Lifestyle, the developer of the Lifestyle project in Jeddah, has signed a partnership agreement with Saudi Holland Bank for the off-plan sale of the project, under which the bank will provide competitive real estate financing solutions for the project, following the first license of its kind by the Saudi Arabian Monetary Agency to provide financing products for off-plan sales.

The agreement provides the bank with financing solutions to enable its customers, who are eligible for the “Property Finance” program, to own residential units of villas.

The agreement provides the bank with financing solutions to enable its individual customers who qualify for the "Property Finance“ program to own residential units of villas and apartments under construction in the ”Diyar Al Salam“ project, which is located in the Al Salama neighborhood in the heart of Jeddah on an area of 9,595 square meters, and includes 140 residential units in 8 buildings built within a full-service residential oasis, equipped with various recreational and service facilities.

The agreement provides financing solutions through the bank to enable its individual customers who qualify for the "Property Finance" program to own residential units of villas and apartments under construction in the "Diyar Al Salam" project.

The project is considered one of the most prominent off-plan sales products and compliant with the provisions of Islamic Sharia, and adopts a competitive profit margin, in addition to the standard repayment period of up to 30 years, and the high financing ceiling up to 5 million riyals, in addition to a set of added benefits such as exempting the heirs from financing obligations in the event of death, exempting the customer in the event of total disability, as well as supporting the financing agreement with an insurance policy for the house against fires and natural disasters, and the possibility of giving the customer the right to rent the house during the financing period.

The project is one of the most prominent off-plan sales products and compliant with the provisions of the Islamic Sharia and adopt competitive profit margins.

On this occasion, a signing ceremony was held at the company's headquarters in Jeddah, in the presence of senior executives from both parties, led by Bandar Al-Samman, Head of Retail Assets at The Saudi Dutch Bank and Engineer Sultan Batterjee, President and Founder of Lifestyle, and a large number of senior figures and those interested in the banking and real estate sectors.

The agreement was signed at the company's headquarters in Jeddah.