Emirates Islamic announces home finance offer for UAE nationals

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced a home finance offer on Bloom Gardens residential project. The bank is offering up to 80 per cent financing for ready units and up to 50 per cent per cent for under construction units for UAE national home buyers. The special offer with low profit rates is for a limited period.

Bloom Gardens, created by Abu Dhabi based developer Bloom Properties, is a luxurious residential project located on the elegant eastern mangrove corniche, on the main island of Abu Dhabi, next to Khalifa Park. The phase 1 of the exclusive gated residential community project consisted of 123 ready villas with an additional 145 units set to be delivered starting next year including 55 units in the first quarter 2016 and the remaining 90 units in the fourth quarter. Bloom Gardens has a fully functioning school, Brighton College Abu Dhabi, with attractive retail elements in the pipeline.

Commenting on the offer, Faisal Aqil, Deputy CEO, Consumer Wealth Management at Emirates Islamic said, “We are delighted to introduce this exclusive offer to UAE nationals which will help them realise their dreams of home ownership. Bloom Gardens is a very exclusive and established gated community located in one of the most prestigious addresses in Abu Dhabi. We are certain this offer will be well received by our customers.”

Sameh Muhtadi, CEO of Bloom Holding, said: “We are delighted to have the support of Emirates Islamic for our exclusive residential development - Bloom Gardens. As an integrated community that offers a wide spectrum of upscale amenities, services and facilities including Brighton College Abu Dhabi, Bloom Gardens continues to attract more and more investors and buyers due to its unique location and premium amenities. I am confident that more people will now turn to own homes in Bloom Gardens due to low profit rates offered by Emirates Islamic.”