A method, apparatus and computer program product are therefore provided in order to provide an efficient, aesthetically pleasing display of points of interest in an AR interface that maximizes usability and display efficiency. In this regard, the method, apparatus and computer program product may utilize a mobile terminal to perform pre-processing of interface elements to reduce display clutter and increase efficiency of display processing. Interface elements may be projected onto a cylindrical surface to locate the interface elements relative to the mobile terminal. Interface elements may be analyzed in the projection to identify interface elements that are proximate to one another. Data indicating that particular interface elements are proximate to one another may be stored in a data structure for reference prior to displaying of the interface elements in an AR interface.