The Pearls of Umhlanga has been a 14-year development that has truly outperformed many. Positioned within one of South Africa’s wealthiest streets, Lagoon Drive, in the heart of KZN’s bustling Umhlanga Rocks area. Having worked with the Pearls of Umhlanga for a number of years, we are proud to share that this multi-layered development has been named, by New World Wealth, as one of the top-10 luxury apartment complexes in South Africa. What makes this extraordinary, is that the Pearls of Umhlanga is the only development within KZN to have made this exclusive list.
Being the first mixed-use development realised within KZN, the Pearls of Umhlanga has set a precedent within the province. This remarkable development has seen incredible investment results; having launched in 2004 with Pearl Reef, where it sold at 5500m², this first phase is now fetching up to R70 000m². With a staggering 140% capital appreciation, it is evident that the Pearls of Umhlanga is notably a superior investment.
“Three years ago, we released Pearl Sky, the final phase of The Pearls of Umhlanga. Having already transferred 300 of the 400 units, we’ve seen 25% capital appreciation, with apartments selling at an average of R58 000m². What makes the Pearls of Umhlanga an undeniably superior investment is its position and proximity to everything you could possibly need; it’s right on the beach, in the central upbeat Umhlanga area, has access to the Pearls Mall and residents can make use of an onsite doctor and emergency service,” explains Greg Cryer, Director of Pearls Sales and Rentals.
Pearl Sky has limited opportunities available and is seeing a trend of more purchasers from primary residential markets looking for secure and convenient lifestyles, The Pearls of Umhlanga is seeing investors rarely letting go of their units. As a result, the sales team boasts an ever-growing waiting list, and means that when the final opportunities within Pearl Sky are snapped up, it will be a long while until they come back onto the market.
The Pearls of Umhlanga undoubtedly presents a fantastic opportunity to invest in KZN property. You will be guaranteed to see your capital appreciate while you lead an exceptional coastal lifestyle.