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Fri 16 Sep 2016 10:16 AM

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Developer says 75% of Dubai's Bloom Heights sold out in just days

Bloom Properties to offer 686 residential units in Jumeirah Village Circle; completion scheduled for 2019

Developer says 75% of Dubai's Bloom Heights sold out in just days

Bloom Properties has announced that it had sold 75 percent of its Bloom Heights development, a mixed-use project in Dubai's Jumeirah Village Circle (JVC), since its launch at Cityscape Global earlier this week.

The launch of Bloom Heights marks the Abu Dhabi-based master developer's foray into the mid-market housing segment in Dubai.

Sameh Muhtadi, CEO, Bloom Holding, said: "We are excited with the successful launch of Bloom Heights as well as the tremendous interest shown by investors. We strongly believe that Bloom's strategy to offer the right product in the right location has resonated well with our clients.

"This also indicates that there is a healthy demand for well-designed and competitively priced projects that serve the needs of the community."

Located in the master community of Jumeirah Village Circle, Bloom Heights will consist of two high rise towers linked internally by four podium levels.

Scheduled to deliver a total of 686 residential units ranging from studios, to one, two and three bedroom apartments at prices starting from AED360,000, Bloom Heights is set for completion in early 2019.

The project will offer a host of amenities including two swimming pools, a running track, a gym, a multipurpose hall and convenience retail outlets.

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Simon 3 years ago

Sounds much like the same property propaganda put out by 'Shaikhani' last week in exclaiming it had 4,500 inquiries about its property at CityScape. Impossible numbers.

Here we, in this article, we find that 75% of the property in Bloom Heights has sold SINCE CityScape.

It would be more plausible to confirm the number of Buyers than actual % units sold. We all know from other developments, the majority are sold to 'Seed Investors' first, who then give back their units for the Developers to resell over time.

Imagine living in just 2 towers with a capacity of 686 residential units...estimated to have circa 1,372+ residents at a minimum. That is one huge ghetto waiting to happen.

It would be tough, over time, for the building infrastructure to cope with such an overload of its MEP and other facets.

The above stated in my own humble opinion of course...