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      Home Industry Banking & Finance Bahrain Marina, Khaleeji Bank to establish escrow account for luxury residential units

      Bahrain Marina, Khaleeji Bank to establish escrow account for luxury residential units

      Bahrain Marina and Khaleeji Bank escrow account
      Image Courtesy: Bahrain Marina | Cropped by GBN
      Wed, 27 Nov, 2024 By Arya M Nair, Content Head
      • Follow author on

      Bahrain Marina Development has partnered with Khaleeji Bank, a leading Islamic bank in Bahrain, to establish an escrow account to facilitate purchases and investments in luxury residential units within the Bahrain Marina Residence project.

      Establishing the escrow account aligns with Bahrain Marina’s commitment to fostering customer trust and transparency. By providing a secure and transparent framework for real estate ownership and investment, the company aims to ensure the highest level of financial protection.

      Yusuf Althawadi_Bahrain Marina and Khaleeji Bank collaboration
      Yusuf Althawadi
      MD – Bahrain Marina

      “This partnership with Khaleeji Bank is a crucial step in our mission to deliver reliable and secure real estate services to our valued customers. The establishment of the escrow account reinforces our commitment to transparency and trust by ensuring secure financial management and safeguarding the rights of all parties involved. This initiative aligns with our efforts to provide solutions that support the ownership and investment process in the Bahrain Marina Residence project, a premier destination for contemporary, upscale living.”

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      Ahmed Mohamed Burashid, Head of Corporate Banking and Debt Capital Markets at Khaleeji Bank, stated that, “We are delighted to partner with Bahrain Marina on this important initiative. The establishment of the escrow account reaffirms our commitment to supporting the Kingdom’s real estate sector and providing innovative services that meet the aspirations of our customers, whether they are seeking investment opportunities or their dream home.”

      The residential units at Bahrain Marina are renowned for their contemporary design and prime waterfront location east of the capital, Manama, making them an ideal choice for those seeking a high-quality living or investment opportunity. These properties offer breathtaking sea views and luxurious finishes that reflect the highest quality standards.

      The project provides a diverse range of apartment sizes to cater to individual and family needs, ensuring privacy and luxury within an integrated environment that enhances quality of life.

      Important | Dubai-based FOO partners with eNovate to digitally support fintechs

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      • Escrow account for luxury residential units
      • Establishment of the escrow account
      • The Bahrain Marina Residence project
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        Arya M Nair
        Arya M Nair
        Ms. Arya M Nair, Content Head at GCC Business News compiled and corroborated this article. She holds a Master's in Communication And Journalism.
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