Oceans Umhlanga launches luxury residential tower valued at R1.4 billion

Oceans Umhlanga is making waves in the local real estate market with the official launch of its high-end North Oceans Umhlanga Residential Tower, valued at R1.4 billion.

The event, scheduled for tomorrow, marks a significant stride in the region’s economic and social transformation, amplifying KwaZulu-Natal's ambitious revitalisation agenda.

According to Brian Mpono, CEO of Oceans Umhlanga Development, the North Tower is an integral part of the larger R4.3 billion Oceans Umhlanga Mixed Use Development, which encompasses the internationally recognised Oceans Mall and the five star Radisson Blu Durban Umhlanga Hotel.

“The launch isn’t just another property unveiling; it’s a celebration of Durban’s evolution,” expressed an excited Mpono.

“This project reflects a vision brought to life through the tenacity and perseverance of our developers, Vivian Reddy and Rob Alexander.” Mpono noted that the project had already drawn international attention to KwaZulu-Natal's potential.

Its North Tower will introduce over 258 luxury apartments, ranging from studios to four bedroom units, all designed to boast breathtaking ocean views along Africa's East Coast.

Each unit features premium finishes with direct access to the adjacent Oceans Mall, setting a new standard for luxury residential offerings in the region.

Beyond the aesthetics and amenities, Mpono stressed that the real impact of the North Tower was rooted in its focus on transformation.

About 50% of the workforce employed in the North Tower’s construction comprised young Black South Africans, with a notable representation of young Black women.

“It is critical for us that our development reflects the diversity of our communities,” added Mpono, highlighting the inclusive nature of this ambitious project.

Equally significant was the commercial aspect of the Oceans Umhlanga development. Currently, 50% of the retail space within Oceans Mall is owned by Black entrepreneurs, with 12 out of 14 restaurants run by Black owners.

This commitment to inclusivity has already generated over 25,000 jobs during the construction phase, many of which had been filled by individuals from neighbouring communities like Inanda, Ntuzuma, KwaMashu, and Blackburn.

“These developments signify a paradigm shift for areas once considered remote from large-scale investments,” said Mpono.

“We are witnessing real change: young people thriving in flagship boutiques, women steering successful restaurants, and fathers securing stable employment in logistics and security. These statistics aren't mere numbers; they represent families with renewed hope and dignity.”

Strategically situated on Lagoon Drive, the North Oceans Umhlanga Residential Tower aspires to be a landmark investment for the region, promising long-term value.

Envisioned to integrate exclusive lifestyle amenities, residents will enjoy resort style pools, concierge services, yoga zones, children’s play areas, and seamless access to the beachfront promenade.

Final economic impact statistics, as well as glimpses into future investments, including an anticipated R1.3 billion leisure investment for the upcoming South Tower, are expected to be announced during the anticipated launch event.

The event will draw civic leaders and government officials, including the Mayor and the Premier of KwaZulu-Natal.

DAILY NEWS