Sakana Holistic Housing Solutions has signed a Memorandum of Understanding with Porta Reef, a development by Abu Dhabi Investment House.

Under the MoU, Sakana will become a preferred Islamic mortgage provider for the luxury development of three 10-storey residential towers located on Reef Island, the company said in a statement.

As a preferred mortgage provider, Sakana will offer its unique and innovative range of Sharia'a-compliant products and services in order to facilitate the purchase of apartments in the Porta Reef development to buyers of all nationalities from Bahrain, the GCC and the wider international community.

Sakana and Porta Reef will be working closely to make the dream of living in Porta Reef, an idyllic location on the southern part of Reef Island with sea views over the Gulf, a reality, said Porta Reef chairman Fawaz Ali Al Jowder.

“Sakana’s mortgages will allow more people to access our quality lifestyle, overlooking the azure seas of the Gulf, strategically located for access to the city and major road networks,” he said.

“Our innovative mortgage solutions and customer focused service make sure that buyers feel confident in purchasing a property using mortgage finance. The company’s growing range of financial solutions for homeowners mean that more people can now enjoy an island lifestyle in this community which will add a new dimension to city living,” said Sakana chief executive officer R Lakshmanan. – TradeArabia News Service