Staff Report,
Dubai, UAE
Bloom Holding, a frontrunner in the UAE real estate landscape, and LEAD Development, a leading real estate developer in the UAE, have announced a joint venture agreement with Spain’s high-end residential developer, Mabel Real Estate, to co-develop Mabel Marbella Residences, in Spain. Spanning over 100,000 square metres of land in the Golden Mile, the luxury residential project is situated in a premier residential area of Marbella in Spain. The demand for prime real estate in this coastal city is driven not only by international buyers but also by Spanish nationals seeking second homes.
Manuel Campos Guallar, Chairman of Mabel Capital, said, “We are honored to collaborate with such high caliber partners as Bloom Holding and LEAD Development in such a prime location and project. We plan to develop Marbella’s most exclusive gated community, creating an environment of refinement, tranquility, and breathtaking sea and mountain views. Architecture will blend the Al-Andalus traditional heritage of the region with cutting-edge contemporary features, surrounded by a majestic landscape.”
Marbel Marbella Residences will be a significant addition to Bloom Holding’s portfolio which has delivered over 5,000 units and has more than 5,000 units in the pipeline.
Carlos Wakim, CEO of Bloom Holding, said, “This announcement marks a major milestone in our journey to fulfil our international expansion strategy, explore opportunities in high-growth real estate markets, and launch our premium projects in Europe. By joining forces with LEAD Development and Mabel Capital, we can leverage our expertise, strengths, and common approach to developing residential properties as we mark our first expansion in Europe and enter this mature market. Spain, and Marbella in particular, remains a global destination for luxury homes that continues to attract both investors and homeowners from across the globe presenting an attractive entry point for Bloom Holding. This strategic partnership aligns with Bloom Holding’s forward-looking aspirations to broaden its development horizons.”
Ends
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