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What will happen in Zanzibar’s real estate market? Will prices go up or down? Is Zanzibar still a hotspot for foreign investors? How is the Tanzanian government impacting real estate policies and taxes in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with local agents, property developers, and clients who buy properties in Zanzibar, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
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1) Mixed-use residential projects will increase in central Zanzibar as urbanization grows
Central Zanzibar is gearing up for a boom in mixed-use residential projects as urbanization takes off.
With the population of Zanzibar City expected to hit 857,428 by 2024, urban living is becoming the norm. The city is growing at a steady pace of 3.5% annually, and by 2030, more than half of Zanzibar's residents will likely call urban areas home.
The government is pouring resources into infrastructure and transportation, which is key to supporting this urban growth. Better roads and transit systems are making it easier for people to get around, which in turn boosts economic activities and makes city life more appealing.
Policies like the Zanzibar Development Plan and Vision 2050 are pushing for urban development. These initiatives aim to bolster the economy and create a demand for rental apartments, which aligns perfectly with the need for mixed-use residential projects.
The real estate market is buzzing with interest in mixed-use developments, thanks to a strong tourist influx and changes in residence permits. These changes allow foreign investors to secure long-term leases, making Zanzibar an attractive spot for investment.
Sources: World Population Review, Daily News, OHK Consultants, Tanzania Invest
2) Interest in residential properties in western Zanzibar will drop due to overcrowding and limited space for new developments
The western region of Zanzibar, especially Mjini Magharibi, is seeing less interest in residential properties.
With a high population density, this area feels crowded. Back in 2019, Unguja Island had 669 people per square kilometer, which shows just how packed it is. This crowding puts a strain on the infrastructure, making it tough for residents to get basic resources like water and electricity. Many people are unhappy because half of Zanzibar's population lives in Mjini Magharibi, making it one of the most crowded places around.
Finding land for new projects is another big issue. Even though the government has opened up 500 hectares on the East Coast for investment, it's not enough to meet the demand. Prime spots like Stone Town and Nungwi are especially scarce, which has pushed property prices up by about 13% each year over the last decade. This price hike makes the area less appealing for buyers.
Sources: Zanzipalms, Zanzibar Statistical Abstract
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Tanzania. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) Luxury property prices in Zanzibar will level off as the market becomes saturated
The luxury property scene in Zanzibar is buzzing with around 50 new developments currently in progress.
As these projects pop up, the market is getting crowded, which might lead to an oversupply of luxury homes. This could make it tough for prices to keep rising.
Back in 2023 and 2024, Tanzania's real estate market, including Zanzibar, was on the rise, but the growth rate for luxury properties started to slow down. This hints that while there's still interest, it's not as strong as it used to be, suggesting a possible price plateau.
Demand for these high-end homes in Zanzibar tends to be seasonal, peaking during the tourist high season. When the tourists leave, properties might linger on the market longer, which could help stabilize prices.
For those eyeing a slice of paradise, it's worth noting that the market might be reaching a saturation point, making it a good time to consider buying before prices level off.
Sources: Zanzibar Lux Properties, African Law Business, IPP Media
4) Rental yields in Zanzibar will rise as short-term vacation rentals gain popularity with tourists
Zanzibar's tourism is booming, with a significant rise in visitors boosting the local economy.
In 2024, tourism revenue in Zanzibar saw a 12% increase, reaching a remarkable 1.020 billion US dollars. This surge is expected to continue as the island remains a top destination for travelers worldwide. The local government and businesses are actively working to attract even more visitors, ensuring that this upward trend doesn't slow down.
Platforms like Airbnb are becoming increasingly popular in Zanzibar. By September 2024, there were 317 active Airbnb listings, reflecting a growing interest in short-term rentals. Even though there was a slight dip in year-over-year revenue, the number of listings and the stable median occupancy rate suggest a promising market for property investors.
