Sakana launches "Danat Al Busaiteen" furnished apartments

This venture is the third under Sakana's property consultancy arm.

The 3-storey building located in Busaiteen, Muharraq will provide 16 luxurious 3 bed roomed apartments fitted to the highest standards ranging in size from approximately 120 Sq M to 157 Sq M on offer to Bahraini and GCC nationals - all at highly competitive and affordable rates. The project is expected to be completed by September 2009 and is being developed by a private developer. A fully furnished show apartment is ready for viewing.

Sakana's trained customer advisors will be on hand to explain the full details of "Danat Al Busaiteen" as well as Islamic mortgage finance options. Potential buyers can register their interest by calling 17 20 19 20.

Mr. R. Lakshmanan, CEO of Sakana, commented:

"Danat Al Busaiteen is our latest venture under our property consultancy arm. Located in Busaiteen we are confident of meeting the continuous and growing demands for affordable apartments primarily from Bahrainis. We believe this development will be of attraction to people who would like to live to closer to their families in Muharraq. Currently we are offering 80% mortgage housing finance for this development which has already generated a high level of interest."

"Danat Al Busaiteen" - which means Pearl of Al Busaiteen - is a completely furnished apartment building with 16 apartments fitted to the highest standards with modern Islamic and Italian style decoration. The building is equipped with elevator, central air conditioning and a dedicated car park. All units have 3 bed rooms in addition to a living and dining area.

Sakana's contribution to innovation and development within the Islamic mortgage finance sector was recognised when it recently received the accolade of the Best Islamic Mortgage Provider of the Middle East, at the International Real Estate Finance Summit 2008 held on 16-17 December in London.