Yes. Zanzibar is an archipelago consisting of two main islands – Unguja (commonly referred to as Zanzibar) and Pemba (which is currently developing rapidly for tourism), as well as many smaller islets.
Cocco Lagoon is a unique combination of an excellent investment and dream vacations. 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 20% annually.
It’s also a unique opportunity to gain passive income while fulfilling your dream of unforgettable vacations on the paradise island of Pemba, the most beautiful part of Zanzibar! The resort will feature 250 luxury properties, including villas, bungalows, and apartments. The complex will offer numerous amenities, such as pools, a pristine beach, restaurants, bars, a spa, a gym, and much more.
Cocco Lagoon will offer a wide range of properties that ensure luxurious accommodations and various amenities tailored to the needs of both guests and investors. The complex will include comfortable lodging, numerous attractions, and shared spaces that provide both relaxation and active recreation.
The available investment properties include:
Blue Lagoon Apartments – elegant and spacious apartments offering high finishing standards and ocean views.
Nakupenda Bungalows – charming bungalows ensuring privacy and direct contact with nature.
The resort will also offer many amenities, including:
Blue Lagoon Pool – a large pool ideal for relaxation and swimming.
Unique Heart-Shaped Pool – a romantic space perfect for special occasions.
24/7 Reception – available to guests at any time to ensure full comfort during their stay.
Amphitheater – a space for entertainment and events.
Three Restaurants – offering a variety of menus inspired by local and international cuisine.
Beach Bar – an ideal place for refreshing drinks and enjoying the views.
Water Sports Center – offering a wide range of attractions for water sports enthusiasts.
Gym – a modern fitness space for those who care about their fitness.
Conference Room and Co-working Space – perfect for business meetings and remote work.
Children’s Playground – a safe space for young guests to play.
Mini Market – offering a wide range of everyday products.
Medical Office – providing basic healthcare services.
Spa – offering a wide range of relaxing and beauty treatments.
Pier with Dock – a perfect place for walks and sunset views.
Wedding Chapel – an intimate space for wedding ceremonies.
Wedding Hall – a space for hosting exceptional wedding receptions.
This broad range of properties and amenities will make Cocco Lagoon an ideal place for both investment and relaxation.
In Cocco Lagoon, property owners can earn an annual return of up to 20% by renting out their units through the condominium model, managed by the Cocco Lagoon Hotel.
Cocco Lagoon will be the first large hotel with European standards on Pemba Island, creating vast investment opportunities due to low competition and high accommodation rates.
Return on Investment (ROI): The average annual return on investment in new hotels on Zanzibar is around 50% during the first two years.
We estimate that the investment in Cocco Lagoon will generate approximately 20% annual profit. This is due to the high standard of the buildings, the unique attractions offered within the complex, premium hotel service, and higher room rates driven by the limited number of hotels on Pemba.
Additionally, investors can expect property value growth due to the island’s rapid development. It is estimated that property values will rise by 50%–80% over the next 4-5 years. What influences this growth?
Expansion of the port on Pemba
Significant government investments aimed at raising Pemba’s status while maintaining its unique character (fewer hotels but higher standards than on the main island)
The growth in property value at Cocco Lagoon will also be driven by investors purchasing individual units. Together with the shared spaces and all attractions, they will create a 5-star standard hotel with full tourism facilities.
The condominium model at Cocco Lagoon works as follows:
Property Ownership: Investors purchase individual properties in the Cocco Lagoon complex (apartments, bungalows, villas, and penthouses).
Managed Rental Pool: Purchased buildings or apartments become part of a managed rental pool. This means that when owners are not using their property, it can be rented out to guests.
Revenue Sharing: The income generated from renting out the properties is shared between the property owner and Cocco Lagoon. Typically, the split is 70% for the owner and 30% for Cocco Lagoon.
Professional Management: The Cocco Lagoon team handles the property management, including bookings, guest services, property management, repairs, and maintenance. This ensures the property is well-maintained and ready to host guests.
