Initiatives such as ‘eco-towns’ are part of the strategy to experiment with ways to reduce negative environmental and social impacts of urban settlements while enhancing the resident’s perceived Quality of Life (QOL). Due to the relatively short history of such experimental developments, their impacts upon the resident’s QOL have not been thoroughly studied or documented. Therefore, ‘eco-development’s successes and failures are not clear with regards to their influence upon the residents perceptual and behavioral patterns. The literature reviewed for this research found that multiple factors contribute to resident’s perceived QOL. The questionnaire designed for this research was developed based upon diverse factors that were found to influence resident’s life satisfaction. The results show that “neighborhood satisfaction” and “home-life satisfaction” were the most significant predictors in relation to the perceived QOL for the residents from eco-developments and from conventional developments. However determinants such as income level, health or local services that were initially expected to contribute highly to the QOL were found to score significantly lower when in-depth analyses were performed. The survey results revealed that the physical and social elements of one’s immediate surroundings played a key role in terms of evaluation of life domains and the perception of QOL at large. In conclusion, the residents from eco-developments were found to perceive a higher QOL than the residents who lived in conventional developments.