Avenidas Novas, one of the most prestigious areas in Lisbon, is witnessing the construction of yet another luxury development. The Savoy Residence | D’Ávila features 11 storeys, 59 apartments ranging from studios to three-bedroom units, and five commercial spaces.
With high-quality finishes and luxurious amenities, this residential building represents an investment of over €50 million and is set for completion in the first quarter of 2026. Now on the market, apartments at the Savoy Residence | D’Ávila are available at prices ranging from €400,000 to €3,600,000.
Sophistication and quality
In this new development, materials have been meticulously chosen to ensure the highest standards of luxury, comfort, and privacy, offering a hotel-inspired lifestyle through access to a range of facilities and services from the Savoy Signature hotel collection.
All bedrooms are en-suite, some apartments feature private pools and spacious terraces, and each apartment includes one parking space per bedroom, mostly within private garages.
Noteworthy luxury amenities include an exclusive rooftop with a gym, sauna, swimming pool, and breathtaking views over Lisbon and the River Tagus. The reception at Savoy Residence | D’Ávila, with its double-height ceiling, offers a 24-hour concierge service and security.
An eco-friendly development
Environmental sustainability has been a key consideration in this project. Solar panels, double-glazed windows, and heat pumps ensure energy efficiency while maximising natural light. Additionally, the building’s acoustic insulation and thermal break system will provide the utmost comfort for future residents.
The parking infrastructure also reflects a commitment to sustainability, offering 124 spaces equipped for independent electric vehicle charging.
The expansion of Savoy Residences from Madeira to the mainland
With the launch of this project in Lisbon, AFA Real Estate proudly announces the expansion of the Savoy Residence brand to mainland Portugal. This marks a significant milestone for a brand that originated on the island of Madeira and already boasts three projects in Funchal.
"Expanding our operations to mainland Portugal is a crucial step for AFA Real Estate. With this investment exceeding €50 million, we are introducing our luxury real estate concept – Savoy Residence – to Lisbon, characterised by a highly distinctive offering and superior construction quality. Backed by the expertise of Grupo AFA, a market leader with 43 years of experience in construction, the project is already underway and on the market, with completion scheduled for 2026," said Victor de Sousa, General Manager of AFA Real Estate, in a statement.
This new development, located in the heart of Lisbon, was designed by architect Frederico Valsassina and stands out for its iconic architecture, featuring clean lines and sharp angles.
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