Amenities: Owners and their guests have access to a full range of amenities provided by Cocco Lagoon, such as pools, beaches, restaurants, a spa, and more.
Owner Stays (Limited Time): Owners can stay at Cocco Lagoon for up to 6 weeks per year, with 2 weeks during the low season, 2 weeks during mid-season, and 2 weeks during the high season.
Capital Appreciation: Property values are expected to rise over time due to the development on Pemba Island, including the construction of an international airport.
Group Rental System: Cocco Lagoon operates a group rental system, ensuring fairness and collective benefits for all property owners. Rental income is distributed based on a points system, regardless of whether a property is rented out or left empty.
By investing in Cocco Lagoon, you not only acquire a piece of paradise but also have the potential for steady rental income and the benefit of property value appreciation over time.
Cocco Lagoon will be responsible for the construction and management of all common areas and properties. Our team will handle bookings, proper functioning of the common areas, catering, cleaning, and all other guest services.
The owner will not be allowed to rent out the property independently. This is prohibited by Cocco Lagoon’s regulations and Zanzibar law.
Cocco Lagoon and the owners will share the benefits, with a split ranging from 70% to 30% of the gross profit.
REGULATIONS FOR RENTAL AND OWNER STAYS
Rental Restrictions
1.1. Independent rental of the property is prohibited according to the Cocco Lagoon regulations and Zanzibar law.
1.2. Rentals are managed solely by Town Management Cocco Lagoon.
1.3. A contract with Town Management is signed on the day of the final purchase agreement for a period of 20 years, divided into 10-year periods, with the possibility of an extension for another 10 years.
Termination of the Management Agreement
2.1. Terminating 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 is 35% of the purchase price.
Owner Stay Regulations
3.1. The maximum duration of the Owner’s stay is 6 weeks per year.
3.2. In the high season, the owner’s stay is limited to 2 weeks.
3.3. During the high season, only Owners and their close family members are allowed on the property. Other guests without the Owner’s presence are prohibited.
3.4. In the medium and low seasons, the property can be used by any person designated by the Owner.
3.5. The high season lasts from December 15 to March 10.
3.6. The low season lasts from March 11 to May 31.
3.7. The medium season lasts from June 1 to December 14.
3.8. The owner’s stay in the low season is limited to 6 weeks, and in the medium season to 4 weeks if not previously used.
3.9. If the stay exceeds the designated time, each additional night is charged at 70% of the standard nightly rate for that period.
3.10. Owners with more than one apartment can sum their owner stay periods.
3.11. The property does not generate income during the owner stay 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 only possible if apartments are available and not booked by tourists.
3.14. Owners can use their own apartment or another apartment of the same type.
Liability for Damage
4.1. After signing the property management agreement with Town Management, the Buyer is not responsible for repairs or maintaining the property in good technical condition.
4.2. These responsibilities are taken over by Town Management for the duration of the agreement.
4.3. The Owner is obligated to pay:
a) The annual fee
b) The insurance for their property
4.4. In the case of major property damage, the Owner must repair it at their own cost using the insurance (e.g., in the event of a fire, flood, or storm).
Profit Sharing between Owner and Town Management
5.1. Rental income will be shared with 70% for the Owner and 30% for Town Management.
5.2. Details will be included in an additional agreement.
Daily Costs for Owner Stays
6.1. The daily cost for each person during an owner stay is $15 per adult and $7.5 for children under 13.
6.2. The price includes breakfast, cleaning, electricity, and water.
6.3. The all-inclusive option costs $49 per adult and $32 per child under 13.
6.4. Children under 3 years old stay free of charge.
6.5. The hotel does not accept pets.
Utility Billing at Cocco Lagoon Hotel
7.1. Apartments and villas are not equipped with water and electricity meters.
7.2. During rental periods, utility costs are included in the rental fee and settled by the Operator as part of the Shared Rental System.
