Bahrain, a small country made up of 33 islands, is an open country that accepts all nations and cultures. Bahrain is located in the center of the Arabian Gulf, with easy access to European and Asian markets as well as its GCC and larger Middle Eastern neighbors. But it's not just the location that makes Bahrain such an appealing investment destination. Bahrain is an attractive site for serious investors for a variety of reasons, including forward thinking economic policies and an advantageous tax environment with no corporation or personal taxes. Other elements that make Bahrain an appealing destination include a modern, high standard of living with a cosmopolitan family atmosphere, religious freedom, foreign schools with a diverse curriculum, and clubs catering to all nationalities and hobbies.

Bahrain, a small country made up of 33 islands, is an open country that accepts all nations and cultures. Bahrain is located in the center of the Arabian Gulf, with easy access to European and Asian markets as well as its GCC and larger Middle Eastern neighbors. But it's not just the location that makes Bahrain such an appealing investment destination. Bahrain is an attractive site for serious investors for a variety of reasons, including forward thinking economic policies and an advantageous tax environment with no corporation or personal taxes. Other elements that make Bahrain an appealing destination include a modern, high standard of living with a cosmopolitan family atmosphere, religious freedom, foreign schools with a diverse curriculum, and clubs catering to all nationalities and hobbies.

Significantly, Pegasus Real Estate, founded in 2005, is one of the leading property service providers in the kingdom of Bahrain. Pegasus began as a sale and marketing consultancy for exclusive projects, and in Manama, Bahrain's capital, it launched its first freehold development endeavor. The firm was appointed as the consultancy marketing and sales agent for the development of Abraj Al Lulu, which translates to Pearl towers. Abraj Al Lulu is still one of the largest freehold residential buildings, with three enormous towers, Two 50 stories and One 40 floors tower with over 900 units. Over the last 16 years, Pegasus has evolved exponentially and has emerged as one of the most preferred household name for people looking for real estate services in Bahrain.

Despite the fact that the firm works with several elite international corporations, it takes pride in being a local company that

understands the market and the needs of the clients that are there from a local standpoint. The firm provides a bouquet of real estate services which includes property management, market research, facility management, exclusive representation, development advisory, finance consultancy, international sales, and interior consultancy. The firm works on a property management system(PMS), which is an internationally renowned platform that aids in putting everything in perspective and keeping communication organized, whether with landlords, owners, tenants, or other property managers with whom it works.

"Our main focus from a developer and a real estate services agency perspective is on timely delivery. As a development company, we don't do too many projects at a time, instead, we ensure that a project is done, delivered and sold before moving on to the next project," signifies Aziz Mithaiwala, Managing Director.

Pegasus real estate takes pride in being a local company that understands the market and the needs of the clients from a local standpoint

Setting Real Estate Development Standards
Real estate in Bahrain is growing, with new developments springing up all across the country, attracting a growing number of international property investors to large-scale commercial and residential projects. Bahrain prides itself as a country where developers can profit from 100 percent foreign ownership, making it one of the greatest venues in the region for investors from outside the GCC to invest in real estate.

RERA (Real Estate Regulatory Authority)seeks to ensure that Bahrain's real estate market runs at a high level by providing fair and effective regulation and pricing. It collaborates with the government and the real estate industry to produce a long-term National Real Estate Policy to stimulate the industry, increase consumer protection, and streamline services.

There is growing interest, especially among those from the subcontinent who want to invest in real estate in Bahrain, assisting them in moving funds through the right channels. In terms of investment, Pegasus provides payment plans towards its exclusively represented projects based on the investor's needs and the type of investment one wants to make. At Pegasus, the proficient team of professionals works with several developers to inform them of the type of investment that someone is wanting to make and to work out individual payment plans for them, even if they are already on a project. International investors can also make use of the firm's full Property Management Services.

The Road Ahead
Since its inception, the firm has grown multifold and has carved a niche for itself in the Bahrain real estate market. Currently, the firm has four offices in Bahrain further, it is looking to open up a couple of offices in different markets, one of which the firm is laying its emphasis on is in Saudi Arabia. And as it forges ahead, the firm is looking to expand its service portfolio and build an association with furniture manufacturers based in China, Turkey, Italy, and Spain. Also, the firm works closely with its facility management services division that offers typically security, housekeeping, and maintenance services.

Aziz concludes "Our objective is to become the premier provider of property services in the Kingdom of Bahrain, with plans to expand into other opportune countries. We are constantly seeking ways to improve our clients' lives by correctly advising them on their property needs and aiding them in building long term wealth generating assets. Our aim is clearly to provide our clients with the necessary market expertise, to aid them in the creation of value-generating assets, and to continuously assist them in enhancing their everyday lives through our exclusive offerings.