Quinta Dourada is a new development of hi-spec holiday apartments, townhouses and villas above the Portuguese holiday resort of Albufeira
Given the long weekend that’s in it, readers might wonder what having a luxurious bolthole in a sunnier clime might look like. Cue a new development of hi-spec properties located in the Algarve hills above the popular holiday resort of Albufeira, which are being brought to market by Limerick-based agent OCM Portugal. Quinta Dourada features a mix of 89 A-rated one-bedroom apartments, townhouses and luxury villas, with prices starting at €595,000. Phase one of the development is currently under construction and due to be completed by the end of 2024. Already a number of units have been sold off plans, according to the agent.
The units come with underground parking, underfloor heating, smart home technology, and purifying UV filters as standard. A variety of furniture packages are also on offer. The top floor apartments have private pools and roof terraces with views of the coast and surrounding countryside. The ground-floor units also have private pools as well as sustainable gardens. Both apartment types extend to 30 square metres and come with a bedroom, a studio and storage. Built over four floors, the one-bed townhouses measure 75 square metres and have a private garden and pool and individual storage space. The 17 villas available span some 100 square metres and have two bedrooms, a studio, private pool and garden, and a choice between private underground parking or a closed garage. Onsite facilities include a gym, spa and restaurant at the Quinta Dourada Clubhouse, which was designed by award-winning architect Vasco Vieira. The Algarve is known for its miles of sunny beaches, warm climate and good restaurants as well as generous tax breaks available to overseas property investors. Introduced in 2009, Portugal’s non-habitual resident (NHR) tax regime offers new residents the potential for low or zero tax on pensions, capital gains and certain types of income for ten years.
For more information on the scheme and how to qualify for the NHR tax regime, contact Michael O’Connor or Niamh Keane at OCM Portugal at info@oconnormurphy.ie. Thanks to Tina Marie O’Neill for her latest article on Quinta Dourada.