A striking new development is reshaping the skyline of Praia da Rocha, Portimão. Ribamar, a 17-storey residential building with 116 apartments, has quickly become a sales success, having sold over 40 units since its launch in July, surpassing €18 million in total sales.
Situated just 200 metres from the sea, Ribamar offers a range of apartment types from one- to four-bedroom units, including a luxurious penthouse. All apartments feature generous balconies of up to 60 m², while the building’s communal amenities include a swimming pool, gym, social club, children’s area, and coworking space – catering perfectly to modern coastal living.
The project is a collaboration between AEDAS Homes and LandCo, with LandCo owning the prime plot where Ribamar is being built.
José Ignacio Fernández, head of AEDAS Homes in Portugal, highlights the strong local interest: “More than 80% of sales are to buyers living in Portugal, demonstrating the national market’s confidence in this unique project. The remaining buyers are international clients and investors recognising Ribamar as an exceptional opportunity in the Algarve.”
He adds: “Ribamar is not just a new development; it’s a symbol of the quality of life and confidence we aim to bring to Portugal.”
To showcase the project, AEDAS Homes and LandCo recently opened a sales office on Rua dos Três Castelos, just steps from the future development. Open Monday to Saturday, visitors can explore a scale model of the building and tour a fully furnished show apartment.
Ribamar is now listed on idealista, making it easy for international buyers to secure a prime property in one of the Algarve’s most sought-after coastal locations.
