The
August 2015
Featuring Properties from Tanzania & Kenya
www.darproperty.net
East Africa’s Ultimate Property Guide
FREE COPY
Issue No 41 | ISSN 1821-7753
The Darproperty - August 2015 | 1
P.O. Box 1950 Dar Es Salaam, Tanzania +255 784 108 600 twiga.sales@twigacement.com +255 784 108 609 www.twigacement.com
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”Tanz ani a´ sl eadi ngl and& pr oper t ybr oker ” www. t z agent s . com DaresSal aam
FOR RENT Masaki – 3 b/r $ 4,000 / month
FOR RENT Mbezi Beach – 3 b/r $ 3,200 / month
FOR SALE Mapinga – 20 acres $ 212,000
FOR RENT Oyster Bay - Offices $ 20 sqm / month
Ar us ha
FOR RENT Arusha – 3 b/r $ 650 / month
FOR RENT Njiro – 5 b/r $ 2,000 / month
FOR SALE Kisongo – 5 b/r $ 125,000
FOR SALE Maji ya Chai – 6 acres $ 125,000
TheCoas t
FOR SALE Ushongo – 2 b/r Price on request
FOR SALE Beach – South of Tanga $ 165,000
FOR SALE Raskazone – 4 b/r $ 495,000
FOR SALE Ushongo – 6 acres $ 250,000
Cont act DaresSal aam
Raphael Nondi
ManagerDaresSal aam Tel . +255717032633 r aphael . nondi @t z agent s . com 6 | The Darproperty -August 2015
Ar us ha
Anders Wehtje
Founder Tel . +255785984467 ander s . weht j e@t z agent s . com
TheCoas t
Annabel Burdes
Par t nerTanga/Pangani Tel . +255784632529 annabel . bur des @t z agent s . com
Pr oper t yoft hemont h!
Ar us ha窶適i l iGol f$495, 000
PHOTO
PHOTO
PHOTO
PHOTO
Beaut i f ul , s paci ousandhi ghqual i t ypr oper t yatKi l i manj ar oGol f&Wi l dl i f eEs t at e ( www. ki l i gol f . com) , 20km f r om Ar us haandKi l i manj ar oI nt er nat i onalAi r por t . The18 hol eChampi ons hi pGol fCour s eatKi l iGol fhasbeendes i gnedbyi nt er nat i onal l y r enownedgol fcour s edes i gnerDa vi dJ onesandof f er sagl obal l yuni quee xper i ence! Thehous ehasabui l tupar eaof485s qm andhos t sal i vi ngr oom wi t hf i r epl ace, bi g ki t chen, s af er oom, huges t or es , 5s paci ousbedr oomsand4bat hr ooms . Al ov el yi nner cour tyar daddsf ur t herchar act erandat mos pher e. Gener ousv er andahsar ef ur t her f eat ur est hatcont r i but et ot hehi ghs t andar doft hi spr oper t y . As wi mmi ngpool pr ovi dest heoppor t uni t yt ocoolof fi nt heAf r i canheat . Thehous ei sbei ngs ol df ul l y f ur ni s hedwi t hdes i gnedf ur ni t ur e( comesatapr emi um) . Tanes copowerwi t hcent r al ov er power pr ot ect i onandbackupbat t er i es . Mul t i f i l t er edwat erf r om bor ehol e& har v es t i ngpr ovi desdr i nki ngwat er . Thi shous ehase v er yt hi ngonecanwi s hf or ! The Darproperty - August 2015 | 7
POLYCARBONATE MULTIWALL SHEETS
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The Darproperty - August 2015 | 9
Alexandra Villas MSASANI BEACH - DAR ES SALAAM - TANZANIA
Fully Furnished Villas available in Msasani Beach, near Mwalimu Nyerere & Regent Park Hotel
4 Bedrooms | Fully Furnished | 24hrs Security | Swimmng Pool | GYM | Tarmac Road |
Call Now +255 715 242 425 10 | The Darproperty -August 2015
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A MODERN AND SECURE HOME WITH A STUNNING VIEW
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OCEAN WAVE APARTMENTS
LOCATION: Msasani Dar es Salaam, Old Bagamoyo Road, Plot 389/1 & 2 (opposite JKT)
LOCATION: Msasani Dar es Salaam, Old Bagamoyo Road, Plot 77B/2 (near Msasani Beach Club)
Email: reefaptms@gmail.com
Email: oceanwaveaptms@gmail.com
14 | The Darproperty -August 2015
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Rents Flat as Nairobi Luxury Property Fails to Excite Market R
ent for properties in Nairobi’s luxury market has remained flat as prime clients such as multinational corporations are reluctant to pay landlords more, property consultancy Knight Frank said. The Knight Frank Prime Global Rental Index shows that rents in Nairobi’s prime areas, with a monthly average rent of Sh427,000 ($4,270), did not increase in the first three months of 2015. The index looks at the top five per cent of the market across 18 major cities. For Kenya, research analysts at Knight Frank consider a luxury property to be a four-bedroom executive house in a prime location. Knight Frank Kenya managing director Ben Woodhams said budget limits by
