Darproperty january 2016 by Darproperty Tanzania

The

January 2016

Featuring Properties from Tanzania & Kenya

www.darproperty.net

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

FREE COPY

Issue No 45 | ISSN 1821-7753

The Darproperty - January 2016 |1 The Darproperty - August 2015 | 1

2 | The Darproperty - January 2016

”Tanzania´s leading land & property broker” www.tzagents.com Dar es Salaam

FOR RENT Oyster Bay - 3 b/r $ 2,900 / month

FOR RENT Masaki – 4 b/r $ 4,000 / month

FOR RENT Mbezi Beach – 3 b/r Price on request

FOR RENT Kipawa - Warehouse $ 7 / month

Arusha

FOR SALE Nduruma – 4 b/r $ 115,000

FOR RENT Njiro - 4 b/r $ 1,000 / month

FOR RENT Moshono – 4 b/r $ 1,000 / month

FOR SALE Endurance Estate – 3 b/r $ 500,000

Tanga / Pangani

FOR SALE Ushongo Beach – cozy $ 225,000

FOR SALE Stahabu – 5,6 acres $ 120,000

FOR RENT Pangani – 6 acres Price on request

FOR SALE Tanga – Central hotel $ 695,000

Contact Dar Salaam Dar eses Salaam

Raphael Nondi

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

Arusha

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

Property of the month! Moshono – High standard - $ 300,000

PHOTO

High quality property for sale in Moshono, Arusha. Located in quiet neighbourhood together with quite a few other high standard properties. 4 bedrooms – 2 of these ensuite. 2 of the bedrooms have outdoor access / entrances. Open floor plan kitchen / dining- / livingroom. Livingroom with 8 metres to the ceiling provide open and “airy” feeling. Well kept, green and mature garden on plot measuring 750 sqm. Splendid Mt Meru views. Staff quarters (1 room) and separate WC, shower and laundry area for staff. Water both from kijiji and the municipal. Tanesco power (luku meter) and prepared for back-up generator. Parking for 3 cars. Walled compound. Clean title deed with 90 years remaining.

A MODERN AND SECURE HOME WITH A STUNNING VIEW

CALL US NOW!

+255 762 545 866 +255 684 425 142

��

THE REEF APARTMENTS

NEWLY BUILT APARTMENTS AND VILLAS FOR SALE AND FOR RENT PROPERTY FEATURES:

Ocean views or Private beach, Swimming pool, Modern kitchen appliances, Fully equipped gym, Air conditioning, Standby generator, 24hrs Elevator, High-end Security & CCTV cameras, Electric fence, Ample parking yard, DSTv connection, 24 hour Management service !

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

NO SIGN OF KENYA’S PROPERTY MARKET RUNNING OUT OF STEAM

ith demand for real estate in Nairobi sending property prices soaring on the back of rapid urbanisation, nearby counties are also seeing an uptick in activity as developers look to channel funds into satellite cities and commuter towns. Advertised land prices in Nairobi’s nine fastest-growing suburbs have increased five-fold since 2007, according to the Hass Property Index, issued by local real estate firm HassConsult in partnership with asset management firm Stanlib. Growth was the most pronounced in the Upperhill and Kileleshwa neighbourhoods, where prices soared by 789% and 614%, respectively. Land in Upperhill is now the most expensive in the city, averaging KSh470m ($5.01m) per acre. “The pressure on land prices is caused by the inherently limited supply of land close to key city centre clusters,” said Kenneth Kaniu, chief investment officer at Stanlib, quoted in the report. However, the rise in prices has led to a slowdown in new project announcements as developers consider more carefully the cost of potential transactions, Farhana Hassanali, the CEO of HassConsult, told OBG. “The price of land is essentially pegged to its development potential, and we are seeing many parcels of land sitting on the market for longer periods of time,” Hassanali explained. “It is likely we will see some correction in prices, or at least a stalling in their rise.”

