Emirates Link Maltauro has been appointed the main contractor for Bloom's Cordoba development.
Emirates Link Maltauro has been appointed the main contractor for Bloom's Cordoba development.
Emirates Link Maltauro has been appointed the main contractor for Bloom's Cordoba development.
Emirates Link Maltauro has been appointed the main contractor for Bloom's Cordoba development.

Bloom Holding appoints main contractor for phase one of Bloom Living, Cordoba



Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Emirates Link Maltauro LLC as the main contractor to carry out the construction works for Cordoba, phase one of its fully integrated and all-inclusive residential community, Bloom Living.

Scheduled for completion in Q4 2024, Cordoba, the first phase of the Dh9 billion ($2.5 billion) Bloom Living community, was launched in March 2022 and sold out within a remarkable four hours of its release onto the market.

CEO of Bloom Holding, Carlos Wakim said: “Our vision to offer quality lifestyle in a unique mixed-use development is one step closer to realisation. We are positive that Bloom Living will be one of the most sought-after communities in the capital, and this announcement articulates our sustained efforts to meet the needs of our customers and provide them with the best homes within prime locations. With the commencement of the main contracting works at Cordoba, we seek to fulfil our promise in delivering the project on schedule and to the highest construction standards.”

“Bloom Holding is driven by its commitment to go beyond buyers’ and investors’ expectations. We are carefully selecting right partners, such as Emirates Link Maltauro, to join our journey in building premium communities with best-in-class quality and finishing,” he added.

Mohamad Sleiman General Manager of Emirates Link Maltauro LLC, said: “We are delighted that Bloom Holding selected Emirates Link Maltauro to deliver the first phase of Bloom Living. This marks another quality project demonstrating Emirates Link Maltauro’s strength and core competency in this sector.

“This is a very exciting project, and we honour the confidence and trust placed in us by Bloom Holding by deploying best-in-class processes to ensure the efficient and timely completion of Cordoba to the highest possible standard,” he added.

Those living within Cordoba can benefit from a wide range of facilities available at Bloom Living, just within a short walking distance. Residents can explore the beauty of nature at Bloom Living’s multiple walkways, cycling tracks, and linear parks that are connecting the community’s neighbourhoods. They can also enjoy their time at the community’s main Clubhouse which provides easy access to pools, sports and recreational facilities, as well as a wellness center. Additionally, at the heart of Bloom Living lies a Town Centre that offers an array of retail and F&B options. And to further promote an active and healthy lifestyle, the residents can reach a mosque and two outstanding international schools by foot or bicycle.

The focal point at Bloom Living will be a large lake around which residents can walk, run, and cycle in designated trails. For gatherings and leisure activities, the community features multi-purpose amphitheaters and Sunset and Sunrise Plazas with spectacular views.

Inspired by the Mediterranean Spanish architecture and built over an area of 2.2 million sqm, Bloom Living features more than 4,500 homes, including a selection of villas, townhouses, and apartments, to suit the unique needs of residents of all generations. The highly convenient gated community is located within Zayed City and close to Abu Dhabi International Airport. Bloom Living has been designated as an investment zone allowing buyers of all nationalities to purchase residential units in the development.

The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

The Specs

Engine 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp (542bhp in GTS model)

Torque: 730Nm

Price: Dh649,000 (Dh549,000 for GTS) 

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

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Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins
Meydan Racecourse racecard:

6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 1,900m

7.05pm: Maiden for 2-year-old fillies (TB) Dh165,000 1,400m

7.40pm: The Dubai Creek Mile Listed (TB) Dh265,000 1,600m

8.15pm: Maiden for 2-year-old colts (TB) Dh165,000 1,600m

8.50pm: The Entisar Listed (TB) Dh265,000 2,000m

9.25pm: Handicap (TB) Dh190,000 1,200m

10pm: Handicap (TB) Dh190,000 1,600m.

ENGLAND SQUAD

For first two Test in India Joe Root (captain), Jofra Archer, Moeen Ali, James Anderson , Dom Bess, Stuart Broad , Rory Burns, Jos Buttler, Zak Crawley, Ben Foakes, Dan Lawrence, Jack Leach, Dom Sibley, Ben Stokes, Olly Stone, Chris Woakes. Reserves James Bracey, Mason Crane, Saqib Mahmood, Matthew Parkinson, Ollie Robinson, Amar Virdi.

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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