Cape Town which is also known as the Mother City has been ranked 17th on the Savills Executive Nomad Index.
Kelcie Sellers, associate director, Savills World Research said: “The more common digital nomad is symbolised by the young backpacker; however, executive nomads tend to be older and more likely travel with family in tow.”
“For these individuals both physical networking and digital connectivity are important and must be accounted for.”
They are also more likely to rent, with an emphasis on extra space and proximity to local amenities.
Each destination featured on the list has been analysed on their appeal and ease of access for long-term remote workers. Then the various cities were ranked for their:
– internet speed
– air connectivity
– stability in climate
– prime residential rental market prices
– overall quality of life
Cape Town features on the list after introducing the Digital Nomad Visa programme earlier this year.
According to the index, Cape Town stands to benefit from the Digital Nomad Visa programme, making it a key destination for travellers and business people in the global south. Plus the recent elections brings the prospect of political and economic stability.
Basil Moraitis, regional head, Pam Golding Properties Western Cape (Savills associate in South Africa) said: ”Having a well-run city adds to the appeal of Cape Town, as does its natural scenic beauty and amenities.“
“Whether they are looking to unwind on the pristine shores or embark on adventures through breathtaking trails, Cape Town offers a delightful mix for nomads.”
According to Moraitis, another advantage for executive nomads is the favourable exchange rate to the US Dollar, the Pound, and the Euro, which allows for comfortable living at a fraction of the cost compared to other major cities.
Digital nomads tend to rent instead of purchasing property with a focus on short-term property rentals up to three months at a time.
Moraitis said: “Particularly appealing to digital nomads are the rental options in the vibey Cape Town City Bowl area, known for its cosmopolitan atmosphere.”
These apartment rentals are currently in high demand for short stays of three to six months:
– Studios and one-bedroom loft apartments that range from R10,000 to R18,000 per month
– Two-bedroom apartments that cost between R20,000 to R30,000 per month
According to Moraitis, Cape Town’s ranking on the index instils confidence in the desirability of the city as a sought-after destination.
“Most of the digital nomads earn significant hard currency which is then spent in the local economy and also adds to the diversity and popularity of Cape Town as a world-class general destination of choice,” Moraitis said.
Global destinations for remote workers
Dubai in the United Arab Emirates (UAE) has kept its lead position on the index for the second consecutive year. Abu Dhabi which is also in the UAE ranked in second place, moving up from the fourth spot.
“Dubai and Abu Dhabi are incredibly appealing to executive nomads, because they offer everything you need to thrive both personally and professionally, from modern infrastructure to high quality of life,” Andrew Cummings, head of Residential Agency Middle East, Savills said.
Dubai and Abu Dhabi are well known for their tourist attractions and luxury hotels but there is much more to these cities.
Cummings said: “We’ve seen a real focus on creating a lively business environment where there are plenty of opportunities to grow, build networks and make lifelong connections.”
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