14 | The Darproperty - January 2016

Filling the gap

In addition to the limited availability of land, high housing demand has also contributed to the rise in the cost of house and apartment sales and rentals. Residential property prices rose by 8.3% year-on-year in 2014, with apartment prices increasing 13.2%, according to HassConsult data. The single-largest contributor to the rise has been the increased demand for middleincome and affordable housing in Nairobi, with official estimates putting the need at 200,000 units annually. Reducing the housing deficit is a priority for the government, which has recently pledged to construct 300,000 affordable housing units by 2017. The jump in property prices has attracted significant interest from the banking sector, prompting the Kenya Bankers’ Association (KBA) − the industry’s umbrella body − to launch in February 2015 its own house price index (HPI) for measuring and monitoring the sector’s development. Despite efforts to grow the mortgage market in the country, it remains severely undeveloped, with most estimates placing the total number of mortgages across the country at about 20,000. Analysts cite high interest rates and low wages as obstacles to the growth of the sector.

Farther afield

The upward trajectory of Nairobi’s property market is leading to knock-on effects in surrounding areas. Among the larger planned developments in the region include Migaa, a 774-acre master-plan city located in Kiambu

“The pressure on land prices is caused by the inherently limited supply of land close to key city centre clusters,” county, about 30 km from downtown Nairobi, that is being developed by Home Afrika and is set to include a hospital, golf course, museum as well as retail and commercial space. In a separate development, Konza Tech City − a government initiative to develop a “green” satellite hub 60km south of Nairobi in Machakos County − will house the country’s IT and education industries when built. One of the first master-planned projects announced was Tatu City, which when completed, is expected to include 2500-acre, mixed-use, development in Kiambu county, about 30 minutes from Nairobi city centre. Nevertheless, the proliferation of satellite cities and commuter towns is likely to increase in the coming years, Njoroge Ng’ang’a, group CEO of Home Afrika, told OBG, but will be reliant on concomitant improvements in transport links. “The biggest obstacle limiting township developments is the current state of infrastructure,” Ng’ang’a told OBG. “Connectivity is key. Improved roads, as well as new projects like the proposed commuter rail lines, are essential for the successful development of the satellite cities, which if executed correctly will open a whole new class to home ownership in Kenya Shared from: OBG.

The Darproperty - January 2016 |15 The Darproperty - August 2015 | 15

16 | The Darproperty - January 2016

DCB Commercial Bank Plc

DCB Mortgage Loan Nyumba ya ndoto yako di a h i 0/his

ra i 50 o p o ilion k M

. Shs

Marejesho hadi miaka

15 Inawezesha Kununua Nyumba Kujenga Nyumba Kukarabati Nyumba Mahususi kwa Walio Ajiriwa na Wajasiriamali Tupigie

0784 210 358 / 0782 195 057 / 0787 353 873

www.dcb.co.tz

DO YOU HAVE WHAT IT TAKES TO SELL YOUR HOME?

ne of the worst things about selling a home is handing over some of the profit to a real estate agent in the form of a commission. After all the 6% commission means $30,000 is gone right off the bat on the sale of a $500,000 home. But you don’t have to see any money go to a real estate agent if you sell your home on your own. DIY home selling isn’t for everybody, nor is it easy, but if you possess certain traits you could save a lot of money. From having a knowledge of the market to maintaining top notch organizational skills, here’s a look at four traits you need in order to succeed with a sale by owner transaction.

Market Knowledge

Some of the main reasons you hire a real estate agent is because they understand the market, know how to set the price and are 18 | The Darproperty - January 2016

well versed in all that comes with selling a home. But it’s not rocket science. Thanks to the Internet anyone can learn about their local real estate market, granted if they are willing to invest the time. That means searching for comparables or similar homes that recently sold, marketing the property and making sure it is priced right. Go too high and it can sit on the market. Price too low and you are leaving money on the table. A good real estate agent is going to be able to do all of the above plus have access to potential buyers. A good DIYer follows the same strategies when selling his or her home. To price it right, sellers can spend the money for an appraisal or they can look at what houses in their area with the comparable square footage and amenities sold for and price it around that.

