Bloom Properties, the Abu Dhabi-based developer of property and lifestyle solutions, signed an agreement with Abu Dhabi Islamic Bank for a financing option for its Bloom Gardens flagship development allowing customers to pay only 5% upon booking, with up to 80% financing and half of the down-payment deferred until unit delivery.

This offering is one of the ways in which bloom is focusing on an end-user market for sales of Bloom Gardens villas and townhouses, in addition to a personalized approach entailing one-on-one discussions with prospective buyers to pick their perfect home.

Commenting on the financing option, Dr. Hani Shammah, CEO of bloom, said: “We understand that the majority of buyers following the change in our economic environment are end-users, buying property to live in, as opposed to a speculative investment.

“We hope that this financing option will give those wanting to own a Bloom Gardens home a more affordable way of doing so,” Added Dr. Shammah.

In addition to Abu Dhabi Islamic Bank, bloom has partnered with other local banks to offer financing options for prospective Bloom Gardens buyers.

Strategically located on Abu Dhabi’s Eastern Mangrove Corniche Road, Bloom Gardens will house the first Brighton College prep school outside the UK, following a partnership between Bloom Education and the prestigious school.
 

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