In t er n at ion a l
Real Estate Developments www.IREDevelopments.com | Volume 3 â€˘ Issue 1
C o s ta R i c a
Sets The Bar
Be s t C o un t ry To In v e s t i n 2 0 1 3 $7.20 U.S. $9.85 CDN
VACATION. INVEST. INVEST. RETIRE. RETIRE. VACATION.
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First HomeFrom • Retirement Home- $1.5 • Selling Information Long TermRealty Rental •Tour Short Offers Term Rental • Sales Report • Agent Homes $250,000 Million • All•Inclusive $2,500 Rebate on LotInformation Purchase
LIVE THE DREAM. COSTA RICA. PURA VIDA.
ACATION V E IV S U L C IN All
ta Rica SAMARA, Cos R
“Samara Ranked #2 Beach in Central America” - TripAdvisor.Com
Discover The Secret of Costa Rica.
Montana Samara Estates •
“Best Real Estate Investment Property in Costa Rica” - International Real Estate Investments Magazine, 2013
Launched in 2004. Only 40 Home Sites Left!
$40k - $200k Home Sites
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0.00% Bad Transaction Record!
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Video Testimonials at Web Site!
877 226 9093 SamaraBeachOceanView.Com Escrow with Chicago Title • Safe. Secure. Investment. • Projected to SELL OUT in 2014.
IGUAPE TROPICAL PARADISE
Luxury Condo Hotel Development
Iguape in Aquiraz, Cearรก on the North East Coast of Brazil
Imagine a tropical place where paradise is no second to other. Imagine a tropical development, high end and ultra eco-friendly. Imagine no more.
Iguape Tropical Paradise.
Eco-Friendly Development of 56 High-End Condominiums
A Taste of Iguape Tropical Paradise, and You’ll Never Know Life Any Other Way. Enjoy spectacular elevated 360° views in the constant 27°C heat and 365 days of sunshine with complete assurance that nothing will be constructed in front of or behind the development. Set a top a sand dune just 600 meters from the beach, the location ensures complete privacy and security. Front view is uninterrupted over the large lagoon and across the stunning turquoise blue ocean. The back view is equally impressive; green countryside as far as the eye can see with a beautiful mountain vista as the back drop.
For more information or inquiries, contact 1-888-560-1119 Ref#BZ-152 | E-mail: firstname.lastname@example.org
Editor’s Letter What does Jamaica, Dubai and Costa Rica have in common? They are all featured in this issue of International Real Estate Developments Magazine! With the financial markets still in a state of recovery and construction lending having more stringent guidelines, it’s interesting to note that the smaller projects are now becoming more attractive to investors. Every country has its PROS and CONS with respect to Real Estate Development, however, there is a large real estate demand by millions of investors and buyers for a piece of “Luxury and Paradise” in a warm, tropical location.
Moe Montana Moe Montana is a Chairman of the International Real Estate Advisory Board and serves as a consultant to international real estate developers and investors around the world. “Consulting top tier developers and investors regarding the fields of Construction Finance, Marketing and Wealth Management, has been both a pleasure as well as a passion.” - Moe Montana Mr. Montana is also the Key Note Speaker and Organizer for the International Real Estate Investors Guild of Miami.
