Shivo Towers, a luxurious new apartment complex in Zanzibar, has officially commenced construction. Spanning a 9,740 sqm plot in Paje, the development will feature two towers comprising 162 high-end apartments and four penthouses. Residents will enjoy premium amenities such as a pool, spa, gym, restaurant/bar, and lush landscaped gardens.
This ambitious project, a collaboration between Shivo, Muchmore Architectural Design, and architect Christian Bonu, sets a new standard for sustainable property development in Zanzibar. Apartment options include studio suites, one- and two-bedroom apartments, and penthouses with private infinity pools, with prices ranging from $116,000 to $1.4 million.
Scheduled for completion in 2027, Shivo Towers has achieved key milestones, including ground investigations and environmental assessments. The project also received an investment certificate from the Zanzibar Investment Promotion Authority (ZIPA), underscoring its economic and environmental significance.
Richard Ashby, the visionary behind the project, remarked, “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.”
He 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 flourishing tourism sector has fuelled a growing demand for luxury real estate. Ashby noted, “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.
