<\/p>\n
Lifestyle, the developer of the Lifestyle project in Jeddah, has signed a partnership agreement with Saudi Holland Bank for the sale of the project off-plan, under which the bank will provide real estate financing solutions with competitive advantages dedicated to the project, following the bank's obtaining the first license of its kind by the Saudi Arabian Monetary Agency to provide financing products for off-plan sales.<\/p>\n
The agreement provides the bank with financing solutions to enable individual customers who qualify for the \u201cProperty Finance\u201d program to own residential units of villas and apartments under construction in the \u201cDiyar Al Salam\u201d project, which is located in 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.<\/p>\n
The project is one of the most prominent off-plan sales products and is Sharia-compliant, with a competitive profit margin, in addition to the standard repayment period of up to 30 years, the high financing ceiling up to SAR 5 million, in addition to a set of added benefits such as exempting heirs from financing obligations in the event of death, exempting the customer in the event of total disability, supporting the financing agreement with an insurance policy on the house against fire and natural disasters, and the possibility of granting the customer the right to rent the house during the financing period.<\/p>\n
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 Holland Bank and Engineer Sultan Batterjee, President and Founder of Lifestyle, and a large number of dignitaries and those interested in the banking and real estate sectors.<\/p>","protected":false},"excerpt":{"rendered":"
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