This thread will be dedicated to Dunes Golf and Spa Resort project

Available units

Studio

€26,000
1 Bed

€47,900
2 Bed

€64,900
Key Features

- beachfront development
- studios, one bed and two bed apartments
- 150 metres to beach
- 5 star resort
- High specification
Studios, one bed and two bed apartments in a low rise setting in a prime residential area close to all facilities including a 36-hole golf course, marina and restaurants. Sandy beaches that stretch as far as the eye can see.
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Full Description

Situated on Tunisia’s exclusive “Gold Coast“, The Dunes Golf and Spa Resort is a beachfront development situated conveniently between two of Tunisia’s busiest airports offering direct and inexpensive flights to major European cities. The development itself comprises of studios, one bed and two bed apartments in a low rise setting in a prime residential area close to all facilities including a 36-hole golf course, marina and restaurants. The Dunes Golf and Spa resort is directly located on glorious white sandy beaches that stretch as far as the eye can see. The resort offers on-site world class Thalasso Spa facilities including Turkish baths, saunas, gymnasiums and beauty treatment rooms with discounts for residents. One can enjoy a massage on the exclusive private beach set aside for residents only or play a round of golf at the finest African golf courses located on your doorstep. The Dunes is a gated 5 star resort offering 24hr security and concierge facilities as well as on site amenities including a restaurant, snack bar, supermarket, bank, bakery and a rental management company. Rental income is very high in this region due to the strength of the local and neighbouring markets ensuring yields are between 10% and 12% per year. Property Specification Stainless Steel door handles Phonic and Thermic isolation between floors Solar power system throughout the development Aluminum external carpentry with rolling blinds manufactured in Germany Outdoor solar lighting throughout the project Excellent interior carpentry First choice sanitary and electrical equipment and fittings Pre installation for hot and cold air conditioning throughout the apartments Pre installation for washing machine Italian style kitchen including oven, hob and extractor, stainless steel sink and fridge freezer Anti slip ceramic tiles in kitchen and bathroom Fine Tunisian marble floors in lounge, bedrooms and corridors Satellite Television with over 5000 channels 24 hour porter service Ground floor and open-air car parking Freehold Landownership Certificate Development Facilities 5-Star beach, spa and golf resort 100m from an exclusive private beach for residents only with sunbeds and umbrellas On-site 1st class Spa facilities with 20% discount for residents Gated community 24hr Security and Concierge Underground and off-street parking Two pools with lounge facilities (one adult and one children’s pool) On-site rental management agency with only 10% fees Laundry and cleaning service from as little as €1 per hour Optional Platinum service for seniors offering full services including airport transfers and welcome packages Satellite Television Video Entry System Private beach Electrical and water connection included Low community fees

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You can check the following link to book or get an idea about the prices:
http://www.therightmoveabroad.com/overseas_property/prices_of_property_in_the_dunes_at_el_kantaoui_p181.php

Development name
The Dunes at El Kantaoui, Sousse, Tunisia
Type
Coast
Starting Price
€25,990
Status
Off Plan
Planned Completion Date
November 2010
Features
Superb investment opportunity in a great location.
Rental yield expectancy is between 10%-12%
Superb on-site amenities.

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The project video:

http://www.youtube.com/watch?v=26RMy-J4EYA

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1- can you explain all the fees and taxes?

With fees and taxes there is no VAT on the purchase prices, However there is a 1 % goverment tax on completion.


2- Is this Condo hotel model?

No this is a residential apartment complex with a rental management facility.


3- Do you will build a golf place dedicated to the project?

No there are 2 golf course close by where a 20% discount is offered to residents.

4-The appartments is it furnished?

No, however they have a A fully fitted Kitchen with Cooker, hob, extractor, fridge freezer and stainless steel sink.

5- why the price per sq meter is more expensive than appartments in Sousse?

This is the first true exclusive five star development to be built in Tunisia and the only residential complex to offer the high standard of facilities as stated in our brochure.


6- Please can you outline all the fees (e.g. maintenance fee, etc)?

There will be a service charge for the up keep of the resort that each property owner will pay this is not confirmed yet and will be when the resort is completed. we estimate this figure to be around 40 - 50 Euros per month, as with regards to maintenance this will be down to the owners to maintaine their own apartments. The rental management company will look after the service of the apartment for the rentals that they do for you. This will be included in their fees.

7- can I use the apartment for personal and rent ?

Yes both.


8- is there penalty in case of delay on the delivery?

No there are no penalty clauses. We do however expect to complete the development before the stated completion of Nov 2010.


4- is the rent return is guaranteed return or just for marketing prospective? what is the occupancy time in this area?

No the rental estimates are not guaranteed return. There will be a rental management company on site who will let the apartment for you. you will pay only 10% fess to them of the rental amounts archived. You will also have to pay a income tax of 8.3% on all rental income from this in Tunisia.

Amazing Tunisia
Mayfair Developments - The True Tunisian Property Pioneers!!

Mayfair Developments are the first International property marketing company to promote exclusive off-plan development projects on Tunisia´s Gold Coast. Now you can have your dream home in Tunisia with the help of the Mayfair Developments team safely in the knowledge that you will be purchasing through the market leaders who identify global opportunities at their earliest stages in order to offer our clients the highest investment returns. Why not see what Mayfair Developments can do for you today.

Situated on Tunisia’s "Gold Coast", within easy reach of its most exclusive resort, Port El Kantaoui, The Dunes Golf & Spa Resort is a beachside development situated conveniently between two of Tunisia’s busiest airports offering direct and inexpensive flights to major European cities. The development itself comprises of studios, one, two and three bed apartments in a low rise setting in a prime residential area close to all facilities including a 36-hole golf course, marina and restaurants. The Dunes Golf & Spa resort is directly located next to glorious white sandy beaches that stretch as far as the eye can see. The resort offers on-site world class Thallasso Spa facilities including an indoor swimming pool, Turkish baths, a sauna, gymnasium and beauty & massage treatment rooms with discounts for residents. One can enjoy a massage on the exclusive private beach set aside for residents only or play a round of golf at the finest African golf courses located on your doorstep. The Dunes is a gated 5 star resort offering 24hr security and concierge facilities as well as on site amenities including a restaurant, snack bar, supermarket, bank, bakery and a rental management company. Rental income is very high in this region due to the strength of the local, neighbouring and European markets ensuring yields are between 10% and 14% per year.



