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MARINA WEST SIGN DEAL WITH AHLI UNITED BANK TO OFFER MORE OPTIONS FOR HOME BUYERS
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Finance options allow for more variety when purchasing at Marina West
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Mr. Mahmood Janahi, Managing Director of Marina West Real Estate Company (left) and Mr. Abdulla Al-Raeesi, Deputy Group CEO of Ahli United Bank (right) at the signing ceremony held at Marina West’s headquarters.
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Bahrain 30 May 2007: Marina West and Ahli United Bank have today signed a memorandum of understanding, which will allow Bahraini’s and expatriates to purchase homes at the Kingdom’s premier beachfront development. The deal comes as part of Marina West’s initiative to offer varied finance options to the public, making a marina lifestyle accessible to everyone.
The signing ceremony, held at Marina West’s headquarters in NBB Tower, was attended by Abdulla Al-Raeesi, Deputy Group CEO of Ahli United Bank and Mr. Mahmood Janahi, Managing Director of Marina West Real Estate Company.
As part of the deal, AUB is offering long term mortgage facilities for Bahraini’s, expatriates and GCC nationals. Marina West buyers choosing AUB mortgage loans will benefit from affordable instalments, as well as some of the lowest arrangement fees available in the market and attractive interest rates.
Mr Mahmood Janahi, commenting on the agreement, said: “Ahli United Bank has a strong history in the Kingdom, and an excellent reputation in the wider Middle East, which is why Marina West are pleased to be able to offer our buyers finance options from AUB. With the introduction of these mortgages, customers of any nationality can purchase a home in Bahrain and benefit from the tranquil beachfront lifestyle that Marina West offers.”
“The real estate market in Bahrain is booming, and our reputation as a tourism hub is following suit – Marina West aims to contribute to this reputation by creating a beachfront community that is truly unique in the Kingdom. This latest financing move further demonstrates our vision to have no limits on who can buy a property in Marina West, with AUB’s mortgages allowing interested buyers the opportunity to own a luxurious piece of property at a reasonable price.”
Mr. Al-Raeesi commented, “We are pleased to be associated with a pioneering and unique project like Marina West. We have tailored our mortgage options to make them as accessible and affordable as possible in keeping with AUB’s philosophy of providing banking products and services to a wide section of society.”
“We currently have a strong regional economy which is experiencing rapid growth in the real estate sector; therefore we recognise the need for our finance options to be extremely competitive - with a choice of tenure durations, flexible interest rates and low down payments.”
As Bahrain’s first and unique gated high rise residential beachfront community, Marina West will be set in tranquil and idyllic surroundings on the Kingdom’s west coast. In addition to breathtaking views, residents will be able to enjoy comprehensive recreational facilities and entertainment as well as the convenience of an extensive and high quality retail offering.
Marina West’s 1, 2, 3 and 4 bedroom freehold apartments, duplexes, simplexes and penthouse suites begin at a price of BD 47,000 with floor space ranging in size from 92 to 447 square metres.
More information on Marina West is available by contacting the sole agent for the development, Asteco Property Management on telephone number +973 17 690808 or by visiting www.marina-west.com.
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Sales Agent:
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Mortgage Providers:
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| To find more visit www.marina-west.com or call +973 17 690808 |
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