MANAMA: Eagle Hills Diyar, master-planners of the iconic urban development Marassi Al Bahrain, has partnered with Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, to provide Sharia-compliant financing solutions.
According to the agreement, KHCB will provide flexible payment structures at competitive rates for those wishing to purchase any of the residential units under the umbrella of Marassi Al Bahrain – Marassi Residences, Marassi Shores, Marassi Boulevard and The Address Residences.
The agreement was signed by Eagle Hills Diyar managing director Dr Maher Al Shaer and KHCB chief executive Sattam Sulaiman Algosaibi.
KHCB clients and residents will be able to purchase their dream homes without straining their budget through a range of real estate financing solutions offered by the bank under the ‘Mazaya’ social housing scheme.
In order to provide clients with a smooth and convenient experience when obtaining real estate financing, the bank has assigned a special unit to receive and complete applications. It also appointed a relations manager to each residential project to reduce approval periods.
“We are pleased to sign this agreement with KHCB as part of our efforts to provide unique offers to those looking to buy in the Marassi Al Bahrain project. This partnership is a strategic step through which we aim to attract more customers interested in purchasing residential units in Marassi Residences, Marassi Shores, Marassi Boulevard and The Address Residences,” Dr Al Shaer said.
Mr Algosaibi added: “This agreement will help our clients find the finest options that meet their expectations for residence or investment, within flexible financing structures and competitive profit margins, compliant with the provisions and principles of Sharia.”
Eagle Hills Diyar has launched five residential projects open to buyers in Marassi Al Bahrain – Marassi Residences, Marassi Shores, Address Residences, VIDA Residences and Marassi Boulevard.
The projects are characterised by many attractive features such as modern designs, low rise buildings, spectacular views, luxury facilities, a unique location, sea fronts and a two-km-long sandy beach. They are all within proximity to the international Address Hotel chains, Vida, and Marassi Galleria – expected to become the main shopping and entertainment destination of Bahrain.