Africa-Press – South-Africa. Strong demand for mixed-use “live-work-play” areas like the V&A Waterfront, where average home prices reach R18 million, is driving double-digit growth and outperforming property markets across Cape Town and nationally.
According to the Seeff Property Group, mixed-use neighbourhoods in Cape Town, especially, have been among the best performers.
Over the past five years, these areas have reported double-digit year-on-year price growth, topping both the national and Cape Town averages.
Prices in top neighbourhoods are up by 30% to 50% over five years and by 12% to 16% year-on-year. This outpaces the average of 9.1% for Cape Town and 6.6% nationally for 2025 based on Statistics South Africa data.
These mixed-use areas have become key 15-minute neighbourhoods where nearly everything is within walking distance.
This reduces commuting stress while providing an integrated work-live-play lifestyle. These neighbourhoods offer diverse land use across residential, hospitality, and commercial sectors.
Mixed-use neighbourhoods are generally highly sought by investors for high rental demand and stable yields. They often boast a high percentage of residential rental investments with yields of 7% to 10%.
Sales prices in these areas reflect this demand. In the Tyger Waterfront (Durbanville), the average property price is around R1.64 million.
However, this shoots up to R1.95 million in the Cape Town CBD and R2.83 million in Century City. The V&A Waterfront Marina takes the top prize, though, with an average price of R18 million.
According to data from Seeff, Lightstone and Propstats, the V&A Waterfront Marina also sees significant sales over R20 million.
Due to these high average prices, its rental yields are slightly lower than those of other mixed-use neighbourhoods, at 4% to 6%.
Ultra-luxury developments launch at the V&A Waterfront
The V&A Marina’s property market is only expected to continue its growth trajectory, given the number of new developments planned for the area.
For example, the Cape Town Edition hotel and private residences at the V&A Waterfront are planning to offer an ultra-luxury experience for discerning travellers and residents.
Scheduled to open in October 2026, this will be the first Marriott Edition hotel in Africa. Marriott Edition is a luxury lifestyle brand within Marriott International’s portfolio, alongside The Ritz-Carlton, St. Regis, and W Hotels.
It is known for boutique-style properties that reflect their locations with minimalist, modern aesthetics and historic influences.
Marriott International already operates several luxury and upscale hotels in South Africa, including The Westin Cape Town, Johannesburg Marriott Hotel Melrose Arch, and African Pride hotels.
The Cape Town Edition will feature 142 rooms and suites, world-class amenities such as a rooftop bar, spa, pool, and meeting facilities, and six private residences
The project is designed by Shanghai-based Neri & Hu in collaboration with local architects StudioMAS, promising a sophisticated atmosphere that blends modern luxury with authentic local character.
The hotel forms part of the V&A Waterfront’s Quay 7 Superyacht Marina development, a R230 million investment aimed at strengthening Cape Town’s position in the global ocean economy.
The marina, located in front of the hotel, will accommodate superyachts of 40 to 90 metres with six stern-to and two beam-on berths.
It will also support commissioning and export for Cape Town’s catamaran industry, which includes builders such as Robertson & Caine, Two Oceans Marine, and Balance Catamarans.
Guests and residents will enjoy seamless access to the waterfront, including a public promenade, extensive yacht berths, and a heliport, enhancing the area’s appeal as a luxury destination.
The V&A Waterfront describes the project as “architecturally stunning”, marking the launch of Edition Hotels in Africa, while creating new economic opportunities for Cape Town’s marine services and luxury hospitality sectors.
R8.5 million one-bedroom apartment in Waterfront, Cape Town
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R47 million three-bedroom penthouse apartment in Waterfront, Cape Town
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