Presentation on theme: "ARUBA The Caribbean’s Premier Tourist and Investment Destination Year 2011 Year 2011."— Presentation transcript:
ARUBA The Caribbean’s Premier Tourist and Investment Destination Year 2011 Year 2011
Description of the Island Aruba Aruba is a Dutch Island in the Southwestern region of the Caribbean, close to the coast of Venezuela. The average annual temperature is 27 degrees Celsius, pleasantly softened by the constant northeast trade winds. Aruba has a constitutional monarchy (as part of the Kingdom of the Netherlands) with a parliamentary democracy. Aruba's most important trading partners are The Unites States of America, The Netherlands and Venezuela. Tourism is the most important industry contributing more than 50% to the GDP
Statistics of interest The GDP in recent last years has remained postive with minor adjustments to the world ecomomic recession.The GDP in recent last years has remained postive with minor adjustments to the world ecomomic recession. Aruba’s GDP in 2010 was $ 2.6 billion with a per capita income of over USD. 23,000. Aruba’s tourist arrivals has surpassed the 1.3 million mark in 2010, consisting of 535,000 cruise visitors and 825,000 stay over tourists. The inflation is stable and has averaged approximately 3% over the last 10 years.The inflation is stable and has averaged approximately 3% over the last 10 years. The Aruban florin is pegged to the dollar with an exchange rate of 1.80 Aruban florin to 1 US dollar. The Central Bank of Aruba keeps a dollar reserve of 8 months (4 months is the requirement) to keep the exchange rate steady.The Aruban florin is pegged to the dollar with an exchange rate of 1.80 Aruban florin to 1 US dollar. The Central Bank of Aruba keeps a dollar reserve of 8 months (4 months is the requirement) to keep the exchange rate steady.
Why Invest in Aruba Aruba, as a part of the kingdom of the Netherlands, falls under the Dutch Judicial system. One’s individual rights are protected through the superior courts of The Hague, Holland. The economy is prosperous with a high degree of social development.The economy is prosperous with a high degree of social development. The tourist sector is strong and stable and has shown a high degree of flexibility to the changing external environment.The tourist sector is strong and stable and has shown a high degree of flexibility to the changing external environment. The labor force is highly educated. The literacy rate is among the highest in the Western hemisphere. A large % of the population speaks four languages complementing very well the service sectors.The labor force is highly educated. The literacy rate is among the highest in the Western hemisphere. A large % of the population speaks four languages complementing very well the service sectors. Aruba enjoys strong political relations with the USA which has allowed for complete US Immigration and US Customs pre-clearance.
Why Invest in Aruba The Fitch and Standard & Poors affirms Aruba’s investment rating as BBB y A-/A-2, respectively, with a stable outlook.The Fitch and Standard & Poors affirms Aruba’s investment rating as BBB y A-/A-2, respectively, with a stable outlook. Aruba is ranked at the top as destination for real estate investment in the Caribbean and “Best islands to live on”. Homeowners can receive a permanent residence permit as “Retiree” with evidence that one can sustain themselves financially. There are no capital gain taxes on property on Aruba. There are no legal restrictions on property ownership. The only requirements are a valid Photo ID and evidence of financial resources.
Limited offer on real estate A limited offer combined with a growing demand creates a positive impact on prices for real estate, especially in the tourist areas, where average property growth has been around 8 to 10 % per year. Why?A limited offer combined with a growing demand creates a positive impact on prices for real estate, especially in the tourist areas, where average property growth has been around 8 to 10 % per year. Why? Aruba is a small island, limited in area and hence has limited land for development. Historically, 85% of the land mass belongs to the Government, limiting development mostly on the remaining 15%, that is privately owned. Five years ago the zoning law has been introduced limiting the overall commercial development on the island. One of the Government’s important policy calls for sustained development where the economic growth must go hand in hand with the level of social development, the quality of infrastructure and in harmony with the environment.
WELCOME TO GOLD COAST ARUBA Your Lifestyle…… Your Home…… Your Home……
More than a Promise…… 260 homes…… 260 homes…… 50 Villas…… 50 Villas…… 160 Townhomes…… 160 Townhomes…… 50 Condos…… 50 Condos……
Who is Gold Coast Aruba GOLD COAST ARUBA, is part of the local companyGOLD COAST ARUBA, is part of the local company Cas Bon, specializing in residential community development, who counts with an excellent reputation. The company has over 15 years of real estate experience in Aruba and has developed more than 15 residential communities appealing to both the local and visitor markets, of which Gold Coast is our marquee project. The mission at GOLD COAST ARUBA is to develop a premier residential community by delivering high-quality homes, infrastructure and facilities, in addition to providing the personal attention and services comparable to that of any of Aruba’s five star resorts.
Why Choose for Gold Coast Aruba GOLD COAST ARUBA is located in prestigious Malmok, the most attractive area of Aruba in terms of demand and appreciation of property values. We are located adjacent to Aruba's signature championship golf course, a short distance from the most beautiful beaches and minutes away from the premier shopping, dining and entertainment areas of Aruba’s famous Palm Beach. GOLD COAST ARUBA offers those amenities and services one would expect to receive only at Aruba’s luxury resorts, including a Club House with tennis courts, pool, retail area, business center, fitness center, salon and spa, and a restaurant with an adjoining function area to host private events and celebrations It is one of the most exclusive, gated community in Aruba with a lifestyle tailored to the most demanding owner, yet with very reasonable prices.
Why Choose for Gold Coast Aruba The first buyers are already enjoying a 50% appreciation on the value of their properties. Gold Coast is more than a promise. Gold Coast has sold nearly 147 homes (56%) and delivered more than 126 homes (48%) to satisfied homeowners. Financing is available to non-residents: 40% owner’s equity, 60% financed by local banks at 8% APR, with duration of minimum 5 years. Gold Coast offers homes where the land upon which the home is located is owned and not leased.
More Return on Your Property For those homeowners seeking an additional return on their investment, we offer a full service rental management program. It offers homeowners the flexibility to choose their vacation time first, and leaving the remaining time for rental use. This program has a history of 2 years and has already achieved 60% occupancy rate. The rental program is managed and marketed by Platinum Properties Management Company, consisting of professionals with extensive experience and knowledge in the Aruban tourist market. It is being marketed through specialized trade shows in South America, North America and Europe, through specialized websites and in local trade magazines.