IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.13▼ 0.12% USD/MXN17.51▼ 0.14% USD/CLP932.70▲ 0.85% USD/COP3,247▼ 0.49% USD/PEN3.40▼ 0.23% USD/ARS1,482▼ 0.07% USD/UYU 40.22 — 0.00% USD/PYG6,045▲ 1.22% USD/BOB10.35▲ 6.04% USD/DOP58.37▲ 0.49% USD/CRC448.53▲ 1.22% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.41% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.70% USD/TTD6.74▲ 1.05% EUR/BRL5.85▲ 0.47% BRENT 86.85 ▲ 4.26% WTI 80.64 ▲ 3.20% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.29% GOLD 4,023 ▲ 0.65% SILVER 58.32 ▲ 1.19% SOY 1,192 ▼ 0.85% CORN 459.75 ▲ 5.03% WHEAT 637.00 ▲ 1.59% COFFEE 313.70 ▼ 8.11% SUGAR 14.81 ▲ 0.41% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.66 ▲ 2.29% COCOA 5,913 ▲ 3.81% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,474 ▲ 0.38% ETH 1,782 ▲ 0.47% SOL 74.85 ▼ 0.02% XRP 1.07 ▲ 0.15% BNB 569.10 ▲ 0.44% ADA 0.16 ▲ 0.62% DOGE 0.07 ▲ 0.24% AVAX 6.46 ▲ 0.25% LINK 7.91 ▲ 0.46% DOT 0.84 ▲ 0.89% LTC 43.56 ▲ 0.16% BCH 235.80 ▼ 0.18% TRX 0.32 ▲ 0.16% XLM 0.18 ▼ 1.54% HBAR 0.07 ▼ 1.21% NEAR 1.98 ▲ 3.14% ATOM 1.52 ▼ 1.11% AAVE 96.00 ▲ 1.74% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,416 ▼ 0.37% USD/ZAR16.48▲ 0.06% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,053 ▼ 0.65% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.22▼ 0.14% USD/CNY6.78▼ 0.04% DAX 24,994 ▼ 0.48% CAC 8,303 ▼ 0.74% FTSE 10,448 ▼ 0.48% MIB 52,514 ▼ 0.56% IBEX 19,166 ▼ 0.88% STOXX 637.30 ▼ 0.58% EUR/USD1.14▲ 0.16% GBP/USD1.34▼ 0.07% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.26 ▲ 0.58% USD/CAD1.41▼ 0.49% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.13 ▼ 0.12% USD/MXN 17.51 ▼ 0.14% USD/CLP 932.70 ▲ 0.85% USD/COP 3,247 ▼ 0.49% USD/PEN 3.40 ▼ 0.23% USD/ARS 1,482 ▼ 0.07% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▲ 1.22% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.37 ▲ 0.49% USD/CRC 448.53 ▲ 1.22% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.41% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.70% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.85 ▲ 0.47% BRENT 86.85 ▲ 4.26% WTI 80.64 ▲ 3.20% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.29% GOLD 4,023 ▲ 0.65% SILVER 58.32 ▲ 1.19% SOY 1,192 ▼ 0.85% CORN 459.75 ▲ 5.03% WHEAT 637.00 ▲ 1.59% COFFEE 313.70 ▼ 8.11% SUGAR 14.81 ▲ 0.41% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.66 ▲ 2.29% COCOA 5,913 ▲ 3.81% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,474 ▲ 0.38% ETH 1,782 ▲ 0.47% SOL 74.85 ▼ 0.02% XRP 1.07 ▲ 0.15% BNB 569.10 ▲ 0.44% ADA 0.16 ▲ 0.62% DOGE 0.07 ▲ 0.24% AVAX 6.46 ▲ 0.25% LINK 7.91 ▲ 0.46% DOT 0.84 ▲ 0.89% LTC 43.56 ▲ 0.16% BCH 235.80 ▼ 0.18% TRX 0.32 ▲ 0.16% XLM 0.18 ▼ 1.54% HBAR 0.07 ▼ 1.21% NEAR 1.98 ▲ 3.14% ATOM 1.52 ▼ 1.11% AAVE 96.00 ▲ 1.74% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,416 ▼ 0.37% USD/ZAR 16.47 ▲ 0.10% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,053 ▼ 0.65% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.21 ▼ 0.14% USD/CNY 6.7775 ▲ 0.10% DAX 24,994 ▼ 0.48% CAC 8,303 ▼ 0.74% FTSE 10,448 ▼ 0.48% MIB 52,514 ▼ 0.56% IBEX 19,166 ▼ 0.88% STOXX 637.30 ▼ 0.58% EUR/USD 1.1403 ▲ 0.14% GBP/USD 1.3379 ▲ 0.22% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.26 ▲ 0.58% USD/CAD 1.4086 ▼ 0.47% US10Y 4.6090 ▲ 0.88%
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Life & Society Real Estate