Short-term vacation rentals in Zanzibar are thriving, with properties typically booked for 150 nights a year. The median occupancy rate stands at 41%, indicating a healthy demand. This demand is largely driven by international guests, with a significant portion coming from the United States, showcasing the island's global appeal.
About 95.51% of guests staying in these rentals are from abroad, underscoring the strong international interest in Zanzibar as a vacation spot. This international influx is a key factor in the rising popularity of short-term rentals, making it an attractive option for property investors looking to capitalize on the tourism boom.
With the continued growth in tourism and the increasing popularity of platforms like Airbnb, rental yields in Zanzibar are poised to rise. The island's appeal to international tourists, combined with the stable occupancy rates, makes it a promising market for those considering investing in vacation properties.
Sources: Airbtics, ATTA, The Citizen
5) Demand for large family homes in rural Zanzibar will drop as the population ages
In rural Zanzibar, the population is getting older, especially noticeable in 2023 and 2024.
With 25.9% of the rural population aged 60 and above, according to the 2022 Population and Housing Census, many are stepping into their senior years. Meanwhile, younger folks are heading to the cities, leaving behind an older crowd in the countryside.
This shift means fewer young families are around, who traditionally would have snapped up large family homes. Instead, the older residents are looking for something different.
As people age, they often want smaller, easier-to-manage homes that fit their lifestyle and smaller family size. This is a common trend in aging populations, hinting at a drop in demand for big family houses.
Adding to this, the fertility rate in rural Zanzibar is lower than in urban areas. With fewer kids being born, the need for large family homes naturally goes down.
So, if you're thinking about buying property in rural Zanzibar, consider that the market is shifting. The demand is leaning more towards homes that cater to an older, smaller household.
Sources: National Bureau of Statistics, DHS Program, Zanzibar Lux Properties
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6) Demand for mid-range homes in Zanzibar will grow as the middle class expands
The growing middle class in Zanzibar is set to drive demand for mid-range residential properties.
With the economy on the rise, Zanzibar saw a 6.8% growth in 2022 and is expecting a 7.1% growth in 2023, thanks to booming tourism and construction sectors. This economic upswing means more disposable income for the middle class, making it easier for them to consider investing in housing.
Urbanization is another key factor, with Zanzibar's metro area population projected to hit 874,000 by 2025, a 4.55% increase from 2024. This trend underscores a growing need for housing, especially in urban areas where mid-range properties are likely to be in high demand. The government is stepping in with initiatives like the Zanzibar Housing Corporation, aiming to provide affordable homes for low- and middle-income families, which further boosts demand for mid-range residential properties.
Real estate developments are increasingly targeting mid-range buyers. The government's push to expand access to affordable homes has sparked a surge in construction projects designed to meet urbanization demands. This means more mid-range properties will soon be available, creating a favorable environment for middle-class buyers.
These developments, coupled with the overall economic growth, suggest a promising market for those looking to invest in mid-range residential properties. The combination of increased disposable income, urbanization, and government support is setting the stage for a vibrant real estate market in Zanzibar.
Sources: Macrotrends, AllAfrica, Bank of Tanzania Annual Report, Economic Report Tanzania 2024
7) Rent prices for luxury rentals in Zanzibar will drop slightly as more options enter the market
Luxury properties in Zanzibar are on the rise, with new developments popping up across the island.
Take the Anantara Zanzibar Resort, for example. This massive $230 million project is set to open in 2027, bringing 110 luxurious rooms and suites, plus 94 apartments and villas. It's part of a wave of new high-end accommodations that are increasing the supply of luxury rentals.
In 2023, Tanzania saw a tourism boom, which led to a surge in short-term rental listings. By late 2024, Zanzibar had 317 active Airbnb listings. This means renters have more options, which can drive property owners to offer competitive prices.
Real estate agencies are noticing a growing inventory of luxury rentals, especially in urban areas where vacancy rates are high. This oversupply has already caused residential lease rates to drop significantly, with some areas seeing reductions of nearly 50% over the past two years.
As more luxury rentals hit the market, rent prices are expected to decline. This trend is likely to continue, making it a buyer's market for those interested in high-end properties.
