Bloom Properties has awarded a joint venture of Tharwaa / Al Mansouri 3B with the main contract to build its mixed-use development on Saadiyat Island in Abu Dhabi.
With enabling works on Park View in the final stages of completion, site mobilisation has commenced and main works on the project are set for completion by the end of 2017, Bloom Properties said without revealing the value of the deal.
Sameh Muhtadi, CEO, Bloom Holding, said: The development of Park View articulates our sustained efforts to provide investors with the best real estate products within prime locations. With the commencement of the main contracting works, we seek to fulfil our commitment in delivering the project on schedule and to the highest construction standards.
Adnan Abuzanat, President, Tharwaa / Al Mansouri 3B Joint Venture, said: This is a very exciting project and we will justify the confidence and trust placed in us by Bloom Properties by deploying the best construction technologies and processes to ensure the efficient and timely completion of the project.
The residential component of Park View will include a total of 207 residential units ranging from studios to two-bedroom apartments.
The hospitality component will include 217 furnished and serviced Hotel Apartments featuring studios, one and two bedroom executive apartments.