Bahrain real estate market ‘among best in the region’

17/04/2016 08:28 AST

Bahrain’s real estate market is among the best in the region, according to a top official. Bahrain Property Development Association (BaPDA) chairman Aaref Hejres said this as he led a delegation to Riffa Views.

He went on to say that the real estate market in the kingdom is progressing steadily and attracting new investors.

He added that the Bahraini property market has all the credentials to succeed and retains the confidence of investors.

The delegation comprised Mr Hejres and several members, including owners of real estate companies, real estate developers or their representatives. They were welcomed by Riffa Views managing director Yasser Alraee, Riffa Views Owners’ Association general manager Ali Zubari and other officials.

Mr Alraee briefed the delegation on the Riffa Views’ three estates – the Oasis, the Lagoons and the Parks – and highlighted the implementation stages of the project, including the final phase in which the remaining villas of the Parks Estate are being completed.

The Riffa Views’ experience in establishing the owners’ association and the members’ participation in the management of their community since 2012 through an elected board of directors was also reviewed.

The delegation toured the Riffa Views development which included a visit to a recently completed villa and were given details of the project’s facilities, design and construction.

Mr Hejres said that “Riffa Views is among the most distinguished real estate projects in the kingdom,” lauding the design and the implementation of previous phases of the project. “The Riffa Views project is the first of its kind in Bahrain regarding green spaces and wonderful views on golf courses, as well as its strategic location in the heart of the kingdom,” he added, affirming the real estate sector is proud of such outstanding projects.

Mr Alraee said “Riffa Views is keen to interact with various real estate developers and companies in the kingdom.” He lauded the significant contributions of BaPDA to the efforts to develop the real estate sector in the kingdom.

BaPDA promotes the real estate sector in the kingdom and assists real estate operators to adopt best business practices. It also liaises with government entities to formulate policies relating to the real estate industry, and recommend ways to meet the needs of the private sector in Bahrain.

Gulf Daily News