Khaleeji Commercial Bank

Eagle Hills Diyar is partnering with Khaleeji Commercial Bank to provide financing solutions to own in Marassi Al Bahrain

Eagle Hills Diyar, master-planners of the iconic urban development Marassi Al Bahrain, announced its partnership agreement with Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, through a strategic agreement to provide financing solutions in accordance to the principles of Islamic Shari’a, as well as providing flexible payment structures at competitive rates for those wishing to purchase any of the residential units under the umbrella of Marassi Al Bahrain such as Marassi Residences, Marassi Shores, Marassi Boulevard and The Address Residences.

The agreement was signed by Managing Director of Eagle Hills Diyar, Dr. Maher Al Shaer and the CEO of KHCB, Mr. Sattam Sulaiman Algosaibi. The signing ceremony took place at Marassi Al Bahrain sales center.

Under the terms of the agreement, Khaleeji Commercial Bank clients and residents alike will be able to purchase their dream home without straining their budget through a range of real estate financing solutions offered by the bank under the “Mazaya” Social Housing Scheme. In order to provide clients with a smooth and convenient experience when obtaining real estate financing, the Bank has assigned a special unit to receive and complete applications, as well as appointed a Relations Manager to each residential project, in order to reduce approval periods and provide a smooth banking experience for all our valued clients.

On this occasion, Managing Director of Eagle Hills Diyar, Dr. Maher Al Shaer commented: “We are pleased to sign this agreement with KHCB as part of our efforts to provide unique offers to those desiring acquisition in the Marassi Al Bahrain project. This partnership is a strategic step through which we aim to attract more clients interested in buying residential units in Marassi Residences, Marassi Shores, Marassi Boulevard and The Address Residences. We anticipate continuous provision of affordable financing solutions and convenient payment structures that are consistent with international standards and practices, enabling everyone to own the house of their dreams with ease.”

CEO of KHCB, Mr. Sattam Sulaiman Algosaibi added: “We are very pleased to partner with Eagle Hills Diyar, one of the leading real estate developers in the Kingdom of Bahrain. This agreement will help our clients find the finest options that meet their expectations for residence or investment, within flexible financing structures and competitive profit margins, compliant with the provisions and principles of Islamic Shari’a”

Moreover, Eagle Hills Diyar has launched five residential projects open to buyers in Marassi Al Bahrain to date: Marassi Residences, Marassi Shores, Address Residences VIDA Residences and Marassi Boulevard. Since their introduction to the market, they have generated great interest from local, regional and international investors and end users. The projects are characterised by many attractive features such as modern designs, low rise buildings, spectacular views, luxury facilities and their unique location with sea fronts and a 2 km long sandy beach. They are all within proximity to the international Address Hotel chains, Vida and Marassi Galleria, which is expected to become the main shopping and entertainment destination of the Kingdom of Bahrain.

Marassi Al Bahrain covers an area of 875,000 km2. This unique urban project includes residential units with sea views, hospitality and leisure facilities and retail outlets. Its capacity upon completion will amount to 22,000 people, with 6,000 residential units and an area of 250,000 m2 allotted to commercial activity, making it an important addition to the country's real estate landscape and a major contributor to the national economy.

It is worth noting that buyers have the flexibility to pay up to 5% upfront with no additional payments until handover. Terms and conditions apply.

Interested investors are invited to contact Marassi Al Bahrain Sales Centre on +973 7789 0020 or register their interest on Sales Centre opening hours are Saturdays to Thursdays from 8:30 am-6pm.