From today potential investors and end-users in The Lagoon Bahrain, which offers the first opportunity in the Gulf to own top-flight stores, restaurants and leisure venues, will be eligible to apply for mortgages with both Khaleeji Commercial Bank and Bahrain Islamic Bank.
Fraser said: "I am confident we have selected the best partners for what is a very special opportunity for prospective buyers of units at The Lagoon Bahrain.
"We felt investors should have the opportunity to choose between mortgage providers and their products and the packages on offer from these two trusted institutions provided the best value."
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The Lagoon Bahrain banks on Khaleeji Commercial Bank and Bahrain Islamic Bank
- United Arab Emirates: Monday, October 02 - 2006 at 14:20
- PRESS RELEASE
Nicholas Fraser, Executive Director of Real Estate at Abu Dhabi Investment House, developers of Bahrain's landmark retail and leisure development on Amwaj Island, today signed strategic partnerships with two banks to ensure choice for potential investors.
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Notes and media contacts
www.thelagoonbahrain.comFor further media information contact Euro RSCG Furness for Abu Dhabi Investment House contact Ian Hainey on +971 50 466 1368.
AT A GLANCE
Located on Amwaj Island, off the coast of Muharraq, in Bahrain.
A lively waterfront promenade of top-flight retail and restaurants.
Visitors will have a wide range of outlets to choose from, overlooking magnificent views with easy accessibility for cars and ample parking space.
The total land area is composed of 55,500 square meters comprising eight low-rise buildings, boasting a variety of top-flight shops & restaurants.
The Lagoon will be sold on a full ownership basis to both GCC & Non-GCC investors.
The Lagoon will be completed by September 2007.
A US$ 90 million investment.
The Lagoon will offer new definition to quality lifestyles through its design and full ownership stores and restaurants.
A landmark that has been designed to match the needs of residents of Amwaj Island and visitors.
Posted by Lara Lynn Golden, News EditorMonday, October 02 - 2006 at 14:20 UAE local time (GMT+4)
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