Development Facilities


5-Star beach, spa and golf resort
100m from an exclusive private beach for residents only with sunbeds and umbrellas
On-site 1st class Spa facilities with 20% discount for residents
Gated community
24hr Security and Concierge
Underground and off-street parking
Two outdoor pools with lounge facilities (one adult and one children’s pool)
Whirlpool Jacuzzi
Poolside cabana bar
Indoor pool in the Spa Centre
On-site rental management agency with only 10% fees
Laundry and cleaning service from as little as €1 per hour
Optional Platinum service for seniors offering full services including airport transfers and welcome packages
Satellite Television
Video Entry System
Private beach
Electrical and water connection included
Low community fees
Show flat on site



Close-by facilities

On the doorstep of two world class 18-hole golf courses
20% Golf Discount Card for residents
Water Sports/Fishing/Diving and Boat excursions running all year around
Cultural excursions including Arabian nights and Belly dancing shows
Shopping centres
Excellent international cuisine
Palm tree lined promenades
Children’s water and theme parks including a petting zoo
Horse and camel riding
Hospital and Pharmacies nearby
Traditional Medina offering bargain shopping


Property Specification

Stainless Steel door handles
Phonic and Thermic isolation between floors
Solar power system throughout the development
Aluminum external carpentry with rolling blinds manufactured in Germany
Outdoor solar lighting throughout the project
Excellent interior carpentry
First choice sanitary and electrical equipment and fittings
Pre-installation for hot and cold air conditioning throughout the apartments
Pre installation for washing machine
Italian style kitchen including oven, hob and extractor, stainless steel sink and fridge freezer
Anti slip ceramic tiles in kitchen and bathroom
Fine Tunisian marble floors in lounge, bedrooms and corridors
Satellite Television with over 5000 channels
24-hour porter service
Underground and open-air car parking
Freehold Landownership Certificate

Payment terms

€3000 euro reservation
50% on contract
10% in March 2009
Balance on completion at end of 2010

Due to the low property prices, one can easily obtain a personal loan for the first 50% with payments as low as £75/€95 per month.

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source: http://mayfairdevelopments.com/misc/the-dunes-golf-spa.html

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The rental market in Tunisia is very strong due to the high domestic demand for rental accommodation in addition to the demand from Europe and Tunisia’s neighbours Algeria and Libya. Furthermore, due to the country’s location, Tunisia benefits from all year sunshine ensuring the rental season is much longer than in Europe. In fact, over the past years temperatures in early spring have been recorded as high as 40 degrees Celsius, however most of the time they are in the region of 25C to 35C.

Having the highest home-ownership rate in Africa and certainly one of the highest in the world, Tunisia is a middle-income country which has outperformed most of its African neighbours both in terms of economic growth and political stability. As a result of their relative wealth, the Tunisian people are able to take frequent holidays in the most popular regions of Tunisia such as Sousse and Hammamet boosting the demand of the rental market.

Tunisia’s larger neighbours, Libya and Algeria do not offer tourist facilities, resorts or hotels anywhere near the scale that Tunisia does, and as a result many Libyan and Algerian nationals tend to take their holidays in Tunisia boosting the demand for rental properties even higher.

Last, but not least, we have the European contingent of holiday makers who arrive in Tunisia in their millions each year looking for a warm, sunny climate to spend their holidays. Being less than 3 hours from the UK and most of Europe, Tunisia offers something new and exciting for everyone and has been an established tourist destination with Europeans over the past 2 to 3 decades. Generally, tourists who visit Tunisia tend to come back year on year, and those on their return trips will prefer to rent accommodation giving them more flexibility than a hotel does. As a result, there is considerable demand for rental properties all year round. In the summer, couples and families with younger children tend to visit the country whereas in the winter we see a lot of retirees and Golfers in particular. Whatever they are looking for, Tunisia offers it all!

Using the rental figures above, we can work out the annual rental yield on the properties. We will make the following assumptions:


Rental Yield

Property is a 1 bedroom apartment priced at €45,000

Property is rented out for 13 weeks per year (quarter of the year)

6 weeks rental in the peak season at €575 per week

4 weeks rental in the medium season at €460 per week

3 weeks rental in the low season at €350 per week

Total annual rental return = €6,340

Gross Yield = €6,340 / €45,000 = 14.08%

Net Yield (gross yield minus 10% rental management charge) = 12.68%

Time taken to pay off the property = 100 / 12.68 = 7.89 years

The above figure shows us that even using a conservative rental window of only 13 weeks per year you are able to pay off for the property in less than 8 years using rental income alone. Below we examine the potential capital growth using the same apartment.

Capital Growth

Current price €45,000

Initial Investment (before completion) of 50% = €22,500

Appreciation during construction of 25% per year

Value of apartment on completion in 2 years = €70,312

Profit of €70,312 -€45,000 = €25,312 is made during construction alone.

Since only €22,500 was invested, the return on capital invested in only 2 years is = 112%

source: http://mayfairdevelopments.com/latest-country-launch/investment-breakdown.html

Thursday, 24 July 2008

Emerging markets are attracting considerable attention during the current economic downturn as property investors seek out bargains. But getting the right information on which to base an investment decision is critical, as can be seen on the property forums this week. Location, budget, flight data, occupancy rates, rental yields, are just some of the important pieces of information needed according to a thread on the totallyproperty.com (http://www.totallyproperty.com/new-emerging-property-markets/7816-help-anyone-considering-tunisia.html) emerging property markets forum that looks at Tunisia.
While many developers and investors are pouring into other North African countries including Egypt and Morocco, Tunisia offers the same climate but the property market is very new.



