Deal to develop new project in Spain
ABU DHABI: Bloom Holding, one of the UAE’S foremost real estate development companies, and LEAD Development, a leading real estate developer in the UAE, announced a joint venture agreement with Spai’s high-end residential developer, Mabel Real Estate, a division of Mabel Capital, to co-develop a luxury residential project in Spain.
This strategic partnership, which brings together leading players in the real estate industry, will see the development of “Mabel Marbella Residences”.
The project will span over 100,000 sqm of land in the coveted Golden Mile, a premier residential area in the Spanish city, Marbella.
Marbella enjoys a robust real estate market paired with unparalleled climate and cultural richness. 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.
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.”
Manuel Campos Guallar, Chairman of Mabel Capital echoed this sentiment, adding, “We are honoured to collaborate with such high caliber partners as Bloom Holding and LEAD Development in such a prime location and project.