The Caribbean, Mexico’s Yucatan area, Panama and Costa Rica are all very much hot spots for development projects, and retail real estate sales. Costa Rica though; has set a unique catalyst in attracting world wide investors namely by not imposing taxation on Capital Gains and its government offers the lowest percentage of taxation on real estate. No other country provides such incentives and in doing so Costa Rica has attracted a world wide proactive audience of investors and real estate buyers. Quality resort developments are also an attractive real estate investment, and we’ll be visiting with one of the best in the Caribbean. What about Dubai in 2013? We’ll take a quick review on the Dubai Development Market as well. Sincerely,
Moe Montana Moe Montana Associate Editor
Volume 3, Issue 1. International Real Estate Developments Magazine is published by 3V Media Group. ALL RIGHTS RESERVED. COPYRIGHT© 2013. Reproduction in whole or in part without permission is prohibited. IREDevelopments is a registered trademark of 3V Media Group. This magazine is published solely to assist developers spotlight their projects and is not printed with any set frequency such as quarterly or bi-monthly. Developers who wish to be featured should contact Moe Montana for Editorial & Talk Radio Feature Requests. 888 560 1119 IREDevelopments Magazine reserves the right to refuse to publish any advertisement that is deemed to not be in the best interest of IREDevelopments Magazine. 3V Media Group is not responsible for typographical errors, production errors or responsible for any accuracy of information provided by its advertisers. Investors should conduct thorough research prior to pledging any investment. Associate Editors: Julie Lee, Kevin Keele and Moe Montana. Art Director: Patrick Shannon Graphic Designers: Shastri Roberts, Portia Yabandith Publishing Director: Moe Montana
Palmyra Resort Development • P. 24
Developing Dubai • P. 30
Costa Rica Sets Bar On Latin Luxury Living • P. 12 www.IREDevelopments.com
International Real Estate Developments 7
Luxury Oceanfront Villa, Casa Demae. The Crown Jewel of Puerto Vallarta. Truly one of the most luxurious villas on the Mexican Riviera, this spectacular villa offers 5 beautifully appointed bedrooms, each with its own private bath, ocean-view Jacuzzi, walk-in closets, and satellite TV. Located directly in front of the majestic Lost Arcos Islands, where you may choose to snorkel or kayak to the most famous spot in Vallarta for viewing marine life. Or you may lounge on the oceanfront marble terrace and enjoy the clear blue waters of the 45â€™ heated infinity pool, while the talented staff prepares traditional Mexican dishes or made-to-order meals from the chef â€™s kitchen. With a staff of 12, you will be waited on hand and foot. Rates start at $1,700 per night.
Exper ience Paradise on the Mexican Riviera at Casa K ar ma . 6 bedrooms, 6 1/2 baths, offering a staff of 4 to cater to all your needs. Inside
and outside dining, infinity pool, Jacuzzi, terrace, poolside bar, indoor tropical pond, media room, an elevator to access each bedroom level and main living level, ocean views throughout, access to a small beach cove right in front of your villa. Rates start at $1,475 per night.
Panoramic Ocean Views, Incredible Sunsets, Puerto Vallarta, Mexico Casa Copa de Oro. 4 bedrooms, 4 baths with 2 adjoining, fully self-contained 1-bedroom Casitas. Recently renovated in keeping with traditional Mexican charm. Offering a spacious sun terrace, Jacuzzi, bar, 2 heated pools, upper and lower levels, an amazing staff of 5 to pamper you. Ocean views from every room and just a few yards to a nice beach cove. Can be rented with 4, 5, or 6 bedrooms. Rates start at $900 per night.
Private Luxury Villas, Punta Mita, Mexico Villa Catarina. 4 bedrooms, 4 baths, one of many luxury villas to choose from located inside the gated community near the Four Seasons Resort. Offering amazing ocean views, private pool and Jacuzzi, housekeeper and maid service. (Chef can be arranged on request). Access to concierge, restaurants, golf, tennis, spa, and beach club. Rates start at $2,500 per night. Call for a complete list of rental properties in the area.
Villas de Oro Vacation Rentals (800) 638-4552, (707) 539-1153 E-mail: email@example.com, firstname.lastname@example.org Internet: www.VillasDeOro.com
Because the Ultimate Luxury is Giving Back
25 Lots For Sale
Altos Escondidos or Hidden Hights is a Green Community comprised of 75 lots on 69 hectares (200 acres) built with a combination of the most advanced solar and wind technologies. When completed, the project will meet and exceed the highest standards of LEED, Leadership in Energy and Environmental Design, the premier environmental design certiďŹ cation in the US.
TOLL FREE 888-560-1119 REF# PN-622 EMAIL: email@example.com
(888) 560 1119 • firstname.lastname@example.org • www.AvalonCondo.Weebly.Com
SANTA ANA, COSTA RICA
AVALON COUNTRY CLUB revolutionizes the real estate market in the Central Valley of Costa Rica. An exclusive private residential club that offers a unique and new lifestyle. In a single location this project combines modern architecture with full amenities, nature trails and many sport activities and areas for relaxation. In Avalon you will ﬁnd the freedom to choose and personalize your space according to your lifestyle.
