Abu Dhabi – MENA Herald: The diverse project portfolio of Bloom Properties elicited a high interest from major Chinese investors who consider the UAE a preferred alternative destination to invest their considerable wealth. The developer hosted a bespoke event on 25 March, 2017, at the Marriott Hotel Riverside, Shanghai, to showcase its wide range of real estate developments and investment opportunities in Abu Dhabi and Dubai.
According to Jones Lang LaSalle Incorporated (JLL), the leading professional real estate services and investment management company, the average price per square meter (sq. m.) for premium property greatly differs from city to city. An investor would pay an average price of US$50,000/sq. m. to buy premium property in Hong Kong, whereas in London the average price is US$33,000/sq. m. On the other hand, Dubai, with all its glitz and glamour and proximity to China, investors will only pay an average price of US$4000/sq. m., in Paris the average price per sq. m. is about US$18,000/sq. m. while in New York the average price per sq. m. is about US$38,000/sq. m.
The one-day event drew the participation of more than 60 VIPs, high-net-worth investors, brokers and representatives of leading Chinese property investment companies including Fosun Group, Core and IResearch. It was held along the sidelines of the Dubai Property Show in Shanghai that ran from March 24 to 26 at the Shanghai World Expo Exhibition and Convention Center.
Representatives from Bloom offered serious Chinese investors, key influencers and decision makers from leading Chinese real estate developers a series of informative presentations highlighting the advantages of investing in the UAE real estate markets, and promoting the country’s investor-friendly business environment. They also provided a comparative overview of key residential communities, and outlined projected returns on investments for the benefit of potential investors.
Sameh Muhtadi, CEO of Bloom Holding, said: “Today, China boasts one of the world’s fastest-growing economies, and its investors are spreading their wings across the globe. With more than 3,636 units in the pipeline, Bloom offers Chinese buyers a unique mix of affordable and premium properties that promise high capital growth and attractive rental yields.