16 | The Darproperty -August 2015
multinational corporations, embassies and NGOs is one of the major reasons for the freeze in rents. “Expatriate staff have housing budgets, beyond which they must seek approval from their head offices for extra rental expenditure,” said Mr Woodhams in a statement. Insecurity has also resulted in tenants preferring houses in gated communities over stand-alone units. Knight Frank, however, said it expected rents would rise as more expatriates follow multinationals that are setting up shop locally and increased activity in the mining, oil and gas industries. “These will also likely boost uptake of luxury residential rentals,” says the Knight Frank
Prime Global Rental Index. A similar report by real estate consultancy Hass Consult, however, said there were marginal increases in Kenya’s property market over the first three months of the year. The Hass Composite Letting Index shows that rents in Kenyan suburbs increased by 1.4 per cent over the first three months of the year. “Rents rose in quarter one across all segments, but most strongly for semidetached houses at 2.2 per cent, however, overall rent rises slowed down, subdued by stable asking prices for apartment rents, up just 0.4 per cent in quarter 4 2014,” said the Hass report for the first quarter. Source: Business Daily
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samsa real estate ltd “Where customer needs are fulfilled”
Make yourself at Home, Samsa Real Estates offers a personally inspected selection of privately owned, furnished accomodations for rent which includes everything quality, heritage stlyed homes to luxury downtown apartments.
FEATURES: Offices Fully furnished Swimming pool Modern kitchen appliances Fully equipped gym Air conditioning Standby generator Elevator 24hrs Ample parking DSTv connection High-end security & CCTV cameras 24 hour Management service
CONTACT US: +255 22 2181918. +255 22 2181941, +255 784 440272, sas007tz@yahoo.com Plot No. 84/36G Rashid Kawawa Road Opp. Biafra Play Ground Kinondoni 18 | The Darproperty -August 2015
DCB Commercial Bank Plc
DCB Mortgage Loan The home of your dream
Repayment period: Up to
15 Years
d s an m r n Te ditio n o C lies App
Individuals in formal Employment Self-Employed Individual
Purchase Construction Renovation For Loan application, visit our Branches 0784 210 358 twitter.com/dcb2002
0782 195 057
0787 353 873
facebook.com/dcbbank2002?_rdr
www.dcb.co.tz dcb-bank.blogspot.com/
The Darproperty - August 2015 | 19
OFFICE SPACE AVAILABLE
Along Nyerere rd, next to Dar Group Hospital - TAZARA
Ample Parking Space | Wireless Internet | CCTV Cameras | A/C | Security Warehouse a total of 480 sqm, Office spaces from 360 sqm to 65 sqm Showroom space available for Banks and Big Shops
comfort@mek-one.come | +255 718 195 495 20 | The Darproperty -August 2015
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LAND REVOCATION IN TANZANIA
I
t is obviously for many land owners in Tanzania to think that they have the right to occupy land without any responsibility. Most of the land owners do not care about they limitation of land ownership tenure. Land owners have many responsibilities during their tenure, for instance the development of the land and land rent payment in order to endure owning the land. According to the Land Act of 1999, all land shall continue to be public land and remain vested in the President as trustee for and on behalf of all the citizens of Tanzania. President has power to take away any grant of right of occupancy for good reasons, this means that for a government to revoke the land there must be better alternative use of land for the benefit of citizens. Therefore president cannot do revoke unless the conditions prescribed by law for its exercise are fulfilled.
Land revocation is the process which must be known well by all land owners in Tanzania, because if they don’t understand it well, Might lead to some outcries.
