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Bahrain-based Sakana Holistic Housing Solutions, the Islamic mortgage finance provider, has announced that Danat Al Busaiteen the fully-furnished residential apartment building in Busaiteen has been completed ahead of schedule by nearly two months.
The project, scheduled for delivery in September, was launched by Sakana as part of its property consultancy venture originally for sale, but has now been rented due to prevailing market conditions.
'Danat Al Busaiteen' which means the Pearl of Al Busaiteen, is a three-storey building providing 16 luxurious three-bedroom apartments fitted to the highest standards, ranging in size from approximately 120 sq/m to 157 sq/m.
Sakana Holistic Housing Solutions, a 50:50 joint venture between BBK and Shamil Bank, commenced operations in December 2006 as a dedicated mortgage finance provider in Bahrain, offering a comprehensive range of Sharia-compliant mortgage products.
It is a finance company with paid up capital of BD20 million, regulated by the Central Bank of Bahrain.
