Zimbali Coastal Resort sold out

Virgin property at the Zimbali Coastal Resort at Ballito is sold out.

Over a 12 year period, Zimbali has attracted investment in excess of R5bn and fully realised the vision of Tongaat Hulett and IFA Hotels and Resorts, the joint venture partners responsible for the development since 2003.

The partnership successfully created a distinctive and secure environment which complements and conserves the natural eco-system of the area.

Zimbali has won numerous international awards for the best integrated resort in Africa and is regarded as the successful example of an integrated resort development in South Africa.

Thanks to the explosive development of Ballito and the King Shaka International Airport nearby, Zimbali shifted from solely a holiday home destination to one that now offers a permanent home.

Executive at Tongaat Hulett Developments, Dayalan Chetty, said the evolution of the estate had proceeded positively over the past 12 years with the fallout from the 2008/9 global economic downturn that severely impacted the local property sector being largely contained.

“Because Zimbali is a quality offering, the impact was less severe. It has been a well-established brand which provided protection from the global impact,” he said.

Responding to market shifts the developers adjusted the product mix and introduced cluster sites in addition to single homes.