Pegasus Realty buys commercial property at Dubai Silicon Oasis
Dubai-based Pegasus Realty has confirmed the acquisition of commercial property at Dubai Silicon Oasis through a single transaction valued at Dh30 million.
Announcing this development, Imtiaz Panjwani, managing director, Pegasus Realty LLC, said, "Dubai Silicon Oasis is indeed a master planned development that offers sound investment potential. We estimate rental returns on investment to the tune of 12 to 14 percent at this project. Our investment in this development follows positive interest from our international clients as well as the strong demand for commercial space at this ultra modern technology park that we forcast."
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