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Essence presents · Off-plan apartments
Vela Paje Residences
Contemporary living, 300 metres from Paje beach. Furnished studios, apartments and penthouses.
The project
A residential escape in Paje
A planned development on an 8,200 m² site about 300 m from Paje beach: furnished studios, one- and two-bedroom apartments and three-bedroom penthouses.
Shared pool, reception, restaurant, gym, co-working and tropical gardens, with solar energy and rainwater recycling. Homes come furnished with high-end appliances.
108residences
300 mto Paje beach
4residence types
$80,000from, VAT included
Images are architectural visualisations from the developer's brochure, not photos of the finished building. Prices and availability may change.
The development
Discover Vela Paje
Availability & prices
Choose your residence
Four residence types, furnished and equipped. Prices in USD include 15% VAT; facilitation and legal fees are a separate 5%.
Listing prices, subject to change and availability. Outdoor areas vary by unit. We accompany you to every viewing and show you the documents before any payment.
Amenities
Designed for island living
Planned mix: 29 studios, 44 one-bedroom, 12 two-bedroom, 17 two-bedroom garden residences with private pool and 6 penthouses.
24-hour securityReceptionRestaurantCo-workingGymCommunal poolTropical gardensOpen-air terraceParkingSolar panelsPower generatorRainwater recycling
Rental scenarios
Illustrative annual rental income
Developer simulation for each residence type at three occupancy levels. A professional resort management company handles marketing, reservations and guests.
| Residence | 50% | 65% | 85% | Net yield |
|---|---|---|---|---|
| Bahari studio ($80,000) | $10,629 | $13,899 | $18,320 | 13.3–22.9% |
| Upepo 1-bed ($135,000) | $17,798 | $23,293 | $30,720 | 13.2–22.8% |
| Anga 2-bed ($185,000) | $24,982 | $32,701 | $43,135 | 13.5–23.3% |
| Asili 3-bed ($419,000) | $57,068 | $74,729 | $98,603 | 13.6–23.5% |
Developer projections, not guaranteed returns. Assumptions: daily rates $125 / $210 / $295 / $675, 60/40 revenue split, service fees, 5% agency fees, 15% withholding tax for non-residents. Get independent legal, tax and financial advice.
Staged purchase
Payment plan
Estimated handover March–April 2027. The booking deposit varies by residence type and is deducted from the first instalment.
20%On signing (less booking deposit)
25%Footings completed
25%Structure, walls and roof completed
20%Finishes and fittings completed
10%Handover of the furnished unit
5% facilitation and legal fees are separate. Booking deposits are non-refundable. Payment stages, fees and contract terms must be confirmed with the developer.
Location
300 metres from Paje beach
About 1 km to Paje centre and 1.5 km to Shanga Restaurant. The airport is about 50 km away, roughly an hour by car.
Vela Paje Residences · Paje
Interested in Vela Paje?
Latest availability, floor plans and purchase details. We accompany you in person and show you every document before any payment.