| 25 Aug 2010 |
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Abu Dhabi Finance to Offer Mortgages for Villas in Bloom Gardens
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25 August 2010 - Abu Dhabi, UAE: Abu Dhabi FinanceAbu Dhabi Finance
, the emirate's fastest growing home finance provider, today announced it has signed an agreement with Bloom PropertiesBloom Properties to offer mortgages with interest rates starting from 5.75 per cent for their villas in Bloom Gardens . Under the agreement, Abu Dhabi FinanceAbu Dhabi Finance will offer its mortgages to all eligible prospective home buyers in Bloom Gardens, with all its standard mortgage features including the lowest interest rates in the UAE, a loan-to-value ratio of up to 85 per cent, mortgage tenures of up to 30 years, and a range of repayment options, including the choice of having a one-month payment holiday per year.
Bloom Gardens will, on completion, offer residents a lush landscaped garden environment on Abu Dhabi's eastern Mangrove Corniche Road. The development comprising 372 residential units - a mix of detached villas, town-house villas and semi-detached villas - will also host the Brighton College, the Abu Dhabi campus for the prestigious British school, conveniently located within the community. The villa architecture is inspired by the rustic simplicity of Italian and Andalusian designs, blending natural elements such as wood, sandstone and terracotta, while creating an easy-going Mediterranean ambience. With living spaces opening on to shaded balconies and terraces to create a harmonious ambience, the spacious three, four, and five bedroom villas are ideally suited for families with children. The development is available to both UAE and GCC nationals, with the completion of Phase 1 by October 2011.
Ali Eid Al Mehairi, Chairman of Abu Dhabi FinanceAbu Dhabi Finance
, commented: "We keep expanding our reach in the Abu Dhabi market, and with Bloom Gardens we are offering yet another class and type of home to our clients. We listen to the needs of our clients and the market, and by incorporating Bloom gardens into our portfolio, we are addressing both. With the growth of our Emirate, the demand for high quality family accommodation will continue to increase, and walkable green residential neighbourhoods with schools are ideal to meet the needs of our current and future population."Jawaan Awaidha Al Khaili, Chairman, Bloom PropertiesBloom Properties, said: "We are delighted to partner with a leading mortgage provider such as Abu Dhabi FinanceAbu Dhabi Finance. The tie up will offer our villa buyers access to premium service and best value mortgages in the UAE. Recognitions such as the CNBC Arabian Property Award for Best Residential Development that we received last year help us remain committed to maintaining such standards. The development is expected to meet the needs of modern families and we are confident of its high appeal to a range of buyers."
currently offers service-focused flexible mortgages for a range of properties, from studio flats to luxury villas in and around Abu Dhabi. For a full list of developments, please visit www.adf.ae. -Ends-
About Abu Dhabi Finance
Abu Dhabi FinanceAbu Dhabi Finance was launched in November 2008, with the goal of becoming the leading provider of mortgages to those purchasing property in the Emirate of Abu Dhabi and the rest of the UAE.
The company was formed following a 12-month planning and development period, backed by some of the biggest players in Abu Dhabi. Abu Dhabi FinanceAbu Dhabi Finance offers attractive mortgage products to a wide range of clients, with outstanding client service sitting at the heart of everything it does.
This client service focus translates into a promise that clients can 'expect more' from Abu Dhabi FinanceAbu Dhabi Finance, with a dedicated client ambassador ensuring all aspects of the company's work adheres to strict quality standards.
About Bloom
Bloom is the property and lifestyle development arm of National Holding, with headquarters in Abu Dhabi, UAE. The Bloom brand was launched in 2008 offering a young, fresh and innovative approach to property development. The company has been in operation since 1999 with an established portfolio of completed projects.
Bloom is committed to providing an integrated approach to building communities through value added offerings in education, sports, leisure, health and retail by working with best-in-class partners in all projects. Bloom's primary focus is on identifying and developing strategically located large scale communities in new markets with excellent growth potential with plans to further develop world-class brands and projects in the MENA region and emerging markets.
The first development launched for Sale by Bloom is its exclusive residential development, Bloom Gardens, which is located on the Eastern Corniche in Abu Dhabi.
Meanwhile, Bloom Education has partnered with Brighton College, the school with the best A-Level scores of any co-ed schools in England in 2008 and 2009, to bring the prestigious school to the UAE, with the first branch to be located in Bloom Gardens. For more information about bloom please visit www.bloom.co.ae
For further information, please contact:
Four Communications Abu Dhabi
Mob: +971 (0) 55 980 6697 / +971 2 447 2774
Email: abudhabifinance@fourcommunications.com
For media information, please also visit www.adfmediacentre.com
© Press Release 2010
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