The MON Residence, Aruba • Land Area: 2.000 sqr m. • Building Area: 1.845 sqr m. • 25 Apartment Units Sizes between 65 & 100 sqr m. • Commercial Area • Roofed indoor private parking, outdoor visitors parking • Rooftop terrace amenities: Pool area Bbq grill areas Gym / spa Lounge areas Kids playground
The MON Residence in Aruba is currently in the preliminary project phase. Although they do not yet have a functional product, they are sure that once the construction has begun, the project will be sold in less than a year due to the interest and demand of potential customers looking for this type of project.
It is important to note that the project is at an initial stage and although it does not yet have confirmed clients, there is a solid base of potential customers interested in acquiring units once the project is underway.
This information provides a clear view of the projection for the future commercialization of the project once it is in development.
The real estate market in Aruba is a combination of international and local demand, with a significant focus on the tourism industry and foreign investment. Potential customers can include both tourists looking for real estate investments on the island and local buyers interested in residential and commercial properties.
International clients are usually people of working or retirement age who are looking for real estate investment opportunities in tourist destinations. On the other hand, local customers can be made up of young families looking for housing, as well as entrepreneurs who want to establish businesses on the island. The geographical location is a crucial factor, since Aruba is known for its warm climate, beautiful beaches and relaxing atmosphere, which makes it an attractive destination for international buyers.
In terms of the number of hypothetical customers, the real estate market in Aruba can be considerable due to the attractiveness of the island for international tourists and investors. However, it is important to consider that the local market also has a significant influence on property demand, especially in residential and commercial areas.
As for the global and local market in terms of value and quantity, it is likely that it is experiencing an upward development in demand, especially in areas related to tourism and foreign investment. Given the attractiveness and popularity of Aruba as a tourist destination, the real estate market has the potential to continue growing, both in value and in number of transactions.
In summary, the real estate market in Aruba is characterized by a diverse demand that covers both international and local customers. With the continuous attractiveness of the island as a tourist and investment destination, it is expected that the market will continue to develop upwards, offering opportunities for real estate projects such as the MON Residence.
Problem or Opportunity
- Shortage of real estate development: Despite Aruba's tourist attraction, the supply of quality real estate developments may be limited, which represents an opportunity to meet the demand for luxury properties.
- Sustainability and conservation: The preservation of Aruba's natural environment is crucial, so real estate development must be sustainable and respectful of the environment, which can pose challenges in terms of design and planning.
- Tourism boom: Aruba is a popular tourist destination with a constant increase in the number of visitors, which creates a growing demand for residential and vacation properties.
- Economic and political stability: Aruba's political and economic stability makes it attractive to investors, since it offers an environment conducive to development and real estate investment.
- Natural beauty and lifestyle: Aruba's idyllic natural beauty and its relaxed lifestyle are attractive to both residents and visitors, which can offer added value to real estate projects on the island.
By highlighting these problems and opportunities, it can be demonstrated to investors that Aruba represents an attractive destination for real estate development, with potential for a favorable return on investment.
Solution (product or service)
Of course, as real estate developers, we are offering an attractive and complete residence in Aruba called "MON Residence". Here are the details of the project, which we offer:
- Land area:
2,000 square meters.
- Building construction area: 1850 square meters.
- Apartment units: 25 units with a size of 65 and 100 square meters, which offers variety for different types of residents.
- Business area: Providing convenience for residents by offering nearby options for purchases and services.
- Private interior with roof: To provide the feeling of privacy and security for residents.
Both private parking and for outdoor visitors, providing comfort and accessibility.
- Rooftop terrace services: This space offers a variety of amenities for the enjoyment of residents, including pool area, barbecue areas, gym/spa, rest areas, and children's play area. These amenities provide a complete and luxurious lifestyle for the residents of the MON Residence.
These details show that the MON Residence offers a complete set of amenities, design and services that meet the needs and desires of potential residents.
Competitors and Existing Alternatives
Advantages or differentiators
The advantage of this project is the demand for the purchase of apartments by foreign investors on the island
COST OF DEVELOPMENT: 4,196,429.41
Initial costs (land, permits): 828,579.97
Construction cost: 3,367,849.44
SALES REVENUE: 7,514,665.38
• Land Area: 2.000 sqr m. • Building Area: 4.000 sqr m. 2 buildings of 1.845 sqr m each + amenities + commercial area • 25 Apartments Units (per building) Sizes between 65 & 75 sqr m. • Commercial Area • Residents and visitors parking area • Rooftop terrace amenities: Pool area Bbq grill areas Gym / spa Lounge areas Kids playground