HOT PROPERTY: Own a private Island in Zanzibar for $5m
WHERE: Zanzibar Amber Resort, Zanzibar
Construction will soon begin on the luxury Zanzibar Amber Resort, the first development of its kind to offer foreigners the opportunity to acquire a titled property on the popular Indian Ocean island off Africa’s east coast.
Situated on 638ha, with direct access to a 4km stretch of coastline, the resort offers premium residency options, from penthouse condominiums to beach-side villas and private islands. Ownership is structured with a 99-year lease, which is extendable by a further 49 years.
The development, which is a short drive from Zanzibar International Airport, will be home to the first Ernie Els-designed signature golf course in East Africa.
Developer: Pennyroyal Gibraltar