Free copy NOV - DEC, 2016 | ISSUE No. 20 | ISSN - 1821 - 987X
Our New Projects
Residence
Properties | Investments | Lifestyle | Business | News
PIL na PBZ zashirikiana kuwezesha mkopo wa kumiliki Kiwanja kwa gharama nafuu.
Dunduliza, timiza malengo
Kwa marejesho ya
Miaka 3
For more details see page 22 Properties
|
Investments
|
Lifestyle
|
Business
|
News
Tumekupimia, Tumechonga barabara Umeme karibu, hata maji pia yapo Ardhi ni hazina ya kudumu, Njoo ununue kiwanja kwa gharama nafuu zaidi, viwanja vya makazi, biashara na Viwanda vinapatikana. Baadhi ya miradi yetu SONGANI GARDENS Tundwi Songani Kigamboni
Tundwi Songani Kigamboni
Kibaha Maili moja
Km 12 kutoka Kiwanda cha Saruji Kimbiji
Km 12 kutoka Kiwanda cha Saruji Kimbiji
Km 4.5 kutoka Hospitali ya Tumbi
Tsh. 10,000/=
Tsh. 11,000/=
Tsh. 12,000/=
Kwa Mita Mraba
Kwa Mita Mraba
Kwa Mita Mraba
Mpigie Raawya: 0717000 003
Mpigie Amina: 0785 449 546
Mpigie Rhoda: 0785 449 547
Kwa maelezo zaidi
0684 633 333 0717 000 003
Property International Limited, P. O. Box 45548, 8th Floor Mariam Tower, Songea, Shaurimoyo Road, Dar es salaam, Tanzania, Tel: +255 684 633 333, info@propertyinternationalltd.com Web: www.propertyinternationalltd.com *Vigezo na masharti kuzingatiwa
FEATURE
Property International Limited yakutana na viongozi wa manispaa ya Wilaya ya Temeke
Mkurugenzi Mkuu Albdul Haleem Zahran na Meneja Masoko wa Property International Limited, wakijibu hoja za wenyeviti. Mkurugenzi Mkuu wa Property International Limited Abdul Haleem Zahran akizungumza na viongozi wa manispaa ya wilaya ya Temeke.
12 November 2016. Property International Ltd ilipata fursa ya kuungana na wenyeviti wa selikali za mitaa, Manispaa ya Temeke, kwenye mkutano wa uchaguzi wa wenyeviti wapya. PIL ilipata fursa ya kuwaelimisha wenyeviti kuhusu miradi waliyo nayo pamoja na wadau wakuu wanaoshirikiana nao kwenye uuzaji wa viwanja vilivyo pimwa kwa ajili ya makazi bora. Kauli mbiu ya PIL ni "Jenga kwa mpango, epuka makazi holela." Katika mkutano huu PIL iliweza kupata ushirikiano wa wenyeviti ili kuweza kuwafikia wananchi kupitia mikutano ya selikali za mitaa.
Wenyeviti wakisikiliza majibu kwa umakini.
DEAR ESTEEMED CUSTOMERS FOLLOWING TITLES DEEDS ARE READY FOR COLLECTION FOR COLLECTION At Property International
At Bayport
PLOT#
BLOCK
PROJECT
PLOT#
BLOCK
Chekeni Farm
146
P
Vikuruti
1197
J
Vikuruti
1210
J
Chekeni Farm
149
P
Vikuruti
1113
J
Vikuruti
1246
J
Chekeni Village 2
91
M
Vikuruti
1670
J
Vikuruti
1257
J
Coco Palms
73
S
Vikuruti
1564
J
Vikuruti
1263
J
Coco Palms
75
S
Vikuruti
1541
J
Vikuruti
1284
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Hayat Residence
182
L
Vikuruti
1393
J
Vikuruti
1323
J
Vikuruti
932
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Vikuruti
775
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Vikuruti
1325
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Bokotimiza
213
B
Vikuruti
921
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Vikuruti
1385
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Ruby Estate
85
B&C
Vikuruti
1017
J
Vikuruti
1521
J
Ruby Estate
95
B&C
Vikuruti
1159
J
Vikuruti
1540
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Songani Garden
48
K
Vikuruti
1148
J
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1644
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1680
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Vikuruti
1193
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At Amana Bank
PROJECT
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Chekeni Village
78
Chekeni Farm
41
Chekeni Farm African Palm
PROJECT
At Amana Bank
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At Bayport
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Coco Palms
274
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Vikuruti
1537
J
P
Coco Palms
319
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Vikuruti
1177
J
100
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Coco Palms
265
S
Bokotimiza
149
B
168
CC
Hayat Residence 248
L
Bokotimiza
344
B
African Palm
92
CC
Hayat Residence 249
L
African Palm
57
CC
Hayat Residence 337
L
African Palm
215
CC
Hayat Residence 367
L
African Palm
172
CC
Vikuruti
J
4
980
BLOCK
At Amana Bank
PROJECT
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BLOCK
PIM. Issue no.20, Nov - Dec 2016
Properties | Investments | Lifestyle | Business | News
Kwa utaalamu wa hali ya juu tuna hakikisha viwanja vyote vimepimwa kwa umakini na mji kamili ulio pangwa kwa mpangilio.
Hapa Makazi tu!
PROPERTY INTERNATIONAL LTD DREAM TO REALITY
Other Services
Office Space Design Building Permit Facilitation Real Estate Feasibility Studies Drone Hiring Services Call us today: 0684 633 333 / 0717 000 003 5
NOV - DEC | ISSUE No. 20 | ISSN - 1821 - 987X
www.propertyinternationalltd.com
Contents
A fresh approach to real estate by PIL and PBZ
Welcome to the Drone Age.
Small places called Home
20
16
26
32
Calculating yield
for the new Africa master plan?
6
22
Farewell Baraka Obama
Rustic Wrought Iron
36
40
FOREWORD
P
roperty International is once
the financial feasibility of investments relevant
more very glad to introduce
criteria have to be chosen. Financial feasibility
a very critical service in her
calculations need to be done with care and the
portfolio. This is none other
complexity of the calculations depends on the
than the services of conducting
number of different aspects of the project that
feasibility studies in the real
need to be considered. The assumptions used
estate sector. Before a real estate investment
in the calculations can, and often will, change
decision is made it is necessary to determine
as the project progresses and then the analysis
whether or not the planned real estate investment
needs to be updated. Using mathematical
idea is feasible. The feasibility of a real estate
models for the calculations makes it easier and
investment has to be considered with respect
less time consuming to update the analysis.
to several different aspects in order to determine
It also makes it easier to conduct sensitivity
whether the investment should be carried out or
analysis on key parameters, which makes
not.
it possible for investors to envision different scenarios and possibly mitigate risk associated
Carrying out a real estate feasibility analysis is
with these parameters.
PIM. Issue no.20, Nov - Dec 2016
A word on investment from Chief Operating Officer
George Obado Chief Operating Officer
therefore one of the most critical steps in the investment decision-making process.
For investors to engage in a new investment
A real estate feasibility analysis is an effective
project, the project has to be financially viable.
analytical tool that can be used to evaluate real
Invested capital must show the potential to
estate investments from various perspectives,
generate an economic return to investors at
e.g. technical, social, legal, financial, market,
least equal to that available from other similarly
economical and organizational.
risky investments, i.e. the return on investment
PROPERTY INTERNATIONAL LTD DREAM TO REALITY
needs to be equal or higher. For example, a real In this first series article, I will examine the
estate investor expects a shopping-mall facility,
significance of financial feasibilities analysis
for instance, to generate sufficient cash flows
for real estate investment projects. Financial
from operation to pay for the construction of the
feasibility is often a predominant factor in real
facility and ongoing operating expenses and,
estate feasibility analysis, as most real estate
additionally, have an attractive interest rate of
investments shall be considered not viable if they
return.
do not generate profit for the project owners. Estimates of the cost of operating and Precision and reliability of financial feasibility
maintaining the shopping mall facility, as well
analysis relies on the accuracy of information
as expected income generated, are therefore
used in the analysis. The financial feasibility
essential in determining the financial feasibility of
analysis is usually preceded by the market
the facility. Next time you plan to invest in the
analysis and validation thereof. The appropriate
real estate sector, have a chat with the experts
level of detail has to be decided with respect
first.
to what stage the investment is on. To assess
Merry Christmas and happy Prosperous 2017. 7
The right decision for your dream is here, own a plot today “It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.” Donald Trump
Miliki Kiwanja, Miliki Hati
Tsh. 25,000/= per sqm
River Nguva
Riverside Palm Residence is a Property International flagship project located 17 Km from the new Kigamboni Bridge and exactly opposite Dar es Salaam Zoo. It is made up of a total of 141 serviced plots of which 126 are luxurious residential plots, 12 are mixed commercial/residential plots, and 3 open public plots. The project is located by the main road from Kibada to Mwasonga and just about 12 km past Kibada Centre. Other key landmark features near the project is the Oilcom Milk Factory. The plots are easily accessible through the new bridge as well as the Kigamboni Ferry from the city of Dar es Salaam Central Business District (CBD).
For More Information please call Leila: 0684 633 333
WELCOME
The sounds of a jingle bell!!!!
A
s we edge closer to year end, it is time to look back at all setbacks and achievements made through 2016. Have you managed to buy your best plot that you have been saving money for to build your dream house?
Perhaps you already have your dream house or retirement house. Your next move is to invest in rental houses or commercial buildings for offices and businesses. Have you thought about building modern frames to let? Forget about old spooky, small aluminium frames. The business of real estate does not end. Once you achieve one goal, you step up to the next goal, and that’s where our wealth lays. You are advised before you start to invest in property business, get an agent to undertake comparative market analysis and conduct a feasibility study, especially if you are planning to invest in a property –to for leasing purposes. The agents will advice you the correct price that is in the market, so you don’t over spend in construction or buying and hiking the price above the market price. Well, we have prepared great content that will help you think through your major decisions for this year-end and next year. Do you know the perfect investment property for you? Do you know how to calculate your net yield for your property? We have got all these and more. Just like you, we can’t be more excited to unfold the best stories out there in hope to make Tanzania get stronger and better in its economy.
Magazine Editor
Wishing you a happy festive season.
Mwaka unakwisha umeshatimiza malengo?
