The Housing Bank, the leading bank in providing housing real estate financing in the Kingdom of Bahrain, announced that a number of local banks launched special financing offers for citizens benefiting from the Mazaya Social Housing Program to purchase residential villas in the “Danat Al Lawzi” project. ...
Kuwait Finance House, Al Salam Bank, Bahrain Islamic Bank, Al Baraka Islamic Bank, Ithmaar Bank, Al Ahli United Bank, Bahrain and Kuwait Bank offer offers and easy financing facilities for citizens to own housing units in the "Danat Al Lawzi" project. The various offers of real estate financing offered on these villas give citizens the freedom to choose between these solutions and better complete the procedures for owning their homes within the project.
On this occasion, His Excellency Eng. Basem bin Yaqoub Al Hamar, Minister of Housing and Chairman of the Board of Directors of the Housing Bank, said: “We are proud of the distinguished contribution made by this elite of banking institutions in the Kingdom of Bahrain that seek to enable citizens benefiting from the“ Mazaya ”program to obtain easy financing to purchase residential villas. Social project presented by "Danat Al Lawzi". We also commend all the efforts made by these banks to support the housing sector and achieve the visions and goals of the Housing Bank, through which we look to meet the growing demand for social housing solutions for the Bahraini citizen. Accordingly, we renew our commitment to documenting cooperation frameworks with our partners in the banking sector, and we seek to continue this fruitful partnership to offer other future projects and initiatives in the interest of the Kingdom of Bahrain and its citizens.
On his part, Dr. Khaled Abdullah, General Manager of the Housing Bank said: “We are pleased to cooperate with our partners in the banking sector to provide various offers on real estate financing for“ Danat Al Lawzi ”homes, and we honor the effective role of this partnership in facilitating the procurement process for Bahraini citizens who benefit from the“ program ” Mazaya »and their contribution to owning their own homes. The Housing Bank continues its commitment to provide the best affordable financing solutions to ensure that Bahraini citizens obtain suitable housing for themselves and their families. From this standpoint, we look forward to continuing our cooperation with Kuwait Finance House, Al Salam Bank, Bahrain Islamic Bank, Al Baraka Islamic Bank, Ithmaar Bank, Ahli United Bank, Bank of Bahrain and Kuwait and other banks to support the Kingdom's efforts in the housing sector and achieve the requirements and aspirations of our customers together. ”
The "Danat Al Lawzi" project contains 303 residential villas designed in seven different designs, including attached villas, semi-detached villas and corner villas. The land area of the villas ranges between 177 square meters and 360 square meters, while the building area ranges between 232 square meters and 250 square meters. All "Danat Al Lawzi" villas include four bedrooms, including two master bedrooms with attached bathroom. It also includes a majlis, a hall, two kitchens, one internal and the other external, three bathrooms, a garage that can accommodate two adjacent cars and a room for domestic workers with a connected bathroom. Villa prices start from 110,000 BD and are exclusively available to Mazaya Social Housing beneficiaries.