THE OLIVE ISLAND RESORT ON ISLAND UGLJAN
Directly from the Developer - Presented by:
Damen-Croatia Real Estate
The Ultimate Waterfront Living
The Olive Island Resort is being developed on Ugljan Island as the first integrated holiday development on the Dalmatian Riviera.
Amenities will include swimming pools, tennis courts, marina, shops, bars, restaurants and a 4.5 star spa hotel. Golf courses are also planned in the surrounding vicinity. For sale are a stunning range of 431 apartments and villas, built to top European standards, all with sea views and large terraces/patios or gardens.
Price Ranges: Apartments and villas from Euro 2.600 - 3.000 sqm.
Prices are contractually fixed and include individual air-conditioning and heating systems, fully fitted kitchens and bathrooms as well as flooring, tiling and parking spaces.
Sure-let: Buyers have a range of purchase options, including owner occupation or usage of the apartments or villas for four weeks of the year while still receiving a guaranteed minimum net rental yield.
Tight Market for Seafront Property
Recently issued planning regulations prohibit the development of sea front properties in Croatia – unless it is an exclusive low density tourism project approved by the government. We are in the rare position to be able to offer exactly that! This project is bound to be the first and only one of its kind for the foreseeable future.
Site plan
View over the site of the development
The "Olive Island" Ugljan
The island Ugljan is the garden of the city of Zadar. The island, covered with pine trees, fig trees, vineyards and olive groves, received its name in connection with the abundance of aromatic oil, which has been extracted for over 2.000 years from the more than 100.000 olive trees. The oil is well-known for its high quality.
Despite its geography, the island has the benefits of urban convenience. Its close proximity to the mainland and frequent travel connections make it a convenient destination. Only 30 minutes of travel with regular ferry lines separate the island from the city. On Ugljan, a mild and healthy Mediterranean climate prevails, where the stillness of the sea changes with the favourable winds. The average air temperature from May to October is 22°C, 2.500 sun hours are registered annually and the summer brings the refreshment of a mistral breeze.
Bathers are drawn to the beautiful sand beaches. There are several restaurants on Ugljan, in which local specialties are offered. All those that love Mediterranean landscapes will greatly enjoy the wonderful panorama of the island.
Some short history details
The island's current name was first recorded in 1325. It has been continuously inhabited since the early Stone Age. During Roman times, it was densely populated, particularly in the northwestern part, where the remains of many ancient buildings were discovered. The current towns were founded in the Middle Ages.
Beautiful panoramic view from Ugljan to Zadar
How to get there?
Daily airline connections to Zadar exist from all major European airports, with intermediate stops in Zagreb. In addition, from Easter to September, there are a multitude of charter flights directly to Zadar. Ryanair and Germanwings fly to Zadar directly from London and Stuttgart/Köln. Zadar airport is served by several airlines, either directly or via Zagreb. The airport is located some 2 km from Olive Island.
A full list of current airlines and flights can be found here (click on the links provided in grey):
Airlines
Destinations
Schedule:
Arrivals
Departures
More information on Zadar airport can be found at:
Zadar Airport ltd.
E-mail: info@zadar-airport.hr
Flight information:
Phone: 00385 (023) 205 800
Fax: 00385 (023) 205 831
Croatia and Europe maps
By car (from Central Europe), there are two fast and problem-free routes through Austria (Salzburg - Tauern Tunnel - Villach...):
Route 1: Udine - Triest - Rijeka - then along the coast to Zadar
Route 2: Karavanke Tunnel - Ljubjlana - Zagreb - Karlovac - Zadar
Hydrofoils and car ferries operate four times weekly between Zadar and Ancona, Italy. From the airport it takes 25 minutes to drive to Zadar. The Preko/Ugljan connection is 30 minutes by ferry (which departs/arrives about two times each hour), then it is a further 10 minutes of travel from the ferry to our Olive Island Resort.
Croatia - North Dalmatia - Zadar - Ugljan Island
To buy property in the Olive Island Resort is a unique investment opportunity, defined by the following factors:
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Extremely limited market - the only Croatian seafront resort available
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Croatian tourism numbers raising/doubling every season
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Huge international and domestic demand for high quality seafrong property
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Safe and free-hold title on all properties
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Land bought directly from the municipality ("virgin land")
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Secure and staggered stage payments (Escrow Account)
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No limitations to resell
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Croatian Finance now available
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Lease-back option available (guaranteed minimum rental income of 5% p.a., over 3 years)
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Professional management company in place
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Croatia is approved for EU membership
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No more government approval for foreign (European) property investors needed
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Favourable Croatian tax laws
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Possibility to form and purchase through a Croatian limited company
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Apartments and villas
1, 2 and 3 bedroom apartments and 2, 3 and 4 bedroom villas
60 - 2,000 m2
Off-plan
Q2 2008
€ 149,180 - € 1.1M
(from approx. £100,000 )
Staggered payment 20%: 30%: 50%
Upto 5% of original purchase price
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Summary of Apartments Details:
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1, 2 & 3
60 – 125 m2
15 – 52 m2
Off-plan
Q2 2008
From € 140.000
20% of NET value, 30% of net value Q2 2007, balance upon completion |
Summary of Villas Details:
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2, 3, 4, 5 & 6
115 – 235 m2
400 – 3.700 m2
15 – 36 m2
Off-Plan
Q2 2008
From € 375.000
20% of NET value, 30% of net value Q2 2007, balance upon completion |
Payment Schedule:
The payment schedule contributes further to the attractiveness of this unique project. It allows you to control real estate with rapidly increasing capital gains at only a fraction of the purchase price. A reservation fee of EUR 4.500 and two weeks later a down payment of 20% of the NET purchase price will be enough until the next payment. At this stage a mere 30% are due – again of the NET price. Only at completion in the last quarter of 2008 the outstanding balance is payable. All monies will be held in an escrow (safe) account with an Austrian bank. You are free to sell your contract on at any stage of the project!
Terms of payment Olive Island Resort:
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Reservation: 4.500 €. An initial reservation fee of the gross price is required, to secure the unit
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Reservation Agreement: 20% into the Escrow account, 10 business days after signing
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Preliminary Purchase Agreement: 30% upon receipt of the building permit, into the Escrow account.
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Purchase Agreement – last stage payment: 50% upon receipt of the valid occupancy permit, into the Escrow account.
NO BROKERAGE FEES, PRICE LIST FROM THE DEVELOPER!!!
Fees and taxes:
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Transfer Tax of 5%: must be paid within 30 days after signing the final deeds
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Legal fees: range between 1-2%
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Buying through a Croatian company is quicker (no government permit is needed) and brings with it some tax benefits.
Facilities & Features
- Built to top European standards with luxury fitted kitchens and bathrooms
- The materials used are exclusive domestic materials such as; Dalmatian sandstone, terracotta stone, high quality tile and regional timber for the external fascades and flooring
- Climate control
- Sea views and large terraces
- Marina
- Swimming pools
- Tennis courts
- Shops
- Bars
- Restaurants
- Parking
- Golf courses nearby
Artist's impression of the villas
Artist's impression of the living room, pool and views
Artist's impression of the kitchen and dining area
Artist's impression of the bathroom
Artist's impression of the apartments
Floor plans and additional information:
Please contact us directly at: info@damen-croatia.com if you require more information, floor plans and site layouts. Address your request to Ms. Danica Mulder-Milic, Sales Director. |