Mauritius is primarily known as a destination for luxury residential property, but its commercial real estate sector offers genuine opportunities for international investors — particularly in office, hospitality, and mixed-use developments.
This guide covers the key segments of the Mauritian commercial real estate market in 2026, what’s permitted for foreign investors, and where the opportunities lie.
The Commercial Real Estate Landscape
Mauritius’s commercial property market is centred on a few key clusters:
- Port Louis CBD: Traditional office and retail hub; older stock but undergoing renewal
- Ebène Cybercity: Modern office park, home to banks, technology companies, BPO operators, and financial services firms. The de facto business district for international companies.
- Bagatelle / Moka: Emerging mixed-use corridor; large retail (Bagatelle Mall), professional services, and part of the Moka Smart City development
- Grand Baie / North: Tourism-driven retail and hospitality
- Airport Corridor (Mon Trésor Smart City): Industrial, logistics, and hospitality near SSR International Airport
Office Market
Mauritius positions itself as a leading African financial centre and IFC (International Financial Centre). Its office market — particularly in Ebène and Moka — caters to banking, fund administration, trust companies, law firms, and technology operators.
- Grade A rents in Ebène: Approximately MUR 40–65 per sq ft per month (approximately USD 0.85–1.40/sq ft/month)
- Vacancy rates: Moderate in established locations; higher in Port Louis older stock
- Demand drivers: African headquarters, financial services expansion, BPO sector growth
International companies — particularly from France, the UK, and South Africa — often use Mauritius as a holding and operational base for Africa strategies, generating consistent demand for quality office space.
Hospitality and Tourism Assets
Tourism is one of Mauritius’s largest economic sectors. Hotel performance recovered strongly post-pandemic, and the island’s luxury segment continues to command strong ADRs (average daily rates).
- International brands present: Beachcomber, One&Only, LUX*, Four Seasons, Shangri-La, Constance
- IHS (Invest Hotel Scheme) allows non-citizens to invest in approved hotel developments and earn rental income
- Opportunities exist in boutique hotel development and conversion of older properties on the west coast
Industrial and Logistics
Mauritius’s industrial sector is modest but growing. The airport corridor and Smart City developments include designated industrial and logistics zones. The government’s focus on becoming a regional logistics hub for the Indian Ocean is driving investment in warehousing and light manufacturing.
Retail
The formal retail market is small but consolidated. Major assets: Bagatelle Mall, Cascavelle Shopping Village, La Croisette, Phoenix Mall. Regional retail is largely informal. Opportunities for international retail brands are limited compared with Dubai or Nairobi, but the affluent local and expat market supports quality F&B, lifestyle retail, and wellness concepts.
What Foreigners Can Buy
Foreign investors can purchase commercial property in Mauritius under the following routes:
- Direct purchase: Commercial property (offices, retail, industrial) can be purchased by foreign companies or individuals with EDB approval in some cases
- Smart City developments: Commercial components within SCS developments are accessible to foreign buyers
- IHS: Hotel unit investment (as above)
- Company ownership: Purchasing through a Mauritius company (GBL or domestic) is the most common structure for commercial assets
Tax structuring is important — Mauritius’s Global Business Licence (GBL) framework can provide significant efficiencies for international investors holding commercial assets. LIVERIA works with qualified advisors who specialise in GBL structures.
Due Diligence Considerations
- Title searches and encumbrances — always conducted via a licensed notary
- EDB approval requirements vary by asset type and structure
- Currency transfer: the December 2024 rule (85% in MUR) applies to property purchases; commercial transactions may differ — confirm with your legal advisor
- Registration duty: from July 2026, non-citizens pay 10%
Interested in commercial opportunities in Mauritius? Contact LIVERIA at [email protected]
LIVERIA International Realty | Award-Winning Luxury Real Estate Advisory, Mauritius | www.liveriarealty.com
