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.
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.
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.
