Dubai and Mauritius are both destinations which offer a fantastic lifestyle, and are ideal for South Africans wishing to invest in offshore property. These destinations are easily accessible for South Africans with property investments made easy through the Seeff Property Group network.
Investing in the Lucrative Dubai Property Market
Dubai has one of the most robust property markets globally, and is developing at a rapid pace with a choice of new developments on offer, according to Nombasa Mawela, licensee for Seeff Dubai.
Dubai is most certainly the place to be. It boasts a fabulous lifestyle with everything at your fingertips, from shopping malls galore to hotels, restaurants, and a wealth of leisure activities. It is also a growing commercial and business hub. It is easily accessible for South Africans with daily flights directly to the City.
Investing in Dubai offers a gateway to international markets. South Africans can also set up bank accounts (personal and business accounts) in Dubai to shift funds offshore if they so desire, which is a big benefit according to Nombasa. The Dubai Golden Visa is another benefit. It enables holders and their families to reside in the country for up to ten years. This visa further provides flexibility, permitting extended stays outside the UAE without compromising residency.
South African property purchasers can also access property financing in Dubai of up to 75% of the purchase price. Additionally, many developers offer appealing payment plans and low-risk financing options tailored to investors. These options often require minimal upfront investment, and feature periodic payments with guaranteed returns when the property is rented out.
Seeff Dubai offers a wide range of property investment opportunities which are ideal for South Africans. Visit https://dubai.seeff.com/ for more information.
Purchasing Property on the Indian Ocean Island of Mauritius
Regarded as one of the most beautiful islands surrounded by the warm Indian Ocean, Mauritius has emerged as a prime destination for South Africans seeking relocation, retirement, or offshore property investment, according to Severine Dalais-Pietersen, licensee for Seeff Mauritius.
A big benefit is that South Africans are free to invest and purchase property on the island. There has been a steady flow of South Africans moving to Mauritius, some opting to relocate their families, while others are retiring in Mauritius, drawn by the high quality of life, excellent healthcare, and world-class education facilities.
You, however, do not need to relocate to Mauritius to invest in property, says Severine. South Africans can invest in property as a second home, or to take advantage of the lucrative rental market, or a combination of both, meaning that you rent out your property when not needing it for own use. You can also invest now with the view to perhaps relocating to Mauritius at a later stage. In the meantime, the property can earn a rental return to help you pay it off.
Apartments tend to be a good option, especially those which are close to, or overlook the beaches, and there is no shortage of developments to invest in, according to Seeff.
Mauritius has a similar time zone to South Africa, and is very accessible for holiday makers and buyers with easy flights of just a few hours. It has an excellent climate and good infrastructure, a strong banking sector, and a favourable tax regime.
Mauritius also offers various visa options. Tourist visas allow for stays of up to six months, while premium visas cater to remote workers. Retirement residence permits, requiring a minimum monthly income of USD1,500, permit stays of up to ten years, and allow for family inclusion. To qualify for residency, an investment of ZAR 5.7 million (USD375,000) in property is typically required. However, smaller investments are possible without obtaining residency.
Seeff Mauritius is currently marketing a wide range of developments suitable for South Africans. You can visit https://seeff.mu/ for more information, and access to a wide choice of properties.
Author: Gina Meintjes, 18 November 2024, International