Thursday 4 March 2021

KFH-Bahrain inks Diyar Al Muharraq villa finance deal

MANAMA, May 27, 2019

Kuwait Finance House - Bahrain (KFH-Bahrain), one of the leading Islamic banks in the kingdom, is offering customers a special property-financing plan for the luxurious Al Bareh villas located in the mega mixed-use community development Diyar Al Muharraq.

Situated on the west side of Diyar Al Muharraq, Al Bareh’s prime location boasts incredible views over the pristine seafront and main canal.

The project will encompass an array of facilities for the community with stunning outdoor spaces, alongside luxurious villas catered to suit a variety of needs with sea-facing parks.

With a variety of freehold seafront offerings that cater to a wide range of customer requirements, Al Bareh is planned and designed to be one of the leading developments in Diyar Al Muharraq in Bahrain.

Under the special sharia-compliant property financing offer, KFH-Bahrain will help its customers to own a luxury villa through facilitated monthly payments during construction period, said the statement from the bank.

In addition, the down payment will be at a reduced rate of 3 per cent of the total property value, along with a flexible repayment period of up to 25 years, it added.

Deputy head of retail banking group Subah Abdullatif Al Zayani said: "We are pleased to provide this financing solution to enable our customers to easily own their dream house at Dareen and Es’hail, part of the Al Bareh project."

"This offer comes in line with the bank's strategy to provide tailor-made financing solutions to support the development of real estate projects in the Kingdom of Bahrain licensed by Real Estate Regulatory Authority (Rera)," he added.-TradeArabia News Service


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