Real Estate - , ,
‘The Shoreline' is a 200 million Euro development project composed of residential and retail elements set in Smart City, Kalkara, Malta. Kalkara is a small town on the eastern coastline 1.5km south of Valletta, the capital city of Malta. The Shoreline is a brand-new development in an existing masterplan approved by the Malta Government Authorities in Smart City with a footprint of 14,000 sqm, alongside the picturesque coast between Xghajra and the Grand Harbour in Valletta. The Smart City Masterplan offers a harmonious blend of offices, residential and retail spaces, institutions, with a lot of open spaces. ‘The Shoreline' is currently the biggest project in Malta under development. It is composed of 8 blocks with more than 500 units, a mix of 1,2,3-bedroom apartments, duplexes, penthouses and sky villas, all highly finished and with an excellent choice of sizes, layouts and orientations. These residences are further complemented by a 2 level shopping Mall providing a number of retail and catering facilities and 3 levels of underground parking. The Shoreline enjoys a Special Designated Areas status, which allows both EU and non-EU nationals to purchase property at 'The Shoreline' with the same acquisition rights as Maltese citizens and without the need to obtain an Acquisition of Immovable Property Permit (AIP permit). Therefore, there are no limits on a number of properties a buyer can purchase and once acquired, the owner can also lease the property without restrictions. Light, privacy and space are innate aspects of the apartments at ‘The Shoreline', a concept entwining modern architecture and ample internal and external spaces with the endless blue skies and the vast horizons. The residential area takes a U-shaped form and 2 arms will step towards the seafront creating large terraces at penthouse level. The unique prime location and design of the development is setting a new standard in property development in Malta.
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