Sources: Pan African Visions, Fumba Town
8) Green building tax incentives will increase sustainable home development in Zanzibar
Tax incentives are set to transform Zanzibar's real estate landscape by promoting sustainable residential properties.
Back in 2023, the Zanzibar government took a bold step by offering corporate tax exemptions for up to five years to attract sustainable investments. This move is a game-changer for developers, as it eases financial pressures and boosts the profitability of green projects. Imagine building a home that not only saves the planet but also saves you money!
Across Tanzania, there's a noticeable shift towards green building, with a focus on natural materials and innovative techniques that are kinder to the environment. A shining example is Fumba Town in Zanzibar, where prefabricated timber frames have slashed construction costs and showcased the perks of sustainable materials. It's proof that eco-friendly living is not just a dream but a reality.
In the U.S., the 45L tax credit from the Inflation Reduction Act of 2022 has made energy-efficient homes more appealing by cutting down building costs. If Zanzibar adopts similar incentives, it could spark a surge in demand for sustainable housing, perfectly aligning with the growing trend of eco-conscious living. Who wouldn't want a home that's both stylish and sustainable?
By embracing these tax incentives, Zanzibar can tap into the rising consumer preference for eco-friendly living options. It's a win-win situation: developers get financial relief, and residents enjoy greener, healthier homes. The future of real estate in Zanzibar looks bright and green!
Sources: Building Innovation Hub, Fumba Town, Zanzibar Investment Guide 2023, Constructive Voices
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Tanzania versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
9) Demand for energy-efficient homes in Zanzibar will grow due to sustainable living trends
In Zanzibar, eco-friendly housing developments are on the rise, especially in 2023 and 2024.
Take Fumba Uptown Living, for example. This project is setting the bar high by incorporating sustainable and energy-efficient features into its design, including commercial spaces and sports centers. It's clear that both developers and residents are increasingly interested in sustainable living.
There's also a noticeable uptick in the sales of energy-efficient appliances and solar panels, thanks to companies like AG Energies in Tanzania. This trend shows that people are becoming more aware of their energy consumption and its environmental impact.
Consumer preferences are shifting too. A 2024 survey by the National Association of REALTORS found that nearly half of the respondents are interested in sustainability. This change in mindset is part of a larger movement towards eco-conscious living, which is boosting the demand for homes with energy-efficient features.
The media is also playing a big role in this shift. With more focus on the benefits of sustainable living, people in Zanzibar are becoming more aware of the importance of eco-friendly practices. This awareness is reflected in the growing number of real estate projects that are embracing green building practices.
All these factors point to a strong commitment to sustainable development in the region, making it a promising area for those interested in eco-friendly real estate.
Sources: Future Housing, AG Energies, National Association of REALTORS
10) Demand for residential real estate in northern Zanzibar will rise as it becomes a luxury tourism hotspot
The northern region of Zanzibar is quickly becoming a luxury tourism hotspot, sparking a surge in residential real estate demand.
In recent years, particularly in 2023 and 2024, Zanzibar has seen a significant rise in tourist arrivals, with projections suggesting 800,000 international visitors in 2024. This marks a 20% increase from the previous year, highlighting the region's growing appeal. The opening of luxury properties like the Anantara Zanzibar Resort is set to cater to both leisure and extended-stay guests, further boosting the area's allure.
The Anantara Zanzibar Resort, scheduled to open in 2027, is a prime example of the luxury developments aligning with this demand. With 181 rooms, including 37 suites and a presidential villa, it promises to enhance the luxury experience for tourists. Such upscale facilities are expected to attract affluent visitors, which in turn will drive up the demand for luxury residential properties in the region.
Moreover, Zanzibar's accessibility has improved significantly, with the number of airlines flying to the island doubling from five in 2020 to ten by 2023. Major carriers like KLM and Air France now offer flights, making it easier for tourists worldwide to visit. This improved connectivity is likely to increase interest in residential real estate as more tourists consider investing in the area.
