Darproperty jan 2015 by Darproperty Tanzania

The

February 2015

Featuring Properties from Tanzania & Kenya

www.darproperty.net

East Africaâ&#x20AC;&#x2122;s Ultimate Property Guide

FREE COPY

Issue No 35 | ISSN 1821-7753

See page 22 for details

The Darproperty - Feb 2015 | 1

Specialized Wall Coating

”Tanz ani a´ sl eadi ngl and& pr oper t ya gent ” www. t z agent s . com DaresSa l a a m

Pr oper t yi mg

FOR RENT Masaki – 5 b/r USD 5,500 / month

FOR RENT Oyster Bay – 4 b/r USD 5,000 / month

FOR RENT CBD – fully serviced offices Prices on request

FOR RENT Mikocheni – 5 b/r USD 2,500 / month

Ar us ha

Pr oper t yi mg

FOR SALE Ilboru – 4 b/r USD 195,000

FOR SALE 1 acre – Onsea Hill USD 46,000

FOR SALE Kili Golf – fairway plot USD 149,000

FOR RENT Corridor Area – 3 b/r USD 850 / month

Tanga/Pangani

Pr oper t yi mg

FOR SALE Beach House USD 200,000

FOR SALE Beach House USD 350,000

FOR SALE Several beach plots Prices on request

FOR SALE Hotel plot – 6,5 acres USD 150,000

Cont a c t s Da re sSa l a a m

Raphael Nondi

Manager Dar es Salaam Tel. +255 717 032 633 raphael.nondi@tzagents.com

4 | The Darproperty - Feb 2015

Ar us ha

Anders Wehtje

Founder Tel. +255 785 984 467 anders.wehtje@tzagents.com

Tanga/Pangani

Annabel Burdes

Partner Tanga / Pangani Tel. +255 784 632 529 annabel.burdes@tzagents.com

Pr oper t yoft hemont h! Lodge–Saa dani–USD495, 000

PHOTO

Thi sbe a ut i f ull odgei sl oc a t e donSa ngeBe a c h, af e wki l ome t r e snor t hofSaada ni Na t i ona lPa r k. Wi t hi t spa l mt r e e s , f i newhi t ec or a ls a nd, a ndc l e a rt ur quoi s e bl uewat er , t hi si sav i r gi nbe a c h. Thel odge ´ spr ox i mi yt ot hepa r kme a nst ha tgue s t sc anbe of f e r e dape r f e c tc ombi na t i onofwi l dl i f e , s a f a r ia nds e a . Thel odgec ons i s t soff i v e l ux ur yc ot t a ge sa nda noc e a nv i e wba ra ndr e s t a ur a nt . The r ei spl e nt yofr oom t o e x pa ndt hel odges ubs t a nt i a l l ya si ts i t sona25a c r epl ot . Thepr ope r t yc ome swi t ha c l e a nt i t l ede e d( a pp. 90y e a r sr e ma i ni ng)a ndha s176me t r e sofbe a c hf r ont . Fr e s h wa t e ri sc ol l e c t e df r om 2we l l sa ndpowe ri ss uppl i e df r om as ol a rs y s t e m ba ckedup wi t hage ne r a t or . Thi si sahi ghl yi nt e r e s t i ngoppor t uni t yf ors ome onewhowa nt st ol i v e adr e a ma nda tt hes a met i mebepar toft hee x pa ndi ngt our i s m ma r ke tont hi suns poi l t c oa s t l i neofTa nz a ni a ! The Darproperty - Feb 2015 | 5

Publisher

Darproperty Tanzania

AVAILABLE FROM: Zanzibar

Dar Es Salaam

Slipway J. D. Pharmacies Airport Terminal 2 All Shopping Malls Village Supermarket NHC - Head Quarter Scholastica Book Shops All Novel Idea Book Shops Premium Super Markets Bundu Shop - Southern Sun Oysterbay Shopping Center Nakiete Pharmacy - Mwenge Home Shopping Center Renowned Hotels & Offices Tanzania Investment Center (TIC) All Major Real Estate Agents

Arusha

Mt Meru Hotel Ngurdoto Hotel Kibo Palace Hotel Impala Hotel Naura Spring Hotel Themi Suites Njiro Complex TFA Complex New Arusha Hotel Naazi Hotel Barista Cafe All Major Banks Woolworth Stores JJ black Stores Snow Crest Hotel Smart Choice Supermarkets Shoprite Supermarket

Chavda Hotel Dhow Palace Beyt al Chai Hotel Zanzibar Coffee House Mtoni Marine Hotel Zanzibar Café Stone Town Café Diplomatic Supermarket Tembo House Hotel Maru Maru Hotel Zanzibar Serena Hotel

Editor In Chief

Larson Chumi

editor@darproperty.net

Business Development & Products

Abdallah Mugasa Designs & Layouts

Alan Peter Dennis Maunga

dennis@darproperty.net

Marketing & Sales

Michael Francis

michael@darproperty.net

Distribution

Boniface Metta Online Content Manager

Mbwana Mbura

Key Accounts Manager Brenda Ndashuka Finance Administration Manager Erick Kessy

Nairobi

Sarova Stanley Hotel Nairobi Serena Hotel Sarit Centre Thika Road Mall Oil Libya Java Lounge Cafes Village Market Junction Mall Kempinski Hotel Hilton Hotel Mega Mall Real estate agent Offices Renowned Restaurants

Public Relation 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.

