Khaleeji seals finance deal with Naseej on key Bahrain projects
RIYADH, November 22, 2023
Khaleeji Bank, one of the leading Islamic banks in Bahrain, has sealed a partnership deal with Naseej, a leading Bahraini real estate developer, to provide exclusive financing offers to buyers interested in purchasing property in Naseej's key projects in the kingdom.
As per the deal, the citizens will be given exclusive benefits when purchasing residential units in recently developed projects by Naseej such as 'Basateen' in Busaiteen, 'Canal View' on Dilmunia Island and 'Nasayem Arad' in Arad.
Khaleeji Bank said its clients will have access to financing with a tenor of up to 25 years, as well as a grace period of up to 6 months when purchasing a residential unit in one of these Naseej projects.
They will also be eligible to win cash prizes of up to BD1,000 and exclusive offers from select retail brands.
Additionally, clients will benefit from opening a "Salary Account” which provides unique benefits, such as an expected profit rate of up to 4% of their salary’s value, no minimum balance, and a chance to win one of 5 cash prizes worth BD 1,000 each in monthly exclusive raffles for Salary Account Holders.
The "Basateen" project is considered a pioneer in the Muharraq Governorate, providing high-quality, sophisticated, and distinctive residential villas. It offers typical residential models in design, construction, finishing, and decor, making them the ideal choice for families looking for luxury housing with a variety of features and amenities that meet the needs of every home and family housing.
This project consists of 23 villas built on a total area of 5,000 sq m. The villas range from 180 to 457 sq m in size, with three- and four-bedroom options available.
The "Canal View" project offers 246 luxury apartments for sale or rent with full ownership, which include a variety of different units like studio, as well as one-, two-, three-, and four-bedroom options.
The units provide stunning views of the canal and the main fountain on Dilmunia Island, making it an ideal choice for families seeking a quiet and safe environment on a private island, allowing them a very modern lifestyle with amenities that meet their daily needs.
Finally, the "Nasayem Arad" project stands out for its strategic location overlooking Arad Bay, offering 136 residential plots and 98 residential villas.
The land’s plot ranges from 301 to 544 sq m, with many of them overlooking the waterfront adjacent to Arad Fort and Arad Bay. Furthermore the project is within walking distance from Seef Mall Muharraq, as well as other shops and restaurants.
On the deal, Ameera Ahmed Al Abbasi, the Head of the Retail Banking at Khaleeji Bank, said: "Through this partnership, we aim to provide exclusive offers to citizens wishing to buy their dream homes in projects recently developed by Naseej, including Basateen, Canal View, and Nasayem Arad."
"Clients applying for this offer will benefit from unique and exceptional advantages that ensure them the convenience of owning a high-end residential unit in one of the most prestigious projects developed by Naseej," she stated.
Mohammed Al Shaikh, the Head of Investments at Naseej, said the financial solutions offered by Khaleeji Bank present an ideal option for owning property in our prestigious projects Basateen, Canal View and Nasayem Arad which includes villas, apartments, and residential plots.
These projects have been attracting a growing number of customers, thanks to their exceptional designs and structural standards," he added.-TradeArabia News Service