Apr 14, 2021

Bloom Properties sells out the first phase of Bloom Gardens’ Aldhay

Bloom Properties sells out the first phase of Bloom Gardens’ Aldhay

Leading real estate development company, Bloom Properties, today announced that the first phase of Aldhay has sold out within a remarkable six hours of release onto the market. The company has also announced that it will be releasing the second phase of the project for sale.

Located on the Eastern Mangrove Corniche, Aldhay is part of Bloom’s master planned community, Bloom Gardens. The project is designed to become an exclusive residential community in one of the most prestigious areas in Abu Dhabi city within close proximity to some of the city's key landmarks and lifestyle destinations, including Khalifa Park, Sheikh Zayed Grand Mosque and Zayed Sport City, offering a high rental yield for UAE national investors and a great place to call home for end users.

Scheduled for completion in the third quarter of 2023, ‘Aldhay’ will add 181 spacious two, three, four, and five-bedroom townhouses to the existing elegant 457 villas and townhouses at Bloom Gardens.

Aldhay’s townhouses come in a variety of types and sizes that range from 124 square metres to 325 square metres starting from AED 1.8 million. Each home is designed with a Mediterranean feel and superior, modern finishings, complimented by exceptional facilities.

Aldhay’s residents will have direct access to premium amenities including a round-the-clock security, landscaped recreational areas, exclusive clubhouse, swimming pools, kids play area, F&B outlets, prayer halls, state-of-the-art male and female gyms, as well as retail shops, and educational institutes such as Brighton College Abu Dhabi.

Bloom Holding states: “We are delighted to witness the extremely positive response to Aldhay. This overwhelming success, with a six-hour sell-out of the first phase, reflects Bloom Holding’s commitment to keeping pace with the Emirate’s rapidly evolving and diversifying real estate landscape.

“We see a lot of reason for optimism in the real estate market and we are very confident in the quality of Bloom’s products, as buyers will always feel they are investing in a premium asset that provides great value.

“The Abu Dhabi real-estate market is stable and maturing, and we are confident that 2021 will be a positive year for Bloom Holding, as well as the real estate market in Abu Dhabi – especially given that there is an increase in demand and appetite for high-end residential communities complimented by world-class amenities.”

This mixed-use project in Bloom Holding’s most exclusive and well-established residential community, Bloom Gardens, will be developed with high standards providing attractive long-term investment returns for UAE national investors and homeowners due to its prime location and attractive rental yields.

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