Bloom Properties receives strong response from Chinese property buyers and investors

Bloom Properties receives strong response from Chinese property buyers and investors

Developer showcases diverse project portfolio at a bespoke Shanghai event

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.

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 on 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.”

“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.”

“Furthermore, our presence in Shanghai is in line with our priority to forge solid business relationships with investors from top-performing global real estate markets including China, India and other emerging economies. We aimed to introduce investors from China to the unparalleled real estate opportunities that Bloom’s ever-expanding project portfolio can offer them.”

“At present, we are witnessing a surge in demand for investments from Chinese buyers and investors. Given the overwhelming response our participation in Shanghai received, we are confident this is the start of a promising synergy,” Muhtadi added.

Investors and visitors praised Bloom’s efforts to connect with Chinese buyers and showcase the opportunities in the vibrant UAE real estate market.

Bao Mingqiang, Investment Director of Macao Yongji Group, said: “There is a lot of demand for overseas investment opportunities from Chinese buyers. Given the well-established project portfolio of Bloom Properties, our investors looking for sustainable growth on their investments can expect excellent long-term returns by investing in Bloom’s high-quality projects.”

Xia Yuyang, Executive Director of Investment Banking Department at China International Capital Corporation Limited, said: “This bespoke event helped us build a better understanding of high-potential developments in alternative locations, such as Abu Dhabi and Dubai. Bloom’s solid reputation and wide project portfolio give us the confidence that we will be able to get our hands on the best possible deals on the market today.”

Bloom Properties is a Bloom Holding subsidiary specializing in the development of integrated and sustainable communities that offer an enriching lifestyle and enhanced quality of life. In collaboration with best-in-class designers and architects, the company builds a range of residential, commercial and mixed-use developments in premium locations across the MENA region. Bloom Properties also provides customized leasing and property management solutions that exceed the tenants’ expectations.