Diyar Al Muharraq signs Memorandum of Understanding with KFH-Bahrain


Diyar Al Muharraq, one of the leading urban developers in the Kingdom of Bahrain, announced the signing of a Financing Agreement with Kuwait Finance House-Bahrain (KFH-Bahrain), that will facilitate the purchase of residential units in Al Bareh, of both the Plots and Villas that are still available for sale, by prospective owners.

The signing of the Memorandum of Association took place between the Chief Executive Officer of Diyar Al Muharraq, Dr. Maher Al Shaer, and the Managing Director and Chief Executive Officer of Kuwait Finance House-Bahrain, Mr. Abdulhakeem Y. Al-Khayyat, in the presence of high-level officials from both sides. According to the stipulations of the Agreement, Kuwait Finance House will provide financing facilities to prospective customers who wish to purchase the properties in the Al Bareh Project that have not yet been sold.

Al Bareh is one of the leading projects in Diyar Al Muharraq. It is a sophisticated residential community situated in a prime location on the west of the master-planned development, granting inhabitants with both a majestic seafront view and a prime view of the main canal. The Project offers both plots with different sizes as well as luxurious villas with a variety of designs to suit different tastes and needs, making it an ideal choice for a wide range of clientele.

Speaking on the occasion, the Chief Executive Officer of Diyar Al Muharraq, Dr. Maher Al Shaer said: “It is indeed a pleasure to witness the signing of this agreement today which reiterates the high priority that we have given to both one of our most prominent residential projects and to catering to the financial requisites of prospective homeowners within the development. And to be able to partner with a financial institution that is as distinguished as KFH-Bahrain is an immense benefit to both us as a Company and to those who wish their properties to be financed.”

“Upon completion, Al Bareh is poised to make a substantial impact on Diyar Al Muharraq as a whole by augmenting its expansive range of residential offerings and to have an institution such as KFH-Bahrain, which is at the forefront of the Banking and Finance Industry in the Kingdom of Bahrain, finance the sale of its properties, guarantees delivery on the promise of success that it holds. We are therefore, delighted to be a part of this grand venture and look forward to a bright future,” he added.

Diyar Al Muharraq seeks to provide modern residential solutions suitable for different segments of the community, and it reflects this commitment through the freehold villas that it offers within the Al Bareh project. The Villas are built on seafront plots of two types, ‘El Bahar 1’ and ‘El Bahar 2’, while the ‘Dareen’ and ‘Es’hail’ models are built on the Project’s inner plots. Each of these villas has different features, characteristics and sizes designed to meet the needs of a wide range of clients. All these villas incorporate the latest smart home technologies to allow end-users to seamlessly manage, control and monitor homes.

The Al Bareh seafront villas, ‘El Bahar 1’ and ‘El Bahar 2’, have plot areas that are approximately 800m²-940m² , while the inner villas plots, called ‘Dareen’ and ‘Es’hail’, are approximately 460m²-640m².

Diyar Al Muharraq is a unique master planned city for the people of Bahrain offering range of housing options and quality lifestyle. Diyar Al Muharraq offers a cohesive mix of residential and commercial properties with a strong line up of projects aimed at creating a long term and sophisticated township.

SOURCE: BizBahrain


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