Latest News
09-Oct-2008
Mega Project Reflects Confidence in Tunisia
Mr Farhan Faraidooni, CEO of Sama Dubai, the property development arm of Dubai Holdings, recently announced that the development plans for the project dubbed “Century City” have been approved.
Tuzla Lake: The Project
Tuzla Lake is a complex of 114 Mediterranean style studio, one and two bedroom apartments located on the outskirts of Bodrum, Turkey's popular and picturesque port. Every apartment has a private parking space and most have lake and golf course views. On-site facilities include two swimming pools, clubhouse and landscaped gardens.
It is due to this healthy tourist market that investors in Bodrum real estate can see returns of 40% or more per year. Investors are attracted to Bodrum's proximity to international airports, its inherent infrastructure and guaranteed rental returns. Property prices in the area have seen a 25% rise in the last year alone.
Bodrum is a port located in the Mugla province of Turkey, on the Bodrum Peninsula and boasts a Mediterranean climate of sultry summers and mild winters. The port has managed to retain the old-world charm of its maze of ancient cobbled streets, while catering for the world's elite with a bustling nightlife and a modern marina housing millionaire yachts.
Bodrum's proximity to major airports, its stunning scenery and rich history, along with its status as a prime location for yachters, divers, golfers and cosmopolitan tourists, help make it the investor and tourist attraction that it is today. In addition, off-plan investors are drawn to the fact that Bodrum has the lowest price per metre for build on the entire coast.
The Development
The site is four miles to the nearest beach and three miles from Vita Park, which has two 9-hole golf courses and one 18-hole course spanning 1,250 acres of land. It is also 3.8 miles from an existing Obelisk development, Cipura Villas, which is a 3 bedroom villa development located on the same peninsula.
The site will enjoy complete privacy due to its restricted and secure access and will be planted throughout with landscaped gardens. The Tuzla Lake Apartments development will also comprise two swimming pools and a complementary clubhouse with showers and changing facilities.
The competitive pricing structure of Tuzla Lake Apartments, combined with its location on the peninsula and close proximity to nearby amenities, as well as other new developments, makes this latest site a very exciting investment opportunity.
The Properties
Tuzla Lake Apartments will comprise 114 Mediterranean style apartments made up of a mix of studio, 1 bedroom and 2 bedroom apartments, developed across 17 two storey blocks, where all first floor apartments contain a rooftop terrace. Each unit will have a private parking space as standard and most apartments will have lake and golf course views.
All fixtures and fittings are of the highest quality - floors are finished in top quality ceramic tiles throughout and all windows are UPVC and double-glazed. Apartments are fitted with top quality modular kitchens, chrome sinks and VITRA fixtures, with similar high quality fixtures and fittings in the bathroom. All the communal and private gardens will be landscaped with grass and trees.
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