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Real Estate Investment firm, RealCapita, has signed an exclusive agreement with Reef - Real Estate Finance Company to provide mortgage financing solutions to RealGardens unit buyers, the luxurious residential compound in theAl Jasra area.
This is the second agreement signed by both parties following the success of their inaugural arrangement that was signed to provide mortgage financing to Amwaj Gateway unit buyers, a deal which cemented the relationship between the two companies.
The signing ceremony held in Reef's offices was attended by representatives of the two companies and established a commitment to provide a new service to RealGardens buyers, the first residential project in Bahrain that provides freehold units for sale.
Hassan Al Mansoor, vice-president of finance, said the company "changing the face" of the urban North West region of Bahrain, with "one of the finest" residential developments in Bahrain.
RealGardens consists of 47 luxury villa in four different design types: Spanish, Moroccan, Tunisian, and Tuscan.
The project also includes a number of common facilities such as a golf and tennis club, health and social centre, plus an artificial lake that covers 70 per cent of the project area. The construction will be completed in 21 months.
Mahmood Al Koofi, Reef's chief executive officer, added that the development was characterised by a unique design that matches the "highest levels of quality, a superior location, and a range of amenities with highly competitive prices to deliver one of Bahrain's most hospitable gated communities".
