Lifestyle Developments in Malta – ‘Special Designated Areas’ (SDA’S)
Special Designated Areas (SDA’s) is a status granted to qualifying developments of apartments and penthouses, that allow both EU and non-EU nationals to purchase property in Malta with the same acquisition rights as Maltese citizens and without the need to obtain an AIP permit (Acquisition of Immovable Property). Therefore, there are no limits on the number of properties a buyer can purchase and once acquired the owner can also lease or rent the property without restrictions (any rental income is taxed at 15%). As a result, these developments are extremely popular with international investors as well as the Maltese.
Luxury Apartments & Penthouses in Malta
Special Designated Areas typically offer a car-free environment with beautiful communal areas and landscaped gardens, whilst being close to some of Malta’s best entertainment destinations, with world-class amenities and accessibility to luxurious facilities. Most of these developments offer 24/7 security surveillance, ‘residents only’ swimming pools, fitness clubs and excellent underlying parking facilities.