The Pam Golding Property group has been appointed to market luxury apartments and villas in the first phase of the groundbreaking Zanzibar Amber Resort, a world-class beach, golf and hospitality resort situated on the prime north-eastern coast of Zanzibar, just off the Tanzanian coastline. With a total capital investment of $2 billion, when completed this will be the largest hospitality investment and resort in East Africa.
Traversing 411ha incorporating 4km of prime Indian Ocean coastline, and developed by Pennyroyal (Gibraltar) Zanzibar Ltd, the seven-phase Zanzibar Amber Resort is a luxury tropical community that will include a vast array of options and facilities. These comprise five 5-Star hotels including Ritz Carlton and Anantara Resort, stylish apartments and villas, an Ernie Els Signature 18-hole golf course and clubhouse, gourmet underwater restaurant, a series of man-made islands and man-made off-shore reef, a luxury marina and super-yacht facility, stylish souk-style mall, dedicated private airport, tropical aqua park, equestrian centre, international school and medical facility – all within a single resort environment.
With ground already broken, this major development, which has the stamp of approval from the Zanzibar government, will create approximately 5 000 jobs during construction and permanent employment for a further 5 000 staff. A strong emphasis will be on ‘green’ building, a minimised footprint and environmental sustainability.
Says Dr Andrew Golding, CE of the Pam Golding Property group: “With our established credentials and success in selling prime Indian Ocean Island real estate in the luxury Eden Island resort development in Seychelles as well as numerous other successful large projects in Mauritius, we are delighted to have been selected from the global real estate community to market the residential component in Zanzibar Amber Resort.
“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.
“With numerous airlines around the globe flying daily to Zanzibar to historic Stone Town, Zanzibar Amber Resort is just an hour’s drive away, making it easily accessible.
“Ideally suited for leisure use, we anticipate the residential offering – which will include fully serviced villas linked to iconic 5-star world renowned hotels plus an additional range of luxury villas and apartments – will attract buyers from South Africa, East Africa – mainly Kenya and Tanzania, the Middle East, China, Western as well as Eastern Europe.”
Purchasers will acquire the residential units on a 99-year leasehold basis, with an option to renew for a further 49 years. This is the first opportunity for non-Zanzibari to legally own titled land on the island. Residency is available and can be granted for three years, which is then renewable for a fee.
Construction of the resort has been awarded to Metallurgical Corporation of China, a Chinese Fortune 500 company which was responsible for the Bird’s Nest Stadium in Beijing.
Already renowned as one of the leading tourism destinations in the Indian Ocean, the exotic and idyllic Zanzibar – one of the World’s Heritage Sites, has a rich and diverse cultural history.
Adds Dr Golding: “The potential for this world-class development is huge. According to New World Wealth, there are over 11 000 dollar millionaires across East Africa, fuelling the demand for high end goods and services, including high quality housing. East African economic growth continues to outperform the rest of Africa, while the region has been successful in attracting foreign investment in recent years, including the attention of numerous international hotel groups.”
Saleh Said, Managing Director of Zanzibar Amber Resort says: “We are pleased to partner with the Pam Golding Property group as their reputation in the industry is one of the highest levels. Zanzibar Amber Resort will significantly change the perception of the world towards Zanzibar, strategically placing it on the map as a luxury gateway, and we believe that Pam Golding Properties will be able to help us achieve this goal.”
Zanzibar also offers a stable economic and political environment with growth rates of around seven percent, a stable financial sector and lucrative incentive packages to strategic investors. All foreign investors own 100 percent of their businesses and government continues to introduce measures aimed at improving the business environment to ensure profitable business opportunities.
Rapid growth in Zanzibar’s tourism sector has seen this account for 27 percent of GDP and between 70 and 85 percent of foreign earnings, and identified by government as a strategic growth sector.
For further information contact Brian McCurrach of on +27 21 710 1700 or [email protected] .