Mirah Investment & Development offers luxury vacation houses and villas in Bali
Indonesia’s sun-drenched island Bali is an ideal holiday destination as well as property investors have been eager to profit from the rising demand of holiday homes for travelers and expatriates.
In an effort to draw foreign investment In order to attract foreign investment, to attract foreign investment, the Indonesian government has introduced policies for investors that make it easier to invest into the Bali property market. The island is currently experiencing the emergence of new residential development projects that are appealing to an ever-growing community of foreign buyers.
Novo Place sales equivalent to $661.67 per square foot per plot ratio (psf ppr).
Investors who are new and experienced depend on expert developers such as Mirah Investment & Development for high-end luxury projects as well as end-to-end solutions that make it easier to complete the purchasing process for buyers from abroad.
A booming investment market
Bali’s captivating blend of breathtaking natural beauty and an unparalleled island lifestyle that is accompanied by an growing tourism industry has placed Bali as the Indonesian island as the top destination for international buyers looking to make high-income real estate investments that are luxurious throughout Southeast Asia.
The regulatory framework has been made more favorable to foreign investors by the launch of the newly introduced Second Home Visa by the Indonesian government in December 2022. This is a fresh initiative to offer long-term visas which allow people to live within the country for a period of up to 10 years, which will increase the amount of foreign direct investment.
This visa is specifically designed to foreigners who are engaged in non-work-related pursuits such as investing, tourism, and retirement. In addition, it allows visa holders to be able to sponsor their immediate family members.
In the past few years, some of the most discerning developers have brought a brand new kind of real estate to the shores of paradiseluxurious apartment and villas that feature bold designs and construction of European standard that was never before seen on the island, generating an interest from smart investors looking to make a profit.
In the long run this is a good sign for investors who are willing to enter the market right now, since the real estate market in Bali has been trending towards a high returns on investment properties with an average of 8.3% up to 12% on rental income in the first instance, with further benefits derived from the rapid appreciation of the property’s value.
Expectations for the sector are optimistic as a tourism industry is rapidly regaining its strength which is generating a high demand for both long- and short-term rentals. The island has had an incredibly high level of occupancy, and a steady year-on-year growth in the average daily rate (ADR).
Experienced specialist developer
Some investors are willing to do it on their own for navigating Bali’s property market, as well as Indonesia’s ownership laws. However, experienced investors prefer specialist property developers such as Mirah Investment & Development.
As Bali’s top property developer the company offers complete services that include tax and legal guidance for its customers, making it the purchase and investment process. The company has years working experience on the market locally and is specialized in commercial and residential upmarket real property.
Its portfolio comprises 13 property brands. It currently has ten projects under development. The company’s history includes the construction to more than 500 properties in Indonesia. The company’s portfolio comprises 11 F&B outlets as well as five resorts and hotels.
Two of its most innovative luxurious projects include a beachfront-facing serviced apartment development known as Kiara Beachfront located in Nusa Dua and a luxury serviced clifftop project known as Amali Luxury Residence located in the soon-to-be Uluwatu region.
Luxury residential properties with services
Kiara Beachfront is a 94-apartment project with one-to three-bedroom units that range from 893 sq ft up to 2,507 sq feet. These serviced apartments are constructed along the Nusa Dua beachfront, with sea views and direct beachfront living.
The region is famous for the white beaches, clear water, and a variety of sports. This region hosts Bali’s most prestigious five-star hotels and resorts such as the Ritz-Carlton and The Apurva Kempinski.
Residents can choose from a variety of types of apartments, which include standard apartments, suites and luxurious unit styles. Some of the biggest homes are three-bedroom units with stunning views of the ocean, and there are only three of them of them available in the development. The two-bedroom Beach Deluxe units offer direct beach access, while 14 Garden Suites include one-bedroom units with private gardens.
The development is located on an area of 80,730 square feet frontage on the beach, which includes facilities that are fully serviced, including the gym that is fully-equipped and a business center as well as a cafe, dining area with a beachfront view, watersports facility and two pools including an infinity pool with a beachfront view.
Mirah Investment & Development offers an effective rental management plan for investors. It is an entirely managed passive investment plan that offers accumulated three-year yields from rental income that are 36.6%. In the past, the company had completed a similar scheme, Kiara Ocean Place in Batu Belig, and sold all 99 units in just six months of sales off-plan.
Another brand new development by Mirah Investment & Development is Amali Luxury Residence, a 106-unit development located in Uluwatu. The development is situated between Bingin Beach and Impossibles Beach which is known for its beach with massive waves that are perfect for surfing. It’s located on top of a cliff. Buyers can select from a range of luxury, serviced one-to-three-bedroom homes and penthouses with sizes ranging from 796 sq ft up to 3,670 square feet. It is also the first luxurious serviced residence in the Uluwatu region.
A number of residences are designed to maximize the views of the vast beach with seven penthouses that have three bedrooms. The remaining units have stunning, unobstructed view of the beach and ocean. A few loft-style one-bedroom units as well as three-bedroom penthouses featuring private balconies jacuzzis are incorporated directly into the cliffs.
The development comes with a complete range of amenities that are serviced, like concierge services that are five stars as well as two restaurants of international brands and an exercise room spa and health center as well as two pools, including an infinity pool that is 68m long. The development is only a only a short distance from Uluwatu’s popular beach clubs such as Single Fin, Savaya, Ulu Cliff House, and El Kabron.
Similar to the developer provides an investment management program that offers an estimated conservative ROI in the range of 11.84% per year.
A trusted partner
Investors and buyers can rest confident in Mirah Investment & development’s successful track record of delivering luxurious commercial, residential and hospitality-driven developments in Bali.
As the longest-running property development firm in Bali It has an established corporate structure that is stable and stable. It also has an entire team of experts in design, tax and legal advice to guide clients through the purchasing process, and throughout their life-cycle of investment.
In light of the recent introduction of the Second Home Visa scheme and the booming growth in tourist and holiday rentals across Bali It is the perfect moment to capitalize on the rising value of capital and steady rental income luxurious, high-end properties are expected to generate.