R750 million high-end residential property development launched in Bantry Bay

Rendering of AURUM Luxury Suites in Bantry Bay. The Developer and Architects of AURUM reserve their rights to make amendments to the design and plans of the development without claim or liability.’

Da’Realty, the investment subsidiary of the one hundred and six year old conglomerate, Darvesh (1909), is setting a brand new standard within the luxury sector of the property market with the launch of ‘AURUM’ – a R750 million high-end luxurious residential property development in Bantry Bay, Cape Town, South Africa.

Darvesh, still privately owned after four generations in the business have been true pioneers in various commercial sectors namely Investments, Industry, Trading and Technology with a global turnover in excess of $1 billion and global offices across Africa, Asia, Europe and the Middle East.

Company President, Mr Ahsan Hassan Darvesh, spearheading the Africa and Europe ‎operations for Darvesh adds: “When business and values combine, the foundation for success is laid for generations to come”.

AURUM, the first of many of the jewels planned under Da’Realty’s umbrella is located on the sublime Atlantic Seaboard. The exclusive suburb of Bantry Bay, which is strategically situated within close proximity to the Cape Town CBD, Victoria & Alfred Waterfront and surrounds, offers excellent wind shelter from the Cape Town South Easter, spectacular views over the Atlantic Ocean and has long been the place of choice for affluent property investors; local and foreign alike. The two sites for the AURUM BANTRY BAY development were previously the homes of the iconic Ambassador Hotel and Ambassador Suites which neighbour each other on opposite sides of Victoria Road.

AURUM is an exclusive dual location development nestled at the foot of the northern slope of the scenic Lion’s Head Mountain, and perched over the breathtaking Bantry Bay coastline. The two sites are set to be transformed into: The AURUM LUXURY SUITES, comprising of 15 luxury suites on the mountain side of the road and 8 exclusive uber-luxurious suites, with direct lift access to one unit per floor, making up the AURUM PRESIDENTIAL SUITES offering, located on the ocean side of Victoria Road.

Da’Realty’s exclusive corporate design guidelines are based on the incorporation of natural elements like water, sun, light and earth into the conceptualisation and design of the AURUM development. The metallic element gold derives its chemical symbol Au from the Latin word Aurum meaning ‘Shining Dawn”.

Denis Fabian of Fabian Architects and Lauren Bolus Kuschke, the founding Partner of Make Architects & Interior Studio, are the appointed prime architects on the AURUM project, commissioned with the mandate to incorporate and translate the brand fundamentals into the development.

All units have been spaciously designed with modern, open-plan, single-level layouts. Both the LUXURY SUITES and PRESIDENTIAL SUITES will boast opulent 500+ and 700+ square meter signature penthouse units respectively, fitted with exclusive designer detailing by renowned Italian luxury brands FENDI CASA, ARMANI CASA and ARMANI DADA, the first of its kind in the South African developer offering – setting a new benchmark in designer luxury.

Stylish interiors crafted around a neutral colour palette, combined with the highest quality imported materials and state of the art Bang & Olufsen audio visual sound systems are but a few of the many luxurious features of the development. Each suite will also have ample underground parking.

Da’Realty President, Mr. Ahsan Hassan Darvesh explains; “AURUM is here to offer to connoisseurs true luxury which speaks of understated class and elegance.”

Mr. Ahsan Hassan Darvesh draws on his extensive experience and career background of over 13 years as Director of ‘Elegant Industries’, a Darvesh subsidiary, which designs and supplies luxury brands such as Chanel, Yves Saint Laurent, Tom Ford and Christian Dior with state of the art architectural in-store counters. He further adds; “Da’Realty is focused on its vision of creating a true luxury residential brand with the highest standard of elegance across South Africa – offering the owners and investors of their developments maximized returns on all levels”.

Chrystalla Mammous, Da’Realty General Manager for Marketing, comments; “The current climate in the residential property market indicates that there is a demand for quality luxury investment options in Cape Town and along the Seaboard. Da’Realty envisions bringing a superior product to market. The recent depreciation of the Rand against foreign currencies also makes this period particularly favourable for foreign investors to secure their piece of Cape Town’s idyllic coastal paradise, which remains competitively priced, in relation to other prime city markets around the world. The Atlantic Seaboard property market has consistently performed well even in strained economic conditions. There are few areas where capital growth returns are as sound. This particular calibre of product, in a desired scenic location such as Bantry Bay, along with Da’Realty’s commitment to deliver premium luxury residential product makes for a very successful formula”.