Areka Towers

Areka Towers

Sold :

Phase 1

-

Ready to move in

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Property details
Prices and Availability
From: 0
informations
Avenida Huayacan, Cancun, Quintana Roo, Mexico
0 units available / 148 total units
Property type: condo
bed units available

Delivery date :

Ready to move in

HOA Fees :

MX $ 2000 / month

Property Description

Areka Towers: is a residential project located in one of the greatest real estate development areas in Cancun. 144 homes in  two towers wutg a wide variety of amenities: garden common area, swimming pool, sundeck, lounge area, grill area with tables, kids park, pet park, heated events room and coworking space, roof terraces, Olympic swimming pool, gym, underground parking on two levels, storage
rooms and visitor parking.

The Mexican Caribbean is known for its paradise sourroundings, being Cancun one of the best places to live, as it is the main connection point of the region and counts with all necessary facilities. Thanks to its location in the Yucatan peninsula and its well developed infrastructures (road, air and ver y soon train), Cancun connects easily with other regions and the rest of the world, making it a consolidated international city. In 2019, 6.53 million air travelers from abroad were received, which makes Cancun an ideal place to enjoy, not only the sea and the sun, but also great returns on real estate investments, like Areka Towers.

The presence of tropical plants in the project helps controling the temperature and keeps mosquitoes away. Wide open green areas, central yards and “vege-patios”. The latter serve as permeable green spaces that help to provide autonomy and privacy to the houses.

Designed following some LEED (Leadership in Energy and Environmental Design) criteria. It promotes a responsible architecture that is respectful to natural resources and the environment. Based on the optimal use of sunlight, control systems are used to achieve maximum user comfort.

Cross ventilation is achieved through openings in all facades and permeable green spaces. No heat islands from stagnant air are generated as wind tunnels are created through air circulation.

Areka Towers is located in the Huayacán area, this area is having a constantly growing capital gain. Surrounded by all the services you require, such as shopping centers, hospitals, educational centers, 15 minutes from the beach, 20 minutes from the Airport and 16 minutes from downtown. Which makes it an ideal project to live and to invest.

Phases & Delivery

Phase 1 : Sold out

Amenities

Features

Garbage Chute
Outdoor parking
Closing in pesos

Amenities

Bar
Coworking Space
Dog Park
Event Room
Gym
Playground Area
Pool
Storage
Sundeck
HOA Fees :
See Unit

Development

Points of Interest

Airport
Cancun International Airport (CUN)
8.0 km
Train Station
Mayan Train - Cancun Airport
9.5 km
Bus Station
ADO Cancun Centro
12.8 km
Hospital
Hospital Galenia
4.1 km
Public Beach
Playa Langosta
8.8 km
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Frequently Asked Questions

Can a foreigner own real estate in Mexico?

Absolutely! The key distinction in the buying process is the use of a trust or fideicomiso. It is required to acquire property or land in the Restricted Zone. The restrcited zone is 100 km from the border with another country and 50km from the coastline.

What is the restricted zone?

100 km from national borders and 50 km from the coastline.

What is a Fideicomiso?

It is a trust system ownership sanctioned by the Mexican government and secured by the Central Bank of Mexico.

In very simple terms, the foreign buyer is the beneficiary of that trust.

It is 50-year perpetually renewable and transferable bank trust.

The beneficiary of the trust has ALL the rights commonly enjoyed by a Mexican owner (use, sell, lease, etc) 

It means irrevocable and absolute ownership rights to the property; the bank CANNOT sell the property without written consent of the beneficiary. The Mexican Bank Trust only holds the property title for the beneficiary but doesn't have any rights over the property.

It is important to mention that a lot of Mexican nationals go for a trust based ownership as it clearly states the beneficiaries in case of death.

Why is the use of a trust required?

In the 1917 Mexican Constitution, foreign ownership was forbidden in the Restricted zone because of Mexico's long history of land ownership dominated by foreigners (article 27). In 1973, a series of foreign investment laws were implemented as the Mexican government saw that foreign investment could have a positive impact on the economy. As a result of the relaxation of the laws on foreign investment, the trust system was created in 1993. Overall, it was much easier to create a trust system for foreign ownership than completely changing the Mexican Constitution.