These are conditions which recommended by the law that lead to the land revocations in Tanzania
LAND RENT RATES FOR SELECTED AREAS IN DSM AREA
• If there has been an attempted disposition of a right of occupancy to a non-citizen
UPANGA
• If the land the subject of a right of occupancy has been abandoned for not less than two years
OYSTERBAY
• If any rent, taxes or other dues remain unpaid for six months after a written notice
MASAKI
Land revocation have effects to the owners as follows;
MSASANI
• The former land owner shall be compensated equally with the value of unexhausted improvements made
ADA ESTATE
MIKOCHENI
• All rights and interests in the land the subject of the right of occupancy shall revert to the President
MBEZI BEACH
• Any rent, taxes or other dues owing to the Government arising out of or attributable to the grant of the right of occupancy shall be extinguished • All unexhausted improvements shall vest in the president
KIJITONYAMA
KAWE
LAND USE
RATES PER M2
Residential
180
Commercial
900
Residential
150
Commercial
750
Residential
120
Commercial
600
Residential
120
Commercial
600
Residential
90
Commercial
450
Residential
90
Commercial
450
Residential
75
Commercial
375
Residential
60
Commercial
300
Residential
45
Commercial
225
Compiled by: Yusuph Mhando yusuph@darproperty.net
24 | The Darproperty -August 2015
Do not take chances with your Real Estate Investment. Go for TBS approved products. We approve standards of all kinds of building materials. From Institutions and Individuals.
Tanzania Bureau of Standards -TBS Ubungo, Morogoro / 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 info@tbs.go.tz | www.tbs.go.tz
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The Darproperty - August 2015 | 27
REAL ESTATE The ABCs of REAL ESTATE MARKET Exculpatory clause a provision in a Mortgage allowing the borrower to surrender the property to the lender without personal LIABILITY for the loan. example Abel buys land $100,000, paying $40,000 cash and gives a $60,000 mortgage to the seller with an exculpatory clause. The Market value of the land drop suddenly to $55,000 . Abel abandons the mortgagee property, losing the $40,000 investment but keeping everything else he owns. Due on sale clause a provision in a Mortgage that states that the full amount of the loan is due to upon the sale of the property. example: Collins owes on a $200,000 mortgage loan against her house at an 8% interest rate. She wants to sell the house to a buyer who will assume the mortgage. The lender says that the $200,000 loan is due upon the sale of the house so it cannot be assumed by the buyer . The lender adds that he will waive the due – on- sale provision if the interest rate is escalated to 10% Rate cap predetermine limits placed on adjustment to the interest rate on an Adjustable –rate mortgage.life of loan example: The interest rate on Sue’s loan cannot increase or decrease by more than 2 percentage points when annually adjusted. Such rate caps reduce the amount of interest rate risk absorbed by the borrower of an ARM. Valuable consideration A type of promised payment upon which a promisee can enforce claim against an unwilling promisor. Includes money, extension of time, and other equivalents for the grant. Distinguished from good CONSIDERATION which may be love and affection toward a relative, generosity, and the like. example: A man promised to give certain land to a suitor of his daughter, provided they marry. This was not considered valuable consideration, so the suitor could not enforce it and he did not marry the daughter. Quitclaim deed a DEED that conveys only the grantor’s rights or interest in real estate, without stating the nature of the rights and with no warranties of ownership. Often used to remove a possible cloud on the title. Contrast with general warranty need. example It is discovered during a title search that a certain property was at time held by a partnership that later abandoned the property. To obtain a marketable title, the current owner obtains quitclaim deeds from all partners in the old partnership.
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Chesan
CHESAN APARTMENTS are elegantly designed 3 bedroom luxury apartments located in Kileleshwa along Gatundu Road. It comprises of 56 units within an acre of land.
APARTMENTS
KILELESHWA
3 Bedroom master en suite with SQ
Price:
Starting at
Ksh. 16 M
th
4 Floor, Nginyo Towers, Koinange St. Tel: 020 222 5338, 0735 126 839, 0726 790 685, 0728 992 531 P.O Box 19018-00100, Nairobi Email: info@lionsproperties.co.ke Website: www.lionsproperties.co.ke
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PRL
ProLand Realtors Limited Registered Valuers, Property Managers & Real Estate Consultants
ProLand Realtors Limited Maendeleo House, 6th Floor, Monrovia Street P.O Box 29509- 00100, Nairobi, Kenya +254 727741501 www.prolandrealtors.co.ke info@prolandrealtors.co.ke
Residential Properties for Sale
Kaputei Gardens is an exclusive and elegant 5 bed roomed country homes in a gated community of four units only. Located in an exclusive area in Kileleshwa and developed on a 0.25 Acre parcel. Highlights Plinth Area 530 meters squared. 5 bedrooms all ensuite. Garages with extra parking spaces for visitors. Detached SQ and Guest wing 24 hrs security + panic buttons Family room
Sun Valley Estate phase 1, Lang’ata Kenya is a maisonette and double storey extension. The house is about 1,800 sq.ft earning a rent of Kshs 80,000 pm and the extension is 800 sq.ft. Fetching Kshs 30,000 pm. The property sit on approximately 1/16th of an acre with access to community facilities.
