Category Archives: Real Estate

Land, houses and condos for sale

Aldea Zama condos successful investments: the good return of premium real estate

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Zama Village, an excellent vacation rental business

Zama Village, an excellent vacation rental business


Just after 8 months of the completion of Zama Village, the first condo building at Aldea Zama, the investments has proved to have hefty returns.

Zama Village was totally sold (a few units available for re-sell) by its developers, Kaua Group, and Real Zama, the second building is also almost sold (less than 5 units remaining). Real Zama, located some 200 yards away from Zama Village is a smaller building, with smaller 2 bedrooms/2 bathroom condos, selling from US$ 170.000 on average (penthouses from $250k), a 20%-25% more than the price of Zama Village. Due to the success of Zama Village and Real Zama, Kaua will start developing a third condo building, Zama Gardens, with prices again increasing other 20%, while spaces becoming smaller.

In addition to the Kaua projects (Kaua has some shareholders in common with the owners of the Aldea Zama development), there are other 2-3 buildings under construction, and some other 4-5 in the pre-sale phase.

The services and infrastructure of Aldea Zama are impecable, with miles of paved roads surrounded by jungle waiting for the construction to start.

The ownership of condos at Zama Village has also turned a good business. In addition to a 20% appreciation, owners are receiving a vacation rental income as high as 10%-12% annually (after deducting maintenance and management fees).

Aldea Zama (Tulum Mexico) is progressing very fast, new condo buildings and commercial area ready

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In the last year the works at Aldea Zama Tulum have increased its pace and the changes are radical. The first condo building, Zama Village (developed by Kaua Contructores) was finished and delivered in time last May.

After the fast sale of the 34 condos, Kaua started building Real Zama, Zama Village’s smaller brother, just 200 yards away from the first project. Local realtors indicate Real Zama is also selling fast even though prices are some 20%-30% higher than the pre-sale prices of Zama Village. With very few high quality condo options, and the success story of Zama Village the appreciation potential is high. Real Zama has 2-bed 2-bath condos starting at US$ 170.000 (it also has 2 3-bed penthouses).

A third condo building project is under way: Prana, around the corner from Real Zama. Prana boasts 42 condos, starting at US$ 160.000. They are all 2-bed 2-bath units, with the exception of 4 3-bed penthouse condos.

All the common areas of Aldea Zama and the infrastructure is also developing very fast. The first commercial area was officially inaugurated and owners are expected to build the first stores before the end of the year. The architecture of the commercial area is really unique, with a pedestrian central street, lots of trees and everything made of low visual impact materials, perfectly integrated with the landscape. The internal roads are impecable, and they have also built a bicycle pathway leading to the beach. Bicycle is the tourist’s favorite mean of transport in Tulum, and something that makes Tulum a very different place from Playa del Carmen or Cancún.

Real estate prices in Tulum keep on rising

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tulum real estate best developments
Despite all the world’s financial markets crisis and the real estate bubble implosion in the US, Tulum property prices keep on rising.

Residential land plots in the La Veleta and the southern end of town (the areas with the more massive development) and can be bought for around US$ 80/m2 (or US$ 80/10.6 square feet), when prices were some 50% lower 3 years ago. With a population growing some crazy 15% per year, this southern part is the one with more projects currently under development, ranging from low end popular buildings to some condo developments with vacation rental potential. The mid-tier development “Riviera Tulum”, the largest development in the area boasts small residential lots of 210m2 (2.200 square feet), ready to build, for some US$ 150/m2.

In the area of the future Kukulkan avenue no project is yet being developed, however prices have already increased some 100%-150% in the last 5 years. Kukulkan has two advantages, it is closer to the sea than the developments south of town, and it is nearby Tulum’s best development: Aldea Zamá. The problem with Kukulkan is that nobody really know when the avenue is gonna be completed (less than 10% paved) and the connection to the beach opened (today you need to make a big detour, go through town and head to the beach taking the Aldea Zama road). Lots in the Kukulkan aerea are big, usually around 2.500 m2 and they sell from $80/m2 to $300/m2 depending how far they are from the beach and the entrances to Aldea Zama. The closest you can get in this area to the sea will be 800 yards, when the access to the beach is open.

In Aldea Zama the land costs some U$S 300/m2, with the best residential and commercial lots around US$ 350/400 depending on its location. Aldea Zama is about to radically change in every way, as after a long 4-5 year construction period the first condo building (Zama Village) is already completed, and a second one (Real Zama) is expected to be completed before the end of 2012. Also, last month the first commercial area, a cute eco-chic pedestrian street, was formally inaugurated. First shops should open around the November/December 2012.

Apartments and condo prices are also on the rise, especially in Aldea Zama where the offer is limited and both the finishings and common areas are much more upscale. Zama Village condos sold for US$ 160.000/US$ 300.000 are already some 20% more expensive than pre-sale price (January 2010) and they have a sustained demand for vacation rental.

Check Tulum real estate opportunities and listings in our free classifieds section

Tulum Mexico’s high population growth: immigration, marriage and births

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Tulum is a booming town, no crisis seems to affect the optimism of its fast growing population (total population in the Tulum municipality reached 28.283 in 2010).  In the recent 2-3 years, Tulum boasted a population growth rate in the range of 12%-15%, overtaking Playa del Carmen as the fastest growing city in Mexico.

The fast growth is fueled by immigration, both internal and from foreigners, and by the high ratio of births/deaths (737/51 in 2009).  Another curious detail that explains fast growth is the high number of marriages versus divorces: 324 against 6.  The number of marriages might be somehow overstated as a lot of visitors chose Tulum for a beach wedding, but they do settle in Tulum.

I guess these demographics have direct influence in the good mood of Tulumers.  And definitely bode well for real estate development.

Check Tulum real estate opportunities and listings in our free classifieds section

 

Zama Village condos (new development in Aldea Zama) construction update

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UPDATED: ZAMA VILLAGE CONDOS ARE ALREADY FINISHED. RENT THE BEST 2-BEDROOM AND PRIVATE ROOFGARDEN PENTHOUSE CONDO STARTING FROM JUST $700/WEEK. Check recent pics, condo description, rates and availability here. 

The Zama Village condos development, the first one in Aldea Zama and one of the best Tulum projects, is expected to be ready by next April, one month before the promised delivery date.

The latest pictures (January 2012) already show a great progress.  All services are ready, even the large pool is already waiting a splash!  There are only two condos left for sale, so if you want one and do not hurry you will have to wait for the second Zama Village development (probably at higher prices).

If you are interested in buying one contact Mariela Tugores, and if you want to make a reservation for a weekly Zama Village rental drop me an email.