Cancun Highest Growth and Development Zones

Alambra Real Estate

05 Dec 2023

PLANNING PROCESS

The update of the PMDUBJ responds to international policies as is the case of the New Urban Agenda UN-HABITAT III, approved in October 2016, of which Mexico is part and has endorsed the commitment to transform cities making them more inclusive, compact and connected to each other; through planning and urban design, governance, legislation and urban economy, creating a link between urbanization and development. Based on the axes of UN-Habitat,the New Methodology for the Elaboration and Updating of Municipal Urban Development Programs, as well as the New General Law of Human Settlements,Territorial Planning and Urban Development, in which the principles of the right to the city, equity and inclusion, protection and progressiveness of public space, resilience, environmental sustainability and mobility, among others, stand out, the compact city model is proposed for the development of Benito Juárez.

This city model, unlike the expansive one, allows for lowerland consumption through the recovery and enhancement of green areas,medium-high density housing use in mixed-use buildings, allowing accessibility to employment, local economic development, public transportation and green areas, facilities and services, improving the quality of life, strengthening environmental commitment and maximizing infrastructure such as drinking water,sewage, public lighting, solid waste collection and security.

 

Inauguration of 1,500 million pesos worth of road worksin Cancún

These are the Luis Donaldo Colosio Boulevard and the Airport Distributor, which together generated more than 2,000 direct jobs and more than 8,600 indirect jobs. These works will benefit more than 20 million tourists and 1.3 million in habitants of the region.

The head of the SICT said that the rehabilitation of the Luis Donaldo Colosio Boulevard and the modernization of the Airport Distributor were inaugurated two months ahead of schedule, thanks to the hard work of the team and the commitment of the construction companies.

"Particularly the municipalities of Benito Juarez,Solidaridad, Puerto Morelos, Isla Mujeres and Tulum, as well as more than 20 million tourists who visit Cancun every year. The two new roads translate intoless travel time and logistical costs, which boosts the local economy and promotes tourism development," highlighted the head of the SICT.

With these works, the objective of expanding, maintaining and building modern land and air connectivity routes that provide access to goods and services to the entire population, and contribute to the country's development, is fulfilled.

 

Three additional works are the Vehicular Bridge over the Nichupté Lagoon,

This project is part of the "Strategic Plan for Sustainable Development Cancun 2030", and consists of the construction of a vehicular bridge, with a total length of 8.80km across the Nichupté Lagoon System. Its objective is to create a new road connection from the Monumento Antigua Torre de Control traffic circle (Kabal road distributor) where Bonampak, Kabah and Tulum Avenues converge, which connects with Luis Donaldo Colosio Avenue, continuing through the Nichupté Lagoon System.

The construction of the Nichupté Bridge seeks to connect the Hotel Zone to the Plaza Kukulkán area, but freeing the entire protected natural area of the Nichupté Mangroves.

This project is part of the United Nations Human Settlements Program (UN-Habitat), which provides technical assistance to promote the generation of quality public spaces as structurers of urban and social development in the Municipality of Benito Juárez.

 

Chac Mool Road

It will be a 4.2 km roadway that will connect Huayacán Avenue with the new Colosio Boulevard, two of the most important roads in the city.

The new Chac Mool Avenue will have four asphalt concrete lanes, two in each direction of 3.5 meters each, with a central median,drainage works, exterior and interior shoulders, sidewalks and signage.

A little more than 255 million pesos will be invested to improve traffic flow and cut travel times for the benefit of the people.

 

 

And the Cancun Airport-Mayan Train Station connection.

The transportation will be a minibus that will use the internal roads of the airport, going around the perimeter of the terminal in acircuit of "no more than 20 minutes" to reach the railway terminal,currently under construction.

Among the characteristics of the minibus, it is mentioned that it will reduce green house gas emissions, will have a maximum capacity of 24 passengers and will run at an average speed of 30 kilometers per hour.

Thousands of tourists arriving at the Mexican Caribbean Air Terminal will be able to transfer without any problem to the Tren Maya station,which will allow them to continue on their way to other points in southern Mexico, thus benefiting them while continuing to generate more employment in the identity.

 

Cancun Real Estate Growth

Areas such as Puerto Cancun and the surroundings of Huayacan Avenue are experiencing a period of growth in residential development, after becoming one of the most exclusive areas in the Mexican Caribbean, preferred by foreigners, as well as being defined by its high profile clients.

Puerto Cancun, a crucial player

The relocation boom has driven a growing demand for real estate with innovative projects that contribute to the sustainable development of the region, which responds to the expectations of companies about environmental responsibility, so that, in the last 5 years, investors experienced an increase in the capital gain of more than 50%, which continues to increase.

All these factors make Puerto Cancun a place where companies looking to take advantage of the opportunities Mexico has to offer can develop their businesses. Therefore,investing in real estate in this area is a decision that will generate financial returns thanks to the constant expansion of Quintana Roo.

It has invested in first class infrastructure, which makes it highly attractive for companies looking to establish their operations in the country. From modern sea ports to well-maintained highways, Puerto Cancun has the diverse options necessary to support the flow of goods and services.

 

Real estate investments in Avenida Huayacán continue and 40 developments are currently under construction, with close to 70 homeseach, of the residential and residential plus type.

Patricia Mora Vallejo, president of the Mexican Association of Real Estate Professionals (AMPI), explained that this is the fastest growing area and also attracts buyers with high purchasing power.

It has a higher growth rate of more than 30% and continues to be a place where people are looking to invest, with an increase in requests to obtain a construction license, in order to have more options," she explained.

Of this total of developments, investments are also being made in the area of commercial premises, which represent between 20 and 30%.

In this area, homes can reach prices of over two million pesos. This sector continues to generate an economic bonanza for the entire state, estimated in at least 7.5 billion pesos for this year.

 

According to the 2Q'19 Cancun Housing Report, conducted by Uno Consulting, a firm specialized in the real estate sector; Cancun offers two main products, the first one, focused on the labor segment, which has become the most solid offer composed by the social, economic, medium and residential levels.

The second product is luxury plus/premium residential, whose main area of development is Puerto Cancun and some in the traditional hotel zone. The demarcation with the most active projects is the southeast area of the city.

If you want to know more about our developments and projects in Cancun do not hesitate to contact us!

More Blogs