant UAE real estate market.

Bao Mingqiang, the investment director of Macao Yongji Group, said: "There is a lot of demand for overseas investment opportunities from Chinese buyers. Given the well-established project portfolio of Bloom Properties, our investors looking for sustainable growth on their investments can expect excellent long-term returns by investing in Bloom’s high quality projects."

Xia Yuyang, the executive director of Investment Banking Department at China International Capital Corporation Limited, said: "This bespoke event helped us build a better understanding of high-potential developments in alternative locations, such as Abu Dhabi and Dubai. Bloom’s solid reputation and wide project portfolio gives us the confidence that we will be able to get our hands on the best possible deals in the market today."

A specialist in the development of integrated and sustainable communities, Bloom in collaboration with best-in-class designers and architects, builds a range of residential, commercial and mixed-use developments in premium locations across the Mena region.-TradeArabia News Service

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