Property Weekly

Great tie-up offers guaranteed rental investment

February 18 - 24, 2009
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Juffair Skyview, a freehold residential development in the upmarket Juffair district, has tied up with two acknowledged leaders in the hospitality and finance industries to present a lucrative opportunity for those seeking guaranteed returns on their investments.

The freehold apartments available for immediate possession are being sold exclusively by Pegasus Real Estate - the same experienced team that have marketed the highly successful Abraj Al Lulu, Platinum Tower, Crystal Heights projects.

The guaranteed rental investment plan is a result of a tie up with the well-known Elite Group, who have played a pioneer role in the hospitality industry in Bahrain. They will be managing and leasing the apartments on behalf of the investors, furnishing and maintaining the property for a period of three years and then handing it back to the owners after the end of this lease.

Investors are assured of receiveing a fixed rental return as guaranteed revenue on the strength of the property's location, the goodwill earned by the property managers and the demand that already exists for Juffair Skyview.

Bahrain Islamic Bank (BisB) has been newly appointed as an official Islamic mortgage provider for those seeking to purchase apartments in Juffair Skyview.

"Our tie up with the Elite Group creates a lucrative opportunity for serious investors through the returns assured in the guaranteed rental returns investment plan. It is also our privilege to be associated with BisB, who will provide Islamic mortgage solutions to interested buyers at Juffair Skyview, said Samira Diami, assistant sales manager, Pegasus Real Estate.

The 20-storey Juffair Skyview boasts 65 luxury apartments with a built-up area of 85,158 sq ft. Apartments are available in a choice of 3-bedroom, 2-bedroom and 1-bedroom with recreational amenities including an outdoor swimming pool, Jacuzzi with open deck, changing rooms, fully equipped gymnasium, squash court and coffee shop.







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