New 'Jardim de Ourique' Development in Lisbon Offers Luxury Living from €716,000

In a notable move for Lisbon's high-end residential market, a new luxury condominium named Jardim de Ourique has been launched in the prestigious Campo de Ourique neighborhood. The project, developed to offer a 'garden refuge' in the city center, features 10 exclusive apartments with prices ranging from €716,000 to €979,000. With 50% of its units already sold off-plan, the development demonstrates the robust demand from discerning buyers for premium, well-located real estate in the Portuguese capital.

Jardim de Ourique is strategically situated on an elevated point of the neighborhood, affording it sweeping, unobstructed views across the city, including the verdant expanses of the Alcântara valley and Monsanto Park. This unique positioning combines the tranquility of a green oasis with the vibrancy of one of Lisbon's most beloved districts. Campo de Ourique is renowned for its family-friendly atmosphere, traditional street commerce, and proximity to key city landmarks such as the Liceu Francês, the bustling Mercado de Campo de Ourique, and the Amoreiras shopping district. This blend of lifestyle and convenience makes it a magnet for both affluent Portuguese families and international investors. For a deeper dive into what makes this and other areas attractive, our comprehensive Lisbon neighborhoods guide provides essential context for potential buyers.

The development itself is designed to a high specification, with apartment areas ranging from 104 to 130 square meters, and all units boasting significant private outdoor spaces of up to 92 square meters. Beyond the apartments, residents will have exclusive access to a fully equipped gym, a modern coworking area, and private parking—amenities that are increasingly non-negotiable for today's premium buyer.

Market Implications for Investors

The successful launch of Jardim de Ourique sends a clear signal about the resilience and direction of Lisbon's residential market. The pricing strategy, starting at over €6,800 per square meter, and the swift uptake of half the units, confirm that there is a strong market appetite for high-quality, well-differentiated products in prime, consolidated neighborhoods. For foreign investors, this project serves as a case study in what the market currently values: central location, quality design, and, crucially, access to private green space and lifestyle amenities. This trend suggests that developments offering a superior quality of life, not just a place to live, will command premium prices and achieve faster sales velocity.

Furthermore, the project's success reinforces Campo de Ourique's status as a top-tier residential submarket within Lisbon. It is an area characterized by stable, long-term value appreciation, making it a lower-risk investment compared to more speculative, up-and-coming districts. The consistent demand here provides a defensive moat for capital, appealing to investors with a long-term hold strategy.

Dils's Market Position

The commercialization of Jardim de Ourique is being handled by Dils, a real estate consultancy with a growing footprint in Portugal. The commentary from Pedro Barreto, Head of Residential Development at Dils Portugal, provides valuable insight. "We don't have many projects that combine these large green condominium spaces in such a central location," he noted, emphasizing the project's unique selling proposition. This statement underscores a key market reality: the scarcity of new-build projects with significant green amenities in central Lisbon. This scarcity is a powerful value driver, and Dils's role in bringing such a project to market positions them as a key player in the premium segment.

Lisbon New Development Market Context

The Jardim de Ourique project enters a market shaped by several powerful macro trends. Lisbon continues to solidify its reputation as a top European destination for tourism, business, and relocation, which in turn fuels housing demand across all segments.

Several factors continue to influence the new development market:

• Flight to Quality: In an uncertain economic climate, buyers and investors are increasingly prioritizing high-quality, well-located assets with strong lifestyle components.
• Urban Green Space Premium: The pandemic has amplified the desire for homes with access to private outdoor space, a feature Jardim de Ourique delivers in abundance.
• Supply Constraints: The difficulty and cost of obtaining building permits and constructing new projects in historic Lisbon neighborhoods naturally limit supply, which supports property values.
• International Demand: Portugal, and Lisbon in particular, remains highly attractive to international buyers, including those seeking Golden Visas or benefiting from the NHR tax regime, who often target the premium market segment.

These dynamics create a favorable environment for developments that can successfully navigate the city's planning complexities to deliver a product that meets the market's evolving expectations. Exploring off-plan properties in Campo de Ourique is a strategic way to engage with this high-demand segment.

Investment Considerations

For a foreign investor, Jardim de Ourique represents more than just a property purchase; it is an entry into one of Lisbon's most stable and desirable residential markets. The project's characteristics—modern design, premium amenities, and a rare, large private garden—position it for strong long-term capital appreciation and robust rental demand from high-income tenants. The pricing, while premium, is reflective of the quality and scarcity of the offering. An investment here is a play on the continued growth of Lisbon as a premier European capital and the enduring appeal of the Campo de Ourique lifestyle.

Potential buyers should conduct thorough due diligence, particularly regarding the off-plan purchasing process. Engaging with professionals, such as real estate agents specializing in investment properties, is crucial to navigate the transaction smoothly and understand the full market potential. The project's limited number of units also suggests that opportunities to buy in will be fleeting, requiring decisive action from interested parties.

Looking Ahead

The strong market response to Jardim de Ourique is a positive bellwether for Lisbon's premium residential sector. It confirms that demand for thoughtfully designed, high-quality homes in prime locations remains unshaken. As the city continues to evolve, projects that prioritize quality of life, community, and a connection to nature within an urban context will likely define the next wave of successful real estate development.

The fundamental strengths of the Lisbon market—its vibrant culture, favorable climate, and growing economy—remain firmly in place, supporting a positive long-term outlook for property investment. For expert guidance on identifying and securing prime real estate opportunities in Lisbon, contact realestate-lisbon.com.