Latest news with #BloomLiving
Al Etihad
26-05-2025
- Business
- Al Etihad
Abu Dhabi apartment rents saw 10% YoY rise in Q1 2025: Asteco report
26 May 2025 08:15 A. SREENIVASA REDDY (ABU DHABI)Abu Dhabi's real estate market sustained its upward momentum in the first quarter of 2025, with average apartment rents climbing 10% year-on-year (YoY) and 4% quarter-on-quarter (QoQ), according to the latest market report from real estate consultancy report noted particularly robust growth in the high-end rental segment, where rates increased between 8% and 12%. The mid-tier market also recorded solid gains, with rents rising between 5% and 8%. 'This widespread positive performance, characterised by increasing rents and high occupancy, underscores the fundamental strength and consistency of demand within Abu Dhabi's residential sector,' Asteco said in the the rise in rentals, some low-end apartments remain relatively affordable on Abu Dhabi Island. In areas like Al Khalidiyah and Al Bateen, studio apartments are available for Dh25,000 to Dh35,000 annually, while one-bedroom units range from Dh28,000 to Dh45, Central Abu Dhabi and the Corniche, studios are priced between Dh30,000 and Dh35,000 per year, and one-bedroom apartments can be rented for Dh40,000 to Dh50,000 the healthy rental gains, supply continues to come online at a steady pace. In Q1 2025 alone, approximately 1,200 new residential units were delivered across developments including Jubail Island, Bloom Living – Cordoba Phase 1, Al Jurf Gardens in Ghantoot, Al Raha Beach and Rawdhat Abu Dhabi. The total number of new residential handovers for 2025 is expected to reach 5,500 units, concentrated in key investment zones such as Yas Island, Masdar City, Saadiyat Island and Al Reem to Asteco data sheet, 700 new apartment units and 500 villa units were completed in Abu Dhabi during the first quarter of 2025. This follows the completion of 2,850 apartments and 2,750 villas in 2024. By the end of 2025, total completions are projected to reach 4,000 apartments and 1,500 villas, reflecting a continued expansion in residential supply across the office sector is also gearing up for fresh supply, with the Quartz Tower on Yas Island set to be delivered in Q2, and other major projects like Shams Tower, The Link, and City Square in the pipeline for late 2025 into terms of sales, the market saw 8,700 residential transactions between March 2024 and March 2025. These included 4,100 off-plan deals and 4,600 sales of completed units, which comprised 3,250 apartments and 1,350 villas and townhouses. Notably, transactions for completed properties grew by 6% QoQ and surged 42% YoY reflecting strong demand from both investors and prices also showed a healthy upward trajectory. Apartment prices rose 4% on QoQ and 7% YoY, with high-demand areas seeing annual gains of over 15%. Villa prices increased by 4% QoQ and 8% YoY, with premium locations such as Saadiyat Island registering annual gains exceeding 15%.Asteco observed that 'well-located villas within prime communities continue to outperform the market average', underscoring the premium that buyers place on quality and launches performed strongly, with high absorption rates within weeks of release. 'This reflects sustained buyer confidence in the long-term value and appeal of new developments,' the report noted. Going forward, Asteco said that the Abu Dhabi real estate market remains 'well positioned for continued positive performance in the near to medium term'. Although new supply may moderate the pace of growth in rentals and values, overall market momentum is expected to remain intact, with further upside potential for both capital and rental values.
Khaleej Times
25-05-2025
- Business
- Khaleej Times
Abu Dhabi rents surge up to 12%: What is driving soaring rental prices in 2025?
