Oct 06 2008 |
more articles from
|
Despite global turmoil, we remain bullish on select fast growing markets; CEO, Bloom Properties
Dubai, Oct. 06th, 2008 (WAM)--Marking the start of Cityscape 2008, Bloom Properties CEO Dr Hani Shammah, has stated that a selection of fast growing markets will remain attractive to property developers, especially as the demand fundamentals of these countries remain strong.
"We are particularly bullish on Abu Dhabi in addition to select markets in the MENA, South East Europe and South East Asian regions. The current global turmoil will certainly affect developer and buyer bank lending behaviours across these markets however, this should not divert us from the fact that some of these countries have medium-term structurally undersupplied property markets," he added.Shammah said that community-orientated developments specifically, have experienced unabated interest over the last year, and this trend is likely to continue as investors seek out convenience in terms of location and amenities.Following the success of their Bloom Gardens development situated on one of the last stretches of land on Abu Dhabi’s prestigious Eastern Mangrove Corniche Road, Bloom is launching the second phase of this development, consisting of Andalusian-style villas and townhouses in addition to luxury low rise apartments set within the leafy surrounds of Bloom Garden’s landscape.He noted that "Additionally we are also using the Cityscape platform to showcase for the first time our master-planned, Dounya Park project in Algeria, which is jointly developed with our parent company EIIC , along with models of various prestige projects such as Abu Dhabi Marina, a mixed use development in Al Ain, a luxury hospitality project in Al Ain, and our mixed use development project in Bucharest, Romania."Shammah added that "At Abu Dhabi Marina, located in the prestigious Bateen area, adjacent to the Bateen marina, we are creating an upscale waterfront de mixed use community combining office buildings, a luxury boutique hotel, unfurnished and serviced apartments in addition to upscale shopping and dining options. Abu Dhabi Marina offers a complete live, work and play solution in an upscale urban setting."Dounya Park is a first-of-its-kind within the Algerian market, consisting of an 800-hectare development including a 600-hectare green park within the capital city of Algiers, which will feature a mix of residential and commercial properties, as well as provide educational, medical and leisure facilities. Residences range from luxurious villas with views over the golf course, to townhouses in a Moorish-inspired village and apartments with beautiful forest views.Bloom Properties is the joint real estate development arm of Emirates International Investment Company and National Holding, with headquarters in Abu Dhabi. In 1999, a team of professionals undertook the development and subsequent management of various residential and commercial towers in addition to several retail, leisure, recreation centres and residential compounds throughout the UAE, in Abu Dhabi, Al Ain and Dubai. The company currently develops mixed used projects in Abu Dhabi, Al Ain, Algeria, and most recently Romania.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment