Firms begin handover of villas in Bahrain
Manama, December 15, 2011
Al Enma'a House, a subsidiary of Kuwait Finance House - Bahrain, in partnership with Al Enma'a House Real Estate Kuwait, has announced the official start of the handover of residential villas at Ishbiliya Village.
The premier residential development is targeted at the middle-income market.
Owners received keys to their new homes from KFH-Bahrain managing director and chief executive Abdulhakeem Alkhayyat during a ceremony at the village in Bu Guwah.
VIPs, dignitaries and senior officials from the bank and Al Enma'a House attended the ceremony.
Alkhayyat said even though it had been a challenging year, their steadfast dedication, along with the willingness of all parties involved in the project to remain committed, had ensured that milestones continued to be met.
'We are pleased at this latest development,' he said.
Phase One of Ishbiliya Village is already complete, and offers 243 high quality homes that start from BD135,300 ($356,934) and vary according to size.
At the heart of Phase Two is the community centre.
Alkhayyat said home owners will benefit from high-class commercial outlets and leisure facilities within a modern infrastructure that includes a nursery, playground and other amenities that are needed to create a real community.
'The facilities at Ishbiliya Village are designed specifically to encourage a real sense of 'community spirit' within a safe and secure environment,' he said.
'This handover ceremony affirms our strong commitment to deliver world-class communities. It also solidifies our status as a key developer and financer in the region,' he added.
He said KFH-Bahrain is offering potential home buyers Sharia-compliant home finance packages with competitive profit rates and flexible repayment terms that suit the individual's budget, without the need of salary transfer.
'These packages reflect our commitment towards our clients to help them realise a vision of owning a home of their choice within an environment they prefer. People should visit the model villas at the village to experience the high quality finishing of the project and the various architectural designs that cater for different tastes and financial capabilities', he added. – TradeArabia News Service