Bahrain Marina Development has partnered with Khaleeji Bank, a leading Islamic bank in Bahrain, to establish an escrow account. This significant step aims to facilitate purchases and investments in luxury residential units within the Bahrain Marina Residence project.
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The establishment of the escrow account aligns with Bahrain Marina’s commitment to fostering customer trust and transparency. By providing a secure and transparent framework for real estate ownership and investment, the company aims to ensure the highest level of financial protection.
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Yusuf Althawadi, Managing Director of Bahrain Marina, commented on the agreement, stating, “This partnership with Khaleeji Bank is a crucial step in our mission to deliver reliable and secure real estate services to our valued customers. The establishment of the escrow account reinforces our commitment to transparency and trust by ensuring secure financial management and safeguarding the rights of all parties involved. This initiative aligns with our efforts to provide solutions that support the ownership and investment process in the Bahrain Marina Residence project, a premier destination for contemporary, upscale living.”
Ahmed Mohamed Burashid, Head of Corporate Banking and Debt Capital Markets at Khaleeji Bank, stated, “We are delighted to partner with Bahrain Marina on this important initiative. The establishment of the escrow account reaffirms our commitment to supporting the Kingdom’s real estate sector and providing innovative services that meet the aspirations of our customers, whether they are seeking investment opportunities or their dream home.”
The residential units at Bahrain Marina are renowned for their contemporary design and prime waterfront location east of the capital, Manama, making them an ideal choice for those seeking a high-quality living or investment opportunity. These properties offer breathtaking sea views and luxurious finishes that reflect the highest quality standards. The project provides a diverse range of apartment sizes to cater to individual and family needs, ensuring privacy and luxury within an integrated environment that enhances quality of life.
About Bahrain Marina
Bahrain is the only island nation in the Middle East with naturally open borders and an easy island lifestyle that has attracted and welcomed visitors for thousands of years. Bahrain is home to a fun, friendly and well-connected society that enjoys an easy lifestyle with a rich heritage and sea-based culture.
Overlooking the Arabian Gulf’s crystal blue waters, Bahrain Marina links Manama’s business hubs, traditional souqs, touristic and cultural districts. Bahrain Marina is designed to be a beautiful waterfront offering with limitless possibilities for each and every individual.
Bahrain Marina is a place where people can strengthen their relationships with their community and reinforce their social and professional connections. From GCC travellers parking their yachts, to residents shopping and dining at their doorstep, tourists enjoying a beachside staycation and scheduled seaside business lunches, Bahrain Marina seamlessly connects business, leisure, residence and tourism, making life by the water far more practical, accessible and meaningful to everyone.
About Khaleeji Bank
Khaleeji Bank is a leading Islamic bank in the Kingdom of Bahrain. Established in 2004, the bank has gained a well-acclaimed reputation in the field of Islamic banking. With the loyalty and trust of its shareholders, investors, and clients, Khaleeji Commercial Bank has achieved key milestones over the years. The bank strives to be a leader in local and regional Islamic banking as it is listed on the Bahrain Bourse and Dubai Financial Market.
It also offers innovative and high-quality products and services to its clients. The Board of Directors of the Bank is composed of recognised veterans and prominent personalities in the field of banking. The managerial team consists of a group of banking experts and professionals. There also exists a Shari’a Supervisory Board comprised of specialised jurists prominent both within the region and around the world. The Supervisory Board regularly oversees the bank’s compliance, workflow, and activity guidance, ensuring adherence to the principles and provisions of Islamic Shari’a.
