Reality pro investory

Green Terrace Residence

Dhermi

from €176,688

Description

The Green Terrace Residence project is a premium residential complex located in Palasë on the Albanian Riviera. The project is being developed in partnership with an international hotel chain and will operate under the Radisson Individuals brand. It represents the "branded residences" model, combining private ownership with the infrastructure and standards of an international hotel operator.

🔑 Key parameters

  • Layout: Studios, 1+1, 2+1, 3+1, and two-story duplexes

  • Property type: Branded residential and hotel complex (Radisson Individuals)

  • Energy standard: Class A (advanced thermal insulation, energy-efficient windows)

  • Facilities: Outdoor and indoor pool, spa, paddle tennis court, restaurant, bar

  • Rental management: A professional buy-to-let rental management program is available, with an estimated yield of up to 8%

🏗️ Detailed project description
The complex's architectural design was created by the internationally renowned ARUP studio. The offering includes a wide range of layouts, from compact studios to spacious 3+1 family apartments and duplexes. Selected units come with their own private pools. The building meets Class A energy standards, uses modern insulation systems, and minimizes energy use for heating and cooling. The grounds offer residents extensive recreation and sports options, including a wellness center, indoor and outdoor pools, and a paddle tennis court. The developer also offers optional interior design services and turnkey furnishing through its own team.

📍 Location and amenities
The project is located in the seaside area of Palasë, with direct access to the beach of the same name on the Albanian Riviera.

Location

Available units (41)

UnitLayoutAreaFloorPriceFloor plan
AP-02 (Budova 3)3+1139.6 m²0€442,059

Interior + balcony 112.4 m² + common areas 27.2 m² + veranda 28.6 m² + swimming pool 8.8 m²

AP-03 (Budova 3)3+1191.9 m²0€606,607

Interior + balcony 154.5 m² + common areas 37.4 m² + veranda 56.8 m² + swimming pool 8.8 m²

AP-06 (Budova 3)1+161.7 m²1€181,831

Interior + balcony 49.5 m² + common areas 12 m²

AP-07 (Budova 2)1+178.7 m²1€289,926

Interior + balcony 62.6 m² + common areas 16.1 m² + veranda 32.1 m² + swimming pool 7.5 m²

AP-07 (Budova 3)3+1168.3 m²1€611,140

Interior + balcony 135.5 m² + common areas 32.8 m² + veranda 62.9 m² + swimming pool 10 m²

AP-08 (Budova 3)2+184.1 m²1€321,368

Interior + balcony 67.7 m² + common areas 16.4 m² + veranda 41.9 m²

AP-09 (Budova 3)2+1122.4 m²1€438,790

Interior + balcony 98.6 m² + common areas 23.8 m² + veranda 41.9 m² + swimming pool 7.5 m²

AP-109 (Budova 1)1+1103.9 m²1€353,481

Interior + balcony 81.9 m² + common areas 22 m² + veranda 31.2 m²

AP-111 (Budova 1)Studio59.7 m²1€182,682

Interior + balcony 47.1 m² + common areas 12.6 m²

AP-12 (Budova 2)1+178.3 m²1€239,659

Interior + balcony 62.3 m² + common areas 16 m²

AP-16 (Budova 3)1+161.7 m²2€182,566

Interior + balcony 49.7 m² + common areas 12 m²

AP-17 (Budova 3)1+160.9 m²2€186,201

Interior + balcony 49 m² + common areas 11.9 m²

AP-18 (Budova 3)1+162 m²2€195,942

Interior + balcony 49.9 m² + common areas 12.1 m²

AP-20 (Budova 2)1+172.9 m²2€230,510

Interior + balcony 58 m² + common areas 14.9 m²

AP-202 (Budova 1)1+1100.7 m²2€299,911

Interior + balcony 79.4 m² + common areas 21.3 m² + veranda 16.4 m²

AP-212 (Budova 1)1+190.8 m²2€302,328

Interior + balcony 71.6 m² + common areas 19.2 m² + veranda 16 m²

AP-22 (Budova 2)1+160.1 m²2€183,879

Interior + balcony 47.8 m² + common areas 12.3 m²

AP-23 (Budova 2)1+160.1 m²2€183,879

Interior + balcony 47.8 m² + common areas 12.3 m²

AP-25 (Budova 3)1+173.1 m²2€316,916

Interior + balcony 58.9 m² + common areas 14.2 m² + veranda 47.9 m² + swimming pool 7.5 m²

