Portomaso is the name of an exclusive development located on the coastline near Paceville, which is part of the town of St Julian’s. The superb waterfront development made headlines when it was inaugurated in 1999, as it was the first of its kind in Malta and thus attracted great public attention.
The entire expanse of the development covers nearly 130,000 square metres, and includes The Marina, a privately owned and managed yacht marina that welcomes small water craft up to motor cruisers of a maximum length of 16 metres.
Portomaso also comprises the five-star Hilton Malta hotel, above which towers the noteworthy sky-scraping building known as the Portomaso Business Tower. As the highest tower on the island, it is visible from practically all over Malta and has become an important landmark.
With their layered setting, the different blocks of apartments overlooking the marina remind one of the traditional layered fields of the Maltese rural landscape. Tall palm trees lend an exotic look whilst the berthed yachts provide that extra touch of luxuriousness.
Property types and lifestyle
The whole of Portomaso is known for its assortment of luxury apartments, penthouses, and duplexes, as well as its great landscaping throughout. Coloured by the occasional rumour of mega-personality ownership, these apartments are considered the crème de la crème of high-society properties in this part of the island. Most of the apartments share the glamorous view; some are inland, whereas others have both the marina view and a view of the shady and sunny side of Sliema Seafront. Apartments may be in the form of small one-bedroom pads, singular multi-level properties, 3/4 bedroom villa apartments or even large penthouses with their own swimming pool. One of the advantages of Portomaso is that it has an underground car park which accommodates every property. Prices vary as much as the possibilities available, even whilst one may choose to purchase or rent out a property as it becomes available.
The Portomaso Business Tower is sought after for its state-of-the-art office facilities. As a refined business venue, the 23-floor tower provides between 295 and 465 square metres of space on each floor, depending on the level. Parking facilities, security features, concierge service and great views complement the whole.
The lifestyle at Portomaso attracts a great mix of foreigners and locals alike. The magnetism of being in a complex where you have everything at your fingertips is sought after.
Shopping, Bars, Restaurants
An attractive shopping centre set on the ground floor of Portomaso Business Tower, Arkadia Supermarket provides most shopping needs and offers a tangible selection of quality brands. However, luxury shops of note are also found within Portomaso and within its environs. These shops include fine jewellery, designer fashion, luxury watches, hairdressers, nail technicians, international wines, art and more.
Fine dining options are as varied as they come. Perched atop the business tower, one finds some of Malta’s most exclusive nightclubs. Inside the marina, you will find a selection of fine and casual dining options, some intimate restaurants, and a full-on classy wine bar.
Activities
Most people visiting Portomaso can’t do without a lovely stroll through the soothingly serene Portomaso Marina. The location is surprisingly calm and contained, even whilst being a step away from the busyness of the big wide world.
The Merkanti Beach club is your fashionable location where people socialise and grab a tan or a drink. If you’re of a more active disposition, you might fancy some sports at the Living Well Health Club – choose between the gym, the squash court or the sauna.
Couples and families enjoy any one of the restaurants within the Hilton Hotel, as well as the indoor or outdoor pool facilities and special weekend break options.
Real Estate Market – Portomaso
Whilst Portomaso is a contained development, there are ongoing opportunities to purchase property or, failing that, to rent out. Investing in a Portomaso property is a sure bet, as it is much sought after and has a strong reputation.
Each apartment boasts its own character, so no two properties are identical. As part of a Special Designated Area, the properties are unique in all ways, and since the area is now well lived-in, the facilities are fully up and running, and managed with years of experience. As a Special Designated Area, Portomaso is also a very good option to purchase with a view to letting it out. Rental returns are excellent – though one should always seek advice.
Apartments for sale and to let are available, however, very often, their availability becomes scarce. Property prices start at € 250,000. Hereunder please find a selection of customised search links to make your property search easier: