MANAMA: Kuwait Finance House-Bahrain (KFH-Bahrain) will offer Sharia-compliant mortgage financing to home buyers in three Marassi Al Bahrain projects.
The announcement follows the signing of an agreement between KFH–Bahrain managing director and chief executive Abdulhakeem Alkhayyat and Dr Maher Al Shaer, managing director of Eagle Hills Diyar, the developer of Marassi Al Bahrain.
Mr Alkhayyat said: “We are pleased to renew our strategic partnership with Eagle Hills Diyar and to extend all financing facilities with favourable terms and instalment plans to our clients who are seeking to live in Marassi Al Bahrain.”
The residential projects covered under the agreement are Marassi Residences, Marassi Shores Residences and Marassi Boulevard, which have a total of more than 800 units ranging in size from studios to apartments of one to five-bedrooms, including penthouses.
Selling points of the projects include beachfront community living, onsite gyms, swimming pools, barbeque areas, outdoor seating and activity areas, play areas, basement parking and 24-hour security.
Dr Al Shaer said: “The projects, crafted for smart living, aim to provide residents with the best in contemporary living and ultimate convenience when longing for a break from the fast-pace of life. Marassi Al Bahrain strives to build a comprehensive community that provides a city living experience within a resort setting.”
A $3 billion mixed-use mega project on the Diyar Al Muharraq master-planned island city, Marassi Al Bahrain features a total of 3,500 residences, two hotels, a mall, landscaped common areas and a two kilometre-long public beach.
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