Abu Dhabi's residential market has rapidly absorbed new supply over the past 18 months, driven by exceptionally high occupancy and surging demand, pushing rents up by as much as 12 per cent. Around 1,200 residential units, including 700 apartments and 500 villas, were delivered during Q1 2025 in Jubail Island, Bloom Living, and Al Raha Beach. Yet, occupancy levels remain robust, exceeding 95 per cent in many investment zones, according to Asteco. The development pipeline remains active, projecting nearly 5,500 further residential handovers by year-end, concentrated in key areas such as Yas Island, Masdar City, Saadiyat Island and Al Reem Island. A sharp rise in population, reaching 3.789 million as of September 2023, has significantly boosted demand from both tenants and buyers. "High occupancy rates were maintained across all Investment Zones, effectively absorbing the steady delivery of new supply over the past 18 months. Exemplifying this trend, newly constructed developments in areas such as Al Raha Beach report occupancy levels surpassing 95 per cent and achieving strong rental rates,' said the real estate consultancy. 'This widespread positive performance, characterised by increasing rents and high occupancy, underscores the fundamental strength and consistency of demand within Abu Dhabi's residential sector throughout the last three years,' it said. In the first quarter of 2025, average apartment rental rates increased by 4 per cent quarter-on-quarter and showed a significant 10 per cent rise year-on-year. 'Growth was particularly strong in the high-end segment, which experienced average rental increases between 8 per cent and 12 per cent. The mid-tier market also saw notable growth, with rents increasing between 5 per cent and 8 per cent, on average,' Asteco added. In the villa market, the luxury segment continued to lead rental growth, especially in prime locations such as Saadiyat and Yas Islands. Rental rates in some communities surged by as much as 15 per cent compared to last year. High-end villa communities also recorded significant gains, with average rental rates rising between 4 per cent and 7 per cent. Haider Ali Khan, CEO of Bayut, said Abu Dhabi's real estate sector in 2025 continues to build on last year's strong momentum, remaining an attractive destination for global investors. 'The influx of capital from sovereign wealth funds and the growing entrepreneurial landscape drive renewed interest in the emirate. With over 30 new projects launched, Dh7.8 billion in foreign investment recorded in 2024, and an increased focus on transactions, Abu Dhabi is establishing itself as a smart, future-ready hub for property investment,' he said. Recently, developer confidence remained evident throughout the first quarter, reflected in several significant residential projects' launches and/or announcements. With many developments encompassing residential and mixed-use components currently in the planning and early development phases, additional new project announcements are anticipated throughout 2025, said property brokerage firm Asteco.
Gulf Business
08-05-2025
- Business
- Gulf Business
Bloom Living, a premium community in the heart of Abu Dhabi
Inspired by Mediterranean Spanish architecture, Bloom Living is a fully integrated and all-inclusive community located in Abu Dhabi. Bloom Living will feature over 4,500 homes including villas, townhouses, and apartments o ffered at remarkably attractive and competitive prices t o suit the unique needs of residents of all generations . B loom Living reflects Bloom Holding's broader vision to redefine community living. The development aim s to exceed homeowners and investor s' expectations through its premium design and best-in-class amenities . The gated community, with a guard house offering 24/7 security, is also an investment zone where expats and foreigners from all nationalities can own a property. Bloom Living has been thoughtfully designed so that all the facilities, amenities and services are within walking distance for every resident. Residents can explore the beauty of nature at the development's multiple uninterrupted, interconnected parks, and they can also enjoy their time at the community's main Clubhouse which provides easy access to pools, sports, and recreational facilities. Bloom Living also boasts diverse amenities including playgrounds, manicured gardens, and lush green spaces for its residents to enjoy. At the heart of Bloom Living lies a Town Center , a vibrant community destination that offers an array of exquisite restaurants and cafés available for both residents and visitors, as well as a variety of retail options and services such as a medical clinic, a wellness center and a supermarket, to ensure that residents can obtain all their daily necessities without the need to leave Bloom Living. The focal point at Bloom Living will be a large lake around which residents can walk, run, and cycle on designated trails. For gatherings and leisure activities, the community features multi-purpose amphitheaters and Sunset and Sunrise Plazas with spectacular views. Moreover, Bloom Living comprises places of worship and two outstanding international schools. Conveniently located near Zayed International Airport and the Abu Dhabi-Dubai highway, Bloom Living benefits from Abu Dhabi's fast-developing infrastructure and lifestyle amenities. Its premium facilities and picturesque landscaping draw homeowners and investors seeking peace of mind and genuine human connection. Granada, Bloom Living's Premium Community Living Apartments Most recently, Bloom Holding has announced the launch of the second phase of 'Granada', its premium community living apartments located within Bloom Living. Scheduled to be completed in Q4 2027, Granada's second phase will comprise spacious studios, to upscale one, two-, and three bedroom- apartments across eight luxury, low-rise four-story buildings centered around community living. P rices start from AED XX with attractive post-handover payment plans available. The apartments are highly efficient, spacious and have a harmonious interior concept which supports a variety of interior design styles. N atural light weaves through the well-ventilated and well-proportioned openings to modern kitchens and spacious living and lounge areas. Each unit has generous covered parking. Granada reflects Bloom Holding's commitment to make premium community living accessible. By introducing a premium low-rise community, Bloom Holding is breaking down barriers and inviting a broader demographic to experience the luxury and comfort of Bloom Living. Granada offers something for everyone, and this inclusivity not only attracts a wider audience but also fosters a sense of community and belonging by establishing itself as a vibrant, multi-generational hub for modern living. This premium apartment community is fully equipped to cater to all types of residents and all age groups. 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.
