BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island

04 May 2025

Bank of Bahrain and Kuwait (BBK), a leading retail and commercial bank in Bahrain, has partnered with Lulu Tourism Company, the main developer of Reef Island, to provide exclusive mortgage solutions for customers looking to own luxury residential properties.

Through this collaboration, BBK clients can access tailored financial solutions to purchase premium waterfront villas and apartments in the prestigious “Signature Villas” and “City of Water Residences” developments.

As part of this initiative, BBK offers competitive interest rates and flexible down payment options, making homeownership more accessible. The financing is open to all GCC residents, with a streamlined approval process tailored to make property acquisition quick and hassle-free, subject to standard terms and conditions.

“This collaboration underscores our commitment to providing customers with the best opportunities to own homes in Bahrain’s most prestigious real estate projects. We understand the importance of accessible financing, and through this partnership, we are offering exceptional rates and flexible repayment options to ensure our clients can invest in their dream homes with ease and confidence.” said Mr. Ahmed Taqi, General Manager of Retail Banking at BBK.

“We’re pleased to partner with Lulu Tourism Company to offer competitive interest rates and exclusive financing options for individuals and families looking to own a home in Reef Island. This collaboration helps enrich lives and provide stability. BBK will continue to be the top choice for home financing, leveraging our strong partnerships with leading real estate developers in Bahrain and the region,” Mr. Taqi added.

Mr. Rony Mouawad, Director of Real Estate and Owner representative of Lulu Tourism Company, also emphasized the significance of the collaboration.  “We are proud to partner with BBK, a trusted banking institution that shares our vision of making luxury homeownership more accessible. This partnership allows buyers to acquire fully integrated, luxurious residences on Reef Island with financing solutions that enhance affordability and peace of mind.” We are confident that this initiative will further enhance Reef Island’s appeal as one of Bahrain’s most desirable residential destinations.”

Reef Island is one of Bahrain’s most distinguished waterfront developments, known for its prime location and world-class amenities. The island features a selection of luxury residential buildings, private villas, upscale resorts, wellness centers, and fine dining options, offering an exclusive living experience. Additionally, the development includes multipurpose commercial spaces, making it a sought-after destination for both residents and investors.