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  • Bahrain based agency wins key real-estate awards

    2016-03-08 11:18:00

    MANAMA: Pegasus real-estate NAIBahrain a Bahrain based real estate agency and member of NAIGlobal wins key nominations for its agency services and exclusively represented projects in Bahrain.

    Pegasus NAIBahrain has been successful with its nominations for “Property consultancy marketing” and “Real estate agency marketing” along with its exclusively represented projects Juffair Heights and Galleria for best “High-Rise residential development” and best “Retail development” with the International property awards syndicate U.K.

    In its quest to discover the best developers and realty agencies in the world, the prestigious International Property Awards in London invited development companies and real estate agencies to present their finest projects.


    The judging committee chaired by two members of the House of Lords scrutinized hundreds of entries and Pegasus Real Estate NAIBahrain – the exclusive sales and marketing agent for both projects – was a top scoring entrant.

    Also, Dadabhai Development and Property Management Company (DDPM), the developer of Juffair Heights, has been nominated for the best ‘Residential High-rise Development’ and MD Holding Company, the developer of Galleria, for the best ‘Retail Development’.


    Successful entrants have been invited to attend a high-profile gala and presentation dinner in Dubai at the J.W. Marriot marquis hotel on November 12th 2015..


    The official announcements will be made there and the winning companies will learn which honors they have secured.


    Having already competed throughout the regional stages of the International Property Awards 2015-2016, representatives from up to three highest scoring nominees per category from each region will gather at the London Marriott Hotel Grosvenor Square Hotel in Mayfair on Monday, December 7th.


    There, in the presence of Lord Best, joint chairman of the judging panel, the region’s overall winners will be announced before the ultimate World’s Best international winners are revealed.


    Galleria is an open layout mall across a plot area of 30,000 sqm and total built-up area of over 42,000 sqm, also includes a 12,800 sqm hypermarket extending over two floors.


    Set to open in the 1st quarter of 2016 it’s a refreshing addition to Central Manama, offering modern architecture and open layout design, lush landscapes and tree-lined avenues, as opposed to closed recreational and shopping centre’s.


    Expressing happiness at the achievement, Dadabhai group Managing director Shabeer Dadabhai said, “We are delighted to have been awarded such prestigious accolade’s for both our proejcts.”


    “Our aim as an institution is always to provide the highest quality in everything we do in order to provide our clients with the products and services they deserve,” Mr Dadabhai added.


    Expected to be completed by mid-2016, Juffair Heights, a twin tower freehold residential development offers aspirational, spacious and affordable homes to Bahrainis, G.C.C. nationals and expatriates with unmatched facilities and services.


    It comprises 376 one, two and three bedroom apartments with buyers having the option to combine these into even larger three or four penthouse styled apartments.

    This well-planned affordable modern housing complex is packed with lifestyle facilities and is located in the heart of Juffair.


    Pegasus NAIBahrain Managing Director Aziz Mithaiwala said the award winners’ logo is recognized as a symbol of excellence throughout the global industry,


    “Attaining one of these coveted awards over the last few years is evidence that a local agency as Pegasus NAIBahrain is capable of outperforming some exceedingly strong contenders within the highly competitive Arabian real-estate services arena,” he added.


    The International Property Awards is in its 22nd year and the largest, richest and most prestigious property competition in the world. This year in excess of 2,000 companies from over 100 different countries took part, making the total financial value of the competing projects astronomical.


    Their total worth is estimated at approximately GBP20 billion.


    Covering 48 different residential and commercial categories, regional heats are staged for Arabia, Europe, Africa, Canada, Central & South America, the Caribbean, USA, UK and Asia Pacific.


    Judging is carried out through a meticulous process involving a panel of over 70 experts covering every aspect of the property business.


    The judges not only look for the most impressive and innovative projects, they also examine the sustainability and eco-friendliness of every property and development.


    President of the International Property Awards, Stuart Shield, says, “After a year-long process of evaluating and assessing many thousands of entries our judging panel is now ready to announce its final results. We will now reveal the finest developers in each region and also those that have excelled overall to win the fiercely contested title of ‘World’s Best.”