This year 2017 promises to become an interesting year for real estate in general in Aruba. There are a few things that are happening that might interest you in terms of your investment decisions in Aruba.
The most notable announcement made by officials in 2016 was the modification in legislation set for Q1 2017 which will allow current vacation rental houses to be legalized and to be used as such. This will be possible in the area from The Ritz-Carlton Hotel to Arashi Beach.
Notable at the beginning of 2017 was the news that the operator of the currently in construction airport hotel project is going to be operated by Hyatt Place.
The other notable news was the acquisition by Marriott of the operation of The Mill Resort. The owners of the building agreed to have Marriott Courtyard convert the resort into a Marriott-level resort. The resort is scheduled to shutdown in Q2 2017 and reopens in the winter of 2017.
For the small and/or private investor, this opens up new opportunities. The data as the tourism office released for 2016 suggests an increase in the share of visitors staying in vacation rental properties, or as it’s called abstractly by officials “other accommodations”. Apart from this, some people prefer to stay elsewhere from the typical big-name brands and try something more local.
This brings us to today’s suggestions that might fit into the trend of the vacation rental/Airbnb or small boutique hotel.
Tierra del Sol [Exclusive]
Located in Aruba premiere zone of Tierra del Sol Golf Community and Spa, this house has 3 bedrooms, 3.5 baths, pool and is completely furnished, is on the market.
The surroundings are stunning, with a golf course view on the southern part and the community bordering a nature reserve on the northern side.
The house, which has been recently refurbished, features a typical tropical architecture, high ceilings and has a classic Caribbean tiled roof. The pool offers nice nature views and privacy.
Further data on this property, it measures a generous 1991 square feet (182 square meters) and the land is 6437 square feet (598 square meters). The asking price is $795,000.
Contact form at the end of this article.
Following a photographic tour of the house:
Ocean Z is considered by many to be the truly first boutique hotel in Aruba. Although other hotels call themselves boutique hotel, Ocean Z has elevated this to the next level.
The building features a lot of open spaces, high ceiling and plenty of glass. This allows for lots of natural light to get in. The bathrooms also feature this concept. A fact is that the finish across the hotel is high-end with an equally high-level and personalized service to boot.
The hotel has two buildings. The oceanfront building features two suites with their own private swimming pool. The suites allow you to witness front and center the spectacular view of the Caribbean sea and sunset in its full glory.
The building in the back is separated features seven double rooms, that stand out the design simplicity and elegance. The two buildings are separated by a pool.
Furthermore, Ocean Z features a solarium, a small beach shop and a small restaurant with an international menu.
Ocean Z has a total of 13 rooms and is build on 15,285 square feet (1420 square meter) land. Ocean Z has been open since 2016 and is available for purchase. Asking price is $9.5 million.
Contact form at the end of this article.
Las Islas [Exclusive]
Las Islas [translation: The Islands] is a 14-unit condo project located footsteps away from world-famous Palm Beach. This development is a small oasis of peacefulness in the hustle and bustle of Palm Beach. Located near the hotels and shopping malls a unit at Las Islas certainly will be attractive in the vacation rental market.
The project has only 2 floors, and a unit is approximately 1615 square feet (150 square meters), has a swimming pool, barbecue, and one parking spot. Additionally, there is a general parking area for visitors.
There are a few units available and with the asking price start at $450.000.
Following a photographic tour of a unit with staging. Not all units feature staging:
If you are interested in any of featured property in this article, please use exclusively below contact form.