Coen Welsh | Nov 14, 2017 | 0
Zanzibar luxury resort brings new meaning to “House by the Sea”
For the first time in history, foreigners can now obtained tenure to a villa in Zanzibar but it is for the well-heeled only. To market this exclusive opportunity, the project developers, Pennyroyal Gibraltar Ltd has appointed the Pam Golding Property Group. Namibians who see their own exclusive abode on Zanzibar as the ideal house by the sea, only need to contact one of the local Pam Golding agents.
The Zanzibar Amber Resort is set to be the largest premium hospitality investment and resort in East Africa. The new owners will acquire the residential units on a 99-year leasehold with an option to renew for a further 49 years. Residency is available and can be granted for three years, which is then renewable for a fee.
The 411 hectare Zanzibar Amber Resort offers four kilometres of pristine coastline, a private airport, five 5-star hotels, top-tier schools, an Ernie Els golf course, water park, underwater restaurant, a luxury marina and super-yacht facility, stylish souk-style mall and much more, according to the developers.
The Pam Golding Property Group will market the luxury apartments and villas to be completed as part of the first of seven phases in the mega-development.
Saleh Said, Managing Director of Zanzibar Amber Resort said “Zanzibar Amber Resort will significantly change the perception of the world of 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 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.
“Maintaining its commitment to grow environmentally stable communities, to operate with a lower carbon footprint than any other resort in the world and to sustain community development, Pennyroyal Gibraltar Ltd. has committed to best practice standards and methods for this development in excess of US$ 1 billion. All leases, environmental clearances, construction permits and approvals have been processed and secured and Pennyroyal is backed with the full support of the President of Zanzibar, His Excellency Dr Ali Mohamed Shein” Pennyroyal stated.
Pictured are Dr Andrew Golding (left), Chief Executive of the Pam Golding Property Group and Saleh Said, Managing Director of Pennyroyal Gibraltar, the developer of Zanzibar Amber Resort. Pam Golding Properties is marketing the residential offering in this prestigious new development.