BBK offers competitive mortgage financing for interested purchasers of properties in “Jeyoun”

19 Apr 2012

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BBK, Bahrain’s pioneer in retail and commercial banking, signed an agreement with ALARGAN Bahrain to provide mortgage finance to ease the process of payments for clients interested in purchasing property in ALARGAN Bahrain’s latest real estate project, “Jeyoun”. The project’s units were first introduced for sale in January 2011 as part of the strategy of the company in providing innovative housing solutions in the Kingdom for the middle income segment. The units in the projects are now ready for handover.

The project is comprised of 82 townhouses consisting of 3 bedrooms each in addition to 2 living rooms and a domestic servant’s room. The built up areas range between 160-229 square meters distributed across 2 floors and a car park. In addition, the townhouses come with superb interior and exterior design to specifically cater to all the needs of the Bahraini family. The project is located just behind the Aqua Park on the Sheikh Isa bin Salman Highway and is only about 15 minutes away from the Bahrain International Airport and seven minutes away from Manama.

On this occasion, Mr. Axel Hofmann, BBK’s Assistant General Manager of Retail Banking stated that: “BBK ensures that it provides mortgage loans at very competitive and flexible terms and pricing to suit all kinds of its customer needs and to help make their dreams of owning a home a reality. BBK has hence made numerous agreements with most of the real estate projects and developers in the Kingdom Bahrain including “Jeyoun” to ease the process of owning a home, providing variety of choice and catering to all the needs of the middle income segment and other segments. The Bank has also ensured that it establishes a dedicated Real Estate department in the Retail Banking Division consisting of real estate sales consultants and an external sales team to ease the process of obtaining finance and owning a home.  In addition to mortgage finance, BBK provides comprehensive insurance solutions for homes and life insurance for the loans under the “Secura” range of products to cater to all the needs of the clients under one roof in BBK.” For more information on mortgage loans, please contact BBK on 17207777 or email [email protected]

On the other hand, the General Manager of ALARGAN Bahrain, Mr. Khalil Saleh announced that: “Despite the hard circumstances that the Kingdom has gone through recently, we have ensured that we have fulfilled our promises to our clients in having the residential units ready for handover in the specified time. The company will also soon start constructing the commercial and retail area of the project named “Jeyoun Al Qarya” as we believe and strive to offer a complete project where the entire Bahraini family can spend an enjoyable time and pursue all sorts of leisure and entertainment activities in.”

Those who are interested in purchasing a property in “Jeyoun” may visit the show villas now in the project in the area of Bugowa adjacent to Sheikh Isa bin Salman Highway towards the Kingdom of Saudi Arabia. The project website also provides more information on the project.

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