South Africans can now invest in luxury apartments and villas in Zanzibar, part of the first of seven phases in a new mega-development and resort to be built along the idyllic Indian Ocean coastline.
Traversing 411ha and incorporating 4km of prime coastline, Zanzibar Amber Resort is a luxury tropical community that will include a vast array of options and facilities.Zanzibar Amber Resort, a Pennyroyal Gibraltar Ltd Development, has appointed the Pam Golding Property group to market the largest premium hospitality investment of its kind in East Africa, allowing non-Zanzibar citizens to buy property.
Purchasers will acquire the residential units on a 99-year leasehold basis, with an option to renew for a further 49 years. Residency is available and can be granted for three years, which is then renewable for a fee.
Traversing 411ha and incorporating 4km of prime coastline, Zanzibar Amber Resort is a luxury tropical community that will include a vast array of options and facilities. These comprise five 5-Star hotels including Ritz Carlton and Anantara Resort, stylish apartments and villas, an Ernie Els Signature 18-hole golf course and clubhouse, gourmet underwater restaurant, a series of man-made islands and a man-made off-shore reef, a luxury marina and super-yacht facility, stylish souk-style mall, dedicated private airport, tropical aqua park, equestrian centre, international school and world-class medical facilities.
Saleh Said, Managing Director of Zanzibar Amber Resort, says Zanzibar Amber Resort will significantly change the perception of the world towards Zanzibar, strategically placing it on the map as a luxury gateway.
Purchasers will acquire the residential units on a 99-year leasehold basis, with an option to renew for a further 49 years. Residency is available and can be granted for three years, which is then renewable for a fee.Zanzibar offers a stable economic and political environment with growth rates of around seven percent, a stable financial sector and lucrative incentive packages to strategic investors. All foreign investors own 100 percent of their businesses and government continues to introduce measures aimed at improving the business environment to ensure profitable business opportunities. Rapid growth in Zanzibar’s tourism sector has seen this account for 27 percent of GDP and between 70 and 85 percent of foreign earnings, and has been identified by government as a strategic growth sector.
Says Dr Andrew Golding, CE of the Pam Golding Property group: “The potential for this world-class development is huge. According to New World Wealth, there are over 11 000 dollar millionaires across East Africa, fuelling the demand for high end goods and services, including high quality housing. East African economic growth continues to outperform the rest of Africa, while the region has been successful in attracting foreign investment in recent years, including the attention of numerous international hotel groups.”
Maintaining its commitment to grow environmentally stable communities, to operate with a lower carbon footprint than any other resort in the world and to sustain community development, Pennyroyal Gibraltar Ltd has committed to best practice standards and methods for this development in excess of $1 billion development in North Eastern Zanzibar.
All leases, environmental clearances, construction permits and approvals have been processed and secured and Pennyroyal is backed with the full support of the President of Zanzibar, His Excellency Dr Ali Mohamed Shein.
For more information on the investment opportunities, visit the website or contact Brian McCurrach of on +27 21 710 1700 or via email.
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