{"id":10498,"date":"2016-04-12T17:52:35","date_gmt":"2016-04-12T10:52:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=10498"},"modified":"2016-04-12T16:03:01","modified_gmt":"2016-04-12T09:03:01","slug":"bloom-holding-to-launch-affordable-housing-project-near-abu-dhabi-airport","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bloom-holding-to-launch-affordable-housing-project-near-abu-dhabi-airport\/","title":{"rendered":"Bloom Holding to launch affordable housing project near Abu Dhabi airport"},"content":{"rendered":"


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\nMichael FahyBloom Holding plans to launch a huge affordable project of 5,000 homes close to Abu Dhabi International Airport.The company has a 2.2-million-square-foot plot close to the airport in Madinat Bin Zayed City, which it plans to develop into apartments, villas and town houses, with the apartments comprising up to 5,000 homes.Sameh Muhtanadi, the chief executive of Bloom Holding, said: “Affordable housing is our next natural progression. That’s where the demand is.”
\nThe project is currently being masterplanned, and Mr Muhtanadi said that he hoped to have approvals in place from both Abu Dhabi Municipality and the Urban Planning Council in place to be able to launch the scheme next year, with a view to the first units being made available to lease by 2019.Mr Muhtanadi said that it was still too early to say how much it these units might fetch.”But there is a sweet spot for what can be defined as affordable. We hope to target Dh800,000 for an apartment, and we hope to offer units for rent for Dh75,000.”
\nHe added that it is currently in talks with the municipality about potentially adding a pedestrian bridge from the site directly to the airport.Bloom Holding is also planning to launch three new projects in 2016 – two in Abu Dhabi and one in Dubai. All three will be ready to launch by the time Cityscape Global takes place in September.One of these will be a high-rise project opposite Al Maryah Island containing a hotel and serviced apartments with 240 keys. This will contain units both for sale and lease aimed at corporate occupiers, Mr Muhtanadi said, and will be branded as Bloom Residences.
\nThe other one in Abu Dhabi is a large residential project being developed entirely for leasehold. It will contain three towers and will be built on a plot opposite Sheikh Zayed Grand Mosque.”The plot of land we have will offer unparalleled views of Sheikh Zayed Bridge and the mosque at the same time. We think it’s going to be tremendous demand for that.”The project in Dubai, named Bloom Heights, will consist of two, 30-storey towers with about 600 apartments. It will be based in Jumeirah Village Circle.
\nA report published by Cluttons yesterday stressed the need for more affordable housing in Abu Dhabi, which is partly due to cuts to housing allowances being offered by corporates to workers.\u200bmfahy@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Bloom Holding to launch affordable housing project near Abu Dhabi airport<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Michael FahyBloom Holding plans to launch a huge affordable project of 5,000 homes close...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-10498","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2Jk","jetpack-related-posts":[{"id":25483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bloom-holding-looks-to-finalise-deal-on-affordable-housing-project-near-abu-dhabi-airport\/","url_meta":{"origin":10498,"position":0},"title":"Bloom Holding looks to finalise deal on affordable housing project near Abu Dhabi airport","date":"September 8, 2016","format":false,"excerpt":"\r Bloom Holding is hoping to finalise a deal that will allow it to develop a 2.2 million square feet plot of land near Abu Dhabi airport by the end of the year. The chief executive Sameh Muhtadi said that Bloom expects to be able to put about 13,500 homes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bloom-properties-plans-affordable-housing-in-abu-dhabi-and-dubai\/","url_meta":{"origin":10498,"position":1},"title":"Bloom Properties plans affordable housing in Abu Dhabi and Dubai","date":"September 4, 2016","format":false,"excerpt":"\r Bloom Properties is planning to build 3,000 flats in Abu Dhabi which can be rented out for as little as Dh45,000 a year.The Abu Dhabi-based developer said that it planned to build five blocks of what it calls \"mid range\" housing in the capital after buyers reserved 182 of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":424,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bloom-holding-boss-keeps-the-faith-in-abu-dhabis-housing-appeal\/","url_meta":{"origin":10498,"position":2},"title":"Bloom Holding boss keeps the faith in Abu Dhabi’s housing appeal","date":"December 21, 2015","format":false,"excerpt":"\r \r Veteran developer Sameh Muhtadi was appointed the chief executive of Bloom Holding in April after a 30-year career at companies including Arabtec, Emaar Properties Misr and Orascom Contrack. Mr Muhtadi has been tasked with overseeing Bloom\u2019s ambitious new projects including delivering Bloom Gardens, a partially completed villa project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-tdic-mulls-idea-of-affordable-housing-for-saadiyat-island\/","url_meta":{"origin":10498,"position":3},"title":"Abu Dhabi's TDIC mulls idea of affordable housing for Saadiyat Island","date":"April 18, 2017","format":false,"excerpt":"\r Abu Dhabi's Tourism Development Investment Company (TDIC) on Tuesday said that it is looking to build \"affordable\" housing on the capital's upmarket Saadiyat Island as property developers across the country look to build lower cost off-plan units to attract buyers in a soft market.Speaking on the sidelines of Cityscape\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tdic-looks-to-build-affordable-housing-on-saadiyat-island\/","url_meta":{"origin":10498,"position":4},"title":"TDIC looks to build affordable housing on Saadiyat Island","date":"April 18, 2017","format":false,"excerpt":"\r Abu Dhabi's Tourism Development Investment Company (TDIC) yesterday said that it is looking to build \"affordable\" housing on the capital's upmarket Saadiyat Island as property developers across the country look to build lower cost off-plan units to attract buyers in a soft market.Speaking on the sidelines of Cityscape Abu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tdic-mulls-idea-of-affordable-housing-for-saadiyat-island\/","url_meta":{"origin":10498,"position":5},"title":"TDIC mulls idea of affordable housing for Saadiyat Island","date":"April 18, 2017","format":false,"excerpt":"\r Abu Dhabi's Tourism Development Investment Company (TDIC) on Tuesday said that it is looking to build \"affordable\" housing on the capital's upmarket Saadiyat Island as property developers across the country look to build lower cost off-plan units to attract buyers in a soft market.Speaking on the sidelines of Cityscape\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10498"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=10498"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10498\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=10498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=10498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=10498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}