On 30 November 2017, phase one of the mixed-use Blue Amber resort in Zanzibar is due to be launched.
The aim of Pennyroyal Ltd, the long-term investor, developer, and manager of the luxury tropical development, is to create a resort that blends contemporary living with world-class hospitality facilities. These include an 18-hole Signature Ernie Els Design Golf Course - the first in East Africa.
The first residential phase will consist of 47 luxury double storey villas, available for sale to both local and foreign buyers.
“For the first time in history, non-Tanzanian residents will be able to invest in property on the tropical island,” says Blue Amber managing director, Saleh Said. “The Blue Amber resort, initially launched early in 2017 as Zanzibar Amber Resort, will enable non-Tanzanian residents to buy residential property in Zanzibar on 99-year leases with the option to extend ownership by 49 years.”
The villas are set within a secure, private estate and are designed to maximise the spectacular views of either ocean, lakes, or golf course. Locally sourced materials such as sand render and coral stone cladding will be used in the construction of the villas, honouring local tradition.
Climate control measures include optimal orientation on the site as well as natural shading and ventilation methods. Villas in phase one are designed with entrances that have an immediate visual connection to the outdoor pool and golf course beyond. Zanzibar is one of the World’s Heritage Sites and has a rich and diverse cultural history. Its main industries are spices, raffia, and tourism, the latter which has grown significantly in the past few years.
“This prestigious new resort development will place Zanzibar on the map as a high-end lifestyle destination offering sound investment opportunities as a year-round permanent residential or rental location”, says Dr. Andrew Golding, chief executive of the Pam Golding Property Group. “Numerous airlines around the globe are now flying daily into Zanzibar. Blue Amber is just an hour’s drive away, making it easily accessible”, he adds.
Another plus for investors is that property owners – as well as their spouses and children under 25 – are eligible for Zanzibar residence permits, and residence status is valid for as long as buyers remain owners.
Zanzibar also offers significant tax benefits for property owners. These include a 15% tax rate on local income earned, no tax on worldwide income, and no capital gains tax, stamp duty or inheritance tax on properties purchased.
Prices for the villas in phase one of Blue Amber range from US$670 000 to US$1.7 million.
For more information, contact Brian McCurrach on 021 710 1770 or via email.
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