The Story

The design of Fumba Town as a Supporting Town for Zanzibar Town is catering for the fast-growing demand for homes due to the strong growth of population and economy in Zanzibar. The number of people in the Urban West Region is growing with 6,1% per year, of which 4% has a migration background of people coming to work in Zanzibar’s fast-growing tourism industry. Fumba Town is master-planned with an inclusive concept offering modern homes and services like shops, schools, medical facilities as well as recreational facilities for a broad spectrum of the middle-class.

The project’s location just south of the International Airport of Zanzibar on a plot of 600,000 m2 with a 1,5 km seafront makes it a unique and excellently accessible site for a new town in Zanzibar.

The target is to build approximately three thousand residential units in three phases. Parallel to that the 180,000 m2 commercial land bank will be developed, offering services and business as well as work opportunities for the residents of the Town and Zanzibar in general.

The unique mix of modern, high-quality and affordable houses based on permaculture principles and state-of-the-art infrastructure are some of the essential factors which have made this project a success and the fastest-selling real estate development in Tanzania.

Today more than 55% of Phase 1 with over 1,000 residential units are sold and under construction. More than 490 units are completed as of February 2023 and handed over to homeowners of which the owners or tenants already occupy many. The total sales volume of Phase 1 is 135 M USD (net sales volume of the entire project is estimated at over 400 M USD), and unit prices are starting at 12,500 USD for a studio apartment to 528,900 USD for 5 Bedroom standalone Villa. Rates of the units offered have appreciated by an average of 15% per year, which, together with the already achieved return of 8% from rental income generates attractive returns for home buyers and investors alike.

The second phase will focus on the commercial development with the Fumba Town Boulevard and Piazza on the Seafront at its heart, together with a Hotel, Retail and Class A commercial mixed-use space. The first Commercial Centre, the Pavilion, catering for the primary residence opened in 2022 and is fully operational with different services and shopping facilities offered.

The third phase is then again, predominantly residential with the approximately same size as Phase 1.

Facts about FT

Figures are subject to change. As of February 2023

Area / Location:

Fumba Town is situated in the urban west part of Unguja also known as Zanzibar Island, 15 km south of the Zanzibar International Airport and 20 minutes drive to the well known World Heritage site – Stone Town.

Fumba Town is being developed on 149 acres sized pieces of land on the Fumba Peninsula with a 1.5km beautiful seafront stretch.

Number of units to be built:

Fumba Town is anticipated to build a community with more than 3000 units, offering a wide range of options from budget-friendly apartments to luxurious villas

Number of units under construction:

Over 700 units of Phase 1 are currently under construction or have been completed

Number of units completed:

Fumba Town has successfully completed a total number of 366 units

House and unit types

Prices:

The project provides an extensive variety of unit types, floorplans, and significantly meets the needs, demands, and financial states of each home buyer. The prices range as low as $12,500 to $399,900

Nationalities represented:

The town has thrived to cater equitable modern living solutions to more than 52 nationalities from all over the world

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The Story of The Soul

The Soul is a fully serviced, residential-leisure facility situated in the midst of Zanzibar’s beautiful and exotic East Coast. Surrounded by lush greenery and soft ocean breezes, it’s goal is to provide ultimate relaxation for the modern globe-trotter, island hopper or seekers of paradise.

Facts about The Soul

Area / Location:

The project is located on the Eastern side of Unguja (Zanzibar) island, a one hour drive from the Amani Abeid Karume International airport and 500m from the beach of Paje – one of the world’s top kitesurfing hotspots.

Size and Units:

The soul is being built in 2 Phases with a total of over 240 Apartments and common facilities on a 40,000 sqm plot. The project is aimed to be completed by early 2024.

Unit Types:

The Soul offers from 1 Bedroom Units starting at 69,900 USD to spacious 3 Bedroom Units at 156,9000 USD.

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