AP-26 (Budova 3)1+182 m²2€344,715

Interior + balcony 66 m² + common areas 16 m² + veranda 47.3 m² + swimming pool 7.5 m²

AP-27 (Budova 3)1+198.2 m²2€270,523

Interior + balcony 79.1 m² + common areas 19.1 m²

AP-28 (Budova 2)1+194.5 m²3€404,205

Interior + balcony 75.2 m² + common areas 19.3 m² + veranda 58.6 m² + swimming pool 10.5 m²

AP-28 (Budova 3)1+159.7 m²3€176,688

Interior + balcony 48.1 m² + common areas 11.6 m²

AP-29 (Budova 2)3+1150.2 m²3€613,072

Interior + balcony 119.5 m² + common areas 30.7 m² + veranda 75.2 m² + swimming pool 7.5 m²

AP-29 (Budova 3)1+160.2 m²3€184,301

Interior + balcony 48.5 m² + common areas 11.7 m²

AP-30 (Budova 2)3+1136 m²3€511,380

Interior + balcony 108.2 m² + common areas 27.8 m² + veranda 41.3 m² + swimming pool 7.5 m²

AP-304 (Budova 1)1+1101.9 m²3€332,602

Interior + balcony 80.3 m² + common areas 21.6 m²

AP-305 (Budova 1)1+1103 m²3€336,192

Interior + balcony 81.2 m² + common areas 21.8 m²

AP-308 (Budova 1)1+189.3 m²3€291,475

Interior + balcony 70.4 m² + common areas 18.9 m²

AP-309 (Budova 1)2+1149.9 m²3€577,891

Interior + balcony 118.1 m² + common areas 31.7 m² + veranda 54.3 m²

AP-33 (Budova 2)1+158.8 m²3€180,033

Interior + balcony 46.8 m² + common areas 12 m²

AP-33 (Budova 3)1+174 m²3€324,023

Interior + balcony 59.6 m² + common areas 14.4 m² + veranda 44.5 m² + swimming pool 7.5 m²

AP-34 (Budova 3)3+1137 m²3€515,303

Interior + balcony 110.3 m² + common areas 26.7 m² + veranda 41.8 m² + swimming pool 7.5 m²

AP-38 (Budova 2)3+1138.4 m²4€554,745

Interior + balcony 110.1 m² + common areas 28.3 m² + veranda 43.1 m² + swimming pool 8.8 m²

AP-40 (Budova 2)2+1115.8 m²4€506,789

Interior + balcony 92.1 m² + common areas 23.7 m² + veranda 60.7 m² + swimming pool 7.5 m²

AP-401 (Budova 1)2+1184.1 m²4€975,860

Interior + balcony 145.1 m² + common areas 39 m² + veranda 178.5 m²

AP-42 (Budova 2)1+159.5 m²4€212,272

Interior + balcony 47.3 m² + common areas 12.2 m²

AP-45 (Budova 2)2+1115.3 m²5€441,359

Interior + balcony 91.7 m² + common areas 23.6 m² + veranda 16.7 m²

AP-46 (Budova 2)2+1115.3 m²5€441,359

Interior + balcony 91.7 m² + common areas 23.6 m² + veranda 16.7 m²

AP-47 (Budova 2)1+172.7 m²5€341,338

Interior + balcony 57.8 m² + common areas 14.9 m² + veranda 45.9 m² + swimming pool 8.8 m²

AP-506 (Budova 1)2+1182.1 m²5€786,650

Interior + balcony 143.6 m² + common areas 38.6 m² + veranda 76.5 m²

Payment terms

Bank financing: The project partners with ProCredit Bank, which offers financing of up to 80% of the property's value. Payment schedule (interest-free financing): Payments are tied to construction phases and differ by building: For Building 1: 50% within 5 days of signing the preliminary purchase contract. 30% after the shell construction is complete. 15% after the facade is completed and windows installed. 5% upon signing the final purchase contract and handover. For Buildings 2 and 3: 5% reservation fee (payable within 15 days of reservation; 50% of the amount is forfeited on withdrawal). 35% upon signing the preliminary purchase contract at the notary (the reservation fee is already included in this amount). 30% after the shell construction is complete. 25% after the exterior facade is completed. 5% on the day of key handover and transfer of ownership.