Monday 20 May 2019

Pegasus to promote affordable homes at Bahrain expo

MANAMA, November 20, 2018

Pegasus Real Estate, a Rera registered award-winning real estate solutions provider, is showcasing its extensive portfolio and range of services at the winter edition of the Gulf Property Show which opens November 21 in The Avenues-Bahrain, the kingdom's top leisure and entertainment destination.

Organised by Hilal Conferences and Exhibitions (HCE), the boutique showcase for real estate sector in the Northern Gulf is being held as a complement to the flagship event that takes place annually every April.

A division of a large business conglomerate in Bahrain, Pegasus exclusively markets, sells and manages projects of reputed developers and also represents a wide portfolio of clients looking to buy, sell or manage their residential or commercial spaces.

Among other functions, it caters to requirements such as exclusive developer representation, development planning consultancy, sale and leasing specialists and comprehensive property management.

Its current portfolio of properties is worth over $270 million, and Pegasus continues to attract projects that can provide long-term gains to its clients and owners.

At the Gulf Property Show, Pegasus is specially promoting Seef Terraces that offers affordable high-quality lifestyle homes.

A project by the Dadabhai Group's property development division, the 29-storey Seef Terraces tower comprises 172 studio, one-, two- and three-bedroom apartments targeted at the mid-range market in a neighbourhood that blends residential, commercial and leisure space.

Pegasus Real Estate's managing director Aziz Mithaiwala said over 70 per cent of the apartments have already been sold to buyers that represent 19 different nationalities.

"A majority of the buyers are from Bahrain followed by other GCC nationals and expatriates of various nationalities. Homes were handed over to owners in March this year," he stated.

Mithaiwala said the project has been well-received across the region due to its location, award-winning apartment designs and sizes, value proposition, facilities and the developer's impeccable reputation.

During the exhibition, Pegasus will introduce exlusive limited period payment plans to investors looking to buy and move into their new home at Seef Terraces immediately, said the top official.

A concierge service will be arranged for prospective buyers looking to view the project directly from the exhibition, he added.

Pegasus is also marketing a new project on behalf of a reputed business conglomerate located in Hidd which will be ready for handover in the first quarter of 2019. Pegasus is present at Stand A2 at the exhibition.

Event organiser HCE managing director Jubran Abdulrahman said: "We welcome the support of Bahrain’s award-winning luxury project to the Gulf Property Show. Pegasus Real Estate have a reputation of delivering quality developments. Seef Terraces delivers on this reputation."

The Gulf Property Show carries the strategic sponsorship of El Mercado Village and the strategic organisational support of the Real Estate Regulatory Authority of Bahrain (Rera), Survey and Land Regulatory Bureau (SLRB) and the Urban Planning and Development Authority of Bahrain.

HCE has partnered with Colours Events and Exhibitions for the operational organisation of The Avenues, Bahrain event and added Careem as the ride partners to facilitate easy access to the event for visitors.-TradeArabia News Service

Tags: Bahrain | Pegasus | Hilal Conferences and Exhibitions | Gulf Property Show |

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