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Manama: As part of its ongoing strategy to support its customers in realizing their dreams of owning apartments in the most prestigious residential development projects in the Kingdom of Bahrain, Kuwait Finance House-Bahrain announced that it has signed a memorandum of understanding with Eagle Hills Diyar.
The memorandum, signed by Mr. Abdulhakeem Alkhayyat, Managing Director and CEO of KFH–Bahrain, and Dr. Maher Al Shaer, Managing Director of Eagle Hills Diyar, is set to extend Islamic Sharia compliant residential real estate mortgage financing facilities for three of Marassi Al Bahrain projects: Marassi Residences, Marassi Shores Residences and Marassi Boulevard.
Commenting on this occasion, Mr. Abdulhakeem Alkhayyat said: “We are pleased to renew our strategic partnership with Eagle Hills Diyar, one of Bahrain’s prominent and reputable real estate developers providing total modern residential solutions to clients aspiring to own their dream apartments. We are also pleased to extend all financing facilities with favorable terms and installment plans to our clients who are seeking to live in Marassi Al Bahrain projects”.
Dr. Maher Al Shaer, Managing Director of Eagle Hills Diyar said: “As part of our efforts to become the leading developer of integrated community living, we are pleased to announce the signing of the MoU with KFH-Bahrain. This agreement will enable all prospective buyers to realize their dreams of owning housing units in Marassi Al Bahrain, a prestigious residential development within the Kingdom. The projects, crafted for smart living, aim to provide residents with the best in contemporary living and ultimate convenience when longing for a break from the fast-pace of life. Marassi Al Bahrain strives to build a comprehensive community that provides a city living experience within a resort setting. Its’ projects offer an unparalleled experience with a completed infrastructure, beautiful landscaped common areas, and finally, a wide range of amenities and entertainment options to suit all needs.”
Marassi Residences, Marassi Shores Residences and Marassi Boulevard are the development’s premium residential offerings, with a varied selection of over 800 units comprising of studios and apartments ranging from 1 to 5-bedrooms, including penthouses. Each residential unit is ready to move in and is elegantly and sensibly designed to cater to different lifestyles according to the highest standards, with unique and attractive interior aspects reflecting the Marassi way of life.
Marassi Al Bahrain projects feature amenities augmenting the beachfront community living, including onsite gyms, adult and children swimming pools, barbeque areas, outdoor seating and activity areas, children’s play areas, easy basement parking facilities and 24-hour security.
Marassi Al Bahrain homeowners can enjoy access to world-class F&B offerings and the iconic Marassi Beach and waterfront promenade. Marassi Al Bahrain will be home to some of the top branded hotels, Address beach resort and Vida beach resort. Residents can also enjoy close proximity to Marassi Galleria, the much-anticipated shopping mall situated in the heart of Marassi Al Bahrain development set to open its doors to the public in 2021.
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About Kuwait Finance House – Bahrain
KFH – Bahrain is a leading commercial and Islamic investment banking institution, founded in 2002 as a fully owned subsidiary of Kuwait Finance House – Kuwait, which was founded in 1977. KFH – Bahrain develops and introduces banking and investment products in full compliance with Shari’ah Principles, through a team of dedicated experts and professionals, with a deep understanding of the market and the clients it serves.
About Marassi Al Bahrain
Marassi Al Bahrain is a prestigious development in the Kingdom of Bahrain, offering premium homes, high-end shopping, leisure and entertainment. An 875,000 sqm development, the Marassi Al Bahrain master plan includes 6,800 residential apartments, 250,000 sqm of retail space and Marassi Galleria, a shopping and entertainment destination. In addition, there will be two world-class hotels Address Beach Resort and Vida Beach Resort, approximately 850 branded serviced apartments and 380 hotel rooms, 40,000 sqm of green spaces including a central park, children’s play area and landscaped spaces, two kilometers of walk way comprising of promenade and white sandy beaches, and a range of restaurants and cafés.
© Press Release 2021
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