Indeed it is perhaps too new as finding the kind of data mentioned above is difficult, as the thread indicates. There are no prices, no decent pictures and no decent websites according to one post on the thread.
The scant information that is available does give an indication that it will become a growing market for those willing to take a risk. The fact that it is a French speaking country is mentioned several times as a negative rather than a plus. However a number of Dubai based developers are investing in the country.
For those who have actually visited Tunisia the outlook is promising. Sidi Bou Said and Port el Kantaui are both mentioned as worth looking at.
But like all emerging markets care needs to be taken. Forum member OPH mentions two projects. Le Voilier which is still pre-release and is not backed by any due diligence or in any position for reservations at the moment. 'The better option is the Dunes Golf and Spa which has full due diligence, predicted rental yields of between 10-14% and prices from just 20,000GBP (approx 26,000€),' he writes.
The latest figures show that British first time buyers are increasingly looking abroad to buy as they can't afford to buy in the UK. In many articles Calabria, on the toe of Southern Italy is often mentioned as an emerging market, a bargain place to buy as prices are low, living costs are low and there is the opportunity to get in before everyone discovers it.
But as many investors or would-be investors know you can't rely on the marketing blurb. Some concerns are raised on the Channel 4 overseas forum (http://community.channel4.com/eve/forums/a/tpc/f/186602047/m/9450014149). These centre on Calabria being a 'backwater', having a very small rental season and 'a winter ghost development'. On the plus side prices are 30% cheaper than popular areas like Spain and there are nearby mountains for ski-ing.
The discussion also shows the importance of visiting property before buying. One development has a road and a train line between it and the sea. Now this might not bother people if trains are infrequent, but noise could be an issue when it comes to renting.
Overall general opinion is that this is an emerging market and as such there is still a lot of investment needed especially in terms of infrastructure and transport. Indeed there is a petition on the Calabriahomes.com forum (http://www.calabriahomes.com/) aimed at persuading the low cost airlines to increase the number of flights to this part of Italy.

Egypt is also often mentioned as an emerging market with good potential. And according to a post on the propertyshowrooms.com forum (http://www.propertyshowrooms.com/forum/Topic512-30-1.aspx) there are still developments that are so new not many people know about them yet.
One mentioned is the Zafarana Beach Resort. There apparently isn't much to see at the moment but one poster says there is a lot of development going on, prices are low and it should be very popular in five years time. The area is described as good for diving so there is rental potential.
Romania is another country where bargains can be found if you look outside the capital Bucharest, according to a post on the propertysecrets.net forum (http://www.propertysecrets.net/forum/state_of_affairs_in_romania_article_by_liamvalencia/10044/33563.html). Prices of €30,000 and €50,000 can be found Cluj, Transylvania, according to poster Liamvalencia. He describes it as 'a beautiful places, full of culture, mountains nearby, lakes etc. And booming industry and universities'.
For those who already have investments the effects of the credit crunch make a popular talking point. A thread (http://www.propertysecrets.net/forum/property_confidence/10041/33523.html) on the same forum shows that in some areas investors have property that is now worth less than they paid for it a few years ago.
For example flats in the suburbs of Madrid which sold for €180,000 in 2005 are now for sale at €120,000. And prices in Bucharest are also going down.


source: http://www.propertywire.com/news/property-forum-watch/emerging-markets-overseas-property-investors-200807241326.html

The price just changed with new sq m2. Also, the new payments 50%/10%/40%.

nice!

Looks amazing! The renders are really great.

Prices
Apartment - from €26,000 - 1 Bed from €49,900 - 2 Beds from €64,900 - 3 Beds from €76,351
Prices for The Dunes Golf and Spa Resort Sousse - Tunisia start from: 26,000€The Dunes Golf and Spa Resort - Sousse - Tunisia - Location
Situated on Tunisia’s "Gold Coast", within easy reach of its most exclusive resort, 'Port El Kantaoui', The Dunes Golf & Spa Resort is a beachside development situated conveniently between two of Tunisia’s busiest airports offering direct and inexpensive flights to major European cities.

The Dunes Golf and Spa Resort - Sousse - Tunisia -The Project
The Dunes Golf and Spa Resort itself comprises of studios, one, two and three bed apartments in a low rise setting in a prime residential area close to all facilities including a 36-hole golf course, exclusive marina and many fantastic restaurants, offering all types of cuisine.

The Dunes Golf & Spa resort is directly located next to glorious white sandy beaches that stretches as far as the eye can see. The resort offers on-site world class Thallasso Spa facilities including an indoor swimming pool, Turkish baths, a sauna, gymnasium and beauty & massage treatment rooms with discounts for residents. One can enjoy a massage
on the exclusive private beach set aside for residents only or play a round of golf at the finest African golf courses located on your doorstep.

The Dunes is a gated 5 star resort offering 24hr security and concierge facilities as well as on site amenities including a restaurant, snack bar, supermarket, bank, bakery and a rental management company. Rental income is very high in this region due to the strength of the local, neighbouring and European markets ensuring yields are between 10% and 14% per year.

The Dunes Golf and Spa Resort - Sousse - Tunisia - Facilities
* 5-Star beach, spa and golf resort
* 100m from an exclusive private beach for residents only with sunbeds and umbrellas
* On-site 1st class Spa facilities with 20% discount for residents
* Gated community
* 24hr Security and Concierge
* Underground and off-street parking
* Two outdoor pools with lounge facilities (one adult and one children’s pool)
* Whirlpool Jacuzzi
* Poolside cabana bar
* Indoor pool in the Spa Centre
* On-site rental management agency with only 10% fees
* Laundry and cleaning service from as little as €1 per hour
* Optional Platinum service for seniors offering full services including airport transfers and welcome packages
* Satellite Television
* Video Entry System
* Private beach
* Electrical and water connection included
* Low community fees
* Show flat on site available to view

The Dunes Golf and Spa Resort - Sousse - Tunisia - Surrounding area
One of the benefits of this development is that it is located within easy reach of many ofhter facilities including:

* On the doorstep of two world class 18-hole golf courses
* 20% Golf Discount Card for residents
* Water Sports/Fishing/Diving and Boat excursions running all year around
* Cultural excursions including Arabian nights and Belly dancing shows
* Shopping centres
* Excellent international cuisine
* Palm tree lined promenades
* Children’s water and theme parks including a petting zoo
* Horse and camel riding
* Hospital and Pharmacies nearby
* Traditional Medina offering bargain shopping

The Dunes Golf and Spa Resort - Sousse - Tunisia - Property Specifications
Units at this development are being finished to the highest of standards and will include the following finishes:

* Stainless Steel door handles
* Phonic and Thermic isolation between floors
* Solar power system throughout the development
* Aluminium external carpentry with rolling blinds manufactured in Germany
* Outdoor solar lighting throughout the project
* Excellent interior carpentry
* First choice sanitary and electrical equipment and fittings
* Pre-installation for hot and cold air conditioning throughout the apartments
* Pre installation for washing machine
* Italian style kitchen including oven, hob and extractor, stainless steel sink and fridge freezer
* Anti slip ceramic tiles in kitchen and bathroom
* Fine Tunisian marble floors in lounge, bedrooms and corridors
* Satellite Television with over 5000 channels
* 24-hour porter service
* Underground and open-air car parking
* Freehold Landownership Certificate

Since the exhibition season is upon us once again, the developer decided to offer a
special promotion of a free air conditioning unit with the purchase of every apartment in
the Dunes Golf & Spa resort. This offer is only valid until October 10th 2008. For more
information please contact your Mayfair representative.
The developer have recently added some new pictures & documents to the Agent Centre including
some of the above.
The ground floor units come with pre-installation for a Jacuzzi tub in the garden. These units
will offer strong rental potential since the majority of visitors to Tunisia tend to be couples
with young children or retirees.


http://mayfairdevelopments.com/images/stories/dev/Dunes3d/Luxury%20Sea%20Facing%20Garden%20Studio.jpg

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source: http://www.mayfairdevelopments.com

The studios in The Dunes were designed to be modular from the beginning. What this
means is that two studios combined make a spacious 1-bedroom apartment whilst
three of them can make a very spacious 2-bed apartment where the living room is in
the middle and on either side of it are two suites with their own bathrooms and
kitchens. All that is required is a door inter-connecting them which can be fitted quite
easily upon completion.
Since studios offer the highest rental yields out of all of our apartments, this type of
set up is ideal as it offers the maximum flexibility. When the whole family is visiting the
whole apartment is utilised, whilst at other times they can be rented out as separate
self-contained units ensuring that the property’s investment potential is always
maximised. Additionally, for clients buying multiple units we are able to offer a discount
of 1% on the second unit and 2% on the third.

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The project “JNINA” by tunisian developer "La Dous" has been renamed “Dunes Golf & Spa Resort” by Mayfair for commercial purposes.

The Tunisian developer web site:
http://www.ladous.com.tn/fr/index.html

You can find a lot of pictures of the original project.

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Recently they reviewed the studio prices to make them more attractive to buy

The deal is as follows:

1) The client pays for the flights
2) All accommodation and transfers are booked and paid for by ourselves (a maximum of 3 nights)
3) A full viewing of the development and surrounding area is done on a personal basis
4) If you decide to proceed with the purchase of your apartment/apartments then when your initial deposit has been received by the developer then we will reimburse you UP to €600 off the cost of your flights (you must provide receipts for the flights)
5) You will also receive as much free time as needed to make an informed decision.

Reservations are recommended before viewing, it is worth noting that if for any reason you decide not to proceed on your viewing trip then we will refund 90% of your reservation on your return.

source: www.therightmoveabroad.com (http://www.therightmoveabroad.com/)

hi kiari

my name is Phil from the Right Move Abroad. thank you for posting my information and text onto the forum. ha ha:)

if anybody requires any further information on this development please do email me at phil@therightmoveabroad.com

welcome Phil to the forum...please post anything I forgot to add to the dunes project

Dear Kairi,

Thank You for a lot of info about The Dunes. I am going to come to see this place and project. But I have some doubts about
1. the prices for this project.
It is very expensive I think. This price we buy some apartment in the FIRST line in Sahl Hasheesh (Egypt). It is very high standart.
What prices we can expect from Sama for example in Tunis? I had no time to
see yet.
2. Studio is 23 M2 - 15%, so 20 M2 net. It is unliveble. Dont You think so?
3. I am not sure that apartment will have full sea view , because in front is
another the same high development.

The developer started to do something?
Thank You a lot for your answer.

Dear Kairi,

Thank You for a lot of info about The Dunes. I am going to come to see this place and project. But I have some doubts about
1. the prices for this project.
It is very expensive I think. This price we buy some apartment in the FIRST line in Sahl Hasheesh (Egypt). It is very high standart.
What prices we can expect from Sama for example in Tunis? I had no time to
see yet.
2. Studio is 23 M2 - 15%, so 20 M2 net. It is unliveble. Dont You think so?
3. I am not sure that apartment will have full sea view , because in front is
another the same high development.

The developer started to do something?
Thank You a lot for your answer.


As follow my comments afatatiana:
1- I think the prices of Dunes are expensive too and they are asking for a 60% deposit before delivery...too high

2- I agree

3-the residence is more than 100 meter from the beach ... most of the appartments don't have see view...
remember if you want to buy in Tunisia, I really recommend you go and visit before you decide....in your trip check alot of projects near buy to do fair comparison...

As follow my comments afatatiana:
1- I think the prices of Dunes are expensive too and they are asking for a 60% deposit before delivery...too high

2- I agree

3-the residence is more than 100 meter from the beach ... most of the appartments don't have see view...
remember if you want to buy in Tunisia, I really recommend you go and visit before you decide....in your trip check alot of projects near buy to do fair comparison...


Thank You, Kairi.

What do You think about big project in Tunis, developed by Emaar, Sama Dubai ? As I heared price start 1500 $ pM2.
I will be in Dubai next week and try to find out more about this.:):)

It is better to buy from Sama Dubai or Bokhatir on their projects on Tunis capital. It is freehold ...cheaper than Dubai where SQM price starts from close $3000 (International City area).
More info can be found on the following link:

http://www.skyscrapercity.com/showthread.php?t=534526&page=7

http://www.skyscrapercity.com/showthread.php?t=636256&page=4

Emaar is not well established Tunisia...they did annouce their project since 2006 on Hergla but nothing happen so far. Their project will be close to the new airport of Enfida...

Thank You, Kairi.