PRICE GUIDE KSHS 76 MILLION
PRICE GUIDE KSHS 17 MILLION
Commercial Properties for Sale & To Let
JKUAT SRBS Tower is situated on George Padmore Road on 1.93 acres in Kilimani area. The plot is currently being developed with a new office block measuring a gross built up area of 25,876 square meter. The building has 15 stories and 4 levels of basement parking. The typical office floor in the tower is divided into two individually wings to lease to corporate clients. The ground and first floor are more adapted to commercial functions. FOR RENTAL OR SALE CONTACT US FOR DETAILS
Crescent Business Park is located along Parklands Road, Opposite MP Shah Hospital, It offers a modern environmental friendly 10 storey office building with the following amenities: 4 levels of basement parking in addition to 2 podium level parking, 4 high speed lifts, 3 fibre connection KDN, JAMII and ACCESS Kenya digital fixed line, 2 GSM masts on site green environment and friendly, led lightning , to lower consumption and operating costs, generator back up power, borehole and large capacity 250,000 litre water storage, CCTV and access control monitoring the building 24 hrs, security control desk at ground floor. FOR RENTAL CONTACT US FOR DETAILS
ProLand Realtors Limited Making the Real Estate Difference!
PRL
ProLand Realtors Limited Registered Valuers, Property Managers & Real Estate Consultants
ProLand Realtors Limited Maendeleo House, 6th Floor, Monrovia Street P.O Box 29509- 00100, Nairobi, Kenya +254 727741501 +254 711640512 www.prolandrealtors.co.ke info@prolandrealtors.co.ke
PROPERTY FOR COMMERCIAL RE-DEVELOPMENT FOR SALE BY TENDER HOSPITAL ROAD, UPPER HILL CBD 0.95 ACRES ProLand Realtors Ltd (the appointed Sole Selling Agents) invites tender bids for the purchase of a prime property situated at the junction of Hospital Hill Road and Menengai Road in Upper Hill CBD, Nairobi. It is surrounded by Equity Centre, KCB Towers, Britam Towers and the World Bank. The Property is 0.9585 acres and is suitable for commercial office, hotel or retail re-development. The Title is a leasehold tenure for a term of 99 years from the 1st of Feb 1994. Tenders must be submitted in accordance with the Rules of the Tender Process and in sealed envelopes bearing the correct tender name (as above). A bank guaranteed cheque for KShs. 500,000 made out to Proland Realtors Ltd must accompany each tender. In the event that a tender is accepted by the Vendor but reneged upon by the person or institution making the tender offer, the Vendor will retain the KShs. 500,000. All persons or institutions whose tenders are rejected by the Vendor will be refunded the KShs. 500,000 paid by them. Tenders should be deposited at ProLand’s Office in Nairobi and must be received by 3 PM on July 10th 2015. Tenders will be opened on July 14th 2015 at 10.00 am at ProLand’s office in Nairobi in the presence of bidders or their representatives who choose to attend. Each prospective bidder shall indicate in their sealed envelope the amount of the proposed bid for the Property. The minimum price acceptable for the Property is Kshs. 550,000,000/=. Tender packs containing the Rules of the Tender Process, copy of the Title and other related documents are available from ProLand’s Office at a non-refundable fee of Kshs. 6,000 per pack. Viewing of the property is strictly by Appointment. The Vendor at his sole and absolute discretion reserves the right to accept or reject any bid, without having to provide any reasons for the same.
ProLand Realtors Limited Making the Real Estate Difference!
The Darproperty - August 2015 | 33
NOW AVAILABLE FOR RENT A modern, self-sufficient housing complex in Msasanii, Dar es salaam. Each apartment unit consists of 4 bedrooms ensuite. There is also an extra study/office room which can be used for any purpose. 2 rooms also have a large viewing balcony including access to the rooftop where you can have a view of the ocean.
LUXURY AMENITIES: •24 hours security •Water •Household waste collection •Compound lighting •Gymnasium and swimming pool maintenance •Parking •Data and Intercom hardware maintenance •24 hours CCTV surveillance •Entrance video recognition •Guest Parking •Backup generator and maintenance
AMArate Residence +255 782 786 999/ +255 712 786 999 shaheed@regentpark.co.tz, info@jabergroups.com
OPENING SOON A modern office complex that is expected to be ready soon in the heart of the city. Adjacent to Morogoro Road, along the corner with Msimbazi. Be halfway to everywhere and escape the traffic to both Masaki as well as Nyerere Road.
