Diyar Al Muharraq
Press Releases
Manama, Bahrain – 1st October 2026: Diyar Al Muharraq, the leading real estate development company in the Kingdom of Bahrain, has signed a Memorandum of Understanding (MoU) with Al Baraka Islamic Bank to provide innovative financing solutions for those wishing to own residential plots within Al Nuzha. The agreement was signed during the Innovation Summit in the Social Housing Sector 2026, organized by the Ministry of Housing and Urban Planning and Eskan Bank, in cooperation with the General Secretariat of the Gulf Cooperation Council (GCC).
This partnership reflects Diyar Al Muharraq and Al Baraka Islamic Bank’s commitment to supporting national initiatives focused on providing diverse housing solutions and enabling homeownership through flexible and accessible financing options, thereby contributing to sustainable urban development and the growth of the Kingdom's real estate sector.
The signing ceremony was attended by Mr. Ali Khalil Al Derzi, Head of Branches and Sales at Al Baraka Islamic Bank and Mr. Mohamed Ghaleb Al Mahmood, Head of Sales at Diyar Al Muharraq, alongside representatives from both parties. Under the agreement, Al Baraka Islamic Bank will offer financing solutions for those wishing to own residential plots within Al Nuzha.
Strategically located within the Northern Islands, Al Nuzha offers an integrated living environment delivering a high standard of living within a thoughtfully designed and vibrant community. The project includes plot sizes ranging from approximately 240 to 371 square meters, with prices starting from BD 77,662, providing options that meet various housing needs and aspirations.