Park view by Bloom Properties

About the project

The Park View residential complex is located on Saadiyat Island, in one of Abu Dhabi's most sought-after and fastest-growing areas. The project consists of two buildings with glazed facades, that house 217 hotel apartments and 207 residences. Interested buyers can choose from contemporary studios and apartments with 1–3 bedrooms. 

Each residence has a fully equipped kitchen, built-in closets in the bedrooms and air conditioning. The number of bathrooms vary from 1 to 4, depending on the type of property. Some apartments also have an additional maid's room.

Key advantages

A distinctive feature of the complex is the bridge that connects the buildings, which includes an outdoor pool and a lounge area. In addition, residents can take advantage of a community gym and a spa. Ground floors of the buildings are fitted with retail outlets and cafes, and there is also a children's playground and a barbecue zone. Residential parking is available on the ground floor, and the entire complex is provided with 24-hour security and video surveillance, concierge and maintenance services.

Infrastructure

One of the best universities in the UAE, New York University Abu Dhabi, is just a 5-minute walk from Park View, along with a student campus full of cafes and restaurants serving a variety of cuisines from around the world. It is also home to The Art Gallery at NYU Abu Dhabi, Magrudy's Bookstore and The Red Theater.

Furthermore, Bright Beginnings Nursery — Saadiyat Branch is within walking distance of Park View, and other educational institutions such as Redwood Montessori Nursery — Saadiyat Island — Abu Dhabi, Cranleigh Abu Dhabi, and Théodore Monod International French School, can be reached in less than 10 minutes’ by car.

Saadiyat To Go Supermarket is within close proximity to the complex, and Baqala lotus is just a 6-minute walk away. Park View residents can obtain medical care at Tamara Polyclinics LLC, located within a 3-minute walk, or drive 8 minutes’ to HealthPlus Family Clinic — Saadiyat Island.  

The neighbourhood is well served by public transport, and residents can use Saadiyat New York University 1/Laffan St. bus stops.

Park View is located on the southwestern side of Saadiyat Island, directly across from New York University Abu Dhabi. It takes no more than 10 minutes’ by car to reach the renowned museums located in the Cultural District. Here residents can visit the Louvre Abu Dhabi, which includes paintings by world famous artists. Additionally, the museum of history and culture of the UAE; Zayed National Museum, will soon be completed, along with a branch of the American Museum of Modern Art; Guggenheim Abu Dhabi.

One of Abu Dhabi's most popular sites, Saadiyat Beach, is a 6-minute drive from Park View, while the Abu Dhabi mainland, the iconic Corniche Beach, and Marina Mall can all be reached in 15–20 minutes.

Due to the easy access to the emirate's main highway, Sheikh Khalifa Bin Zayed Al Nahyan Highway, travel time to the neighbouring Al Reem Island and Yas Island will take no more than 20 minutes. Abu Dhabi International Airport can be reached within just 25 minutes’ by car.

Economic attractiveness

Park View is located in the freehold zone, which means that foreigners are eligible to purchase residential property with full ownership here. The owner has the right to lease, donate, sell or leave the real estate as an inheritance. In addition, on the basis of the financial investment, it is possible to obtain residency status and visas for family members.

Park View properties can become a great place for permanent living, as the resort area is within close proximity to a student campus and the cultural centre of the capital. The location of the complex, which is surrounded by the developed infrastructure of Saadiyat Island, makes it suitable for investment and subsequent rental or sale.

Studios and one-bedroom apartments are the most in-demand properties in Park View. As of Q2 2021, investors can expect an average annual return on investment for these types of properties between 6–7%.