Its Back To The Future For Dunas Beach

15.12.2008

You may remember that at the beginning of 2008 sales on our Tortuga and Dunas Beach Resorts on Sal Island, Cape Verde reached an all time high ... 91 sales in just one month!

It was an amazing start to the new year and, on paper, would seem difficult to beat.

We are looking for a flying start to 2009 that will help shape the whole year.

Hence ... Back To The Future!

For the month of January 2009 the following features will apply ...

* Prices rolled back to EARLY 2008 prices ... this means a range of discounts right up to an astonishing €82,000 !!!

* Applies to ALL remaining stock on Dunas Beach Resort (unlike January 2008 this offer also INCLUDES VILLAS)

* The recently launched "Easy Ownership" payment options apply (therefore making it even easier to sell than January 2008).

* As a quick reminder, the Easy Ownership options are as follows ...

    - Option 1 ... €2,000 Euro Res Fee / 35% Deposit (less res fee) / 65% On Completion ... Interest paid on deposit monies / Free legals / Free Aircon / 50% Discount on Hotel Excellence Furniture Pack.

    - Option 2 ... €2,000 Euro Res Fee / 45% Deposit (less res fee) / 55% On Completion ... Interest paid on deposit monies / Free legals / Free Aircon / 100% FREE Hotel Excellence Furniture Pack.

    - Option 3 ... €2,000 Euro Res Fee / 25% Deposit (less res fee) / Then three 20% Stage Payments at 6 mthly intervals / Final 15% WRITTEN OFF ... / Free legals / Free Aircon / 100% FREE Hotel Excellence Furniture Pack.

BUT......

One key factor that has changed over the last 12 months has been the downward movement in exchange rates,

now we fully understand that CASH IS KING...........                                  

Therefore we are also delighted to announce that FOR ALL SALES during January 2009, we will be rolling back exchange rates as well!

* GUARANTEED EXCHANGE RATE OF 1.33 Euros to the pound (this was the average rate for Feb 08). The guaranteed rate of 1.33 applies to the initial deposit on all 3 Easy Ownership Payment Options (ie 35% Option 1 / 45% Option 2 / 25% Option 3). This is worth £££THOUSANDS to our buyers.

Please note, although we fully expect to keep the rate of 1.33 guaranteed for the whole of January 2009, we do reserve the right to review this in the light of severe exchange rate movements. However there will be no retrospective changes (after a Reservation Form and Fee have been received on a property). 

NOTHING MORE TO PAY UNTIL COMPLETION (options 1 & 2) WHEN HOPEFULLY THE POUND WILL HAVE STRENGTHENED!! 

We hope you like our 'Back To The Future' campaign for January 2009.

 In February, prices will return to the normal rate and then in March we will be announcing a further price increase (likely to be 7%), this will be good news for existing buyers and will be on the back of construction starting and the formal announcement of our 5-Star hotel partner.  

Even then Dunas Beach we will still be the most competitively priced quality resort in Cape Verde.

60 SECOND SUMMARY  

So, in summary, it's great news all the way, great for existing buyers, great for future buyers and loads of great reasons to buy ...

* Full and unencumbered title to land

* Planning Permission approved

* Environmental impact study passed

* Building license granted and issued 

* Savills 'red book' valuations ... Bare land (assuming no pre-sales) Tortuga €22.3 million Euros and Dunas €42.7 million Euros

* Tortuga SOLD OUT

* Dunas 54% sold

* 5-Star hotel operator terms agreed ... largest resort hotel group on the planet ... 120,000 hits PER DAY on their worldwide reservation systems 

* Expect double digit rental yield ... consistent and SUSTAINABLE

* Capital appreciation from rising tourism in a rising and emerging market with all the magic ingredients in place

* Market leading Easy Ownership ways to buy

* Location ... amongst the very best beach-front in the world 

* Resorts delivered in true 5-Star quality ... highest construction budget per sq m in Cape Verde history

* Outclassing the competition re quality

* Outperforming the competition re price

* Construction costs cash flowed through the financial strength of the developer, pre-sales and bank finance 

* Banif bank signed off construction finance at the height of the credit crunch ...

* Construction contract T&C's agreed ... Fenced off and ready to go ... Breaking ground ceremony expected just before Christmas

* Back To The Future for the month of January 2009 ... EARLY 2008 PRICES plus EASY OWNERSHIP OPTIONS plus GUARANTEED EXCHANGE RATE OF 1.33 plus AVAILABLE ON ALL STOCK 

We believe this is the best overall package with complete security of due diligence ... we will not be beaten!

Dunas Beach Resort is a low density resort located on the beautiful white sands of Ponta Preta beach less than twenty minutes from Sal's international airport. Dunas Beach Resort is a premium development of high-specification new villas and apartments. Perfectly positioned to capitalise on Cape Verde's fast-rising popularity, it represents an outstanding investment opportunity.

The Development

Off-plan prices from € 99,950 for a 1 bedroom apartment and € 299,950 for a 3 bedroom detached villa.

• Stunning beachfront location
• Short walk to the little town of Santa Maria
• Close to golf courses
• Low density (only 20%)
• Established high quality developer
• Front-line single storey 5 bed detached villas
• Two storey 3 bed detached villas with private pools
• 0ne, two and three bed apartments
• Kitchens and air conditioning included
• Beautifully landscaped spaces, pool areas and secluded walkways
• Outstanding investment opportunity for rental or resale buyers, as well as those looking to buy a holiday home
• Direct flight from the UK
• Free investment tours

Facilities

• Communal pools and relaxation areas
• Shops and convenience store
• Landscaped gardens
• Luxury Hotel with wine bar, piano bar and 2 restaurants
• Poolside bar and restaurant
• Luxury Spa and state of the art Gymnasium
• Tennis Court
• Childrens play area
• Security gate-posts monitoring access to the resort

Why Cape Verde?
These are some of the reasons why:

• Prices are low in comparison to the Caribbean and comparable locations.
• The Islands were until recently relatively undiscovered and tourism is increasing rapidly underpinning the demand for accommodation.
• Proximity to Europe with direct flights from Gatwick and Manchester taking about 5 ½ hours. There is also an "Open Skies" policy which allows other airlines in addition to the Cape Verde national airline TACV, to fly to Cape Verde, leaving scope for more direct flights and competitive air fares.
• Politically Stable
• The climate is dry tropical, enjoying daytime temperatures ranging between 23 degrees to 30 degrees and up to 10 - 12 hours of sunshine per day and little rainfall.
• Fantastic sandy beaches and clear waters.
• Several golf courses planned.
• All year round tourism with great conditions for sailing, surfing, wind and kite surfing, diving and fishing.
• No jet lag from Europe - Cape Verde is 1 hour behind GMT.
• The government is implementing a plan to develop a thriving tourist industry as this has been identified as a huge growth area.
• Set to become at least as popular as the Canary Islands.
• All property priced in Euros.
• Exchange rate of the Cape Verde Escudo fixed to the Euro.

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