Bloom Towers targets the mid-market housing segment of Dubai real estate sector
Enabling works have commenced for Bloom Towers, a residential development located in Jumeirah Village Circle (JVC) in Dubai, with National Piling appointed to execute the project, Bloom Properties, the developer behind the project, has announced.
Launched three months ago, the project is scheduled to be completed in the fourth quarter of 2020, said the developer, which is a Bloom Holding business specialising in the development of integrated and sustainable communities.
It added that Bloom Towers has attracted high investor uptake due to its location and potential for rental and capital value growth. The project targets the mid-market housing segment and is the Abu Dhabi-based master developer’s second project in JVC.
“We are very excited about the awarding of enabling works of Bloom Towers. The appointment of the contractor in record time articulates our priority to complete the project as per schedule.
“We have deployed a highly talented project management team for the successful realization of our mandate. What makes Bloom Towers a unique development is its world-class amenities, connectivity, and the active lifestyle it will offer its residents,” said Sameh Muhtadi, CEO of Bloom Properties.
Located on Al Khail Road, the project offers residents a short commute to Dubai’s business hubs and free zones, while also being situated in proximity to the upcoming Circle Mall, as well as a community centre, parks, retail outlets, schools, playgrounds and mosques.
Consisting of three towers with a total of 944 units, Bloom Towers have two towers allocated for sale, the company said in a statement. These will comprise of 689 studios and one-bedroom apartments, along with a range of facilities such as swimming pools, a jogging track and indoor and outdoor gyms.
“We are delighted to work with Bloom Properties on this exciting venture. We look forward to utilizing our expertise and strong track record in the execution of major construction projects in the UAE to ensure the delivery of Bloom Towers to the required quality standards and in a timely manner,” added Cheriyan Alex, CEO at National Piling.