- Scheme Enables Customers to Own Property at More Affordable Terms in Abu Dhabi’s Most-sought-after Gated Community Development
- Buyers Pay 40% of Total Property Price After Moving into New Homes
Abu Dhabi-UAE: 15 June, 2016 – Bloom Holding, a National Holding subsidiary dedicated to developing sustainable and integrated urban communities, has announced a flexible Ramadan payment plan for Bloom Gardens Phase 3, making it easier for potential home-owners to purchase homes within one of the city’s most prestigious residential addresses at more affordable terms.
As part of the ‘Post-handover Payment Plan’, buyers of properties within Bloom Gardens Phase 3 will now have the option to pay out 40% of the total price of the property after the handover and over a period of two years. This payment scheme articulates Bloom’s continued commitment to facilitating property purchase procedures within its flagship development by offering innovative payment options for its customers.
Currently, under construction, Phase 3 of the Bloom Gardens project involves the development of 147 housing units ranging from three bedroom townhouses to three, four and five bedroom semi-detached villas and villas. Bloom Gardens Phase 3 is currently on track to be handed over in December 2016. This will allow occupancy by the end of this year, so investors can start earning a return on their investment as early as January 2017. Sustained rental yields, as well as the community’s attractiveness for expat families in Abu Dhabi, make it a solid and sought after investment.
In addition to the ‘Post-handover Payment Plan’, Bloom is also offering potential home-owners two more new innovative payment options including ‘New Low Deposit Payment Plan’ and ‘90% on Handover Payment Plan’. This demonstrates the developer’s commitment to making the purchase of a home easier by providing the client a wide array of flexible payment options.
The announcement was made as part of Bloom Holding’s sponsorship of the Saraya Ramadan tent initiative, where the company is currently showcasing the only exclusive gated-community located in the heart of Abu Dhabi to visitors until the last day of Eid Al Fitr between 7:30 pm and 4:00 am.
Available on the freehold basis to UAE nationals, interested buyers can also explore the exciting development by calling Bloom Properties at 800 bloom to book an appointment to visit the show villa.
Sameh Muhtadi, CEO, at Bloom Holding, said: “Bloom Properties is delighted to announce this flexible payment option for our customers looking to invest in our highly sought-after Bloom Gardens Phase 3 development due for completion as early as December 2016. The scheme demonstrates our commitment to facilitating the purchase of properties within the development at more affordable and flexible terms – after they move into their new homes.”
Sameh Muhtadi added: “Representing for investors and buyers to invest in this “One and Only” project in Abu Dhabi directly from the developer. Phase 3 of Bloom Gardens offers an excellent value proposition for both investors and end buyers with attractive rental yields. At the Saraya Ramadan tent, we look forward to engaging with our customers, investors, and partners to discuss the details of this innovative payment scheme, and update them about the progress of the project that is currently under development.”
Bloom Gardens, a well-established gated community in the heart of Abu Dhabi, has been developed by Bloom Holding with a vision to meet the growing demand for high-quality residential communities with luxury fittings and finishes that boast world-class amenities. Nestled minutes away from the natural sanctuary of the Corniche Al Qurum, the development is easily accessible from every vibrant district of the capital, offering close proximity to many leading shopping outlets and restaurants making this community close to all amenities needed for families living and active lifestyle.
In addition to its prestigious location, the project offers round-the-clock security and a host of upscale amenities including a community center that will open its doors in 2016, as well as the Bloom nursery and a clinic. The project is also home to Brighton College Abu Dhabi that was established in 2011 by Bloom Education in association with Brighton College-UK.
The Saraya Ramadan tent is a sophisticated and gracious meeting place or majlis for meaningful Ramadan gatherings with family, friends, colleagues, and clients. Located next to Nation Towers on Corniche Road in Abu Dhabi, the elegantly styled tent sports a subtle and exquisite Arabesque design and offers a relaxed ambiance complemented by a wide and varied selection of Iftar and Suhour menus – a different one each day – as well as a la carte shisha, as requested. Visitors can enjoy classic Arabic flavors from around the region as well as signature Ramadan dishes in a traditional setting replete with soothing Arabic musical scores.
Bloom Holding, a subsidiary of National Holding, is a group of companies dedicated to developing sustainable and integrated urban communities that offer an enriching lifestyle and quality of life. The Group is driven by its vision to surpass the expectations of buyers and investors through partnerships with best-in-class providers in education, hospitality, healthcare, and property services. Bloom Holding has an established and growing portfolio of projects within the UAE, the MENA region, Europe and the United States.