Spread the Word About Your Home for Sale

No matter how accurately you price your home, it won’t matter if no one knows it is for sale. That means you have to possess the ability to spread the word about your sale. That means using social media, placing ads and literally spreading the word to anyone you meet. Yes, you want the “for sale” sign prominently displayed in your front yard but you also want to list it on the Internet or even in the newspaper to reach as many people as possible. After all, the more people see your home the quicker it will sell for.

Organization Skills Are Top Notch

If you did your job right and price the house correctly and spread the word as much as possible, chances are you are getting a lot of calls about your home. This is where top

Real Estate

No matter how accurately you price your home, it won’t matter if no one knows it is for sale. notch organizational skills come in. On top of keeping the house neat and the property maintained, you have to return would-be buyers phone calls, set appointments to see the home, and then be available whenever they want within reason. One of the worst things a DIY home seller can do is be unreachable to buyers. People are quick to move on to the next property when they can’t get access to the home.

You Can Weed Out the Good From the Bad

One of the quickest ways to slow down the sale process is choose a buyer who ultimately can’t close the deal. It’s a frustrating and costly situation for the seller. Once there is a contract the house goes off the market, shutting out potential buyers. With the

mortgage process taking so long that can easily mean three months the house is off the market if the deal doesn’t go through. Because of the risks, home sellers have to be able to weed out the good buyers from the bad ones. Going with a buyer who is preapproved as opposed to prequalified is a good start. Preapproved means the borrowing process has begun and the lender qualified the borrower based on a mortgage application and supporting documentation. Preapproval can be done online or over the phone, and it gives buyers a ballpark idea of how much they can qualify for. Down payments and the conditions attached to the mortgage also matter and need to be weighed heavily. If all things are equal, the best bet is to go with the home buyer offering the biggest down payment with the fewest conditions to getting the mortgage.

That shows their seriousness and commitment to buying the home. A buyer with no down payment loan could be at riskier bet. All of this requires the ability to investigate and analyze offers to ensure you choose the correct one.

The Bottom Line

Everybody wants to get the biggest profit from the sale of their home but not everyone is going to be able to do it on their own. There is a reason there are so many real estate agents: it’s not an easy job. But if you want to go it alone you better make sure you have certain characteristics. Not only do you need to be market savvy, but you have to be organized, accessible and at the same time possess the ability to market the property. The Darproperty - January 2016 |19 The Darproperty - August 2015 | 19

22 | The Darproperty - January 2016

courtesy NHC

GOVERNMENT CONSIDERS REMOVING VAT ON HOUSES Tanzania is estimated to have a housing deficit of three million units and growing at a rate of 200,000 units per annum.

eputy Minister for Lands, Housing and Human Settlement Development Angelina Mabula, speaking at her familiarisation tour of Watumishi Housing Company (WHC) in Dar es Salaam recently, said the process of reducing VAT on houses was at an advanced level and will be tabled in the next budget. “A lot has been done on the issue of VAT on houses by the special task force at the Treasury office. We continue to make close follow-up on the matter to ensure that the low income earners’ dream to own decent homes at an affordable price is realised,” she said. Ms Mabula urged WHC to consider establishing new projects in the rural areas to cater for the high demand of decent houses for public servants, an incentive that will attract many others to work in the remote places. 26 | The Darproperty - January 2016