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

The DarProperty March 62 The DarProperty September 2013

- April 2012

6 | The Darproperty - Feb 2015

The Darproperty - Feb 2015 | 7

8 | The Darproperty - Feb 2015

The Darproperty - Feb 2015 | 9

Tanzania Brokerage Industry

ost residential real estate brokerage firms in Tanzania charge residential property sellers a commission of 5% to 10% of the selling price. Agents seem to compete for business on every dimension except commission rates with claims of faster sales, higher selling prices, or better service. Commission rates in many developing countries with no public records and no reliable Multiple Listing Services, such as Tanzania and Uganda, fluctuate between 5% and 10%. Sometimes the agency fees may run even higher than 10% among the real estate agents due to the lack of proper information in the market. In Tanzania there is no any Law or regulatory body to supervise

Real Estate Agency activities. In non-Tanzanian countries, it appears that the commission rates are lower when the information within the market is more efficient, open, and reliable. Many developing countries, like Tanzania, without Multiple Listing Services system, show the highest commission rates (10%). This makes sense in a market where information is costly and unreliable, and transactions are burdened by a high government bureaucracy. Globally, we see much lower residential commission rates in most of the highly industrialized nations, including the United Kingdom, Hong Kong and Dubai. Kenya is the only east African country with the low

commission fee of 3% for the sellers. Fees in Hong Kong, typically 1% for the seller, are among the lowest in the world even with the extra charges for lawyers typically incurred at closing. In the UK, the commission rates average less than 2%. The seller is often required to pay for some advertising costs up front without a contingency for this fixed charge, which lowers the risk of the broker spending money that may not be recovered through a successful sale. The Tanzania residential brokerage fees should run closer to 3%, if the typical Tanzania agents were as productive as those in Kenya, the brokerage fees would be closer to 1.5%.

International Residential Real Estate Brokerage Fees Comparison

10 | The Darproperty - Feb 2015

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

sony_comfort@mek-one.com | +255 715 849 097

Looking for a Mortgage that suits YOU? Weâ&#x20AC;&#x2122;ve Made it Easier & Simpler with US.

Rates as low as 8.5% p.a

+255 756 012 987 | mortgage@darproperty.net 12 | The Darproperty - Dec 2014

“ We believe in Quality and deliver the same Quality Is Not An Act Its Is A Habit” Aristotle

Specializing in valuation, advisory, and property management, we provide value-added and risk-averse solutions to a wide range of property decision makers and stakeholders.

Lloyd Jones Limited Viva Towers, second floor, suite 03 Ali Hassani Mwinyi road P.o.Box 10705 Dar es Salaam TEL: 255 22 210 3416 +255 753 333 000

MEDINA PALMS – WATAMU A delightful apartment with beautiful private gardens and beach. This 2 bedroom Penthouse Apartment is one of the best located of its kind in the Medina Palms residential development. Set over two floors with stunning views over the fishing fleet moored in Turtle Bay. Extending to 283 square meters (3,046 square feet), the penthouse includes a large living space combining a reception and dining area with a modern kitchen off to one side. Both bedrooms are spacious, air conditioned with ensuite bathrooms. The master suite opens onto a terrace and has its own dressing room.

PRICE: Kshs. 58 Million.(UNFURNISHED) WISPERS AVENUE

TO LET: Kshs. 350,000/= per month. Ref. 27

RUNDA

TO LET: Kshs. 320,000/= per month. Ref. 41

Located close to the United Nations & Village market, a double storey

A double storey house o ½ acre of garden in this secure residential

Room, 6 Bedrooms, 5 Bedrooms (3 Ensuite), Kitchen & Pantry. 2 Staff Rooms.

Bedrooms, Cloakroom & Kitchen with Breakfast Area. 2 Staff Rooms, Laundry Room, Generator.

MUTHAIGA

TO LET: US $ 12,500.00 per month. Ref. 51

An immaculate contemporary 6 Bedroom house in a secure compound of 2 with beautiful views of the Karura Forest. 10,000 sq ft. Lounge, Dining Room, TV Room, Study, Kitchen, Cloakroom, Laundry Room with laundry chute & Linen Room. Home theatre, Pool Table, Wine Cellar, Garage, 3 Staff Rooms, Generator, WIFI.

RUNDA MUMWE

TO LET: Kshs. 300,000/= per month. Ref. 90

A well built double storey house on ½ acre of garden. Living Room, Dining, 4 Bedrooms, 3 Bathrooms (2 Enusite), Cloakroom & Kitchen. 2 Staff Rooms, Double Carport, Borehole & Well Water.