2 Bedroom • 2 Bath • Condo in Central Valley, Costa Rica Amenities: 2 swimming pools (heated), Gym, Spa, Jacuzzi, Soccer, Tennis, Golf Putting Green, Aerobics, Nature Trails, Green Areas, Club House and Barbecue Area. $1,000 ---- Per Week or $1,500 per Month Rental Options $300 ------ Taxes Per Year $140 ------ Maintenance Per Month $189,000- Price: Great Return On Investment! 1 Parking Space. 100 Sq. Meter Condo 2 bd / 2 ba with Loft.
(888) 560 1119 • email@example.com • www.AvalonCondo.Weebly.Com
Costa Rica Set The Bar for Latin American Luxury Living BY MICHAEL PHILLIPS
International Real Estate Developments
OVER THE PAST
Costa Rica has seen widespread growth in terms of real estate development, eco-tourism, health tourism and foreign ‘pensioners’ who relocate to Costa Rica for their retirement.
COSTA RICA SET THE BAR What is the allure of Costa Rica that promotes so many people to visit the country and then ultimately converts a large percentage of tourists into part time or full time residents of Costa Rica? Aside from pioneering to set the bar for Latin American Living, there are three reasons why many people retire, invest or relocate to Costa Rica. 1. Affordability. $1,500 to $2,000 USD per month allows for most people to live somewhat of a luxurious lifestyle that will cover living expenses, utility bills and even pay for full time live-in maid services (common throughout the country). The Canadian dollar, the US dollar and the Euro’s high conversion rate also provide oxygen to the fire with 1 US dollar = 500 Costa Rica Colones.
International Real Estate Developments 13
Global Spotlight Liberia
Samara Beach is located on the west coast of the Nicoya Peninsula which is 1 of 5 “Blue Zones” found on earth. A Blue Zone is a scientiﬁcally deﬁned area that has the largest population of Centurions (people who live past 100 years of age) and it is believed that the purity of air and purity of water to contribute to longevity of human life.
Map: (Above) Samara Beach, is home to Costa Rica’s top boutique resorts and real estate developments. A high end enclave located in the Nicoya Peninsula, Samara Beach is expected to have land appreciation of 70% over the next 5 - 7 years.
2. Health Care. The last time WHO, the World Health Organization, compiled a list ranking the World’s Health Care Systems, France had been ranked at #1 while the United States ranked at #37 and Costa Rica at #36! With the health care system in the United States vulturing on profits rather than providing a universal quality health care program, Costa Rica had been developing CIMA, their own highly ranked private health care program, that is used by hundreds of thousands of foreigners living in Costa Rica. CIMA offers top quality surgical and health care procedures at a quarter of the cost that the United States charges for health care procedures. 3. No Capital Gains Tax and Very Low Annual Property Tax of .25%. An investor’s haven exists in Costa Rica due to the government allowing low taxation on property tax and abolishing capital gains taxation. No other country in Latin America offers such an incentive.
International Real Estate Developments
COSTA RICA (2013): BEST COUNTRY TO INVEST Over the past 20 years Costa Rica’s government was a pioneer in planting the seeds to set the highest bar for safety and promotion of tourism. Fast forward 20 years to the present date where the Costa Rican government has achieved to appease their citizens as the country has been titled “The Happiest Country” in the world year after year by the HPI or Happy Planet Index. Sarah Roberts, a Public Relations executive with International Real Estate Investments Magazine stated in a recent interview that “The northern hemisphere of the world has become a global liability. We all know that there is constant duress with Israel and the Middle East predominantly backed by the United States and their foreign policies between fighting for special interests and attaining leverage within the oil wars.
Then enter Europe’s macroeconomic market that is still trying to balance itself against a debt crisis with Greece. All the while there is a threat of a war with Iran which could have a catastrophic impact on the entire northern hemisphere of the world if there is a worst-case-scenario. Though millions of people never think about the worst-case-scenario with Iran there is no doubt that the economies of Europe, the Middle East, Asia, and America would be negatively affected. Real estate values for countries in the northern hemisphere are not safeguarded against the worst- casescenario. There is no home or commercial insurance policy that insures property against Dooms Day on a nuclear level. Costa Rica, Australia and other real estate markets in the Southern hemisphere of the world offer a comparative advantage hedged against “fall out” global real estate markets such as the USA or the United Kingdom.
Costa Rica’s luxury market has been growing year after year as more millionaires and billionaires have opted to invest in Costa Rican Real Estate.
