Signing a memorandum of understanding (MoU) with the developers of Fontana Towers in Juffair, Sakana Holistic Housing Solutions will provide Sharia-compliant home finance to end users.
This agreement will allow Bahrainis and non-Bahrainis to own a luxury home in Fontana Towers, a residential freehold tower consisting of 400 apartments and penthouses.
Sakana will offer attractive home finance packages up to 90 per cent of property value with finance term up to 30 years and maximum finance restricted to BD350,000.
It will also provide home financing to customers of all nationalities residing in Bahrain, the GCC and outside GCC subject to terms and conditions.
"We are pleased to partner with Fontana Towers, which has set a new benchmark for property development in Bahrain," said Sakana chief executive R Lakshmanan.
"Our partnership with Fontana Towers was a natural choice as we are both dedicated to quality and innovation."
Designed as four interconnected skyscrapers, Fontana Towers consists of 400 freehold apartments - studios, one, two and three bedroom apartments and exclusive penthouses.
"Sakana is the ideal partner to provide our valued customers with mortgage finance options and we are glad to conclude this arrangement now as the Fontana Tower is ready for handover," said partner in the developers Abdulghaffar Al Kooheji.
"Despite tough market conditions we have successfully completed this high quality residential freehold development without compromising on its facilities.
For more information visit Dubai real estate
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