Select fast growing markets to remain bullish - says Bloom CEO

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'We are particularly bullish on Abu Dhabi in addition to select markets in the MENA, South East Europe and South East Asian regions. The current global turmoil will certainly affect developer and buyer bank lending behaviors across these markets however, this should not divert us from the fact that some of these countries have medium-term structurally undersupplied property markets.'

Shammah says that community-orientated developments specifically, have experienced unabated interest over the last year, and this trend is likely to continue as investors seek out convenience in terms of location and amenities.

Following the success of their Bloom Gardens development situated on one of the last stretches of land on Abu Dhabi's prestigious Eastern Mangrove Corniche Road, Bloom is launching the second phase of this development, consisting of Andalusian-style villas and townhouses in addition to luxury low rise apartments set within the leafy surrounds of Bloom Garden's landscape.

'Additionally we are also using the Cityscape platform to showcase for the first time our master-planned, Dounya Park project in Algeria, which is jointly developed with our parent company EIIC, along with models of various prestige projects such as Abu Dhabi Marina, a mixed use development in Al Ain, a luxury hospitality project in Al Ain, and our mixed use development project in Bucharest, Romania.'

Dounya Park is a first-of-its-kind within the Algerian market, consisting of an 800-hectare development including a 600-hectare green park within the capital city of Algiers, which will feature a mix of residential and commercial properties, as well as provide educational, medical and leisure facilities. Residences range from luxurious villas with views over the golf course, to townhouses in a Moorish-inspired village and apartments with beautiful forest views.

'At Abu Dhabi Marina, located in the prestigious Bateen area, adjacent to the Bateen marina, we are creating an upscale waterfront de mixed use community combining office buildings, a luxury boutique hotel, unfurnished and serviced apartments in addition to upscale shopping and dining options. Abu Dhabi Marina offers a complete live, work and play solution in an upscale urban setting.'

Spacious apartments in low-rise buildings offer spectacular views and direct access to the lagoon and marina. Health clubs, outdoor pools and recreational facilities, restaurants and waterfront cafés will contribute to the convenience of Abu Dhabi Marina project, along with a 5-star hotel and serviced apartments, ideal for tourists and business travelers.

Bloom Properties is the joint real estate development arm of Emirates International Investment Company and National Holding.

The Bloom brand takes a fresh approach to property, and specifically community-orientated development - a new generation of property development which sets them apart from other developers in the capital.

The forthcoming Bloom communities will incorporate unique assets with strong operators in the educational, hospitality, healthcare and leisure fields, depending on the location.