The stability of real estate markets found in the southern hemisphere of the world carry no fall out or repercussion contrast to a Dooms Day scenario. This is one of the reasons why private real estate investors and sovereign nations such as China have been quietly yet heavily investing in Costa Rica for the past 6 years.” Between 1995 - 2005, Costa Rica had experienced an aggregation trajectory of unprecedented growth and development within the following sectors: Real Estate, Commercial-Industrial, Health-Care and Tourism. Real estate investors who had purchased ocean view luxury homes within the region of Puntarenas circa 1998 for $300,000 USD had seen as much as 900% Return On Investment by 2005. SAMARA BEACH, COSTA RICA In 2008, a world renowned multibillionaire entertainer invested $30 Million in Samara Beach, Costa Rica, a family oriented beach town on the west coast of Costa Rica. www.IREDevelopments.com
Due in part to the publicity of the celebrity purchase, real estate development in Samara Beach has flourished attracting retirees, vacation home buyers and investors. Mel Stevenson, is a Sr. Project Manager of one of Samara’s most reputable developments called “Montana Samara” which broke ground in 2004. In an exclusive interview with International Real Estate Investments Magazine, Mr. Stevenson was quoted saying “Samara Beach is one of Costa Rica’s best regions to visit for a vacation or for tourism, for sure. In 2012, TripAdvisor. Com ranked Samara Beach as one of the top 3 beaches in Costa Rica. But, what does that mean? It also means that Samara Beach is one of the top 3 places to invest in Costa Rica that will secure a very generous return.
in 2008 and 2009 at a time when the mass population of investors were too afraid to invest. People who visit Samara quickly see the vast opportunity here, and can’t help but notice the growing luxury market in Costa Rica. China is investing big into Costa Rica. “People have no idea what’s going on with China and Costa Rica. Real estate in Samara is on the rise and if China keeps buying Costa Rica bonds and land, I know Samara won’t have too much time left to find high margin returns in the arena of real estate investment opportunities! But the main reason people invest in Costa Rica time and time again is due to no taxation on capital gains.” (Continue p.18)
“Many multi-million dollar pre-construction developments did not survive 2008 because they were in a bad location. Montana Samara Estates not only survived but we made sales International Real Estate Developments 15
Special Sale Section of Properties Drastically Reduced! Take Advantage of the Properties While They Last!
Why Not Live Where Others Are Searching For?
Has Never Looked Better!
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International Real Estate Investments Magazine has awarded Costa Rica as
“Best Country to Invest in 2013”
December 2012 | PressRelease365.Com
As politics and sovereign nations within the northern hemisphere of the world keep contemplating to go to war without thinking of the repercussions on an aggregateglobal level, the fallout of such an inertia of direction would not only paralyze economies, it will automatically devaluate real estate markets across Europe, the United States, and other regions within the northern hemisphere of our world.
+ Costa Rica raises the bar for safety and tourism and lowers the barriers to invest into the country, ultimately providing more incentives than any other country for foreign investment. + Costa Rica is home to several Fortune 500 companies with more moving to Costa Rica year after year.
The “Most Happy Country” has been in the news quite often in the past 10 years and relatively with nothing but positive news such as: + Costa Rica has no (real estate) capital gains tax which provides a tax haven comparative to all other countries that impose a capital gains tax.
International Real Estate Developments
Samara Beach Real Estate Pros Prices Sustainably Rising High End Township Police & Fire Department in Samara Moderate Volume of Tourism Family Oriented Award Winning Architecture Homes High End Interior Designs Safest Beach for Swimming in CR Safest Beach for Surfing in CR (Due to Coral Reef Inhibiting Currents) Costa Rica’s Best Diving / Snorkeling Geographically in a Blue Zone (Only 5 Blue Zones in the World) Over 24 Hotels & Bed and Breakfasts Language School & Massage School 12+ Restaurants & Bars Fee Simple with Title Insurance
Costa Rica Compared to Belize, Panama, Mexico or the Caribbean Offers Better Incentives to Invest in Costa Rica. China is Investing Billions into Costa Rica.
+ The health care system with Costa Rica’s private, top ranking hospital group, CIMA, has been ranked by the World Health Organization higher than the United States for value of quality care relative to price.
Rica from 2008 to 2011.
