The 5th and final phase of The Pearls of Umhlanga “Pearl Sky” was launched today.
Durban, get ready for one of the largest private sector investments which will boost economic growth, property sales, tourism and employment in our city! Speaking at the launch today, Anant Singh – filmmaker, producer & Director of The Pearls of Umhlanga Development, said that he sees Umhlanga as the “Malibu of Durban” or even the “South of France” and he is confident that the Pearls of Umhlanga will be an iconic part of our city. Other speakers at the event, which was held at the Oyster Box, included MEC for Economic Development & Tourism in KwaZulu-Natal, Mike Mabuyakhulu.
Having already generated major investment, as well as tourism within the province, after the completion of the final phase, The Pearls of Umhlanga will be worth in excess of R3 billion, making it one of the largest private sector investment in the region over the last ten years.
“The Pearls of Umhlanga development has proved to be a major success. With the first four phases (Pearl Reef, Pearl Tides, Pearl Breeze and Pearl Dawn) of the development 100% sold, The Pearls precinct has escalated in value by some 100% since its launch in 2004. This is the last opportunity for anyone to own an apartment in, what is considered, one of the most exclusive developments in the country. We are extremely confident that Pearl Sky will follow this same positive trend,” said Anant Singh.
Due for completion in 2017, Pearl Sky will also boast 14 500 square meters of luxury boutique retail space , including top designer labels, the finest restaurants, and Food Lovers Market’s, the anchor tenant will boast its most sophisticated store yet, as well as 322 studio, one, two, three & four bed-roomed upmarket residential apartments. The exclusive development promises the lifestyle synonymous with the Pearls of Umhlanga, including sun decks, a lap pool, jacuzzi and children’s play areas to name but a few.
“One of the most unique aspects of the fifth phase is the fact that residents will have direct access to a luxury boutique mall offering retail, business and wellness facilities. This will feature the country’s most stylish boutiques, designer labels and the finest restaurants, all to satisfy the most opulent tastes. We are delighted to confirm that Food Lovers Market is the anchor tenant, and that they will be creating a flagship store that will be their most sophisticated yet,” said Singh.
Located in the seaside resort town of Umhlanga and boasting exceptional sea views, The Pearls of Umhlanga has already gained an impressive architectural reputation as one of the country’s most exclusive resort and residential offerings. The development has seen great success, with the first four phases of the 5Ha property selling out completely, “and the fifth phase already seen over 3 000 enquiries, from the “gentle” marketing aproach. All indications show that this will be a sellout success” says DevMark Director Piaras Moriarty, the sales and marketing consultant for the project.
Of the 322 units available, Moriarty stated that they already have around 150 purchase commitments – so the launch on the 4th of April will surely be a scramble for viewing and buying a piece of this Iconic development.
“Based on its beautiful location, unique design and excellent facilities Pearl Sky is a blue-chip investment opportunity that will have a significant economic impact on its surrounding area as well as the province as a whole,” concluded Singh. We certainly can’t wait for the boost in our property, retail and tourism sector once this icon is completed. The launch is by invitation only – For more information please visit thepearls.co.za or contact 087195 0145.