10
Properties | Investments | Lifestyle | Business | News
Chukua hatua, okoa maisha yako, Njoo tukusaidie kumiliki kiwanja kilicho na hati na kwa makazi yaliyo salama, TIMIZA MALENGO
E. Mwamanga Editor
Joseph Steven Creative Designer & Photographer
Advertising & Marketing
PIM. Issue no.20, Nov - Dec 2016
Editorial
Leila Maingu Sales & Marketing Manager
Project Champions
Epuka kuishi katika makazi yasiyo salama, Epuka mafuriko, Jenga kwa mpango epuka makazi holela
Hayat Abdul Aziz
Latifa G. Cynthia
Rhoda J. Mazara
Amina Abdul
Raawya Jalal
Kudula Ramadhan Distribution
Fahad M. Massoud Photographer
PROPERTY INTERNATIONAL LTD DREAM TO REALITY
Published & Distributed by Property International Limited, P. O. Box 45548, 8th Floor Mariam Tower, Songea Road, Shaurimoyo Road, Dar Es salaam, Tanzania, Tel: +255 684 633 333, Copyright Š 2016. All rights reserved
11
7
A4
DU
630 SQM
437 SQM
555 SQM
77.55m
532 SQM
618 SQM
373 SQM
IPC136 DUA46
4m
7.3
15
15
m
1
185
11,136 sq.m
565 SQM
582 SQM
688 SQM
684 SQM
A5
m
A58
619 SQM
814 SQM
748 SQM
761 SQM
10
0
2m
224
1
10
SERVICE
1,262 SQM
902 SQM
24
10
m
.88
129
DUE23
227
934 SQM
855 SQM
728 SQM
800 SQM
800 SQM
800 SQM
800 SQM
800 SQM
800 SQM
792 SQM
7
E1
DU
DUE21
230
39.60m
1,003 sq.m
0m
0m
13.6
218
220
5m
17.4
229
1,549 sq.m
41.83m
IPC195
DUE19
202
DUA237
28.14m DUA236
193
20.72m 4m
3.7
IPC117
IPC116
192 m
32.59
203
18.42m
8.17m
2
DUA23
m
m19.91
5.46
IPC115
20
204
20.05
18.03m
1,342 SQM
24.25m
232
1,223 sq.m
DUA255
13.18m
DUA258
24.18m
25.02m
7m
7 IPC107
5
0m 700 sq.m
679 SQM
800 sq.m
800 sq.m
20.00m
800 sq.m
1,338 sq.m
DUA260
27.23m
255
1,192 sq.m
26.86m
254
20.00m
244
800 sq.m
20.00m
63
25.00m A2
DU
256
1,201 sq.m
25.05m
10
20.00m
800 sq.m
243 245
20.00m
242
26.92m
241 800 sq.m
20.00m
240
10
25.02m
234
1,001 sq.m
25.02m
20.00m
248
800 sq.m
20.00m
25.02m
236
1,001 sq.m
25.02m
6m
917 sq.m
259
24.59m
258
1,227 sq.m
DUA266
IPC174
IPC173
16.60m .3 DUA2677 26.11m
20.00m
64 A2 DU
25.00m
257
1,158 sq.m
25.05m
20.00m
800 sq.m
251
24.89m
250
1,009 sq.m
3m
IPC105 IPC106
1,051 SQM
1,115 SQM
1,081 SQM
800 SQM
1,532 SQM
DUE134
115
608 sq.m
20.00m
15.00m
147
43.20m
264
1,223 sq.m
48.79m
263
1,228 sq.m
48.75m
262
1,071 sq.m
788 SQM
117
20.00m
602 sq.m
624 sq.m
150
20.00m
149
20.00m
20.00m
618 sq.m
DUA202
6m
151
603 sq.m
6.8
617 sq.m
17.87m
673 sq.m
266
265
847 sq.m
25.28m
16.82m
554 sq.m
289 23.89m 290
696 sq.m
DUA197
0m21.30m
747 SQM
267
609 sq.m
609 sq.m
597 sq.m
158
589 sq.m
270
20.00m
272
10
20.03m
728 sq.m
298
297
575 sq.m
20.00m
547 sq.m
40.01
560 sq.m
163
164
616 sq.m
276 664 sq.m
580 sq.m
20.00m
572 sq.m
166
657 sq.m
20.00m
20.00m
620 sq.m
20.00m
165
20.00m
40.01m 40.04m
304
168
279
664 sq.m
20.00m
663 sq.m
280
305
306
598 sq.m
20.01m
585 sq.m
317 26.39m
136
137 601 sq.m
170
627 sq.m
20.00m
IPC7 4
172
631 sq.m
20.00m
565 sq.m
20.00m
20.00m
600 sq.m
20.00m
630 sq.m
281
282
0
629 sq.m
10
307
794 SQM 783 SQM
770 SQM
856 sq.m
35.31m
E DU
32
13
5
31.67m
848 sq.m
23.76m
309
312
18.87m
DUA221
319
1,018 sq.m
26.11m
IPC166
2m 7.3 DUA219
m
IPC153 IPC154
DUA1747
.45
m
644 sq.m
29.76
754 sq.m
813 sq.m
26.04m
25.92m
310
748 sq.m
23.66m
802 sq.m
286
178
701 sq.m
20.00m
177
588 sq.m
IPC98
IPC97
IPC152
IPC151
7.0
7m
31.10m
284
DUA139
16.79m
DUA171
27.89m
DUA175
DUA132
143
20.19m
595 sq.m
17.36m
175 639 sq.m
176
22.79m
6m
m 20.00m 15.57 m .05 DUA1387
20.00m
288
DUA1 7
IPC70
.8 DUA146
36.01m
891 sq.m
30
555 sq.m
23.42m
34.61m 874 sq.m
28
20.00m
656 sq.m
311
287 23.42m
686 sq.m
768 SQM 664 SQM
285
m 722 sq.m
30.11
767 SQM 644 SQM
24.42m
318
1,047 sq.m
283
33.21m
33.91m
26
597 sq.m
20.00m
722 sq.m
626 sq.m
31.41m
DUA177
23.47m 28.67m
20.03m
613 sq.m
308
20.03m
585 sq.m
20.02m
IPC156 IPC155
15
20.00m
174
635 sq.m
20.00m
173
559 sq.m
20.00m
20.00m
599 sq.m
4m 27.94m 7.1
599 sq.m
20.00m
DUA132
843 sq.m
31
29
892 sq.m
27
874 sq.m
4m
32.51m
22
822 sq.m
839 sq.m
140 20.00m 139 141 20.00m 142 20.00m
138
600 sq.m
857 sq.m
34.62m
27.3
1,131 sq.m
20
23 24 25
33.92m
35.32m
21 839 sq.m
33.22m
822 sq.m
19
1,321 sq.m
32.52m
31.68m DUA12
DUA9
7m 27.01m 6.3
IPC68
36.02m
DUA184 IPC149 IPC150 DUA182
14.15m
IPC67
20.00m
169 171
573 sq.m
20.00m
794 SQM
652 SQM
m
601 sq.m
20.00m
34
IPC96
.44
20.00m
20.00m
19.15m
19.07m
DUA216
7m
1,061 sq.m
7.1
33
A1
m
DU
.61
DUA1337
20.00m
20.02m
20.03m
776 SQM
710 SQM
167
549 sq.m
20.00m
20.00m
DUA209
723 SQM
602 sq.m
135
20.00m
602 sq.m
20
DUA5
IPC71
1,432 sq.m
36 DUE1
23.68m
134
594 sq.m
m
IPC72
.42
20.00m
20.00m
20.00m
10
20
DU 3m A4.9 9
DU A1 35
34
35
1,191 SQM
10
10
10
18
17
957 sq.m
20.00m
IPC165
622 sq.m
22.19m
303
672 sq.m
16
1,093 sq.m
20.00m 14.15m .01m DUA18 7
23.97m
723 SQM
800 SQM
656 sq.m
278
20.00m
20.40m
DUA223
35.02m 815 sq.m
133 604 sq.m
20.00m
14
1,070 sq.m
42.15m
1,647 sq.m
604 sq.m
132
40.89m
10
1,040 sq.m
1,081 sq.m
20.00m
39.63m
43.42m
30.9 8m
37
8
975 sq.m
44.65m
2
10
37.10m
4
38.36m
1,038 sq.m
12
35.84m
943 sq.m
6
30.1 1m
2
813 sq.m
912 sq.m
1,006 sq.m
45.72m
DUA
33.67m
585 sq.m
20.00m
5
DUE1
20.00m
DUA213 IPC 164
302
20.01m
301
10
36
275 277
664 sq.m
DUA185
15.85m 4m
20.03m
316
131 605 sq.m
591 sq.m
15.85m
800 sq.m
605 sq.m
20.00m
130
20.00m
20.00m
20.85m
800 SQM
2,138 SQM
1,691 SQM
10
689 SQM
800 sq.m
313
37
1,103 sq.m
20.00m
315
300
299
577 sq.m
20.00m
38
1,124 sq.m
28.5 4m
20.00m
7.1
15
20.00m
IPC157 DUA19 1
20.03m
314 m
800 SQM
10
20.01m
798 sq.m
35.02m
40.01m
162
613 sq.m
IPC158
19.29m 1m .0 DUA1937
DUA212
7m
795 sq.m
273
274
24.29m
20.03m
161
598 sq.m
20.00m
20.00m
606 sq.m
129
606 sq.m
20.00m
10
13
1,051 sq.m
DUE1
27.06m
128
20.00m
C7 5
38
1,024 sq.m
42.56m
1,766 sq.m
20.00m
20.00m
19.29m
20.01m
39
IP
997 sq.m
11
3
943 sq.m
970 sq.m
7
1
980 sq.m
916 sq.m
38.25m
9
A4
37.17m
39.33m
41.48m
DU
3m 30.1 3m
36.10m
6.7
IPC66
40.41m
2,116 sq.m
5.38m
IP C76
DUA189 IPC147 IPC148
15.00m
160
596 sq.m
20.00m
800 SQM
DUA224
7.1
IPC163
20.03m
534 sq.m
296
20.01m
1,423 SQM
294
20.01m
522 sq.m
572 sq.m
20.00m
20.00m
599 sq.m
20.00m
660 sq.m
20.00m
293 295
570 sq.m
20.00m
m m 915.00
591 sq.m
159
7.0
DUA141
IPC145 IPC146 DUA133
269 271
655 sq.m
20.00m
10
608 sq.m
127
608 sq.m
20.00m
2
27.3 4m
24.87m
20.00m
A2
1,349 sq.m
20.00m
124 126 125
20.00m
20.00m
157
594 sq.m
20.00m
20.00m
1,120 SQM
1,038 SQM
15.00m
10
IPC95 DUA116
20.00m
IPC94
DUA144 IPC100 IPC99
15.00m .12m DUA1357
1,108 SQM
20.03m
509 sq.m
20.01m
291 292
567 sq.m
20.00m
20.00m
580 sq.m
268
650 sq.m
20.00m
774 SQM
1,144 SQM
613 sq.m
20.00m
1,130 SQM
DUA208
155
606 sq.m
20.00m
20.00m 15
15.00m
598 sq.m
