Frequently Asked Questions

Paje Square,
Paje Town Main Road,
East Cost, Zanzibar,
Zanzibar

Click here to view on Google Maps

Construction will begin Q4 2025. Estimated completion is Q4 2028.

Paje Square is a mixed-use development offering boutique retail, restaurants, cafés, and residences in 7 apartment buildings with commercial units on the ground levels. The apartments can be purchased for self-use or included in the designated management company’s rental scheme.

Paje Square will consist of:

• 44 Studios
• 117 1-Bedroom Apartments
• 42 2-Bedroom Apartments

Paje Square residential apartments are sold fully fitted and furnished, including appliances (fridge, washing/drying combo), kitchen equipment, linen and toweling.

• On-Site 2 Pools for residents
• Playground
• Gardens
• Shopping facilities
• Boutique retail
• Restaurants
• Cafés

Each unit will have a separate water and electricity meter. Billing is per consumption.

Residential properties are fully secured with Access Control, CCTV and a 24/7 Control Room on-site.

Parking bays are available on the project premises.

Parking bays are shared and not allocated to specific apartments.

All units come with air conditioning installed.

Full generator power backup is available. To reduce operational costs and increase the reliability and sustainability of the electrical power supply, a 300kWp Solar Power plant is planned for the project.

The buildings will be constructed with the latest hybrid timber technology, ensuring a low carbon footprint and a sustainable and healthy living environment. The entire project is aiming for advanced EDGE certification.

All units have an optical fibre connection. Contract with Inter Service Provider required.

There is no lift access, and all units will be accessible using stairs.

The rental management is under Town Operation Company, which is managed by renowned Valor Hospitality, the industry-leading hospitality company with a diverse portfolio of hotels and restaurants across the globe. Valor creates memorable customer experiences and delivers exceptional commercial performance for branded and independent hotels and resorts around the world.

• Apartments at Paje Square are sold fully fitted and furnished to a standard which automatically qualifies a buyer for the offered rental scheme.
• Each residential unit is accounted for independently within the scheme, with the owner’s Net Revenue calculated after deducting operating expenses and management fees.
• Residential units are sold as “residential unit types” on the booking platform, managed by a property management system, ensuring equal opportunity for all owners of a specific type to be reserved and occupied.

To ensure the highest quality standards and yields for the entire project, the dedicated Management Company for Facility Management and Rental Scheme is appointed by the developer. Should an apartment owner wish to rent his/her apartment and not self-use, the appointed Management Company rental scheme is required.

Yes, short-term as well as long-term rentals are permitted. Valor hospitality will be managing the short-term rental scheme, please the factsheet detailing the estimated short and long-term rentals here.

All units are sold fully fitted and furnished, including appliances (fridge, washing/drying combo), kitchen equipment, linen and toweling.

No, all units are sold fully furnished with the approved standard furniture package.

Yes, please refer to the factsheet for more information here.

Yes, please refer to the factsheet for more information here.

• Sales are live via the interactive price list: https://sales.pajesquare.com/. 
• You can view and browse all the available units by visiting the user-friendly interactive price list, and also use the filters and sort function to narrow down your search.
• On each unit the layout, all costs and expected rentals are shown.
• Here you can reserve your preferred unit/s with a $500 reservation fee.

Your shortlist acts as a wish list of units that you have quick access to ahead of and on the launch day. Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the Shortlist when sales go live.

To unlock your discount, simply click the green discount button below the price on any unit and follow the prompts to complete your Buyer Profile. Once completed, the discounted price will show on all units on the price list.

Terms & Conditions apply.

All reservations will happen online via the interactive price list.

The below list outlines the steps you’ll need to be familiar with in order to secure the unit you want to purchase.

1. Register and log in to https://sales.pajesquare.com/. 
2. Click the RESERVE button on your selected unit to start the process.
3. Accept the Terms & Conditions and click RESERVE AND PAY.
4. Confirm your details and click PROCEED TO PAYMENT.
5. Your unit is held and you will have 10 minutes to move on to finalise the reservation fee.
6. Complete buyer details and add the unit number to the description.
7. You will then pay your $500 reservation fee.
8. Your unit is now SECURED!*
9. You will then receive an email from our team confirming your reservation.

