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Abu Dhabi developer Bloom Holding has launched the second phase of its Bloom Living project, which will provide more than 4,000 residential units upon completion.
The second phase, called Toledo, includes townhouses and detached villas, named after the ancient Spanish city.
Prices start from 1.6 million dirhams ($435,670) and completion is expected in the second quarter of 2025, the developer said in a statement on Monday.
Bloom Holding said the latest launch comes after Cordoba, the first phase of the project, “sold out within four hours of launch.”
Carlos Wakim, CEO of Bloom Holding, said: “The encouraging sales to date are a testament to the community approach we offer, which sets the benchmark for mixed-use luxury…We believe these units will be equally popular.”
bloom lifeCovering 2.2 million square metres, it will include a clinic, two international schools and a plaza with shops, cafes and restaurants.
The project will be close to Abu Dhabi International Airport And Zayed City, also known as Khalifa City C, the first phase is scheduled to be completed in October next year.
A large lake in the center of the area is intended to be a focal point where residents can walk, run and cycle.
Abu Dhabi recorded 7,474 real estate transactions It was worth more than AED22.51 billion in the first six months of the year, as the UAE’s property market continues to rebound from a coronavirus-induced slowdown.
Bloom Living is one of many major real estate projects announced in Abu Dhabi this year.
Others include Aldar’s Yas Golf Collection and Yas Gate Park on Yas Island, and The Grove District on Saadiyat Island, Abu Dhabi.
Aldar is also developing Louvre Apartment On Saadiyat Island, Reem Hills, an AED 8 billion gated community, announced as Reem Island, Imkan is developing the second phase its riviera development On the coast between Abu Dhabi and Dubai.
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Updated: September 6, 2022 3:30AM
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