




Xexen & Xakah is a 26-unit boutique condominium project in La Veleta, Tulum, offered at an entry price of $2,924 USD/m². The asset is positioned as a wellness-oriented, amenity-rich development with a private pool in every unit, an infinity pool, yoga area, sky bar, and a waterfall feature. The developer, Grupo Libera, is a Yucatán-based firm with a stated focus on sustainability and social responsibility, holding the ESR distinction and reporting a completed project, Tótem Beach Club. However, the listing type is unverified, and no official source confirms the project's construction status, delivery date, or sales velocity. This lack of evidence is a due-diligence gap, not a negative signal, but it prevents a definitive investment rating.
The La Veleta submarket is in a correction phase, with city research indicating a 15-20% price drop in 2025-2026 due to condo oversupply and a 35-45% decline in new-build sales since 2023. This creates a buyer-favorable environment for well-priced, compliant projects, but also means that rental demand and exit liquidity are uncertain. The project's free vacation rental management and wellness amenities align with Tulum's evolving buyer preferences for high-quality, managed vacation rentals, but this is a positioning hypothesis, not a guaranteed income stream. Matched resale comparables are needed to assess the asking price; no relative-value conclusion is made. The investment thesis is conditional on verifying the project's legal status, developer track record, and realistic rental performance.
Return underwriting requires verified rent, occupancy, and operating costs; no numeric return is established.
Listing type is unverified. The project is described as a development with 26 units across two 4-level buildings, but construction status, delivery date, and sales velocity are not confirmed. This is a due-diligence gap; we do not assume resale or presale risk without evidence.
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