Al-falah +255 782 786 999/ +255 712 786 999 shaheed@regentpark.co.tz, info@jabergroups.com 34 | The Darproperty -August 2015
BUSINESS CENTER
OCEANFRONT SUITES
NOW AVAILABLE FOR RENT World Class furnished apartments with an amazing view of the Indian Ocean located conveniently in the heart of the business district along Samora Avenue. DETAILS AND AMENITIES: • • • • • • • •
3 and 4 bedroom Fully Furnished apartments Panoramic Ocean view Secure Parking High speed elevators 24 Hours Security Common Area Surveilance Near the Port Standby Generator
+255 782 786 999/ +255 712 786 999 +255 784 202 212/ +255 789 199 511 shaheed@regentpark.co.tz
Experience Luxury In the heart of the Business District
Regent Business Park
NOW AVAILABLE FOR RENT Non Partitioned
Partitioned Rest in Abso
lute Comfort
NEW AVON HOTEL Three delightful Accomodation choices to choose from. Each room includes high speed WiFi and a flat screen TV among other amenities. Choose from a wide selection of delicacies from our room service menu and bask in extreme relaxation at the A1 Spa
Reserve@NewAvonHotel.com GM@NewAvonHotel.com
0768 002866 0688 002866 0658 002866
240 SQ M, 270 SQ M, 120 SQ M and 50 SQ M Available Location: Behind Shoppers Plaza Mikocheni
+255 782 786 999/ +255 712 786 999 email: Shaheed@regentpark.co.tz The Darproperty - August 2015 | 35
Real Estate
Youths Investing In Real Estate
Despite the foregoing disadvantages, I intend to point out in this article what I believe are the five reasons as to why Tanzanian Youths should invest in real estate. Despite the foregoing disadvantages, I intend to point out in this article what I believe are the five reasons as to why Tanzanian Youths should invest in real estate.
W
ell I know the heading is catchy and you were drawn to read this hoping the content will clasp, bless and complement the heading,….phew…..I hope you will not be disappointed. Now…now…., where do I begin! Well at 30, I still have a few good years left to be “outstanding” – but “old” is creeping up; but it’s not just me either, because here is a dark secret you didn’t know: you are getting old too. So, I sat down and said why not share with the young lads how to get into real estate investing, despite some of the disadvantages we have. Well before going further let’s touch on the disadvantages real quick:
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No money – let’s not fool ourselves most youth have no what is termed as “money”. You could be working and have pocket change but you do live salary to salary. Minimal life experience – I know, when I was 23 I thought I knew a lot. I didn’t. In fact, I didn’t know anything. Now today, at 30, I think I know everything. Haha,I don’t. PS4 and XBOX 1 are so alluring – Let’s face it – sometimes all we want to do is play some video games, hang out on facebook, do a bit of twitter, click on wema sepetu’s new post on instagram, go to mlimani city and wonder around and visit perhaps samaki samaki
Chasing girls (or guys)– From the moment puberty hits, boys and girls of the young persuasion have a strong need to find that “special someone” and spend all their time together. After that, come the kids that require every waking minute. That doesn’t leave a lot of time for investing. See?
No financial education – When we were doing “kidumu na mfagio” schools plus blessing “maua ya saa nne” with water, at class we did not get any financial lessons. I mean we were not taught on how to manage our money or the importance of saving the little we have. The same is the case to date.
Well ladies and gents, to be frank, one of the most frequent advices that can be given to the youth when it comes to investment is starting young. And just because, the advice is so frequent, most of us tend to forget that it is actually the BEST advice that you can get especially for the present day employed and professional youth. The youths of today have a lot of opportunities and the world or rather the environments provides for professional and financial growth.