Urca: Under Sugarloaf

By · February 8, 2011 · 3 min read

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By Sanhita Reddy, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Visions of university students playing football (soccer) along Praia Vermelha, and old men fishing along the rocks leading to the Atlantic Ocean are common in Urca. With sweeping views of Guanabara Bay and set along the backdrop of the Pão de Açúcar (Sugarloaf), it’s hard not to fall in love with this small neighborhood nestled on the peninsula between Leme and Botafogo.

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A quiet beach under Sugarloaf in Rio's elite Urca
A quiet beach under Sugarloaf in Rio's elite Urca, photo by Sanhita Reddy.
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Arguably the safest neighborhood in Rio de Janeiro (due to the presence of a military base and lack of favelas in the bairro), Urca has plenty to offer its residents.

The neighborhood has three beaches (Praia da Fora, Praia Vermelha, and Praia de Urca), hundreds of rock climbing routes, and plenty of hiking trails—including one leading to Morro da Urca and one to Leme.

In the morning and during the day, residents can rent canoes and kayaks to row along the bay, take bike rides along the path to Aterro do Flamengo, or walk with their kids to the local park. In the afternoon and at night, families gather at restaurants and chopperias, rock-climbers grab a ride down on the cable car from Morro da Urca (free one-way after 7 PM), and military students play football in the courts near the Circulo Militar.

There is always a steady flux of tourists and residents from other parts of Rio de Janeiro, making their way to the Zozô bar to listen to bossa nova, going sailing to see the views of Zona Sul (South zone), or visiting the Museum of Earth Sciences (Museu de Ciência da Terra) and Museum of the Military Fort (Museu do Forte).

During the school year, it’s common to see university students out on the streets, or walking to Rio Sul Shopping Center, a quick walk from nearly anywhere in Urca. The campuses of the State University of Rio de Janeiro (UNIRIO), the Federal University of Rio de Janeiro (UFRJ), the Engineering Military Institute (IME), the General Staff Army Command School (ECEME) and the War Navy School (EGN) are located in the area. Urca is also home to the Benjamim Constant Institute for the visually impaired.

Residential neighborhood street in Urca
Residential neighborhood street in Urca, photo by Sanhita Reddy.

The neighborhood today is mostly residential, with Art-Deco inspired houses, row homes, and some military accommodations. Many of the residents live in the homes their families bought when the area was initially developed. Urca has been home to some famous residents, most notably singer Roberto Carlos and in the 1930’s, Carmen Miranda. A plaque now exists next to the home where she lived.

Real estate in the area is somewhat insulated from the boom in other areas of Zona Sul, namely Copacabana, Ipanema and Leblon, although this may be due to a generally lower turnover rate. Even slightly removed from the action, there has been an increase since 2009, when a one bedroom apartment started from around R$350,000.

A recent search to buy a home in Urca found that a one-bedroom, one-bathroom apartment now averages around R$400,000 to 450,000. A two-bedroom, one-bathroom apartment starts from R$600,000, with prices shooting up to R$1,500,000 for a three-bedroom, two-bathroom. Options are fewer for those looking to rent in Urca. A one-bedroom, one-bathroom starts from R$2,000 (excluding condominium fees, if applicable), while a two-bedroom, one-bathroom runs around R$4,000 per month.

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