In the enchanting Mediterranean island of Malta, real estate investment has long been a popular choice for both domestic and international buyers. Currently, The ORA Residence, a brand-new SDA property located in St. Julian’s, is in high demand during its pre-sale phase. This project not only boasts a prime location and extensive amenities but also offers unique investment opportunities for buyers. In this article, we will explore the advantages and investment potential of The ORA Residence, helping you seize the opportunity in the Maltese real estate market.
Overview of The ORA Residence
The ORA Residence is situated in the highly sought-after tourist destination of St. George’s Bay in St. Julian’s, Malta. This area is renowned for its beautiful beaches, vibrant commercial districts, and diverse dining options, attracting countless visitors and international companies. The ORA Residence consists of two high-rise buildings: the 18-story West Tower (ORA West) and the 17-story East Tower (ORA East), featuring modern design and elegant aesthetics. More than just a living space, The ORA Residence is a comprehensive community with a range of high-end amenities, including:
– Luxury Five-Star Hard Rock Hotel: The hotel features 385 rooms, offering a full range of services and facilities to create a unique vacation experience for residents and visitors alike.
– Large Shopping Center: Spanning approximately 25,000 square meters, the shopping center will host numerous international brands to meet residents’ shopping needs.
– Malta’s Largest Health Center: This includes a 3,300-square-meter gym and spa, helping you maintain your health and vitality.
– Diverse Dining Options: The project will feature 12 restaurants, including the renowned Hard Rock Café, offering a wide array of culinary choices.
– Internationally Recognized Beach Club: Residents will enjoy a unique experience with easy access to the beach, soaking up the sun and waves.
– Green Spaces and Vertical Gardens: The project plans over 5,000 square meters of green open space, providing a tranquil escape from the bustling city.
Advantages of SDA (Special Designated Area) Properties
The ORA Residence has been granted SDA status, which means that both EU and non-EU citizens can purchase property here with the same rights as Maltese citizens. This policy significantly lowers the barriers for overseas investors, allowing buyers to enjoy the same rights as local residents. In simple terms, SDA properties have two key features: first, there are no purchase limits, allowing non-EU citizens to buy multiple units; second, rental income, including short-term rentals, is permitted by the government.
Features of The ORA Residence
Each unit will be delivered with high-end finishes and offers a choice of three different design styles, ensuring that every resident can find a home that suits their taste. All units will be equipped with the following premium features:
– Secure front doors
– Stylish interior doors
– Bathrooms with underfloor heating
– High-strength wind-resistant windows
– VRF air conditioning systems
– Wooden flooring in bedrooms
– Designer smart lighting systems
– Soundproofing on all floors to minimize noise impact
Current Construction Progress of The ORA Residence
The construction progress of The ORA Residence is clear, with the developer announcing the following key milestones:
– Podium Level: Expected completion in October/November 2024.
– Built-in Shell: Scheduled for completion in November/December 2025.
– Full Completion (Turnkey): Anticipated delivery in June/July 2026.
This timeline provides buyers with clear expectations, facilitating financial planning.
Flexible Payment Plan for Buyers
When purchasing The ORA Residence, the developer offers a flexible payment plan to help investors manage their finances more effectively:
– Reservation Fee: €25,000
– 10% Payment: Due upon signing the purchase agreement
– 20% Payment: Due when the East Tower’s structure is completed or by the end of July 2025 (whichever comes first)
– 70% Payment: Due upon full completion and contract signing
This installment payment arrangement significantly eases the financial burden on buyers, making investment more feasible. Additionally, according to local market rules in Malta, signed purchase agreements can be transferred, similar to pre-sale properties in certain regions of China, providing investors with a new perspective on property investment.
Investment Potential Analysis of The ORA Residence
As a rapidly developing tourism and business hub, Malta’s real estate market has consistently shown strong growth. With its prime location and extensive amenities, The ORA Residence is poised to become a highly attractive investment project in Malta. For investors looking to purchase property in Malta, this is undoubtedly a rare opportunity. As property prices in Malta naturally increase with construction progress, booking now could yield an investment return of up to 50%. Currently, the average price per square meter for The ORA Residence is approximately €9,000, and it is expected to rise to at least €14,000 per square meter upon completion.
Whether for personal residence, applying for Malta’s MPRP permanent residency, or investment purposes, we anticipate that The ORA Residence will provide substantial returns.
The ORA Residence is a rising star in Malta’s real estate market, offering a unique geographical location, luxurious amenities, and flexible purchasing policies, making it an ideal choice for both buyers and investors. Whether you are looking to own a home in this sun-soaked island or seeking a high-quality investment project, this is an opportunity you cannot afford to miss. Seize the chance to be part of The ORA Residence and enjoy the benefits of living in one of Malta’s most desirable locations while making a smart investment for your future!
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