Bulgaria opens its doors to Middle East investment

Aspire Real Estate, a leading International Real Estate Marketing consultant have been chosen as the exclusive marketing and sales partner in the Middle East, for this prestigious international project.

Located above a 65-metre cliff overlooking Bulgaria's Black Sea, Azure del Mar is set to become one of the most exciting coastal developments to be found anywhere Europe. The first phase of Azure del Mar will include 135 luxury apartments and bespoke garden villas styled with the romance and opulence of old Arabia in mind. Ten unique Uber-luxury villas will be set into the cliff side, and each villa will feature floor-to-ceiling windows providing three storeys of unobstructed sea views.

Robert Jenkins, Director of Bulgarian Dreams, anticipates that the Azure Del Mar project will become the most sought after coastline properties in Bulgaria. "We have experienced an amazing surge of enquires for the villas and the luxury apartments. Jet setters around the world have shown interest in owning a luxuriously appointed Middle Eastern styled retreat in Europe."

The luxury development will include an intricate Arabian themed canal system, filled with fresh seawater pumped vertically up the side of the cliff from the sea below. The development will also include a large infinity pool positioned on top of a glass fronted luxury spa and gymnasium which will be cut into the cliff. A system of glass enclosed lifts will also be installed to transport residents to the beaches below. Harry Kantaria, Managing Director, Aspire Real Estate, believes that Azure Del Mar luxury lifestyle will attract investors from Dubai and jet setters from Dubai, who would love to won a holiday homes in Europe but are put off by the incredible high property prices and low return of established European destinations like London, France, Italy or Spain.

The luxury scheme near Balchik, which has drawn influences from the extravagant Arabian resort of Madinat Jumeirah in Dubai, will represent one of the most significant development sites in Bulgaria. At its heart, Azure del Mar will feature a beautiful canal system of fresh seawater leading to all destinations within the vehicle-free scheme. Residents and guests will be transported throughout the resort via frequent water taxis or along multiple pedestrian walkways and bridges, all of which will branch out from the centrally located and aptly named 'Grand Canal'.

At the end of the Grand Canal, a fresh water Infinity pool will seemingly spill out into the sea and will be serviced by a trendy poolside bar known as Vertigo. Beneath the pool will be a state-of-the-art gym and spa centre which will feature floor-to-ceiling windows providing the ultimate in unobstructed sea views and will offer a wide range of health and fitness facilities and contemporary spa treatments.

This first phase of the development will be marketed at investors in Dubai and the rest of the Middle East. Expanding on what is on offer, Harry adds, " Canals and pedestrian walkways enclosing private gardens will surround twenty-six luxury duplex villas, set back from the cliff's edge. Adjacent to the centrally located canals will be eleven luxuriously appointed apartment units, each comprising studio, one and two bedroom apartments and penthouses. Each block of just 34 apartments will be designed around a cloistered courtyard and will enjoy the luxury of waterside living and the benefit of private communal pools."

In the centre of the scheme, along the banks of the Grand Canal, a number of excellent bars and restaurants will provide many types of superb cuisine and a lively nightlife. Residents and guests will also be able to access, via glass-enclosed lifts, the beach area and jetty which will offer activities ranging from sunbathing and swimming to sailing and water-skiing during the long, hot coastal summers famous in this area of Bulgaria. Close to Azure del Mar are three international 18-hole golf courses. Two Gary Player-designed courses and one designed by Ian Woosnam will satisfy the most discerning of players. The scheme will also feature a lavish hotel situated at the front of the development, and for those with families, a children's pool with mini aqua park and a nearby mini golf park will be included.

Why invest in property in Bulgaria.....
"Why invest in Bulgaria... why not!!" Exclaims Harry. Ever since Bulgaria was invited into the European Union (EU) property prices have increased about 20 % per year and since Bulgaria's has been granted entry into the European Union as on the January 1st 2007, property prices are set to skyrocket. From past European case studies we can project a very good capital appreciation for the Development. Investors can look forward to great appreciation of their investment as well as a holiday home in the in Europe," he adds.

Alitalia and Haemus Air currently offers flights from Dubai to Sofia and Varna International Airport, a comfortable 55-minute drive from Azure del Mar. The three and a half hour flights are available several times a week making Azure del Mar very easy to get to all year round. As a result of the popularity of Bulgaria, discount airlines and several Middle Eastern airlines are also exploring future flights to the area making travelling to Bulgaria and Azure del Mar far more convenient and economical.

Robert Jenkins, Director of Bulgarian Dreams, says; "We are very excited to launch Azure del Mar in Dubai as it will be Bulgaria's first world-class development and the only one of its kind in Europe. This scheme will be impressive to holidaymakers, second homebuyers and investors alike, as it will be unique and unexpected with its old-world Arabian design."

While the scheme will be competitively priced due to its Eastern European location, it will be of a calibre associated with developments in places such as the south of France, Italy and Spain.

"The exclusive 10 Cliff villas will be sold to select jetsetters in Europe and the Middle East and is offered by invitation only," said Harry Kantaria.