+ Costa Rica’s literacy rate is the highest in Central America.
• Offers 70% or Higher LTV Financing.
MONTANA SAMARA ESTATES BEST DEVELOPMENT TO INVEST IN COSTA RICA. With the high influx of land and real estate development in Costa Rica came a barrage of fraud and mal practices of real estate developments. Pre Construction Developments had caused Costa Rica’s real estate market to become slightly volatile due in part to not being able to develop varied master planned communities in Costa
While many developments have gone vertical (built out), it is more safe to invest in developments that: • Have a Clean, Transparent, Sales Records or History.
• Offers Title Insurance. • Offers S.A. or Fee Simple Real Estate. • Offers a Gated Community or On Site Security.
Montana Samara Estates has earned a prestigious award in 2013 as “Best Development to Invest in Costa Rica” due to its impressive 0.00% bad sales transactions since it launched in 2004. Aside from Montana Samara’s excellent reputation, there is 75% LTV financing.
International Real Estate Developments 19
The climate in the foothills of Samara is considered to be one of the best climates in Costa Rica as the NorthWestern region of Costa Rica has light rainfall and often encounters droughts and water shortage problems. In the South-West areas, Costa Rica experiences the polar opposite amount of rain with heavy rainfall. The Samara foothills offers temperatures that are cooler than the beach areas, and whereby air conditioning is not needed. Montana Samara has only 40 Home Sites available and homes built within the master planned; gated community are all custom designed homes. Montana Samaraâ€™s signature home designer is award winning: GECKO ARCHITECTURE. GECKO ARCHITECTURE is known in Costa Rica for designing Luxury Eco Sustainable homes starting over $1 Million USD. Montana Samrara Estates offers home sites that are Valley View or Ocean View starting at $49,000 for Valley View home sites. 20
International Real Estate Developments
Every year homes are built at Montana Samara Estates. Home values range from $250k - $1 Million. Samara Beach is a prime location to start a business and retire or relocate. Costa Rica has a total population just over 4 million people, and there are vast opportunities for commerce and business. Within the past few years, large Fortune 500 companies such as INTEL and WALMART have made Costa Rica their home. www.IREDevelopments.com
Costa Rica SOCIEDAD ANONIMA Real estate property in Costa Rica is often structured as a corporation of 100 shares, which is equal to the appraised market value of the property. If a home siteâ€™s appraised market value is $100,000 USD, and it is sold as a Sociedad Anomina or S.A., then the value of the corporation is also $100,000 or $1,000 per 100 shares. All home sites offered by Montana Samara are structured as individual Sociedad Anominas. FRACTIONAL OWNERSHIP The beauty of fractional ownership in Latin American countries is that a buyer or investor is able to purchase a fraction of shares such as 25%, 50%, 75% or 100% (full ownership at 100%) of a Sociedad Anonima. Essentially, the option allows a buyer or investor to legally own a percentage of equity of a corporation that has a specific monetary value and that is secured by a real estate asset. Montana Samara offers fractional ownership for select home sites. Custom homes built on these home sites are then able to be divided into 25% equity shares that may be utilized as a Vacation Home with alternating 3 months of usage. This is not time share. There is no leased time but rather ownership and equity of mutual use of designated time. Additional management and maintenance fees pertaining to fractional ownership homes are binded to such asset classes in addition to HOA fees.
Real estate investors who had purchased ocean view luxury homes within the region of Puntarenas circa 1998 for $300,000 USD had seen as much as 900% Return On Investment by 2005.
S. A. BENEFITS There are excellent reasons why many real estate properties are structured as corporations in Costa Rica and throughout Latin America. Real estate that is set up via a corporation also protects buyers and investors from personal liability in case of accidents or suits from third parties. Property is also able to be inherited to your beneficiaries without transferring the title, thus reducing costs. Resale is also completed without costly title transfer. Investors who have an IRA in the United States are able to structure their IRAs as an owner of the shares of the company. In addition, as an owner of a corporation, buyers and investors are able to buy a cell phone, a car, or
get a phone line connected in Costa Rica. Non-residents do not have this purchasing ability. The only way to make any of the transactions mentioned is by either being a national resident of Costa Rica or the owner of a corporation. MONTANA SAMARA WEBINARS Montana Samara offers all prospective buyers, investors, equity groups, hedge funds, and other entities that seek more specific details about Montana Samara a 45 minute webinar that highlights the finer points about Montana Samara Estates, Samara Beach, and Costa Rica as an investment, retirement, vacation home, or use in another capacity.
