Abu Dhabi – MENA Herald: Bloom Properties, a subsidiary of Bloom Holding specialized in the development of integrated and sustainable communities, has sold 90% of FAYA, the fourth phase of its master planned community Bloom Gardens, within one week of its launch, the developer announced. FAYA was launched as part of Bloom’s participation in the tenth anniversary edition of Cityscape Abu Dhabi that was held from 12 to 14 April, 2016 at the Abu Dhabi National Exhibition Centre (ADNEC).
Bloom Gardens is an exclusive residential community nestled in the heart of the capital minutes away from the natural sanctuary of the Corniche Al Qurm and Khalifa Park. FAYA will consist of a total of 132 townhomes made up of 28 four-unit clusters and four five-unit clusters.
FAYA is an attractive investment opportunity for potential buyers and investors with a payment plan linked to construction milestones that enables 65% of the total amount to be paid upon completion. FAYA is scheduled for completion in Q4 2017, allowing investors to realize significant return on investment in a very short period of time.
Sameh Muhtadi, CEO of Bloom Holding, said: “The strong response and uptake for the fourth phase of Bloom gardens is a clear indication of the continued investor confidence in the projects developed by Bloom Properties. It also reflects the positive investor sentiment in the strength of Abu Dhabi’s real estate market. The key factors that have contributed to the success of this project are its ideal location, its array of lifestyle amenities and the attractive payment plans. At Bloom Properties, we are committed to living up to the trust that has been placed in us by completing the project as per the schedule and in line with the highest standards in design, architecture and construction.”
In addition to its prestigious location, the project will feature modern and contemporary architecture with an efficient and intelligent design that maximizes the value of living space. It will offer the same upscale amenities as Bloom Gardens Phase 1, 2 and 3, including round-the-clock security, ample parking space, as well as walking, running and kids play areas. Bloom Gardens will include a polyclinic, nursery and community center.
Set to open in the summer of 2016, the community center will include a male and female sauna and steam rooms, a multi-functional hall for hosting various events and a community mosque with the capacity to hold 200 worshippers. The centre will also host a male and female health club, a gym and swimming pools for kids and adults.
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, health care and property services. Bloom Holding has an established and growing portfolio of projects within the UAE, the MENA region, Europe and the United States.