AN EXCLUSIVE

TROPICAL

HIDEAWAY

Located in Matemwe on the North Eastern coast of Zanzibar in Tanzania, Blue Amber is Africa’s leading leisure destination and Zanzibar’s premier island resort. Appointed across 410 hectares (1013 acres) of tropical landscape with 4 kilometers of prime Indian Ocean coastline, Blue Amber is the largest resort development of its kind in Africa and recognised as a strategic investment project in Tanzania. Scheduled to open in phases from 2021, the resort will feature leading global hotel brands, luxury residential homes, world-class amenities and East Africa’s first Signature Championship golf course.

The

Opportunity

Blue Amber’s real estate portfolio reflects the same ambition as the rest of the development, offering a select few a stable of property opportunities in which to invest. The phase 1 development, currently underway, is located on the South Eastern boundary and incorporates a variety of off-plan villa types for sale, a leisure centre and a beach restaurant, with breathtaking views of the Indian Ocean.

Blue Amber also offers its buyers an optional, fully integrated property management service to oversee and manage their property when they are away or let them to suitable tenants for the very best rents available in the market.

2 Bedroom Pool Villa

STARTING FROM

197 125 USD

Type Living Area Total Size Availability Features
2 BED 2 BATH VILLA 199.3 m2 Available 2 x Bedrooms
2 x Bathrooms
Pool
Roof Terrace

Double Storey 2 Bedroom Pool Villa

STARTING FROM

201 000 USD

Type Living Area Total Size Availability Features
2 BED 2 BATH VILLA 156.5 m2 Available 2 x Bedrooms
2 x Bathrooms
Pool

Double Storey 3 Bedroom Pool Villa

STARTING FROM

319 000 USD

Type Living Area Total Size Availability Features
3 BED 3 BATH VILLA 230.8 m2 Available 3 x Bedrooms
3 x Bathrooms
Pool

Premium Double Storey 3 Bedroom Pool Villa

STARTING FROM

411 000 USD

Type Living Area Total Size Availability Features
PREMIUM 3 BED 3 BATH VILLA 283.2 m2 Available 3 x Bedrooms
3 x Bathrooms
Pool

WHY

ZANZIBAR?

WATCH VIDEO

YOUR

INVESTMENT BENEFITS

New tax and residency benefits for real estate buyers

  • No Income tax on worldwide income and wealth
  • Resident permit for VILLA buyer plus Partner and up to four children under 20 years of age
  • First buyer pays only 50% of normal capital gains on sale of unit, at 5% instead of 10%
  • Foreign ownership allowed
  • Registration of ownership to be done by Zanzibar Investment Promotion Authority (ZIPA)
  • No VAT on unit rental or sales
  • Income tax is halved only on local income, 15% instead of 30% (applicable to foreigners only)
  • Repatriation of profit is allowed after tax
  • Residence permits are only valid for the duration the buyer owns the property (renewable every two years at $3050 for the main investor and $550 for each dependent)
  • No work permit is given, but may be applied for separately by the employer
  • No minimum stay is required to claim benefits

FREQUENTLY ASKED

QUESTIONS

Blue Amber is a mixed-use, waterfront, resort development which incorporates residential, hotel, tourism, as well as community facilities and public amenities within its uses.

Construction work on site started in 2020 with the commencement of the visitors centre and first phase resort and villas.

Pennyroyal Limited, an SVP created specifically to undertake the development, is the long-term investor, developer and manager of Blue Amber. The International Stakeholder of the project, is the founder and substantial shareholder of St Paul’s development’s in the UK and Poland with 50+ years experience in large scale civil engineering and infrastructure projects.

Blue Amber will be executed in several phases. Phase one involves the construction of the Shirazi Resort and Villas, a leisure centre and beach restaurant, all due for completion in the next 2 years. Phase 2 involves the construction of further residences, retail sub-projects and a golf course, expected to commence towards the end of 2022.

In terms of how Blue Amber differs – it is the first project to be awarded the Strategic Investor status by the Government of Zanzibar which provides the project with attractive terms for both development and residential investors. It is a diversified project and the largest investment of its kind in Africa, incorporating, residential, hotel, tourism as well as community facilities and public amenities within its uses. Blue Amber is unique in its approach to its commitment to the highest quality of integrated mixed use development - the direction has been led by a detailed master plan that addresses the variety of land uses that are necessary to create a vibrant and commercially sound development.

