FAQ

Cocco Lagoon offers a unique combination of an excellent investment opportunity and dream vacation. It is the first 5-star Hotel Condominium on Pemba Island, part of the Zanzibar archipelago. We offer exclusive investment properties – apartments, villas, and bungalows.

Cocco Lagoon is a place where you can both relax and earn – up to 25% annually.

It is also a unique opportunity to gain passive income and fulfill the dream of a lifetime holiday on the most beautiful paradise island of Zanzibar – Pemba!

The complex will feature 250 luxury properties, including villas, bungalows, and apartments. Within the resort, you will find a range of amenities, including swimming pools, a pristine beach, restaurants, bars, a SPA, a gym, and much more.

Cocco Lagoon will offer a wide range of facilities that ensure luxurious accommodation and various amenities tailored to the needs of both guests and investors. The complex will include comfortable lodging options, numerous attractions, and shared spaces that will allow for both relaxation and active leisure.

Among the available investment properties are:

• Blue Lagoon Apartments – elegant and spacious apartments, offering a high standard of finish and ocean views.
• Nakupenda Bungalows – charming bungalows providing privacy and direct contact with nature.
• Makuti and Jameela Villas – luxurious, spacious villas, perfect for larger groups or families seeking the highest standard of relaxation.

The complex will also offer many amenities, including:

• Blue Lagoon Pool – a large pool, ideal for relaxation and swimming.
• Unique heart-shaped pool – a romantic spot, perfect for special occasions.
• 24-hour reception – available to guests at any time, ensuring full comfort during their stay.
• Amphitheater – a space designed for entertainment and events.
• Three restaurants – offering diverse menus inspired by local and international cuisine.
• Beach bar – the perfect spot for refreshing drinks and enjoying the views.
• Water Sports Center – offering a wide range of activities for water sports enthusiasts.
• Gym – a modern fitness space for those who want to stay in shape.
• Conference and co-working room – ideal for organizing business meetings and remote work.
• Children’s playground – a safe area for the youngest guests to enjoy.
• Minimarket – with a wide selection of everyday products.
• Medical office – providing basic healthcare services.
• SPA – offering a wide range of relaxation and beauty treatments.
• Pier with marina – a perfect spot for strolls and watching sunsets.
• Wedding chapel – a charming venue for wedding ceremonies.
• Wedding hall – a space for organizing unforgettable wedding receptions.

This wide array of facilities and amenities will make Cocco Lagoon an ideal place for both investment and relaxation.

At Cocco Lagoon, property owners can earn an annual return of 25% by renting out their properties through the condominium model, managed by Cocco Lagoon Hotel.

Cocco Lagoon will be the first large hotel on Pemba Island with European standards, creating significant opportunities due to low competition and high accommodation prices.

Return on Investment (ROI): The average annual return on investment for new hotels in Zanzibar is around 50% for the first two years.

We estimate that an investment in Cocco Lagoon will generate around 25% annual profit. This is due to the high standard of the investment properties, the unique attractions offered within the hotel complex, the top-quality hotel services, and higher accommodation rates resulting from the limited number of hotels on Pemba.

Additionally, investors benefit from the appreciation of property value, driven by the significant development of Pemba Island. It is expected that property values could increase by 50%-80% over the next 4-5 years. What drives this growth?

1. Construction of an international airport on Pemba (06.2023 – 12.2025).
2. Intensive expansion of road infrastructure on the island.
3. Expansion of the port on Pemba.
4. Significant government investments aimed at enhancing Pemba’s status, while maintaining its uniqueness (fewer hotels but of a much higher standard than on the main island).

The increase in property value at Cocco Lagoon will also be supported by investors purchasing individual properties, which, along with shared spaces and attractions, will form a 5-star hotel with full tourist facilities.

The condominium model at Cocco Lagoon operates as follows:

Cocco Lagoon Condo Hotel will be responsible for building and managing all of the common parts and properties. Cocco Lagoon will manage bookings, proper functioning of common areas, dining, cleaning and all the other guest services.

The owner will not have the possibility to rent the property on his/her own. This is prohibited by the regulations of Cocco Lagoon and the laws of Zanzibar.

Cocco Lagoon and The Owners will split the benefits as 70% to 30% of Gross Profit.

RULES FOR RENTAL AND OWNER STAYS

1. Rental Restrictions
1.1. Renting out the property independently is prohibited in accordance with Cocco Lagoon’s regulations and Zanzibar law.
1.2. Rental is exclusively managed by Cocco Lagoon Town Management.
1.3. The contract with Town Management is signed on the date of the final Purchase-Sale Agreement for the property, for a period of 20 years, divided into 10-year terms, with the possibility of extending for another 10 years.

2. Termination of the Management Agreement
2.1. Termination of the Management Agreement by the Owner within the first ten years will incur a penalty of 50% of the property’s purchase price.
2.2. In the following ten years, the penalty will be 35% of the property’s purchase price.

3. Rules for Owner Stays
3.1. The maximum duration of the Owner’s stay is 6 weeks per year.
3.2. During the high season, the Owner’s stay is limited to 2 weeks.
3.3. During the high season, only Owners and their close relatives may stay at the property. Guests cannot stay without the presence of the Owner.
3.4. In the mid and low seasons, the property may be used by any person designated by the Owner.
3.5. The high season lasts from December 15th to March 10th.
3.6. The low season lasts from March 11th to May 31st.
3.7. The mid-season lasts from June 1st to December 14th.
3.8. Owner stays during the low season can be up to 6 weeks, and in the mid-season up to 4 weeks, provided that these periods have not been previously used.
3.9. If the stay exceeds the designated time, each additional night will be charged at 70% of the standard rate for that period.
3.10. Owners who have purchased more than one apartment may combine their owner stay periods.
3.11. The property does not generate income during owner stays, as it is not part of the Shared Rental Program.
3.12. Each owner stay must be registered and confirmed by the Cocco Lagoon Rental Center.
3.13. Owner stays are possible only if the apartments are available and not reserved by tourists.
3.14. The Owner may stay in their own apartment or another of the same type.