Toll Free: 877 226 9093 E-mail: Info@SamNosRealty.Com www.SamaraBeachOceanView.Com
International Real Estate Developments 21
BLP Belize Luxury Properties
A Concierge Real Estate Service Catering to Our Clients’ Personal Lifestyles. Welcome to Our Customized Approach. At Belize Luxury Properties, we are dedicated to providing both buyers and sellers with the highest level of service. We review, inspect and select the properties (and where applicable the building plans, permits and techniques) we represent. Our focus is to oﬀer premier personal service and communication with clients to achieve the clients’ goals. We are the only luxury real estate ﬁrm in the country of Belize providing a wide range of services incomparable to any other ﬁrm. We are proud to oﬀer exceptional real estate services, proven expert buying and selling strategies, negotiation expertise, legal services (through our in-house attorneys), escrow services all with professionalism and integrity. Whatever the real estate need, simple or complex, residential or commercial, BLP has the expertise to guide you through all phases of the transaction extending to further planning and development. We have succeeded when our valued clientele is satisﬁed.
We Provide All the Following Services: Real Estate Agents/Brokers • In House Architects/Designers • Access to Luxury Builders/Contractors • Financing and Oﬀshore Structuring Services • In House Attorneys • Title Insurance • Escrow Services and USD Personal/Corporate Account (if desired) • Project Development
For more information on this property
Contact 888 560 1119 Ref# BZ-23 E-mail: firstname.lastname@example.org
discove r you r
i n P u e r t o Ri co
Your Source for Properties in Puerto Rico
Buying Real Estate Properties in Puerto Rico? Let us find you the perfect property! We specialize in a variety of properties including: residential homes, condos, waterfront properties, luxury homes, vacation homes, rentals and commercial properties. We can also help you find new home constructions, marinas, investment properties, golf course community homes, gated community homes, townhomes, walk-up homes, land investments, resort properties, island properties, foreclosures and historic properties in Old San Juan. We also service the outer Islands of Puerto Rico, Culebra and Vieques Island. If you have any questions about the Puerto Rico real estate market, relocation packages or investment opportunity, please let us know! We also serve as Real Estate Consultants. We assist with the services of Lawyers, Engineers, Appraisers, Surveyors, Inspectors, Financing, Accountants, Contractors, Travel, Transportation, lodging and Moving. Our company is run and managed by REALTORS, who are leaders in the real estate industry with over 20 years of experience on a local, national and international level.
Reasons to Invest in Puerto Rico: • No Property Tax or Minimal Tax in Some Cases • No US Passport Needed for US Citizens • US Banking Systems • US Buyers Incentives • Political Stability • No Ownership Restrictions • Minutes From Airports Certiﬁcations include: CCIM, CIPS, CRB, GRI, TRC | Tel: 888 560 1119 Ref# PR-25 | E-mail: email@example.com
The proposed US$1.8 billion, 4-5 star Resort & Casino is situated in Rose Hall, St. James, Jamaica
Jamaica’s Biggest Luxury Project
“I see property values set to explode, resulting in nothing but joy for our existing owners and very little time for our future buyers to take advantage of the opportunity to gobble up our remaining residences.” 24
International Real Estate Developments
rime Minister Golding of Jamaica, formerly announced in Parliament that his Government has entered into an agreement with the developers of The Palmyra Resort & Spa at Rose Hall to construct Jamaica’s first casino hotel. The proposed $1.8 billion, 5 star Resort & Casino is situated in Rose Hall, St. James, directly across the street from three championship golf courses on the island of Jamaica. The property is located on approximately 65 acres, which includes nearly one kilometer of beach front property. The Resort & Casino enjoys the extraordinary feature of being less than a 15 minute drive, on a brand new 4 lane highway (with median), from the Montego
Palmyra Resort established itself as “The Tourist and Financial Capital of the Caribbean.” Over the last 5 years, the area of Rose Hall at the center of Jamaica’s Gold Coast has experienced explosive growth, turning the elite enclave into a veritable tourist mecca with several high-end hotels, three championship golf courses and a luxury shopping village. The new project firmly places Rose Hall on the map as the new ‘hot-spot’ for the in-crowd to reside and play. Dennis Constanzo, President of The Palmyra Resort & Spa, stated, “The casino is just a fraction of the investment. We want to build a world-class destination, which will result in the creation of thousands and thousands of jobs.”
