13 May 2012
CEO of KFH-Bahrain Abdul Hakeem Al-Khayyat said that over 343 villas were marketed during the first day of reservation for the Boyout Al-Diyar villas project. This project is part of Diyar Al-Muharraq project that the bank executes. He added that the project consists of 2500 villas, where the bank offered 370 villas for clients during the first phase. He noted that the promotion of the first phase will end after all available units are reserved. He mentioned that the bank was planning to offer 400 villas during the first phase, but the high demand for more spacious villas led to having 370 villas only in the first phase. He asserted that over 93% of the villas were sold and the rest is expected to be sold within the next two days.
CEO of KFH-Bahrain Abdul Hakeem Al-Khayyat said that over 343 villas were marketed during the first day of reservation for the Boyout Al-Diyar villas project. This project is part of Diyar Al-Muharraq project that the bank executes. He added that the project consists of 2500 villas, where the bank offered 370 villas for clients during the first phase. He noted that the promotion of the first phase will end after all available units are reserved. He mentioned that the bank was planning to offer 400 villas during the first phase, but the high demand for more spacious villas led to having 370 villas only in the first phase. He asserted that over 93% of the villas were sold and the rest is expected to be sold within the next two days.
Moreover, he mentioned that this project caters to Bahraini and GCC people with low and medium income. He went on to say that the prices of villas range from KD 73,000 to 95,000. The bank offers real estate financing and installments can be paid over 30 years. The villas cannot be granted to others, unless they are first or second degree family members, until 50% of the due payments are made. He stated that the 13 projects will be revealed later this year as part of the Diyar Al-Muarraq project, and mentioned that the projects will be held at the south west region. Those projects include Dragon Mart, China Town, Al-Mubarkiya Market, International Market, and used cars showrooms.
© Press Release 2012
