What's Hot

    Unlocking Nigeria’s maritime potential – NESG explores path to prosperity

    September 27, 2023

    Oman’s Duqm Refinery completes start-up

    September 25, 2023

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      India reveals expansive rail and ports corridor for Middle East and South Asia

      September 13, 2023

      Green energy – UAE funds African projects through $4.5 billion initiative

      September 6, 2023

      West African ports benefit from international investment

      September 1, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Unlocking Nigeria’s maritime potential – NESG explores path to prosperity

      September 27, 2023

      CYNK – Africa’s first verifiable carbon market launches in Kenya

      September 22, 2023

      Ionic Rare Earths engages DRA Global to advance Makuutu Development

      September 20, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      MENAT to see investment flows increase substantially

      Business Business & Trade Finance September 4, 2023
      Recent

      MENAT to see investment flows increase substantially

      September 4, 2023

      Ballim – GGC can play a major role in Africa

      July 17, 2023

      Africa50 invests USD 6.6bln in infrastructure over 6 years

      July 7, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Properties

    Lifestyle estate living on the rise in Africa

    September 20, 20222 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Lifestyle estate
    Steyn City in South Africa is a prime example of the rise in popularity of lifestyle estates.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Lifestyle estate living is on the rise in Africa, especially among the wealthy, according to the 2022 Africa Wealth Report.

    Lifestyle estate living is on the rise in Africa, especially among the wealthy, according to the 2022 Africa Wealth Report, published by UK investment consultancy Henley & Partners in partnership with South African wealth intelligence firm New World Wealth.

    South Africa: A lifestyle estate pioneer

    South Africa is a global pioneer in estate living and is home to many of the world’s best lifestyle estates, including the likes of Val de Vie, Steyn City, Fancourt, Pezula and Steenberg.

    Estate living is also very popular in Mauritius, especially among wealthy expats. Notable top-end estates in the country include Anahita Mauritius, Mont Choisy Le Parc and the One&Only Le Saint Géran Private Homes.

    Thanks to recent strong price growth, luxury estate apartments in Mauritius are now among the most valuable in Africa, with prime prices reaching as high as USD 5,000 per square meter, similar to prices in Clifton and Bantry Bay, the most exclusive property sectors in Cape Town, South Africa.

    Factors influencing the rise of lifestyle estates

    Estate living is also starting to take off in several other African countries, including Morocco and Egypt. Reasons for its rising appeal across Africa include:

    • Security and privacy: Access control, private security personnel.
    • Lifestyle and community: Large open spaces, communal leisure facilities, children’s playgrounds and schools.
    • Facilities: On-site gyms, spas, golf courses, horse riding, tennis, cycling, fishing and jogging paths.
    • Limited and controlled traffic: Greater safety for children.

    As a result, most developers are now creating small neighborhoods within their lifestyle estates, as opposed to the old model where houses were spaced evenly around the entire property. The new model allows for more parkland and open spaces in between neighborhoods, states the report.

    The report can be downloaded here.

    investment Lifestyle estates property South Africa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleSEACOM, BT strategic alliance to benefit enterprise customers in Africa
    Next Article Madison Metals acquires 24% stake in Namibia Nuclear Corporation

    Related Posts

    Agri commodities Agri-Business Business & Trade Commodities

    Ugandan agritech startup Emata secures USD 2.4 million in seed funding

    September 15, 2023
    Business Business & Trade Trade

    ECI and ADEX to boost international trade, technological advancement

    September 11, 2023
    Business Business & Trade Finance

    MENAT to see investment flows increase substantially

    September 4, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Unlocking Nigeria’s maritime potential – NESG explores path to prosperity

    September 27, 2023

    Oman’s Duqm Refinery completes start-up

    September 25, 2023

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023

    Ionic Rare Earths engages DRA Global to advance Makuutu Development

    September 20, 2023

    Turkey Exporters Assembly plans Saudi-Turkish trade summit

    September 18, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.