Al Salam Bank-Bahrain and Bin Faqeeh sign major financing deal for Alsidra project

Al Salam Bank-Bahrain’s Dari Property Finance scheme is available to all customers for down payments as low as 10%


MANAMA: Al Salam Bank-Bahrain (ASBB) has signed a memorandum of understanding with Bin Faqeeh Real Estate Investment Company to offer its property financing facility for buyers of the Alsidra development at Diyar Al Muharraq.

The family-oriented gated community comprises of 452 luxury villas with two to five bedrooms set in gardens with children’s play areas, car parking and 24-hour CCTV security.

Al Salam Bank-Bahrain’s Dari Property Finance scheme is available to all customers for down payments as low as 10 per cent.

The bank’s deputy chief executive Anwar Murad said: “Al Salam Bank has distinguished itself as one of the preferred choices for property financing solution, helping to make customers’ home ownership dreams come true with competitive rates and flexible terms. Our 30-year tenure option makes property financing accessible and affordable for families looking to move into their dream homes at Diyar Al Muharraq. In addition to this, customers stand a chance to win a free furnishing amount when they avail of our property financing solution before June 30.”

Bin Faqeeh Real Estate Investment Company chairman Faisal Faqeeh said: “Bin Faqeeh is driven by a vision to deliver quality real estate projects for Bahrain which build communities and provide a complete lifestyle to residents. We have 28 projects in the kingdom so far and the master-planned gated community, Alsidra at Diyar al Muharraq, is one of our key offerings for Bahraini families of all sizes.”

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