About this property
Terraces at Nungwi is a 70-unit apartment development in the fast-growing Nungwi area, walking distance to Nungwi Beach and Kendwa Rocks. Designed by SB Architects with a Scandinavian-tropical aesthetic, the project features co-working lounge, helipad access, private beach club, and Nungwi Bay Developments's professional rental-management program targeting 5โ7% net yield. Owners receive 99-year leasehold title, transferable and inheritable. Nungwi Bay Developments handles booking, guest management, maintenance and tax reporting so owners can enjoy passive returns from day one.
Project details
| Developer | Nungwi Bay Developments |
|---|---|
| Property type | Apartment |
| Status | Under construction |
| Completion | Q2 2027 |
| Handover year | 2027 |
| Construction | 38% complete โ Superstructure at 38%, MEP installation underway |
| Last update | Jun 15, 2026 |
| Bedrooms | 0-4 |
| Unit sizes | 71โ218 mยฒ |
| Total units | 45 across 5 unit types |
| Available now | 23 units |
| Starting price | $345K up to $1.09M |
| Payment plan | 15% down ยท 40% during build ยท 20% on handover ยท 36mo post-handover |
| Projected ROI | 9โ11% net rental yield |
| Location | Nungwi, Zanzibar โ Nungwi |
Unit types & prices
| Unit | Size | Bedrooms | Price | Available |
|---|---|---|---|---|
| Studio | 71 mยฒ | Studio | $345K | 8 left |
| 1BR Suite | 93 mยฒ | 1 BR | $590K | 5 left |
| 2BR Garden | 104 mยฒ | 2 BR | $690K | 2 left |
| 3BR Penthouse | 179 mยฒ | 3 BR | $825K | 3 left |
| 4BR Villa | 218 mยฒ | 4 BR | $1.09M | 5 left |
Payment plan
๐ก Flexible plan with milestone-based drawdowns during construction. Bank financing available up to 60% LTV via local mortgage partners.
Construction progress
Amenities
Location & neighborhood
Located in Nungwi, Zanzibar, Terraces at Nungwi is walking distance to Nungwi Beach and a short drive from Kendwa Rocks. The neighbourhood is one of the most sought-after enclaves in the region, offering a rare mix of lifestyle amenities and long-term capital appreciation.
๐ Terraces at Nungwi, Nungwi, Zanzibar
- Nungwi Beach Beach 2.1 km โ 7 min
- Kendwa Beach Beach 2.6 km โ 9 min
- Stone Town (capital) Center 49 km โ 1h 19m
- Zanzibar Airport (ZNZ) Airport 55 km โ 1h 28m
- Jozani Forest Landmark 60 km โ 1h 19m
- Paje Beach Beach 64 km โ 1h 23m
Distances are straight-line; drive times are estimated averages.
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