What do You think about big project in Tunis, developed by Emaar, Sama Dubai ? As I heared price start 1500 $ pM2.
I will be in Dubai next week and try to find out more about this.:):)

Are you visiting the Cityscpae exhibition by any chance if you do please take some pictures of the the Med Gate project by Sama Dubai and the Tunis Sport City by The Bukhatir Group !!

thanks !:cheers:

Are you visiting the Cityscpae exhibition by any chance if you do please take some pictures of the the Med Gate project by Sama Dubai and the Tunis Sport City by The Bukhatir Group !!

thanks !:cheers:

OK!:)

It is better to buy from Sama Dubai or Bokhatir on their projects on Tunis capital. It is freehold ...cheaper than Dubai where SQM price starts from close $3000 (International City area).
More info can be found on the following link:

http://www.skyscrapercity.com/showthread.php?t=534526&page=7

http://www.skyscrapercity.com/showthread.php?t=636256&page=4

Emaar is not well established Tunisia...they did annouce their project since 2006 on Hergla but nothing happen so far. Their project will be close to the new airport of Enfida...

Thanks. I'll try to get some fresh info during Cityscape and post it.

Thanks. I'll try to get some fresh info during Cityscape and post it.

We will really appreciate it!!!!!!!!!!1:cheers:

http://i37.photobucket.com/albums/e64/kair1/newphoto3.jpg


http://i37.photobucket.com/albums/e64/kair1/Dunes_Night_small.jpg

hi afatatiana and kairi

i am an agent involved with The Dunes development. we have had much success with The Dunes. yes the prices are not as cheap as other countries but it is all relative, we are expecting fantasic returns on both appreciation and rentals. The Dunes is a true 5* resort with fantastic facilities and after seeing the site on many occasions with guidance you will have fantastic sea views.
only 50% is needed before completion and this money is not given directly to the developer, it is held in a bank and given to the developer at each stage of the construction. the money is only relaeased once an inspection has been carried out.
please do let me know if you require any further information

kind regards

my apologies, 60% will be needed. the deposit isnt 60%. you need 50% upon signing the contract then a further 10% in March 2009.

kind regards

Bonjour!
Je veux acheter la maison ou les appartements au prix jusqu'à 90.000 euros
moi russe.
Dans la région de Souse, Hammamet,Nabeul, Mahdia, la Plage Suleman. Près de mer.
Nouveau ou d'un de maître.
Vous avez des propositions c par les photos ?
Je serai en Tunisie le 11 octobre.



cultural.science@gmail.com

Your tel in Tunisia ?.....

please

Riama,
Bienvenu au forum....pour acheter en tunisie if faut bien visiter les villes que tu aime acheter...prix varie avec place...

Tu peut trouver les detailles de toutes les projects en:


http://www.skyscrapercity.com/showthread.php?t=666804

http://mayfairdevelopments.com/images/stories/dev/Dunes_61Shops.jpg

New Concept
Modular Studios
The Dunes is not only the 1st off-plan development to be presented to the international market, it is also a 1st in terms of a brand new investment concept called Modular Studios.

The concept is simple…

You can combine two studios next to each other to have a 1-bed apartment as seen below:




Combine three studios together and you have a spacious 2-bed apartment with each bedroom having its own en-suite bathroom and cooking facilities should they be required!



Very little work is required to make them modular. Simply introduce a connecting door on completion which can stay locked when they are rented separately or be open when used as one apartment.

Whilst giving you the ultimate flexibility in terms of accommodation requirements, these studios offer a lot more which will ensure that as an investment they work very hard for your money. There may be a time when you are due to go on holiday but plan to use only one of the studios, ensuring that the other one can be rented out at the same time perhaps paying for your trip! Owners of 3 studios together will always have the upper hand when it comes to renting out their apartments. Being one of the very few properties in the resort which can offer flexibility from a studio to a 2 bed, they will be the favourites amongst the rental agencies as they’ll know that by going through one owner they can offer their clients any type of accommodation that is required.

When it is time to resell your studio apartments, it is widely accepted that cheaper properties always sell easier, no matter the market conditions. It is also common knowledge that when the market starts rallying as is the case in Tunisia at the moment smaller properties appreciate at a faster percentage rate whilst in a falling market they depreciate slower.

We hope that by maximizing the returns and minimizing the risk of our clients, we will attract their repeat and referral business and hope to permanently remain at the pinnacle of this industry by delivering brand new investment concepts within exciting, brand new property markets.


source: http://mayfairdevelopments.com/new-concept.html

Tunisia finds film fame
Wednesday, December 24, 2008

Catherine Deshayes

http://www.themovechannel.com/BLOGADMIN/NEWS/BLOGENGINE/image.axd?picture=tunisiaimage.jpg

Film-goers know the country as the place where parts of Star Wars were filmed, but Tunisia is now being cast in a new role - property investment...

Tunisia's vast deserts and curious dwellings have made it an ideal location for movie-makers.

The English Patient and Raiders of the Lost Ark were shot here, but it was George Lucas who blazed the way in 1977 when he declared its "beautiful countryside and unique architecture" ideal for his latest movie, Star Wars.

He also noted that North Africa's smallest nation offered a "high level of sophistication."

In property terms, Tunisia has been overshadowed by Egypt and Morocco, but the wind is changing. New laws allowing foreigners to own freehold property have stirred interest in the country, which boasts a strong economy yet much cheaper real estate.

Steve Worboys, the Managing Director of the Experience International Agency, said, "Investors are attracted by the increasing demand for summer holiday accommodation in the most popular resorts, such as Port El Kantaoui on Tunisia's Gold Coast."

Tunisia, which lies due south of Sardinia and enjoys 1,400km of Mediterranean coastline, welcomed 6.8 million tourists in 2007 and the figure is forecast to increase by 4.3 per cent a year over the next 10 years.

The economy is also being bolstered by a strong export market in minerals and food products.

Tourism in Tunisia dates from the 1960s. Today, millions of predominantly German, Italian, French and Spanish holidaymakers visit the major resorts of Hammamet and Monastir. Operators from the UK include ThomsonFly, Thomas Cook and First Choice.

The Tunisian Government wishes to diversify the tourist offer and to attract more high-end visitors. For the property investor, it all adds up to one issue - bed space, or the shortage thereof.

Some are expecting rental returns of 15 per cent in the short term as the demand for accommodation outstrips supply.

Tunisia's old cities and towns offer a colourful hotchpotch of architecture from Roman times onwards while the landscape includes cork oak forests and olive groves in the fertile north.

