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Cape Town City Bowl

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Victoria & Alfred Waterfront

Since the Victoria & Alfred Waterfront became the number one tourist attraction in the early 1990s, many locals have retreated to the city center. The Waterfront is one of South Africa's most successful investments. In September 2006, a British-Arab consortium with the participation of a government-owned investment group from Dubai acquired the Victoria and Alfred (V&A) Waterfront in Cape Town for around 1.3 billion US dollars.

The Waterfront has had and continues to have a magnetic effect on the city center of Cape Town. At the beginning of the 1990s, it massively attracted business people and tourists, ensured that Cape Town became even more popular with travelers and promised - mostly rightly - more security. Even the 1998 bomb attack on the Planet Hollywood restaurant could not scratch this image. 270 stores, over 50 restaurants and "food stalls", 10 pubs, 7 hotels, 11 cinemas, 6 museums, hundreds of offices, luxury apartments on the marina north of Victoria Wharf and on New Basin - costing between 900,000 and 10 million rand - and still the flair of a harbor make this area northwest of the actual city center one of the main attractions in South Africa. No other place in the country is visited by more people - over 25 million a year!