Additional Profit for the Owner
8.1. Owners can earn additional income by booking stays for their friends.
8.2. Cocco Lagoon will pay additional income of 8% to owners who invite other guests to stay at the hotel instead of using booking platforms.
8.3. This income can be paid to the owner as profit or as a discount for guests.
8.4. The additional income for the owner is not subject to the Shared Rental System and goes directly to the respective owner.
The Condominium Act No. 10 of 2010 allows both Zanzibar residents and foreigners to purchase houses and apartments in residential complexes located on Pemba Island, among other areas.
Yes. Zanzibar is an archipelago consisting of two main islands – Unguja (commonly referred to as Zanzibar) and Pemba (which is currently developing rapidly for tourism), as well as many smaller islets.
Properties in our complex are purchased by people from all over the world! Clients from Oman, whose roots trace back to Pemba, residents of East Africa, Europeans (including Poles), and Americans, many of whom have ancestors from this part of the world.
Buyers receive an official certificate of ownership. This title is legally inheritable. The property can also be sold or gifted.
The land on which the properties are located is subject to a 33-year leasehold to Zanglory Investments Ltd.
The legal basis for this is the LAND OWNERSHIP ACT No. 12 of 1992. Such restrictions arise from the nature of the limited property, which is the land on the islands of the Zanzibar Archipelago.
Zanglory Investments Ltd. is executing the Cocco Lagoon project, which is approved and monitored by ZIPA – Zanzibar Investment Promotion Authority.
If you have any doubts, contact a lawyer or inquire at:
Zanzibar Investment Promotion Authority (ZIPA)
Maruhubi Complex, P.O. Box 2286, Zanzibar, Tanzania
Email: info@zipa.go.tz
Yes, Pemba is opening up to new investment opportunities and encourages building your own business on the island. Entrepreneurs in the fishing sector and other sea-related industries are particularly welcomed, as well as businesses related to gastronomy or luxury tourism.
Yes, there are hospitals on the islands of Pemba and Unguja. The hospital on Pemba is called Abdulla Mzee Hospital and is located in Mkoani. The hospital on Unguja is called Tasakhtaa Global Hospital. It is possible to purchase international insurance or get coverage directly on Zanzibar. The Zanglory Investments Ltd. team will be happy to present you with available insurance options and local medical care possibilities.
Pemba is safe, and the local community respects and warmly welcomes everyone, including foreign investors and tourists. It is safe to explore the capital of Pemba, Chake Chake, in the evening.
The temperature throughout the year ranges from 25 to 32 degrees Celsius. The short rainy season occurs in mid-December and lasts for about 10 days, while the long rainy season lasts from March to May. The ocean water remains very warm throughout the year.
The currency is the Tanzanian Shilling (TZS). In tourist-popular areas, you can pay in US dollars (USD). The majority of payments are made in cash. US dollars can be easily exchanged in Chake Chake (a town about 30 minutes away from Cocco Lagoon).
Yes, it is necessary to obtain a tourist visa allowing travel within Zanzibar for up to 90 days. The visa costs 50 USD per person. You can purchase the visa upon arrival at the Zanzibar airport or directly on the Tanzanian consulate website.
Zanzibar is in the GMT+3 time zone.
The first and definitely fastest method is by flying from Kisauni Airport on Unguja Island to Chake Chake Airport on Pemba. The flight takes about 20 minutes. The operators are local airlines offering several flights a 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, Pemba Island has an airport. Recently, the government made the decision to expand it into an International Airport, which will be able to handle 750,000 passengers annually. An investment of 230 million dollars will be allocated to this expansion.
Yes, Pemba Island has an airport. Recently, the government made the decision to expand it into an International Airport, which will be able to handle 750,000 passengers annually. An investment of 230 million dollars will be allocated to this expansion.
Cocco Lagoon – the first 5* condominium hotel being built on the tropical island of Pemba, in the Zanzibar Archipelago.
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