Leading Bahrain bank Al Salam has signed an agreement with Eskan Bank to offer competitive property financing facilities to clients for the purchase of their dream homes within the Danaat Al Baraka development under Bahrain’s Mazaya social housing scheme.
A major residential project located in the Jannusan area, Danaat Al Baraka boasts 211 villas with a total built-up area of 234 sq m. All villas encompass comprehensive features designed to meet the needs of a modern family. Distinguished by four contemporary designs, each villa features four bedrooms, two living areas and equipped with the latest facilities.
As per the MoU signed with Eskan and the Ministry of Housing, Al Salam Bank will help facilitate the process of purchasing a villa in Danaat Al Baraka for eligible Bahraini citizens under the Mazaya scheme.
On the strategic deal, Al Salam Bank Bahrain CEO Rafik Nayed said: “The Mazaya scheme is a significant initiative that elegantly offers housing solutions to eligible applicants, and Al Salam Bank facilitates highly efficient and flexible financing processes, thus streamlining the delivery and handover of homes. We look forward to continuing our joint initiatives and active collaboration with the Ministry of Housing and Eskan Bank.”