With so many ‘dream homes’ being built in Bahrain at some point it becomes prudent to ask, “how will I pay for one?” Reef says the answer is as easy as A-Z.

Mahmood Al Koofi , CEO at Reef - Real Estate Finance Company, describes the company as a ‘keystone entity’ which means that, as he explained, “we always aim to work with a wider strategic intent and sphere of influence. It means that beyond a drive to provide high returns to our shareholders, we are also driven by strategies that we hope will promote the health of the business community. It also translates into our belief in value sharing, with both our partners and our clients.

Essentially, Reef has set out its stall to be the go-to place for anyone looking to purchase property in Bahrain, and it would appear it has chosen to do so in a unique manner. “Reef is very clear on where its strength lies,” Mr Al Koofi said. “We are not developers and we are not real estate brokers, though we do have very close ties with both. Our job, and our strength, is in bringing everything together; the property, the buyer, and the seller and to provide finance so that one can benefit from the other.” These ‘close ties’ in the industry date back to the company’s 2005 inception when a portion of the collective coffers of some of the regions biggest developers and financial players were united to form the capital now being managed under the Reef marque.

Reef’s shariah compliant financing products are offered to Bahrainis and expatriates, resident in any GCC country. Reef’s purpose is to guide prospective buyers through the maze of financing and legislation associated with purchasing a property. “Everything we do is focussed on the customer, with the end goal in every case being a satisfied client who is handed the keys to a brand new home or the title deed to their property.”

Generally speaking, there are three types of retail real estate customers, and all three have walked through the doors at Reef at some stage: Those who have already looked for and identified the villa or apartment of their dreams and are looking to finance it, those who have yet to decide on what or where their new home will be, but know that it is the right time to do so, and finally those who are interested in making an investment by purchasing property. With the first two types of customers, it is often the case that people come to the realisation that renting, whilst convenient, is just not for them anymore and that they are not building any kind of future by doing so. But coming to that realisation is a long way from knowing what is involved in buying a home, or how you might go about paying for it. The point made at Reef is that regardless of your stage in the real estate purchase decision, they are available to assist you in your needs.

Reef appoints its clients a dedicated advisor who will guide clients through every stage of the purchase process. More than just financing, the advisors are keen to ensure that the property of choice is matched to their clients’ other financial obligations. Reef‘s approach appreciates that though some may dream of that six bedroom villa, for many first time buyers, this may be out of budget. Accordingly, the company’s real estate finance advisors proactively guide prospective buyers to properties that are within their reach and that do not cause them tremendous financial burden. It goes without saying that the quickest way for a business relationship to sour is by defaulting on payments so, Reef works with the client, and look at their financial commitments and find the most suitable plan for them.

Speaking about the future, Mr. Al Koofi noted, “Though, disclosure of strategic long term plans is not feasible at this point, ultimately we want to see Reef becoming a household name in Islamic real estate finance.”

For further details, please see www.reef.bh, email info@reef.bh or call Tel. +973 1755 8080. Please don't forget to tell them that you found their details on Newarabia.net. Your comments really do make a difference.

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