14 | The Darproperty - Feb 2015

PEPONI

TO LET: Kshs.260,000/= per month. Ref. 53

FURNISHED & SERVICED Apartments in a secure compound of six with forest views. Living/Dining Room, 3 Bedrooms, 2 Bathrooms, (1

RUNDA EVERGREEN

TO LET: Kshs. 90,000/= per month. Ref. 15

A FURNISHED GUESTHOUSE in a secure compound. Living Room, 2 Bedrooms, 1 Bathroom & Kitchen.

GIGIRI

TO LET: US $ 8000.00 per month. Ref. 6

7000 SQ. FEET OF OFFICE SPACE TO LET A double storey house located close to the Village Market, the UN and Dining Room, Family Room, 5 Ensuite Bedrooms, Kitchen/Store. SWIMMING POOL. AVAILABLE 1ST OCTOBER 2014.

FOURWAYS JUNCTION

TO LET:

Kshs. 155,000/= per month. (inclusive service charge). Ref. 64

A double storey house in a secure development located off Kiambu Road. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (3 Ensuite), Cloakroom & Kitchen. 1 Staff Room.

RUNDA

TO LET: Kshs.350,000/= per month. Ref. 102

A spacious and well presented double storey house on 0.5 acre of 6 Bedrooms, 4 Bathrooms (2 Ensuite), Kitchen with Breakfast Area, Extra Bedroom with bathroom. 2 Staff Rooms.

RUNDA MIMOSA

TO LET: Kshs.400,000/= per month. Ref. 69

A spacious double storey house on ½ acre in this secure residential area. Bedrooms, Cloakroom & Kitchen. Garage, 2 Staff Rooms.

LOWER KABETE – OFF GENERAL FOR SALE: Kshs. 38 million. MATHENGE DRIVE Ref. 47

MUTHAIGA

TO LET: Kshs.140,000/= per month. Kshs.5,000/= (Service charge) Ref. 52

A double storey GUESTWING in a secure and neat compound. Living Room, Dining Room, 2 Bedrooms, 2 Bathrooms (1 Ensuite), Cloakroom & Kitchen.

RUNDA – OFF RUAKA ROAD

FOR SALE: Kshs. 100 million. Ref. 10

A modern and secure FOURTH FLOOR APARTMENT conveniently A cozy house on ½ acre of mature garden in this secure part of Runda situated in a development of 15 at the junction of Kabete Lane & General Estate. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (1 Ensuite), Mathenge. Lounge, Dining Room, 4 Bedrooms, 3 Bathrooms with bide (2 Kitchen & Study. Includes 2 Ensuite Guestrooms. Ensuite), Cloakroom, Kitchen & Utility Room. Swimming Pool, Inverter for power backup, 1 DSQ, 2 Car Parks.

LAVINGTON, O WASHIKA ROAD

FOR SALE: PRICE GUIDE: Kshs. 190 Million. (Offers Invited) Ref. 74

– OFF ISAAC GATHANJU ROAD

A FREEHOLD plot of 0.786 OF AN ACRE with an old style house. AN IDEAL PLOT FOR THE REDEVELOPMENT OF TOWNHOUSES.

RUNDA – BENIN DRIVE

FOR SALE: PRICE GUIDE:Kshs. 42 Million. Ref. 12

A 0.5 acre plot located in this secure & developed part of Runda Estate. • Level plot. • Services available.

FOR SALE: KAREN, Price Guide Kshs. 640 Million (Offers Invited) Ref. 104 MIOTONI ROAD

A stunning 10.4 acre Freehold plot on Miotoni road, close to the Ngong Road junction. Masses of beautiful trees and an old double storey house. Frontage to a dam. A VERY IMPORTANT DEVELOPMENT SITE.

WESTLANDS

FOR SALE: Kshs. 45 Million. Ref. 77

Located close to the Sarit Centre, the CBD and schools, a spacious DUPLEX in a secure compound. Living & Dining Room, Family Room, 4 Ensuite Bedrooms, Cloakroom, Laundry Room & Kitchen. Can be sold fully furnished.

RUNDA

TO LET: Kshs.350,000/= per month. Ref. 52

A well presented double storey house on 1 ACRE of mature garden in 6 Bedrooms, 5 Bathrooms (4 Ensuite), Kitchen & Cloakroom. Double Garage, Laundry Room, 2 Staff Rooms & Sauna. AVAILABLE 1ST SEPTEMBER 2014.

RUNDA – RUAKA DRIVE

FOR SALE: Kshs. 93 Million. Ref. 59

A delightful and beautifully presented double storey house set in ½ acre of Bedrooms, 4 Bathrooms (2 Ensuite), Cloakroom, Kitchen & Terrace. Garage, Generator Room, Laundry Room, 3 Staff Rooms.

