Sunday, November 14, 2010
The Residences at Dubrovnik Sun Gardens
Sales have begun in a new luxury property development near Dubrovnik. The development, named Dubrovnik Sun Gardens, is located on 1 kilometer of pristine Adriatic beachfront in the village of Orasac, about 20 minutes from Dubrovnik’s Old Town by car. The residences are part of a luxury 5-star resort that includes a Radisson Blu Hotel & Spa, sports center, three outdoor tennis courts, three outdoor swimming pools, 13 restaurants & bars, a shopping promenade, and a children’s activity center with playground and pool. The resort is positioned among lemon, orange, and olive trees and looks out across the sea to the Elaphiti islands.
The development is the first of its kind in Croatia, with buyers enjoying the full benefits of ownership, but with the requirement that they rent the property to short-term guests for all but 5 weeks during high season. Owners have unlimited usage of the property at other times of the year. The rental income is shared with the property management company, who handles all of the bookings and cleaning of the apartments.
Prices at the Dubrovnik Sun Gardens begin at about 175,000 EUR for a 44 square meter 1-bedroom apartment and 250,000 EUR for a 62 square meter 2-bedroom apartment. In addition, there is an annual management fee of about 110 EUR per square meter. For more information please visit the Dubrovnik Sun Gardens website.