Richard Ashby is building Shivo Towers – the island’s first portered luxury apartments with room service from a high-end restaurant, huge communal pool, spa, gym, co-working space and vast manicured tropical gardens overlooking the ocean in Paje.
Ashby says that infrastructure improvements have transformed Zanzibar from a back-packers’ haven into a new luxury destination for well-heeled travellers.
Better roads and services have created an ‘easy paradise’ similar to the high-end Caribbean destinations and that is attracting wealthier property investors.
Ashby, founder and CEO of Shivo Tanzania, said: “Shivo Towers is a new landmark for the whole of Zanzibar – world class penthouse living coming to the island for the first time. This is Manhattan-style luxury in East Africa.
“It has been made possible by the huge structural improvements which have happened on the island in the last five years.
“Everywhere you look it is better – beautiful new tarmacked roads in place of the old potholes and huge investment in basic infrastructure.
“Older people looking for the ‘easy paradise’ they can find in winter sun destinations such as Maldives and the more exclusive parts of the Caribbean can now get the same luxury comfort in Zanzibar.
“They are still here enjoying the gorgeous white sands and the tropical paradise but there is a whole new class of traveller who is coming to the island expecting the very best luxury accommodation and Shivo Towers has been built for them.”
Land prices have shot up by 400% in Zanzibar in the past three years as other developers join Ashby in catering for this new class of tourist.
Ashby left London for the Indian Ocean holiday hotspot to escape Covid restrictions five years ago – and this is his second real estate project.
Investors can make a 66% return in the booming winter sun destination which is a third of the price of Dubai or the Caribbean and has been dubbed ‘the new Maldives’.
Shivo Towers has been designed by the renowned Italian architectural firm Much More, based in Dubai, London and Milan and led by director Christian Bonu.
Ashby, who lives on the island, said: “The development embodies Italian contemporary design while taking inspiration from the natural world and the surrounding landscape of Zanzibar.”
The two towers will have four penthouses, each with an asking price of $1.25 million, but there will also be more affordable entry-level studio suites starting at $120,000.
In total there are 162 units in the development and 30 have already sold.
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