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Cocco Lagoon Condominium Hotel
Cocco Lagoon is a Condominium Hotel located on Pemba Island, which is one of the largest islands in the Zanzibar Archipelago.
This premier Condo Hotel spans over an area of 4 hectares along the pristine shores of the Indian Ocean, offering direct access to the beautiful Wambaa beach. Positioned on the west side of Pemba Island, Cocco Lagoon Condo Hotel guarantees breathtaking sunsets visible from the terraces of our accommodations. The surrounding palm groves, rice fields, and banana plantations near Cocco Lagoon Condo Hotel offer heavenly views and opportunities for serene walks and relaxation.
Investing in a property at Cocco Lagoon Condo Hotel can yield a 25% annual return through a unique condominium model. As a Condo Hotel, we offer investment apartments, bungalows, and villas, allowing you to generate stable passive income while enjoying fantastic holidays at your very own property at Cocco Lagoon Condo Hotel.
The Wambaa Coastline, where our Condo Hotel is situated, boasts one of the most beautiful coastlines in Zanzibar. The beach adjacent to our Condo Hotel features soft, white sand and is surrounded by palm groves and mangrove trees, crucial to the ecosystem and providing pleasant shade on hot days.
Cocco Lagoon Condo Hotel enjoys a convenient location near the airport and seaport, only about 30 minutes away by car.
Features of Cocco Lagoon
- Blocks of Apartments
- Bungalows Nakupenda
- Villas Makuti
- Villas Jameela
- Blue Lagoon Pool
- Heart-shaped Pool
- 24- Hour Reception
- Shop
- Amphitheater
- 3 Restaurants
- Beach Bar
- Water Sports Center
- Gym
- Conference and Work Room
- Children’s Playground
- Mini Market
- Medical Office
- SPA
- Pier with Local Marina
- Wedding Chapel
- Wedding Hall
Masterplan
All villas and bungalows in the first coastline have a 50% surcharge on the base price.
Cocco Lagoon
Click on the map to check the availability of our Villas.
Villa Makuti 1
Available
Plot area:
Living area: 223 m2
Price: $699 999
Location in the first line, right on the beach and the biggest plot.
Pool: Yes
Villa Jameela 5
Available
Plot area:
Living area: 238,68 m2
Luxury, modern villa with a private swimming pool and an exotic garden, located close to the beach.
Price: $570 000
Villa Jameela 11
Available
Plot area:
Living area: 240 m2
Luxury, modern villa with a private swimming pool and an exotic garden, located close to the beach.
Price: $699 999
Villa Jameela 15
Available
Plot area:
Living area: 240 m2
Luxury, modern villa with a private swimming pool and an exotic garden, located close to the beach.
Price: $699 999
Bungalow Nakupenda Queen 30 with Beach Terrace
Available
Plot area:
Living area: 111,37 m2
Price: $599 999
Villa Makuti 31
Available
Plot area:
Living area: 223 m2
Price: $759 999
Location on the hill, right in front of the beach, with panoramic ocean view
Block of Apartments A
Booked
Plot area:
Living area: from 27,40 m² to 156,25 m²
ALL BOOKED.
Block of Apartments B
Available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Only few left! Check the details here.
Block of Apartments C
Available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Check the details here.
Block of Apartments D
Available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Check the details here.
Block of Apartments E
Not available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Check the details here.
Block of Apartments F
Not available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Check the details here.
Block of Apartments G
Not available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Check the details here.
Block of Apartments X
Not available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Check the details here.
Block of Apartments Y
Not available
Plot area:
Living area: from 31,97 m² to 186,18 m²
Apartments from 31,97 m² to 186,18 m². Check the details here.
Our residences
Schedule of construction works and payments
1 000 USD
Reservation fee for an Apartment
5 000 USD
Reservation fee for Villa, Bungalow or Penthouse
The payment should be made within 3 business days after signing the Reservation Agreement
-
first instalment
ONLY 9% + 5% ownership transfer costs at the time of signing the Purchase Agreement
Payments must be made within 3 business days after signing the Sales Purchase Agreement
-
second instalment
25% after the substructure is built (expected 3-4 months after the first instalment)
-
third instalment
25 % at the moment of completion of the superstructure without the roof (expected 3-4 months after the second instalment)
-
fourth instalment
21 % at the moment of completion of the roof and the MEP installations (expected 3-4 months after the third instalment)
-
fifth instalment
20 % (- booking fee) at the time of the end of construction (expected 3-4 months after the fourth instalment)
-
Optionally
The process of setting up the garden will take up to 14 working days from the end of construction
Monthly Service Charge
Owners of Residences in Cocco Lagoon pay a Monthly Service Charge of $2.95/m2 excluding the area of the associated garden. The fee must be paid for the year in advance, which ensures the smooth operation of the Condominium.
The above fees cover common costs such as:
– estate management,
– protection of the estate,
– gardening of common areas,
– removal of waste and liquid impurities,
– land lease tax,
– maintaining the reception and concierge 24/7,
– service and care of common and recreational areas – beach, lagoon, greenery, roads, lighting of the complex.
Payments will be charged from January 2024.
Phases of Construction
Phase 1
01.2023 – 12.2023
1 Villa Makuti
5 Bungalows Nakupenda
2 Villas Jameela
1 Block of Apartments
Reception
Pemba Restaurant
Gym
Phase 2
12.2023 – 06.2024
8 Bungalows Nakupenda
2 Villas Jameela
2 Blocks of Apartments
Phase 3
07.2024 – 03.2025
3 Villas Makuti
2 Villas Jameela
8 Bungalows Nakupenda
2 Blocks of Apartments
Lagoon Pool
Tropicana Restaurant
Phase 4
04.2025 – 12.2025
5 Villas Makuti
3 Blocks of Apartments
Pier
Marine
Beach bar
SPA
Water sports
Customer service
A dedicated Cocco Lagoon consultant will guide and accompany you through the purchase, construction, and after-sales service.
Our updates system enables real estate buyers to access information about construction progress and upcoming payments.
Ownership
The ownership transfer process will take 14 to 60 working days from the completion of construction. The Title Deed is issued by the Condominium Board, which is located in Stone Town, Forodhani, Unguja. The only documents required to be provided by the buyer of the property are a passport photo, a copy of the passport, and a birth certificate.
The transfer of ownership can be done in Zanzibar or the client’s current residence.
Real estate can be purchased by a citizen of any country in the world.
As a property owner, you have full rights to sell, gift, and inherit it. Our legal department will be happy to assist and support you in this regard.
The legal basis for the purchase of the property is the Condominium Act No. 10 of 2010.
The Cocco Lagoon project is a Real Estate project approved and under the control of ZIPA – the Zanzibar Investment Promotion Authority.
Here you can confirm the formal credibility of our investment:
ZANZIBAR INVESTMENT PROMOTION AUTHORITY (ZIPA)
Maruhubi Complex – Zanzibar
info@zipa.go.tz
+255 (024) 223 3026 / 223 7353
