As mentioned earlier, to date (March 2022), Bloom Living has witnessed the launch of the first phase of the project, called Cordoba. Due for completion in Q4 2024, the entire development offers a range of villas and townhouses with 2-6 bedroom layouts. When acquiring a residence in Cordoba you can benefit from an array of lucrative incentives, such as a 2% ADM waiver fee, free 1-year maintenance services and free 1-year service charge. When investing in a property
worth over AED 2M (USD 545K) in Abu Dhabi, you will be able to benefit from a Real Estate Investor Golden Visa, which provides family sponsorship, which means your family (spouse and children) can become UAE residents.
The community of Bloom Living is set to become highly popular among families, since the master plan includes the construction of healthcare facilities and 2 schools. Moreover, homeowners will be able to benefit from close proximity to the Zayed University, situated within Zayed City, which is one of the 3 government-sponsored higher education institutions in the UAE. The starting rental price for a 3-bedroom villa in Zayed City amounts to AED 150K (USD 41K) per annum, with the ROI averaging at 5%, as of Q1 2022, according to the Property Finder data. Once the infrastructure in the area is completed, both capital property values and rental yields are set to increase as well.