NAI Bahrain, formerly known as Pegasus Real Estate, represents NAI Global in Bahrain and the Eastern province of Saudi Arabia (AlKhobar and AlDammam). Pegasus is a family owned business and part of a larger group with business interests in Property development, construction, hospitality (hotels, resorts, luxury serviced apartments), travel & tourism, trading, education, light-manufacturing industry, marketing & communications, food and beverage.
Pegasus Real Estate was established in 2005 and has 10 years of strong experience in property management, exclusive representation, brokerage service and client portfolio management. A professional team of 24 personnel includes exclusive property consultants (commercial, residential & retail), property surveyors, project development consultants, I.T. professionals, mortgage advisors, marketing professionals and sales and leasing staff.
Pegasus real estate was established with a key focus on exclusive client/developer representation providing a high level of service towards property consulting and management services. Today the agency represents projects worth U.S.$ 250million plus in both commercial and residential categories.
Pegasus Real Estate is a decorated agency. It was awarded with three prestigious awards in 2010 by the International Property Awards in association with Bloomberg TV 2010 for the best “Development Marketing category WORLD”, Best “Real Estate Agency” and the best “Development Marketing category ARABIA”. In 2011 Pegasus was awarded by the WORLDCOB (World organization of business) as the most “Inspirational Company” for its commitment towards the property development sector. Some of the projects represented by Pegasus namely Abraj Alu Lulu and Platinum Tower were acclaimed in 2009 by CNBC property awards as “Best Development Projects”, residential and commercial in Bahrain and Arabia. Lately in 2104 Pegasus bagged two awards for “Best property development marketing” and “Best high-rise residential project” in Bahrain by the Arabian property awards syndication, arm of the International property awards U.K.
At NAI Bahrain, our belief is to maintain continuous client/developer relationships thereby maintaining growth with our property management and representation service. Since inception we have managed and exclusively represented some of the largest commercial and residential developments in the Kingdom including those below,
Abraj Al Lulu : Largest apartment condominium project in Manama with 902 apartments and penthouses. Project worth U.S $250 Million. Now handed over and operational.
Platinum Tower : A landmark commercial office tower in Al Seef area with 150 offices. Project worth U.S $ 85Million. Now complete and handed over.
Crystal Hotel : A 4star hotel located in Al Juffair Area with 140suites. Now complete and handed over to the hotel operators.
Juffair Skyview: A freehold residential building in Al Juffair area with 64 apartments. Project worth U.S $ 25Million. Now complete and handed over to individual owners.
Juffair Heights: A large freehold project in Al Juffair Area with 376 apartments. Proejct worth U.S $ 80Million. Under construction, expected handover date by mid 2016.
Galleria : A boutique mall with a leasable area of 21,000mt2. Project worth U.S $ 25Million. Under construction to be handed over by October 2015.
- Exclusive Representation
- Development Consultancy
- Interior fit