Al Salam Bank Bahrain signs deal with Era Homes

Bank said it is offering competitive profit rates and flexible terms to customers interested in purchasing homes in the project

  
Image used for illustrative purpose. City skyline in Manama, Bahrain.

Image used for illustrative purpose. City skyline in Manama, Bahrain.

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MANAMA: Al Salam Bank Bahrain (ASBB) has agreed to provide special property financing for villas in the Era Homes project in Diyar Al Muharraq.

The announcement follows the signing of a memorandum of understanding (MoU) between the bank and the developer, Era Projects.

The Sharia-compliant bank said it is offering competitive profit rates and flexible terms to customers interested in purchasing homes in the project.

All Bahraini citizens including Mazaya Scheme beneficiaries, GCC residents, as well as expatriates are eligible to apply given the freehold nature of the project.

Era Homes comprises 113 two-storey villas starting in size at 200sqm with prices starting at BD107,000.

Al Salam Bank deputy chief executive Anwar Murad said: “We are pleased to enter this agreement with Era Projects to provide unmatched property financing facilities for the Era Homes project in Diyar Al Muharraq. We look forward to continuing to build on our partnership, in a joint effort to accelerate and streamline customers property financing needs at accessible prices.”

Era Projects CEO Abdul Hussain Khudur said, “Through this alliance, we are ensuring customers benefit from flexible financing facilities, enabling them to purchase their dream home at Era Homes. The villas within phase 1 of the project are scheduled to be complete this June, and ready for handover.”

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