January 10, 2007
Arabian Nights in Bulgaria
Bulgarian Dreams recently launched a new €100 million development. The luxury real estate developer with offices in London and Bulgaria is focusing on investors from the Middle East. They have their eyes on a prime location on a cliff that overlooks the Black Sea. The site is set to be one of the most luxurious coastal resorts in Europe.
With ancient Arabia as its inspiration, the 135 luxury apartments are designed with custom made garden villas and beautiful landscapes. Ten three-storey villas will also be constructed by the side of the cliff to provide owners breathtaking unobstructed sea views. Occupants will also have access to a luxury spa, gymnasium, golf course and swimming pools. Some of these pools will be cut into the cliff. Glass lifts will traverse the cliffs to provide residents fast access to the beautiful beaches below.
There aren’t many properties in Bulgaria similar to the project Bulgarian Dream has in mind. Many Middle East investors have expressed an interest in buying property in eastern Europe however nothing seemed to satisfy their demands.
Bulgaria is a beautiful country with its stunning scenery. It is also hailed for the low cost of living. Since Bulgaria’s entry into the European Union, property prices have increased considerably by 20%. Property prices are expected to go up further in the years to come.
Although the initial properties will only be marketed in Dubai, the offer is open to any interested buyer. However, the ten cliff villas will be exclusive and will be offered by invitation only. More than likely, these prime properties will only be offered to top Middle Eastern businessmen.
Those on the look out for world-class luxury on a scale never before experienced in Europe, one of the luxury villas will be a dream investment, particularly in a market where property prices are set to be buoyant in the future.
Posted on: Bulgaria
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