Zanzibar, Swahili Unguja, island in the Indian Ocean, lying 22 miles (35 km) off the coast of east-central Africa.
Zanzibar, Swahili Unguja, island in the Indian Ocean, lying 22 miles (35 km) off the coast of east-central Africa. In 1964 Zanzibar, together with Pemba Island and some other smaller islands, joined with Tanganyika on the mainland to form the United Republic of Tanzania. Area 600 square miles (1,554 square km).
The short answer – Yes, foreigners can buy property in Zanzibar. As of March 2018, foreign investors were able to buy offshore property on the beautiful Tanzanian archipelago of Zanzibar.
On the higher side, a prime individual detached house costs $779 per sqm to construct. Town houses and apartments of medium standard cost $550 and $571 per sqm respectively to construct. High-rise apartments cost $617 per sqm to build.
In Dar es Salaam, Tanzania’s largest city and the economic capital, a 3-bedroom residential property located near a beach or in a prime location is priced between US$300,000 to US$500,000. However in other areas, 3-bedroom houses are priced starting US$50,000.
Tanzanian shilling
Zanzibar’s currency is the Tanzanian shilling (TZS). See www.oanda.com for the most recent exchange rates. Most lodges on Zanzibar charge in US$; very few will take travellers’ cheques, although most accept credit cards (they may charge an additional fee to do so).
Arusha city, Sombetini road, Ngusero street, View Mountains House, P.o.box 14950