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Ajman Real Estate Delegation Lauds Riffa Views Experience

- 12 March 2016 -
Ajman Real Estate Delegation Lauds Riffa Views Experience Riffa Views Managing Director Mr. Yasser Abdulrahman Al-Raee has received a delegation from the Ajman Real-Estate Regulatory Authority (ARRA), led by its Executive Director Mr. Yafea bin Eid Faraj, in the presence of a number of officials. The ARRA delegation’s visit aimed to be informed about the experience of Riffa Views as a successful model in reaching a consensual action plan to complete the project.
Al-Raee welcomed the members of the visiting delegation and wished them a happy stay in their second country, the Kingdom of Bahrain. He then highlighted the implementation stages of the project, including the first phase which started 2006, and the last regarding the completion of the Parks Estate.
He reviewed with them the Riffa Views’ experience in establishing an elected Homeowners’ Association. He said that the residents had elected their representatives in the panel directly in two elections, held in 2012 and 2014, noting that members of the association are in charge of all services and facilities in the complex, which, he said, is the first experience of its kind in similar projects in the Kingdom of Bahrain. 
Highlighting the stages of the establishment of the elected Owners’ Association, Al-Raee said that since the first batch of villas was delivered to owners in 2008, and until 2012, the project developer used to bear the expenses of management and provision of services, and fees on those services used to be collected directly from owners. In 2010, the project developer established an advisory board comprising villa owners, as a means to gradually introduce and activate the idea of the Owners’ Association.
The ARRA delegation expressed admiration for the advanced level of the complex, and praised the action plan that had been reached to complete such a vital project.
The Riffa Views Managing Director expressed sincere thanks and appreciation to the Deputy Premier and Chairman of the Ministerial Committee for Urbanisation and Infrastructure HH Shaikh Khalid bin Abdulla Al Khalifa for his cooperation during the company’s negotiations with creditors and his efforts that helped reach a final agreement that satisfied all parties in order to complete the project.  He also praised Shaikh Khalid’s support to the project in order to set an example in ways to address stalling real estate development projects.
Al-Raee expressed utmost thanks to the visiting delegation, affirming the importance of exchanging visits between real estate projects across the countries of the Gulf Cooperation Council to share successful experiences.
The Riffa Views is among the most prestigious residential complexes in the Kingdom of Bahrain. Riffa Views is committed to the highest luxury standards through its unique three residential estates, the Lagoons, the Oasis and Parks, each individually themed and including multiple facilities and wide open spaces. They overlook green spaces in which golf is practised. Riffa Views not only provides a luxurious lifestyle, but also ensures all requirements of living in a flourishing district.

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