T The
Dar Property
April 2012
A Monthly Property Guide Issue No 009 www.darproperty.co.tz
FRE E CFree OPY Copy
TM
ISSN 1821-7753
NOW LETTING
SAINT GASPAR HOUSE AT TEGETA DARAJANI
along Bagamoyo rd
.
The Darproperty magazine
March - April 2012 The DarProperty 3
Investing in Real Estate requires a good investment knowledge but no one should over look the quality of the construction materials. Savvy investors GO for TBS approved materials. TBS offers standards and facility of material testing. For further Details
2 The DarProperty March - April 2012
Tanzania Bureau of Standards - TBS Ubungo, Morogoro Road / Sam Nujoma Rd. P.O. Box 9524, Dar es Salaam, Tanzania. Tel.: +255 22 245 0298 | +255 22 245 0206 Fax: +255 22 245 0959 E-mail: info@tbstz.org
Exclusive Mbezi Beach House For Rent or Sale
Sundeep Chudasama Mobile: +255 754780148 Kishor Chudasama Mobile: +255 713466066
Office: +255 222130601 Email: rkchudasama@catsnet.com
Sachin Chudasama Mobile: +255 752622344 Dhiren Chudasama Mobile: +255 715622344
This is a two story house situated off the main road near White Sands round about. The house has ample park space, swimming pool with bar area and servants quarters. Ground floor consists of a large kitchen with attached store room, dinning room, living room, an office room, downstairs bedroom and bathroom. First floor has two master bedrooms with en-suite, a large bedroom, communal bathroom, second living/reception room, with outside balcony and a second office. Rooftop is open with a hard roof cover, w/c and basin. It is spacious and has a spectacular 360 view. The house is fully furnished.
April-May 2012
The DarProperty 3
Dar Property
TM
Tanzania’s Ultimate Property Guide.
Team Publisher Darproperty Tanzania Managing Editor Rashid Msabaha Design & Layout Dennis Maunga
AVAILABLE FROM:
dennis@darproperty.net
Marketing & Sales Michael Francis
All Shopping Malls
michael@darproperty.net
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Distribution Boniface Metta
Scholastica Book shops All Novel Idea Book Shops
Online Content Manager Mbwana Mbura
Premium Super Markets
Consultants The View Point Creative Marketing Solutions
Airport Terminal 2 J. D. Pharmacies
Regulatory & Legal Advisors Nexus Associates- Attorneys at Law
Bundu shop - Southern sun Oysterbay Shopping Center Slipway Nakiete Pharmacy - Mwenge Home Shopping Center Tanzania Investment Center (TIC) Renowned Hotels & Offices NHC - Head Quarter All Major Real Estate Agents
Sinza- Palestina along Shekilango road, P.O. Box 105499 Dar es Salaam +255 22 2461 447 +255 784 238 962 +255 688 751 868 info@darproperty.net Distribution Should you have problems in obtaining copies of DarProperty Magazine, please contact The ViewPoint Creative +255 717 696 457 +255 713 751 868 +255 652 859 650 The Darproperty is published by Darproperty Tanzania Company. All rights reserved. c The contents and opinions expressed herein are not necessarily the representation of publisher’s view. All material published is deemed to originate from the author and will not accept any liability whatsoever in respect that have been sourced from contributors. Users are required to make their own judgement on the details contained in each advertisment. While every caution is taken in compiling the contents of this magazine, the publisher will not accept any liability for the effects arising thereof. No part of this publication will be reproduced with out written consent from Darproperty Tanzania Company.
To advertise Call : +255 713 751 868, 784 238 962 sales@darproperty.net 4 The DarProperty April-May 2012
SHAMO WORLD TOWER & SHOPPING CENTER LOCATED ALONG BAGAMOYO ROAD, MBEZI BEACH
READY FOR RENT
30sqmt to 170sqmt or more in a corporate environment. Shamo is strategically located on Bagamoyo rd at Dar Es Salaam. The development will also be home to shops Ideal Business for: • Supermarkets • Banks • Cinemas • Pharmacy • Giftshop • Bakery • Mobile Company • Bureau de Change • Optic Shop
• • • • • • • • • •
Internet Cafe Pizza hut Kids Shop Garden Market Travel Agency Toy Shops ATM Machines for Banks MINI Restaurant Furniture Shops Light & Lighting
• Dry Cleaner • ShoeShop • Saloon • Stationer • Boutique • Picture Frames & Frames • Art Gallery • Photo LabFlower Shop • Music Record Shop And Many MORE...