With the northern region's growing reputation as a luxury destination, the demand for residential properties is expected to rise. The presence of high-end resorts and improved flight connections are key factors contributing to this trend. As more affluent tourists flock to the area, the appeal of owning a piece of paradise in Zanzibar becomes even more enticing.
Sources: The Citizen, Daily News, Anantara Zanzibar, Zanzipalms
11) More expats will diversify the housing market, creating varied residential options
The number of expatriates in Zanzibar is on the rise, contributing to a growing population.
As more expatriates settle in, foreign investment in Zanzibar's real estate is booming. This surge is fueled by new policies that make it easier for foreigners to get long-term leases and enjoy tax-free residency. These changes have opened doors for expatriates to invest in property, adding variety to the market.
Developers are catching on, with new residential projects popping up that specifically target expatriates. Think modern seafront homes and luxury waterfront complexes. These developments cater to the diverse tastes and needs of expatriates, offering a range of housing options.
Expatriates are looking for homes that fit their lifestyles, and the demand for varied housing options is growing. This trend is reshaping the real estate landscape, making it more dynamic and inclusive.
With these changes, the residential real estate market in Zanzibar is becoming more diverse. The influx of expatriates is not just boosting numbers; it's transforming the types of homes available.
Expect to see even more variety in housing as the expatriate community continues to expand, bringing fresh perspectives and needs to the market.
Sources: Macrotrends, Tanzania Invest, Sandbank Villas
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12) Demand for homes with office spaces in Zanzibar will grow due to remote work trends
Remote work is booming, with 36.2 million Americans expected to work from home by 2025.
Zanzibar is catching up fast, enhancing its internet connectivity and digital infrastructure to attract remote workers. The government is pushing hard to improve digital services, making the island a hotspot for those needing reliable internet.
Digital nomads are flocking to Zanzibar, drawn by its affordable living and stunning scenery. The island's charm is amplified by social media, showcasing it as a top choice for remote work.
As remote work reshapes housing needs, people are looking for homes with dedicated office spaces. This trend is likely to hit Zanzibar too, given its rising popularity among remote workers.
Real estate in Zanzibar is poised to evolve, with a shift towards properties offering more space and home office capabilities. The island's appeal to digital nomads is a key driver of this change.
With its improved digital landscape and growing reputation, Zanzibar is set to become a prime destination for remote work. The island's unique blend of culture and connectivity is hard to resist.
Sources: Apollo Technical, Daily News, Wander with Jamie, Remote People
13) Property growth in southern Zanzibar will slow down due to lagging infrastructure development compared to other areas
The Zanzibar government has been pouring resources into infrastructure, but most of this investment is happening in the northern regions.
Take the Mazizini Road project, for instance. It cost over 21 million US dollars and is a prime example of how the north is getting all the love. Meanwhile, the south is left waiting for similar upgrades, which means property growth there is lagging.
In the south, it's not just roads that are missing. There's also a noticeable absence of utility expansions like water and electricity. These are basic needs for any thriving community, and without them, attracting new residents and investors becomes a challenge.
While the north is bustling with new developments, the south remains quieter. This lack of infrastructure makes it less appealing for those looking to invest in property. Potential buyers might find the north more attractive due to its better connectivity and services.
For anyone considering buying property in Zanzibar, it's crucial to know that the south might not see the same rapid growth as the north. The infrastructure gap is a significant factor, and it could influence property values and development pace.
Sources: IPP Media, Tanzania Invest
14) Eco-friendly residential developments will grow in popularity on the eastern coast, attracting investors who prioritize sustainability
The eastern coastal areas of Zanzibar are becoming a hotspot for eco-friendly residential developments.
Thanks to the "Greener Zanzibar" campaign launched in 2023, there's a big push for sustainable tourism. This initiative focuses on waste management, sustainable food sourcing, and ecosystem restoration, putting Zanzibar on the map as a leader in responsible tourism. The island's commitment to these practices is drawing in investors who care about the environment.
