Real estate development company, Bloom Holding, has announced that Cordoba, the first phase of its AED9 billion ($2.5 billion) Bloom Living community in Abu Dhabi – has sold out within four hours of release onto the market.
The company also announced that it will be releasing the second phase of the gated community before the end of the year.
Bloom Holding CEO, Carlos Wakim, said: “This latest sell-out, once again highlights the trust that the people of the UAE place in the Bloom name. It also reflects Bloom’s dedication to providing communities that directly address the evolving needs of residents and the real estate landscape.
“The success of Cordoba reflects our commitment to developing high quality communities that have everything residents need to pursue a life most meaningful to them… Quality is at the heart of our value proposition.”
The first phase, which was named after the Andalusian city in line with the community’s Mediterranean rustic vibe, includes two- and three-bedroom townhouses, as well as three- to six-bedroom detached villas with prices starting from AED1.5 million.
Built over an area of 2.2 million sq m, Bloom Living features more than 4,000 homes.
At the heart of the development will be a Town Centre which will include a sunrise and sunset plaza, F&B and retail outlets plus a healthcare clinic.
Bloom Living will also be home to two international schools while the focal point of the community will be a large lake with pathways linking to all amenities and neighbourhoods.
Bloom Living will be built in a number of phases with Cordoba scheduled for completion by the end of 2024.
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