Inland trips to the desert locations of Star Wars are popular.

For sporting attractions, Tunisia has six golf courses, two of which have 27 holes, diving centres, yachting clubs and a number of marinas - but it is not enough to satisfy the requirements of 21st-century tourists looking for an ever wider and better offer.

Investment, largely from the Middle East, is set to dramatically improve the situation.

Oil-rich Dubai is funding two massive new tourism projects in the capital: Mediterranean Gate, or Century City, a £23.6 billion project comprising hotels, golf courses and marinas, and Tunis Sports City, a £4.7 billion development that will create several Olympic standard academies.

Both offer thousands of residential properties opportunities for the investor.

Gem Estates is marketing another beachside project, the Dunes Golf & Spa Resort, located next to the Port El Kantaoui marina resort which has two 18-hole golf courses.

Comprising studios, one- two- and three-bedroom apartments, the gated resort fronts white sandy beaches and will have five-star facilities, including Thalasso Spa centre with indoor pool and Turkish baths.

The properties are being sold freehold and are finished to European standards with Italian-style kitchen, air-conditioning, Tunisian marble flooring and satellite TV.

Two outdoor pools, a poolside bar, and underground parking complete the offer.

Owners will be offered a 20 per cent discount at Port El Kantaou's golf course and watersports from diving to fishing and boat excursions are available year-round.

Prices start from £20,000 for a studio apartment and construction is scheduled for completion in 2011.

Source: Diana Wildman, Daily Express

Picture by Kaptain Kobold

Kiari stp resume nous tout ça et en français stp, c quoi l'info au juste?

La Tunisie trouve la renommée de film

Mercredi 24 décembre 2008 Catherine Deshayes

Les Film-goers connaissent le pays comme endroit où des parties de Star Wars ont été filmées, mais la Tunisie maintenant est moulée dans un nouveau rôle - investissement de propriété… Tunisia' ; les vastes déserts de s et les logements curieux lui ont fait un endroit idéal pour des réalisateurs.

Le patient et les voleurs anglais de l'arche perdue ont été tirés ici, mais c'était George Lucas qui a flambé la manière en 1977 où il a déclaré son " ; belle campagne et architecture" unique ; idéal pour son dernier film, Star Wars. Il a également noté ce nord Africa' ; la plus petite nation de s a offert un " ; à niveau élevé de sophistication." ; En termes de propriété, la Tunisie a été éclipsée par l'Egypte et le Maroc, mais le vent change.

Les nouvelles lois permettant des étrangers à propre propriété de propriété foncière perpétuelle libre ont remué l'intérêt pour le pays, qui revendique une économie forte pourtant les immobiliers beaucoup meilleur marché. Steve Worboys, directeur général de l'agence internationale d'expérience, a dit, " ; Des investisseurs sont attirés par la demande croissante du logement de vacances d'été dans les ressources les plus populaires, telles que l'EL Kantaoui de port sur Tunisia' ; " de s Gold Coast. ; La Tunisie, qui de mensonges des sud directement de la Sardaigne et apprécie 1,400km du littoral méditerranéen, a accueilli 6.8 millions de touristes en 2007 et le chiffre est prévu pour augmenter de 4.3 pour cent par an au cours des 10 années à venir. L'économie également est soutenue par un marché d'exportation fort dans les minerais et les produits alimentaires. Tourisme dans des dates de la Tunisie des années 60.

Aujourd'hui, les millions de vacanciers principalement allemands, italiens, français et espagnols visitent les ressources principales de Hammamet et de Monastir. Les opérateurs du R-U incluent ThomsonFly, cuisinier de Thomas et premier choix.

Les souhaits tunisiens de gouvernement pour diversifier l'offre de touristes et pour attirer des visiteurs plus à extrémité élevé. Pour l'investisseur de propriété, elle toute ajoute à une issue - enfoncez l'espace, ou le manque en. Certains s'attendront à des retours de location de 15 pour cent à court terme pendant que la demande du logement surpasse l'approvisionnement. Tunisia' ; les vieilles villes et les villes de s offrent un hotchpotch coloré d'architecture à partir des périodes romaines tandis que le paysage inclut des forêts et des oliveraies de chêne de liège dans le nord fertile. Les voyages intérieurs aux endroits de désert de Star Wars sont populaires.

Pour les attractions sportives, la Tunisie a six terrains de golf, deux dont ayez 27 trous, centres de plongée, clubs de plaisance et un certain nombre de marinas - mais elle n'est pas assez pour répondre aux exigences des touristes 21st-century recherchant une offre toujours plus large et meilleure. L'investissement, en grande partie du Moyen-Orient, est placé pour améliorer spectaculairement la situation. Dubaï riche en pétrole place deux nouveaux projets massifs de tourisme dans la capitale : Porte méditerranéenne, ou ville de siècle, un projet £23.6 milliard comportant des hôtels, terrains de golf et marinas, et ville de sports de Tunis, un développement £4.7 milliard qui créera plusieurs académies standard olympiques.

Tous les deux procurent des milliers d'occasions résidentielles de propriétés à l'investisseur. Les domaines de gemme lance un autre projet près de la plage, le & de golf de dunes ; Ressource de station thermale, située à côté de la ressource de marina d'EL Kantaoui de port qui a deux 18 terrains de golf de trou. Comportant des studios, un deux et les appartements à trois chambres, les plages sablonneuses blanches à déchenchements périodiques d'avants de ressource et auront les équipements cinq étoiles, y compris le centre de station thermale de Thalasso avec piscine d'intérieur et bains turcs.

Les propriétés sont propriété foncière perpétuelle libre vendue et sont finies aux normes européennes avec la cuisine d'Italien-modèle, la climatisation, le plancher de marbre tunisien et la télévision par satellite.

Deux piscines extérieures, une barre de poolside, et le stationnement souterrain accomplissent l'offre. Des propriétaires seront offerts un escompte de 20 pour cent à l'EL Kantaou' de port ; le terrain de golf et les watersports de s de la plongée aux excursions de pêche et de bateau sont pendant toute l'année disponible. Les prix commencent à partir de £20,000 pour un appartement de studio et la construction est programmée pour l'accomplissement en 2011.

