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.
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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
UAE WARRIORS RESULTS
Featherweight
Azouz Anwar (EGY) beat Marcelo Pontes (BRA)
TKO round 2
Catchweight 90kg
Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)
Split points decision
Welterweight
Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)
TKO round 1
Flyweight (women)
Lucie Bertaud (FRA) beat Kelig Pinson (BEL)
Unanimous points decision
Lightweight
Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)
TKO round 1
Catchweight 100kg
Marc Vleiger (NED) beat Mohamed Ali (EGY)
Rear neck choke round 1
Featherweight
James Bishop (NZ) beat Mark Valerio (PHI)
TKO round 2
Welterweight
Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)
TKO round 1
Middleweight
Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)
Unanimous points decision
Bantamweight
Fabio Mello (BRA) beat Mark Alcoba (PHI)
Unanimous points decision
Welterweight
Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)
TKO round 1
Bantamweight
Trent Girdham (AUS) beat Jayson Margallo (PHI)
TKO round 3
Lightweight
Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)
TKO round 1
Middleweight
Tarek Suleiman (SYR) beat Steve Kennedy (AUS)
Submission round 2
Lightweight
Dan Moret (USA) v Anton Kuivanen (FIN)
TKO round 2
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5