Luxury villas in Zimbabwe Cyber City are now up for sale, with prices ranging from US$520,000 to US$1.1 million, as shown in a brochure distributed by Pam Golding Properties.
Work on the first phase of Cyber City, a US$500 million mixed-use development, which is envisioned to be Africa’s first “smart city”, began in Mount Hampden last year.
The initial phase includes 50 luxury villas out of the planned 233 luxury villas, with an expected completion timeline of 18 to 24 months. The ambitious Zimbabwe e-city, led by Malak International Holdings, aspires to become Africa’s first “smart city” and aims to revolutionize the country’s economic and social landscape.
The five-bedroom detached villa is priced at US$1.15 million (cash price) and offers the ultimate in luxury and comfort, making it the ideal investment for those seeking an unparalleled lifestyle. Aside from cash payment, potential buyers can opt for a 12-month payment plan with a 5 percent reservation fee of $57,000.
This is followed by a 25 percent down payment Installments of $287,000 for four months.
The same 12-month payment plan also applies to a four-bedroom detached villa priced at US$1.08 million, followed by a three-bedroom townhouse at US$880,000 and a two-bedroom detached villa at US$520,000. .
International cricketers, local pension fund managers and Zimbabwean expatriates have expressed interest in buying properties, Mulk International chairman Nawab Shaji UL Mulk told the Finance and Business Herald last year.
Zim Cyber City is Mulk International’s first real estate project in Zimbabwe, and is managed through its locally registered subsidiary, Zimbabwe Global Investments (ZGI).
This process falls within the special economic zone program approved by the government.
The incentive program will strengthen the business ecosystem by leveraging sustainable growth and mobilizing investments in the country. All projects under ZGI will receive Special Economic Zone status. ZGI is responsible for establishing a special window to clear all foreign direct investments in Zimbabwe and obtain fast track permits.
Spanning 2.5 million square feet, the project is located within the Mount Hampden masterplan which includes the newly completed Parliament House.
It will also include government offices and high-end residential and commercial properties.
Many compare Zim Cyber City to the downtown developments and Sheikh Zayed Road in Dubai, United Arab Emirates.
It will provide a high standard of living and a rich society.
Mulk International is a multinational group of companies with diversified business interests covering primarily four sectors – real estate, construction, building materials, sports assets and healthcare. For more than two decades, Malak International has owned and operated a group of 18 companies under the leadership of Shaji Al-Mulk.
The company has achieved global fame thanks to the emergence of its leading brand, Alubond, as the largest exterior facade panel in the world. Zim Cyber City is Mulk International’s latest initiative and is set to become another global landmark.
Mulk International has successfully entered into many promising joint ventures with industry giants around the world, making it an award-winning industrial powerhouse. Announce