Source : Diana Wildman, quotidien expriment
Image par Kaptain Kobold

http://www.propertycommunity.com/forum/attachments/new-emerging-property-markets/5845d1225719992-help-anyone-considering-tunisia-front-showing-shops-ground-level.jpg

http://www.propertycommunity.com/forum/attachments/new-emerging-property-markets/5846d1225719992-help-anyone-considering-tunisia-detailing-front.jpg

http://www.propertycommunity.com/forum/attachments/new-emerging-property-markets/5847d1225719992-help-anyone-considering-tunisia-built-kitchen.jpg


http://www.propertycommunity.com/forum/attachments/new-emerging-property-markets/5848d1225720048-help-anyone-considering-tunisia-back-building-will-face-pool.jpg


http://www.propertycommunity.com/forum/attachments/new-emerging-property-markets/5850d1225720048-help-anyone-considering-tunisia-fitted-coving-all-rooms.jpg

oups it s uglier than I thought ...^^

I was in Port Cant . couple years ago and I saw this district -very dusty and trashy .:ohno:No touristic zone !:ohno:Roads is terrible .They could to say about 5 star condo -but this place not for this kind of property . And 30000 euro for room with size like prizon chamber !!!:bash:

I was in Port Cant . couple years ago and I saw this district -very dusty and trashy .:ohno:No touristic zone !:ohno:Roads is terrible .They could to say about 5 star condo -but this place not for this kind of property . And 30000 euro for room with size like prizon chamber !!!:bash:

actually the area is boom litterally dozen of residential complex,retailers are popping out. But I do agree that this particular project is overpriced ....

Video

yrLHg7frA7

L'architecte a l'air très inspiré!!
:lol:

http://www.therightmoveabroad.com/uploads/development/dev_1157.jpg

http://www.therightmoveabroad.com/uploads/development/dev_1158.jpg

http://www.therightmoveabroad.com/uploads/development/dev_1156.jpg


http://www.therightmoveabroad.com/uploads/development/dev_964.jpg


http://www.therightmoveabroad.com/uploads/development/dev_1155.jpg



http://www.therightmoveabroad.com/uploads/development/dev_1158.jpg

Tunisia finds film fame
Wednesday, December 24, 2008

Catherine Deshayes

http://www.themovechannel.com/BLOGADMIN/NEWS/BLOGENGINE/image.axd?picture=tunisiaimage.jpg

Film-goers know the country as the place where parts of Star Wars were filmed, but Tunisia is now being cast in a new role - property investment...

Tunisia's vast deserts and curious dwellings have made it an ideal location for movie-makers.

The English Patient and Raiders of the Lost Ark were shot here, but it was George Lucas who blazed the way in 1977 when he declared its "beautiful countryside and unique architecture" ideal for his latest movie, Star Wars.

He also noted that North Africa's smallest nation offered a "high level of sophistication."

In property terms, Tunisia has been overshadowed by Egypt and Morocco, but the wind is changing. New laws allowing foreigners to own freehold property have stirred interest in the country, which boasts a strong economy yet much cheaper real estate.

Steve Worboys, the Managing Director of the Experience International Agency, said, "Investors are attracted by the increasing demand for summer holiday accommodation in the most popular resorts, such as Port El Kantaoui on Tunisia's Gold Coast."

Tunisia, which lies due south of Sardinia and enjoys 1,400km of Mediterranean coastline, welcomed 6.8 million tourists in 2007 and the figure is forecast to increase by 4.3 per cent a year over the next 10 years.

The economy is also being bolstered by a strong export market in minerals and food products.

Tourism in Tunisia dates from the 1960s. Today, millions of predominantly German, Italian, French and Spanish holidaymakers visit the major resorts of Hammamet and Monastir. Operators from the UK include ThomsonFly, Thomas Cook and First Choice.

The Tunisian Government wishes to diversify the tourist offer and to attract more high-end visitors. For the property investor, it all adds up to one issue - bed space, or the shortage thereof.

Some are expecting rental returns of 15 per cent in the short term as the demand for accommodation outstrips supply.

Tunisia's old cities and towns offer a colourful hotchpotch of architecture from Roman times onwards while the landscape includes cork oak forests and olive groves in the fertile north.

Inland trips to the desert locations of Star Wars are popular.

For sporting attractions, Tunisia has six golf courses, two of which have 27 holes, diving centres, yachting clubs and a number of marinas - but it is not enough to satisfy the requirements of 21st-century tourists looking for an ever wider and better offer.

Investment, largely from the Middle East, is set to dramatically improve the situation.

Oil-rich Dubai is funding two massive new tourism projects in the capital: Mediterranean Gate, or Century City, a £23.6 billion project comprising hotels, golf courses and marinas, and Tunis Sports City, a £4.7 billion development that will create several Olympic standard academies.

Both offer thousands of residential properties opportunities for the investor.

Gem Estates is marketing another beachside project, the Dunes Golf & Spa Resort, located next to the Port El Kantaoui marina resort which has two 18-hole golf courses.

Comprising studios, one- two- and three-bedroom apartments, the gated resort fronts white sandy beaches and will have five-star facilities, including Thalasso Spa centre with indoor pool and Turkish baths.

The properties are being sold freehold and are finished to European standards with Italian-style kitchen, air-conditioning, Tunisian marble flooring and satellite TV.

Two outdoor pools, a poolside bar, and underground parking complete the offer.

Owners will be offered a 20 per cent discount at Port El Kantaou's golf course and watersports from diving to fishing and boat excursions are available year-round.

Prices start from £20,000 for a studio apartment and construction is scheduled for completion in 2011.

Source: Diana Wildman, Daily Express

Picture by Kaptain Kobold


What a load of crap

Your cannot find a nice apartment for 20,000 euros/£

These must be in the area of Chott Miriam miles outside sousse.

Even houses in Menzel Bouguiba go fo 200,000+ dinars

Cannot argue with our attractions and climate but its better to buy in Las Vegas at the moment and probably cheaper also!

What a load of crap

Your cannot find a nice apartment for 20,000 euros/£

These must be in the area of Chott Miriam miles outside sousse.

Even houses in Menzel Bouguiba go fo 200,000+ dinars

Cannot argue with our attractions and climate but its better to buy in Las Vegas at the moment and probably cheaper also!