Bay International Airport. The project shall consist of the main building, a sixteen story structure containing 1,500 villas, a 75,000 square foot Casino and Sports Book, a state of the art discothèque, assorted meeting spaces, including a divisible ballroom, an outdoor function area, retail space, front desk lobby, a spectacular lobby lounge overlooking the Caribbean ocean, bars, restaurants, kid’s club, health club, spa, back of house, etc. In addition to the main building, the project shall include a marina, a shopping center complete with its own Restaurant’s Row, a Dolphin Bay, 4 secluded beaches, an arts fair market, the Blue Mountain Water Entertainment Complex, an iconic 2,500 seat water amphitheater, as well as many other premier attractions and features. The project will also be connected, by way of a pedestrian overpass spanning across the freeway, to a 2,500 person capacity convention center, committed to by the government of Jamaica.
“I can confirm that we are currently in negotiation with several major, hotel and casino brands, which recognize the opportunity that Jamaica presents,” said Robert T. Trotta, developer of The Palmyra Resort & Spa. The development will encompass a 10 acre Blue Mountain water and entertainment complex with slides, lazy rivers and lagoons, a Dolphin Bay marine attraction, a water amphitheater for concerts and entertainment that seats 2,500 people as well as a world class marina. Additionally, the multi-layered resort project will offer a variety of restaurants, nightclubs, entertainment and shopping experiences. Robert T. Trotta, Developer of The Palmyra Resort & Spa, stated, “The project will prove to be the ‘tipping point’ for unprecedented growth in both tourism and property values in Jamaica. The next decade will come to be known in Jamaican history as the moment in time when Jamaica
According to Constanzo, with the announcement of the first casino in Jamaican history being directly next door to the Palmyra, Constanzo continued with his commentary stating, “I see property values set to explode, resulting in nothing but joy for our existing owners and very little time for our future buyers to take advantage of the opportunity to gobble up our remaining residences. As such, we expect a quick sellout of our remaining residences.” Legendary hotelier Horst Schulze, President and CEO of Solis Hotels & Resorts, which is the management company of The Palmyra Resort & Spa, also commented on the project with high level of respect and optimism specifying that, “This is spectacular news! Casino entertainment will be a ‘Number One’ amenity for our guests. It will provide a huge promotional advantage that will place Jamaica at the top of the list of Caribbean destinations and bring additional, high-end tourists to the island.”
International Real Estate Developments 25
Wanted: Developers for Turn Key Luxury Development.
Award Winning Development FLAMINGO
Surpasses All Expectations
Located in North Flamingo - Playa Potrero, Guanacaste, Costa Rica
Why Develop in Flamingo? Turn Key Flamingo Development offers the opportunity to own one of a kind premier oceanfront condominium in Guanacaste, Pacific Coast of Costa Rica. An architectural masterpiece, located in a paradise which is majestically nestled among the lush green vegetation that defines Costa Rica’s exclusive golden coasts’ tropical dream. This opportunity has dedicated to fulfill all Pre-Construction milestones and is ready for a Development Group to invest and leverage short term construction for high yield return on investment.
Exclusive Inventory of 19 High End Condo Units
Nominated as One of Costa Rica’s Best OceanFront Luxury Developments.
“Beverley Hills” of Costa Rica: Exclusive Flamingo Area
Brokers & Principals Request Acquisition Offer Now Seeking Development Groups. All Permits Approved. Development is located only 550 meters from the largest and most luxurious $91 million dollar 466 slip marina (future development) in Costa Rica. Our project is strategically close to everything else such as the International Airport, shopping center, golf course and many great destinations to explore for activities such as deep sea fishing and diving. Four minutes south, there are health facilities, banks, night clubs, post office, restaurants, bars, casino, schools, buses and more. This is the LAST beachfront project that has permits for 6 floors! (The new law will only permit 2 floors from now on.) Financing Available with 20% Deposit. Developers and Development Groups Welcome to Request Acquisition Offer.
