BBK offers Mortgage Loans for CanalView Project

29 Aug 2023

BBK, Bahrain’s pioneer in retail and commercial banking, has announced an agreement with Naseej BSC (c) to provide mortgage loans for the CanalView project located in Dilmunia Island.

CanalView Project offers 246 luxury apartments available for freehold sale and lease.  The apartments available for sale are studio, 1,2,3 and 4-bedroom apartments overlooking a sweeping canal and main fountain. CanalView is ideal for families looking to purchase property in a quiet, secure, and private island setting giving tenants a very modern lifestyle coupled with amenities that serve their everyday needs.

Dr. Adel Salem, General Manager of Retail Banking at BBK, commented: “We are always eager to support the real estate sector, which is one of the most important segments of the local economy, by financing the ownership of housing that meets the needs and financial capabilities of the broadest segment of those wishing to live in or invest in new real estate projects in the Kingdom of Bahrain.”

“We would like to emphasize our faith in the present and future of the real estate projects that Naseej implements and express our pleasure at continuing our business relationship with one of the most renowned and significant real estate developers in the Kingdom,” Dr Salem added.

Mr. Mohammed Al Shaikh, Head of Investments at Naseej BSC stated: “Our agreement with BBK highlights the joint efforts between both entities to provide the CanalView project with a significant boost, enabling more citizens and residents of Bahrain and the GCC to acquire the apartment of their dreams, and allow them to enjoy a world of luxury and modern life.”

“The name “CanalView” comes from the distinctive water canal that features contemporary architecture and has come to distinguish the project from all other similar real estate projects,” added Al Shaikh.

He continued by saying that it offers a stunning view of the residential apartments as well as restaurants, cafes, and retail establishments next to a private walkway for athletes in a classy and lovely setting that combines comfort and recreation with a unique and comfortable place for the family to live.

BBK’s Mortgage Loans offer customers with competitive interest rates for up to 25 years, for Bahraini’s and non-Bahrainis, non-residents, in addition to Bahrainis who work outside Bahrain. Customers willing to purchase units at CanalView can contact BBK’s Sales team on 17207774.