For Further Information & Enquiries Contact: +255 713 472 200/ 783 399 066/ 754 780 853. shamo@intafrica.com www.shamogroup.com 22 The The DarProperty March - magazine April 2012 Darproperty
March - April 2012 The DarProperty 3 www.darproperty.net
March - April 2012 The DarProperty 3
2 The DarProperty March - April 2012
March - April 2012 The DarProperty 3
2 The DarProperty March - April 2012
LYELYE CO. LTD
Sinza makaburini - Plot No. 5 Block A P.O.Box 72814 - Dar es Salaam
0784/0773 620275 lyelye27coltd@gmail.com
FOR SALE 8800sqmtrs plot along bagamoyo road at Tegeta with a Godown, One storey house and a boyquater. Titled 560,000USD. A farm at Mlandizi with 47.9 acres, self contained house, 20 milking cows, 90 sheeps, 70 pigs, 60 miters drilled water, water from Dawasco, 30 chickens, 70 Ducks, 10 acres cashnuts, 1 acre oranges, 5 acres of Mango tree. Its 4 kilometers from the road. 400,000$ A farm at Kibaha Visiga Coast region 100 acres 3 km from Morogoro Road. 800,000$ A farm at Kitonga – Mbagala 170 acres, with coconut trees, pineapples and cassava. 800,000$ A plot at Kinyerezi 2000sqmtrs titled. 40,000$ A plot at Kinyerezi 1600sqmtrs titled. 40,000$ A plot at Mabibo Industrial Area on Mandela Road 6700sqmts titled. 500,000$ A residential plots at Bunju “A” 900sqmtrs. 13,000$ Semifinished house at Mbagala Kibonde Maji Serveyed area 440sqmtrs. 30,000$ FOR RENT/LEASE Office space on a 1st floor 180sqmtrs $5 per sqmtrs A Yard 4400sqmtrs at Tegeta along Bagamoyo road $ 2000 per month. A Yard 12,000sqmtrs at Mbagala Industrial area $5000 per month. “THE AGENT YOU CAN TRUST”
PLOT FOR SALE KINYEREZI - 763 SQM 0754 262 159/0656 216 899
HOUSE FOR SALE
Semi finished double story house: Lower floor: big lounge, dining room, two self contained bedrooms, kitchen and a common bathroom. Upper floor: one self contained bedroom with a balcony, en-suite master bedroom with a balcony, study room with a balcony, and a small family lounge. Outer house: sitting room, two bed rooms, kitchen and a Washroom.
Located: Bahari Beach, Kunduchi ward Area
CALL 0782 362 218.
REAL ESTATES INVESTMENT OPPORTUNITIES IN TANZANIA. I
t`s important to recognize that real estate industry in some countries like Kenya, Uganda and Rwanda is a step ahead of others like Tanzanian the real estate industry has for long time been dormant and cold because of a number of hostile government policies and regulations such has the Land Act, The condominium and Mortgage Financing Acts which are being revised to create a
12 April-May 2012 The DarProperty
favourable atmosphere for business. In the past, only a few players lingered in the real estate market because the market itself was limited, today more Tanzanians are shifting from the traditional housing ways to opt in for a more classy and modern housing style. This change in lifestyle has also been clearly evidenced in other sectors of the economy. The entire country has moved from
being a nation of people that increasingly becoming interested in modern and quality products, this habit is now being reflected by the purchasing habits of many Tanzanians. Several sectors in the economy from simple commodities to services now testify that Tanzanians are willing to spend more on quality and the real estate market is of no exception. All this goes to prove that the real
Investment
estate market is only headed in one direction - and that is up. Market size; By 1st July 2010, the effective demand of residential properties in the Real Estate market in Tanzania was estimated to be far beyond 3,000,000 units against a supply of 6,000 to 8,000 units per year of highend and middle class residential units that is according to Tanzania Building Agency. KnightFrank in its last year annual report estimated the yielding return at 9% to 12% since the supply of good quality property is limited. This demand has been projected to sharply increase with the East Africa Common Market Protocol. Market potentials; The opening up of the boarders will increase on the mobility of people in the region, thus an increased demand of office spaces, residential units and land, to facilitate economical activities. Business fraternity and organizations across the region and far beyond the region are going to be opening up with, schools, social recreation centres, hospitals among others; all these will need the services of the property developers. Locally the Real estate market in Tanzania has a great potential, more than 70% of Tanzanians do not own a house and less than 8% of the working force have decent work places or offices, so the government has revised the various Acts that affect the property industry to make it possible for the homeless citizens to acquire decent homes by facilitating loans to the property developers and mortgage facilities to the buyers, according to the former Minister of Lands, Housing and Urban settlement development capt. John Chiligati. Trends; The property market in Tanzania is gaining momentum at a faster rate than most investors had anticipated, so fast, some investors are caught off guard, the demand greatly rocketing high, with financing made a bit easier, various commercial banks are very willing to avail loans at affordable and profitable interest rates to developers as well as to property buyers. So there is much more business in the property market than ever before and the future signals are positive. Major Property Industry trends Today in Tanzania, lifestyles are changing
