Following the launch of the second phase of “Deerat Al Oyoun” with 345 ready-to-be-sold villas in “Diyar Al Muharraq”, Kuwait Finance House – Bahrain (KFH - Bahrain) launched an exclusive promotional campaign that caters to clientele who wish to purchase and live in the house of their dreams, as part of Mazaya social housing finance scheme. The relaunched campaign comes following the success of the Bank’s promotional campaign introduced last year, as part of the first phase of “Deerat Al Oyoun” project.
Throughout this campaign, the bank will organize monthly draws to reward three winners with a prize of one year’s worth of instalments deposited directly to their accounts. Clients who reserve their homes and complete all transactions between April and June 2021 will be qualified for this campaign.
It is worth noting that KFH – Bahrain offers social housing financing solutions in compliance with Islamic Sharia’a principles. For the additional real estate finance that covers the property value, clients will be granted competitive annual profit rates, flexible repayment period of up to 30 years, as well as waiver of down payment requirement. KFH – Bahrain will also provide free fire insurance over the whole financing tenor and extra financing of up to BD 10,000 for home furnishing.
Commenting on this occasion, Mr. Khalid Al-Maarafi, Executive Manager and Head of Retail & Private Banking at KFH - Bahrain, said: “We are extremely pleased to continue our partnership with the Ministry of Housing and Eskan Bank. This collaboration will enable us to further meet the needs of our clients and help them establish their new lives by benefiting from our unique financing solutions for social housing deals. Following the successful handover of the first phase of “Deerat Al Oyoun”, we are thrilled to announce our one-of-a-kind promotional campaign that will give our clients who wish to buy their dream homes, under the Mazaya Financing Scheme, all the necessary solutions to expediate their transactions and win the grand prize of a year’s worth of instalments.”
Mr. Hamed Mashal, Head of Retail Banking at KFH–Bahrain commented: “We at KFH – Bahrain have always put our clients at the forefront of our operations. We have designed a one-stop financing solution to facilitate the process of owning dream homes for our clients quickly and efficiently. Our campaign will run during the launch period of the second phase of “Deerat Al Oyoun” alongside the promotion that will allow them the opportunity to enjoy exclusive benefits and valuable prizes.”
The villas in the second phase of the “Deerat Al Oyoun” project have an area of 204.5 m² and a total construction area of 215m2, which include four different designs: Bahraini, Spanish, Mediterranean and Modern. Moreover, the villas include 4 bedrooms, 2 living rooms, a kitchen and seating area (majlis), 4 bathrooms, indoor parking, and a back garden.
It is also worth mentioning that the “Deerat Al Oyoun” project was specifically built to cater to the needs of modern families, offering them housing opportunities with lower prices in a comfortable community. It is also characterized by its well-developed and modern infrastructure which connects it to other residential compounds and ensures easy access to a number of entertainment and service facilities. Moreover, they will benefit from being close to the Bahrain International Airport, the King Fahad Causeway, and other well-known destinations in the Kingdom of Bahrain.