May 13 2008 |
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Bloom's developments in UAE, Algeria worth $10b
ABU DHABI -- Bloom Properties is currently developing mixed-use realty projects worth $10 billion in Abu Dhabi, Al Ain and Algeria, according to the company.It now also has plans to explore the markets of Oman, Jordan, India and Vietnam.
Bloom Properties is a rebranded real estate company created after merging Emirates International Properties, the joint real estate development arm of Emirates International Investment Company and National Holding .
The new projects the company is launching include Abu Dhabi Marina in the Khalidya area with a pair of office towers and apartments having direct access to the lagoon and marina. This development will include health clubs, outdoor pools and recreational facilities in addition to restaurants and waterfront cafés.
include luxurious villas with views over the golf course, townhouses in a Moorish-inspired village and apartments in addition to hotels, a convention centre, schools, medical institutions and a variety of leisure and entertainment amenities.
The forthcoming Bloom communities will incorporate assets with strong operators in the educational, hospitality, healthcare and leisure fields, depending on the location.
Bloom will be launching the sale of "Bloom Gardens " in summer 2008, a luxury residential community with over 600 apartments and villas and located in the heart of Abu Dhabi, in addition to announcing a hospitality project in Al Ain in September.
The company primarily focuses on developing centrally-located master planned communities in major cities by identifying new growth markets or developing larger communities in strategic areas surrounding these cities, individually or with local partners.
By a staff reporter
© Khaleej Times 2008
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