Located on the east coast of the Island of Sal, Cape Verde - near the Island's Salt Mines, is Cape Verde's newest concept PEDRA DE LUME - a Five Star Development.

The development is a rejuvenation of a small village to create a beautiful Five Star village incorporating a community feel.

Roam freely through the community visiting the numerous bars, restaurants, shops, local markets, promenade and beach walks to mention but a few!

Approximately 2,000 units will be completed in the next 5 to 7 years.

These will consist of: Apartments, Duplexes, Golf Villas, Luxury villas with pools and Frontline Tower Villas

A tower villa which takes its roots form medieval period with smoothing touches ethnic/rustic inspired to south France architectural characteristics.
A beautiful property realized on 3 levels with stone and wood insets. A grand ground floor with an open space thought for living and dining room, a kitchen, a bathroom and a garage. In front of the living room a beautiful covered patio L shaped for events or relaxing moments outdoor. On the first floor 3 bedrooms with 3 en suites and a marvelous space on top composed of a covered area where you can imagine a barbecue or a small kitchen and a balcony of almost 70 m2 with a Jacuzzi and wonderful view on the sea.

Site facilities to include :

18 Hole Golf Course,
Marina & Yacht Club,
Holistic Spa,
Wellness Centre,
Club House,
Hotel,
Shops,
Restaurants,
Bars,
Local market,
Swimming pools,
Tennis Courts,
Soccer Pitch,
Volley Ball,
Badminton,
Kiting,
Windsurfing,
Sail Boating,
Sea Kayaking,
Jet Skiing,
Deep Sea Fishing,
Snorkeling,
Scuba Diving

Phase one of the development started in June 2007 - expected completion date is autumn 2009. Prices start at €115,000

Each phase is structured in such a way that once you buy into a phase that phase is stand alone and will be completed in its entirety - building of other phases will not infringe on phases already completed.

The ceremony for the laying of the first stone that marked the launch of the Project "Vila Pedra de Lume" took place on the 30th of June and was presided over by your Excellency Prime Minister, Mr. José Maria Neves. This inauguration reaffirms the position of the developer in the island as well as reinforcing its strategic position. This hotel and residential project will start with the commercialization of 528 apartments 1, 2 and 3 bed apartments, with total areas that ranges from 68 to 543m2 including balconies and common zones, and 182 Villas (330m2).

The first phase of the project will initiate in September, and the whole complex is estimated to be finished in 2013. There will be 2000 apartments, commercial areas, of leisure, parks and necessary structures for the local population and future residents.

The developer introduces in Pedra de Lume a different idea of the construction system, which is modern and innovative, thought for a high quality and comfort to the future buyers. This characteristic and also the social worries, both part of the entire project of Pedra de Lume constitutes one of the main elements that underlines the role of the developer in the island and in Cape Verde.

Phase one will incorporate the following:

1 Bed Apartments - 63-85 Sq Mtrs

2 Bed Apartments - 115 Sq Mtrs

2 Bed Duplex - 112 Sq Mtrs

3 Bed Corner Apartments - 160 Sq Mtrs

3 Bed Front Line Apartments - 168 Sq Mtrs

3 Bed Tower Villas - 238 Sq Mtrs

3 Bed Luxury Golf Villas - 192 Sq Mtrs

All units have balconies - ground floor units have gardens


PAYMENT TERMS

Apartments/penthouses/townhouses

€ 5,000 - Reservation fee
25% - On signature of contract
25% - Foundations
20% - Roof level
20% - Tiling
10% - completion

Villas

€ 5,000 - Reservation fee
15% - On signature of contract
20% - Foundations
15% - Roof level
15% - Tiling
35% - Completion

5 minutes away from the nearest town Espargos

5 minutes drive from the airport

365 days of sunshine

70% Mortgages available on completion

Prices expected to at least double in 3-4 years

Due to the huge shortage of properties in the area - we project very high rentals returns

Beautiful white sandy beaches

Ample parking available throughout the development at no extra cost.

Below is a video tour of the project