Zanzibar’s investment authority announces strict new real estate regulations

Unguja. The Zanzibar Investment Promotion Authority (ZIPA) has issued a significant public notice regarding the registration and approval requirements for all real estate projects.

This directive applies to the general public, developers, and all sector stakeholders. All real estate projects must now be officially registered with ZIPA before the commencement of any implementation.

This includes a strict prohibition on marketing and buyer solicitation activities prior to formal registration.

The authority has also clarified the status of legal documentation within the sector.

Sale and purchase agreements relating to real estate will no longer be considered valid without official review.

These documents must be approved and endorsed by ZIPA to carry legal weight.

Furthermore, developers applying for building permits must now provide additional documentation.

This includes a signed formal contract between the investor and the appointed contractor responsible for the project.

Prospective buyers and investors are strongly advised to exercise caution.

ZIPA recommends consulting the authority for official verification before entering into any real estate transaction.

These measures aim to ensure transparency and maintain investor compliance across the islands.

The authority remains committed to protecting the rights of home buyers and all end users.

These regulations are intended to safeguard Zanzibar’s reputation as a safe and stable destination for investment.