hrain, 17 February 2009: Taking its holistic and innovative approach to property solutions one step further, Sakana Sakana Holistic Housing Solutions today announced, as a part of its property consultancy venture, the launch of "Danat Al Busaiteen". This venture is the third under Sakana 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 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 Sakana , ed: "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 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.
-Ends- About Sakana Sakana Holistic Housing Solutions Sakana Sakana Holistic Housing Solutions commenced operations in December 2006 as a dedicated mortgage finance provider in Bahrain, offering a comprehensive range of Sharia'a-compliant mortgage products. Sakana Sakana 's holistic approach is paving the way for significant change in the Kingdom's mortgage market by making Islamic finance easier to understand and acceptable, as well as making it available to an ever-wider group of customers.
The company demonstrated significant growth in its first year of business and has broadened its holistic focus by adding property consulting and property development to its portfolio.
Sakana Sakana is a finance company regulated by the Central Bank of Bahrain and is a 50:50 joint venture between BBK and Shamil Bank.
Sakana Sakana Holistic Housing Solutions is an Islamic financial institution. As such, please refrain from using any of the following terms in reference to the company and its activities, and consider using instead our suggested preferred terminology below:
Terminology to avoid
Preferred terminology
Loan
Finance
Lender / Lending / Lend
Financier/Financing/Finance
Credit facility
Funding facility
Interest
Profit
© Press Release 2009 omar 1.1:zy
