New Building in Panama City Delivering Next Month: Dovle Selva Tour
Dovle Selva is a spectacular 13-story apartment tower offering panoramic views of the sea and Panama City. Aspiring to be the ...
New Building in Panama City Delivering Next Month: Dovle Selva Tour
If you want a brand-new Panama condo that you can move into within weeks -- not years -- Dovle Selva in Coco Del Mare is delivering this August. Located in one of Panama City's most vibrant neighborhoods, this 13-story tower offers both long-term living and a legally registered short-term rental (Airbnb) section, with prices starting at $270,000 fully furnished.
Where is Dovle Selva? Prime Coco Del Mare Location
Coco Del Mare is a lively area in Panama City packed with restaurants, cafes, and bars. The building sits just a 15-minute walk from Park Aomar, the largest and most beautiful park in the city. This green oasis has tennis courts, a bike park, kids areas, and jogging trails. Residents can enjoy a vibrant urban lifestyle while having nature right at their doorstep. According to Numbeo, the cost of living in Panama City is roughly 30% lower than in major U.S. cities like Miami, making it attractive for both investors and expats.
15-minute walk to Park Aomar, the largest park in Panama City
Source: DoPanama video transcript (Austin Hess)
Design Philosophy: More Selva, Less City
The developer behind Dovle Selva focuses on creative design, bold color schemes, and high quality. As Austin Hess, COO of DoPanama, explains, the project delivers 'more selva (jungle) less city' with over 400 square meters of integrated nature. Amenities include a panoramic rooftop pool, a meditation room with sand and lighting, a co-working garden with private 'pods' for Zoom calls, a large L-shaped gym, a demo kitchen for events, and barbecue spaces. The developer chose to make fewer amenities but larger and more functional, prioritizing what residents actually use.
Over 400 square meters of integrated jungle/nature within the building
Source: Melissa, investment advisor for Dovle Selva (in video)
Sizes, Layouts, and Pricing
Units start at 55 square meters (about 592 sq ft) with 2 bedrooms and 2 bathrooms, and go up to 70 square meters (753 sq ft), also 2BR/2BA. All units come with one parking space and have double-height ceilings. Prices range from $270,000 (fully furnished turnkey) to $330,000. Unfurnished options are also available. The building has two separate entrances: one for long-term residents and one for the short-term rental (Airbnb) section, which includes a full property management service for investors.
Starting price: $270,000 fully furnished for a 2BR/2BA unit
Source: Melissa, investment advisor for Dovle Selva (video transcript)
Legal Airbnb and Investment Opportunity
Panama is tightening its short-term rental regulations. Many current Airbnb listings may be removed as enforcement increases. Dovle Selva is one of the few buildings with a legal Airbnb license registered with the Panama Tourism Authority (ATP). This means investors can legally rent their units short-term with high ROI potential. The building also offers property management for the Airbnb section, handling bookings, cleaning, and maintenance. Austin Hess notes that the Qualified Investor Visa (Red Carpet) currently requires a $300,000 real estate investment, but this threshold is under review and could rise to $500,000 in October of this year. Timing is critical for those seeking residency.
Qualified Investor Visa threshold currently $300,000; under review to increase to $500,000
Source: Austin Hess, COO of DoPanama, in video
Dovle Selva delivers a rare combination: immediate occupancy in a brand-new building, a prime Panama City location, and the ability to legally operate short-term rentals. Whether you are an investor seeking high ROI or an expat looking for a turnkey home, this project offers a compelling opportunity. To get detailed pricing, floor plans, and assistance with your relocation or visa process, contact the DoPanama team. They are licensed and bonded, with offices in the Waldorf Astoria Hotel and Hilton Panama, ready to help you every step of the way.
Expert Insights
“We call it more selva less city. We have more than 400 m of jungle of nature. And that's what we wanted, you know, to combine technology, nature, functionality on one place.”
— Melissa, Investment Advisor for Dovle Selva
“Right now with the qualified red carpet visa, you know, that threshold is set at 300,000. However, it's going under review in October this year to see if it will go up to the original amount that it was set to be at, which is 500,000.”
— Austin Hess, COO of DoPanama
“We have focused on the amenities we know our clients use the most. So we haven't put many on the same floor. No, no, no. What we have done is make them bigger, the ones that we like the most.”
— Melissa, Investment Advisor for Dovle Selva
Frequently Asked Questions
Is Dovle Selva a good investment property in Panama City?
Yes, because it has a legal Airbnb permit registered with the Panama Tourism Authority. As Panama tightens short-term rental laws, many illegal listings will be removed. Dovle Selva's separate entrance for short-term rentals and property management service makes it a high-ROI option for investors.
What is the price of a 2-bedroom condo at Dovle Selva?
Prices start at $270,000 fully furnished for a 55 sq. m. 2BR/2BA unit and go up to $330,000 for a 70 sq. m. 2BR/2BA unit. Unfurnished options are also available. Every unit includes one parking space and double-height ceilings.
Can I get residency in Panama by buying property at Dovle Selva?
Yes. The Qualified Investor Visa (Red Carpet) requires a $300,000 real estate investment. Units at Dovle Selva from $270k to $330k can qualify if you purchase a unit that meets the threshold (e.g., the larger units at $330k or combined with other qualifying assets). Note that the threshold may increase to $500,000 after October of this year.
When will Dovle Selva be delivered?
Delivery is scheduled for August of this year. The building is currently nearing completion, and keys will be handed over to buyers very soon. This makes it one of the few brand-new projects available for immediate move-in.
What amenities does Dovle Selva offer?
Amenities include a panoramic rooftop pool, a meditation room, a co-working garden with private pods, a large L-shaped gym with high-end machines, a demo kitchen, barbecue areas, and a den for social gatherings. The building also has a coffee shop on the ground floor.
Where is Coco Del Mare in Panama City?
Coco Del Mare is a vibrant neighborhood in Panama City near the coast. It is known for its many restaurants, cafes, and bars. It is a 15-minute walk from Park Aomar, the city's largest park, and a short drive to financial centers and shopping.
Key Statistics
Cost of living in Panama City is 30% lower than in Miami, USA
Source: Numbeo (2024)
Qualified Investor (Red Carpet) Visa requires a $300,000 real estate investment (current as of 2024)
Source: Panama Ministry of Foreign Affairs / Immigration (2024)
Dovle Selva offers 2BR/2BA units from 55 sq. m. (592 sq. ft.) to 70 sq. m. (753 sq. ft.) with prices from $270,000 to $330,000
Source: DoPanama video transcript (2024)
Panama has over 140 affiliate real estate agents nationwide through DoPanama's network
Source: DoPanama website / video transcript (2024)
Park Aomar is the largest park in Panama City, offering tennis courts, bike park, and playgrounds
Source: DoPanama video transcript (Austin Hess) (2024)
Locations Mentioned
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