The signing of a preferred Islamic mortgage provider agreement between Sakana Holistic Housing Solutions and Al Saraya properties is set to further accelerate sales in the highly popular Amwaj Islands development by offering property buyers ready access to mortgage advice and finance. The deal will build on the developer’s strong sales record to date across its wide property portfolio enabling more buyers to enter the market by taking advantage of Sakana’s financial expertise and innovative range of mortgage products

Under the agreement, Sakana will provide convenient and rapid finance approval for the steady stream of potential buyers interested in one of many developments under the Al Saraya umbrella including the recently completed Al Marsa Floating City in Amwaj Islands. In addition, by offering a number of innovative mortgage options – including up to 90% financing over a maximum 30-year repayment term – Sakana will enable buyers to capitalize on purchasing power.

Mr. R. Lakshmanan, CEO of Sakana, said: ”Sakana is forging strategic partnerships with property developers such as Al Saraya as a means of facilitating the home buying process. This demonstrates our overriding emphasis on simplicity in processes and product offerings. We have also opened up the property market to previously excluded groups by offering mortgages to Bahraini nationals, expatriate residents, GCC residents and international buyers.”

Mr. Yasser Al Sharrah, General Manager of Al Saraya Properties Co. WLL, said: “Our success in Al Marsa Floating City has been followed by strong demand for our other projects in Amwaj – Saraya Al Bahar, Meena 7, Palm Beach, and the Dragon – as well as in Sanad and Saar. Buyers will have an added incentive to purchase our properties if a ready path to mortgage finance is available so we are confident that our partnership with a respected financial provider such as Sakana will further enhance our sales.”