Tanzania is estimated to have a housing deficit of three million units and growing at a rate of 200,000 units per annum. The National Housing Corporation (NHC) estimates that Tanzania needs around 200,000 units annually worth Sh19 trillion to meet the demand. In his welcoming remarks, the WHC Chief Executive Officer (CEO), Dr Fred Msemwa said by reducing VAT on houses, more houses will not only be bought but also investors in the real estate will invest in massive projects. “The move to slash VAT on houses will have a positive impact on the sector with more projects executed, allowing the government to collect more property and land taxes,” he said adding that WHC has already constructed about 768 houses. He named the regions with the housing units in brackets as Tanga at Pongwe area (40),

Mwanza at Kisesa Township (56) and Dar es Salaam which will receive the bulk of the houses to be built in Kigamboni (400), Bunju (190) and Magomeni Usalama (104). At Magomeni Usalama project, WHC is set to build two flat buildings with 15 floors each. Besides Dar es Salaam, Morogoro, Tanga and Mwanza, other regions that will benefit from the construction of the low cost houses are Dodoma, Ruvuma, Mtwara, Mbeya, Kigoma, Mwanza, Shinyanga, Arusha, Tanga, Lindi and Coast. It is in Coast Region where WHC is set to radically change the face of Kibaha Township by launching a massive project to build 1,000 housing units in what will be a satellite town aimed at warding off the town’s residents commuting to Dar es Salaam for shopping. Written by: The Dailynews

REAL ESTATE The ABCs of REAL ESTATE MARKET Dragnet Clause a provision in a mortgage that pledges several properties as Collateral, potentially including newly acquired property owned by the borrower. A

default on one mortgage

constitutes a default on the one with the dragnet. Example: A real estate investor was in financial straits. She failed to pay a certain Mortgage. The holder of the on a different property, which was not in default, enforced the dragnet clause in its mortgage by foreclosing. Master Lease a controlling Lease. Contrast with sublease. Note that one cannot grant a greater interest in real estate than one has: so if a master lease is for a 5-year term, a sublease cannot legally exceed 5 year. Example : Abel leases 10,000 square feet of retail space Baker Baker then sublease the space to 5 different tenants. The lease between Abel and Baker is the master lease. Mortgage Relief acquired freedom form mortgage debt, generally through assumption of mortgage by another party or debt retirement. In a tax- free exchange, mortgage relief is considered boot received. In many foreclosures, where the property is the sole collateral for the loan, or the borrower fails to pay anything in addition to the real estate, the transaction is treated for tax purposes as a sale for the mortgage debt. If the taxpayer’s basis is less than the mortgage relief, the difference is a taxable gain. See short sale. See short sale Example: Hank owns a building with a fair market value

$100,000 and an adjusted tax basis of $50,000. It is encumbered by a $40,000 mortgage. Hank exchanges the building for land with a fair market value of $60,000 and the other party assumes Hank’s $40,000 mortgage. The total value Hank receives is $100,000. Hank’s realized gain is $50,000, but for tax purpose he need recognize only $40,000 for the amount of mortgage relief. Example: Eric owed $650,000 on a home upon forecloses. The lender accepted the home as full payment of the debt. Because his tax basis of the home was $400,000 a $250,000 gain is realized, but may be excluded from taxation if the home was his principal residence. Exposure (Financial) the amount that one may lose in an investment: the unprotected portion. Example: The property worth $1 million was insured for $750,000, leaving an exposure of $250,000. Exposure ( Market) the advertising , whether free or paid of property that is for sale. Example: Real estate agents provide market exposure through such devices as: • Classified ads in local papers • For sale signs on the premises • Inclusion in multiple listing service • Displays in their office

“Mwanza’s most leading property agent”

+255 767 245 779

www.mwanzaestate.co FOR RENT - Bwiru

OFFICE FOR RENT - Mwaloni

FLAT FOR RENT - Ilemela

FOR RENT - Capri point

$1000 $2200 $1000 6 Bedrooms 7 Bathrooms 5 Rooms, Conference Hall, 3 Bedrooms 360 Balcony Air condition Swimming pool Main road located, 2 Kitchens 4 Bathrooms Near main road Hot water Strong room,generator room Ample parking area

