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Dunas Beach Resort PropertySal, West Coast, Algodoeiro Bay near Vila VerdeThis development is being established by Robert Jarret a financial adviser who moved from Derby to Monaco. It is on a thin strip of land running in from the West Coast. It is just to the South of Cotton Bay resort, roughy in the middle of the long curving Algodoeiro Bay and runs from the beach back to the Santa Maria-Espargos Highway. The developing company is now registered in Gibraltar and known as The Resort Company and it has a sales base in Derby. The land is owned by Sociedad Onnipessoal based in Praia, which bought it only in June 2008. . The beach is called Algodoeiro rather than Dunas and the property has a relatively narrow frontage onto the beach. This has small-scale dunes and is a fine beach.Following the usual Cape Verde pattern, there will also be a small hotel. The architect has designed properties in Spain around Malaga such as at Duquesa and Estepona, which featured well laid out open grassland and trees. That will be more difficult to replicate here and Dunas Beach resort is his first Cape Verde property.. The proposed plot is a long thin strip running in from the West Coast towards the Highway. It is seperated from Tortuga Beach , by another development. It offers up to 400 dwellings eventually with studios at £60,000, two bedroom apartments at £105,000, three bedroom at £135,000 and villas at £220,000. The villas in the front row promise sea views and individual swimming pools within the price. The Dunas Beach Resort is on land owned by a company registered in Praia, Sociedade Onipessoal Lda. It is registered in Praia with a NIF number 253147778. It acquired land from Cabocan with an approximate area of 8 hectares. It has been approved by Cabo Verde Investimentos. . But there is no evidence as yet of detailed planning permission from the Camara in Sal.. G from Birmingham is a sales agent who went on a free property inspection. "We had a good time . The salesmen had good knowledge of the location and the proposed developments. We thoroughly enjoyed the visit and would recommend it to anyone who is interested in investing. The local people are great, we enjoyed some great food and a little too much wine! We had time to enjoy what the island had to offer and it was encouraging to see no sales pressure towards clients."T from London has other concerns "Just wondered whether anyone else has received their contract for Dunas Beach and whether you have any concerns about this. I am concerned about the fact that I have received both the pre-promissory and the promissory contract at the same time. I'm expected to sign both but the developer doesn't have a constucton licence yet and doesn't even own the land! I've phoned the developer who says they expect ownership to take place within 3-4 months. Obviously no searches can be carried out before ownership happens and yet I'm expected to sign the contract before then.I'm also expected to pay my 50% deposit next week. Is it just me who's concerned about this or am I worrying unecessarily? I'd also like to point out that the same developer is building Tortuga Beach so I assume the same kind of contract will be issued to these purchasers because the payment structure/discount scheme is also exactly the same. Please also be aware that when they tell you that you have 12 weeks to pay your deposit, this is 12 weeks from the date you sign your reservation form, not 12 weeks from signing the contract. Consequently my deposit is due next week and I received the contract 2 days ago!! "M from Essex talked to a lawyer and had bad news "We have just heard back form our solicitor and the news is not good. The seller`s lawyers are not willing to make any changes to the contracts. There is no time limit given and so the developer could keep hold of our money for as long as it takes. The seller/developer does not even own the land and they are not even prepared to make a prediction as to when land ownership and the construction licence will be issued. They could have our money indefinitely. With no get out clause for us the buyer this is extemely risky. Do we? Don't we?......you'll have to make your own minds up! If we 'don't' will we lose our £4,000 deposit??"C from London raises the land ownership question "I have asked for copies of the land ownership documents and planning permission as I gather from reading about other developments that it seems to be a problem sometimes. Seems very good spec and nice layout."The land purchase was only completed in April 2008, six months after Cabo Verde Investimentos gave outline approval. Detailed planning permission is awaited and the contracts to build are signed in June 2008.. |