Sunday, December 3, 2017

Bloom to unveil luxury projects at London expo

Bloom Properties, a specialist in the development of integrated and sustainable communities, is set to showcase its extensive portfolio of real estate projects at the Dubai Property Roadshow in London, UK.

Organized by the Dubai Land Department, the two-day event will run until December 4 at the Shangri-La, at the Shard.

A Bloom Holding business, the company will highlight a selection of sought-after real estate projects from its wide portfolio ranging from premium properties on Saadiyat in Abu Dhabi to mid-market developments in Jumeirah Village Circle (JVC) to suit diverse investor needs, said the company in a statement.

At this event, potential investors can learn more about Bloom Towers and Bloom Heights in Jumeirah Village Circle (JVC) in Dubai as well as Soho Square and Park View mixed-use developments on Saadiyat in Abu Dhabi, it stated.

The expo will convene some of the most prominent real estate developers in the UAE under one roof and highlight the benefits of investing in the Dubai property market for London’s affluent investors.

Some of these benefits include 100 per cent freehold ownership in designated foreign investment areas of Dubai, no rental income tax and capital gain tax and 100 per cent repatriation of funds   

Bloom Holding CEO Sameh Muhtadi said: "The Dubai Property Roadshow, London offers us an ideal platform to meet with high-net worth investors and cater to the increasing demand from British investors for high quality real estate in Dubai."

"Through its participation in leading property events abroad including Dubai Property Events in Mumbai and now in London, Bloom Properties seeks to attract more investors from high-priority growth markets. In bringing our projects to London, we are confident that we will attract the same level of investor response as we did in Mumbai by offering investors strong rental yields and high capital appreciation potential," he added.

Located in JVC, Bloom Towers is a development consisting of three towers offering 944 residential units consisting of contemporary studios and one-bedroom apartments featuring a timeless and elegant design.

Its other project, Bloom Heights will feature 686 units ranging from studios to three-bedroom apartments.

Located in the University neighborhood of Saadiyat in Abu Dhabi, Park View will consist of a residential and a hotel apartment building designed to the highest standards of upscale urban living.

The residential building will offer 207 units ranging from studios to two-bedroom apartments, while the hospitality component includes 217 furnished and serviced hotel apartments comprising studios as well as one- and two-bedroom executive apartments.

Soho Square, another Bloom Properties project in Saadiyat will include 302 upscale residences ranging from studios to three-bedroom apartments, townhouses and a penthouse, said the statement from the developer.

Both Park View and Soho Square offer proximity to the New York University Abu Dhabi campus and major tourist attractions including the Louvre Abu Dhabi museum which is now open to the public, it added.-TradeArabia News Service

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