$1000 3 Bedrooms 3 Bathrooms Basement

FOR RENT - Buswelu

FOR SALE - Capri point

$4000

Tshs. 340,000/= 3 Bedrooms Ample parking Wire fenced

FOR RENT - Capri point

$1000 $350 2 Bathrooms 4 Bedrooms Security guards 4 Bathrooms Lake view Ample parking area

FOR RENT - Nyegezi

Tsh. 420,000/=

$300,000 $600 3 Bedrooms 2 Bathrooms 3 Bedrooms,1465 Square Fenced meters, Ideal location Ample parking Near town

FOR SALE - Capri point

PLOT FOR SALE - Igogo

$250,000 $400 3 Bedrooms Servant quoter Near town 1493 Square meters

Tshs. 160m

1500 Square meters 4 bedroom house included Near main road

900 Square meters Fully fenced Located by the main road

546 Square meters Nyerere road

FOR SALE - Luchelele

FOR SALE - Buswelu

FOR RENT - Capri point

FOR SALE - Isamilo

Tsh. 290m

Tsh150m $300/ Self contained 10 bedrooms, 2 Bedrooms sold with furnitures Near Hindu Mandal hospital 3 bedroom house behind the lodge.

1 Acres Lake shore Accessible Near Jembe Beach

Garden Lake view

GODOWN FOR RENT - Igogo

$3600

OFFICE FOR RENT-Nyerere rd.

$4000

$800

Bedrooms, furnished, near town

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) – OFF ISAAC GATHANJU ROAD Ref. 74

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

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

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.

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.

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.

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!

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

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

MB E ZI

MB WE N

SALE 100,000,000/=

Property ideal for Restaurant cum Bed and Breakfast, Accessible by Tarmac road 0767 120 250/ 0787 120 250/ 0712 722 502 MA SAK I

Beach plot for sale near Millennium Hotel 100 meters from the ocean with government offer of 35 years 0754 310 137 / 0713 451 395 I

MO RO GO RO

KIG MLAM ANBON DIZ I I

RENT/Joint Venture

SALE $177,000.

$1,500

A fully furnished 4 bedroom 3 bathroom eco house electric fence, garden, parking, 24 Hr Security 0713 856 962

SALE TSH 55m

RENT $6000 Vat Inc.

4 bedroom house SALE $84,000 800 square meter 1 min from main road 300 yards from the beach. +255 655 323 286

Plot for sale located at Morogoro CBD - Boma rd surveyed location Plot size 2977 SQM +255 754 310 583 +255 786 088 600

House for rent in Masaki 6 bedrooms, +255 754 526 535

3 Bedroom apartments Fully furnished, Swimming pool, Gym, standby generator, security +255 684 468 468

BON

SIN

ENT R YC

Showrooms & warehouses available along the nyere road new complex +255 684 468 468

EZI

CIT

SALE $600,000

Three bedroom apartment block with swimming pool. Located in Mbezi Beach Tangi Bovu, near Shamo Towers +255 716 777 999

SALE TSHS 400m

3 Bedroom house Sinza kwa Remmy near The Place Fast Food Restaurant 288 SQM (NEGOTIABLE) +255 767 422 258 BEA CH

Office space to Let Morogoro and Bibi titi Road. 0789 865 933 / 0788 44 04 66 ENT ER

CH BEA EZI

GA TAN

SALE $2m

Beach Plot Kigamboni Mbutu (Kichangani) Dar es Salaam Size 3.83 Hectres with title deed. +255 767 422 258

RENT

SALE Tsh 260m

Plot for rent Tanga Well fenced more than 30 acres plot at kasela. 0754 324064 0754 529 829

