PURE International showcases investment opportunities on Indian Ocean paradise (Mauritius)
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PURE International showcases investment opportunities on Indian Ocean paradise (Mauritius)
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Category: Africa Indian Ocean - Mauritius - Industry economy
- Trends / Expert's advice
This is a press release selected by our editorial committee and published online for free on 2008-11-11
–New Mauritian regulations offer freehold purchase with permanent residency
–Opportunity to invest in villas at the exclusive Valriche Estate
PURE International, the specialist real estate sales and marketing agency, is highlighting investment opportunities in the Indian Ocean island paradise of Mauritius to discerning Dubai property buyers this week. In a series of events - beginning with a brokers’ event held today at the Capital Club - PURE International’s specialist team is informing investors of new measures introduced by the Mauritian Government which make this tropical island destination even more appealing to potential property purchasers.
Phil Agius, Managing Director of Pure International, explains;
“As stocks and shares slide and bank interest rates fall, shrewd investors are looking to develop international property portfolios that offer stability, security and strong returns in the face of a global economic meltdown.
“The Mauritian Government has recently moved to allow property purchasers to buy freehold on these idyllic islands for the first time, with the added benefit of Mauritian permanent residency for the buyer and their immediate family. This decision has been incredibly well received, boosting interest in the local resort real estate market, and serving to strengthen the appeal of what is already acknowledged as one of the most desirable global getaway destinations.“
The recently introduced Integrated Resorts Scheme (IRS) for the first time allows foreigners to acquire full freehold ownership of luxury villas in approved IRS projects. By investing money offshore into the strongly emerging property market through IRS luxury developments, Gulf investors can enjoy a number of benefits - in addition to the tropical lifestyle there are taxation advantages and favourable double taxation agreements.
Last month, The Economist referred to Mauritius as an “isolated island that continues to reinvent itself and confound the sceptics”, and praised its economic foresight, its continued rise in GDP, and its high global rankings in the World Bank’s ‘ease of doing business’ ratings.
In addition to alerting Dubai investors to the benefits of the new Mauritian real estate regulation, PURE International is offering the opportunity to purchase villas on the luxury residential lifestyle estate, Villas Valriche. Comprising 288 freehold title villas set on a hillside in over 200 hectares of flourishing grounds; the development offers spectacular views of the Indian Ocean alongside a Peter Matkovich designed, 18-hole par 72 Championship golf course and the 9-hole par 3 course. The estate, which was formerly a sugar cane plantation, is situated in the Domaine de Bel Ombre area on the south west coast of Mauritius, close to the Le Morne Peninsula and is only a 45 minute drive from the airport.
Villas within the Valriche Estate start at US$950,000 (approximately AED 3.49m).
A VIP presentation evening is taking place on Wednesday 12 November at the Capital Club, DIFC, from 7.30pm, with further open days at the Westin Mina Sehayi on Friday and Saturday 14 and 15 November from 11am to 7pm.
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