LOWER KABETE

FOR SALE: Kshs. 80 Million. Ref. 48

A double storey house in a development of SIX each with private compound. 2 Living Rooms, Dining Room, TV Room, 4 Ensuite Bedrooms, Study, Kitchen (includes dishwasher, electric oven, hob and extractor). 1 Staff Room.

LAVINGTON, OTHAYA ROAD

FOR SALE: PRICE GUIDE Kshs. 250 MILLION (Offers Invited) Ref. 73

A prime FREEHOLD plot for development of MULTISTOREY FLATS. – 0.759 ACRE. There is a delightful old style house which will sadly be lost.

The Darproperty - Feb 2015 | 15

16 | The Darproperty - Feb 2015

House for Rent - Mikocheni B $700 p.m

4 Bedrooms 1 Master Bedroom 2 Living rooms Electric fence Water Availability

20 meters from the main road Ideal for medium family / business Mature & well taken care garden

+255 756 012 987

HOUSE FOR RENT MBEZI BEACH - NEAR SHOPPERS PLAZA newly built - 1 storey house $1750 per month

5 Bedrooms 4 Ensuites 2 Living rooms 2 Public Washrooms Laundry Matured Garden Call NOW +255 715 269 353 +255 754 269 353 +255 783 269 353

18 | The Darproperty - Feb 2015

The Darproperty - Feb 2015 | 19

Dar Es Salaam What Real Estate Trends To Expect In 2015.

asaki Prices to go down by 5 - 9%. Kigamboni, becoming the new darling of top real estate buyers.

Welcome 2015, the year 2015 will be an eventful year in Tanzania as the country is preparing for the Constitution referendum and the general election. That is on the politics side. In the real estate side, the experts should expect more deals as the industry is expected to be more vibrant than ever. The prediction will focus on seven 7 areas of the industry. Prediction one. Mortgage rates to go down: As we noticed in the year 2014, the mortgage rates were between 16.5%-21%, for the year 2015 or this time next year the mortgage rates will be around 13% - 17% as we will see at least four more lenders joining the market causing price wars and competition in the market, the pressure on rates will also be influenced by credit availability from affiliates of the group institutions as the western economies are getting stabilized. We have further noted that the government has been urged to control its consumption and controlling its lending behavior therefore leaving more money for the financial institutions to lend the public rather than buying the Treasury bonds/bills. Prediction two: House prices: For sales: There will a mixed reaction of house prices in different places of Dar es Salaam, the Gainers: Msasani, after the poor performance in the year 2014, Msasani property prices will now fetch more after the infrastructural improvement especially on water drainage systems and feeder roads. Negative effects of rain flooding can now be an event of the past for the Msasani dwellers, the flooding of 2014 not only chase hundreds of tenants from their properties but also became the number excuse for buyers. The up lifting of the Msasani/Mikocheni Tanesco road will be another plus to the area. Another Gainer: Mikocheni, sits between two ambitious projects, the Kawe uptown project by NHC in Kawe beach and urban, commercial hub of approximately 3.5 million square feet by Mara Group to be erected near the U.S embassy, making it the most sought address for other businesses and residents. Kijitonyama: We have seen this place been transformed from a pure residential hub to a new commercial hub which will see soaring prices in the year 2015. 20 | The Darproperty - Feb 2015

Kunduchi, Mbezi and Tegeta will enjoy a moderate increase in demand therefore increase in prices as a result of Bagamoyo road expansion which made these places easily accessible for commuting residents.

The Dege Eco Village, Avic town and the Real Madrid Sports academy will be another catalysts for the soaring prices as buyers are assured of the social amenities proximity that supports their lifestyles.

Loosers: Masaki, Oysterbay and Upanga. Over the past years these places have enjoyed the top prices in the market, things are not the same anymore. We will witness prices going down in these places simply because of oversupply. It is unchallenged truth that these addresses were the most sought by the expatriate market but recently renters have enjoyed a wide option for their dollar likewise for the buyers. For example, in the year 2014 Masaki there have been an addition of around 1000 units in the market while the absorption rate being at 65%. The case will be likely for the mentioned places it be on rental and sale prices as the two are kind of co-related positively.

Prediction four: No major ground breaks. In the late 2014 we saw a few ground breaks in many places in Dar. The year 2015 will witness few of these as we are heading to the general election, most investors will have a wait and see attitude and channel their funds to support their political allies.

Prediction six: World`s brand to venture in. It was Knight Frank in 1994 a UK Franchise, Regus, Remax in 2014, these are world`s top brands in the real estate service provision, in the 2015 we are set to welcome another two brands in our local real estate market.

