Bloom Properties, the real estate arm of the Abu Dhabi-based National Holding, said it has sold 90 per cent of Faya, the fourth phase of its residential community Bloom Gardens, within one week of its launch.

Bloom Gardens is an exclusive residential community nestled in the heart of Abu Dhabi, just minutes away from the natural sanctuary of the Corniche Al Qurm and Khalifa Park.

Consisting of a total of 132 townhouses made up of 28 four-unit clusters and four five-unit clusters, Faya will be an attractive investment opportunity for potential buyers and investors, said Bloom Properties in a statement.

The company has launched an attractive payment plan linked to construction milestones. Under this scheme, they will have to make about 60 per cent of the payment during the construction phase and the remaining on project completion, it added.

Faya, which is scheduled for completion in the fourth quarter of 2017, will allow investors to realise significant returns on investment in a very short period of time, said the statement.

Bloom Holding CEO Sameh Muhtadi 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 on us by completing the project as per the schedule and in line with the highest standards in design, architecture and construction," he added.-TradeArabia News Service