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Did you know that permanent residence in Panama through real estate investment is possible?

Executive Decree 722 of October 15, 2020, created a new category of permanent residence for economic reasons. Through this program, the applicant can become a permanent resident by making a qualified investment in Panama, including the following options:

- Real estate: Invest US$300,000 dollars (until October 2024), or US$500,000 dollars later, free of liens.
- Pre-sale real estate projects: sign a sales contract for the sum of US$500,000 or more, free of encumbrances.

ITHLUX and our team of professionals offer you several real estate projects that qualify for the program, in addition to providing you with the complete package to support you and your family in this process (legal, immigration, tax/accounting, insurance, among others). Ask us! Take advantage of this opportunity and book your visit now or ask for additional information!


Panama - bridge of the world and heart of the Universe. It transports you to incredible destinations: Las Perlas Archipelago, San Blas, Coiba Island, Piña Bay.

Emerging from the sea: Ocean Reef Marina & Yacht Club. In the center of the Americas, the most recent landmark of Latin America was born. An exclusive international destination for luxury yachts.

That place you imagine exists, facing the sea within the city. An exclusive style for you!

Ocean Reef Islands are the first human-made residential islands in Latin America. An exclusive community of 137 residential lots developed in Panama City, facing Punta Pacifica.


- Consists of two (2) islands
- Low-density lots facing the sea, for use by up to 6 families per lot and up to 6 levels (ground floor + five upper floors) and a semi-basement.
- Elaborated design guides, in conjunction with EDSA, govern all the properties of the islands that guarantee the language and eminence of the residences.


Nestled in a privileged location at Isla II of the exclusive Ocean Reef Islands lies Almar, a condo with 5 floors that has only 6 residential units, where residents can enjoy a beautiful ocean view, a perfect scenario for a yoga session, read a book or have a glass of wine while enjoying the sunset colors and ocean breeze.

Live your best life, the best of both worlds, a private beach enclave in the center of the city with a vibrant dynamic lifestyle just steps away from your own haven.


- Gardens and parks
- Swimming pools
- Tennis court, multi-purpose court, paddle tennis court, volleyball, squash court
- Restricted access 24 hours, supervised by a security team that guarantees security and privacy
- Heliport
- Yacht Club and Marina – About 200 berths for yachts up to 200+ feet
- Restaurant
- Bar-Lounge
- Roof Top Terrace
- Oceanfront decks
- Meditation and yoga area
- Cabanas
- Recreational areas for children
- Recreational activities for adults
- External kitchen and BBQ area
- Beach area
- Gym
- SPA and Massage
- Sauna
- Fishing


From USD$ 2,350,000.00

Take advantage of this opportunity and book your visit now or request additional information!

Why live or invest in Panama?

1 - Stable economy with the US dollar as currency. Second largest economy in Central America and the fastest growing economy. Second most competitive economy in Latin America according to the World Economic Forum's Global Competitiveness Index.

2 - Strategic geographical location, privileged and free of natural disasters, located on the isthmus that connects North and South America, bordering Costa Rica, Colombia, the Caribbean and the Pacific Ocean, with a tropical climate throughout the year.

3 - International banking and financial center: strong banking system - in the last 20 years, mergers, transformations and incorporations of new banks have regulated and resized the sector. Panama is today one of the most important financial centers in Latin America and the world.

4 - The territorial tax system that exempts from taxes the income obtained outside the country, constitutes the main attraction for companies and individuals from all over the world to find a tax solution in the country.

5 - Political and legal stability. Panama's legal system was developed to encourage, support and protect foreign investment. The Constitution of Panama and the Foreign Investment Law grant the same rights and guarantees to foreigners in matters of property, investment and trade.

6 - Excellent quality of life and safety. It is among the cities in the world with the highest quality of life, as well as being one of the five best places to retire in the world.

7 - Medical services with high technology and international prestige, world-class communications infrastructure and excellent private schools.

8 - Panama is the Logistics Hub for Latin America and the Caribbean, by air, land and sea - World-class logistics platform, operating directly with 152 ports and 54 countries, being the gateway to Latin America.

9 - More than 5% of world trade transits through the Panama Canal, with 160 client countries and 144 maritime routes, obtaining a great profitability and attracting investors from all over the world, particularly from the real estate sector. GDP is expected to grow by nearly 20% as the Panama Canal expands and the consequent increase in traffic and new flows of ore, gold and copper, driving growing demand for real estate.

10 - Tocumen International Airport: It is the largest and busiest airport in Central America, with flights to 89 destinations.

11 - Stable Real Estate Business - Investing in dollar-listed real estate remains a safe investment bet. The real estate industry offers a wide range of projects with a price/ quality ratio well above average and with great growth prospects.

12 - Panama has a diversified plan of special visas that allows tax exemptions for foreigners who reside or invest in the country, among which the Friendly Countries Visa stands out, with privileged conditions of access to Panamanian residence and citizenship: South Africa, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Slovakia, Spain, United States of America, Norway, New Zealand, Netherlands, Paraguay, Poland, Portugal, United Kingdom, Czech Republic, Serbia and Montenegro, Singapore, Sweden, Switzerland, Taiwan, Uruguay.

Property Features

  • Central Heating
  • Air conditioning
  • Under floor heating
  • Fireplace
  • Suites: 3
  • Social bathroom: 1
  • Playground: si
  • Gymnasium
  • Sauna
  • Indoor Garden
  • Indoor terrace
  • Terrace: si
  • Roof terrace: si
  • Garden: si
  • Balcony: si
  • Piscina: si
  • Tennis Court
  • Children's park
  • Garage box: si
  • Private condominium
  • Number of floors Building: 6
  • Total area: 407
  • Gross Dependent Area: 407
  • Rooms: 4
  • Storage: si
  • Double glasses
  • Security alarm
  • Security / Surveillance: si
  • Lift
  • Sea view
  • Unobscured view
  • City View
  • Walking distance to beach
  • Parking space: si
  • Parking off street: si


Distrito de Panamá - OCEAN REEF - ALMAR - Panama

Sale price 2 350 000 $

Currency converter

Ref: ITH1604

  • 4
  • 5
  • 407 m2
  • 407 m2
  • 407 m2
António Almeida

António Almeida

Mobile: +507 6030-9225

Email: antonio.almeida@ithlux.com

Know more
António Almeida

António Almeida

Mobile: +507 6030-9225

Email: antonio.almeida@ithlux.com

Know more


Ref: ITH1604

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