and the demand for multifamily houses is increasingly becoming famous. Single persons, young married couples and retired persons are leading living units interested in such form of housing. The multifamily units are normally less costly to maintain and accessing social services and utilities such as water, electricity is cheaper and easier. Multifamily houses are available in form of duplexes, quadruplets, rental apartments, cooperatives units, condominium units. The high rise buildings exist in form of a small city with business offices, stores, recreation facilities such as swimming pools, bars and night clubs gives a reason why they are becoming famous. In spite of the rising trend of the multifamily houses, the most desired type of housing today is still the single-family dwelling. It is designed to house one family or living unit. Among the single-family houses are the Attached houses, free standing, the former
share a common wall with houses on both sides for example town and some estate houses while the latter are not connected. Among these are custom-designed dream houses designed out of owners’ preferences, they cost a little more to build compared to the custom-built from stock plans and the tract houses as provided by the property developers. Still due to shortage of the construction materials, manufactured houses are going to become famous in the near future. Besides being profitable when it comes to mass production as it reduces the construction duration and wastage of the materials in contained and quality of the property is controlled. by Mwinyi Kalende
April-May 2012
The DarProperty 13
NOW LETTING
SAINT GASPAR HOUSE AT TEGETA DARAJANI along Bagamoyo rd.
with an Amazing Rooftop Garden Saint Gaspar House is a brand new and prime located office building, in prime area-Tegeta. it is built to a good standard of workmanship on a low density plot. The three storey building has 1660 sqmt for renting. The building has enough paved parking for all tenants and their customers.
2 The DarProperty March - April 2012
Facilities Available: Water & Electricity Enough Parking Space Standby Generator Full time Security Full time Cleaning Service ATM Space Available Rooftop Garden
Contact The Operation Manager, Mission Development Foundation P.O.Box 71779 Dar Es Salaam Bagamoyo road - Tegeta Darajani Plot no. 2040 Block H, Tegeta
Tel: +255 222 630 200
Fax: +255 222 630 044
+255 752 101 701 info@missionfoundation.net
www.missionfoundation.net March - April 2012 The DarProperty
3
Mortgage
Mortgages: How Much Can You Afford?
By James McWhnney
R
egardless of where you live, how much you earn or what type of house you are shopping for, as soon as you find out how much the seller is asking, your first reaction might be something like, “Wow! That’s expensive!” Your initial assessment is correct. With prices rising quickly, particularly in areas like Msasani Penninsular, even starter homes can carry hefty sixfigure price tags. Your next reaction is likely to be, “Can I afford that?” Generally speaking, most prospective homeowners can afford to mortgage a property that costs between 2 and 2.5 times their gross income. Under this formula, a person earning $100,000 per year can afford to mortgage
16 The DarProperty April-May 2012
between $200,000 and $250,000. But this calculation is only a general guideline. Ultimately, when deciding on a property, you need to consider a few more factors. First, it’s a good idea to have an understanding of what your lender thinks you can afford - to gain a precise idea of what size of mortgage their clients can handle, lenders use formulas that are much more complex and thorough. Secondly, you need to determine some personal criteria by evaluating not only your finances but also your preferences. Lender’s Criteria: Debtto-Income Ratios From a lender’s perspective, your ability to purchase a home depends largely on the following factors:
Front-End Ratio The front end ratio is the percentage of your yearly gross income dedicated toward paying your mortgage each month. Your mortgage payment consists of four components:prin cipal,interest,taxes and insurance (often collectively referred to as PITI) . A good rule of thumb is that PITI should not exceed 28% of your gross income. However, many lenders let borrowers exceed 30%, and some even let borrowers exceed 40%. BackEnd Ratio The back end ratio, also known as the debt to income (DTI), calculates the percentage of your gross income required to cover your debts. Debts include your mortgage, credit card payments, child support and other loan payments.
