Bahrain-baased Pegasus Real Estate said it has received tremendous response from the buyers for its newest residential project, which was launched on April 1.

More than a third of the apartments at the prestigious Juffair Heights have already been bought, with scores of prospective buyers lining up to invest in the affordably positioned 28- and 29-storey twin towers development, reported the Gulf Daily News, our sister publication.

"This project has been very well-received in the market, especially among Bahrainis and expatriates staying in Bahrain," remarked project sales consultants Pegasus Real Estate managing director Aziz Mithaiwala.

Speaking on the eve of the landmark Gulf Property Show, which opens at the Bahrain International Exhibition and Convention Centre today, he said Gulf nationals from across the region had also shown interest in the property, which promises buyers an ideal lifestyle product at a prime location and where they are assured of their investment.

"The main reasons for such an overwhelming response is the perfect combination of location, quality of construction and pricing of the apartments, which has been kept affordable, starting at between BD50,000 ($131,975) for a one-bedroom (86.6 sqm) unit and BD65,000 (112.17 sqm) for a two-bedroom unit," stated Mithaiwala.

He said there was sufficient demand for such accommodation and they hoped to fulfil that for a large segment of the people.

According to Mithaiwala, these pre-launch prices will still be available during the show. "We are very enthusiastic about our participation since this event attracts visitors from all over the region and beyond," he added.-TradeArabia News Service