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Portomaso is located in the centre of St Julian. It was completed in 1999 by Tumas Group, and included in 2021 the Portomaso Laguna, an extension to the Portomaso residential development covering an area of 128,000. This unique, waterfront project comprises the 5-star deluxe Hilton Hotel, which is currently being extended to consist of 410 rooms, a 23-storey business tower, 455 luxury apartments, a yacht marina, a major conference venue, an underground car park, a wide range of restaurants and a shopping complex.
Apartments in Portomaso are elegantly built with plenty of indoor as well as outdoor space for residents to make use of. The seafront residential development offers luxury two bedroom and three bedroom apartments with the lagoon in-front. Typical layout of an apartment is very spacious, comprising 2 double bedrooms with en-suite, guest bathroom, laundry room, kitchen, study, living room and dining room and a large front terrace oriented to the lagoon and marina. Residents can access the lagoon from their apartment and swim out into it.
Property prices in Portomaso are on the expensive side due the extent of luxury and comfort residential properties here offer. Prices can start from approximately €4,500 per square meter and go up to €12,500 per square meter. Penthouses are, of course, more expensive than apartments.
Portomaso Property Investment
The Portomaso developments are among Malta’s most elite residential complexes, perfect for property investment. It is semi-gated and offers a peaceful, car-free environment along with a 24-hour security team to ensure the safety of residents. Its ideal location adjacent to the sea and the marina makes the Portamaso Laguna a very good property investment option and an amazing place to reside in as it offers just the perfect exposure to sun and fresh air along with a serene environment to relax in. What makes property investment even easier here is that Portomaso is a Special Designated Area. This means that foreigners can purchase a property here without acquiring an AIP permit, just like Maltese citizens.