Mortgage
Most lenders recommend that your DTI does not exceed 36% of your gross income. To calculate your maximum monthly debt based on this ratio, multiply your gross income by 0.36 and divide by 12. For example, if you earn $100,000 per year, your maximum monthly debt expenses should not exceed $3,000. Down Payment A downpayment of at least 20% of the purchase price of the home minimizes insurance requirements, but many lenders let buyers purchase a home with significantly smaller down payments. The down payment has a direct impact on your mortgage payment, and, therefore, also on both the front-end and back-end ratios. Larger down payments enable buyers to purchase more expensive homes. Being House Poor: a Personal Decision To be ‘house poor’ means that the costs of paying for, and maintaining, your home take up such a large percentage of your income that you don’t have enough money left to cover other expenses. As grim as that sounds, many people choose to be ‘house poor’ because they believe that it’s wise to purchase the most expensive home that they can afford, regardless of how far they have to stretch. Their theory is that, over time, their income will increase as a result of raises and promotions, making that expensive mortgage a smaller and smaller percentage of their monthly expenses. Clearly, those who choose to be ‘house poor’ have their own set personal criteria determining what kind of home they can afford. Personal Criteria The decision of whether or not to be ‘house poor’ is largely a matter of personal choice - since getting approved for a mortgage
doesn’t mean that you can actually afford the payments. So, in addition to the lender’s criteria, consider the following issues and set some decisive factors of your own: Income When contemplating your ability to pay a mortgage, ask yourself the following questions: Are you relying on two incomes just to pay the bills? Is your job stable? Can you easily find another job that pays the same, or better, wages if you should lose your current job? Expenses The calculation of your backend-ratio will include most of your current debt expenses, but what about other expenses that you haven’t generated yet? Will you have kids in college someday? Do you have plans to buy a new car, truck or boat? Does your family enjoy a yearly vacation? Lifestyle Are you willing to change your lifestyle to get the house you want? If fewer trips to the mall and a little tightening of the budget doesn’t bother you, applying a higher back-end-ratio might work out fine. If you can’t live without that double mocha cappuccino every morning, you might want to play it safe, and take a more conservative approach to that mortgage payment. Personality No two people have the same personality, regardless of their income. Some people can sleep soundly at night knowing that they owe $5,000 per month for the next 30 years, while others fret over a payment half that size. The prospect of refinancing the house in order to afford payments on a new car would drive some people crazy while not worrying others at all. If you keep your personality in mind when shopping for a new house, you are likely to be pleased with your purchase. Beyond the Mortgage Buying a new home is an exciting adventure. But many prospective
homeowners, caught up in the thrill of searching for their dream house, forget to pause and consider the financial responsibilities of homeownership. While the mortgage is certainly the largest and most visible cost associated with a home, there are a host of additional expenses, some of which don’t go away even after the mortgage is paid off. Smart shoppers would do well to keep the following items in mind: Maintenance Even if you build a new home, it won’t stay new forever, nor will those expensive major appliances, such as stoves, dishwashers and refrigerators. The same applies to the roof, furnace, driveway, carpet and even the paint on the walls. If you are ‘house poor’ when you take on that first mortgage payment, you could find yourself in a difficult situation if your finances haven’t improved by the time your home is in need of major repairs. Utilities Heat, light, water, sewage, trash removal, cable television and telephone services all cost money. These expenses are not included in the front-end ratio, nor are they calculated in the backend ratio. But these expenses are unavoidable for most homeowners. Association Fees Many homes in planned communities assess monthly or yearly association fees. Sometimes these fees are less than $100 per year, other times they are several hundred dollars per month. Ask about association fees prior to making a purchase. Find out about what the fee covers. In some communities, it includes lawn maintenance, snow removal, a community pool and other services. In other communities, the association fee covers little more than the administrative costs of hiring an attorney to encourage everyone in the neighborhood to maintain the exterior appearance of their homes. While an increasing number of lenders include association fees in the front-end ratio, it pays to remember that these fees are likely to increase over time. Furniture and Décor Drive through almost any community of new homes after the sun goes down, and you’re likely to notice some interior lights illuminating big, empty rooms, which you can see only because those big, beautiful houses don’t have any window coverings. This isn’t the latest decorating trend. It’s the result of a family that spent all their money on the house, and now can’t afford curtains or furniture. Before you buy a new house, take a good look around the number of rooms that will need to be furnished and the number of windows that will need to be covered. Think Before You Buy The cost of a home is the single largest personal expense most people will ever face. Prior to taking on such an enormous debt, take the time to do the math. After you run the numbers, consider your personal situation, and think about your present and future lifestyle into the next three decades. Make an informed decision, and be sure to purchase a home that you can afford without compromising your future.