Why is starting young so important? Well the answer is not rocket science at all. By the sheer luxury of time that youth has on hand in terms of the period of investment, the risk appetite is multiplied several times which in turn leads to investments that by design are high risk, high returns. In all honesty, starting young means you have a lot scope for distributing your investments over a long period of time, ultimately leading to a substantial increase in the net amount invested. Moreover, starting young means your money has that more time to grow and hence, higher returns. While this common wisdom has had many young investors coming into the market, investing largely in equities and debt instruments, real estate continues to be an area that most are hesitant to venture into. The demand of houses and the booming of real estate in Tanzania make it ideal for young investors to venture in. Before drifting further from our heading, lets address that now, the 5 reasons as to why real estate should be preferred by the youth. 1. An Inflation Resistant Investment Any reasonably experienced economist will tell you that those real estate investments are an almost guaranteed way to get around inflation. You see real estate is growing market, more so because of the rapidly shrinking supply of land. You only have to go house hunting in a city like Dar es Salaam or Arusha or the hip- Dodoma to know the extent of land shortage in the country. A shortage supply logically means a growth in market and so long as this shortage persists, the market shall not slow down. The core point here is a careful market research before investing into the real estate. You can hardly expect your money to grow exponentially if
Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell
you chose to invest your money in a landed property in remote areas. The point is that investment in real estate can be an excellent strategy for the young investors to get past inflation. The essential corollary is proper market research and careful consideration before investment. 2. Affordable Option Oooh Yes, you read it right. Contrary to the popular perception, investing in real estate is actually one of the more affordable options with banks funding up to 80% of the cost. Young investors are expected to pay fixed installments over years which in effect amount to purchasing an asset at a lower cost, whose value is bound to appreciate while the investor’s own income too keeps rising. 3. Tangible Assets This is not exactly an objective benefit but may hold significant importance in several cases. Unlike in the 90’s when owning house marked a definite landmark in one’s life, young investors can now enjoy the benefits of a tangible asset pretty early on in their lives. If the property is a residential one meant for personal purposes, the obvious benefits are manifold. The key is to be prudent with your money and invest as soon as you possibly can. And while investing in real estate, always remember, an aware investment is the only safe investment and a thorough market research is very important. 4. Safety Well real estate is safe, how so? When you invest in real estate especially at a young age there is that “cloud of safety” or the “safe haven” you have by the time you are aged and your friend is an arm chair and a glass of Dodoma wine and you are collecting rents. Apart from your pension you could have the little extra to live a comfortable aged life. Investments in real estate, residential and commercial properties are found to be lucrative and much safer since they are completely insured in contrast to those in gold, stocks and mutual funds. Youth are always a best option to avail the home loans. They are still young with no financial liabilities or burdens. Such people will always be serious towards the loan repayment and this is what all the banks and other financial institutes obviously look forward to. Youth are definitely encouraged to make good use of the situation and Dar es salaam kind of cities will offer a lot in
“
“
return through this investment too. Some of the younger generation that chose to buy a property while young will clear the loan quickly and there is further more chance to buy the second property in addition too. Also, availing loan while young will turn you into serious towards your professional career besides providing the greatest financial security for the family in addition too. Indeed the above should go towards convincing youth to invest. However there is no one specific investment strategy to help you achieve your goals. As a young Tanzanian you can take inspiration from most famous and successful investors. Take an example of Jonathan Liebmann, a 29 year-old South African Real Estate developer, CEO of a company called PROPERTUITY. He is the brains behind the construction of the Maboneng Precinct, a thriving cultural district in the east side of Johannesburg. Once labeled neglected and deteriorating neighborhood abandoned industrial complexes, Liebmann transformed Maboneng into a vibrant urban mixeduse community complete with Art galleries, artist studios, retail spaces, offices and artist studios. Take another inspiration from Kimiti Wanjaria, a 30 year-old Kenyan founder of SERENE VALLEY PROPERTIES (SVP), a Real Estate development company in Nairobi that constructs and sells residential properties to Kenya’s ever-growing middle class. SVP is behind the development of Sigona Valley project, a $4 million gated residential community outside Nairobi. It is wise to draw inspiration from the above individuals but you must realize there is no get rich quick scheme or only one successful investment strategy. Even the best financial experts often disagree on what is the best approach or when to get in or out of the markets. Sir John Templeton once stated, “Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sunday Godfrey Ndamugoba info@abcattorneys.co.tz The author is an Associate with ABC ATTORNEYS of Dar-es-Salaam, Tanzania and an Arbitrator with the Tanzania Institute of Arbitration and Young International Arbitrators (YIAG)-London. For more articles please visit www.abcattorneys. co.tz or email the author at sunday@abcatorneys. co.tz. or abcattorneystz@gmail.com The Darproperty - August 2015 | 37
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c hok ol e
investment limited
Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924 373
CALL ON US NOW!
Worry Free - Money Back
G UA R A N T E E
The Darproperty - August 2015 | 41
LIST YOUR PROPERTY HERE FOR ONLY TSHS 30,000/= VAT EXCL.
