- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Abu Dhabi-based real estate developer, Bloom Properties, a National Holding company, is offering furnished hotel apartments for sale at its Park View mixed-use development in the university neighbourhood of Saadiyat in Abu Dhabi.
The units went on sale on Monday with the developer guaranteeing a net yield of 7 per cent during the first three years of operation.
Rotana Hotel Management will run the project under an agreement signed with Bloom Properties earlier this year. Unit prices start at Dh850,000. The serviced luxury hotel, which will be characterised by contemporary architecture, will have 188 apartments comprising studios and one- and two-bedroom units.
It is also located close to major road networks with links to Abu Dhabi's key tourist destinations in Saadiyat and Yas islands.
"Amid the construction boom in Abu Dhabi and its fast-paced [growth] as a top global tourist destination, Bloom Properties is committed to meeting the growing demand for quality hotel facilities from the rising number of tourists, visitors and businessmen," said Sameh Muhtadi, CEO of Bloom Properties. "What makes this project a unique investment opportunity is its central location on Saadiyat Island."
The project will comprise a range of commercial and leisure facilities, including retail outlets, restaurants, a swimming pool, gym and fitness centre.
Source: Property Weekly