*Terms & Conditions apply.

Next steps:

• Upon receiving your reservation confirmation email, you will be sent a link to complete a KYC (Know your Customer) form on CPS Africa’s website.
• Once the KYC form is approved, the Agreement of Sale will be sent to you via email, this will need to be signed and returned to us within 7 days from receiving it.
• Payments will follow in increments as construction progresses. Each payment is made after each milestone is completed, and a certificate proves it. The first payment is at contract signing, and the last is due when the construction is complete. This way, you only pay for work that’s already completed. The payment plan is detailed below:

The Payment Plan:

We offer the following value added Paymentplan:

• 25% + 5% – 1st Instalment: with signing PSA (5% Facilitation Fee)
• 20% – 2nd Instalment: with Construction Begin/Award Letter to Contractor
• 20% – 3rd Instalment: with Completion of the Substructure
• 15% – 4th Instalment: with superstructure materials on site
• 15% – 5th Instalment: with Completion of Superstructure
• 5% – 6th Instalment: with handover, personally or digitally

• $3,000 launch day discount. 
• Best selection of units.
• Limited number of units being released by the developer in Phase one. 
• Capital appreciation at 10%p.a. while the development is under construction.
• With sales launch of the second phase of the Project, the prices for the same unit types will increase.
• Rare opportunity to own in an exclusive apartment in the heart of the fastest-growing Beach Town in Zanzibar, with a prime location and proximity to key amenities. 

The developers have made 81 apartments available for sale in the first phase of the project. The second phase with increased apartment prices will be launched later in 2025.

Financing Options in Tanzania are available for Tanzanian Citizens, Diaspora and Permanent residents. Rates and conditions differ from bank to bank.

The Developer is offering a value-added payment plan with 6 instalments linked to progress and construction milestones.

The deal is subject to your KYC (Know your Customer) being approved, and should it not be approved the reservation deposit is paid back to you. The information asked in the KYC Form is a legal requirement by the Anti-Money laundering regulations of Zanzibar.

KYC Form can be found here: https://cps.africa/kyc-form-paje-square/.

A facilitation fee of 5% is due with the 1st Instalment, covering stamp duty ,registration fees,  contract and transfer administration.

Levies are determined in terms of the Purchase and Sales Agreement and calculated based on the total living area of each unit.

They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building and public areas, building insurance and all common running costs of the project.

No hidden costs. VAT (15%) is already included the sales price, and the Facilitation Fee of 5% is based on the Net Sales Price (excl. Vat).

Annual fees are detailed in the Purchase and Sale Agreement.

The contract price is the price the client will pay for the property. 

The other costs applicable are detailed above and include levies.

After the completion of the development, the transfer process will commence. Occupation will be given as soon as a lease title certificate is granted by Zanzibar Condominium Board. You will be able to occupy or rent out your apartment from the date of handover.

1. Zanzibar sees an average annual capital growth of 10%, so your property value is growing at roughly 10% pa but you are only paying the property over the construction period of approximately 24 months.
2. The Real Estate Market in Zanzibar is still young allowing to benefit from strong growth rates and demand while supply is still limited.
3. Regions like the East Coast of Zanzibar are among the fastest growing tourism destinations in the entire East Africa, increasing the demand for short-term but also long-stay and long-term rentals.
4. Many properties in Zanzibar are managed individually with a wide range of quality standards. Purchasing a property with a pre-defined renowned Management Company like Valor Hospitality, ensures not only the highest achievable rates and occupancy, but also the best capital appreciation. 

With a purchase from $100,000 or more on an individual unit:

• 100% foreign ownership with leasehold.
• Resident permit for the buyer, wife/husband/spouse and 4 children. 
• 50% exemption on stamp duty.
• 100% allowance for free repatriation of profit after tax.