• Location: eThekwini Metro
  • Economic sector: Property development (residential, office space and retail)

Project overview

The Durban Point Waterfront Development is a joint venture with a Malaysian company and the Durban Point Development Company.

The R35-billion investment located on the South Point of the central beachfront is set to include a number of mixed use developments projects, including upmarket residential and commercial developments, retail mall, a hotel and leisure facilities.

The project will be undertaken in three phases over the next five to ten years.

The project forms part of the city’s initiative to redevelop and regenerate the inner-city. The first phase commenced in 2017 and relates mostly to the provision of bulk infrastructure.

The balance of the project will cover a 10 to 15 year horizon at between R30-billion to R35-billion of public/private sector investment.

When completed, the development will create 6,750 permanent jobs and provide 11,000 construction jobs with an annual rates contribution of R200-million to the municipality.

Investment value: R35-billion ($2,4-billion)

Project Finance

  • Private Developer
  • eThekwini Metro

Project status

  • Work package 1: Watermain upgrade has commenced with construction
  • Work package 2: Watermain upgrade has commenced with construction
  • Work package 3: Promenade extension has been completed (learn more)
The much anticipated beachfront promenade extension has been completed (Source: Invest Durban)

Partnerships

  • Public-Private Partnership – between eThekwini Municipality & UEM Sunrise under development company called Durban Point Development Company (DPDC), Malaysian Investor
  • Public Works – Implementable plans with timelines to address Dilapidated Buildings

Buildings

  • AMAFA – Support the city in the eradication of very old buildings that are classified as Dilapidated Buildings
  • Transnet – Implementable plans with committed financial resources and timelines for the redevelopment of the Harbour and Cruise Terminal
  • Increased Joint Operations with SAPS for crime prevention and management (crime hotspots, drugs and weapons, etc)
  • Department of Higher Education and Tertiary institutions to work with the city in the development of integrated plan for safe and appropriate student accommodation facilities that meet required quality standards

Contact the team

To enquire about investment and business opportunities within this development, please contact the project team below.

(Kindly use the project name – Durban Point Waterfront Development – as reference in the subject line):

Your Name (required)

Your Email (required)

Subject

Your Message