PRICE LIST
PRICE LIST

Frequently Asked Questions

Buyer overview

You are acquiring a fully owned condominium unit within the Ark Jumanji Project in Zanzibar.

Your ownership is:

  • legally registered
  • secured through a Condominium Unit
  • Certificatefully transferable and inheritable


You are the legal owner of your unit, with full rights of use and enjoyment.

Zanzibar follows a condominium system, similar to many international developments.

This means:

  • you own your private unit
  • shared areas are managed collectively
  • certain rules ensure quality, safety, and long-term value


This structure protects your investment and keeps the project at a high standard.

As an owner, you can:

  • live in your unit
  • use it as a holiday home
  • rent it out short-term or long-term
  • sell or transfer it

Your ownership is real and flexible.

Zanzibar regulations require rental activity to be operated through a licensed management structure.

You have the option to:

  • join the official rental management program, or
  • work with another licensed operator, where applicable


This ensures:

  • legal compliance
  • professional guest handling
  • consistent quality across the project

To maintain long-term value and quality, the project operates under clear standards, including:

  • maintenance
  • safety
  • design consistency
  • guest experience


These are standard in international developments and protect all owners.

The agreement includes a structured process in case you decide not to proceed:

  • the unit can be transferred to another buyer
  • the developer supports this process
  • a fair commercial solution is applied


This ensures there is a clear and managed exit path

Your unit will be completed within the agreed timeline

  • in case of delays, contractual protections apply
  • you will receive your unit upon completion and certification

Our goal is to provide:

  • a secure legal structure
  • a transparent process
  • a balanced agreement
  • a high-quality development


We are committed to acting in good faith and in a commercially reasonable manner throughout the process.

We encourage every buyer to:

  1. review the agreement carefully
  2. ask questions openly
  3. fully understand the structure


We are here to guide you step by step.

Development Team

MAKUTI ESTATE Limited

MAKUTI Estate is an Austrian-owned and managed company based in Zanzibar. Founded in partnership with a well-connected local entrepreneur, the company benefits from strong ties to the Zanzibari community and a deep understanding of local regulations and administrative structures. This unique partnership ensures trust, cultural alignment, and effective cooperation with local authorities.

We are an innovative and committed property developer that stands for quality and progress in the real estate sector. To structurally strengthen our location, we promote sustainable cooperation with local craftsmanship and talent.

Established in 2023, our company has quickly grown into a sought-after real estate development and trading company. With a firm commitment to sustainability and fair play, we have paved the way for ethical business practices in all our dealings.

The project owner of THE ARK ZANZIBAR is MAKUTI ESTATE Limited, an Austrian-owned and managed real estate company based in Zanzibar.

As project owner, MAKUTI ESTATE is responsible for the overall vision, financial structure and delivery of the development.

With a focus on clarity, reliability and long-term value, the company ensures that THE ARK ZANZIBAR is developed in line with defined standards and a clear strategic direction.

The project is designed by Architect Sandra Nassar and Supun Rodriguez, part of the MAKUTI ESTATE development team.

Their work combines a clear architectural approach with a strong understanding of local conditions — creating spaces that are both functional and aligned with the island environment.

Construction is carried out by MAKUTI CONSTRUCTION Limited.

As part of the overall project structure, the company ensures on-site execution, coordination and quality control throughout all stages of development.

The legal team supports the project in all regulatory and administrative matters, ensuring that processes are aligned with local laws and requirements.

Rental operations are handled by ONE PROPERTY Management.

The operator oversees short-term rental management, including guest handling, bookings and day-to-day operations — allowing owners to manage their property with ease.

DEVELOPMENT FACTS

THE ARK ZANZIBAR

Paje, Mtule

East Coast, Zanzibar

Zanzibar

Click Here to view on Google Maps.

Construction will begin Q2 2026. Estimated completion is Q4 2027.

Contemporary Island Living

THE ARK ZANZIBAR is a structured residential development in Mtule, Paje — combining modern design with a calm, well-balanced living environment.

The project includes:
– 21 residential apartments
– 8 private villas

Designed to offer flexibility for both private use and investment, the development brings together clear architecture, shared amenities and a consistent overall concept.