123
20.00m
122
598 sq.m
DUA150
IPC101 DUA145
20.00m
IPC102
10
7.0
m 0m 715.0
DUA118
30.69m
0m
0m
3m 5.3
0m
35.0
725 sq.m
IPC92 IPC93
35.0
50
52
35.0 0m
46
702 sq.m
48
0m
387 sq.m
5m
44
524 sq.m
35.0
42
35.1
3
DU
IPC7
35 .39 m
1,100 sq.m
40
700 sq.m
35.0
700 sq.m
700 sq.m
53 54
154 156
20.00m
153
604 sq.m
20.00m
DUA148
599 sq.m
121
20.00m
599 sq.m
120
20.00m
DUA200
IPC159 DUA194
6.7
DUA1
31.46m
51
49
700 sq.m
969 sq.m
0m
35.0
47
700 sq.m
0m
700 sq.m
35.0 0m
43
0m
41
570 sq.m
m
.39
35
638 sq.m
45
5m
35.1
7
IP C7
4.93m
35.0
701 sq.m
35.0
35.0 0m
m 15.00m .09 7
3m 23.03m
20.00m
621 sq.m
152
1,000 SQM
937 SQM
20.00m
20.00m
IPC162
990 SQM
119 613 sq.m
20.00m
118
10
10
20.00m 15.00 52 m
IPC91 DUA153
20.00m
IPC160
10
0m
611 sq.m
IPC143 IPC144
858 SQM
874 SQM 1,428 SQM
633 SQM
602 SQM
681 SQM
10
991 SQM
10
838 SQM
IPC90
0m
20.00m
611 sq.m
20.00m
0m
0m
7.5
DUA156
DUA2056.5 IPC161
48.64m
261
1,069 sq.m
48.54m
260
1,260 sq.m
43.38m
20.00m
628 sq.m
148
20.00m
601 sq.m
20.00m
DUA247
DUA203
DUA204
800 SQM
944 SQM
788 SQM
599 sq.m
146
20.00m
35.0
114 116
599 sq.m
843 SQM 997 SQM
1,291 SQM
10
DUA168
31.63m m m 715.00
7.0
IPC89
70
72
700 sq.m
35.0
68
700 sq.m
35.0 0m
620 sq.m
4m
700 sq.m
0m
700 sq.m
700 sq.m
0m
55
1,144 sq.m
35.0
58 35.0 0m
60 35.0
62
64
66
700 sq.m
35.0
57
35.0
DUA1 59
700 sq.m
7435.00m
583 sq.m
IPC104 IPC103 DUA 225
9m
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20.00m
DUA170 7
145
839 SQM 953 SQM
1,105 SQM
OS 2,206 sq.m
20.00m
75
828 sq.m
0m
35.0
73
0m
69
700 sq.m
71
65
700 sq.m
67
61
63
673 sq.m
4m
56
1,343 sq.m
5m
34.9
59
34.9
698 sq.m
0m
34.9
2.11m
699 sq.m
699 sq.m
2m
34.9
642 sq.m
2m
34.9
700 sq.m
700 sq.m
IPC8 4 IPC8 5
35.0 0m
0m
35.0
35.0 0m
DUA163 DUA165 IPC 88
598 sq.m
1,255 SQM
700 SQM
DUA162
685 sq.m
35.0
31.46m
635 SQM 625 SQM
144
DUE133
19.41m
514 sq.m
10
3m20.31m
7.7
IPC87
IPC86
32.66m
DUA122
DUA123
755 SQM
1,046 SQM
1,261 SQM
0m
9.66m 20.00m 2m 7.5
800 SQM
15 IPC168
IPC167
.9 DUA2726 DUA271
20.07m
19.45m
237
965. sq.m.
DUA274
23.25m
1,013 SQM 943 SQM
247 249 800 sq.m
20.00m
246
800 sq.m
20.00m
25.02m
235
1,001 sq.m
25.02m
987 SQM 998 SQM
6
DUA24
700 SQM
0m
35.0
700 sq.m
113 11235.00m
0m
0m
35.0
700 sq.m
111 110
0m
35.0
0m
35.0
700 sq.m
700 sq.m
0m
35.0
0m
35.0
0m
700 sq.m
98
700 sq.m
102 700 sq.m
105 104
0m
107 106
109 108
700 sq.m
700 sq.m
35.0
35.0
0m
96
35.0
0m
700 sq.m
0m
0m
700 sq.m
92
m
731 sq.m
0m
700 sq.m
0m
m DU A1104.67
DU A1 13
5m
700 sq.m
9m
34.9
30.8
84
0m
685 sq.m
82
30.0
0m
700 sq.m
0m
78
76
32 .3 9m 677 sq.m
35.0
7m 35.0
80 35.0
79
81
0m
77
1,138 sq.m
0m
35.0
83
86
621 sq.m
35.0
35.0
10
35.0
88 35.05
90
0
DUA3
94 35.0
700 sq.m
35.0
101 100
103
700 sq.m
99
0m
700 sq.m
700 sq.m
0m
35.0
97
0m
95
0m
93
89
91
0m
700 sq.m
35.0
5m
33.8
85
87
700 sq.m
0m
35.0
6m
685 sq.m
DU
A 3.29m 95 31 .1 9m
IPC81
700 sq.m
35.0
0m
35.0
0m
685 sq.m
0m
35.0
00
30.0
0m 700 sq.m
20.0 30.8
9
A9
A1
DU
m
2 DU
IPC8
4.66
IPC 83
794 sq.m
671 sq.m
35.0
700 sq.m
35.0 700 sq.m
700 sq.m
0m
700 sq.m
700 sq.m
0m
IPC112
35.0
35.0
35.0
35.0
35.0
0m
35.0
699 SQM
DUA24
IPC110
10
11
IPC1
0m
A1074.5
DU
04
A1
DU
809 SQM801 SQM801 SQM788 SQM
801 SQM
20.00m
233
1,001 sq.m
25.02m
20.00m
DUA259
253
1,055 sq.m
26.60m
252
1,439 sq.m
DUA256
6.55m
7
4m
42.9
.m
4 sq
1,37
.m
2 sq
5m
1,18
45.7
m
.62
40
189
10
24
IPC1
191
918 SQM
DUA241 25.12m IPC108
210
IPC109
m
.95
m
200
26.93
DUA2394
m
DUA22
23.36
10
190
6m
201
21.15m
16.39m
5.3 DUA24
18.53m
981 SQM
20.00m
3m 24.60m 6.6
IPC172
IPC171
239 812 sq.m
23.04m
238
1,006 sq.m
DUA252
3m22.90m
6.6
IPC169
IPC170 DUA250
m
199
209 211
18.50m
198
20.02
m
18.55
20.02
798 SQM
991 SQM 798 SQM
31.33m
m
206 208m
18.00m
15
196
m
20.00
0m
3
DUA2
801 SQM799 SQM801 SQM 801 SQM801 SQM 801 SQM788 SQM
IPC118 DUA24 20.03m 4
m
10
.m
3 sq
.
.m
39.7
188
4 sq
1,27
44.5
9m
44.0
1,46
4
1
A3
DU
6m
7.4
IPC 113
A3
DU
m
23
22
IPC1
IPC1
6,923 SQM
A36
20.00m
197
m
A27
DU
A26
DU
2m
76.0
6.69
179 sq.m
14 DU
IPC1
01
12,8
2
DUA8
20.02
18.05
10
20.02
205 207
20.00m
1,177 SQM
m
195
m
194
20.00m
15
20.02
m
20.02
.m
8 sq
6,09
m
21
IPC1
7.24
IPC1
A83
DU A86
DU
m
.53
103
183
9m
5m
88.4
92.4
m
MAIN ROAD
965 SQM
889 SQM
711 SQM
711 SQM
800 SQM
800 SQM
809 SQM
818 SQM
800 SQM
804 SQM
40.44m
231
3m
7m
.m
79
DUA
DUA80
1 sq
8,10
IPC119
IPC194
DUE15.6 4 IPC195 DUE1 5
7m
19.4
1,599 sq.m
9
DUE2
9m
7.
04m
26
IPC1
8.1
DUA40
3m
89.6
DUE2
27
IPC1
184
A75
1,038 sq.m
9m
76
DUA
DU
12.4
219
988 sq.m
21.3
DUE7
3m
28.0
1,151 sq.m
m .17 48
1,256 sq.m
228
DUE7 2
2m
20.0
216
34.1
217
23.1 4m
801 sq.m
226
653 sq.m
2m
m
7.07
IPC1 28 IPC12 9
801 sq.m
2m
20.0
801 sq.m
20.0 2m
20.0 DUE61 2m
225
20.0 2m
223
DU E
12.3
20.0 2m
801 sq.m
801 sq.m
215
2m
214
801 sq.m
2m
20.0
7,864 SQM
2m
20.0
DUE3
212
20.0
213
2m
20.0
949 SQM
1,139 SQM
923 SQM
809 SQM
20
801 sq.m
2m
A70
DU
5,907 SQM
10
IPC1 30
10,288 sq.m
187
137.79m
801 sq.m
2m
20.0
801 sq.m
DUE8.02m DUE1
20.0
DUE1
31
m
IPC1
7.07
A67
DU
A72
A73
DU DU
HOUSING ESTATE
A66
DU
m
5m
182
88.6
103 .12 m
10
HOUSING ESTATE
801 sq.m
20.0
PBR
E25
2m
20.0
222
801 sq.m
20.0 2m DU
15
2
7.22
C13
6 sq .m
33 IP
IPC1
221 16 m
809 SQM 853 SQM
1,044 SQM
10
63
DUA
0m
180
174 .3
sq.m
6,98
11 ,160
92.3 8m
DU A56
m
7.26
731 SQM
IPC134 DUA41
689 SQM
731 SQM
10
m 7m
70.0
DU
2m
8.5
676 SQM
689 SQM
m DUA44 IPC135
8,711 sq.m
186
IPC140
IPC139
7.26
181
739 SQM
8,468 SQM
SERVICE TRADE
701 SQM
937 SQM
767 SQM
688 SQM
10
80.56m
7m
6m
DU
68.0
70.0
2
A5
6
DUA
.m
7 sq
A55
DU
7
A9 DU
35.1
m .37 54 6,39
m
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A5
m
78
753 SQM
IPC 138 DU IPC A5 137 0 DU A4 9
7.22
48
DUA
78
4
A5
DU
45
DUA
1m
9 DU
.56
3.3
13
.10 60 43
53 62 DUA
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m
64 DUA
DU
m 8 42
m
A77
7.19
.51
A78
A5
40
85
4m
A7
DU
DU
65
4m
DUA
4m
4m
7.9 1
40.0
DUA
40.0 4m
4m 4m
4m
40.0 4m
40.0
38.8
4m
40.0
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40.0
4m 40.0
1
DU
8m
40.0
DU
A68
A7
0m 75.0
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40.0 m
4m
0m 40.0 DUE18
4m
40.0 1.8 7
40.0
60.0 A69
DU
51.0 DU
40.0 4m
DU
2m DUE4
4
m
85
55.9 .m
0
m
2m sq
75
3
.62
35.17m
40.29
DUA
23 DUA
42 39
A234
sq.m 63
1,0
DUA
DU
m .53 35 sq.m 1,084
2m 41
34.14m
DUA235
DUA243 DUA248
DUA249 DUA253
40.03m
m
IPC142
40.00m
DUA238
32.51m
132 .0 677 sq.m
747 sq.m
518 sq.m
5m 751
84
40.00m
40.00m
50.73m
42. 84m
40.03m
48.90m
34.29m
2m
2
40.03m
DUA9
DU
m .09 75 sq.m
41.4
DUA
.43m
A81
828 sq.m
37.7
828 sq.m 666 sq.m
9m 3
40.00m
40.00m
40.00m
44.25m
40.00m 40.00m
47.19m
40.03m
m
25
24.
