Latest Construction Update from The Village
The construction team is carrying out masonry work on the exterior of the building.
Deliveries in your building in The Village, Tower 5, are expected to begin in Q2, 2025. Your Smart Money Homes representative will be in touch with you in the new year to talk you through the next steps.
These will include:
- Arranging an inspection of the condo to check everything is completed to the standard promised in your purchase agreement (if you can’t get to Corasol in person, we can provide you with a list of vendors, who can do this on your behalf).
- Getting the paperwork needed to close (your attorney can guide you through this process)
- Finalizing payment for your condo
The main structure of Tower 5 is now 100% complete.
The construction team has now completed work on the main structure of your building in The Village.
The next steps will be to begin work on the masonry and exterior finishes. Later on, work will begin on installing windows, doors and cabinetry, laying floor tiles and fitting appliances.
Corasol is one-of-a-kind…a reserve of nearly 500 acres on the edge of Playa del Carmen. The community boasts stunning amenities including a spectacular 18-hole Nick Price golf course, excellent dining options, and access to probably the best beach in Playa.
Beachfront homes here list for well over $1 million
RETA members like you had the chance to own two-bed condos in The Village at Corasol from $268,400.
Today, that looks like an amazing deal.
The developer recently sent me the latest prices for condos like yours in Tower 5. The same condos RETA members like you could buy from $268,400 now start at $356,029— an uplift of $87,629.
More premium and bigger condos have appreciated by even more.
Condos available to RETA members from $398,600 are now listed from $544,608 …an uplift of $146,008.
The Future for the Riviera Maya is Bright
The Riviera Maya has chalked up some significant development and infrastructural milestones and more are coming…
It’s been an incredible year for the Riviera Maya.
Tulum International Airport, which cost an estimated $1 billion, opened in late 2023 and its first year in operation has been a huge success. In November, the airport celebrated its one-millionth passenger arrival. By the end of 2024, it is expected to have served 1.3 million passengers.
That’s nearly double the airport’s original estimate of 700,000—a figure it reached way back in August.
The Maya Train, which cost around $30 billion has also been running successfully for over year, connecting the Rivera Maya with the rest of Mexico. As well as helping tourists explore the region, the Maya Train has a cargo service transporting agricultural products, construction materials, and fuels, as well as imports and exports.
As these two milestones show, the Riviera Maya is maturing fast. With the speed of change here it can be easy to forget we’re still early on in the Riviera Maya’s development.
The region is being positioned for long-term growth, as these huge government-funded projects demonstrate.
The private sector is also bullish on the long-term prospects for the Riviera Maya…
In October, Royal Caribbean revealed it will invest $600 million to redesign the Costa Maya cruise ship port dock near the formerly sleepy fishing village of Mahahual. The Costa Maya was second only to Cozumel in the number of cruise ship tourists in Mexico during the first quarter of 2024.
The new port will bring more tourists, jobs, and money into the region.
Another giant investing in the Riviera Maya is the developer Grupo Xcaret. They already own theme parks as well as the Hotel Xcaret, right here in Playa del Carmen.
And they’re continuing to invest heavily.
Tourism Minister Josefina Rodríguez Zamora said the Grupo Xcaret investment—which he described as the largest ever in the sector—reflects confidence in the federal government, and especially in the state of Quintana Roo.
Xcaret has three hotels in the Riviera Maya, Hotel Xcaret Mexico, Hotel Xcaret Arte, and La Casa De La Playa.
They’re aimed squarely at the luxury market. The average nightly rate as I write for each hotel is around $1,225, $1,270, and $2,185.
The ongoing investment by major corporations shows they can see the region’s potential.
Exciting times.
New Luxury Hotel and Residences Coming to Riviera Maya
Stunning beaches are a big reason hospitality giants are bullish on the Riviera Maya.
Xcaret aren’t the only hospitality giant scrambling to position themselves in the Riviera Maya.
As you may know, there are some very strong hospitality groups who have invested (and continue to invest) in the Riviera Maya. These include…
- Marriott (Market cap: $70 billion)
- Hyatt (Market cap: $15 billion)
- Grupo Vidanta (Private, estimated value of $5 billion
- Accor (Market cap: $9 billion)
In the last six months we’ve seen Ritz-Carlton Residences announce a new $400 million dollar residences and resort in the Riviera Maya.
And in October 2024, the Mandarin Oriental Hotel Group announced plans to manage a beachfront resort with branded residences on Mexico’s Riviera Maya. The resort is expected to open in 2028.
The beachfront resort is part of Kanai, a 680-acre master planned gated community with several other luxury hotels.
Mandarin Oriental Kanai, Riviera Maya will have 120 guestrooms and suites with private pools, a kid’s club and a comprehensive wellness-focused Spa at Mandarin Oriental. Fifty branded residences, with access to a private resident-only beach club, will also be part of the overall offering as well as a range of international dining options.
Virgin Airlines Returns to Cancun
Virgin Airlines is returning to Mexico with new flights to the Riviera Maya
The Riviera Maya will benefit from direct flights from the U.K., with Virgin Atlantic returning to Cancun International Airport.
Virgin will launch three weekly direct flights between London Heathrow and Cancun on October 19, 2025.
This will be the only direct route from London Heathrow to Cancun and will provide connections with Aeromexico and LATAM airlines across Central and South America.
New flights to the Riviera Maya from Europe are always good news for the region. Traditionally, most of the visitors arrive here from the Americas. Virgin relaunching flights from London is a clear indication of demand from Europe.
This is all very bullish for owners like yourself who bought ahead of these developments. Why? Because Playa del Carmen is at the heart of the Riviera Maya. It’s a true business, residential, tourism and recreational hub of the region. Good news for the Riviera Maya is good news for Playa del Carmen.
And Corasol, as Playa del Carmen’s best in class residential and tourism community, will do even better.
That’s all for me from now. I’ll write again in the New Year with another update and more information on the delivery process for your condo in The Village.
And remember, the Smart Money Homes Team and I are here to help with any questions or concerns you may have regarding your condo.
Contact us at info@smartmoneyhomes.com. If we don’t know the answer ourselves, we’ll get it from the developer.
Viviana Diaz
Chief Real Estate Advisor with Smart Money Homes