For more information, please call Toll Free: 1 888 560 1119 Ref# I.I. 07 • E-mail: firstname.lastname@example.org
1 ultra luxury - 3 floor - penthouse Fully Titled Beachfront. Permits for 6 Floors. Oceanfront. Great View & Sunsets. Only 19 Condominiums. All Permits Approved.
The World’s Most Beautiful Tropical Paradise...
Are you looking for expert advice and assistance in helping you purchase (or build) a property, a home, a condo, a hotel or developing a property in beautiful Costa Rica?
I am a twenty year veteran who has been involved in more transactions than any other realtor in the country. I project managed the ﬁrst coastal community built on the Paciﬁc Coast of Costa Rica. I was a ﬁve-year member of the executive management team of the master developer for the largest and to date most successful destination resort community built in Costa Rica. My knowledge, expertise and contacts are yours. Simply let me know how I can help you.
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Scott A. MacDougall Owner-Century 21 At The Beach Owner-Paciﬁc Coast Construction Owner-Valicy Development Corporation
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Buy Dubai Real Estate
By: Mahesh Kosuru
he Dubai Property Market had reached its peak circa 2006, when foreign investors were flocking to the shores of the emirate to take advantage of the real estate boom. Rapid development has characterized the cities and sandy beaches of deserts have been forced to give way to skyscrapers, artificial lakes and massive retail spaces. In 2010, the local government encouraged growth by maintaining a no personal, sales or corporate taxes policy. Such steps have had a tremendous impact on foreign investment and have allowed for a number of mega-projects to be staged in this glorious city. Whatâ€™s more, Dubaiâ€™s rapid development has not resulted in city slums, poor buildings and a strained infrastructure. The economy has benefited in ways never before imagined from such mass investing and raised the standards of living higher than in most other parts of the world. It is facts like these, combined with the striking beauty of the ever-expanding facade of the city, that has earned the city the nickname Pearl of the Gulf.
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Man-Made Islands In a geographical region with a reputation for political instability, Dubai has separated itself from issues that affect surrounding emirates and has instead established itself as a holiday home haven, a regional hub for finance and trade, a notable tourism destination and even a center for technology. All these factors continue to influence the ever-growing property market and as a result, the market is set to continue to sustain for at least the next decade. What’s more, the government has recognized the positive impact of foreign investment on the local market and is taking steps to abolish protective property laws, so that this investment can continue to take place with less hassle. While certain aspects of property ownership and residency rights for foreign investors still need to be firmly established, the liberal attitude towards property laws in Dubai not only encourages investment but, in some cases, serves to be most profitable for the investors. The immense growth and rate of investment can perhaps be best seen in several of the mega-projects, which have put Dubai on the architectural map. These include: The World Dubai, The Palm Jumeirah, The Dubai Marina and a number of Arabian Ranches. The World is an impressive cluster of some 300 private, man-made islands. The islands are shaped into the seven continents
...Dubai Marina is also entirely man-made and is set to become the largest manmade marina in the world.
of the world and are surrounded by a breakwater. The total collection of islands covers an area of roughly 9 kilometers in length and 6 kilometers in width. Reachable only by marine or air transport, The World offers an opportunity for investors to own their own little island that’s picturesque and private. Investors are already clamoring to gain their hands on one of these islands even though the project is not yet complete. Holding and selling paper is still a common practice in Dubai. The Palm Jumeirah is similar in that it is an artificial landmass that stretches out into the sea. It is shaped like a palm tree and is one of a set of three mega-projects, which line the coast of the city. Unlike The World, the Palm Jumeirah serves as an island resort - not a residential area. The other two islands are under construction and will be completed soon. The Dubai Marina is also entirely man-made and is set to become the largest man-made marina in the world. The Marina has been created as a sort of city in a city where people can enjoy all the exclusive comforts of living in a world-class city. Upon completion, it will have more than 200 high-rise buildings and cover an area of 50 million square feet. If the idea of living on the shores of this mega city does not appeal to you, then you may wish to turn your attention inland. The Arabian Ranches are set in the midst of a fast-changing desert, just a few minutes outside of Dubai. A great place to relax and get away from the pace of the city, the Arabian Ranches feature an impressive golf club, an equestrian center, a polo club, a village center and an English-speaking school, are just a few of the many amenities that Dubai offers.
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