Real Estate Development

Demand for real estate for residential, industrial and commercial purposes is on the rise in Zanzibar. According to a 2017 Africa Report by Knight Frank, Tanzania and Zanzibar make one of the few African countries that have maintained more than 5% GDP growth for the last five years, and is experiencing growth in private consumption and investment. With a burgeoning middle class and improving income levels, there is increasing local demand for real estate. With the island’s strategic location, and with non-national investors allowed to own property in Zanzibar, demand has increased exponentially opening more opportunities in the sector.

INVESTMENT OPPORTUNITIES

• Luxury and low cos Housing estates and apartments
• Commercial buildings
• Shopping malls
• Mixed use developments
• Development of mini cities
• Construction of Exhibition and Convention Centre (PPP)
• Construction of ZIPA Business Tower through concession arrangements