The Zanzibar Development Plan (ZADEP) 2021–2026, also known as the Blue Economy for Inclusive Growth and Sustainable Development, is offering government incentives for sustainable projects. These incentives aim to tackle climate change and promote eco-friendly initiatives, making the region even more appealing to investors. The global shift towards eco-friendly living is also playing a role, as more people become aware of environmental issues.
Surveys show that people are increasingly interested in sustainable housing, which aligns with the demand for eco-friendly developments in Zanzibar. This interest is largely due to concerns about climate change and environmental sustainability. The island's natural beauty and conservation efforts, like the Jozani-Chwaka Bay UNESCO Biosphere Reserve, are getting international attention, attracting investors who want to support sustainable projects.
With its stunning landscapes and commitment to sustainability, Zanzibar is becoming a prime location for those looking to invest in eco-friendly living. The island's efforts in conservation and sustainable development are not just about preserving its beauty but also about creating a future that aligns with global environmental goals.
Sources: ITB News, SparkBlue, Energy News, UNESCO
We have made this infographic to give you a quick and clear snapshot of the property market in Tanzania. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
15) Tech-savvy buyers will be drawn to new Zanzibar homes featuring standard smart home technology
In Zanzibar, smart home technology is quickly becoming a must-have in new residential projects.
With the Africa Smart Home Market projected to jump from USD 2.32 billion in 2023 to USD 8.63 billion by 2030, it's clear that smart homes are on the rise across the continent. This trend is catching on in Zanzibar, where the influx of tech-savvy tourists and expatriates is driving demand. Imagine over half a million tourists each year, many eager to experience the latest in digital living.
High-speed internet, thanks to services like Elon Musk’s Star Link, is making it easier than ever for residents to embrace smart home tech. This connectivity is a game-changer, allowing for seamless integration of advanced technologies into everyday life. It's not just about convenience; it's about enhancing the overall living experience.
Buyers are increasingly interested in sustainable and energy-efficient solutions. In 2025, expect to see a demand for features like advanced home security systems and energy-efficient smart thermostats. These aren't just gadgets; they're part of a lifestyle that values sustainability and efficiency.
Voice-controlled home automation is another hot trend. Imagine controlling your entire home with just your voice—lights, temperature, security, all at your command. This kind of technology is not only convenient but also aligns with the modern buyer's desire for a more streamlined and efficient home environment.
As smart home technology becomes more integrated into new developments, it's attracting a new wave of tech-savvy buyers. These are individuals who value innovation and are looking for homes that offer more than just a place to live. They want a home that enhances their lifestyle and aligns with their values.
Sources: NextMSC, UNDP Tanzania, Paces Funding
16) Virtual reality tours will become standard for Zanzibar real estate agents, improving the buying experience for remote investors
Virtual reality property tours are now a staple for real estate agents in Zanzibar, transforming how remote investors explore properties.
Back in 2023 and 2024, Zanzibar experienced a surge in internet access and smartphone use, setting the stage for advanced tech like virtual reality to flourish. This digital shift has made it easier for potential buyers to get a real feel for properties without being there in person.
Globally, the real estate market is catching on, with virtual reality expected to hit a market value of $2.6 billion by 2025. This tech is a game-changer, offering remote tours and virtual meetings with agents, which is a huge plus for international buyers who can't just hop on a plane.
Many home buyers now prefer virtual tours over static photos, showing a clear demand for more engaging and interactive property views. Virtual reality tours meet this need, offering a more immersive experience that traditional methods just can't match.
In Zanzibar, this trend is particularly beneficial as it opens up the market to investors from around the world, who can now explore properties in detail from their living rooms. This not only saves time but also makes the buying process more efficient and enjoyable.
As virtual reality continues to evolve, it's becoming an essential tool for real estate, especially in places like Zanzibar where remote buying is on the rise. This technology is not just a fad; it's reshaping how properties are marketed and sold.
