As far as modern and sophisticated living in Malta goes, Tigné Point, on Dragut Point in Sliema, is as good as it gets; but what is it like living there, and what are the perks?
Over the last decade, there has been a boom in high-end real estate in Malta, but few can promise their inhabitants the amazing perks Tigné Point has to offer.
Perched on Dragut Point in Sliema, the whole estate boasts mesmerising views of Marsamxett Harbour and Valletta, and has Malta’s biggest shopping complex on its doorstep the Point Shopping Mall – but who is it best suited for?
With some 300 apartments (some of which are still being constructed), Tigné Point has a range of properties to suit everyone’s needs. There are studio and duplex apartments, three-bedroom flats and 650m2,detached penthouses with private pools. Some of these overlook the gardens and walkways, others look out to the central piazza, while others enjoy views of the sea or magnificent Valletta.
All of these options are just a stone’s throw away from The Point, Malta’s biggest shopping complex, which boasts a supermarket as well as 65 other shops and a gym. There are also cafés, restaurants and bars within the estate, making the whole experience of living here inclusive and convenient.
Tigné Point is also within walking distance from Sliema and St Julian’s, where even more shops, bars, restaurants and recreational areas can be found. Just five minutes away on foot, in fact, is Qui Si Sana’s open garden, which children love visiting.
As an development of real estate, Tigné Point is very child-friendly, particularly because it has been built on a 30-acre car-free zone. The main, central piazza is a fantastic, safe place for kids to play within close proximity to their homes and, for an €80 fee per season, children (as well as adults) can make use of the residents’ pool, which also has a deck area and a kids’ pool.
All in all, Tigné Point is ideal for both singletons as well as families, as it offers a range of perks that few other estates – or indeed, whole towns – can provide. It is even ideal for newcomers to Malta, as this project has turned Dragut Point into a special designated area in which foreigners can buy property under the same conditions as Maltese nationals, hold multiple units and rent them out.Tigné Point is also incredibly central, and it takes around 10 minutes to drive to Valletta, the University or the Hospital; and just five minutes to St Julian’s given that there is no traffic. Residents also have the added luxury of having the Valletta-Sliema-Valletta ferry right next to Tigné Point, which takes only 10 minutes to the Capital and avoids all land traffic.
Tigne Point is definitely an interesting development – it encompasses everything that an expatriate would need if they were to relocate to Malta. Close-by shopping, super market, beautiful views, a residents pool restaurants and cafe located within this multi-use complex. But what kind of property can you rent or buy, what is the standard of finish? Tigne Point was initially designed by famous Italian architects together with locals so your assurance is that every care, from materials utilised to design has been well thought out to keep this development atop of the quality ranking and as a benchmark in Maltese society. Apartment prices range from €385, 000 for a well sized (100 Sqm) one bedroom to €1, 800, 000 for a 3 bedroom seafront (224 Sqm) apartment with lovely terrace. One may find various options both for rent and for sale. One must note that rental properties go faster than you think so if you have your eyes on one it is recommended to grab it.
Return on rental investment is between 4% and 7%, depending on the way you rent the apartment. Those foreigners purchasing in this Special designated area may rent freely. It is recommended that you contact a professional real estate company to guide you professionally. For buying procedures go to http://www.remax-malta.com/buying.aspx