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Tue 30 May 2017 03:16 PM

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UAE's Bloom awards $272m construction deals so far in 2017

Abu Dhabi-based developer says contracts show commitment to deliver projects across the UAE on schedule

UAE's Bloom awards $272m construction deals so far in 2017

Bloom Properties has announced that it has awarded five construction contracts worth over AED1 billion ($272 million) so far this year.

The Abu Dhabi-based developer said in a statement that it has appointed General Construction Company for the main construction works of Stella Maris, Becon Construction for Bloom Heights, and Emirates Link Maltauro for FAYA at Bloom Gardens and Soho Square.

Airolink has also been contracted to build Bloom Education’s Brighton College UK and Dwight School New York schools in Dubai.

Sameh Muhtadi, CEO of Bloom Holding, said: “The awarding of contracts demonstrates our commitment to delivering all our announced projects on schedule. We have appointed reputed contractors and suppliers to ensure strict adherence to the highest quality standards through all stages of construction.

"These contracts mark a key step towards developing unique urban destinations with a sense of place that cater to the needs and desires of the community.”

With most developments scheduled for completion in less than two years, work on the sites is progressing rapidly, the developer added. 

Among the awarded projects, Stella Maris, is a luxury waterfront development in Dubai Marina that will comprise 313 high-end residences.

Another project in progress is Bloom Heights, a mixed-use development in Dubai’s Jumeirah Village Circle that will consist of two high-rise towers with a shared podium, offering a total of 686 residential units.

Bloom Properties has also commenced the main works of FAYA, the fourth phase of the Bloom Gardens master-planned community with 132 townhomes.

Also under construction is Bloom’s 89,000 sq m Dubai school campus in Al Barsha South that will house two premium K-12 educational institutions.

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