40.00m
40.00m
40.00m
DUA26238m
40.00m
45.48m
19
3 A92 DU
DUA3
25.25 25.02 25.02 m
16.16m
IPC1
641 sq.m
4m .5 61 A2 DU
DUA254
DUA257
428 sq.m
32.43m
33.43m
sq.m
DU
29.31m 31.85m
570 sq.m
595 sq.m
50.1 DU14 5 A3 DU
m
0m
1m 6m sq.m
5.0 5
37.3
29.0 36.8
828 sq.m
557 sq.m
DUA3 733
742 597 sq.m
5
2m
3m
41.41m 30.90m
32.65m
A28
DUA2
36.4
13
37
6m
0m
985 sq.m
2
DUA24
4m
25.0 41.4 516 sq.m
4
0m
21
0m
DUA2
20.0 0m
3m 0m
3.10 m DU
sq.m 1,067
22.1
DUA227.74m 48
28
DUA2
0m
24.7 20.0
0m
9m 1m
20.0 0m
0m
27.7 31.7
20.0
30.9
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20.0
20.0
9
9m
20.0
0m
20.0
20.0 0m
20.0
6m
19.8
0m 0m
20.0
20
0m
20.0
DUA273
5m 24 DUA1
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35.10m
15.67m DUA268 35.14m
DUA265
19.39m
40.03m
38.86m
23.5
0m
7m
24
98
20.0 0m
0m
DUA2
19.8
20.0 20.0
0m
9
SQ M
.00m
0m
20.0
0m
20.0
20.0 0m
5m
20.0
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20.0
0m
0m
0m
29.87m
0 74
20.0
7m
15.8
20.0 0m
15.8
18.4 20
20.0 0m
0m
0m 0m
0m 1m
20.0
20.0
20.0 64 DUA1
53.2
20.0 20.0 21 DUA1
21.7 9m
20 .00m 61
SQ M
m
0m 9.13
20.0
2m DUA166
DUA1
0m 03
0m 51.72m DUA169
0m
0m
20.0 29.93m
DUA226
30.00m 31.51m
M
m
26.2
0m 0m
20.0 0m
20.0 DUA1
20.0 0m
0m
0m
6m
20.0
20.0
.00m 23.2
20.0 0m
20.0 60
20.0
0m 20.0
20.0
0m 20.0 25.36m
22.03m 22.03m
25. 19m
20.0 7m
15.8 20.0 m
6.06
DUA1
5m
20 20
20.0
0m
13.9 DUA167
25.57m
0m 30.57m
30.95m
30.06m 31.31m
2
SQ M 85 SQ M 48
7
22.36m
26.08m
15.8
DU
.00 m 20.0
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22.03m 22.03m
25.20m DUA206
m
20.0 A111 m
20.0 0m
2m
0m
25 25.02
0m 0m 4.77
0m
m
26.72
m
47.1
20.0 0m 55
A158
20.0 m
1m
14.9 20.0 DUA1
3m 25.8
20.0 0m
20.0
7.33 30.57m
27. 1 7m 23.29m
0m
0m 4.
13.2 0m
0m
9m87m 20.0 DU 25.57m
3m
20.0
20.0
0m 30.19m
30.83m 30.12m 31.13m
DUA199 DUA196
DUA196
19.60m
DUA201
54
20 0m
0m
20.0 0m DUA1
20.0 20.0
28.75m
28.29m 25.15m
SQ M
8m 16.1 0m .84m
20.0
20.0 4m 25.3 30.57m 30.57m
25.57m DUA147
30.25m 30.75m
32.40m
30.94m
20.0
m 19 DUA151
25.78m
23.29m DUA207
SQ M 0 80
TUNDWI CENTRE
0
40. 57m
80
47.82m
78 7
0m 20.0 57
DUA1
11
9m
20.0
6m
24.5 DUA149
25.54m
26.41m
.00m
18.8
0m
.63m 8.40
SQ M
DUA143
DUA146
7m
22.7 DUA
40
13.6 DUA142
25.35m
25.54m
30.32m 30.57m 32.64m 29.23m
E141
32.87m
29.71m
m 15 211 .04m 18.22
28.42m
DU
10.0 20.0
3m16.6
2m 10.0 9m
20.0 0m
0m
0m 30.41m
0m
30.47m 25.38 DUA13 m 6
0m 15 DUA1
0m 8.
7m 28.79m 27.66m
30.47m
20.0
20.0 A117 DU
20.0
46.7 25.77m
25.35m
33.11m 30.19m
30.54m
28.40m
DUA134
30.41m
12.5
40m 11.6 5m13 E1 .3 30.35m
28.29m
28.67m 27.04m
DUA2
m
6m8. 44 39 E1
5m
20
4m
30.72m DUA187
27.26m
27.26m
28.92m
DUA192
6m
DU
32.9
DUA
29.5
44.3 29.73m
DU
30.04m
30.35m DUA188
DUA190
20.47m
28.54m
SQ M
9m
39.46m
7
7.4
7m
78
35.29m
6.7
SQ M
DUA269
28
m
11.58 7 3m DUE2
m
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20.00
17
DUA270
SQ M
37.61m
1m
M
25.00m
25.02 25.02 .02m 30.28m 30.28m
2m
30.22m
32.97m
25.00m
m 31.10m
47 30.91m
32.65m
32.62m
25.00m
17.03m 36.2
25.00m
3m
.39 m
25.00m
35.7 30.16m 29.11m
30.22m
25.00m
DUA7
39.74m 25.00m
25.68m
2m 28.65m
33.02m
29.21m
25.04m
25.00m
0m 0
25.04m DUA13
25.00m 29.21m
25.04m 26.04m 22.8
DUA1
28.7 28.74m DUA179
30.16m
m
30.03m
30.09m 30.09m
37.59
28.50m
31.46m
28.81m 31.28m
33.39m
33.32m
DUA183 DUA178
29.42m 29.04m
28.92m
8m
14.3
m
37.80m
15.89
DUE49
35.29m
18.80m
32.17m
29.57m
DUE16
9m
DUA214 DUA215
6m 7.4
7.2
37.63m
8.2
29.33m
DUE13
29.17m
37.98m
31.12m
37.98m
5m
40.56m
DUE1
DUA181
6m
8.2
16.53m
9m
20.01m
6.2
21.21m
43.44m
23.37m
7.5
m
8m
2m
38.58
0m 6.7
7.4
30.20m
25.04m 25.04m 25.04m
25.04m
25.04m DUA18
38.74m
25.01m 25.01m
25.01m
25.01m
25.00m 25.00m 25.00m 25.00m
18.45m DUA136
4m
5.2
6.7
30.03m
8m
5.7
37.73m
29.96m
m 6.90 6m
29.96m
m
m 4.25 5.6
28.05m
6.92 m 7.07 06
2m
31.65m
m 6.92
m 6.88 2 DUA1
6.3 0m
24.04m
m 05
5m 7.3
28.77m
7.07 14
DUE
DUA1
7.0
3m
3m
32.42m
m
m
4m
7m
5m
7.0
7.1
7m
DUA220
m 5.18
3.9
7.0
7.0
5m
1m
6.9
m
7.44 01
8m 7m
7.0
7.0
3m
7m
36.08
A1
DU
25.01m
m 23.61m
4.67 5.9 7.0
29.90m
8 A114
29.84m
A9
m 4.68 DU
m
4 6.3
27.88m
DU
m A21
1m
27.28m
6 8.43m .0
31.84m
8m 32
32.02m
7 9
24.19m
m 7.11
.00 8
A1
1m
20.77m
A8
DU A1
DU
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m
27.71m
25.04m 25.04m
Miliki Kiwanja, Miliki Hati 39 A88
DU DU
10
21.60
90
DUA DU
2m 16.99m
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25.04m
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25.04m
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18.79m
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24.77m
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DUA137
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9m 22.23m
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7.23
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7.20
IPC69
Buyuni 1
DUA16
DUA140
IPC210
IPC208
IPC209
405
2m
406
842 sq.m
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3m22.49m
48.50m
51.03m
408
869 sq.m
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966 sq.m
416
414
1,069 sq.m
413
1,167 sq.m
53.72m
894 sq.m
2m
3m
738 sq.m
410
9m
20.1
779 sq.m
23.64 m
411
667 sq.m
412
08
17
DUE1
DUE1
5m
1,174 sq.m
47.63m
417 48.50m
961 sq.m
11
DUE1
980 sq.m
386
1,279 sq.m
370
387
25.00 m
388
25.00 m
25.00 m
m
751 sq.m
15 m .23m
369
9 7.6
862 sq.m
m
8.0
619 sq.m
25.00 m
390
25.00 m
10
807
374
sq.m
391
IP
392
4
578
4m
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438
926 sq. m
m
651
DRm Y5 3
6m
.m
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IPC192
440
87
420
20.00m
401
DR
6m
3
59 4
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5m
IPC182
IPC181
IPC184 IPC185
IPC1 88
23.4 1m
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22.9
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766 sq.m
360
23.4 DRY589 5m
5m
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38.14m 766 sq.m
39.22m
38.86m 781 sq.m
38.50m 774 sq.m
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1,019 sq.m
35.13m
6m
2
IPC175
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6m
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20
5m
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925 SQM
86
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A2
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m
IPC206 IPC207
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3 A2 m7.26m 86
DU
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497 SQM
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IPC204
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990 SQM
679 SQM 605 SQM
995 SQM 1,392 SQM
1,007 SQM1,017 SQM
994 SQM
10
5,604 SQM
RECREATIONAL
997 SQM
620 SQM 528 SQM
1,061 SQM
1,049 SQM
728 SQM
1,142 SQM 970 SQM
10
1,022 SQM 994 SQM
1,132 SQM1,052 SQM
1,028 SQM
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1,478 SQM
1,000 SQM
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1,053 SQM
1,237 SQM
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3m
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1,012 SQM
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COMMERCIAL
16
821 SQM
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1,133 SQM
1,074 SQM
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8
DUE7
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38.21m
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27.05m
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DUA
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COMMERCIAL
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For More Information please call Leila: 0684 633 333 26
35.0 4m
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666 SQM
BUYUNI CENTRE
Buyuni is a Property International Ltd project situated 1.5km after Buyuni Vollage along the road to Tundwi Songani. It has a total 248 plots, is just by road on the right side if coming from Buyuni. Buyuni its self a beach village situated 55km from Kigamoni and past. Kimbiji village and acts as a terminal point of that ocean road. Hence the Buyuni Project is just 1.5km from the Indian Ocean placed on the high ground-it is both flat and dry.