Prediction seven: The use of technology. Searching for real estate traditionally was through words of mouth from friends, family and colleagues. The house hunt could only be done by physical visits. Like many other industries real estate has also embrace the use of technology from websites and applications for desktops and mobile devices. Prediction five: Commercial rates to go In the year 2015 Darproperty has taken an down. The boom in the commercial real initiative to cook two mobile applications estate seems to be heading to its final for smartphones and normal phones that days, the year 2015 will witness a major will revolutionize how people do property drop of rates in the commercial real estate, characterized by substitution or conversion of hunting, collecting market insights, comparing residential units to business addresses and the properties to make informed decisions with many other appealing features to any real supply phenomena, the markets go through expansionary and contracting phases of the estate enthusiast. Prediction three: Kigamboni prices to business cycle. During period of expansion, soar, we heard a lot about this place and supply lag means that demand is unsatisfied, Last but not least, the introduction of online title deeds! Kigoma legislator Hon. finally, things look like it is now on. Although so prices and rentals rise. During periods Zitto Zuberi Kabwe, recently proposed things have not taken a clear path from the of contraction which the year 2015 will an introduction of digital land titles in government side, we have seen a number be, supply lag will result in an oversupply a bid to curb persistent land conflicts in of initiatives by the private sector and other of space, in the late 2014 the market had the country. Hon. Zitto made the remarks developers. over 65,000sqmt unsold in the CBD only while debating the annual report tabled and expecting another 100,000 sqmt in by the parliamentary committee on Lands, the market for this year, with an absorption Environment and Natural Resource in the The Kigamboni bridge which is funded by rate of 46% per annum even though the the NSSF is scheduled to be completed by occupancy rate is over 70% in most buildings, parliament, Dodoma. With his ability to push July 2015, enhanced accessibility between predictions show more spaces will be unsold agendas we might see the implementation of the online title deeds, sooner than we thought Kigamboni and the Dar mainland will no doubt and vacancies in rental properties will go or becoming trendy in the year 2015. increase the appetite of real estate buyers for high, seeing prices going down by at least this, therefore expect to see prices going up in 12%. Prepared by: Babu Masanja two digits. babumikael@gmail.com The Darproperty - Feb 2015 | 21

22 | The Darproperty - Feb 2015

The Darproperty - Feb 2015 | 23

+255 762 48 48 78 | 782 50 95 31

as little as 0.15%

Protect your House & Valuables

26 | The Darproperty - Dec 2014

c hok ol e

investment limited T h e Ult i m at e O u t d o or S ol u t i on s

Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924 373

PROFESSIONAL Designers & Installers of: Car Shades, Gazebo Electrical Gates & Umbrellas

Worry Free - Money Back

G UA R A N T E E

28 | The Darproperty - Feb 2015

Kitchen Cabinet | Home Furnitures | OďŹ&#x192;ce Furnitures | Wardrobes & Cabinets | Interior Design

Luxury Living Visit our showroom at DL Plaza along Pugu rd, near TATA showroom.

Call: +255 768 380 680 | Showroom: +255 222861661 s.donmez@visionfurniture.co.tz | www.visionfurniture.co.tz

Dar Es Salaam Mlimani Tower, floor no. 8 opposite Mlimani City Tanga Skuli street, opposite Tanesco ufundi

REAL ESTATE The ABCs of REAL ESTATE MARKET Commercial Broker one lists and sells commercial property, which may include shopping office, industrial, and apartment projects. Contract residential broker. Nearly all states offer just one type of broker license, which can be used for any type of property. Example: Collins sells apartment complexes to earn a brokerage fee. She is considered a commercial broker despite the fact that apartment is residences. Collateralize mortgage obligation (CMO) a security backed by a pool of mortgage loans that may be separated into various classes with varying maturities. Note that REMICS are the standard vehicle for investing in mortgage instruments. Example: Fidelity savings and loan pools $2 million worth of home mortgage to create a collateralized mortgage obligation investors in the CMO receive periodic interest and principal payments as well as return of principal payments as well as return of principal as the loans are repaid. Equitable mortgage a legal document that encumbers the property but is not technically a mortgage because of the existence of some legal error. Example: Although there was an error in the propertyâ&#x20AC;&#x2122;s legal description that was attached to the documents, the parties intended the transaction to be a mortgage loan. And the judge enforced the equitable mortgage as if it were a mortgage loan on the property. Horizontal property laws state statutes that enable condominium ownership of property. Whereas property laws generally recognize ownership rights to all space from the center of the earth to some distance in the air, condominium laws allow individual ownership to be split on a horizontal plane that generally limits the unit ownerâ&#x20AC;&#x2122;s interest to the inside dimensions of the unit. See common elements. Example: before passage of horizontal property laws all owners in a condominium were obligated under each individual mortgage loan in the complex. If one owner defaulted, the lender could foreclose on the entire condominium. Now, to secure a loan, each owner pledges only his or her limited interest in the condominium. Mortgage commitment an agreement between a lender and a borrower to lend money at a future date, subject to the conditions described in the agreement. Example: baker wishes to build a home. Construction will require 6 months. Baker obtains a mortgage commitment from home town savings and loan for permanent financing of the home the time of its completion. Listing Price the price a seller puts on a property when it is placed on the market. Listing price, or asking price is generally considered a starting place for negotiations between the seller and a prospective buyer. Example: The home was listed at $350,000. Prospective buyers knew they could purchase it for that amount or try to negotiate a lower price with selling concessions.

www.dayliff.com

��

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

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.

