BBK, Bahrain's pioneer in retail and commercial banking, announced the signing of a Memorandum of Understanding (MOU) with United Tower, through which BBK will provide mortgage financing to the customers of the "Hanging Gardens of Dilmunia" project.
Announcing the strategic partnership, Dr. Adel Salem, BBK's General Manager of Retail Banking, said: "In our continuous efforts to provide our customers with the best services, we are pleased to enter into this partnership with United Tower, a reputable Real Estate company which has been in the business of developing a fully integrated projects, providing state of the art residential solutions which our customers can benefit from. In return, customers from all nationalities residing in the GCC who wish to own a property in "Hanging Gardens of Dilmunia" project will enjoy excellent repayment structures at competitive interest rates and loan terms from BBK".
Mr. Ahmed AL Qaed, the Chief Executive of United Tower, said: "We are delighted to establish this partnership with a renowned bank like BBK as we aim to provide the best residential and financing solutions at affordable prices for those who wish to own a property in the "Hanging Gardens of Dilmunia" project. With that, we are looking forward to many more collaborations with the Bank.
The Hanging Gardens of Dilmunia, which was constructed inspired by the Hanging Gardens of Babylon, offer residential apartments and villas with sea views, and along the canal of Dilmunia Island. Residents of the Hanging Gardens have access to the spa, advanced gymnasium, swimming pool and many other facilities available in the project and Dilmunia Island. The project includes apartments of various designs in addition to large balconies to spend the most beautiful times and enjoy the views.
Customers will be financed for a period of up to 25 years with a very competitive interest rate as part of our promotional offer. Additional cash in hand can also be obtained via personal loan to help cover the added costs that accompany the purchase of a new residential property. Early bird applicants will get the chance to win cash prizes of BD 500.
Customers who are interested to own a residential property in the "Hanging Gardens of Dilmunia" project are welcome to apply for a mortgage loan with BBK or contact 17207777.