Tsh. 11,000/= per sqm A2 86
7.46m
Buyuni 2
NEWS BRIEF
AfDB to Support Tanzania Housing and Agriculture in 2017 The African Development Bank (AfDB) will focus on funding the construction of residential houses, development of agriculture and other economically viable areas in Tanzania during 2017. This was announced by Frannie Leautier, Vice President of AfDB, during a meeting with the Tanzanian President, John Magufuli on July 26th 2016. According to Leautier, Tanzania is expected to benefit from AfDB’s 5 priority areas, which include energy, industrialization, integration, food security and livelihood improvement. Additionally, Tanzania is AfDB’s largest recipient of loans in Africa and that the Bank will continue to support the country through the provision of soft loans for development.
Tanzania could Add 1,200MW to its energy grid, ATI indicate
The African Trade Insurance Agency (ATI) indicates that it could bring USD1.2b investments into Tanzania’s energy sector and 1,200MW additional capacity. For this, ATI urged the Government of Tanzania to strengthen their partnership during an international forum on Tanzania’s energy hosted by ATI in Dar es Salaam on November 9th, 2016. At the forum, ATI gathered both the public and private sectors with the aim of finding solutions to unlock investments into Tanzania’s energy sector. “We are here to help unlock investments in Tanzania. We really think we can be a fantastic partner to the
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Tonia Kandiero, Resident Representative in Tanzania of the AfDB, said in a recent interview with Tanzania Invest: “Tanzania is important to AfDB just like AfDB is important to Tanzania. The Partnership started since 1971, and Tanzania has remained committed as a key Regional Member country since then, while the Bank has also been with the Country all the way as a trusted partner. Also, Tanzania is one of the key champions of regional integration which the Bank continues to support strongly.” AfDB will also provide USD4m to improve the Nelson Mandela African Institute of Science and Technology (NM-AIST) based in Arusha, Tanzania.
1,200MW
Government and we think we can make a transformational investment proposition for Tanzania,” said John Lentaigne, Chief Underwriting Officer at ATI. The forum was represented by Israel Kamuzora, Commissioner General at Tanzania Insurance Regulatory Authority and board at ATI, Felix Ngamlagosi, Director General at Tanzania Energy and Water Utilities Regulatory, Decklan Mhaiki, Deputy Managing Director at the Tanzania Electricity Supply (TANESCO) , Gideon Kaunda, chairman at Rural Energy Agency (REA) and Lawrence Mafuru, Treasury Registar of Tanzania.
PSPF Towers Commercial Offices in Dar es Salaam up for Sale The PSPF Towers located in the business district of Tanzania’s commercial capital Dar es Salaam is selling commercial offices for 550–900m2. PSPF Towers has been designed to create flexible modules that can accommodate different office setups for a variety of uses. It is also in close proximity to facilities such as banks, cafés, restaurants, hotels, supermarkets etc. The main office spaces are available from the 22nd to the 31st floor with views of the Indian Ocean to the East and the commercial district of Dar es Salaam to the West. The ground and Mezzanine floor are reserved for banks, cafés, restaurants and shops.
PIM. Issue no.20, Nov - Dec 2016
Properties | Investments | Lifestyle | Business | News
NHBRA DG visits PIL offices
National Housing and Building Research Agency (NHBRA) Director General Mr Samson Makito confering with Mr. George Obado, PIL Chief Operating Officer at the PIL Offices.
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EDITOR'S PICK
Small places called Home
Small spaces such as small bedrooms, living rooms or even kitchen in a house can be smart and functional than having a huge spaced house. However, you need to be creative and design well to complement tiny spaces. It is very important for small houses to have big windows. for better ventilation purposes. See our designs and tricks on space saving solutions that will inspire you to build or design small fancy spaces for your home. For tiny bedrooms- raise the bed and make place for a small desk underneath the bed.
Have you heard the saying, Little is more? When it comes to kitchen, make it simple and with few things. It is safer and more hygienic than crowding the kitchen pots, fridge, stove, table and chairs and other seem necessary to be in the kitchen.
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PIM. Issue no.20, Nov - Dec 2016
Properties | Investments | Lifestyle | Business | News
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Coco Palms is a Property International Ltd estate project that is located at Kigamboni, Mabibi- Chekeni Mwasonga. The project has a total of 200 plots of which 196 are residential, 3 are for commercial or residential and 1 public building. Coco Palm is approximately 19.52km from Kigamboni Ferry, 1.59km from the main road, 2.85km from Dar-es-Salaam Zoo, and 19.15km from the New Kigamboni Bridge. We have lots beautiful plots. Supply of water and electricity are available within the project.
Tsh. 20,000/= per sqm
Miliki Kiwanja, Miliki Hati
For More Information please call Hayat +255 785 449 538 Hayat Abdul Aziz
TECHNOLOGY
Welcome to the Drone Age... PIL Introduces drone for topographical survey services.
Commercially available unmanned aerial vehicles (UAVs), popularly known as drones, appear to be changing the game in regards to aviation. The market for drones has been expanding rapidly, the applications of drones are growing more diverse, and now PIL is once again setting up the trend. PIL magazine talks to Amir, the drone pilot and he shares the night about the technology and the use of drone.
Briefly tell us about yourself and what you do. My name is Mr. AMIR HAMIS living in Dar Es Salaam. I graduated at UNIVERSITY OF DAR ES SALAAM as GEOMATICIAN and Fully-Registered-Surveyor by NATIONAL COUNCIL FOR PROFESSIONAL SURVEYORS (NCPS) with 10-years-working experience. Currently, I am working at a local Government Institution as a surveyor and also an Associate Technical Consultant for Property International on matters concerning surveying and mapping. I am an expert in using all the conventional surveying instruments and engineering softwares, geographic information system softwares and UAV instrument and softwares.
What led you to get into Aerial SURVEYING AND MAPPING? Having used conventional surveying instruments and techniques for a while, I realized there is lack of updated base maps to be used in urban planning and designs. Surveyors are the only reliable source for these kinds of maps.
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Traditionally these maps were provided by Ministry of Lands Housing and Human Settlements. They are derivative data from Satellite imageries or Aerial Images. Doing topographical and detail surveying of 100-acres piece of land may take weeks or month for field and office works to get accurate results. It is laboring task and sometimes don’t produce desirable results due to nature of the site e.g. if covered by thick shrubs, presence of wild dangerous animals, muddy terrains, fast-moving-river-water etc. Aerial surveying came as a solution to these obstacles due to its fast-track operation and efficiency. I thought the need to change from traditional real time kinematic or Optical instruments into Aerial Surveying.
Tell us the importance of UAV machine to your work. As I said earlier, due to lack of updated-base maps for data acquisition and urban planning, there was a need for an alternative source. Previously Un-manned Aerial Vehicles (UAVs) were used for military and intelligence purposes.
But later due to high demands for Photography, filming industry and journalism in general, scientists were allowed to develop UAVs for Civilian purposes. Other sectors which equally needed this new technology are agriculture, construction, urban planning, transportation, energy and utility sectors. So based on that, many firms developed various types of UAVs to fit to certain sectors and needs. Now UAVs are produced in industrial scale and many developed countries have grasped this technology already in their daily urban planning activities. Here in Tanzania there were some few attempts by International Agencies to try to persuade local professionals and firms to adopt this technology but due to its high price and training costs many people fail to come on board. The importance of UAV in land surveying is beyond explanations. UAV can do detail surveying of let us say 100-acres piece of land for less than 20-minutes! A task which costs surveyors weeks or month to complete depending on the number of field surveyors, weather, nature of the terrain, types and number of instruments being used.
planning(Ground control Station), UAVs assembling and disassembling, DOES-N-DON’T, another ten(10) days for field work under supervision and lengthy-post-processing software known as SKYPHOTO and eight (8) days for advance field works and cross-examination and basic maintenance skills. Two-days for tests and examination. So it adds up to thirty (30) days of intensive training. A layman can learn normal drone for taking aerial photographs (not a professional mapping and surveying drone) for days or week but it depends on the type of brand. Other brands have complex operations while others are user friend. But consider learning normal UAV as learning to drive a car, the longer you spend training the better professionally you become. Some UAVs require the user to register his/her username in-order to restrict the flight altitude and coverage distances. This controls the enthusiasm of trying to go higher and far while not yet acquired enough experience. As you keep on practice the software allows you to go higher and further and until you get into an advanced user stage.
PIM. Issue no.20, Nov - Dec 2016
Properties | Investments | Lifestyle | Business | News
How will you charge for the use of drone? How is it like to first time experience using a UAV? Using drone for the first time is unexplainable experience. It was not a chunky of stuff. Since it’s something new to you and operates the same way the real aircraft works the only
differences are: fuel, pilot(s)-on-board, and passengers. You need to have the feeling that, not only “you are training to become a pilot” but also you are using UAV to do surveying while sitting on the field-table and get the real time results, as the plane is moving. The first time I tried, I was so nervous but my trainers tried their best to persuade me not to give up. Training to become UAV professional user is a package, which comprises of many stages, lessons, theories, and practical works under close supervision by experts. No chance for error because a mistake in the air may cause irreversible damages to the UAVs, people’s lives or properties. But due to hard working and tireless-effort between my experts and me I managed to get through.
The charge of using drone will depend on the following: site selection i.e. big or small, distance from office location i.e. travel hours, accommodation, food and beverages, allowances and office cost.
Where or how can people reach you, in-case there’s a need of drone services? If anyone needs our service, we are ready to work with anyone provided he/she comes to our office at PIL, MARIAM TOWERS, Ilala or through our contacts provided here. We may arrange to meet him/her in our office and have brief discussions on the scope of the work. We will also need to do site reconnaissance and get thorough view of the landscaping since UAV needs selection for take-off and landing, inspecting the nearby areas if there are sensitive sites for military or government premises in which flying objects are restricted to hover around.
How long did it take you to flight a drone? How long can a layman take to learn? It took me more than ten (10) days of theory lessons, office demonstrations, software lessons for mission design and
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COVER STORY
Official meeting between Property International Limited & People's Bank of Zanzibar (PBZ) on developing Standard Operating Procedure for the implementation of signed MoU between the two corporate entities.