36 | The Darproperty - Feb 2015

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

GREAT VALUE ITEM DONâ&#x20AC;&#x2122;T MISS OUT SUBSCRIBE NOW!

Order form for subscription to The Darproperty Magazine and receive your free copy. Personal Details Mr

Mrs

Initials

3 Months - 30,000/=Tshs / 2000/= Kshs

Other title

Last name

6 Months - 60,000/=Tshs / 4000/= Kshs

Delivery address:

12 Months - 85,000/=Tshs / 5000/= Kshs

Payment options Cheque enclosed, payable to Darproperty

Postcode

Town Country

Telephone

Tshs / Kshs acceptable

OTHER PAYMENT OPTIONS CALL US +255 784 238962 / +254 728 992 531

Mobile

Signature

E-mail

Date

To order: sales@darproperty.net

Or post this form to: P.O. Box 105499, Dar es Salaam, Tanzania.

Darproperty magazine is a free magazine, if you cannot pick it from the designated areas feel free, to have it delivered to your address. Amount charged is for postage, delivering & packaging.

LIST YOUR PROPERTY HERE FOR ONLY TSHS 30,000/= VAT EXCL.

CLASSIFIEDS

1,000 Acre Farm located between Mount Meru and Mount Kilimanjaro 0786 904 360.

SALE!

sale $1,000,000 Plot for sale in Kawe situated on the main road, 4,000sqm 0786 904 360 mik och eni B

SALE

Visiga - Kibaha Has Title Deed No.78280 12,200/= SQM 0756 359529/0754 366531 0754 013550/ 0767 010854 kig amb oni

kib aha vis iga

FOR

SALE 2 plots of 12.4 acres and 3 acres great north and west views of ngorongoro crater rim and oldeani mountain; fully titled. 0787 133 947

kib aha vis iga

ubu ngo

We st K ilim anj aro

sale $3,000,000

SALE $900,000

20 surveyed contiguos plots (medium density) Kerege Bagamoyo district, 1 kilometer oﬀ Bagamoyo rd. suitable for housing estate 0713 336 387/ 0762 122 328

kaw e

SALE 100m

1 one acre, Ideal for petrol station 0715/0784 281851

SALE 700m

3 Acres - Ubungo Msewe 0718 568 482/ 0758 325 491

SALE $400000 School plot, 26,900SQM, adjacent to National Housing estate Clean Title Deed. 0713 336 387/ 0762 122 328

kar atu

kis ara we

bun ju

price on request Plot for sale at Bunju - few meters oﬀ Bagamoyo road 0754 780 650 0789 331 255

ker ege bag amo yo

RENT $2000

Mikocheni B - Bima road 5 bedrooms, 2 bathrooms, 493sqm 200 Metres from the main tarmac road, +255 786 207 911

RENT $700 4 Bedrooms house, 2 Bathrooms, 2 living rooms, enough water reservior, 20 meters from the main road 1 master bedroom, electric fence 0756 012 987

ubu ngo kib ang u

RENT & SALE $2000 3bedrooms, 2bedrooms, fully furnished, swimming pool, gym, 0765384239/ 0765283750

bun ju

mas aki

kig amb oni

simply call 0767 200 202 classiﬁeds@darproperty.net

KUNDUCHI VILLAS Kunduchi Beach Villas

SALE 15m 636SQM Gezaulole Temeke Municipality, 0715913814 / 0784913814

SALE 12,000/=Tsh/m2 Plots for sale at Kigamboni, mwasonga-kichangani, 25km from ferry. (price are negotiable. 0717 992 455/ 0787 992 455/ 0767 992 455

kon gow e

gez aul ole

kib aha vis iga

+255 762 545 866 +255 684 425 142

SALE Visiga - Kibaha Has Title Deed No.78310 8,907= SQM 0756 359529/0754 366531 0754 013550/ 0767 010854

sale 122m 3.05 Acre, Title deed no.78280 0767 010 854 / 0684 010 854

SALE 150,000 3 Bedroom, 2 Bathrooms behind Mzee wa Upako Church 0657 376496

mik och eni

NEWLY BUILT. MOVE IN READY! PREMIUM LOCATION VILLAS

sale 50m 11/4 Acre 1 km from Morogoro rd. 0718 568 482 / 0758 325491

sale $1.5m 6989 sqmeter industrial plot Light Industrial area. +255 789 234041 | +255 713 853369