4 Unfurnished bedrooms at Masaki Haille selassie 0754 526 535

CIT

MIK OC

ERE R

HEN

OA D

4 Bedrooms, 3 self-contained, Servants quarters, parking space and security. 0784 630 182 / 0787 555 911

RENT

KIG

RENT $5,000

RENT

RENT $1500

3 Apartment in one compound 2 bedrooms self contain. 2 gates Easy access to harbour and city center. +255655323286 Jmmako11@live.com

SAK MA

UPA

KAW

EAC

Plot for sale located at Kimbiji Moris, 43 km from ferry, 230m from kimbiji beach, Area 3.3 acres. 0787 992 455/ 0714 633 499/ 0715 283 803

SAL A

BA GA MO YO

AR U ISAN AW AR

RENT 600,000 /MONTH

SANAWARI - MATAA 3 Bedrooms 0754 021 962 / 0787 021 962

SAL A

simply call 0767 200 202 classifieds@darproperty.net

MIK OC HEN IB

SH A

CLASSIFIEDS

Shreeji Tower 3 bedroom fully furnished +255 715 000 642

RENT

SALE 360m 500m behind Shamo park at Goigi Bagamoyo road. Clean title, 900 sqm, main water supply, three phase power connection. 0715 686 051

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

CLASSIFIEDS KIG AM BO NI

BEA CH MB

EZI

MIK OC HEN I

MIK OC HEN IA

simply call 0767 200 202 classifieds@darproperty.net

NO PHOTO

RENT $6000 Rose Garden Big house with swimming pool, fully furnished, generator, cctv camera, 24 hours security and electric fence 0784 999 245/ 0756 501 137/ 0717 537 737

KIN ON DO NI

MO RO GO RO

MIK ML OC AN HE DIZ NI I

SALE $ 600,000 3 bedroom Apartment located in Mbezi Beach Tangi Bovu swimming pool, ample parking, 24hr security. 0716 777 999

SALE TSHS 185m

Plot for sale at Kigamboni Kibada 800 meters from the road, with 3500sqm. with Tittle Deed. NO AGENTS PLEASE 0769 115 502 MA SAK I

RENT $ 1500

3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101

NO PHOTO

RENT $1500 SALE 100m Plot for sale located at Morogoro CBD Boma road surveyed location Plot size 2977 SQM +255 754 310 583 +255 786 088 600

WA R

Tegeta Mivumoni, 1600sqm Plot for sale at Tegeta, Mivumoni. no title deed 0713 803 069

OR T AP

AN UR

SALE TSH 45m

SALE TSH 40m Plot for sale at Kibada, 765sqm Block 15 near main road with the title deed 0713 803 069

IA HEN MIK OC

TEG

KIB AD A

A KIB AH

SALE $600,000 Petrol station and unfinished business buildings located at mlandizi area in coastal region with ample parking space is for sale or rent at negotiable price 0786 637 992/ 0688 538 804/ 0758 302 686

House for rent in Masaki 6 bedrooms, +255 754 526 535

ETA

IB HEN MIK OC

RENT $1,000 3 bedroom, one master bedroom, inbuilt wardrobes, continuous water supply. Suitable for both residential and office use 0713 228 931

RENT $6000 Vat Inc.

SALE TSHS 120m

Plot size 1985 SQM +255 766 888 333 +255 716 444 888 +255 766 100 100

KIB AH

Villas in Mikocheni Area, 5 mins drive to Kairuki Hospital, Shoppers Plaza & Milenium Towers. +255 715 180 872 | +255 784 691 414

3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101

RENT $750 5 bedroom house for rent at Ungindoni Kigamboni with large compound, servant quarter and garage 0685 215 737

ER ENT YC CIT

NI BO AM KIG RENT $ 1500

SALE $420,000 Land for sale - Ideal for petrol station or transport / logistics company - 7000 SQM 0787 528745

RENT The plot has a coverage area of more than 20 acres Which is close by to Mtwara Port 0754 324064 0754 529 829

IA HEN

HI UC ND KU

RENT $650 Newly built Restaurant for rent at Kunduchi nearby Silver Sand Hotel & Beach 0653 885 509

