Navigating the booming property market in Aruba
he island of Aruba, with its turquoise waters and sun-kissed beaches, is not just a tropical paradise for vacationers but a golden opportunity for astute property investors. Garrick Hasham, Sales Associate at Aruba Sotheby’s International, and Aileen Kelly and Jennifer Figaroa, Brokers at Bold Properties Aruba share further insights.
Aileen Kelly and Jennifer Figaroa – Brokers
Bold Properties Aruba
Garrick Hasham – Sales Associate
Aruba Sotheby’s International
“In recent years,” Garrick begins, “Aruba’s property market has experienced a notable shift, particularly during and after the COVID-19 pandemic.” The crescendo of this shift is the surge in vacation rentals and short-term accommodations. Platforms like Airbnb and VRBO have not only played a pivotal role but have opened a new avenue for property owners to capitalise on the increasing demand. The draw for investors lies in the dual promise of breathtaking beaches and the island’s reputation for a remote work-friendly environment.
Yet, this wave of interest isn’t just a flash in the pan. Aileen Kelly and Jennifer Figaroa seamlessly pick up the narrative, revealing that beachfront condos are the premier travel trend, offering a carefree lifestyle and easy property management. According to Aileen and Jennifer, “with prices steadily increasing at 3-5% annually, these condos offer investment potential for all budgets, from $450,000 to $7 million.”
Floridian-style
<< Located at LG Smith Blvd 532-E in Aruba’s coveted Malmok area, this Floridian-style home boasts four bedrooms and a separate staff’s quarters.
£3m / €3.5m / $3.8m
Garrick Hasham
t: +297 593 5395
e: [email protected]
Aruba Sotheby’s International Realty
www.sothebysrealty.com
Situated within walking distance of Northside beaches, the property is tucked away for privacy. The entrance level features a foyer, garage access, and two bedrooms. Unique in design, the main living area is on the second floor, accessible by a wide staircase. This floor includes a large kitchen connected to a spacious living area with a wrap-around balcony and sea views. Bedrooms, each with ample closet space and private bathrooms, are located on both levels. The outdoor spaces include a mature garden, pool area with a bathroom and bar, and a roof terrace with unobstructed views.
Amenities galore
>> This new modern masterpiece in Aruba, located in the serene town of Savaneta, offers luxury living in a private, three-estate gated complex adjacent to a national park.
£3.99m / €4.6m / $5.1m
Garrick Hasham
t: +297 593 5395
e: [email protected]
Aruba Sotheby’s International Realty
www.sothebysrealty.com
The three-level home, set on a 1042m2 property, features a spacious open floor plan with soaring ceilings, providing breathtaking ocean views. With six bedrooms, including two master suites, and seven bathrooms (three with outdoor showers), the residence includes a professional gourmet kitchen, grand living and dining areas, a gym, media room, staff’s quarter, and a three-car garage. The outdoor space boasts a resort-style infinity pool, sandy beach, waterfall-style shower, grill area, and landscaped gardens. Designed by renowned architect Carlos Agell and decorated by New York-based Tania Tovar, this fully computerised, self-sustaining house includes solar panels.
Comfort and convenience
>> Located in Bubali, Aruba, this modern luxury residence offers tranquility in a vibrant island community. The two-storey masterpiece spans 9504.53 sq. ft. of meticulously landscaped property.
£1.94m / €2.24m / $2.5m
Shekainah Daal
t: +297 569 4522
e: [email protected]
Bold Properties Aruba
boldrealestatearuba.com
Divided into a main home and adjoining apartment, the main home features three bedrooms, a gourmet kitchen with Colombian cabinets, and a refreshing pool with a summer grill kitchen. The attached apartment has two bedrooms and seamless access to the pool area. Fully furnished and completed in 2022, the home boasts the latest amenities, central cooling, balconies for each room, and a two-car garage.