CLASSIFIEDS
RENT $ 1500
RENT 300,000/
RENT $750 P.M
RENT $500 P.M
Mjimwema 4 bedrooms, two bathrooms, large kitchen dining room, servant’s quarters, 0685 215737 | johan.kwant@gmail.com
RENT $6000 Vat Inc.
House for rent in Masaki 6 bedrooms, +255 754 526 535
SALE $2M RENT $1250
3 bedrooms (2 master) Fully AC, Servant Quarter(Studio Apartment) Ample car parking Garden 0787 04 04 01 / +33 760 034 054
ENI
SALE $200,000
One storey semi finished with 4 self contain bedrooms, 1,475 SQM plot with clean 99 yrs title deed near st consolata complex +255 759 339 495
RENT $ 1500
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101
RENT $600
RENT $12/sqm
3 Bedrooms, Kitchen, Dinning, store, Tarmac road +255 717 076 761 | +255 764 878 814
Office block Vat Inclusive, plus service charge
RENT $ 6,000
Oysterbay near goat race grounds, 6 bedroom with bathrooms, fully airconditioned, servant quarter, 0717 520 111/ 0685 441 505
MB EZI BE
RU GU BU
MIK OC
OYS T
HEN I
NI
A
+255 754 526 535
RENT $ 1500
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101
SALE $420,000
Land for sale - Ideal for petrol station or transport / logistics company - 7000 SQM 0787 528745 ACH
RENT $ 1500
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101 ERB AY
KIB AH A
NI KIG
GER
AM
EZA
BO
NI
MIK OC HEN I
A
Beach Plot The area is 35 Acres - Kilwa Masoko +255 784 454 245
MIK OCH
NJU
MB
BU
EZI
KIL WA
BEA
A
CH
A
Situated in Ungindoni , 5 bedrooms, 3 bathrooms, servant’s quarters and garage 0685 215737 | johan.kwant@gmail.com
CONTACT: 0783 377 098
MA
KIG
KIG
SALE $600,000
$650,000
Hotel with Deluxe rooms at Mangowera area Mtwara on a plot 3031 sqm.
I
NI
AM
AM BO
BO
DIZ I ML AN
A
SALE TSHS 18M.
150meters from Kilwa road 3.5 Acres. Pwani Mwalusembe, Ideal for commercial purpose +255 757 442 620 | +255 788 113 096
NI
Located in Nyamhongolo 3 rooms, self contained, +255 755 722 222
SAK
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101
Petrol station and unfinished buildings KIBAHA Morogoro rd. 2518 SQM space is for sale or rent 0786 637 992/ 0688 538 804/ 0758 302 686
MT WA R
UR MK
MIK O
MW AN ZA
CH ENI
A
AN GA
simply call 0767 200 202 classifieds@darproperty.net
RENT $15
Babecov complex office space on the mandela rd buguruni sheli with ample parking space ideal for shops and office use 0713 497 604
RENT $650 newly constructed apartment for rent at mbezi beach, 24 hours security accessible to tarmac road 0777 667 115 / 0715 667 115
The Darproperty - August 2015 | 43
Real Estate Agents Directory in Tanzania
DAR ES SALAAM
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 CHINESE PROPERTY AGENT TRANSLATOR Msasani Road, Masaki English Chinese Translator Dealing with your chinese client sms 0756 50 11 37 giraffe_007@163.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
TANGANYIKA ESTATE AGENTS Village Walk, close to Sea Cliff Hotel +255 717 032 633 info@tzagents.com
NEW DAY PROPERTY AGENCY COMPANY Mwinyijuma Road - Kinondoni, Room no.84, UVCC Complex +255 753 645 434, +255 717 035 552 +255 767 575 758 www.facebook.com/ raymond samson Laizer
44 | The Darproperty -August 2015
PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.com.
PRESTIGE PROPERTIES Phone: +255-713-764-447/ 0767471293 Tel:+255-22-266-4373 Email:info@prestigeproperties.co.tz www.prestigeproperties.co.tz
HAMPTONS PROPERTIES TZ Haidery plaza - 1st oor upanga/kisutu street P.O.BOX 6547 DARESSALAAM hamptonspropertiestz@gmail.com, a_kito@yahoo.com 0654 204083/ 0784 323133
44 The DarProperty August 2014
NIKUZE REAL ESTATE AGENCY Morogoro Road P.O Box 10032 Dar Es Salaam Tel: +255 789/754/715/ 363 800 Email: nikuze@nikuze.com www.nikuze.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
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
KEY REAL ESTATE SOLUTIONS Regent Chwaku North Ursino Tel: +255 22 2701674 0715 053 803, 0786 053 803, 0754 28 46 84 mariam@keyrealestatesolutionstz.com www.keyrealestatesolutionstz.com
MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710
+255 756 960 960, +255 714 444 250, +255 752 444 606. ARUSHA +255 653 005 530, MWANZA +255 653 005 535,
ARUSHA ARUSHA AWESOME HOMES AND PROPERTIES.