It says nice studio appartment :lol:

Has anyone had dealings with a Tunisian property developer “La Dous”. We have read some negative information on the internet about this company and them delivering apartments smaller than advertised? We are looking at possibly buying in the Dunes resort in El Kantaoui. Can anyone confirm if this is true or not?

Also earlier in this thread it refers to the development being secured against bankruptcy etc due to an escrow account? I have read elsewhere that there is no such thing on the development anymore? Any reason why they stopped offering this protection....I may just buy something thats ready and completed now unless someone can convince me otherwise? Any help would be appreciated!

Yes I believe this is true. The same thing happened to my sister and she is not happy about getting an apartment which is 30% smaller than being sold. I strongly urge you not to proceed or wait until they are completed or simply just buy an apartment elsewhere which is finished now. If this developer lies about the size of the apartment, what else are they not telling you?

The Dunes Golf & Spa – La Dous Immobilier
I have decided to join this forum so that I can inform others regarding the development the “Dunes Golf and Spa” and the developer La Dous. I would like to point out at this stage that I am only doing so to inform you of my findings and not to stop you from making your own decisions. My findings are set out in a further 2 forum posts below called “The Articles” and “The remedies”.

I recently decided to buy in the Dunes Golf and Spa close to El Kantaoui developed by La Dous and I was delighted with my decision since at face value it looked a good investment and I had always wanted to buy in Tunisia. I am sure you would all agree Tunisia is a very special place. Anyway it was only when I got my contract that I started to become concerned and started to do some digging about. I have spent the last few weeks trying to find out the pitfalls in the contract but by doing this I have also found out, through my lawyer in Tunisia, other very concerning facts regarding the development and especially the developer La Dous. I want to inform others of my findings so they can make an informed decision on whether to buy in this development or not.

When I received my contract from La Dous and read through it there were a number of points that concerned me and I have laid them out below individually with my findings. I have gone through the issues below however first I would like to cover the very first issue I came across.

At the beginning of the Promesse Contract (this is the contract between the buyer and the developer – La Dous) it states that the developer La Dous has a running capital of 300,000 Dinars (145,000 Pounds). I was horrified that La Dous only had this small amount of backing so my lawyer did some digging about and these are his findings. La Dous has a huge mortgage on the 1st phase called residence JHINA. In which he has only sold less than half of the apartment. The land that the development is being built on is mortgaged entirely by the banks. My heart sank when my Tunisian lawyer summed it up by saying “this developer could go bust at anytime since he does not have sufficient funds set aside for when anything goes even slightly wrong”.

The Articles
1. In one of the first articles when translated states “Any difference in the surface area which appears following this plan compared to the surface stated above gives neither right to the restitution of balance nor to refunding of surface area”. Therefore la Dous can hand over a studio which states say 23 meters squared on the contract but is actually far smaller and I would have no recourse if this happened. I could simply trust that he would however after reading some other forum articles out there I am not sure I should and lets not forget the fact that the communal area is included in the meters of the apartments so the apartments are already 30% smaller then they are advertised at.

2. In the contract it mentions the bank account that I have to send my funds to. I was assured by the agent that my funds where safeguarded and that it was a sort of Escrow account. I asked my lawyer to obviously make sure that this was the case. He came back to me and told me that the contract even states that it is a normal current account so therefore the funds would be placed into the developer’s current account where he has access! This was obviously very worrying and after digging about further and asking other forum members on this forum and others I have since found that yes the developer used to have an account that was blocked however now this account has been changed to a new one at a bank called the STB Bank and this new account for client funds is a simple current account. My lawyer has also informed me that it is common place in Tunisia that the developer would give me a bank Guarantee however developers are not forced by law to do so. So I am left with the question do I hand over my hard earned cash to a developer that will place the funds in a bank account where he can take the funds without any questions? I spoke to my Tunisian friends and they say that developers in Tunisia disappear with client’s money all the time so this did not sit well with me at all.

3. The contract also mentions that I get a 2% payment if the development goes over the allocated time frame. However my lawyer is also not happy with this article since it is worded in way that I will only get 2% of the money I have advanced I.E. 2% of 50% not 100%!! So what I will end up getting is 1% of the actual price. He mentioned that in Tunisia this is normally much higher. Also it does not state if the development is not finished say in 2 years after the stated completion date that I will get all my advanced funds back. It is left open on purpose so I could be waiting for 5 or 10 years and be getting a 1% return on the value of the property!! That’s not a great investment. I know banks are not giving much on savings just now but I am sure it’s more than that surely.

4. Later on in the contract it states that if you for any reason decide not to continue with the purchase of the property you will have lost all advanced funds. In Tunisia by law the developer can only hold onto 10% of the funds. My lawyer told me that this is the final straw for him and that he has advised me not to sign this contact unless the contract is changed in my favour.

The Remedies
The changes he suggests are:
1. The exact meterage of the apartment stated and the % of the communal areas separate.
2. To have a 2% plus or minus on the meterage of the apartment and if the apartment is smaller than stated then the developer has to pay a penalty.
3. That the funds are placed in an Escrow Account and it to state that the developer has no access to these funds at all. Better still to have a Bank Guarantee!
4. To have the proper compensation under Tunisian law if the property runs over the allocated timeframe. If it goes over say 2 years late then all funds paid to the developer are paid back plus interest.
5. To have the article which states that you lose all the advanced funds changed to a penalty of 10% and the remaining funds given back.

My lawyer says the above is the norm and that any developer that does not want to give this is certainly not worth going into a contract with. He even went as far as saying even if the developer did change the contract with the above changes he would still not want me to sign the contract due to the precarious position the developer is in.

Please use this information I have found out to inform yourself better and if you do decide to continue to buy with this developer then good luck and I do hope all goes well for you. If you want to discuss this further please PM me and I will be more than happy to help you.

Merry Christmas!

I was very nearly a victim of this company s sharp practice, it turned out my lawyer who recommended this project was in on the scam. Luckily my new lawyer saw them off and I am now awaiting repayment of my legal fees. My advice would be to have nothing to do with them.

Vue d'avion

http://img269.imageshack.us/img269/20/dscf2141portelkantaoui.jpg (http://img269.imageshack.us/i/dscf2141portelkantaoui.jpg/)