Abay & Komari Property Opportunities

This is a prime development block totalling 1300 metres, sea facing in length, reaching inland to a depth of 650 metres, with scope for a large hotel/golf resort within short-haul flight from Dubai, or available to be broken up into lesser land parcels for residential, lifestyle block or boutique hotel type development. Alternately, the land may be banked at a reasonable cost. Land prices in this vicinity are approximately one tenth of those on the west coast, which frequently command as much as USD 100,000 per acre. On this side of the island you are looking at USD 15,000 for the same unit of measure. In fact the land price has actually tripled since it was purchased.

The property resides on an unencumbered freehold title known as a colonial deed, which is extremely rare for coastal land in the area. It was originally part of a larger plantation estate, with a deed history on the offered parcel available and verified. All planning and regulatory approvals are in place. This exceptionally rare stretch of tropical beachside terra firma is available for immediate sale.

Infrastructure development in the area continues at Sri LankaA?a??a??s own pace and has even been supplemented with USD 33 million in United States aid to build a new bridge. There is an air strip already located one and a half hours drive away, which offers cheap flights to more central connections at around USD 35, and you can even charter a plane for the day at the princely sum of USD 2,000.

Arugam Bay has actually been earmarked by the Sri Lankan government as a centre for tourism development, especially focusing on the eco-tourism trail based on its proximity to the Yala East national Park. Yala presents a festival of free range wildlife, roaming a natural habitat. Safari tours already allow visitors to get up close and personal with Leopards, assuming that the central nervous system holds up of course, along with the Elephants which are much harder to miss i.e. larger and generally not stalking a main course. The bird sanctuary is also a riotous display of muticoloured chattering avians.

Despite the renewed hostilities between Government forces and the Tamil Tigers of Elam, a recently returned colleague maintains that all is peace, light and tranquility in the vicinity, as the area has remained a well kept secret for long enough. Surfers and divers generally come and go by season and inclination, so down at RoccoA?a??a??s Hotel thereA?a??a??s generally always somebody in residence.

It should also be said that the area has retained its enormous potential in spite of the Tsunami and remains reminiscent of Bali thirty years ago. For those that were acquainted with Bali at the time, this would undoubtedly define the highly A?a??E?relaxedA?a??a?? aura hovering around Arugam Bay and its resort A?a??E?in waitingA?a??a?? further on up the road at Komari. A time warp, perhaps so, but there is more than a little weight behind the investment argument.

We of course are a publishing house, not an estate agency, but we are here to analyse and distill the good from the bad on behalf of our readers. So if you would care to debate the subject further, we are usually around unless the intensity of the midday sun has driven us in search of more clement weather. Talking of which, south west Sri Lanka is one of the places we would cheerfully consider, with the mercury sitting at 25 comfortable degrees Celsius throughout a customarily stifling Arabian Summer.