logo
Bloom launches second phase of Granada

Bloom launches second phase of Granada

Trade Arabia05-05-2025

Bloom Holding, a leading real estate development company in the UAE, has launched the second phase of 'Granada', its premium community living apartments located within Bloom Living, the fully integrated and all-inclusive community in Abu Dhabi.
Building on the high demand that the first phase of Granada has witnessed, sales will commence for the apartments at the second phase with prices starting from AED630,000 ($171,521) and attractive post-handover payment plans available, the company said.
Inspired by the aesthetic of traditional Mediterranean homes and elevated by the comfort of modern living, the second phase of Granada will feature a variety of residential apartment units across eight luxury, low-rise four-story buildings centered around community living.
Scheduled to be completed in Q1 2028, Granada's second phase will comprise spacious studios, to upscale one, two-, and three bedroom- apartments with modern and elegant finishings, open floor plans, and high ceilings. Each unit includes a generous living space, sweeping balconies, and access to top-class amenities within the community. All apartments in Granada are designed to feature large windows, creating a bright and airy atmosphere, filled with natural light.
This premium apartment community is fully equipped to cater to all types of residents and all age groups, making it a true multi-generational destination. Residents have direct access to fully facilitated community centers consisting of fitness spaces, cafés, lounge areas, kids play areas, swimming pools and shaded playgrounds. The communal areas at Granada are designed to be welcoming with detailed façades, open gardens and spacious courtyards, creating luxurious leisure spaces.
CEO of Bloom Holding, Carlos Wakim said: "The launch of Granada's second phase builds on the remarkable success of Bloom Living' previously launched phases. The overwhelming response, which we have witnessed so far, highlights the strong interest in our premium integrated community living concept, and we are confident that this phase will achieve similar success.
'Our dedication to addressing the needs of our customers is evident as we observe growing demand for spacious, high-quality apartments within mixed-use environments that offer more than just a place to live. In this carefully planned, self-sufficient community, residents have everything they need, all within short walking distance. Granada transcends the notion of a residential area; it is a lifestyle destination crafted to cultivate a genuine sense of community." -

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Court cancels BD150,000 payout after proof of larger returns
Court cancels BD150,000 payout after proof of larger returns

Daily Tribune

time4 days ago

  • Daily Tribune

Court cancels BD150,000 payout after proof of larger returns

A Bahraini investor claiming BD150,000 in unpaid returns has lost her appeal after judges found she had already received almost BD440,000 from the late businessman at the centre of the dispute. The Higher Civil Court of Appeal in Manama set aside an earlier ruling that had instructed the heirs of the entrepreneur to hand over BD150,000. Judges accepted evidence from a court accountant showing payments totalling BD440,430 reached the claimant and her mother during the entrepreneur's life. The row began in 2013, when the claimant placed BD150,000 with the businessman under her daughter's name, seeking a steady profit stream. The businessman agreed to the arrangement. After his death, the woman demanded the sum, insisting that only BD150,000 in profit had reached her.

Victory for buyers : Consumers reclaim BD290,000 over past two years through complaints system
Victory for buyers : Consumers reclaim BD290,000 over past two years through complaints system

Daily Tribune

time5 days ago

  • Daily Tribune

Victory for buyers : Consumers reclaim BD290,000 over past two years through complaints system

TDT | Manama The Ministry of Industry and Commerce recovered BD290,000 for consumers over the past two years, while arranging replacements worth BD75,000, according to a written reply from Minister His Excellency Abdulla bin Adel Fakhro to MP Dr Muneer Seroor. The figures cover 2023 and 2024, during which the ministry's Consumer Protection Directorate received 7,868 complaints in the first year and 7,153 in the second. A further 1,302 complaints were registered between January and March this year. Most cases concerned faulty electrical goods and vehicle-related issues. Fakhro noted that complaints fell by roughly 9 per cent in 2024. Goods and services That year, more than BD120,000 was recovered for consumers, while goods and services worth over BD45,000 were replaced. In 2023, the recovered amount exceeded BD170,000, with replacements totalling more than BD30,000. By law, the ministry has up to 60 working days to examine a complaint. However, the directorate typically contacts both the complainant and the business within three days to assess the issue and determine the next step. Working days Resolution times vary. Most complaints are dealt with within 15 working days. Around 42 per cent are completed within one week 19 per cent within eight to fifteen days 15 per cent within sixteen to thirty days 12 per cent are resolved on the same day they are received The directorate may also refer cases to the courts when necessary. In both 2023 and 2024, 212 complaints were handed to the Public Prosecution. In 2023, six shops were shut down by administrative order. Arrangements To reduce delays, the ministry signed service level agreements with eight commercial entities that frequently attract complaints. These arrangements led to a 35 per cent reduction in average handling times for those firms. As for cases that take longer, Fakhro said the directorate follows a graduated process. Staff first attempt to broker a settlement between the parties. Failing that, the matter proceeds through formal steps: an initial letter, a notice, a final warning, and then a binding decision. If the business fails to comply, the case is referred to prosecutors.

UAE Central Bank Orders Halt To Minimum Balance Hike
UAE Central Bank Orders Halt To Minimum Balance Hike

Gulf Insider

time29-05-2025

  • Gulf Insider

UAE Central Bank Orders Halt To Minimum Balance Hike

In a major new development, the Central Bank of the UAE on Tuesday instructed all banks operating in the country to suspend planned increases to the minimum balance requirement for personal accounts, pending a formal review of the policy's impact on consumers. In a circular obtained by Emarat Al Youm, the Central Bank explicitly addressed recent reports indicating that several major banks were preparing to raise the minimum required balance from Dh3,000 to Dh5,000, starting June 1. The move, which would have subjected non-compliant customers to monthly fees of up to Dh105, had already been implemented by at least one leading institution. 'With reference to what has been circulated in the media and social platforms about some banks' intention to raise the minimum balance to Dh5,000, the Central Bank has decided to study the impact of this increase on customers,' the circular read. 'Accordingly, banks are instructed to suspend the increase and refrain from applying it until further notice.' The decision follows Emarat Al Youm's earlier report that several major banks had planned to implement the new Dh5,000 threshold starting June 1, in line with updates to Central Bank regulations. One leading bank had already enacted the change, with others expected to follow suit in the coming weeks. The announcement of the potential increase triggered widespread public criticism, with account holders voicing concern over the financial burden on lower-income residents and small businesses. Under the now-paused policy, customers who failed to maintain a Dh5,000 balance in their current accounts would have been charged a monthly fee of Dh25, unless they met certain exemption criteria. These included transferring a salary of at least Dh15,000 per month, maintaining an aggregate account balance of Dh20,000 or more, or having an active credit card, overdraft, or loan with the bank. Customers with monthly salaries below Dh5,000 and no qualifying banking products would have been automatically charged the fee, with some banks reportedly planning to increase the penalty to Dh 100 or more, depending on the account type.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store