Sakana inks deal with real estate developers |
|
Text Size 
In a landmark deal, Sakana Holistic Housing SolutionsSakana Holistic Housing Solutions
has signed a Memorandum of Understanding with the leading real estate developers, Pearl Development & Real Estate Co.Pearl Development & Real Estate Co. and Promobai Development & Real Estate Co. to become the preferred Islamic mortgage provider for two brand new luxury developments - one commercial, the second residential. The twin commercial-residential signing is a first for SakanaSakana
and the latest in a string of MoUs with leading developers that allow it to make purchasing property in Bahrain easier and simpler for Bahraini nationals, GCC nationals and expatriate buyers. Arun Kumar Praharaj, Group Finance Director, welcomed SakanaSakana
as a partner. "We are proud to collaborate with SakanaSakana on these landmark projects and also to participate in SakanaSakana's first twin signing. Crystal Heights and Platinum Towers are part of a new wave of modern, quality luxury developments in the Kingdom that are changing the Bahrain skyline and taking property development to new heights." R. Lakshmanan, CEO of SakanaSakana
, said: "SakanaSakana is known for breaking the traditional barriers of business to forge strong and lasting partner networks across all housing-related products and services. We are very pleased to develop on our existing relationship with the leading real estate developers and expand our portfolio of services with this new and significant agreement. We pride ourselves on being able to offer our customers opportunity, flexibility and convenience through these kinds of collaborative partnerships." He said SakanaSakana
has become a powerful catalyst in the Bahrain mortgage market through its unique, holistic approach and the simplicity and innovation of its unique range of Sharia'a-compliant products and services. As the endorsed provider of mortgage services for the Crystal Heights and Platinum Tower developments, SakanaSakana
is able to offer its customers more ways to take advantage of Bahrain's booming property market. Crystal Heights, a project by Promobai Development & Real Estate, will be a 27 floor, luxury residential development of 150 apartments and 1,400 square feet of retail area overlooking Juffair. With an all-glass facia and twisted cubes forming a distinctive component of its futuristic architecture, the premium freehold property aims to set new standards in luxury living by its completion date in 2010.
Platinum Tower, a project by Pearl Development & Real Estate Co.Pearl Development & Real Estate Co.
, will be a 29 level ultra modern freehold commercial development adjacent to the Ritz-Carlton Hotel in the prime Seef district. With 128 offices and six showrooms, the high-rise tower will also boast an executive health spa, swimming pool, Jacuzzi, sun deck, terrace and sophisticated business centre. It is also scheduled for completion in 2010. By K.V.S. Madhav
© Bahrain Tribune 2008
Community Comments (0) - 
Comment on this article 
Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
Loading ...
Zawya Comment Policy:
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Community Buzz
Stories
Companies
Most viewed companies by Community in the last 24 hrs
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Abu Dhabi Investment Council | UAE | Investment Firms and Funds |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Al Azizia Panda United Company | Saudi Arabia | General Retailers |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
| Nissan Motor Egypt | Egypt | Transportation Products |
| Ras Girtas Power Company | Qatar | Electric Utilities |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
Projects
Most viewed projects by Community in the last 24 hrs
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |