With your extensive experience in Mauritius’s real estate sector, can you provide insights into the trends and returns on investment you’ve observed in recent years, particularly for high-end residential and commercial properties?
In Mauritius, the luxury real estate scene is thriving. High-end residential properties are in demand, and interestingly, due to COVID, there’s been a surge in real estate investments as people look for secure investments. From launch to completion date, 2Futures’ properties experience an average of 23% to 35% of capital growth depending on the unit types. We have even noticed a growth of nearly 60% on a 2-bedroom apartment.
Despite the global challenges, returns on investment remain solid, with property values rising, a thriving rental market supported by a boom in tourist arrivals and increased demand in holiday accommodation, as well as business-friendly government incentives. It’s an exciting time for luxury development – it’s not just about buildings; it’s about creating an irresistible experience in this tropical haven.
Quality of construction is a critical factor for investors and residents alike. Can you elaborate on the standards and practices your company employs to ensure exceptional building quality in your projects?
We pride ourselves on excellence, achieved through meticulous material selection, skilled craftsmanship, and cutting-edge technologies. Backed by insurance companies, we offer a decennial guarantee on structural integrity and a 2-year defects liability period—double the market standard.
Our commitment extends through independent third-party controllers upholding high standards of quality. Our projects are built according to European and British standards with rigorous inspections, code adherence, and post-construction evaluations underscoring our dedication to consistently exceeding expectations.
Mauritius offers attractive investment schemes. How do these schemes benefit foreign investors, and what role does your company play in facilitating these opportunities for prospective clients?
Mauritius indeed offers a range of attractive investment schemes that benefit foreign investors in several ways. These schemes provide tax incentives, access to double taxation treaties, and a conducive business environment.
Additionally, Mauritius boasts a stable political climate, a well-established legal system, and a strong financial services sector, making it an attractive destination for foreign investment and for people looking for permanent residency.
A property investment of a minimum of $375,000 in an approved scheme enables an investor to become eligible for permanent residency and benefit from a range of advantages including long- term stability, access to quality healthcare and education, and a welcoming multicultural community. As a property developer our role is to seamlessly connect foreign investors with these opportunities.
In your view, what are the unique advantages Mauritius offers to real estate investors, especially those from the Gulf region, compared to popular destinations like Dubai for example?
The island serves as a strategic gateway between Asia and Africa, granting investors access to diverse markets and abundant investment opportunities. Furthermore, the bilingual proficiency of Mauritians in French and English expands the reach of communication, fostering an inclusive environment for investors.
Unlike the bustling cityscape of Dubai, Mauritius provides an exclusive and tranquil setting with a mild and moderate climate throughout the year. Investors seeking a balanced and luxurious lifestyle find it an ideal retreat.
Moreover, Mauritius has maintained a stable financial market for the past 15 years with no crashes, adding a layer of confidence for investors. This, combined with a serene atmosphere, attractive tax incentives, and a business-friendly landscape, positions Mauritius as a unique and compelling destination for real estate investment.
Looking ahead, how do you see the real estate market in Mauritius evolving, and what strategies is your company implementing to adapt to these changes while continuing to offer lucrative investment opportunities?
Anticipating the evolving real estate landscape in Mauritius, we foresee a rising trend in branded residences with hospitality operators. The demand is driven by a shortage of hotel rooms and an increasing number of nomads and tourists staying for longer durations.
To adapt, our company strategically partners with key players such as in projects like Les Résidences de Mont Choisy, The Essence, and La Pirogue Residences. These developments are part of our Hotel Collection, offering owners access to neighbouring hotel amenities and activities, while the hotel takes cares of the rental management.
Our latest venture, in partnership with Groupe Pierre & Vacances-Center Parcs, the Résidence Premium Pierre et Vacances Ile Maurice, aligns with these market changes, providing high-rentability studios to 3-bedroom apartments. In addition to these collaborations, we’re leveraging technology for enhanced efficiency and customer experiences.
Staying agile and client-focused, we navigate regulatory shifts and offer flexible solutions, ensuring our commitment to providing consistently lucrative investment opportunities in Mauritius’s dynamic real estate market.
For more information visit: www.2futures.com
Or get in touch directly :
- e-mail : [email protected]
- phone: +230 263 8264
- whatsapp:(+230) 5942 8106
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