Resort complex with apartments, chalets and villas, Paje

Overview

A mixed-use resort complex in Paje, one of Zanzibar's most popular tourist areas, about 100 m from the ocean. Managed by Shivo; architecture by Much More (Dubai). - Price from $76,538 (studio, 39.76 m²) - Studio on floors 6–8 — from $90,454 - 1 bedroom, 59.76 m² — from $115,038; on floors 6–8 — from $135,954; Large 1BR, 127.5 m² — from $245,437 - 2 bedrooms, 74.76 m² — from $143,913; Large 2BR, 122 m² — from $234,965 - 3-bedroom chalet with a mezzanine, 102 m² — from $285,964; Chalet A (2 bedrooms, 118 m²) — from $332,080; Chalet B (3 bedrooms, 153 m²) — from $429,800 - Lagoon Villa with a pool, 37.68 m² — from $158,256 - Penthouse with a private pool, 252 m² — from $636,955 - Deposit $4,000 (apartments) or $6,000 (villas); down-payment options of 20/30/40% with a 10/20/30% discount, or a 5-year instalment plan at 12% a year on the list price, paid in TZS - Completion date to be confirmed - Land in Zanzibar is leased to foreigners on a long-term basis (leasehold); confirm the terms and length before buying. Yield and timelines are the developer's expectations, not a guarantee. Price from — for a studio; the penthouse with a private pool from $636,955. 10–15% and above expected annual yield — the developer's forecast; depends on occupancy and unit type

Highlights

Mortgage

No

Location

Paje, east coast of Zanzibar, Zanzibar (Tanzania)

Legal and purchase notes

Prices, availability, yields and payment plans are subject to change. Any rental income or capital growth figures are illustrative and do not constitute a guarantee. Clients should obtain independent legal, tax and financial advice before making a purchase decision.