Sun, Sand and No Inheritance Tax Fuel Property Boom in Mauritius
Multimillion-dollar villas are the order of the day as developers and international elite flock to the Indian Ocean island
The One&Only Le Saint Géran Hotel, developed by Kerzner International, is adjacent to a 52-villa project under development.
Photographer: Kamlesh Bhuckory/BloombergWith its long stretches of white-sand beaches, blue lagoons and lack of inheritance tax, the Indian Ocean island of Mauritius has long been a beloved destination for high-net-worth individuals in search of seclusion.
Now, a new player is upping the ante for leisure-seekers. Kerzner International, developer of the Atlantis The Royal – the ultra-luxury Dubai hotel that recently hosted Beyonce in a $100,000-a-night suite – is investing about $100 million in 52 ultra-exclusive villas on Mauritius’s eastern coast. Prices for properties on the former nine-hole golf course range from $2.8 million for a two-bedroom unit to $14.4 million for a seafront villa.