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Bloom Living designated as investment zone

 

The gated community's recent designation as an investment zone allows all nationalities to purchase residential units in the development

 
July 4, 2022 UAE Property Management
 

Bloom Living designated as investment zone
 

Leading real estate development company, Bloom Holding, has announced that all expats and foreigners are now able to own property at its recently-launched residential development, Bloom Living, a fully integrated and all-inclusive community located in Abu Dhabi.

Bloom Living’s recent designation as an investment zone will allow buyers of all nationalities to purchase residential units in the development. A step that mirrors Bloom Living’s alignment with Abu Dhabi Economic Vision 2030 which highlights the importance of diversity, inclusivity, and a high standard of living for sustained economic development. The aspirational community will bring together residents of all ages, cultures, and ethnicities, to deliver a superior living experience that promotes genuine human connection.

CEO of Bloom Holding, Carlos Wakim said: “The designation of Bloom Living as an investment zone will open up ownership for residential units among an expanded demographic of buyers, which will help increase long-term investment and encourage longer-term residency.”

“However, the investment zone designation alone is not enough; it has to be complemented with building the right product at the right price in the right location. At Bloom, we are committed to providing UAE residents with a diversity of real estate services that directly address their evolving needs, and now we are offering a fully integrated all-inclusive community for all nationalities.” He added.

Built over an area of 2.2 million sqm, the iconic gated community features more than 4,000 homes, including a selection of villas, townhouses, and apartments, to suit the unique needs of residents of all generations. Bloom Living’s architecture is inspired by the rustic vibe of the Mediterranean and seamlessly fuses traditional Spanish design with contemporary finishings.

The highly convenient community is located within Zayed City and close to Abu Dhabi International Airport. Bloom Living will be built in various phases. Cordoba, Phase 1 of Bloom Living, had sold out within a remarkable four hours of release onto the market, it is scheduled for completion in Q4 2024. The second phase of the iconic gated community will be released before the end of this year. 

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