Pearls Property Developments · Umhlanga
Pearls of Umhlanga
Twin towers on the promenade with the country's best-known coastal address.
- Price from
- R 2 250 000
- Gross yield
- 7.6% gross / 5.9% net
- Projected ROI
- 10.1% p.a. blended
- Completion
- Completed
Overview
Twin-tower Beachfront Apartments in 6 Lagoon Drive, Umhlanga Rocks
The Pearls' twin towers sit directly on the Umhlanga promenade above a retail arcade, restaurants and a spa. Apartments are large by South African standards, with wrap-around balconies and unobstructed sea views from the fourth floor upward.
- Promenade frontage — steps from Umhlanga's main beach
- Generous apartment sizes with wrap-around balconies
- Retail arcade, restaurants and spa in the podium
- Proven holiday-let performance in peak December season
- Immediate transfer and income
Unit schedule
Prices, sizes and returns
| Unit type | Size | Price | Deposit | Monthly bond | Term | Est. rental | ROI |
|---|---|---|---|---|---|---|---|
| Studio | 40 – 48 m² | R 2 250 000 | R 225 000 | R 21 200 | 240 months (20-year bond) | R 14 500 pm | 7.7% gross |
| 1 Bedroom | 62 – 78 m² | R 3 150 000 | R 315 000 | R 29 700 | 240 months (20-year bond) | R 20 000 pm | 7.6% gross |
| 2 Bedroom | 100 – 128 m² | R 5 450 000 | R 545 000 | R 51 500 | 240 months (20-year bond) | R 32 500 pm | 7.2% gross |
| 3 Bedroom | 165 – 215 m² | R 8 950 000 | R 895 000 | R 84 500 | 240 months (20-year bond) | R 52 000 pm | 7.0% gross |
Bond repayments modelled at the current South African prime rate of 11.25% over 20 years. Figures are indicative and subject to bank approval.
Payment plan
Off-plan construction-linked plan
10% deposit on signature of the sale agreement
Balance secured by an approved bank guarantee or bond grant within 30 days — no further cash instalments during construction
90% payable on transfer and occupation certificate
Bond pre-approval available through Standard Bank, FNB, Absa, Nedbank and Investec
No transfer duty payable on new developments — VAT is included in the purchase price.
Investment analysis
Model your return
- Gross rental yield
- 7.73%
- Net rental yield
- 6.03%
- Net annual income
- R 135 720
- Cash invested
- R 225 000
- Value in 5 years
- R 3 011 008
- 5-yr return on equity
- 640%
Assumes 22% of gross rental absorbed by levies, rates, management and vacancy. Illustrative only — not financial advice.
Gallery
Renders, interiors and site progress
Programme
Construction timeline
- Completed
Land acquisition & rights approved
Complete
- Completed
Bulk earthworks & piling
Complete
- Completed
Basement & podium structure
Complete
- Completed
Superstructure & topping out
Complete
- In progress
Facade, glazing & fit-out
Complete
- Completed
Practical completion & transfer
Scheduled
Amenities & location
What surrounds the building
Amenities
- 24/7 manned security & biometric access
- Backup power and water infrastructure
- Rooftop infinity pool & sun deck
- Fully equipped fitness studio
- Co-working lounge and boardroom
- Concierge and parcel management
- Fibre-ready throughout
- Secure basement parking
- Landscaped podium gardens
- Pet-friendly policy
Schools
- Crawford La Lucia (4 km)
- Umhlanga College (3 km)
- Chelsea Preparatory (2 km)
Healthcare
- Netcare Umhlanga Hospital (2 km)
- Life Mount Edgecombe (6 km)
Retail
- Gateway Theatre of Shopping (3 km)
- Umhlanga Arch (1 km)
- The Pearls Mall (600 m)
Transport
- King Shaka International (18 km)
- M4 Coastal Route (500 m)
- Durban CBD (16 km)
FAQs
Common questions
Can foreign nationals buy at Pearls of Umhlanga?
Yes. Non-residents may purchase South African property in their own name. Funds must be introduced through an authorised dealer bank and recorded as foreign capital so proceeds can be repatriated on resale. Non-residents typically qualify for a 50% loan-to-value local bond.
What is payable in addition to the purchase price?
New off-plan developments carry no transfer duty — VAT is included in the listed price. Buyers pay bond registration costs where a bond is raised, plus a first levy contribution and municipal deposit on occupation.
When is occupation expected?
Practical completion and first occupation are programmed for Completed, subject to the standard construction contract provisions.
Is my deposit protected?
All deposits are held in a Section 78(2A) interest-bearing attorney trust account in the purchaser's favour until transfer, and the development is registered with the NHBRC.
Do you assist with letting after transfer?
Yes. PrimeStone Rentals offers a full letting and management mandate covering tenant placement, compliance and monthly reporting at 8% of gross rental.