Property Weekly

Oasis Estate construction completed

November 10 - 16, 2010
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Construction of villas located in the Riffa Views' Oasis Estate is complete. Contractor PCC-Terna has now built 350 villas in Oasis and Lagoons Estates, and overall, the number of completed villas in the project represents more than 50 per cent of the total for the development.

Following the completion of villa construction in the Oasis estate, the focus will now switch to landscaping within the zone, as well as completion of the remaining villas elsewhere in the development.

Once normal pre-delivery checks have been completed, final handover of all Oasis villas to homeowners is projected to occur by the end of this month.

Yasser Abdulrahman Al Raee, managing director of Riffa Views, said: "Completion of the construction of the Oasis Estate is another important milestone for Riffa Views as we progress towards our goal of creating Bahrain's first golf residential development.

"We would like to recognise the dedication and commitment of our contractor, Terna, and the efforts they have made in achieving today's milestone. We are now working to duplicate the progress achieved in the Oasis Estate throughout the development and are finalising negotiations with contractors to complete the outstanding construction."

Dimitrios Xoudis, country manager Terna added: "Everybody recognises that residential development projects have faced numerous challenges over the last two years, which makes the achievement of this milestone particularly satisfying.

"We have worked closely with the team at Riffa Views to maintain progress within the project and developed a very constructive and transparent relationship to meet and overcome the challenges we faced."

Arcapita formed a joint venture with Bahrain International Golf Company to execute the development. The 1,056 villa project comprises three distinct signature estates, a Colin Montgomerie championship golf course, an international school and state-of-the-art facilities and amenities.







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