Uptown Lux

Funchal, Santa Luzia 18 Available units

Residential project with T1 to T3 apartments, with a swimming pool in the shared amenities and shaped around coastal living.

Typologies

TypeUnitsAreaPrice
T1465 - 77 m²€740K - €860K
T2990 - 95 m²€880K - €1,5M
T35115 - 147 m²€1,5M - €3,1M

According to Remax, Sotheby’s

Project details

Amenities
Gym, Parking
Total units
36
Completion
2027

Location and access

Nearest beach23 minPraia de Machico
Nearest airport21 minMadeira Airport
International schools1 minInternational Sharing School Madeira

Available units

LevelTypologiesBathsParkingInt. areaPrice
0T12172 m2€740K
0T12165 m2€850K
1T12177 m2€850K
0T12177 m2€860K
0T22290 m2€880K
0T22290 m2€910K
0T22294 m2€960K
0T22291 m2€970K
0T22290 m2€1,1M
1T22291 m2€1,2M
0T22294 m2€1,3M
0T22295 m2€1,5M
0T22295 m2€1,5M
2T322115 m2€1,5M
2T322125 m2€1,6M
0T322125 m2€1,6M
0T322115 m2€1,8M
2T322147 m2€3,1M

Market

1. Location price

Average asking price in Santa Luzia

4 224 €/m²

Average asking price in Santa Luzia, including new builds and resale homes.

2. Market dynamics

Growth 12 months -8,8%
Growth 24 months -6,2%
Forecast 12 months +14,9%
Forecast 24 months +32,0%

3. Price in this project

Average price in this project

13 255 €/m²

Forecast 12 months 15 228 €/m²
Forecast 24 months 17 494 €/m²

4. Asking price history and projection

Projection based on the 5-year CAGR.

€/m² 01 0003 0004 0006 000 Projection → 09/1609/1709/1809/1909/2009/2109/2209/2309/2409/2509/2609/2709/28
Santa LuziaMadeira (Ilha)

Sources: Sava New Build Index, Idealista

Nearby projects

Funchal

T1€475K151 m²1
T2€575K - €625K111 - 175 m²2
T3€1,6M509 m²1

Funchal, Santa Luzia

T1€490K - €690K4
T2€715K1
T3€490K - €1,4M9

Funchal

T2€970K - €1,2M112 - 142 m²6
T3€1,5M - €1,7M165 - 207 m²4