Construction has begun on Shivo Towers, a luxury residential development in Zanzibar that combines modern design with sustainability. Situated on a 9,740 sqm plot in Paje, the complex will include two towers, offering 162 high-end apartments and four exclusive penthouses. Residents will enjoy premium amenities such as a pool, spa, gym, restaurant/bar, and tropical landscaped gardens.
The project is a collaboration between Shivo, Muchmore Architectural Design, and renowned architect Christian Bonu, setting a new standard for eco-friendly development on the island. Apartments range from studio suites to penthouses with private infinity pools, priced from $116,000 to $1.4 million. Completion is expected by 2027.
The development has already reached key milestones, including ground investigations and environmental assessments. Shivo Towers also received an investment certificate from the Zanzibar Investment Promotion Authority (ZIPA), reinforcing its commitment to local economic growth.
Richard Ashby, the visionary entrepreneur behind Shivo Towers, shared, “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 continued, “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.”
The island’s booming tourism sector has created significant demand for luxury real estate. Ashby added, “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 concluded, “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.
