Kuwait Finance House–Bahrain has announced the launch of its financing offer for the last batch of villas in the third and fourth phases of the Deerat Al Oyoun project in Diyar Al Muharraq. The offer is available exclusively to valued customers benefiting from the Ministry of Housing’s Mazaya Social Housing Scheme.

KFH-Bahrain aims to launch offers intended at enhancing citizens’ lives by benefiting from the Mazaya real estate program, in cooperation with the Ministry of Housing and Eskan Bank. The bank offers several features to facilitate the customers’ ownership of their homes in the Deerat Al Oyoun project, with access to Shari’a-compliant financing of up to BD120,000, with competitive profit rates and a flexible repayment period of up to 30 years. In addition, customers will be exempted from the first down payment of additional financing covering the value of the property, as well as receiving free fire insurance throughout the financing period, with additional financing of up to BD12,000 to furnish the house.

The third and fourth phases in the Deerat Al Oyoun project contain 1,061 residential villas ready for immediate purchase, which are available in four designs including Bahraini, modern, Spanish and Mediterranean architectural styles, with a land area starting from 205 square meters and a building area starting from 227 square meters, which is expandable to each 268 square meters. The villas consist of four bedrooms, two halls, a kitchen, a living area, four toilets, indoor parking for two cars, a spacious back garden and a balcony.

Commenting on this occasion, Mr. Hamed Mashal, Head of Retail Banking at KFH–Bahrain said: “We are pleased to be providing easy financing offers on the last phases of the villas located in Deerat Al Oyoun, which include more than a thousand ready-made housing units, in order to provide distinguished opportunities for our valued customers to purchase social housing units under the umbrella of the Mazaya real estate financing program. Furthermore, we look forward to contribute in supporting the Kingdom’s efforts to meeting the growing demand for housing options that comply with Mazaya’s requirements, while facilitating the financing application procedures and providing customers with great advantages that bring them closer to owning their dream home.”

As part of the joint efforts to facilitate the move of customers to their new homes within these two phases, a partnership was concluded with a reputable and experienced maintenance firm to provide the gold package to all customers which includes maintenance for a full year, in addition to several retail stores specialized in electronics, furniture, electrical appliances and other household supplies. The Deerat Al Oyoun project has been specifically designed to meet the needs of the modern-day family, as it provides them with housing opportunity at affordable prices within a comfortable social environment. The project is characterized by a sophisticated and modern infrastructure linking the residential complexes, which also provides residents with quick access to a variety of service and recreational facilities, in addition to its close proximity to Bahrain International Airport, King Fahad Causeway and other major destinations in the Kingdom of Bahrain.