Tulum's natural beauty has attracted foreign investors looking to buy apartments. However, several fraudulent cases have come to light. A recent report reveals numerous scams affecting American buyers who invested their savings or retirement funds into Tulum apartments, many of which are unbuilt. This situation is damaging Tulum’s reputation as a desirable real estate investment location.
In late 2023, Desarrollos Tulum Dieciseis began construction on Adamar, a project featuring 24 luxury apartments near the beach. Another project, Maiim, also started without the necessary permits. This 30-apartment project was halted by Profepa and was promoted by Promotora de Incentivos México, the same company that applied for environmental permits for the Nero project, which would consist of 45 units.
The report also revealed that Akela Development Group planned to develop six buildings with a total of 245 apartments in Tulum. Of these, only one building with 30 apartments was completed, and two others were partially finished, leaving buyers unable to recoup their investments. Furthermore, among the partners involved in the company, one was found dead, another committed suicide, and the third fled the country.
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