Diyar Al Muharraq, Bahrain’s largest real estate developer, said it has entered into a joint agreement with Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, in Cityscape Bahrain 2024. 

 

Under this agreement, individuals interested in owning a completed villa under Phase 2 of Al Naseem will enjoy a grace period of up to 18 months, said Diyar Al Muharraq in a statement.

 

Homebuyers will also have the opportunity to purchase the villas at a profit rate of 5.75% with no down payment, alongside deferring their payments for up to a year and a half.

 

Additionally, interested buyers will benefit from an array of financing options presented by Khaleeji Bank to purchase any housing units available at Diyar Al Muharraq, it stated. 

 

They will also enjoy flexible repayment terms between 15 to 30 years, in addition to competitive annual profit rates starting at 3.99% and not exceeding 4.65%, with a down payment not exceeding 10% of the property value, it added.

 

On the deal, CEO Engineer Ahmed Ali Alammadi said: "We are pleased to be partnering with Khaleeji Bank, a leading financial institution, to provide exclusive real estate financing offers to customers who are looking to own one of our housing units. We hope this collaboration will enable citizens to obtain their dream homes."

 

Ameera Al Abbasi, Head of Retail at Khaleeji Bank, said it remained always dedicated to providing accessible and seamless real estate financing solutions that empower its customers to own distinguished residential units. 

 

"We are proud to collaborate with the best real estate development companies in Bahrain. It is truly a pleasure for us to partner with Diyar Al Muharraq, a company that provides exceptional residential units and embodies the vision of integrated and sustainable communities in Bahrain," she added.

 

Diyar Al Muharraq is the largest integrated residential city in Bahrain that offers a luxurious lifestyle while preserving traditional Bahraini family values. 

 

The project’s diverse range of housing options, combined with its commercial, recreational, and healthcare facilities, make it a highly desirable destination for modern and integrated urban living.