[2][3][4] The neighborhood is located in the City Bowl region of Cape Town, adjacent to the central business district (CBD) on the southeastern end of Somerset Road.

To the south, it is neighbored by the historically Cape Malay neighborhood of Bo-Kaap.

[4] De Waterkant is popular among young professionals and tourists, and contains numerous niche restaurants and retailers.

[2] Cape Town is a historically very friendly and welcoming city for members of the community, and is known as the Gay Capital of Africa, being a popular LGBTQIA+ tourist destination.

[7][2] The annual Cape Town Pride parade starts in De Waterkant, with a ribbon cutting ceremony, followed by a march to the Green Point Track grounds, for Pride-related festivities.