Kuwait Finance House – Bahrain (KFH-Bahrain) signed a Memorandum of Understanding (MOU) with the First Bahrain Real Estate Development, the developer of El Mercado Village project in Janabiya, Kingdom of Bahrain. The agreement appoints the Bank as the escrow account agent and preferred financial partner, who will be providing a special financing rate to customers who purchase residential villas in the project, the prices range from BD 177,000 to BD 274,000.

El Mercado Village consists of 42 premium homes, which include 8 four-bedrooms standalone villas and 34 three-bedroom semi-detached villas, over one third of which are already sold. The project is adjacent to the upscale neighbourhood market, El Mercado Janabiya, anchored by an Alosra Supermarket offering residents and the surrounding region a range of cafes, restaurants, salons, pharmacy, and other services supporting a healthy and high-quality lifestyle. The signature development is located just north of the Sheikh Isa Bin Salman Highway, offering residents the fastest morning access to Saudi causeway or an easy ride home from Manama.

Available for viewing now by appointment, the show villa is open to interested buyers who will be inspired by the award-winning work of Impact Interiors. Designed by the award-winning Sanad Engineering. Construction progress has reached over 90%. 24 of the 42 homes are already completed with handover expected before Ramadan. Additionally, the official addresses for the homes have been assigned by the municipality.

Commenting on the signing, Amin Al Arrayed, CEO of First Bahrain Real Estate Development Co. stated, “We are very pleased by KFH-Bahrain’s support in providing Sharia’a compliant solution to finance the end-user and speeding the process of home ownership.”

KFH-Bahrain regularly seeks to partner with real estate developers to provide its customers with competitive access to real estate investments as part of its business strategy.