Arabian Business
06-05-2025
- Business
- Arabian Business
Bloom Holding launches phase two of Granada Apartments in Abu Dhabi
Bloom Holding, a leading UAE real estate development company, announced the launch of the second phase of 'Granada', its premium community living apartments in Abu Dhabi. Sales will commence for the apartments, located within Bloom Living, at the second phase with prices starting from AED630,000 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. The second phase of the project is scheduled to be completed in Q1 2028. 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, the company said. Carlos Wakim, CEO of Bloom Holding, 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,' he said. Wakim said Bloom Living is a master planned community strategically located within Abu Dhabi – a city that offers a booming economy, a robust tourism industry, and a reliable market, making it an irresistible destination for real estate investors seeking lucrative opportunities and high rental yields. 'The emirate offers world-class infrastructure, and we believe that any investment in Abu Dhabi is an investment in the future,' he said.
ME Construction
06-05-2025
- Business
- ME Construction
Bloom Holding launches second phase of Granada in Abu Dhabi
Property Bloom Holding launches second phase of Granada in Abu Dhabi By All apartments in Granada are designed with large windows, creating a bright and airy atmosphere filled with natural light Bloom Holding has announced the launch of the second phase of its premium community living apartments 'Granada'. These apartments are nestled within Bloom Living, a fully integrated and all inclusive community located in Abu Dhabi. Inspired by the traditional Mediterranean homes and the comfort of modern living, the second phase of Granada will feature a diverse range of residential apartment units spread across eight low-rise, four-story buildings. These buildings will be designed for community living and provide residents with a convenient and comfortable living environment. Granada's second phase, scheduled for completion in Q1 2028, will feature studios, one-, two-, and three-bedroom apartments with modern finishes, open floor plans, and high ceilings. Each unit will include large living space, balconies, and access to the community's amenities. All apartments in Granada are designed with large windows, creating a bright and airy atmosphere filled with natural light. This apartment community is designed to accommodate all types of residents and age groups, making it a multi-generational destination. Residents have direct access to fully equipped community centres that offer fitness spaces, cafés, lounge areas, kids' play areas, swimming pools, and shaded playgrounds. The communal areas at Granada features façades, open gardens, and courtyards, providing leisure spaces for residents to enjoy. 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,' he added. 'Bloom Living is a master planned community that is strategically located within Abu Dhabi, a city that offers a booming economy, a robust tourism industry, and a reliable market, making it an irresistible destination for real estate investors seeking lucrative opportunities and high rental yields. The emirate offers world-class infrastructure, and we believe that any investment in Abu Dhabi is an investment in the future,' he concluded. Additionally, at the heart of Bloom Living lies a Town Center, a community destination that offers restaurants and cafés available for both residents and visitors, as well as a variety of retail options and services such as a medical clinic, a wellness centre and a supermarket that residents can obtain all their daily necessities without the need to leave Bloom Living. The focal point at Bloom Living will be a large lake around which residents can walk, run, and cycle on designated trails. For gatherings and leisure activities, the community features multi-purpose amphitheaters and Sunset and Sunrise Plazas with views. Bloom Living comprises places of worship and two outstanding international schools. Bloom Living will offer villas, townhouses, and apartments, catering to the diverse needs of residents of all ages. Nestled within the Zayed City, convenient gated community is located near Zayed International Airport. Bloom Living has been designated as an investment zone, making it accessible to buyers from all nationalities, allowing them to purchase residential units in this development.
