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ADF to finance Bloom Garden villas
ABU DHABI — Abu Dhabi Finance (ADF) has signed an agreement with Bloom Properties to offer mortgage facilities with interest rates starting from 5.75 per cent for their villas in Bloom Gardens.
The mortgages will a loan-to-value ratio of up to 85 per cent and tenures of up to 30 years with a range of repayment options including the choice of having a one-month payment holiday per year, according to a statement issued by ADFon Wednesday.
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 spacious three-, four-, and five-bedroom villas are ideally suited for families with children. The development is available to both the UAE and GCC nationals, with the completion of Phase 1 is expected by October 2011.
“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,” the statement said quoting Ali Eid Al Mehairi, chairman of ADF.
“The tie up will offer our villa buyers access to premium service and best value mortgages in the UAE,” said Jawaan Awaidha Al Khaili, chairman, Bloom Properties.
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