4. Liability for Damages
4.1. After signing the property management contract with Town Management, the Buyer is no longer responsible for repairs and maintenance of the property in good technical condition.
4.2. These duties are taken over by Town Management for the duration of the contract.
4.3. The Owner is, however, obligated to pay:
a) Annual fees
b) Property insurance
4.4. In case of significant damage to the property, the Owner must repair it using their insurance (e.g., in the event of fire, flood, storm).

5. Profit Sharing between Owner and Town Management
5.1. The rental profit will be split 70% for the Owner and 30% for Town Management.
5.2. Details will be included in a supplementary agreement.

6. Daily Costs of Owner Stay
6.1. The daily cost of stay for each person during the owner stay is 15 USD for adults and 7.5 USD for children under 13.
6.2. The fee includes breakfast, cleaning, electricity, and water.
6.3. In the All-Inclusive option, the daily fee is 49 USD for adults and 32 USD for children under 13.
6.4. Children under 3 stay for free.
6.5. The hotel does not accept pets.

7. Utility Billing at Cocco Lagoon Hotel
7.1. Apartments and villas are not equipped with individual water and electricity meters.
7.2. During the rental period, utility costs are included in the rental fee and settled by the Operator under the Shared Rental Program.

8. Additional Profit for Owners
8.1. Owners can earn additional income by booking stays for their acquaintances.
8.2. Cocco Lagoon will pay an additional 8% commission to owners who invite other guests to stay at the hotel, instead of paying for booking platforms.
8.3. This commission may be received by the owner as income or offered as a discount to guests.
8.4. This additional commission for owners is not part of the Shared Rental Program and is paid directly to the respective owner.

The Condominium Act No. 10 of 2010 allows both Zanzibaris and foreigners to purchase houses and flats in condominium complexes located, among others, on Pemba Island.

Yes. Zanzibar is an archipelag which consists of two big islands – Unguja (popularly known as Zanzibar) and Pemba (a new tourist destination) and lots of islets.

People from all over the world buy real estate in our complex, customers from Oman, whose roots come from Pemba, East Africans, Europeans, as well as Americans, who in many cases have ancestors in this part of the world.

Buyers receive an official certificate of ownership. This title is legally inherited. The property can also be sold or given as a gift. 

The land on which the properties for sale are located is a 33-year perpetual lease issued to Zanglory Investments Ltd. The legal basis is LAND TENURE ACT No. 12 of 1992. Such limitations result from the essence of a limited good, which is land on the islands of the Zanzibar Archipelago. 

Zanglory Investments Ltd. is implementing the Cocco Lagoon project which is approved and controlled by ZIPA – the Zanzibar Investment Promotion Authority.

If you have any doubts, contact a lawyer or ask at:
Zanzibar Investment Promotion Agency ZIPA, Maruhubi Complex, P.O. Box 2286, Zanzibar, Tanzania
Email: info@zipa.go.tz
Tel: 255 24 2233026

Yes, in an increasingly favorable investment climate and with a whole bunch of new incentives, Pemba hopes to attract fresh entrepreneurs in the blue economy sector (industries related to the sea and fisheries), as well as in manufacturing, luxury tourism, gastronomy, and in the events and sports sector(s), among others.

Yes, there are hospitals on both Pemba and Unguja islands. Hospital on Pemba is called Abdulla Mzee Hospital and is located in Mkoani. Hospital on Unguja is called Tasakhtaa Global Hospital. It is possible to purchase international insurance or directly on Zanzibar. The Zanglory Investments Ltd. team are more than happy to present you with possible insurance options and on-site treatment possibilities.

Pemba is safe, the local community respect all people alike, including foreign investors and tourists. In the evening, you can safely explore the capital of Pemba – Chake Chake.

On the islands of Zanzibar, the temperature varies between 25 and 32 degrees Celsius throughout the year. The short rainy season is in mid-December for about 10 days, and the long rainy season is from March to May. The water in the ocean is very warm all year round.

The currency is the Tanzanian Shilling (TZS). In places prepared for tourists, it is possible to pay in United States Dollars (USD). The vast majority of payments are in cash. American dollars can be easily exchanged in Chake Chake (a city about 30 minutes from Cocco Lagoon).

Yes, it is necessary to obtain a tourist visa that entitles you to travel around Zanzibar for 90 days. This visa costs US$50 per person. The visa can be purchased upon arrival at the airport on Zanzibar or directly on the website of the Tanzanian consulate.

Zanzibar belongs to GMT+3 time zone.

The first and by far the fastest method is to fly by plane from Kisauni Airport on Unguja Island to the airport in Chake Chake on Pemba. The flight takes approximately 20 minutes. The operators are local airlines offering several flights per day, namely Auric Air Services Ltd. and Charterlines, Inc.

The second option is to take a speedboat. This journey takes up to 2 hours, and the boat operates daily, twice a day (except on Fridays). The main operator is Zan Fast Ferries.

Yes, there is an airport on the island of Pemba. Lately the government decided to expand it to the International Airport which will be able to serve 750 000 passengers per year. 230 milions of dollars will be invested in this expansion.

Yes, there is a port in Mkoani on Pemba, which is currently being modernized and expanded.