Malek

Malek

Available :

Phase 1

-

Ready to move in

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Property details
Prices and Availability
From: MX $ 5 000 000
informations
La Veleta, Tulum, Quintana Roo, Mexico
7 units available / 16 total units
Property type: condo
2 & 3 bed units available

Delivery date :

Ready to move in

HOA Fees :

MX $ 36 / m²

Phases & Delivery

Phase 1 : Ready to move in

Amenities

Features

Elevator
Lock Off Units Available
Washer/Dryer Outlets
Closing in pesos
Outdoor parking
Controlled Access
Security

Amenities

BBQ Area
Bar
Firepit
Garden
Outdoor Gym
Pool
Terrace
Sundeck
HOA Fees :
MX $ 36 / m²

Payment Plans

Option 1Option 2Option 3Option 4Option 5
At Signing20 %30 %50 %70 %90 %
During Construction50 %40 %30 %20 %-
At Delivery30 %30 %20 %10 %10 %
At Deeding-----
Discount3 %3 %5 %7 %8 %

Development

Construction progress

February 2024

Phase 1 - Delivery in February 2024

January 2024

Phase 2 - Delivery in January 2024

December 2023

Phase 3 - Delivery in December 2023

March 2023

Phase 4 - Delivery in March 2023

February 2023

Phase 5 - Delivery in February 2023

January 2023

Phase 6 - Delivery in January 2023

December 2022

Phase 7 - Delivery in December 2022

November 2022

Phase 8 - Delivery in November 2022

Points of Interest

Airport
Aeropuerto Internacional de Tulum Felipe Carrillo Puerto (TQO)
19.4 km
Train Station
Mayan Train - Tulum
7.2 km
Bus Station
ADO Tulum
13.7 km
Hospital
Hospital Comunitario de Tulum
2.7 km
Public Beach
Playa Publica Roca
3.4 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.