RED Development | Alfama

The Red Project is a premium development located in the heart of Alfama, one of Lisbon’s most authentic and frequently visited neighbourhoods. Set within one of the city’s highest-demand tourist areas, the building has undergone a full refurbishment that preserves the historic charm of its façade while introducing completely renovated, functional, and contemporary interiors.

The project comprises six refurbished apartments, offered in T1, T1+1, and T2 typologies, providing a balanced mix of compact and versatile layouts.

Designed as a yield-driven investment product, Red caters to investors seeking a turnkey asset with high occupancy potential and attractive returns in a tourism market that continues to expand. Its prime location—just steps from iconic landmarks such as Miradouro de Santa Luzia, Castelo de São Jorge, the Fado Museum, and the National Pantheon—ensures strong year-round demand.

With a total of six residential units, the building stands as a solid opportunity in one of Lisbon’s most dynamic markets. Blending Alfama’s cultural identity, its distinctive atmosphere, and consistent tourist flow, the Red Project positions itself as a secure and compelling investment aligned with the growing demand for modern accommodation in Lisbon’s historic quarters.

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