April-May 2012
The DarProperty 17
TS572-BAHARI BEACH HUGE PLOT OF 8 ACRES, FENCED IN A GOOD LOCATION, ACCESS ROAD USD 650,000
TS583-KURASINI HUGE PLOT OF 4500 SQM, WITH A HOUSE 5 ROOMS, VERY IDEAL FOR COMMERCIAL USE, NEAR MAIN ROAD USD 1.3M
TS402-CHANG’OMBE WARE HOUSE 6000 SQM, APARTMENTS 9 ROOMS ENSUITE USD 4M
TS606-CHAN’GOMBE LARGE PLOTOF 12 ACRES INSIDE,20 GODOWNS, PLUS OFFICES, TARMAC ROAD USD 14 M
TS382-MBEZI KIMARA 8 ACRES, LAND IDEAL FOR SCHOOL OR LOW COST HOUSES USD 200000
TS396-MOROGORO ROAD NICE 3 ROOMED HOUSE USD 173400
TS397-MBEZI BEACH TS608-MBEZI BEACH RESIDENTIAL PLOT,FENCED,800 SQM 4 ROOMED HOUSE,NICE LOCATED USD 73500 USD 100000
TS600- MBEZI BEACH ( GOIGI) UNFINISHED 5 ROOMED HOUSE, 2 MASTER BEDROOM, 1200 SQM TSH 500 MILLION.
18 The DarProperty April-May 2012
TS440-BAHARI BEACH 4 ROOMED HOUSE, PLOT SIZE 2400 SQM ENOUGH SPACE TSH 280 MILLION
TS607-KURASINI PROPERTY NEAR PORT PLOT SIZE 1052 SQM, 4 ROOMED HOUSE. TSH 700M
TS548-MBEZI BEACH HUGE RESIDENTIAL PLOT 7000 SQM, HILLY LOCATION, CLEAN ROAD ACCESS TSH 850M
TS430-PENINSULA WELL LOCATED PLOT, 2200 SQM FOR APARTMENTS USD 1.6 MILLION
TS603-MBEZI BEACH BLOCK J, TS570-VISIGA KIBAHA 5 ROOMED HOUSE, 2000SQM, LAGRE INDUSTRIAL PLOT AND GARDEN,WELL FENCED, PETROL STATION OF 8.5 ACRES, BALCON,NICE LIVING AREA, WELL FENCED ON THE MAIN ROAD, DINING, KITCHEN. 2 PLOTS IN 1 AREA. USD 500,000 USD 990,000 Details NOT Warranted.
TS626-CHANG’OMBE PLOT OF 3800 SQM, WAREHOUSE 2000 SQM, OFFICE BLOCKS USD 1.6 M
TS520-MSASANI BEACH PLOT OF1500 SQM, WITH 2 HOUSES, IDEAL FOR APARTMENTS USD 300,000
TS553-MSASANI BEACH NEW FURNISHED 3 ROOMS APARTMENT, LIFT, GENERATOR, PARKING, SECURITY USD 210,000
TS605-MANDELA ROAD GODOWN,OFFICES AND HUGE PLOT OF 3 ACRES, USD 2.5 M
TS617-TABATA KINYEREZI 6 ROOMED HOUSE OF 1600 SQM,IN A GOOD LOCATION WITH ACCESS ROAD, QUIET AREA TSH 250 M
TZ Real Estate Agents Ltd Property you can trust, your search ends with us 7th floor Amani Place, Ohio Street +255 756 960960, +255 714 444250 www.TZrealestate.co.tz
TS619-TABATA KINYEREZI, NICE 4 ROOMED HOUSE IN A PLOT OF 700 SQM, WITH GOOD NEIGHBOURHOOD, TSH 250M
TS614-KIJITONYAMA 3 ROOMED HOUSE, 2 MASTER BEDROOM, STAFF QUARTER, FEW METERS FROM MAIN ROAD TSH 300 M
TS624-MBWENI OCEAN FRONT NICE LOCATED PLOT,2000 SQM IDEAL FOR RESIDENTIAL BUILDING TSH 350M
TS623-MBWENI OCEAN FRONT PLOT OF SQM 1500, IDEAL FOR RESIDENTIAL USE TSH 350 M
TS622-MBWENI OCEAN FRONT PLOT OF 4000 SQM, NEW STORYED HOUSE LOCATED IN UPCOMING PRIME AREA TSH 180 M
TS621-TEGETA PLOT ON BAGAMOYO ROAD, HAVING 6000 SQM, IDEAL FOR SHOWROOM,OFFICE BLOCKS TSH 900 M
TS620-TEGETA WAZOHILL PLOT OF 1 ACRE ,NEAR TWIGA CEMENT FACTORY TSH 800 M
TS615-CHAN’GOMBE 3 ACRES PLOT, WITH 3 GODOWN,OFFICE BLOCKS WITH HUGE PARKING SPACE, PLOT OF 24000 SQM USD 3M
TS618-TABATA KINYEREZI NEW 4 ROOMED, 5 FRAMES OUTSIDE PLOT 1200 SQM, TSH 250 M
TS444-REGENT ESTATE PLOT OF 1500 SQM, 2 HOUSES ON COMPOUND USD 500000
TS616-TABATA KINYEREZI 3 ROOMED HOUSE,2 WASHROOMS PAVED COMPOUND, CABINNETED KITCHEN,SQM 1500. TSH 22O M.
