Register | Forgot password?
Switch to Arabic
Sunday, November 29 - 2009

Bloom signs MoU with three leading banks in Abu Dhabi

  • United Arab Emirates: Monday, October 05 - 2009 at 09:17
  • PRESS RELEASE

Bloom Properties, the Abu Dhabi-based developer of property and lifestyle solutions, announced that it has signed a financing agreement with the National Bank of Abu Dhabi (NBAD), Abu Dhabi Commercial Bank (ADCB) and Abu Dhabi Islamic Bank (ADIB), offering up to 25-year financing solutions on residential properties in its flagship development, Bloom Gardens.

Article continues below
 
Under the agreement, which was announced during Cityscape Dubai 2009, the three Abu Dhabi-based banks will be offering up to 80% financing for interested clients, with as low as 10% of upfront equity prior to bank financing.

Commenting on this agreement, Dr. Hani Shammah, CEO of Bloom, said:

"The agreement translates our efforts to provide customized financing solutions to support our clients, and highlights our commitment to offering safe and effective options for those interested in investing in Bloom Gardens. Joining efforts with such prominent financial institutions that support the vision of Abu Dhabi and support its economy, comes high on our priorities list."


"The Bloom brand takes a fresh approach to property development, focusing on developing master-planned, sustainable communities through partnerships with the big players in this field. We are extremely proud of the trust these banks put in us and our projects, as this agreement gives our clients the chance to choose the property right for them, helping us to extend the reach of our services in Abu Dhabi, and across the UAE," he added.
Also consider reading:
Log in to request more information from Bloom Properties

Notes and media contacts

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 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.

Bloom Sports has recently partnered with Treble Group International launching a new joint venture called Treble Sports. The new company, with its headquarters in Abu Dhabi, is a full-service marketing and management company specialising in Sports, Entertainment and Culture for the Middle East region.


Contact:
Jumana Akkawi
PR Specialist
BME PR
Tel: +971 4 423 9311

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions