Bloom Properties Commences Construction of Signature Abu Dhabi Marina Project

Announcement on Day I of Cityscape Abu Dhabi 2014

Abu Dhabi-UAE: 21 April, 2014: Bloom Properties, the Abu Dhabi-based property and lifestyle development arm of National Holding LLC, today announced the start of construction of its premium waterfront development in Al Bateen.

‘Abu Dhabi Marina’ by Bloom Properties will host luxurious residences, executive serviced apartments, hotel, cafes and restaurants and offer a cleverly interwoven design offering spectacular views of the Arabian Gulf, Marina, and the city. The project features 225 residential apartments, ranging from one to four bedroom units, a five star hotel comprising 200 hotel rooms and 57 executive serviced apartments, as well as 3,000 sq m of premium waterfront retail and a convenient number of parking spaces.

The project will span an area of 41,797 sq m and constitute a total built-up area of 149,719 sq m. It will also provide a total of 849 parking spaces for the convenience of residents and visitors. Bloom Properties has contracted Al Shafar General Contracting (ASGC) for Abu Dhabi Marina’s enabling work.

Bloom said: “With real estate prospects soaring in the emirate, we are proud to have played an important role in the development of the real estate market in Abu Dhabi. The rapidly-developing sector will play an increasingly important role in the economic development of the country.”

Bishoy Azmy, CEO of Al Shafar General Contracting (ASGC), said: “Bloom Properties is a prestigious client and we are happy to execute this exceptional project in a prime location in Abu Dhabi. ASGC has a track record for delivering upscale hospitality projects and we anticipate further opportunities for collaboration as the booming real estate market spurs further growth in the tourism sector.”

Bloom Properties is set to participate in Cityscape Abu Dhabi 2014, Abu Dhabi’s leading real estate investment and development event being held at ADNEC from 22-24 April.  With over 100 exhibiting companies this year, the event offers networking opportunities with leading institutional investors, real estate developers, government authorities, architects, consultants and other senior-level real estate professionals involved in the design and construction of major public and private commercial real estate developments.

Bloom Properties strives to build habitats integrating aesthetics, high living and urban luxury elements with value-added offerings in education, hospitality, leisure, health and retail. Bloom Properties has a diversified portfolio of residential and commercial towers, retail and leisure centres and gated residential communities in Abu Dhabi, Al Ain and Dubai. With Bloom’s announced projects in Iraq and Algeria, the company also focuses on identifying and developing strategically located large scale communities in new markets with excellent growth potential. The company also plans to further develop world-class brands and projects in the MENA region and emerging markets.

ASGC, which has been contracted by Bloom to implement ‘Abu Dhabi Marina’ is one of the leading UAE based contractors, which has successfully delivered landmark projects in different sectors.