A real estate program in Mauritius brings together new villas, apartments or penthouses, sold off-plan or turnkey to an international clientele. On the west coast, MJ Développement Maurice markets 6 prestige residences, from Tamarin to Flic en Flac, starting at €690,000.
Prices, areas, layouts, purchase schemes and rental yields: this guide brings together everything that sets our new residences apart and helps you target the property that fits your project.
Our real estate programs in Mauritius at a glance
| What to know | In brief |
|---|---|
| Definition | A new residence of villas, apartments or penthouses sold to foreign buyers. |
| Purchase schemes | PDS, G+2, IRS or RES; residence permit beyond USD 375,000 invested. |
| Taxation | Income tax at 15%, no inheritance tax in direct line and no wealth tax. |
| Rental yield | Between 4% and 7% gross per year depending on the area and property type. |
| Our offer | 6 prestige residences on the west coast, from €690,000, with turnkey rental management. |
MJ Développement, developer of real estate programs in Mauritius since 2014
MJ Développement has been designing and marketing prestige real estate programs in Mauritius since 2014, mainly on the west coast of Mauritius.
Our group champions a 360° approach that brings together 3 businesses within a single team: property development, construction and rental management.
In practice, you keep a single point of contact from choosing the land to putting the property up for rent. This continuity makes all the difference in a prestige market where French and international buyers look for a secure journey. Tamarin, Rivière Noire and Flic en Flac concentrate most of the high-end rental demand.
“In Mauritius, a fine property investment does not end when the keys are handed over. We support every client over the long term, anticipating management and estate-transfer challenges.”
Michaël Ruel, President of the MJ Développement Group
Our new real estate programs currently available in Mauritius
Our residences fall into 2 families according to the property’s dominant type. Here are our new programs currently for sale, from pure villa estates to mixed residences:
Our villa residences
These two programs feature exclusively villas with pool and garden:
- Marguery Villas comprises 40 villas of 3 to 4 bedrooms in Rivière Noire, starting at €690,000, within a resort already in operation.
- Eko Savannah offers 46 villas of 3 to 5 bedrooms in Tamarin, starting at €1,445,000, with an announced yield of up to 5.5% gross per year.
Our residences with apartments and penthouses
These programs combine apartments, villas and penthouses within serviced resorts:
- Serena Residences by Sands brings together 24 apartments and 6 penthouses in Flic en Flac, starting at €820,000.
- Mythic Suites & Villas has 12 apartments, 14 villas and 3 penthouses in Grand Gaube, starting at €1,190,000.
- SHOBA by Maradiva includes 7 villas, 8 apartments and 2 penthouses in Flic en Flac, starting at €2,550,000.
- Legend Hill blends apartments, villas and penthouses of 3 to 4 bedrooms in Tamarin, starting at €3,400,000.
The schemes for buying a new program as a foreigner
As a foreigner, you buy a new real estate program in Mauritius through a regulated legal scheme.
3 main frameworks open acquisition to non-residents:
- The PDS (Property Development Scheme) allows the purchase of a new villa, apartment or penthouse in a high-end residence.
- The G+2 (Ground +2) lets you acquire an apartment in a building of at least two floors, with no minimum investment threshold.
- The IRS and RES concern high-end integrated resorts, often available on the secondary market.
Once you invest more than USD 375,000 in a new property, you obtain the permanent residence permit, extended to your spouse and dependent children.
Good to know: the USD 375,000 threshold concerns only access to the residence permit. A G+2 apartment remains accessible with no minimum amount, making it the most flexible entry point for a first new-build investment in Mauritius.
Why invest in a real estate program in Mauritius?
Mauritius combines light taxation and a solid rental yield. Income tax is capped at 15%, with no wealth tax and no inheritance tax in direct line.
According to the French tax authorities, a treaty between France and Mauritius avoids double taxation of income. On the returns side, our residences post a rental yield of 4% to 7% gross per year depending on the area and property type. Once the property is delivered, our dedicated property management service handles everything turnkey: marketing, concierge services and reporting.
Our advice: to aim for the best returns, favour short-term holiday rentals in Tamarin or Flic en Flac. Long-term rental to expatriates brings more stability. The right trade-off depends on your wealth objectives and your presence on the island.
Looking for the real estate program in Mauritius that matches your budget and yield objectives? Contact the MJ Développement team to compare our 6 residences and secure every step of your acquisition!
FAQ – Real estate programs in Mauritius
What budget for a new real estate program in Mauritius?
The budget for a new real estate program in Mauritius starts at €690,000 for a Marguery villa in Rivière Noire. Depending on the residence, area and type, prices range up to more than €3,400,000 for an exceptional property in Tamarin, a penthouse or a villa with lagoon access.
Can a foreigner buy in a new program in Mauritius?
Yes, a foreigner can buy in a new program in Mauritius through an authorised scheme: the PDS, the G+2 or the IRS and RES schemes. The purchase is signed before a Mauritian notary. Beyond USD 375,000 invested, the buyer also obtains the permanent residence permit.
What rental yield can you expect from our real estate programs?
The rental yield of our real estate programs in Mauritius sits between 4% and 7% gross per year. Short-term rental in Tamarin or Flic en Flac generates the best rates, while long-term rental to expatriates offers more regular income.
Where are MJ Développement’s real estate programs located?
Our real estate programs are concentrated on the west coast of Mauritius, in Tamarin, Rivière Noire and Flic en Flac. One residence, Mythic Suites & Villas, is in the north, in Grand Gaube. These areas combine beaches, resorts and strong international rental demand.
Do you need a notary to buy a new property?
Yes, buying a new property in Mauritius is completed before a Mauritian notary. The notary secures the deed, checks the acquisition scheme and applies the 5% registration duty. Our team coordinates this step with partner legal advisers.
What is the difference between the PDS and the G+2 in Mauritius?
The PDS lets you buy a new villa, apartment or penthouse in a high-end residence, with access to the residence permit beyond USD 375,000. The G+2 targets an apartment in a building of at least two floors, with no investment threshold, but without an automatic residence permit.