PIL and PBZ to provide a solution for affordable houses and surveyed plots We keep it simple! 22
PIM. Issue no.20, Nov - Dec 2016
Properties | Investments | Lifestyle | Business | News
A section of PBZ Bank members of staff in joint consultative meeting at Property International offices
nce again P.I.L(Property International Ltd) and P.B.Z ( People’s Bank of Zanzibar) partnered for the project of financing the low and middle income earners up to five years with very low interest rate paid. The project is geared to help low income earners to afford better surveyed plots by Property International Ltd. P.I.L have seen success in Dar Es Salaam, and this time they decided to expand to Zanzibar and Pemba with P.B.Z.
O
The Bank does both retail and corporate banking with equipped modern systems that facilitate banking business locally and overseas efficiently.
The People's Bank of Zanzibar Limited (PBZ) is one among the oldest commercial banks in Tanzania. It is fully owned by the Government of Zanzibar.
In April 2011, the bank opened a branch in Dar es Salaam on the mainland. As of May 2012, it planned new branches in Mwanza, Arusha, Mtwara, and Mbeya.
PBZ is the only bank in Tanzania with its head office in Zanzibar. It dominates the Zanzibar market with about 50% of the market share formed of the cosmopolitan population of over 1.0 million people. Zanzibar enjoys leading tourist investments from various countries.
In December 2011, the bank launched an Islamic bank window, in addition to the conventional banking services that it offers.
A section of PBZ Bank members of staff in joint consultative meeting at Property International offices
The bank was founded in 1966 by the government of Zanzibar. It functions as a retail bank, serving individuals, small and medium enterprises (SMEs), and large corporate clients. Initially, its service area was limited to the islands of Zanzibar and Pemba.
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COVER STORY Recently PIL and PBZ met and discussed on a possible easy way to help the majority of Tanzanians, who are in the lower carder of the pyramid. Majority who cannot afford to own proper surveyed plots or better housings. They have agreed to make a product that will benefit local Tanzanians, Property International Ltd (PIL) and PZB have agreed on simple standard operating procedures to access that will assist the financing procedures between the bank, PIL and the beneficiary/ client buying the plot or house. These procedures start from the moment an individual reserves a plot. They start with filling PBZ Application form and the PIL reservation form after payment of TZS 10,000/= fees. The client will then be given a list of requirements for the project. The client is advised to open an account with PBZ and pay 21% deposit (21% of the value of the plot or property reserved. You are given seven days or a week to finalize this and then the plot is then blocked. Client must submit bank deposit slip as proof of payment. PIL stamps the PBZ application form, attach with the cover letter and a copy of reservation form and submit to PBZ. For PBZ clients, employer fills the application form. PBZ then approves the loan for PIL within 2 to 3 days.
PBZ avails the copy of clients sales agreement and loan repayment schedule within 5 days after loan approval. Every 5 days of the month, PBZ will send PIL the entire loan performance portfolio with comments on defaults if any. Should the customer default in payment, PBZ will follow up with the customer for one month or 30 days of default and then handover to PIL should the default exceed another 30 days, on its 80th day of default, PBZ shall issue a 10 days notification of the intended default amount to PIL. On the 90th day or three months since the start of default, PBZ will do a monthly recovery otherwise customer shall regain the repayment plan as on schedule. For PIL clients, PIL shall submit the processed tittles to PBZ on completion of a loan repayment successfully. Any recovery arrears to be sorted out by PIL, however for PBZ clients shall surrender the title deeds once they are out. In the requirement lists, the client will have to submit 8 colored passport size photos (1 to be fixed on PBZ application form). A certified identity card or passport, copy of 21% bank deposit slip, TZS 10,000/= for reservation form and TZS 5000 for site visit payable on the day of site visit. Above are just simple rules that will enable clients to own properties. PIL is looking forward to see more people benefiting from these simple procedures and their partnership between PIL and PBZ.
A section of PIL & PBZ Bank members of staff in joint consultative meeting at Property International offices 24
Dunduliza, timiza malengo PIL na PBZ zashirikiana kuwezesha mkopo wa kumiliki Kiwanja kwa gharama nafuu.
Kwa marejesho ya
Miaka 3
Lipia
ya thamani ya Kiwanja
Kamilisha mkopo wako ndani ya siku
uanze kulipa kidogo kidogo
Viwanja vyote vimepimwa na vina hati, Kwa makazi na Biashara, Mandhari nzuri ya kuvutia, Barabara zote zimechongwa, Maji na Umeme kupatikana.
“Jenga kwa Mpango Epuka Makazi Holela� Kwa maelezo zaidi PIL: 0684 633 333 PBZ: 0656 054 607 / 0714 866 486 Property International Limited na Benki ya Watu wa Zanzibar (PBZ)
Vigezo na Masharti kuzingatiwa
FINANCE CORNER
Calculating yield Anyone buying property to let should understand the term Yield. Effectively yield can be calculated in two ways... 26
Before we proceed, some might want to know what this means?
ii. The second calculation is perhaps more important net yield. Additional factors are required. Some which will need to assume if done before the property is bought. Formula is Net rental yield= (Annual rental income- annual expenses)/ total property costs x 100
PIM. Issue no.20, Nov - Dec 2016
Properties | Investments | Lifestyle | Business | News
Annual expenses include bond repayments, repairs,
Yield: To work out your annual return or yield you first need
maintenance, insurance and other expenses incurred.
to minus the mortgage costs from the amount you are getting
The property costs include the purchase price, transfer duties,
from rent. After all, any rent you get needs to cover the
legal fees etc.
mortgage payments before you can take any profits. This is a calculator that delivers a simple calculation to measure how
Using above example, again if monthly expenses average to
a property stacks up against others, by measuring the price
TZS 100,000/= then the rental will be TZS 500,000/= then
against annual rent. Simply enter the property's value and the
the net rental will be ( 6,000,000- 1,200,000)/ 100,000,000 x
monthly rent and it will deliver the total annual rent and the
100 = 4.8%
yield. Therefore, Rental yield is the rate of income return over i. To get the gross yield, the annual rental income as a
the cost associated with an investment property, typically
percentage % of the purchase price is as follows: (Annual
expressed as a percentage. It's a frequently used metric
rental income/ Property price) x 100. So for example
in property data, and it's important to understand how it is
you bought a flat for TZS 100,000,000/= and you charge
calculated and what it actually indicates.
your monthly rental TZS 500,000/= The calculation will be ( 6,000,000/100,000,000) x 100 = 6% . 6% depending on a location. A good gross yield in Tanzania is anywhere between 5% - 9.5%
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CLIENT VOICE
DEAR ESTEEMED CUSTOMERS, THE FOLLOWING TITLE DEEDS ARE READY FOR COLLECTION AT BAYPORT FINANCIAL SERVICES
Name: Modesta Olga Plot: 387 Project: Chekeni Village 2 "The service I got was really good. I didn't worry about anything. The whole process for my Title was done by PIL, thanks to Leila the Sales & Marketing Manager and the entire team of PIL"
Name: Asha Amiri Plot: 1073 Project: Chekeni Mwasonga In my view, PIL is one of the best services providers when investing on land. They are trustworthy and endowed with good customer service skills. This is something that I have come to appreciate from PIL.
Name:Angela Edward Mwakasitu Plot: 85 Project: Ruby Estate "Huduma yenu ni nzuri sana, yaani nimependa kila hatua ya huduma kutoka kwenu, asanteni sana"
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PROJECT
PLOT#
PROJECT
PLOT#
Vikuruti
1272
J
Vikuruti
1308
J
Vikuruti
1099
J
Vikuruti
1583
J
Vikuruti
1358
J
Vikuruti
1637
J
Vikuruti
1441
J
Vikuruti
1639
J
Vikuruti
1164
J
Vikuruti
1676
J
Vikuruti
1459
J
Vikuruti
463
J
Vikuruti
1295
J
Vikuruti
464
J
Vikuruti
1302
J
Vikuruti
518
J
Vikuruti
1394
J
Vikuruti
1029
J
Vikuruti
1647
J
Vikuruti
1072
J
Vikuruti
1697
J
Vikuruti
1077
J
Vikuruti
1581
J
Vikuruti
1133
J
Vikuruti
1286
J
Vikuruti
1136
J
Vikuruti
1000
J
Vikuruti
1203
J
Vikuruti
563
J
Vikuruti
1226
J
Vikuruti
565
J
Vikuruti
1294
J
Vikuruti
1134
J
Vikuruti
1456
J
Vikuruti
1138
J
Vikuruti
142
J
Vikuruti
1249
J
Vikuruti
670
J
Vikuruti
05
J
Vikuruti
763
J
Vikuruti
793
J
Vikuruti
1094
J
Vikuruti
938
J
Vikuruti
1204
J
Vikuruti
939
J
Vikuruti
1248
J
Vikuruti
998
J
Vikuruti
1173
J
Vikuruti
1166
J
Vikuruti
467
J
Vikuruti
1195
J
Vikuruti
516
J
Vikuruti
1359
J
Vikuruti
562
J
Vikuruti
1614
J
Vikuruti
927
J
Vikuruti
810
J
Vikuruti
951
J
Vikuruti
1091
J
Vikuruti
953
J
Vikuruti
1181
J
Vikuruti
959
J
Vikuruti
1212
J
Vikuruti
1018
J
Vikuruti
1292
J
Vikuruti
1086
J
BLOCK
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Brings walls To life
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ROOFING SHINGLES | WALL MASTER COLOUR | WOOD PLASTIC COMPOSITE (WPC)
P.O. Box 36272 Dar Es Salam – Tanzania Mob: +255 718 515 155 Email: info@aquadecor.co.tz, www.aquadecor.co.tz
Kibaha Maili Moja
Bokotimiza Estate is a Property International project located in Kibaha Maili Moja which is 30 kilometres from Dar-es-salaam Central Business District and 6.5 kilometres from the main road to Morogoro. It is made up of 354 residential, commercial, hotel, religious, hospital, school and open public plots with a road network coverage of 9 kilometres. Water supply and electricity are available within the project. Tumbi hospital is just a walking distance away.
