Local developer plans to build tower on Abu Dhabi island
Abu Dhabi-based developer Bloom Properties has invited contractors to submit bids by 23 December for the main construction package on its Bloom Central development on Abu Dhabi island.
The project, which will be located on the airport road, involves the construction of a 315-room five-star hotel, 64 apartments, and 49 two- and three-bedroom residences. It will also feature 7,000 square metres of office space. The total built-up area is 104,000 square metres.
The local Middle East Foundation Group is working on the enabling works and foundations packages.
Bloom Properties started work on another project in Abu Dhabi earlier this year. The AED1.5bn ($408m) Bloom Gardens development will be located on the eastern side of the corniche (MEED 21:4:10).
The UAE/Italian joint venture Emirates Link Maltauro is working on the first two phases of the development, which involves infrastructure and building work.
The development will be divided into three phases. Phase one is expected to be complete by the third quarter of 2011, with the second phase set for completion in the fourth quarter of next year. Contracts for the third phase of development are expected to be tendered by early 2011. The estimated completion date for the entire project is the fourth quarter of 2012.
Bloom Properties is the property arm of the local investment firm National Holding.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.