A place defined by space, structure and a more considered way of living.

Apartments and villas at THE ARK ZANZIBAR can be delivered fully fitted and furnished upon request.

This includes appliances (refrigerator, washer-dryer), complete kitchen equipment, as well as linen and toweling — creating a ready-to-use living solution.

THE ARK ZANZIBAR offers a carefully selected range of amenities designed for comfort, convenience and everyday island living.

Features include:

– Air Conditioning
– Beach Volleyball Court
– Community Pool Area
– Gym
– Lawn & Green Spaces
– Outdoor Shower
– Pool Bar & Barbecue Area
– Refrigerator
– Private / Shared Swimming Pool
– Washer
– WiFi (optional)

Benefit from an independent water supply through on-site wells, offering long-term cost efficiency with no water charges.

Hot water is supplied via a central solar-powered system installed on the roof, providing an energy-efficient and sustainable solution for the entire development.

During periods of reduced sunlight, such as cloudy days, the system is designed to retain heat and continue supplying hot water under normal usage conditions.

In addition, a backup system ensures continuous availability, so residents can rely on a stable hot water supply at all times.

Each unit features a private electricity meter, ensuring fair and precise billing based on actual usage.

Residential properties are fully secured with Access Control, CCTV and a 24/7 Control Room on-site

Yes, parking is included in the purchase price of all units at THE ARK ZANZIBAR.

Each apartment comes with one dedicated shaded parking space, while every villa features double parking directly on its private plot.

All units at THE ARK ZANZIBAR come fully equipped with installed air conditioning for comfortable year-round living.

 

The development is connected to the public electricity network.

In addition, a central 150 kVA backup generator is installed to ensure reliable power supply in case of outages.

This system provides continuity for essential services and significantly enhances operational stability, which is particularly important for residential comfort and short-term rental use.

All units have an optical fibre connection. Contract with Inter Service Provider required.

A fully equipped gym is available at THE ARK ZANZIBAR.

Access is offered at a low monthly fee of USD 20, providing an affordable and convenient fitness option within the development.

 
 

The tennis court is available for XX USD per hour.

Beach volleyball is available for XX USD per hour.

The community pool is free of charge for all property owners.

RENTAL POLICY

The rental scheme is managed by Town Operations Company (TOC), Zanzibar’s leading property management provider for CPS developments. TOC oversees all aspects of the rental program—including tenant management, maintenance, building insurance, marketing, and revenue distribution—ensuring a fully managed, transparent, and hassle-free experience for property owners.
  • Apartments at Paje Square are sold fully fitted and furnished to a standard which automatically qualifies a buyer for the offered rental scheme.
  • Each residential unit is accounted for independently within the scheme, with the owner’s Net Revenue calculated after deducting operating expenses and management fees.
  • Residential units are sold as “residential unit types” on the booking platform, managed by a property management system, ensuring equal opportunity for all owners of a specific type to be reserved and occupied.
To ensure the highest quality standards and yields for the entire project, the dedicated Management Company for Facility Management and Rental Scheme is appointed by the developer. Should an apartment owner wish to rent his/her apartment and not self-use, the appointed Management Company rental scheme is required.
Yes, short-term as well as long-term rentals are permitted. Town Operations Company (TOC) will be managing the short-term rental scheme, please the factsheet detailing the estimated short and long-term rentals here.

All units are sold fully fitted and furnished, including appliances (fridge, washing/drying combo), kitchen equipment, linen and toweling.

No, all units are sold fully furnished with the approved standard furniture package.

Yes, please refer to the factsheet for more information here.

Yes, please refer to the factsheet for more information here.

INTERACTIVE online SALES PLATFORM

  • Sales are live via the interactive price list: https://sales.pajesquare.com/. 
  • You can view and browse all the available units by visiting the user-friendly interactive price list, and also use the filters and sort function to narrow down your search.
  • On each unit the layout, all costs and expected rentals are shown.
  • Here you can reserve your preferred unit/s with a $500 reservation fee.

 

  • All reservations will happen online via the interactive price list.

    The below list outlines the steps you’ll need to be familiar with in order to secure the unit you want to purchase.

