The segment for luxury properties in Mauritius looms to outperform the overall property market onwards 2021. Indicative of this trend, 2Futures sold out in February its high-end Casa Alegria Beachfront development in Pereybere.
With a development value of USD8 million, Casa Alegria has 13 units consisting of penthouses, villas, and apartments. It has a gross building area of 2,300 square metres. The property boasts of a well-groomed beachfront with loungers and umbrellas for the residents’ exclusive use.
Prospective buyers of luxuryproperties in Mauritius, however, have other purchase opportunities from the upmarket property portfolio of 2Futures. Less than a mile south of Casa Alegria, the AO Residences of 2Futures is one potent buying destination for high-end residences.
AO consists of 29 luxury apartments, villas, and townhouses of AO Residences. This property’s development value amounted to USD29 million. The gated AO complex has a gross building area of 10,105 square metres and features a well-landscaped garden as well as private beach access.
Wondrous perks of island living
The residents of this property enjoy plenty of onsite amenities emblematic of luxury properties in Mauritius. These endearing features include a swimming pool, gym, café, and rooftop terrace. Living in the AO complex is also bundled with access to the luxury resort facilities of 2Beach Residences a short distance north in Pereybere.
Notably, 2Futures has delivered in AO Residences turnkey units with a deco pack option. 2Futures partnered with Yuni Furniture & Lifestyle, a leader in interior design in Mauritius. With this deco pack, the buyers can customise their home picks’ interior design and furnishings.
Lure of resident permit to foreign buyers
2Futures developed AO Residences under the government’s Real Estate Scheme (RES) opening property ownership to foreigners. RES also grants residency to non-citizen real estate buyers a resident permit under certain conditions.
Significantly, the government liberalised its guidelines in 2020 regarding resident permits for foreign buyers of Mauritius real estate. It lowered the property investment threshold for permit eligibility to USD375,000 from USD500,000.
More upmarket home choices remain
There are many upmarket beachfront residences in 2Futures’ real estate portfolio that open eligibility to a Mauritius residence permit. Many of these are still up for grabs at Ocean Grand Gaube, which is composed of 42 residences. This property’s development value amounts to USD23 million and is set for a gross building area of 7,893 square metres.
The amenities in this development include a private clubhouse and a large swimming pool. It also provides a wellness centre, a tennis court, a petanque field, a yoga pavilion, and a kid’s playground with its own pool.