TS340-MASAKI NICE 4 ROOMED HOUSE ON A P,OT OF 1000 SQM, QUIET AREA WITH GOOD NEIGHBOURHOOD USD 950,000
TS506-MSASANI BEACH 5 ROOMED HOUSE, 3 ENSUITE, GARDEN, TARMAC ROAD ACCESS, OCEAN VIEW USD 450,000
TS625-CHAN’GOMBE PLOT OF 2485 SQM,OFFICES BLOCK OF 100 SQM WITH NICE ENVIRONMENT TSH 800 M
TS592-KINONDONI 4 ROOMS HOUSE, 2 ROOMS ARE ENSUITE, LOVELY GARDEN,WELL FENCED, STAFF QUARTER, ACCESS ROAD. TSH 400 M
TS611-MIKOCHENI A 2HOUSES LOCATED IN ONE COMPOUND 2400 PLOT SQM,ON MAIN ROAD USD 900000
TS593-MBEZI BEACH HUGE COMMERCIAL PLOT 12 ACRES ON MAIN ROAD, WITH 2 NICE HOUSES 3 ROOMS EACH ON IT, WELL FENCED USD 6.5M
TS579-MIKOCHENI B HUGE PLOT OF 12000 SQM, WITH NICE HOUSE OF 3 ROOMS, WELL FENCED, IDEAL FOR APARTMENTS. TSH 380M
Details NOT Warranted.
April-May 2012
The DarProperty 19
2 The DarProperty March - April 2012
March - April 2012 The DarProperty 3
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22 The DarProperty April- May 2012
Real Estate
REAL ESTATE The ABCs of REAL ESTATE MARKET MLS: also known as multiple listing system or multiple listings service is a suite of services that enables real estate brokers to establish contractual offers of compensation (among brokers), facilitates cooperation with other broker participants, accumulates and disseminates information to enable appraisals, and is a facility for the orderly correlation and dissemination of listing information to better serve broker’s clients, customers and the public. A multiple listing service’s database and software is used by real estate brokers in real estate, representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to cooperate with a seller’s broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service’s database is the proprietary information of the broker who has obtained a listing agreement with a property’s seller. Mortgage loan: is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan. A duplex house: is defined as a dwelling having apartments with separate entrances for two families. This includes two-story houses having a complete apartment on each floor and also sideby-side apartments on a single lot that share a common wall. By contrast, a building comprising two attached units on two distinct properties is typically considered semi-detached or twin homes but may also be referred to as a duplex.
Photo & company estate agency 0786-962444 0715-280770 0754-280770
octavianifocas@yahoo.com Apartment for sale at msasani peninsula, 4bedroom apartment fully furnished apartment stand by generator, big swimming pool Price$400,000 Apartment for rent upanga area, 4bedroom apartment, plenty of water, fully furnished apartment, good tarmac road, secure area, price $2500 Double storied house located mbezi beach, available now, secure area, 4bedroom house, big compound, nice&well maintained garden, plenty of water big swimming pool, stand by generator, wall fence, Price $3500 per month, House for office oysterbay area, 12bedroom house, double storied house, big compound, big parking space stand by generator, Price$12,000 per month, Bungalow kawe beach, 4bedroom house, the house is right on the beach, nice garden, Price $3000, House will be available first of may,
Compiled by: Michael Francis April-May 2012 The DarProperty 23
Plot For Sale 2 plots adjacent to each other located in Kibaha close to EOTF a.k.a “kwa mama Mkapa” children centre. Each plot is 10,500sq.mts. Both plots hold a valid title deed for 33yrs.Dispensary, Water and Electricity available from a close range, accessible road throughout the year. Price negotiable. Contact: +255-756-888711/255-786-777234/255-713-275447. Located in Mkuranga District Kiparang’anda village25 Acres ,Surveyed with OFFER 99 yearsJust 1 km from Dar- Lindi main road. Usage - multipurpose.Contact +255 288 562 Two surveyed beach plots with 2,505 sq meters and 3500 sq meters located near the beach at Luchelele Mwanza. The plots are ideal for hotels/residences strategically located for development by Mwanza City plan shortly. Price Tshs 120mn for both, first come first served. Contact 0713509339/0783-777995. 1.8 acres yard for sale at mandela rd area 2nd from the port access road it has a fenced and valid title. USD 1.8mil Call 0717 327 052 A plot for sale at Goba, 15 acres, with a title deed, ideal for commercial use example school, youth center etc contact 0784870668. Price Negotiable Plot for sale at kigamboni with clean tittle 1000sqmeter block 10. price 28million close to tarmac road. call 0682 193570. Plot for SALE @ Kinondoni Area 6936 SQM Along Kinondoni Road PRICE Tshs 2.2 Billion With A title deed issued on 16/06/2009 Term 99 years Contact: 0784 238962/ 0713 751868 1 Acre ( 3,999 Square meters) Plot at Bahari Beach With title and several bricks meant for Residential/ Commercial project. The plot carries a permit for construction of 6 apartments in 2 blocks. Tshs. 800m. Call 0655 434 375/0713212728. Plots for sale @ Makongo Juu. Areas ranging (approx.) from 1800 to 2500 sq. meters, ideal for residential/apartments. Price ranges from Tshs. 50 to 100m each, negotiable. Contact: 0763 821406.
