Manama, Bahrain 23 December 2012
Fontana Towers - an exclusive luxurious living on the Juffair waterfront recently held a ceremony to commence handover of freehold apartment title deed for its valued customers. Fontana Towers developed by The Developers WLL is a symbol of luxury and modern living comprising four towers consist of 400 apartments comprising studios, one, two and three bedroom apartments and exclusive penthouses in four interconnected skyscrapers.
Fontana Towers has already set a new benchmark in Bahrain's real estate market by offering numerous amenities for its residents. Within a short span of time since completion in late May 2012, the residential development has become a popular choice for more than 15 nationalities including Bahrainis and with outstanding occupancy.
Mr. Mohammed Abdul Ghaffar Al Kooheji, Owner's Representative, The Developers WLL said: "We are delighted to commence handover of freehold apartment title deed and sincerely thank all our valued customers for their trust and support. We congratulate Mr. Saeed Mohamed Bakeer for receiving the first title deed. We are grateful to Government authorities for expediting issuance of title deed. We believe this is another positive factor for customers to choose Fontana".
Fontana's amenities include ladies spa, temperature controlled indoor pool, hydrotherapy pool, communal outdoor swimming pool with sundeck, health club, tennis, basketball and squash courts, indoor games room, kids play area, mini-theatre, restaurant, fully equipped business centre and convenience stores.
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About Sakana Holistic Housing Solutions BSC (c)
Sakana Holistic Housing Solutions commenced operations in December 2006 as a dedicated mortgage finance provider in Bahrain, offering a comprehensive range of Sharia'a-compliant mortgage products. Sakana's holistic approach is paving the way for significant change in the Kingdom's mortgage market by making Islamic finance easier to understand and acceptable, as well as making it available to an ever-wider group of customers.
The company demonstrated significant growth since inception and has broadened its holistic focus by adding property consulting and property development to its portfolio.
Sakana is a finance company with paid up capital of BD 20 Million, regulated by the Central Bank of Bahrain. Sakana started as a 50:50 joint venture between BBK and Shamil Bank. In early 2010, Capinnova Investment Bank, the Sharia'a-compliant investment banking arm and fully owned subsidiary of BBK acquired 50% stake in Sakana from BBK. Further, Shamil Bank was merged with its parent Ithmaar Bank during the year 2010 and accordingly Ithmaar Bank became a 50% stakeholder.
Sakana is a member of the Waqf Fund for Research, Education and Training in Islamic Finance and a member of Bahrain Property Development Association (BaPDA).
For more information is available at www.sakanaonline.com
For press information contact:
Mr. Adel Fairooz
Sakana Holistic Housing Solutions BSC (c)
Tel: +973 17 20 19 04
E-mail adel@sakanaonline.com
© Press Release 2012
