Bloom Holding and LEAD Development Announce Luxury Residential Project in Europe

Abu Dhabi – UAE, 13 May 2024: 

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 Spain´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 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.”

Mounir Haidar, Co-founder and Managing Partner of LEAD Development shared, “LEAD is excited to embark on its first international opportunity and is pleased to collaborate with Bloom Holding and Mabel Capital, who will lead our entry into Spain, Europe, and potentially beyond. Leveraging the expertise and experience of both Bloom Holding and LEAD, we are poised to make a significant impact in one of the most sought-after real estate markets in Europe.”