Bucking the trend in many overseas property markets, The Resort Group Plc has sold off-plan more than three-quarters of the 1,205 fully-furnished villas, apartments, studios and hotel suites planned for its flagship five-star development in Cape Verde, it was announced today.
The Dunas Beach Resort and Spa – to be managed by the world’s largest resort hotel group, Sol Meliá – is under construction on the west coast of Sal Island where work is advanced on the first properties scheduled for completion next summer.
Seven spacious single-storey, detached five-bedroom, four-bathroom beachfront villas – already snapped up by investors – form part of the first development phase of 54 villas, 80 apartments and a Meliã Gabi Club, a sophisticated bar and grill located right on the beach, with a pool, day beds and sun-loungers.
The latest construction images, which are updated weekly due to the rapid pace of development on site, can be seen online at www.dunasbeachresort.com/construction-progress.html
Commenting on The Resort Group’s soaring sales, marketing director Adam Ellis reveals that many purchasers on Dunas Beach Resort and Spa are pension investors buying through a SIPP (Self Invested Personal Pension).
He says: “They have been attracted by our confident prediction – backed by global real estate services provider Savills – of annual capital growth of up to nine per cent over the next five years and double digit rental yields. All this means we only have a small number of our first phase properties still available.”
Current prices of the properties at Dunas Beach Resort and Spa, which vary with size and location, start at €139,950 for a studio rising to €449,950 for a three-bedroom villa.
For more details call The Resort Group Plc on 01332 378818, email email@example.com or visit www.dunasbeachresort.com