MANAMA: With a huge back log for public housing and rising demand for quality affordable housing units has boosted the investor confidence in Bahrain’s realty sector, according to a leading property developer.
“There has been a significant demand for affordable housing units in Bahrain which stirred the local and regional investments in this sector,” Aziz Miathaiwala, Managing Director at Pegasus Real Estate told The24X7News (www.twentyfoursevennews.com), on Sunday.
Aziz, on the sidelines of the launch of the new BD28.5million Juffair Heights project, said overall real estate sector was booming and offers good investment opportunities to local, GCC and foreign investors.
“The demands of housing units have been fuelled by people who want enjoy a quality living as well as investors who look for good return on their investments,” he added.
Talking about the Juffair Heights he said the project was in the right place adjacent to the upcoming mall and busy areas offering the residents all possible facilities.
“Since the soft launch of this project earlier this month, there has been huge response from the investors,” he said.
On the launch he said Juffair Heights was a prestigious residential project, meeting the needs of both locals and expatriates.