House For Sale Houses at Kibamba in a 4199 Sq.m area with title deed. Contains houses of 5, 4 and 3 bedrooms and multi-purpose godown –like building. Price Tshs. 295m negotiable. Call 0655 434 375/0713212728. 8 bedrooms old house for sale@ sinza africa sana off shekilango rd, near kona bar and plot size is 360 sqm. Ideal for guest house or hostel. Tshs 180m call 0716 856 454 2 ensuite @ $ 450,000 each. Premium plot 4 sale at mbezi beach, Price usd 80,000/= call/sms 0712-222905 House for sale masaki @ USD 2.5 mil. Mobile: 0759172599. 0716 779953
Apartment Apartment to let @Masaki, plot 530, above Ristorante Bella Napoli, beside Marry Brown. 95sqm, 2 self contained bedrooms, fully furnished with standby generator & security. Contact 0754 290 490 Furnished apartment sea view near aghakan hospital 3 bed room @ 2500 pm. Mobile: 0759172599. 0716 779953 Furnished apartment at mikocheni 3 bedroom, pool, gym @ 2500 pm. Mobile: 0759172599. 0716 779953 Furnished apartment at msasani 3 bedroom, @ 1500 pm Furnished 2 rooms Apartment@ Mikocheni B, well fenced, generator, fully hours security, parking, balcon, tarmac road, USD 1600. Mob:0756960960, 0714444250
Ocean front executive 4 rooms Villa,@ Kawe Beach, pool, gym, generator Access tarmac road, quiet area.USD 3500 1125 sqmeter, block 20,@kigamboni with clean tittle Mob:0756960960, 0714444250 deed, ideal for residential or commercial, like bank, supermarket, Lovely apartment fully furnished, @ apartment, hotel Masaki, 3 rooms, pool, parking, gym, etc. on tarmac road on the way to fun city. ocean view, call +25582 193570. Tarmac road, in a conducive environment with fresh air.USD 2000 Mob:0756960960, 0714444250 24 The DarProperty April- May 2012
House To Let
CLASSIFIEDS
Bungalo for let Tabata Aroma area behind the king David arch of education. Recently renovated in depth. three bedrooms one ensuite, two public toilets combined with showers. parking House is Fully Furnished, having 4 Bedrooms, 1 Study Room, 2 Sitting Rooms 1 Dining Room, 1 Kitchen, 4 Bathrooms Backyard Lawn, 2 Parking spaces (1 covered and 1 uncovered) +255 767 881 864 Masaki - 9 rooms house suitable for an office. $5,000. Kigamboni - 3 bedrooms compound house unfurnished for $500pm. Call 0655 104 910 Nice house in a good location @ Mikocheni B 4 Rooms, parking, access road, lovely garden well fenced, spacious living area. USD 1500 Mob: 0756 960 960, 0714 444 250
House for rent situated in mikocheni B, low density, securely fenced plot of 1000sqmt. Ideal for residence or office available furnished or unfurnished, 4 bedrooms, 2 ensuite rooms 1 study room, large living room, dining room, fully equiped kitchen, 3 bathrooms and toilets, good water supply and storage tanks large backyard lawn and gazebo can park more than 6 cars, front terrace. Tel: +255 718 907 554, +255 784 855 824 +255 762 879 977 house located in one plot for letting in Mbezi Beach close to Massana Hospital.
Office To Let Office space @City centre 770 sqm@10 USD per sqm, 4 parking space Quiet area for office purposes Mob:0756960960, 0714444250 .
