Bareeq Al Retaj, a prominent real estate development company in the Kingdom of Bahrain, has signed an agreement with the National Bank of Bahrain (NBB), the kingdom’s first locally-owned bank, to offer special mortgage benefits for its customers. 

 

This strategic collaboration aims to introduce a range of exclusive financial incentives for those looking to purchase properties in two of Bareeq’s landmark projects - Ras Hayan Village and Wahati.

 

A beautiful coastal development, Ras Hayan Village is located to the east of the kingdom. This setting provides some of the region's most spectacular sunrises. Enveloped by mangrove trees, the project has been thoughtfully designed to cater to the needs of Bahraini families, providing a tranquil lifestyle and a strong sense of community. 

 

Wahati is situated in the heart of Muharraq Island, specifically in Galali, just minutes away from the capital, Manama, as well as Diyar Al Muharraq and Amwaj Islands. The development features contemporary residential apartments designed to meet the demands of modern living.

 

In line with its commitment to facilitating homeownership, NBB will offer preferential interest rates for eligible buyers at the time of application. This competitive rate enhancement is provided to make financing more accessible, with adjustments aligned to market conditions.

 

Additionally, the first 25 clients who secure mortgage financing from NBB will receive an instant cash reward. 

 

This initiative seeks to incentivise early buyers while making homeownership more rewarding for future homebuyers, said senior officials at the signing ceremony held at the company’s headquarters, in the presence of Yousif Mohamed Bucheeri, Chief Executive Officer of Bareeq Al Retaj and Subah Abdullatif Al Zayani, Chief Executive – Retail Banking at NBB.

 

Commenting on the partnership, Bucheeri said: “Our collaboration with NBB is a significant step towards enhancing real estate investment landscape in the Kingdom of Bahrain. By providing bespoke financial solutions, we are empowering homebuyers and investors with more convenient and attractive opportunities to secure premium properties.”

 

Al Zayani said: "At NBB, we are dedicated to forging strategic alliances with leading real estate developers in the kingdom. This partnership with Bareeq Al Retaj underscores our commitment to providing our clients with seamless and efficient property financing solutions."

 

"By aligning with esteemed developers, we aim to meet our valued clients' aspirations for a high-quality lifestyle and ensure their journey to homeownership is a rewarding experience," he added.-TradeArabia News Service