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Spice of Life: Zanzibar – the hottest new island paradise for property investors
October 6, 2017Article by Charlotte Seller
Zanzibar – the hottest new island paradise for property investors.
Zanzibar, known as the Spice Island, is a semi-autonomous string of islands some 25-50 kilometres off the coast of Tanzania. It has long been popular with local divers and snorkellers, thanks to its rich offering of coral, dolphins and tropical fish.
Now, the unspoilt island paradise is also attracting keen interest from residential property investors, as an exclusive new gated development springs up on the main island of Unguja.
The Fumba Town Development has properties ranging from three-bedroom duplexes with pools to five-bedroom townhouses with roof decks and ground-level pools. Unguja is a wonderfully unspoilt island and the development is perfect for anyone looking for a peaceful place to escape to.
Spectacular sunsets, secluded sandy beaches, local snorkelling and a mangrove forest provide a wonderful sense of isolation, while fibre-optic internet, an on-site security team and a host of amenities take care of practical needs.
“Zanzibar is one of those wonderful locations that is on the cusp of being ‘discovered’ by international tourism, but currently remains almost untouched,” says Ray Withers, CEO, Property Frontiers. “Tourism figures are rising and it enjoys the strong stability of the Tanzanian economy in the background, which adds significant weight to the potential of the investment.”
The first homes at Fumba Town will be completed by mid-2018.
Investors looking to get ahead of the curve can purchase them now, with three-bedroom duplexes priced from $159,900 and five-bedroom seafront townhouses starting from $289,900
>> Full article from CityJet’s in-flight magazine, Velocity
>> Click here for more information on Fumba Town, Zanzibar