Ombú

Ombú

Available :

Phases 1, 2 & 3

-

Ready to move in

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Property details
Prices and Availability
From: MX $ 2 777 000
informations
Avenida Huayacan, Cancun, Quintana Roo, Mexico
5 units available / 184 total units
Property type: condo
2 bed unit available

Earliest Delivery:

Ready to move in

HOA Fees :

MX $ 3500 / month

Phases & Delivery

Phase 1 : Ready to move in
Phase 2 : Ready to move in
Phase 3 : Sold out

Amenities

Features

Security
Security Cameras
Closing in pesos
Rental Management Service
Outdoor parking

Amenities

BBQ Area
Bar
Event Room
Playground Area
Pool
Reception Desk/Lobby
Soccer Field
Terrace
Walking Trails
HOA Fees :
MX $ 3500 / month

Development

Construction progress

July 2024

Phase 1 - Delivery in July 2024

June 2024

Phase 2 - Delivery in June 2024

May 2024

Phase 3 - Delivery in May 2024

Points of Interest

Airport
Cancun International Airport (CUN)
5.1 km
Train Station
Mayan Train - Cancun Airport
6.7 km
Bus Station
ADO Cancun Centro
12.5 km
Hospital
Hospital Galenia
7.4 km
Public Beach
Playa Langosta
12.0 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.