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Shahs of Sunset's Reza Farahan and Adam Neely Are Engaged

02/05/2014 at 11:05 AM EST

Shahs of Sunset's Reza Farahan and Adam Neely Are Engaged
Reza Farahan and Adam Neely
Courtesy Bravo
Shahs of Sunset's Reza Farahan is engaged to partner Adam Neely, the reality star tells PEOPLE exclusively.

"I finally met the love of my life," says Farahan, who began dating Neely in 2010. "Plus, my ass isn't getting any younger!"

The couple became engaged in Palm Springs in August after Farahan popped the question. Reality TV crews captured the moment, of course. Watch a clip below.

"I actually talked to [my Shahs costars] Asa and MJ about it, but I didn't want it getting back to Adam. I wanted him to really be surprised."

And how did his family react to the happy announcement?

"Not well!" Farahan, 39, says. "Although they adore Adam, I didn't tell them until last week so they didn't appreciate the fact that I had kept such big news from them for so long. I waited five months! Persians are very opinionated and I didn't want to hear anything negative around such a joyous event."

While the Shahs star is no stranger to over-the-top parties and drama, his wedding will be on a much smaller scale.

"We're just now starting to discuss the actual wedding," he says. "It will definitely be a small and intimate affair. Most likely somewhere exotic."

The season finale of Shahs of Sunset – which features the proposal – airs Tuesday (9 p.m. ET) on Bravo.

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