Dunas Beach Resort, Sal, Cape Verde
Location
Map
Floorplan
Dunas Beach Resort, Sal, Cape Verde:
Set in beautiful landscaped grounds, but less
than twenty minutes from Sal’s international
airport, Dunas Beach Resort is a premium
development of high-specification new Villas
and Apartments.
With a breathtaking beachfront location on the
beautiful white sands of Ponta Preta beach, and
close to the little town of Santa Maria, Dunas is
perfectly positioned to capitalise on Cape
Verde’s fast-rising popularity and prominence.
Dunas Beach Resort is being built with the
closest attention to detail, from the design of the
individual properties to their elegant
surroundings. Its 147,000 m² plot, with a low
occupancy density of only 20%, is made up of
around 695 luxury properties. These include
thirteen luxury front-line single-storey five
bedroom detached Villas – each with its own
private swimming pool – and 54 luxury
two-storey three bedroom detached Villas.
There are also 628 deluxe Apartments with a
choice of one, two and three bedrooms, and
communal pools and relaxation areas.
All the properties within Dunas are set among
beautifully landscaped spaces, pool areas and
secluded walkways. Select amenities include a
luxury Five Star Hotel with facilities for all
Villas and Apartments, high-quality restaurant
facilities in the Hotel designed to cater for the
whole Resort, two additional poolside
restaurants, one serving the Hotel and one
serving the Apartments, an elegant wine bar,
relaxing piano bar, two poolside bars, courtesy
and lounge areas, luxury spa and gymnasium,
tennis courts and a variety of shops. A
neighbouring golfing facility will complete this
part of Sal’s superb range of tourist resources.
Set to become one of the fastest-selling Sal
Island developments to date, Dunas is an
outstanding investment opportunity for rental
or resale buyers, as well as those looking to buy
a holiday home.
Key Points
- First European 5-Star rated operation on Sal Island
- Fully managed hotel scheme by Sol Melia Group
- Beach Front Location
- Easy Access – regular flights from UK
- High Levels of Occupancy
- 50/50 Room Rate Share
- Income Yields 10% plus
- Discounts of either 5% or 15%
- 6% interest paid on deposit until completion
- Fixed €1.25 to £1.00 exchange rate on deposit*
- Fully Furnished to Hotel Excellence Standard
- Fully Air Conditioned
- Free Legal Services
- “SIPPable” investment
Why should your Clients Invest?
The Cape Verde government has set the development of its tourism sector as its key priority. Though tiny in area, the islands attract visitors with the year- round good weather, which is kept to a manageable temperature in the height of summer by cooling Atlantic breezes.
According to the government’s tourism department, the number of tourist arrivals are increasing at an annual rate of 22% and projections suggest that by 2015, around one million tourists will be visiting the islands every year (National Statistics Institute, 2008).
Property prices are still being pushed forward as demand far outstrips supply. Premium projects will command a higher return, therefore capital investors should feel confident in their decision.
Research by Savills shows that the island average occupancy ration is 80%. The only established “brand” hotel (Rui) is a 4* chain and has had an occupancy ration of over 90% for the past two years. The base rack rate at this hotel in 2008 for a standard room was €130 per night.
The Dunas 5* Hotel Suites will attract a far higher room rate and will be prioritised by the Hotel Operator. Therefore the potential 50/50 net room rate share will be extremely attractive for long tem income investors.
The Sol Melia Group has over 300 hotels in 30 countries and achieves an average occupancy rate over 80%. It’s European client base and recognised brand makes it an ideal partner for this development.
The developer and land are unencumbered and all titles are freehold under Cape Verdian law.
A financial package is already in place for any final mortgage requirements of clients. BANIF bank will lend up to 70% of the completed property valuation.
Prices:
All suites will be furnished to meet the exacting standards of the 5* Hotel Operator. The size and price of the suites are as follows:
Suite |
Built m2 |
Terrace |
Price - € |
Presidential |
101 |
50 |
249,950 |
Master |
77 |
25 |
184,950 |
Junior A |
37.5 |
20 |
149,950 |
Junior B |
37.5 |
10 |
149,950 |
Junior C |
37.5 |
42 |
149,950 |
Invest Directly or via SIPP
All of the above suites are eligible for purchase either as a direct investment or via an appropriate SIPP. We have a partner IFA firm who can provide a low cost, pre-approved, SIPP package for your clients convenience. Details are available on request.
Purchase Packages.
There are three possible ways in which you clients may invest.
- 35% deposit, no interest, no stage payments, 65% on completion.
- 50% deposit, 6% interest receivable, no stage payments, 45% on completion (5% discount).
- 85% deposit, 6% interest receivable, no stage payments, 0% on completion (15% discount).
*Options 2 & 3 will also benefit from a fixed exchange rate agreed with the developer on the deposit paid. At €1.25 to the £, this gives further savings from the current market rates.
Example: Option 2.
Junior Suite @ €149,950 (£130,391 @ €1.15-£1.00), maximum 36 month build-period to completion.
- 50% Deposit @ €1.25-£1.00 £59,980
- 45% on completion at normal spot rate £58,676 (assuming spot rate of €1.15-£1.00)
(5% Written off as discount)
Total Payable £118,656 (assuming spot rate €1.15-£1.00)
Less 6% interest on deposit during build £10,796 (assuming max 36 month build)
Net Cost £107,860
Discount 21%
Free Incentives: Free air-conditioning, legal services & Hotel Excellence Furniture
Example: Option 3.
Junior Suite @ €149,950 (£130,391 @ €1.15-£1.00), maximum 36 month build-period to completion.
85% Payable on contract
45% Deposit @ €1.25-£1.00 £59,980
40% on completion at normal spot rate £52,156 (assuming spot rate of €1.15-£1.00)
(15% Written off as discount)
Total Payable on contract £112,136 (assuming spot rate of €1.15-£1.00)
(No balance on completion)
Less 6% interest on deposit during build £20,184 (assuming max 36 month build)
Net Cost £ 91,952
Discount 41%
Free Incentives: Free air-conditioning, legal services & Hotel Excellence Furniture
Image Gallery:
Beach Villas:
Hotel Front
Hotel Reception
Poolside seating
Poolside seating 2
Villa
For further information including the latest availability and prices for this development please contact one of our sales team:
