Abraj Al Lulu is Bahrain's largest private sector freehold residential project and BBK will be the lead financers for the entire project. BBK has already opened a representative office at the sales center of Abraj Al Lulu to facilitate the mortgage loan facility.

Commenting on the significance of the agreement, Mr. Mohammed Dadabhai, Chairman of Pearl Real Estate Development Company, said: "Our partnership with BBK, a leading regional bank, for mortgage loans will enable investors to avail world-class home financing. The agreement is also in line with our aim of enhancing financing options for property acquisitions in the Kingdom of Bahrain."

Under the terms of the agreement, Bahrainis, other GCC nationals and expatriates would be offered BBK's innovative home financing product. The mortgage loan product has been structured in such a way that the credentials to acquire a loan have relatively new features such as low salary requirements and highly competitive interest rates, translating in smaller EMIs.

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