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How Zanzibar is quickly becoming the profitable paradise

Zanzibar: Profitable Paradise

27.08.19

Cosmopolitan in culture, a place of history and abundant natural riches, Zanzibar has captivated travellers and explorers for centuries, drawn by its mystique and charm. Luke Thomas finds out how CPS Tanzania are developing bankable projects on this verdant equatorial island

In recent years, Zanzibar has become a rising tourism star amongst African destinations, its palm-fringed beaches, azure seas and welcoming people proving an irresistible lure to visitors seeking an authentic family-friendly, competitively-priced holiday of eternal sunshine and warm smiles.

Steeped in legend and mystery, a must-see on the wish-list of any dedicated traveller, Zanzibar is a short plane hop from the coast of East Africa, home to the game-rich safari-lands of Kenya and Tanzania. When twinned with a safari, the beguiling mix of African wildlife, melting-pot history and peerless, untouched beaches makes for a unique travel experience, without comparison across the world.

As the island develops, so compelling opportunities for investment arise, and there are few opportunities more attractive, few with greater ROE (return on experience) as well as ROI, than those of this iconic tropical island.

Pioneering, government-sponsored initiatives are opening up the real estate market to responsible developers and discerning investors, keen to own a piece of paradise, and lead the way in emerging markets of tropical opportunity.

However, emerging markets require experienced and accountable visionaries to create value, long-term investors committed to building trust, through partnership with financial, community and government stakeholders, to bring complex projects to fruition.

The proven track record of CPS Tanzania is an example of the steady dedication required to achieve these goals. A privately-owned, Africa-experienced Development Consultancy, CPS has carefully built strong relationships with public and private sectors, community and equity partners to create progressive, sustainable projects that ful­fil the needs of the market. It boasts a broad portfolio of residential developments, luxury hotels and commercial retail outlets, each a landmark development that has set new benchmarks in the region.

The wide spectrum of CPS core competencies are most evident in Fumba Town, its flagship, mixed-use, residential/ leisure development spread along a kilometre of sunset-facing Indian Ocean coastline, a short drive from the historic Stone Town World Heritage Site.

Master planned from the outset with meticulous detail, to guarantee best-in-class, global standards of municipal infrastructure to its residents and buyers, Fumba Town has enjoyed strong sales for each release of its innovative portfolio of efficient, cost-accessible apartments and villas.

Government-backed 99 year leases, granted to foreign buyers of Zanzibari real estate for the ­first time in a unique investment-friendly scheme, have made the design-led apartments, townhouses and villas the best-selling properties in East Africa. The rental potential of affordable living spaces that foster social well-being and cohabitation in a growing tourism destination and business hub like Zanzibar has not gone unnoticed.

Fumba Town’s buyers, residents and investors are particularly drawn to a unique offering of infrastructures; the sustainable urban planning necessary of market-leading developments, a green infrastructure of lush tropical gardens and forested walkways that weave between the neighbourhood communities and a social infrastructure of modern education, healthcare and retail facilities, creating the very best in modern tropical living, beside the shimmering backdrop of the Indian Ocean.

Such robust take-up has unlocked new markets in the Gulf and South Africa, excited by the coming phases of upscale development, as exempli­fied by the recent release of the prestigious, Bustani Villas neighbourhood, set in sea-facing tropical gardens with a private members’ club for use by its residents.

A branded 4* hotel, managed by a global hospitality company, designed by an award-winning Architectural practice is due for announcement soon, accompanied by a limited market release of serviced residences, continuing this trend of investment-friendly, upscale, sustainably planned residences with environmentally-friendly credentials.

The call to ‘Be Fumba’ has never been more irresistible.

www.cps-tanzania.com

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