Bloom Living project launch and apartment rent growth

Average apartment rents in Dubai increased by 4% compared to Q4 2021 according to the Chestertons' Research.

This is the steepest increase since 2014. In addition to Downtown Dubai and Dubai Marina, rental income growth is seen in areas such as:

• Al Barsha South
• Arabian Ranches
• Arjan
• JVC
• Sports City

Bloom Holding announced the launch of the $2.45 billion Bloom Living project in Abu Dhabi.

Eastern Mangrove Corniche The project features 4,000+ Spanish-style villas, townhouses and apartments. Areas: from 150m² to 515m² Prices: from $408,400 Advantages:

• Clinic
• Shops and restaurants
• Lake and park areas
• 2 international schools

In Abu Dhabi, a resort complex will open under the management of LXR Hotels & Resorts, the hotel brand of the Hilton chain.

Al Nawras Island The complex includes:

• 80 beach and water villas
• Royal Villa
• Golf course
• Beach club
• Pools and SPA

Opening – 2023 Sources: The National News, Khaleej Times