All of those things make Blue Amber the best practice example of mixed-use project design and economic opportunity associated with this form of development.

Zanzibar is emerging as an attractive opportunity for new investment. Blue Amber is assisting with this initiative by bringing in foreign investors and partnerships committing to a shared vision with the existing community and the future community.

Zanzibar’s offshore property market only recently opened to foreigners for the first time. Blue Amber paved the way in this regard – non-Tanzanian residents will now be eligible to buy property within the development and will receive a host of attractive tax and residency benefits.

Blue Amber offers attractive tax concessions and other benefits for business investors and residence owners – these include:

New tax and residency benefits for real estate buyers:

1) No Income tax on worldwide income and wealth
2) Resident permit for VILLA buyer plus Partner and up to four children under 20 years of age
3) First buyer pays only 50% of normal capital gains on sale of unit, at 5% instead of 10%
4) Foreign ownership allowed
5) Registration of ownership to be done by Zanzibar Investment Promotion Authority (ZIPA)
6) No VAT on unit rental or sales
7) Income tax is halved only on local income- 15% instead of 30%(applicable to foreigners only)
8) Repatriation of profit is allowed after tax
9) Residence permits are only valid for the duration the buyer owns the property (renewable every two years at $3050 for the main investor and $550 for each dependent)
10) No work permit is given, but may be applied for separately by the employer
11) No minimum stay is required to claim benefits

Business investors wanting to invest in ventures such as restaurants, bars, watersports and retail operations will receive similar benefits as real estate investors through approved “Strategic Investment” projects only.

New tax and residency benefits for business investors:

1) Foreign ownership is allowed
2) No business licence fees for the first three months
3) Company tax: Income tax free for first five years. After the first five years: 50% (Income Tax is 30% so it will only be 15%)
4) Repatriation of profit allowed after tax
5) 100% exemption on withholding tax on interest paid to foreign banks
6) Deduction of depreciation rate of 100% within five years
7) Residence and work permits for investor and employees.

Blue Amber offers buyers a variety of premium residential investment options within its phase 1 development. These include 2, 3 and 4 bedroom villas, all with their own private pools and walking distance to the beach.

Investors buying villas in the resort, can also participate in our optional rental pool program, which allows you to get an attractive rental income. Our professional Management Company, Newmark Hotels will handle the accommodation and guest services on behalf of the owner. The owner then receives income from the actual renting out of the villa.

Blue Amber also provides opportunities for business investors wanting to invest in ventures such as restaurants, bars, watersports and retail operations.

  • Opportunity to generate revenue on your investment when you are not using it yourself
  • A full-service management program
  • An experienced international management team to oversee your property at all times
  • No rent competition amongst owners within the resort
  • Rental pool units to be operated as hotel resort villas
  • An expected 10% return on your investment / rental yield, net of expenses
  • Semi-annual payments
  • Shared expenses with other home owners in the rental pool
  • Villas will be fully serviced, maintained and cleaned while you are away
  • Financial and revenue management services
  • A central reservation system connected to a global network
  • A professional marketing team focused on the promotion of the resort villas

  • Expected Return on Investment (ROI): 10% to the buyers.
  • Profit split will be 60% to the buyer and 40% to the management company.
  • Profits are calculated after deducting all operating expenses and taxes from the income received from villa rentals. The split will be calculated on net profit after tax.
  • The amount distributed to each villa owner will be calculated based on the villa owner’s purchase price of his/her villa in relation to the aggregate purchase price of all the villas participating in the rental pool.
  • 2% of net profit after tax will be reserved in an investment account for future replacement requirements of the villas participating in the rental pool structure, therefore the net distribution to the owners will be 58% on a semi-annual basis (i.e. every 6months).
  • DSTV, electricity, water and internet will be part of rental pool operating expenses. Not charged separately.

    The villa rental periods are defined as follows:

    Peak= January, August and December
    Low = May and June
    High = remaining months

    1. Management contract to be signed for minimum duration of 2 years.
    2. Each villa owner receives 30 days per calendar year for usage of their unit, which is not accumulative, and not transferrable to another calendar year.
    3. Each villa owner is entitled to use their full 30 days uninterrupted, except during the Peak period whereby the owner is allocated only 14 days at a time in the defined peak months.
    4. No daily levy for usage is applied when an owner decides to use his/her villa for the allocated period.
    5. When using your annual free days, your profit share for that period will be deducted proportionately based on your days stayed during that period (In other words if you choose to take up peak periods for your usage, your loss in profit share will be relative to that particular peak month).
    6. To participate in the program, it is necessary to purchase a full standard furniture package from the developer.

The service fees are charged based on USD 48 per sq m annually on the gross internal area of the villa. It is a fixed fee per year paid annually upfront.

Villa TypeGross Internal Area (sqm)Service Fee (USD)
2 Bedroom Pool Villa103.804,980
2 Bedroom Double Storey Pool Villa105.805,078
3 Bedroom Double Storey Pool Villa167.708,050
Premium 3 Bedroom Double Story Pool Villa194.109,320
Premium 4 Bedroom Double Story Pool Villa225.6010,830

  • Household Waste
  • Sewage Infrastructure
  • General Maintenance & Service Equipment
  • Site Clearance & Grading
  • Corporate Social Responsibility
  • Internal Resort Roads
  • Perimeter Security Wall
  • Public Landscaping: Hard & Soft
  • Villa Pool Cleaning
  • Villa Gardening included
  • Building Insurance

All villa owners (within the rental pool or not) will be charged a sublease fee for land rent, calculated at USD 2per sq m annually upfront:

  • Villas on rows 4, 5 and 6 where the plot size is 450sqm, the fees per year will be USD 900.
  • Villas on row 3 where the plot size is 540 sq m, the fees per year will be USD 1,080
  • Villas on row 1 and 2 where the plot size is 594 sq m, the fees per year will be USD 1,188
  • Home owners who have entered their villa in our rental pool program will automatically receive cover for all assets and household contents in the case of a burglary or any damages.

    For villas not in our rental pool program, buyers will have the option to purchase these covers separately:

    • Insurance on assets and contents (i.e., furniture, machinery and equipment): Expected Premium charge will be between 0.2% to 0.5% of the values insured.
    • Insurance against burglary (theft) of the assets: Expected Premium charge will be between 0.2% to 0.5% of the values insured.

    The development will offer an array of world-class facilities, amenities and activities, including:

    • A Mediterranean-inspired beach restaurant
    • A leisure centre with a variety of restaurants, wellness facilities and retail stores.
    • A watersports centre
    • An arrival / welcome centre
    • A golf course (phase 2 development)

    Buyers not wanting to join the rental pool programme will incur the following charges:

    • Service fees: USD 48 per sq m annually on gross internal area (fixed fee per year – paid annually upfront)
    • Land sublease fees: USD 2 per sq m of the gross plot area paid annually
    • Water and electricity will be charged based on consumption (monthly)
    • DSTV and internet costs will be optional

    The resort will not be undertaking any activities that would affect the natural rhythms of nesting turtles and systems / projects will be put in place aided by our environmental consultant ensuring such protection is upheld.

    Blue Amber has imposed a 30m – 10m setback from the back of beach / cliff edge respectively, to help maintain the integrity of the intertidal area, offering a landscape buffer to resist erosion and sedimentation.

    Beach-cleaning initiatives are already being implemented, both along its coast and at nearby villages to encourage a safe environment for local fauna.

    ABOUT

    ZANZIBAR

    Zanzibar Island (Unguja) is located a few degrees South of the equator, 39km East of the quiet Republic of Tanzania – a short, direct flight with a carrier or charter, or via connecting flight from a major travel hub. The island is a veritable all-year paradise – from its April monsoon season to its June-October golden window, before warming up again towards year-end. On its Western shores is its capital, Stone Town, a place rich in influence. Historically a fishing and agricultural hub, Zanzibar’s true gift is its cashmere soft sand and bright cobalt waters. Beyond the sand and sea, Zanzibar’s romantic spice plantations offer equal natural wonder.

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    ADDRESS

    Pennyroyal Ltd.
    P.O. Box 866, Stone Town, Zanzibar,
    Tanzania


    PHONE

    +255 779 55 99 66


    EMAIL

    info@blueamberzanzibar.com



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