Ribamar Project Achieves Remarkable Sales Success
Located just 200 meters from the sea in the heart of Praia da Rocha, Portimão, the Ribamar residential development is making waves in the Algarve real estate market. Promoted by AEDAS Homes in partnership with LandCo, this project has already sold over 40 units, totaling more than €18 million in sales since its official launch in July.
Key Features and Highlights
- 116 residences ranging from T1 to T4 types, all featuring spacious balconies up to 60 m².
- A 17-story building (including penthouse) with premium common areas: pool, gym, social club, coworking space, and children's play area.
- Total buildable area of 14,000 m² for residential use and 2,200 m² for commercial use.
Market Dynamics and Buyer Profile
According to José Ignacio Fernández, head of AEDAS Homes in Portugal, "The sales pace is exceeding all expectations. Over 80% of purchases are by residents in Portugal, showing strong national market confidence. The remainder comes from international clients and investors who see Ribamar as an exceptional opportunity in the Algarve."
This success underscores the dynamism of the Algarve's residential market, attracting discerning buyers seeking exclusive, high-quality homes. The project marks AEDAS Homes' debut in Portugal, in collaboration with LandCo, a Santander Group company specializing in urban land development.
Sales and Accessibility
In addition to online sales, a physical sales office has opened at Rua dos Três Castelos in Praia da Rocha, open Monday to Saturday from 10h to 13h and 14h to 19h. Visitors can view the building model and a fully equipped sample apartment.
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!