40 | The Darproperty - Feb 2015

B32

SO LD B30

SO LD B22

B23

B24

B25

LC3 D

B13

B21

B14

ON FER

4mx8m / 32m2

FER SILVER

4mx12m / 48m2

OF GOLD FER

B12

B18 B17 ON OF FER B19 B16 ON OF FER B20 B15 ON OF FER

B11

3mx9m / 27m2

SO B6 LD

OB2 FFE B1 R

DOME HALL

OB4 FFE B3 R

D A6 A5 A4 SOLA7 A10 A9 A8

SO B7 LD

OFFICE FOOD COURT

B10

SO LD B8

MAIN HALL

OF BRONZE FER

8mx8m / 64m2

B31

B29

B28

B27

SO LD B26

MAIN HALL

DIAMOND JUBILEE V.I.P HALL

L T I T

B33

SO B34 LD

B35

B36

SO B37 LD

Deluxe - 4mx4m

Standard - 3mx3m

Mini - 2mx2m

KIDS PLAY

MAIN ENTRANCE

FLOOR PLAN DARPROPERTY EXPO RECEPTION

THE 2 DARPROPERTY EXPO ND

LOCAL & INTERNATIONAL EXHIBITORS

Diamond Jubilee V.I.P Hall ND TH 2 - 5 MAY 2015

Gala Dinner | Dar es Salaam Serena Hotel | 9 May 2015

Pre - register NOW

TANZANIA: +255 784 238 962 | 713 751 868 KENYA: +254 728 992 531

expo@darproperty.net

The Darproperty - Feb 2015 | 41

LAND FOR SALE - KARATU

4 PLOTS TOTALLING APPROXIMATELY 600 ACRES OF LAND CLOSE TO KARATU TOWN. VIEWS OF NGORONGORO CRATER RIM AND OLDEANI MOUNTAIN. NEW SUB-TITLES. CLOSE TO KARATU TOWN IDEAL FOR HOTEL / TOURISM, RESIDENTIAL OR INTENSIVE AGRICULTURAL. NO AGENTS PLEASE.

CONTACT 0787 133 947 Karatuland@gmail.com.

“Mwanza’s most leading property agent”

+255 767 245 779

www.mwanzaestate.co FOR RENT - Bwiru

$4000

6 Bedrooms Air condition Hot water

FOR RENT - Capri point

7 Bathrooms Swimming pool

$2200

4 Bedrooms Air condition Indoor parking

3 Bathrooms

FOR RENT - Capri point

$1000

4 Bedrooms Fully furnished Lake view

4 Bathrooms

FOR RENT - Buswelu

FOR RENT - Kiseke

FOR RENT - Nyegezi

Tshs. 340,000/=

$350

Tsh. 420,000/=

3 Bedrooms Ample parking Wire fenced

2 Bathrooms

4 Bedrooms Indoor parking Hot water

2 Bathrooms

FOR RENT - Butimba

FOR RENT - Bwiru

$400

$1500

4 Bedrooms Dstv connected Fully furnished

2 Bathrooms

FOR SALE - Luchelele

Tsh. 290m

1 Acres Accessible Near Jembe Beach

Lake shore

5 Bedrooms Fully furnished Laundry room

4 Bathrooms Air condition

FOR SALE - Luchelele

Tourist Lodge Peninsula with over 1km of waterfront

3 Bedrooms Fenced Ample parking

2 Bathrooms

FOR RENT - Bwiru Bima

$700

3 Bedroom Hot water Balcony

4 Bathrooms

FOR SALE - Ilemela

$91,000

Lake view Near Airport 1000 Square Meters

FOR RENT - Lumumba

6 rooms Ample parking 250sqm Hall Air condition FOR RENT - Bwiru

$600

3 Bedrooms Hot water Wide windows

3 Bathrooms

FOR RENT - Bwiru

Tsh. 500,000/=

3 Bedrooms Parking Fenced

2 Bathrooms

FOR SALE - Ilemela

Tsh. 71m

Airport view 1000 Square Meters The Darproperty - Feb 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

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 ďŹ&#x201A;oor upanga/kisutu street P.O.BOX 6547 DARESSALAAM hamptonspropertiestz@gmail.com, a_kito@yahoo.com 0654 204083/ 0784 323133

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 2014 44 | The Darproperty - Dec 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

PATRONS If your business keeps you so busy that you have no time for anything else, there must be something wrong, either with you or with your business.

ADVERTISERS

INDEX

If you like what you are reading Buy from our Advertisers, remember to mention you saw their Advert in this magazine

PATRON PAGE NO

Advertise with US NAIROBI +254 728 992 531 DAR ES SALAAM 022 2780517 0784 238 962 / 0713 751 868 sales@darproperty.net

46 | The Darproperty - Feb 2015

AKIBA COMMERCIAL BANK......................18&19 ARUSHA WESTERN CORRIDOR .................8&9 AFRICA SAFER TANZANIA LTD.................24&25 AVIC TOWN...................................................1&22 AXIS REAL ESTATE.......................................34&35 BABU MASANJA..................................................17 BERGER...................................................................2 BOA BANK.............................................................1 CES........................................................................32 CHEMICOTEX......................................................37 CHOKOLE INVESTMENT LTD............................28 CITY PLAN............................................................30 DAVIS & SHIRTLIFF...............................................31 JAMII FORUMS....................................................45 JJP INSURANCE...................................................26 JV DEVELOPERS...................................................32 KAFKAS ...........................................................3&48 KARATU ................................................................42 KENYA VALUERS.........................................14&15 KOROSSO...........................................................17 LLOYD JONES.....................................................13 LONGONOT GATE............................................27 MEK ONE.............................................................11 MWANZA ESTATE..............................................43 PROPERTY WISE.................................................47 REMAX...............................................................1&7 SAMSA.................................................................33 SIMBA CEMENT......................................................1 SPIK N SPAN........................................................42 TANGANYIKA ESTATE AGENTS....................4&5 TATU CITY ............................................................16 TBS.........................................................................36 TEREX.....................................................................31 VISION FURNITURE............................................29 WASHAPAWA.....................................................26

