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Tue 30 Aug 2016 01:31 PM

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UAE's Bloom awards contract for Soho Square project

Bloom Properties says it has hired company to carry out enabling works at Saadiyat project scheduled for Q1 2017 completion

UAE's Bloom awards contract for Soho Square project

Bloom Properties has awarded the enabling works of its Soho Square mixed-use urban development on Saadiyat in Abu Dhabi to Dutch Foundation Company and Concrete Rehabilitation.

Work is set to commence on site in September and is scheduled for completion in the first quarter of 2017 to ensure the site is ready for main construction work to begin.

Taking shape in the University neighborhood of Saadiyat in Abu Dhabi, Soho Square is the second mixed-use development by Bloom Properties on Saadiyat and encompasses a residential, retail and commercial space.

Soho Square will feature 302 upscale residences, ranging from studios to three-bedroom apartments, townhouses and a penthouse. The project will feature a raft of commercial and retail facilities and amenities including restaurants, a swimming pool and a fitness centre.

Bloom said in a statement that the project has been a "big draw for investors" looking for substantial return on their investments and long term capital appreciation. 

Sameh Muhtadi, CEO, Bloom Holding, said: "The awarding of enabling works of Soho Square is an important first step in preparing the site for the main construction work and reiterates our commitment to delivering the project in a timely manner.

"Soho Square offers resident and end-users an attractive value proposition and excellent opportunity to live in one of Abu Dhabi's most sought-after locations. We will ensure that the project is completed to the highest standards."

Salim Farah, general manager of Dutch Foundation Company and Concrete Rehabilitation, added: "We are pleased to partner with Bloom Properties in delivering this landmark development. We will draw on our strong track record of undertaking many large-scale projects across the region to achieve the aspirations of Bloom Properties and its stakeholders."

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