Construction of Shivo Towers Marks New Era in Zanzibar Real Estate

Construction of Shivo Towers Marks New Era in Zanzibar Real Estate

Shivo Towers, a luxury residential development in Zanzibar, has officially broken ground. Located in Paje, this 9,740 sqm project will feature two towers housing 162 luxury apartments and four exclusive penthouses. Amenities include a communal pool, spa, gym, restaurant/bar, and tropical gardens.

The project, designed in partnership with Muchmore Architectural Design and architect Christian Bonu, represents a new benchmark in sustainable property development. Apartments range from studios to penthouses with private infinity pools, priced between $116,000 and $1.4 million. The development is expected to be completed by 2027.

Shivo Towers has reached early milestones, including environmental assessments and ground investigations. The project has also received an investment certificate from the Zanzibar Investment Promotion Authority (ZIPA), emphasising its role in local economic growth.

Richard Ashby, the entrepreneur behind Shivo Towers, stated, “Zanzibar is really elevating itself as a luxury travel destination, and we have received plenty of interest in these apartments from people living overseas such as the US and Dubai.”

Ashby added, “Zanzibar has become a true gem for international investors. The improved infrastructure and growing flight connections have made it incredibly accessible, but it’s the unique blend of natural beauty and rich culture that really seals the deal. We’re seeing buyers from all over the world who recognise this isn’t just another beach destination – it’s a rare investment opportunity in a truly special place and emerging market.”

Zanzibar’s growing tourism sector has driven a surge in real estate investment. Ashby remarked, “If you consider the cost of building and purchasing a similar type of property in resorts like Barbados or the Maldives, Zanzibar is a very attractive proposition for investors.”

He continued, “There has been a lot of investment in air and road infrastructure on the island, and it is a rapidly surging market in terms of luxury tourism, so the demand is there for these properties making them an ideal investment. Returns on investments from rentals and reselling through value appreciation on property are massively expanding on the island, meaning there has never been a better time to consider investing in property here.”

For more information, visit Shivo’s website at www.byshivo.com and follow their journey on Instagram @shivo_tanzania.

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