For More Information please call Rhoda
+255 785 449 547
Rhoda J. Mazara
/= Tsh. 12,000 PER SQM
0684 633 333 PROPERTY INTERNATIONAL LTD DREAM TO REALITY
P. O. Box 45548 | 8th Floor Mariam Tower, Songea Rd / ShauriMoyo Rd Dar es Salaam, Tanzania E mail:info@propertyinternationalltd.com, *Vigezo na masharti kuzingatiwa
www.propertyinternationalltd.com
Farewell Barack Obama
Baraka Obama
On November 4, 2008, Senator Barack Obama of Illinois was elected president of the United States over Senator John McCain of Arizona. Obama became the 44th president, and the first African American to be elected to that office. He was subsequently elected to a second term over former Massachusetts governor Mitt Romney. EARLY LIFE Obama’s father, also named Barack Hussein Obama, grew up in a small village in Nyanza Province, Kenya, as a member of the Luo ethnicity. He won a scholarship to study economics at the University of Hawaii, where he met and married Ann Dunham, a white woman from Wichita, Kansas, whose father had worked on oilrigs during the Great Depression and fought with the U.S. Army in World War II. Barack and Ann’s son, Barack Hussein Obama Jr., was born in Honolulu on August 4, 196. Obama’s parents later separated, and Barack Sr. went back to Kenya; he would see his son only once more before dying in a car accident in 1982. After remarrying an Indonesian man, Lolo Soetoro, And moved with her young son to Jakarta in the late 1960s, where she worked at the U.S. embassy. In 1970, Obama returned to Hawaii to live with his maternal grandparents. He attended the Punahou School, an elite private school where, as he wrote in his 1995 memoir, Dreams from My Father, he first began to understand the tensions inherent in his mixed racial background. After two years at Occidental College in Los Angeles, he transferred to Columbia University in New
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Properties | Investments | Lifestyle | Business | News
PIM. Issue no.20, Nov - Dec 2016
York City, from which he graduated in 1983 with a degree in political science. PRE-ELECTION CAREER After a two-year stint working in corporate research and at the New York Public Interest Research Group (NYPIRG) in New York City, Obama moved to Chicago, where he took a job as a community organizer with a church-based group, the Developing Communities Project. For the next several years, he worked with lowincome residents in Chicago’s Roseland community and the Altgeld Gardens public housing development on the city’s largely black South Side. Obama would later call the experience “the best education I ever got, better than anything I got at Harvard Law School,” the prestigious institution he entered in 1988. show they had the best plan for economic improvement. With several weeks remaining, most polls showed Obama as the frontrunner. Sadly, Obama’s maternal grandmother, Madelyn Dunham, died after a battle with cancer on November 3, the day before voters went to the polls. She had been a tremendously influential force in her grandson’s life and had diligently followed his historic run for office from her home in Honolulu.
In 1996, Obama officially launched his own political career, winning election to the Illinois State Senate as a Democrat from the South Side neighbourhood of Hyde Park. Despite tight Republican control during his years in the state senate, Obama was able to build support among both Democrats and Republicans in drafting legislation on ethics and health care reform. He helped create a state earned-income tax credit that benefited the working poor, promoted subsidies for early childhood education programs and worked with law enforcement officials to require the videotaping of interrogations and confessions in all capital cases. Re-elected in 1998 and again in 2002, Obama also ran unsuccessfully in the 2000 Democratic primary for the U. S. House of Representatives seat held by the popular four-term incumbent Bobby Rush. As a state senator, Obama notably went on record as an early opponent of President George W. Bush’s push to war with Iraq. During a rally at Chicago’s Federal Plaza in October 2002, he spoke against a resolution authorizing the use of force against Iraq: “I am not opposed to all wars. I’m opposed to dumb wars…I know that even a successful war against Iraq will require a U. S. occupation of undetermined length, at undetermined cost, with undetermined consequences.”
As in the primaries, Obama’s campaign worked to build support at the grassroots level and used what supporters saw as the candidate’s natural charisma, unusual life story and inspiring message of hope and change to draw impressive crowds to Obama’s public appearances, both in the U.S. and on a campaign trip abroad. They worked to bring new voters–many of them young or black, both demographics they believed favored Obama–to become involved in the election. A crushing financial crisis in leading up to the election nation’s focus to economic both Obama and McCain
the months shifted the issues, and worked to
On November 4, lines at polling stations around the nation heralded a historic turnout and resulted in a Democratic victory, with Obama capturing some Republican strongholds (Virginia, Indiana) and key battleground states (Florida, Ohio) that had been won by Republicans in recent elections. Taking the stage in Chicago’s Grant Park with Michelle and their two young daughters, Malia and Sasha, Obama acknowledged the historic nature of his win while reflecting on the serious challenges that lay ahead. “The road ahead will be long, our climb will be steep. We may not get there in one year or even one term, but America, I have never been more hopeful than I am tonight that we will get there. I promise you, we as a people will get there.” Obama’s inauguration took place on January 20, 2009.
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FEATURE
Are we ready
Africa for the new Africa master plan?
While sub-Saharan Africa countries do have a history of poor urban planning and policymaking, the new 'Africa master plans', designed by foreign developers, that have emerged post-2008 three fantasy city types: one is the full city makeover in which the existing city is done away with and a new development takes its place. Another is the edge city - these are very large projects undertaken at the edge of existing cities. The last type is satellite cities. All these cities are branded as either smart, eco-friendly or world-class - the labels are interchangeable.
ACCRA, Ghana — Hope City project started with a ground-
breaking ceremony led by the president, followed by a lavish launch party at the national stadium that featured a performance by American R&B star Chris Brown. On the eve of the country’s independence day in 2013, Ghanaian developers announced their plans to build a $10 billion tech hub on the outskirts of the capital. The name they chose for the project, Hope City, underscored ambitions to once again make Ghana — the first country in sub-Saharan Africa to achieve independence — a beacon for the rest of the continent. Two years later, though, construction on Hope City has yet to begin. The project’s Italian architects have gone back to the drawing board to redesign their blueprints. The CEO of homegrown tech company RLG Communications, Roland Agambire, who is Hope City’s driving force, has been caught up in highprofile scandals. And a protracted economic downturn in Ghana, which has led to crippling power cuts and a steep slide in the value of the Ghanaian cedi, has made some question whether such an ambitious project will even get off the ground.
Kigali, Rwanda’s capital city, is growing fast. For the largest city in Africa’s most densely populated country, space is valuable. The city may already seem bustling with its current 1.3 million residents, but with urban migration and natural population growth Kigali is expected to reach 3 million residents by 2025, and as many as 5 million by 2050. All this, plus the unique and demanding terrain on which Kigali sits, adds up to the need for a well-designed, compact, and sustainable plan for this fast-growing city. Kigali’s city planners are keenly aware of the pressure they’re
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under. The idea for planning came in the early 2000s, when people began realizing that informal housing settlements were popping up all over the city. This led to the creation of the Kigali Conceptual Master Plan in 2008, which focused mainly on how to manage both population growth and density. With the memory of 1994’s conflict still fresh and the city left in near ruins afterwards, the need to build a city that allowed all its residents to live in harmony was the government’s main concern.
The aims of the master plan are broad and ambitious. The six goals for the development of the city are “character, vibrant economy and diversity”, green transport, affordable housing, “enchanting nature and biodiversity”, “endearing character and unique local identity”, and sustainable resource management. Nearly 40% of the city’s land is reserved for ‘nature areas’ –including a large central wetland area – and 19% is undeveloped due to steep slopes. That leaves only about one third of Kigali’s land for development of any kind. To lead this daunting planning process, the government brought in Singaporean company Surbana International Consultants. Rwanda has earned the nickname the “Singapore of Africa” due to its clean streets and miraculous post-conflict economic turnaround, but now even its skyline is beginning to mimic that of the Southeast Asian powerhouse. Indeed, one of the challenges the city planning office faces in implementing the master plan is a lack of ownership from the population. Another challenge lies in changing traditional living habits. With so little of the city’s land available for settlement, apartment
a
living is inevitable and necessary. But apartments in Kigali are still a rarity, and are unpopular among Rwandans. “We need to make people understand that living in an apartment is just as good as living in a house,”.
Nigeria International Commerce city, also known as Eko Atlantic City, or the initials E.A.C. and E.A., is a planned city of Lagos State, Nigeria, being constructed on land reclaimed from the Atlantic Ocean. Upon completion, the new peninsula, which is still under development is anticipating at least 250,000 residents and a daily flow of 150,000 commuters. The development will also have a positive environmental impact, as it will help in stopping the erosion of Lagos State's coastline. The city adjoins Victoria Island district of Lagos city and the Phase 1 area of Lekki, to the north, while the entire Western, eastern and southern borders are coastline. Eko Atlantic is expected to rise as the next generation of property on the African continent; having a total of 10 districts, spread across a land area of approximately 10 square kilometres (3.9 sq mi), the city will satisfy needs for financial, commercial, residential and tourist accommodations, with a state of the art high tech infrastructure in line with modern and environmental standards. Eko Atlantic development is being carried out as a Public– private partnership, with private companies and investors providing the funding, whilst Lagos State Government is a strategic partner, with the support of the Federal Government. The Contractors are China Communications Construction Group, a company that works in the field of marine dredging and landfill operation. Consultants are Royal Haskoning (traffic and transport expertise) and ar+h Architects. South Energyx Nigeria Ltd. a subsidiary of the Chagoury group was specifically created to undertake the development. The Eko Atlantic project has been criticized by local residents living nearby, saying that ongoing construction works have caused coastal erosion and ocean surges; as ocean water
surges through living areas, flooding access roads and taking down electricity poles and forcing residents to relocate. The Lagos State Government is also being criticized for failing to involve the people in the project. In August 2012 the Atlantic Ocean surged and overflowed its banks, sweeping 16 people into the Atlantic ocean, killing several people and flooding Kuramo Beach, Victoria Island and other areas.. According to an environmental expert, "the ocean surge occurred as a result of the failure of the contractors handling the sand filling activities of the proposed Atlantic Ocean City, to put in place measure that would reduce the effect of the surge on the environment". The Lagos State chapter of the People's Democratic Party of Nigeria (PDP) issued an official statement, blaming the ACN led state government's sand filling for the ocean surge. The party called for a stop to the Eko Atlantic project and immediate compensation to the bereaved families.
PIM. Issue no.20, Nov - Dec 2016
Properties | Investments | Lifestyle | Business | News
Nairobi Kenya’s Tatu City Twenty-six kilometers north of Nairobi, a giant sign announces the entrance to Tatu City, a proposed 2,500-acre sprawling piece of real estate, which was expected to be a major satellite city but has instead turned into a massive tale of suspected graft and corporate intrigue. How a multi-billion-shilling venture turned into a near fiasco is the story of raw power, power abuse, suspicion, mistrust and boardroom wars, which spilt into courtrooms in both Nairobi and Mauritius. The principal characters are now all too familiar: New Zealand millionaire and investor Stephen Jennings; Vimal Shah, the face of the Thika-based Bidco Africa; Nahashon Nyagah, a former Central Bank of Kenya governor and Stephen Mwagiru, a local tycoon. The investment again grabbed headlines when lawyer Ahmednasir Abdullahi accused Director of Criminal Investigations Ndegwa Muhoro of complicity in an attempt to rob the main investors of their stake in the business.
