Construction Zanzibar Amber Resort has resumed and completion of the first phase is scheduled for end of 2022, according to Manager Murtaza Hassanal and the project director of the Pennyroyal (Gibraltar) limited Saleh Mohamed Said.
“We had unavoidable problems which contributed to the delay of the project. For example, we were supposed to get our lease in 2015, but it was not possible until late 2018,” Said explained.
The director said the first phase of this project includes construction of a 5-star hotel with at least 50 rooms and a four-room presidential suite, recreational centre, golf course and 60 modern houses for sale in the area.
The houses will be sold based on square metres and each square metre will cost U$1600, adding that the construction work has created about 700 employment opportunities.
“But it is unfortunate that most of the local youths or residents in the area shun manual work such as masonry,” he said.
The project also includes construction of luxury villas, and that the total area of the project to be implemented in phases, measures 411 hectares.
” We have started receiving insufficient sand for the project. We requested for 15000 tonnes but we received 4000 tonnes on phase one,” he said.
Opening of Zanzibar Amber Resort—a 3,756-acre luxury resort expected to be East Africa’s largest to date—was supposed to be in 2020.
This luxury development has been hailed by many as not only being the largest luxury property in Africa (spanning some 3,756 acres across Zanzibar), but as also being the very first to offer non-residents the opportunity to buy vacation homes within.
The $1.6billion project, will be developed strategically in five phases over the next 15 years and will create some 5,000 jobs during construction and 5,000 others permanently.
Besides a private airport, a world-class medical facility and a private international school, the development will also offer permanent residences such as 1,914 luxury villas and 3,440 penthouse apartments priced at $700K to $10 million; all of which the developers boast will have no inheritance tax, no capital gains tax, low corporate tax on local income and a very low two to three percent transfer tax.
Developed by Pennyroyal Gibraltar Limited, this tropical community boasts a number of luxury facilities, such as East Africa’s first championship Ernie Els-designed golf course, five global leading hotels (including the Ritz Carlton and Anantara), a deep water marina, aqua park, underwater restaurant and nightclub, glamorous souk dedicated to promoting local goods and music, equestrian center plus super-yacht facility.
But there’s more to this $1.6-billion project, which will be developed strategically in five phases over the next 15 years, according to Saleh Said—Managing Director of the Zanzibar Amber Resort.
Among the most impressive offerings besides a private airport with a 9,842-foot runway, a world-class medical facility and a private international school, are permanent residences such as 1,914 luxury villas plus 3,440 luxury and penthouse apartments priced at $700K to $10 million.
With strong governmental support, the duty-free retreat boasts residency with no inheritance tax, no capital gain tax, low corporate tax on local income and a very low two to three percent transfer tax, according to the managing director.