Shanti House, Plot 58 Block E Sokoine Road P. O. Box 249 Arusha, Tanzania. info@arushahomes.com www.arushahomes.com +255 754 337 899 / +255 786 337 899 HOMES & PROPERTY AGENCIES LTD Land Surveyors & Property Managers P. O.Box 10079 Arusha Boma Rd. Arusha 0787 805566 hopraltd@gmail.com TANGANYIKA ESTATE AGENTS
Shoprite Complex, +255 785 984 467 info@tzagents.com ZIPO HOMES
Rivergardens Business Park, Rm 4 P.O Box 20 Usa River, Arusha +255 787 474 580/+ 255 754 320 513 info@zipohomes.com www.zipohomes.com
MWANZA MWANZAESTATE Mwanzaestate.com +255 714 245 779 kisolimorris@hotmail.com
ZANZIBAR
INFO@TZREALESTATE.CO.TZ 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
Zanzibar - properties.com Tel: +255 774 44 19 07 Hotel Marine - Malindi Zanzibar
ENHANCE YOUR VISIBILTY & CREDIBILITY GET LISTED HERE WITH YOUR LOGO Tshs. 48,500/= Monthly / Tshs. 500,000/= Annually +255 784 23 89 62, 0688 75 18 68 | sales@darproperty.net
The Darproperty - August 2015 | 45
PATRONS Publisher
Darproperty Tanzania Editor In Chief
Larson Chumi
editor@darproperty.net
Business Development & Products
Abdallah Mugasa Yusuph Mhando Janeth Samwel Designs & Layouts
Dennis Maunga Mussa Khamis
dennis@darproperty.net
Marketing & Sales
Michael Francis
michael@darproperty.net
Distribution
Boniface Metta Online Content Manager
Mbwana Mbura
Finance Administration Manager Erick Kessy Public Relation Officer Maria Urassa Accounts Executives Grey Mateni Faraji Senkoro Office Assistant.
Brigita Laurance Regulatory & Legal Advisors
ABC Attorneys
Mikocheni B - Bima road, P.O. Box 105499 Dar es Salaam +255 22 2780 517 +255 784 238 962, +255 713 751 868 info@darproperty.net Distribution Should you have problems in obtaining copies of DarProperty Magazine, please contact
+255 713 888 036 +255 717 270 791
For Comments, Complains & Compliments pr@darproperty.net Country Director - Kenya Xavier Nanchengwa
Disclaimer The Darproperty is published by Darproperty Tanzania Company. All rights reserved. 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.
ADVERTISERS
INDEX
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PATRON PAGE NO A&L.................................................................22 AL-FALAH................................................34&35 ALEXANDRA....................................................10 AVIC TOWN.......................................................5 BERGER.............................................................38 BOA BANK...........................................................1 CCEC..................................................................1&4 CHANDARANA..................................................45 CHESAN..............................................................30 CHOKOLE...........................................................41 CHUDASAMA......................................................30 CRDB.......................................................................3 D&S......................................................................29 DCB.......................................................................19 DELINA.........................................................12&48 ELEGANT..............................................................21 FNB........................................................................11 HAMIDU CITY PARK............................................27 IVORY TOWER.......................................................9 JAMII FORUMS.....................................................47 KAIZEN....................................................................8 LAMUDI.................................................................31 LONGONOT GATE.............................................28 MASUMIN.............................................................23 MEK ONE..............................................................20 OGILVY AFRICA ..................................................17 PRL.................................................................32&33 REEF APARTMENT.................................................14 REMAX.............................................................1&13 SAMSA ................................................................18 SIMBA CEMENT.....................................................1 TANGANYIKA ESTATE....................................6&7 TBS........................................................................25 TEMEKE PLAZA...................................................15 TWIGA CEMENT.................................................2
This magazine is registered by the government of United Republic of Tanzania under the newspaper Act no. 3 of 1976 and the Postmaster General. Registration No. 00005562 46 | The Darproperty -August 2015
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