Th eRoc kCi t yMa l l i samode r n , s t a t eofa r ts h oppi n gf a c i l i t yi nt h eh e a r tofMwa n z a . Th i sf ou r s t or e yf a c i l i t ywi t hal e tt a bl es pa c eofa bou t3 5 , 0 0 0s qu a r eme t r e soff l oors pa c ei ss t r a t e gi c a l l y l oc a t e da tt h ej u n c t i onofF u r a h i s h aa n dAi r por tr oa ds .

Th eRoc kCi t yMa l l i se n v i s a ge dt obeah omeofh i gh e n di n t e r n a l br a n dsa n dh i ghqu a l i t yl oc a l l yma depr odu c t s . I ti sge n e r ou s l ypr ov i de dwi t ha mpl ec a rpa r k i n gl otf ormor et h a n6 0 0c a r sa n d2 0 0Ba j a j . Th ei n t e r i orl a y ou toft h ema l l i sn i c e l ypl a n n e da n ds h opsona l l l e v e l sa r ee a s i l ya c c e s s e dbywa ye s c a l a t or s , pa n or a mi ce l e v a t or sa n df i v es t a i r c a s e s . Th e r ei sas pa c i ou sc e n t r a l a t r i u mf orpr odu c t ss h owc a s i n ga n d e x h i bi t i on s . Th eba s e me n ti sf ors t or a gepu r pos ea n di spr ov i de dwi t ht woc a r gol i f t s . Al l s h opsa r ec e n t r a l l y c ool e da n dt h e r ea r et wogi a n tge n s e t sf orpowe rba c ku p. Abov ea l l , s e c u r i t ywi t h i na n da r ou n dt h es h oppi n gc e n t r ei sr e l i a bl e

B a s e me n t S t o r a g ew i t hC a r g oL i f t s E s c a l a t o r L i f t

B a c k u pG e n e r a t o r P a r k i n g

C o n f e r e n c ef a c i l i t y/Mu l t i p u r p o s e A mmu s e me n t P a r k B a r

T h es h o p p i n gma l l h a sa l r e a d ya t t r a c t e dt h ea t t e n t i o no f :

•S u pe rma r k e t( TS N) •Awi der a n geofba n k ss u c ha sCRDBBa n kPL C, F NBTa n z a n i aL i mi t e d, Na t i on a l Mi c r of i n a n c eBa n kPL C, S t a n bi cBa n kTa n z a n i aL i mi t e d, Ex i m Ba n k , Ec oBa n kTa n z a n i aL i mi t e d, Na t i on a l Ba n kofComme r c el t da n d bu r e a udec h a n ge . •I n t e r n a t i on a l Br a n dsl i k eWool wor t h s , L e v i ’ s , S on y , S a ms u n g, Appl es t or e , GEMORO J e we l l e r ya n dTr opi c a l •I n t e r n a t i on a l r e s t a u r a n ta n dCof f e es h opl i k eI NNS CORI NTERNATI ONALa n dCAF E&CHOCOL AT ( S wi s sF r a n c h i s e ) r e s pe c t i v e l y •Te l c om c ompa n i e ss u c ha sVoda c om, Ti go, TTCLa n de l e c t r on i cs h ops . •S h e r i aNgowi ade s i gn e rs h opa n dot h e rr e n own e dc ol l e c t i on sl i k eS h e a rI l l u s i on s , S t r e e tS ou l , Ta u s i F a s h i ona n d ma n ymor e . •S a ma k i S a ma k i a n daRoc ks por t sba ra tt h ema i npa r k i n gba y •Mode r nc h i l dr e na mu s e me n tpa r kt h a th a st obef i t t e dwi t hh i ght e c h5 Di n doora n dou t doorga me sde v e l ope d onon ea c r epi e c eofl a n d.

Weh a v el i mi t e ds p a c ea v a i l a b l ef o r :

•Ret a i l a ndmegas hops •Cof f ees hopsa ndFoodc our t s •St a l l sa twa l k wa y s •Ci nema s( Thr eeha l l s ) •ATM z one •Ba s ements t or a ges pa c epr ov i dedwi t hc a r gol i f t sona l l l ev el s

F orRe nt alE nqui r i e spl e as ec ont ac t : Mobi l e: +255682426262|+255716119999|+255654171717 E mai l : i nf o@pr ope r t ywi s e l t d. c om