One off Apartments for Sale in Zanzibar At Shivo Towers: Setting New Standards for Luxury Living

In the idyllic tropical beach destination of Paje, Zanzibar, an extraordinary new development is taking shape – Shivo Towers, a pair of striking residential apartment buildings that are set to revolutionise luxury living on the island and one of a kind properties in Paje.

Conceived by British property developer Richard Ashby and crafted by the renowned Italian architectural firm Much More, this ambitious $46 million project promises to be a true masterpiece of contemporary design and opulent amenities.

Penthouse apartments for sale in Zanzibar at Shiv

At the heart of Shivo Towers are two elegant 45-metre towers comprising 162 meticulously designed residences, ranging from stylish studio suites to lavish three-bedroom apartments and breath-taking penthouses with infinity pools.

Each of these apartments for sale in Zanzibar is a masterclass in luxurious living, with certain apartments offering soaring eight-metre ceilings, mezzanines, expansive private balconies, and exquisite Italian-inspired interiors and landscaping that exude sophistication and refinement.

Pricing starts at $120,000 for 34 sq m studio suites including balcony. With excellent potential rental yield projections for investors, as buyers will be able to cash in on the amenities of the building which will be top class and some of the best communal amenities and service of any apartment building in Tanzania, easily rivalling neighbouring countries and with London style services.

1 Bedroom apartments for sale in Zanzibar(1)

Rentals for even the lowest cost studio suites will be approximately $260 per night similar to luxury hotel rooms, which equates to $5,460 pcm or $64,610 per annum based on approximately 70% occupancy rate on a 30-day average. A cool 61.53% ROI over 3 years with annualised ROI of 17.33% with an investment gain of $73,830 in 3 years. (Note: property management costs of 25-35% and taxes etc not included).

Residents of Shivo Towers will enjoy an incomparable array of world-class amenities and services typically found in the finest urban residences helping to establish justified rental rates.

A stunning huge communal pool serves as the centrepiece of the lush tropical gardens, complemented by a state-of-the-art fitness centre, indulgent spa facilities, and a classy restaurant and bar. For those seeking a seamless work-life balance, the development offers peaceful co-working spaces and a host of concierge services, including porter assistance and room service from the on-site eatery.

Positioned just steps from the white powder-soft sands of Paje Beach, Shivo Towers offers a rare opportunity to combine the prestige of an ultra-luxury lifestyle with the serenity of a pristine second-line beachfront location.

This fusion of city-style indulgence and island tranquillity is unmatched in Zanzibar and has never been done, promising residents an elevated standard of living that is truly second to none and a favourable unique investment opportunity delivering exclusivity.

With investor interest in Zanzibar surging and tourism figures skyrocketing, the timing for Shivo Towers could not be more prime, along with highly appealing rental or resale opportunity for investors.

The 2023 annual tourism release, from the Office of the Zanzibar Chief Government Statistician reports that Zanzibar recorded 638,498 international visitors in 2023 which is an increase of 16.4 percent compared with 548,503 visitors recorded in 2022.  This constant growth since 2019 and breaking new records for Zanzibar signifies promising hopes for investment in Zanzibar real estate.

Zanzibar Apartments for Sale studio suite

As CEO of Shivo (SMC Private) Limited, Richard Ashby notes, “We are taking luxury real estate to the next level in Zanzibar – nothing like this has been tried on the island before.” Shivo Towers is poised to become an iconic new landmark, ushering in a new era of sophisticated living and raising the bar for luxury development in this enchanting East African paradise.

With tourism growing year on year and Zanzibar rated the 2nd best Island destination in the world from a recent report by Bounce, as well as awarded the number one African beach destination in 2022 by the World Travel Awards, the opportunity in Zanzibar for investment is limitless.

As this project progresses, we will be sure to keep you up to date on our social media, website and blog. Building is expected to begin within months with 13 apartments already sold as of 21/05/2024, reserve yours now and reach out for more information, so as not to miss out on our exclusive apartments for sale in Zanzibar.

Apartments for sale in Zanzibar