Tanzania-Dar Es Salaam- The NSSF Satelite city project in Kigamboni: According to the Controller and Auditor General (CAG)’s 2014/15 Audit report, NSSF entered a joint venture with Azimio Housing Estate to form special purpose vehicle company, Hifadhi Builders Ltd. Under the contract, Azimio undertook to develop 20,000 acres located in Rasi Dege, Kigamboni of which NSSF holds 45% while Azimio holds 55% shares. The estimate cost of the project was $ 653.44 million (Sh 1.4 trillion). According to Prof. Kahyarara who took the office at NSSF, he realized NSSF’s initial probe into the matter unearthed massive flaws in the contract. For instance he pointed out the project area was only 3,503 acres and not 20,000 acres. Again the price of the plots was massively overrated, for according to contract, one acre was valued at Sh 800 million, but the true valuation indicates the actual price of an acre is sh 25million. Therefore the project had to stop until further investigations
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FEATURE
Do you know UTT Asset Management and Investor services PLC? UTT AMIS history started from the Unit Trust of Tanzania (UTT). UTT was established under the Trustee Incorporation Act, Cap 318 and was vested with the several key activities including the development of collective investment schemes; acquiring and keeping in trust the shares of privatized enterprises and encouraging savings culture through wide participation in the ownership of distributed shares / units. UTT was very successful in launching unit trust schemes since five collective investment schemes were launched attracting over 90,000 investors from all over the country. Over time UTT grew in size with total funds under management of over TZS 120 billion as at 30 June 2013 and further diversified into other activities in Projects Management and Micro-finance businesses. Based on advice of stakeholders and the Treasury Registrar and approval of the Minister of Finance, the Unit Trust of Tanzania (UTT) was restructured into three organizations. The objective of the restructuring was to enable each of the key businesses to focus on their activities and services so as
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to contribute more to increasing of government revenue and promote development of the country. The three organizations that resulted from the restructuring exercise, registered under the companies Act, 2002, include UTT Asset Management and Investor Services (UTT AMIS), UTT Microfinance (UTT MFI) and UTT Projects and Infrastructure Development (UTT PID). UTT PID and UTT MFI became operational on 1st July 2013 while UTT AMIS was re-assigned with the management of collective investment schemes from 1st October 2013. UTT AMIS having the track record from UTT has been awarded the Best Fund Team in Tanzania for Year 2015 by the Capital Finance International of UK.
A COMMERCIAL PLOT FOR SALE IN A PRIME LOCATION IN BAGAMOYO
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Distance: About 40 km from Bagamoyo round about towards Msata. Location: Mwetemo near Mwetemo Primary School, off the Bagamoyo - Msata Road,
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Call Leila Maingu 0684 933 333
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Size: 8,875 m2
LIPIA 20% YA THAMANI YA KIWANJA
ARDHI NI MTAJI, MILIKI ARDHI LEO UTIMIZE MALENGO YAKO Mradi wa african palm upo km 27 kutoka ferry na km 12 kutoka katika daraja jipya la Kigamboni ni viwanja vilivyopimwa vyenye hati miliki. Eneo lipo katika mandhari ya kifahari na mvuto wa kipekee lenye maji, umeme na barabara.Viwanja vinapatikana kwa mkopo. Unahitaji kulipia asilimia 20 tu (20%), usipitwe na nafasi hii ya kipekee.
For More Information please call Latifa
+255 785 449 540 0684 633 333
PROPERTY INTERNATIONAL LTD DREAM TO REALITY
P. O. Box 45548 | 8th Floor Mariam Tower, Songea Rd / ShauriMoyo Rd Dar es Salaam, Tanzania E mail:info@propertyinternationalltd.com, *Vigezo na masharti kuzingatiwa
www.propertyinternationalltd.com
Residential Plots Commercial Residential Plots Sold
Tsh. 20,000/= kwa mita ya mraba
Rustic 1 4 HOME
Wrought Iron
A Classic home décor for your house.
Accessorize your house with rustic wrought iron décor such as designed chandeliers, lighting, table accent, lamps, and table lamps. You can also have great garden chairs and table and designed gates as well as house furniture’s and fixtures. I truly enjoy the art and designs that are made of wrought iron. Kinara Design Studios is a the clear choice for custom wrought Iron products for your garden, house furniture’s and fixtures. They are newly upcoming designers with the highest levels of quality and attention to detail in each piece for each customer. Their company has been using old-world craftsmanship, modern imagination, and a unique sense of style to produce custom handforged iron lighting. They make their products completely by hand, and with a level of master craftsmanship that simply cannot be found in other iron products. Their design encompasses classic mixed with modern, which enhance the contemporary decor. They also carefully reproduce antique and discontinued fixtures and create a custom design from scratch, depending on the customer’s needs. For the finest materials and the most proven techniques to fabricate unique pieces of functional art contact Kinara Design Studio, they are always developing new styles and designs to suit the ever-changing trends in design The Kinara studios are located in Kunduchi, past the Silver Sand bridge, on the left hand side on your way to Bahari beach. You may reach them through 0784429310 and 0789333181.
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PIM. Issue no.20, Nov - Dec 2016
1
Properties | Investments | Lifestyle | Business | News
3 41
LEGAL
How
FEES
to deal with non-paying tenants
The number of non-paying tenants would shock any potential
3. Inspections, leases and deposits
investor from considering owning and managing a rental property.
Never allow a tenant into a property without having a signed
With a recent economical trend. Many people are faced with
lease, received proof of payment of the deposit and a signed
challenges when it comes to paying rent on time.
incoming inspection. Once a tenant is in a property on the promise of paying a deposit at a future date, you have no
Here we have four tips to deal with non-paying tenants:
1. Use an estate agent
guarantee that you will ever get the deposit – leaving you as the landlord at immense risk should non-payment or damage occur. Also, if no incoming inspection exists, you have no grounds to claim damages when the tenant moves out.
Choose a trust worthy agent. Don’t just pick anyone. Preferably
Not having these in place severely limits the recourse available
deal with a company. The reality is that estate agents have
to you in the case of non-payment.
access to tools that the average private landlord will not readily find. They have more experience with leases, legal resources and, most importantly, time to deal with these issues. They
4. Deal with non-payment quickly and harshly
have seen ‘every trick in the book’ and are therefore usually immune to some of the strategies used by tenants to delay
A relaxed attitude to late payment often gives the tenant the
payment.
impression that performing on the lease agreement is optional.
2. Sign a mandate
Our advice is to start by reminding a tenant that payment is due a few days ahead of the agreed date. If payment is not received on the agreed day (i.e. the first of the month), immediately let
If you use an agency, ensure that you sign a written mandate
the tenant know that you have not received the funds. If you
with them. The mandate details what the obligations of the
have not received the money after that, (i.e. the second or third)
agency are towards you and the tenant. Most importantly, it
immediately proceed with a legal Letter of Demand.
should also outline the limits of the authority you grant to the agent in dealing with a non-paying tenant. For example, has the
The Letter of Demand is crucial in two ways. On the one hand
agent clearly outlined the process that they follow in the case of
it lets the tenant know that you as the landlord are serious
non-payment? At what point can the agent start incurring legal
about their non-payment. Hence you have an opportunity as a
costs that you as a landlord will be liable for?
landlord to legally terminate the lease, and start the process of
If you do not clarify these upfront, it may cause massive
eviction. When it gets to this point, it is crucial that you involve
confusion and delays in dealing with a delinquent tenant.
a lawyer to ensure that you have the best possible chance of a successful eviction.
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INVESTOR
to lose money. The point is, whatever type of investing you do there will be some market noise. That means that the value of your investment in TZS or dollar will move up and down over time. Take what is happening in the market right now. There’s no liquidity in the economy at the moment. Real estate has slow down in terms of investments and Many people who used bank loans to invest in real estate have lost as much as 10%-15% of their overall investments. Challenges are, if they invested for commercial reasons, there’s fewer people who can afford the rentals and hence most apartments and houses are left an occupied, while the banks insist in collecting their money plus interests. Therefore many people panicked and sold out at a loss. (In saying that, I do realize that often it is not their decision but their lenders.) But this emphasized the fact that, even when you think you have control of your emotions and can withstand the ups and downs of the market, when the crunch comes, you may not in fact, be able to handle the emotional turmoil. Let me start of by saying this is not a risk assessment test in any way but I would like to put to you some thoughts to consider and to take into account when investing in property:
How Psychology Affects Property Investing Warren Buffet said, “To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” Regardless of the point you’ve reached in your investing career, your investment psychology will be playing a role in how you approach your wealth creation. Getting a Risk Tolerance assessment at this stage is not a bad idea because it will show you what your real attitude to money is and how you feel about risking your money in investments. When you have money in the bank, you most likely feel that you have a high-risk tolerance but when it comes down to your money actually being threatened then that attitude can change quickly and dramatically. This is why it is worth doing a risk assessment.
Anyone who suffers from a low risk tolerance may find it extremely hard to make a decision to buy. I am sure you’ve heard of people who just can’t make the decision to buy. They have the funds, they say they are keen to buy, they look at every house that falls within their price range, but at the end of the day they just can’t go to contract. Why? It is because their fear is stopping them. They find one excuse after another to not purchase. Once you have invested your money into real estate when you have a low risk tolerance, you may find yourself incessantly worrying about whether the property is dropping in value and if you’re going
44
• How much risk are you prepared to take? In other words what are you prepared to lose to build wealth in the long term? • Are you prepared to borrow the maximum amount? • Can you buy with your head and not your heart, leaving all emotion out of your purchase? • Are you prepared to manage your investment or do you expect to purchase and almost forget about it hoping it will produce the results you desire? • Can you invest for the long term from an emotional point of view? • Are you prepared or can you accept the worst-case scenario? So understanding the fact that perhaps we don’t truly know our investment psychology and find that we are not buying when we know we should, let’s look at some steps that can help when buying investment properties but also make you feel that you are financially secure. 1. Make sure that you have a solid buffer after you have purchased a property so that you can pay for any unforeseen circumstances that may arise, this is an amount that only you can decide on to make you feel safe. 2. Buy in an area that has high rental demand and little risk of property values falling, e.g. CBD’s, near water or long established commercial ventures. 3. When obtaining finance structure your loans so there is a clear separation between your own home and your investments. If you take these four steps and use professionals with property investing experience then you will be well on your way to building your property wealth.
KiKongo
Industrial Plots
Location Mlandizi Town off Morogoro Road. 8 km from Mlandizi Bus stop / Morogoro Road INFRASTRUCTURE development In progress Avarage area of each Industrial Plot: 46900 SQM Equivalent to 11.5 Acres Avarage area of each Ligth Industrial Plot: 28700 SQM Equivalent to 7 Acres
Industrial Plots: 102 Light Industrial: 14
For more information Call: 0684 633 333 / 0717 000 003
Email: info@propertyinternationalltd.com / Web: www. propertyinternationalltd.com
N G I S E D E E C W A P S E C I F OF 33 s e k a m n g i s e t d i t s a e s e r u g o t h a w h t e e n v o e ry eli e b v e e W or f 3 r e t 3 t 3 6 life be 84 sN Call u
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