Fly to let investors will soon be able to take a look at final plans for the brand new five-star resort on Ponta Preta Beach on the west coast of Sal Island, Cape Verde.

The developer predicts that fly to let investors who buy units off-plan can expect an annual capital growth of up to nine percent for the next five years and rental yields of 13 to 22 percent.

The flagship development by The Resort Group Plc is the only one of its type on Sal and follows the success of the group’s first scheme on the island, the nearby Tortuga Beach Resort and Spa.

The new pedestrianised Dunas Beach Resort and Spa will comprise a mix of 1,133 fully-furnished villas, apartments, studios and hotel suites set among landscaped gardens and footpaths within a secure gated community.

The world’s largest resort hotel group, Sol Meliã, under its MELIÃ five-star European rated brand, will manage the hotel.

Sol Meliã will handle the management and letting of the privately-owned properties in the resort, where facilities will include five bars, four restaurants, tennis courts, a gymnasium, pools and a Meliã Yhi Spa offering a range of treatments.

A wedding pavilion, the island’s biggest conference centre seating 400 delegates and a medical centre are included in the plans, as well as food and gift shops and a children’s club and crèche.

Alongside the resort, other developments include the first of four new 18-hole golf courses.

Also in hand are plans for a 360-berth marina close to Dunas Beach Resort.

Designed by Malaga-based architectural practice HCP, which drew up the master plan for the Dunas Beach resort, the properties combine traditional Mediterranean-style exteriors with contemporary interiors. All the air-conditioned properties can be supplied fully-furnished and equipped.

Prices of the freehold properties vary with size and location within the resort. Current prices start at €139,950 for a studio rising to €449,950 for a three-bedroom villa.

The Resort Group’s investment projections are based on research and analysis undertaken by Savills.

The Resort Group’s marketing director Adam Ellis explained: “The research showed that, although the global average for occupancy of rented resort properties was 68 per cent, the average for Sal is 80 per cent with the highest occupancy rates on the island reaching 95 per cent.  Despite the recent recession there has been little change in these figures.”

Rental yields based on these figures range from a conservative 9.4 percent to 13.1 percent on a one-bedroom apartment, but go as high as 22 percent on a Presidential hotel suite based on occupancy of 95 percent (the current best-on-island occupancy rate).

“On the basis of these rental returns, and the on-going tourist development of the Cape Verde islands, we expect investors who buy properties at Dunas Beach Resort could achieve an annual capital growth of six to 12 percent for the next five years,” says Ellis.

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