Fiscal benefits and residency opportunities through real estate investment underpin Mauritius’s magnetism for overseas investors. The island’s appeal is boosted by its desirable lifestyle, reputation as one of the safest African nations, thriving economy and stable political framework. From a financial perspective, investing in property here makes perfect sense, as buyers can expect significant capital appreciation on their investments.

One of the critical factors drawing investors to Mauritius is the attractive foreign investment programme linked to property. These initiatives provide buyers with valuable residency rights and tax advantages, creating a highly favourable environment for investment. As a result, there has been a notable increase in families relocating to Mauritius, either part-time or full-time. They are enticed by the prospect of enjoying the fantastic lifestyle offered by the island, taking advantage of its excellent business opportunities and high-quality educational institutions.

Luxury seafront properties delivered in 2023

2Futures, the leading developer of luxury seafront properties in Mauritius, celebrates the delivery of three projects approved for foreign investment in the North this year. This video serves as a celebration of our collective efforts, where visionary design meets flawless execution, making clients’ dreams become reality.

Villas are one of Mauritius’s most sought-after luxury property investments, especially in the North. Serenity Villas is a short stroll (600m) from the famous white sandy beaches of the Grand Baie area and 2Beach Club. This upscale development offers residents the ultimate lifestyle experience. It is a serene tropical haven that provides a peaceful escape while conveniently connecting to the contemporary conveniences and offerings of a bustling small town. It’s a small paradise, secluded from prying eyes, where tranquillity and modernity unite perfectly.

The design of Ocean Point Beachfront Residences in Pointe aux Biches focuses on luxury and adaptable living with architecture that embraces spacious and functional interiors, illuminated by an abundance of natural light and refreshed by the cool breeze of crossflow ventilation. It amplifies the breathtaking, boundless sea views and seamlessly integrates the indoor and outdoor living areas through expansive full-length glazing, creating a harmonious flow.

Prime seafront real estate

Each apartment is thoughtfully positioned to capture unending ocean vistas, while the penthouses are a testament to elevated living, boasting expansive open-sky terraces. The design embodies the essence of Mauritius, drawing inspiration from the textures and hues of local timber elements, rock cladding, sands, and lush flora, elegantly woven into the fabric of tropical resort-style architecture and its accompanying amenities.

 Only a single one-bedroom apartment is still for sale at The Essence, with up to 7% ROI per annum on rental driving sales on residences here. Apartments are priced from USD274,000. A payment plan and home loan financing are available. Other motivating factors for real estate investors to buy property at The Essence are access to five- and four-star hotel facilities and services, private beach access at Trou aux Biches, a concierge service, a spa, restaurants and bars, and a Kids’ Club. There is also basement parking.

Winning destination

Real estate agents and developers agree. Sales on leading developments in the high-end market have been unprecedented in the 18 months from October 2021 to March 2023 as travel resumed post-pandemic and affluent real estate investors went in search of a safe haven for investment purposes and a more wholesome lifestyle connected to nature. Mauritius is a winner regarding strategic location, dynamic business landscape and advantageous fiscal regime. And it’s the Traveler’s Choice Best Nature Destination in the World, following a recent poll on Trip Advisor. This award is based on the “number of above-and-beyond reviews and opinions from [their] community over 12 months.

Today, the island is home to an increasing number of high-net-worth individuals HNWIs – a total of 4 900 reflects a staggering 69% millionaire growth from 2012 to 2022, according to the Africa Wealth Report 2023. “Africa’s millionaire population is expected to rise by 42% over the next 10 years, reaching around 195,000 by 2032. Mauritius is predicted to be the standout, with 75% growth forecast for the next decade,” state the authors.

Dynamic real estate market

Gross direct investment flows in Mauritius have been estimated at MUR27.6 m in 2022 compared to MUR18.4m in 2021, according to the Bank of Mauritius. The “real estate activities” sector was the primary recipient of gross direct investment inflows, mostly received under the Integrated Resort Scheme/ Real Estate Scheme/ Invest Hotel Scheme/ Property Development Scheme/ Smart City Scheme.

More specifically, gross direct investment inflows to the sector were almost double year on year:

MUR8,922 million in 2021 increased to MUR15,422 million in 2022. However, the gross direct investment inflows into the Integrated Resort Scheme/ Real Estate Scheme/ Invest Hotel Scheme/ Property Development Scheme/ Smart City Scheme allocations more than doubled over the same period of analysis from MUR5,922 million in 2021 to MUR11,361 million in 2022.