Sources: PhotoUp, The Citizen, Invision Studio, EZ Real Estate Tools
17) Blockchain will make property transactions in Zanzibar more transparent and efficient
In Zanzibar, blockchain technology is transforming property transactions.
Imagine buying a house with just a few clicks. That's becoming a reality in Zanzibar, where blockchain is making property deals simpler and more transparent. By using digital tokens to represent real-world property, the process of buying and selling becomes much more straightforward. This innovation is part of a global trend, but Zanzibar is taking bold steps to lead the way.
In 2023 and 2024, Zanzibar launched a National Blockchain Sandbox, a game-changer for the local real estate market. This initiative, powered by the XDC Network and developed by LedgerFi, offers a safe space for startups to test new blockchain solutions. It's a big deal because it helps ensure that property transactions are not only efficient but also transparent, reducing the chances of fraud.
One of the coolest things about blockchain is its ability to create immutable records. Once information is on the blockchain, it can't be altered without everyone agreeing. This means property records are secure and tamper-proof, which is a huge win for buyers and sellers alike. No more worrying about someone changing the details behind your back.
Blockchain also speeds up the payment process and makes cross-border transactions a breeze. This means lower costs and faster deals compared to traditional methods. It's like cutting out the middleman and getting straight to the point, which is exactly what you want when buying property.
Sources: Tech-ish, Kenyan Wall Street, Idea Usher
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18) Interest in waterfront properties in Zanzibar will grow as climate change awareness boosts demand for sustainable living
Interest in eco-friendly real estate is booming as more people become aware of climate change.
People are increasingly looking for homes that support sustainable living, driven by a desire to reduce their environmental impact. Waterfront properties in Zanzibar are gaining attention because of their potential for sustainable design, especially as climate change becomes a bigger concern.
The media has been instrumental in highlighting the effects of climate change on coastal areas, such as rising sea levels and storm surges. This has led to a growing interest in properties that incorporate eco-friendly features, making Zanzibar a focal point due to its vulnerability to these changes.
Zanzibar has seen a surge in eco-tourism, with tourist numbers increasing by over 110% from 2020 to 2022. This trend reflects a broader interest in sustainable tourism, which emphasizes the importance of eco-friendly living. The island's government is committed to sustainable development, as evidenced by initiatives like the Sustainable Tourism Declaration.
These efforts underscore Zanzibar's focus on responsible tourism and sustainable architecture, making it an attractive destination for those interested in eco-friendly living. The island's commitment to sustainability is evident in its development strategies and tourism practices.
As climate change awareness grows, the demand for sustainable waterfront properties in Zanzibar is expected to rise. This trend highlights the importance of integrating sustainable design into real estate to meet the needs of environmentally conscious buyers.
Sources: Paul Watkiss Associates, The Citizen, UNDP, The Citizen, OCGS
19) Interest in high-rise residential buildings in Zanzibar will decline due to environmental and sustainability concerns
Zanzibar is facing serious environmental challenges that are reshaping its real estate market.
One of the biggest issues is coastal erosion, which is impacting everything from beach resorts to local farms. This erosion is largely due to rising sea levels and increased wave activity, both of which are worsened by climate change. As a result, there's a growing push for sustainable development to help combat these problems.
People are starting to prefer eco-friendly housing options. This trend is not just among locals but also tourists who are increasingly interested in eco-tourism. The government and NGOs are backing this shift with campaigns and policies that promote sustainable building practices.
High-rise residential buildings in Zanzibar are losing their appeal. Concerns about their environmental impact and sustainability are making them less attractive to potential buyers. The focus is shifting towards more sustainable and environmentally friendly housing solutions.
There's a noticeable change in consumer behavior, with more people opting for homes that align with their environmental values. This shift is supported by government initiatives and policy changes that favor sustainable development.
As the island grapples with these environmental issues, the real estate market is adapting. Buyers are increasingly looking for properties that offer not just comfort but also a commitment to sustainability.
Sources: Frontiers in Marine Science, PreventionWeb, Laotian Times
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.