    1. Register and log in to https://sales.pajesquare.com/. 
    2. Click the RESERVE button on your selected unit to start the process.
    3. Accept the Terms & Conditions and click RESERVE AND PAY.
    4. Confirm your details and click PROCEED TO PAYMENT.
    5. Complete buyer details and add the unit number to the description.
    6. You will then pay your $500 reservation fee.
    7. Your unit is now SECURED!*
    8. You will then receive an email from our team confirming your reservation.

    *Terms & Conditions apply.

    Next steps:

    • Upon receiving your reservation confirmation email, you will be sent a link to complete a KYC (Know your Customer) form on CPS Africa’s website.
    • Once the KYC form is approved, the Agreement of Sale will be sent to you via email, this will need to be signed and returned to us within 7 days from receiving it.
    • Payments will follow in increments as construction progresses. Each payment is made after each milestone is completed, and a certificate proves it. The first payment is at contract signing, and the last is due when the construction is complete. This way, you only pay for work that’s already completed. The payment plan is detailed below:

    The Payment Plan:

    We offer the following value added Paymentplan:

    • 25% + 5% – 1st Instalment: with signing PSA (5% Facilitation Fee)
    • 20% – 2nd Instalment: with Construction Begin/Award Letter to Contractor
    • 20% – 3rd Instalment: with Completion of the Substructure
    • 15% – 4th Instalment: with superstructure materials on site
    • 15% – 5th Instalment: with Completion of Superstructure
    • 5% – 6th Instalment: with handover, personally or digitally
The developers have made 81 apartments available for sale in the first phase of the project. The second phase with increased apartment prices will be launched later in 2026.

GENERAL PURCHASE QUESTIONS

Financing Options in Tanzania are available for Tanzanian Citizens, Diaspora and Permanent residents. Rates and conditions differ from bank to bank.

The Developer is offering a value-added payment plan with 6 instalments linked to progress and construction milestones.

The deal is subject to your KYC (Know your Customer) being approved, and should it not be approved the reservation deposit is paid back to you. The information asked in the KYC Form is a legal requirement by the Anti-Money laundering regulations of Zanzibar.

KYC Form can be found here

A facilitation fee of 5% is due with the 1st Instalment, covering stamp duty ,registration fees,  contract and transfer administration.

Levies are determined in terms of the Purchase and Sales Agreement and calculated based on the total living area of each unit.

They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building and public areas, building insurance and all common running costs of the project.

No hidden costs. VAT (15%) is already included the sales price, and the Facilitation Fee of 5% is based on the Net Sales Price (excl. Vat).

Annual fees are detailed in the Purchase and Sale Agreement.

The contract price is the price the client will pay for the property. 

The other costs applicable are detailed above and include levies.

After the completion of the development, the transfer process will commence. Occupation will be given as soon as a lease title certificate is granted by Zanzibar Condominium Board. You will be able to occupy or rent out your apartment from the date of handover.
  1. Zanzibar sees an average annual capital growth of 10%, so your property value is growing at roughly 10% pa but you are only paying the property over the construction period of approximately 24 months.
  2. The Real Estate Market in Zanzibar is still young allowing to benefit from strong growth rates and demand while supply is still limited.
  3. Regions like the East Coast of Zanzibar are among the fastest growing tourism destinations in the entire East Africa, increasing the demand for short-term but also long-stay and long-term rentals.
  4. Many properties in Zanzibar are managed individually with a wide range of quality standards. Purchasing a property with a pre-defined renowned Management Company like Town Operations Company (TOC), ensures not only the highest achievable rates and occupancy, but also the best capital appreciation. 

TAX INCENTIVES

With a qualifying purchase of USD 100,000 or more, buyers benefit from a range of exclusive advantages designed to make ownership secure, flexible, and internationally attractive.

  • 100% foreign ownership through a secure leasehold structure
  • Resident permit eligibility for the buyer, spouse, and up to four children
  • 50% exemption on stamp duty, reducing acquisition costs
  • Full repatriation of profits after tax — with no restrictions


This framework ensures not only a seamless ownership experience, but also the freedom and security international investors expect.

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