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Design & Installation GAZEBO, CAR SHADES & ELECTRICAL GATES
E y FRE Wor r Bac k y Mone ntee a a u G r
ROSE GARDEN COMPLEX - Rose Garden rd, P.O. Box 31228, Dar Es Salaam +255 786 924 373, 658 924 373
Real Estate Agents Directory ABLA ESTATE DEVELOPERS & AGENCY CO.LTD Mikocheni Opposite Shoppers Plaza P.O BOX 3810, Dar es Salaam Tel +255 22 2772506 E-mail: ablaestate@bol.co.tz AFRICA PROPERTY LIMITED Old Mwenge Rd, Agip House P.O BOX 32822, Dar es Salaam Tel +255 22 2771834 Mob; +255 784 781242 Email: sendim@consultant.com AMBASSADOR REAL ESTATE AGENCY Sinza Palestina - CCM bldgs P.O. Box 62067 Dar es Salaam Mob: +255 784 252741 BRIDGEWATER CO. & REAL ESTATE Location - Chole rd 516 Masaki 0719 622 998 0784 607 160 CITY PROPERTY LTD Nkrumah Street P.O BOX 831 Dar es salaam Tel +255 22 2116646 Mob +255 754 375967 Email: gold@cats-net.com COMFORT ZONE Plot 22/7 Kaunda Road P.O BOX 31010 Dar es Salaam +255 773 805 360 Email: comfortzonetz@gmail.com ESTIA Maktaba business square park P.O. Box 23347 Dar es Salaam +255 753 782837 info@estiatz.com GIMCO ESTATE AGENCY LTD Samora Ave, NIC Investment Hse, P.O BOX 8382 Dar es salaam Tel +255 22 2120988 Mob +255-784 900041
GOLDBERG COMPANY LTD Real Estate & Mining Trade P.O. Box 22159 Dar es Salaam Old Bagamoyo Rd, Mikocheni B, 0715 270 517 0754 270 517 goldbergtz@gmail.com www. goldbergtz.com GOLDEN LAND SHELTER LTD Sokoine Road P.O BOX 12067, Arusha Tel +255 27 2507625 HAMPTONS PROPERTIES TZ HAIDERY PLAZA - 1ST FLOOR UPANGA/KISUTU STREET P.O.BOX 6547 DARESSALAAM hamptonspropertiestz@gmail.com, a_kito@yahoo.com 0654 204083/ 0784 323133 H & R CONSULTANTS LTD PPF Towers, Garden/ohio street P.O BOX 70703, Dar es salaam. Tel +255 22 2130073 IMAGE PROPERTIES & ESTATE Pugu road, Quality Plaza 2nd Floor West Wing P.O BOX 70117, Dar es Salaam Tel 255 22 2862 092 Mob +255 777 420675 Email: info@ipe.co.tz KATIGA HOUSING EXPERTS P. O. Box 65490 Dar es Salaam Tanzania Tel:+255 2270 1915 Cell: +255 764 763 186/+255 658 763 186 Email: info@katiga.co.tz/ katigahousing@gmail.com Website: www.katiga.co.tz KNIGHT FRANK International House 3rd Floor, Garden Avenue. P.O BOX 9333, Dar es Salaam. Tel +255 22 2113300
LYELYE CO. LTD Sinza makaburini Plot No. 5 Block A P.O.Box 72814 Dar es Salaam 0784 620275 lyelye27coltd@gmail.com MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710 PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.com. Property Consultancy & Services Ltd 2nd Floor Kevin House - Samora Avenue P.O BOX.7152 Dar Es Salaam +255 22 2120402 +255 713 690 220 info@pcsltd.co.tz www.pcsltd.co.tz SAK SERVICES Estate Agent - Dar es Salaam Mob: +255 787 591 995 schande@bol.co.tz SKYMARK REALITIES LTD Zanaki st. - Alimanga bldg Tel: +255 22 2 134422/33 TZ REAL ESTATE AGENTS LTD Head Office: 7th Floor Amani Place Ohio Street Dar es Salaam Tel: +255 756 960-960/ 0714 444 250 info@tzrealestate.co.tz www.tzrealestate.co.tz Treld Company Ltd P.O BOX 7656 Dar es Salaam Location Msasani Peninsular off toure drive +255 732 222 888 +255 716 777 999 treldestates@yahoo.com www.treld.co.tz
List your Company here send details to www.darproperty.net sales@darproperty.net 2 The DarProperty March - April 2012 The Darproperty magazine
March - April 2012 The DarProperty 23
2 The DarProperty March - April 2012