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Rabie to launch new Century City retirement village

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Date 21 November 2018

This follows the successful sell-out of Rabie’s Oasis Luxury Retirement Resort in Century City where all 376 sectional title apartments were sold six months ahead of the sixth and final high-rise apartment block being completed.

The new retirement lifestyle village is being planned as part  of a major national expansion into the retirement industry  by Rabie under a new brand, Oasis Life. Oasis Life is based on the Life Right model which will provide a strong emphasis on lifestyle, offering residents a range of superb facilities, including luxury clubhouses and primary health care services right from the start.

Rabie CEO Leon Cohen says they aim to take retirement living to a new level, providing exceptional lifestyle villages underpinned by the strength of the Rabie brand and its proud 40-year track record of delivery.

 

“With people living longer and longer, we see huge opportunities for expansion in the retirement housing market for superior products that offer a really great lifestyle for residents.”

Cohen says they had investigated different financial models and believe Life Rights, which provides the purchaser with the legal right to live in a home for as long as they and their nominated partner/spouse are alive, offers buyers the greatest benefits and financial flexibility whereby options can be tailormade to suit individual’s special circumstances.

“One of the biggest pros for purchasers is the fact that it guarantees professional management, taking away many of the day to day worries and hassles facing Body Corporates such as security, clubhouse management, maintenance and insurance.”

“Purchasers also have more certainty about levies and won’t face the shock of a special levy at any time.

“Also, very importantly, the developer is in for the long haul. By retaining ownership of all homes as well as the common property, it is in the developer’s interest to maintain and upkeep the village and its facilities to a very high standard. As such, the interests of residents and the developer are aligned.”

Cohen said the Group has extensive hospitality experience, including owning and running top-notch hotels and a conference centre. Its specialised hospitality division will ensure the successful operations of all their retirement villages.

Cohen said Oasis Life Century City will offer high- rise, north-facing studio, one, two and three bedroom apartments overlooking a large, tranquil water body and a public park and set above exceptional lifestyle leisure and primary health care facilities.

Unlike most other retirement developments where communal facilities are only provided towards the end of the development, the retirement clubhouse component of Oasis Life villages will be built as part of phase one.

Rabie, which has been responsible for many of the country’s award-winning, landmark developments including Century City, West Lake, Royal Ascot, Burgundy Estate and Clara Anna Fontein, has successfully delivered tens of thousands of homes and hundreds of thousands square metres of commercial space offering investors peace of mind that they are in safe hands.

“Our focus has always been on delivering more than just bricks and mortar; it has been on developing large scale estates and well-integrated mixed-use developments designed to enhance the quality of life of those who live, work and play there.”

Cohen said planning for Oasis Life Century City was well underway. To register your interest in Oasis Life Century City and to provide updated detail go to oasislife.co.za.