SALE $52,000 Coastal Region, Tanzania, (Mkuranga) 4.5 acre plot with 100 metres of beach front, 70 km south of Dar es Salaam Louisebozaplot@gmail.com

MIK OC

RENT $ 1500

3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101

RENT Office Space to Let at Azikiwe Street near NMB Bank. +255 788 440 466 / +255 789 865 933

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

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

CHINESE PROPERTY AGENT TRANSLATOR Msasani Road, Masaki English Chinese Translator Dealing with your chinese client sms 0756 50 11 37 giraffe_007@163.com

PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.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

PRESTIGE PROPERTIES Phone: +255-713-764-447/ 0767471293 Tel:+255-22-266-4373 Email:info@prestigeproperties.co.tz www.prestigeproperties.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 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 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

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

TANGANYIKA ESTATE AGENTS Village Walk, close to Sea Cliff Hotel +255 717 032 633 info@tzagents.com 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

40 The DarProperty August 2014

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 +255 756 960 960, +255 714 444 250, +255 752 444 606.

MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710

ARUSHA

ARUSHA +255 653 005 530, MWANZA +255 653 005 535, INFO@TZREALESTATE.CO.TZ TZREALESTATE.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

Real Estate Agents Directory in Kenya AXIS REAL ESTATE 0727 572836 0713 908 406 kv@kenyavaluers.com www.kenyavaluers.com 48209 Nairobi Kenya

HASS CONSULT LTD ABC Place, 1st Floor, P.O. Box 14090, Nairobi Tel: +254 20 4446914 www.hassconsult.co.ke

ARK CONSULTANTS LTD No. 16 Nas Apartments, Milimani Road P.O. Box 42093, 00100 Tel: +254 20 2726870 www.arkconsultantsltd.com

KARENGATA PROPERTY MANAGERS Head office: No.47 Marula lane, Karen P.O BOX 1552, Karen. 00502,Nairobi. 0733613744 / 0735099932

PROFESSIONAL PROPERTY MANAGEMANT LETTING & SALES 0708 848481 0733 785698 160662 Nairobi Kenya

KENYA VALUERS AND ESTATE AGENTS LTD 3rd Floor, Museum Hill Centre, P.O. Box 48209, Nairobi Tel: +254 20 3745697/512 www.kenyavaluers.com

SEMA ESTATE AGENTS Springette Office park, Block H2, Lower Kabete Road. Tel 020 2017940 / 0725 545527 seamus@semaestateagents.com semaestateagents.com

CORAL PROPERTY INTERNATIONAL LTD +254 735 801077 info@coralpi.com www.coralpi.com

DUNHILL CONSULTING LTD Hevea Court, Block A3, No.15, Eldama Ravine Road, Westlands Tel: +254 786 386 445 www.dunhillconsulting.com

FINANCIAL AND PROPERTY CONSULTANTS LTD Arbor House, Arboretum Drive P.O.Box 14459-00800 Nairobi Tel: +254 722 524383 www.fapl.com

KNIGHT FRANK Lion place, Waiyaki way Tel +254 20 4239000 / 0733 603260 info@ke.knightfrank.com

PENTA KENYA LTD Tropical lane off Wood Avenue P.O Box 101493 00101, Nairobi Tel 0731471872 / 0711 615782 info@pentakenyaltd.co.ke

PROLAND REALTORS LTD 6th Floor, Maendeleo House, Monrovia Street P.O Box 29509-00100 Nairobi Tel: +254 720 353437 www.prolandrealtors.co.ke

COMING SOON RWANDA REAL ESTATE AGENCY DIRECTORY

HALIFAX ESTATE AGENCY LTD Crossway Road, Westlands Tel: 3741269/3740306 info@halifaxestate.com www.halifaxestate.com ENHANCE YOUR VISIBILTY & CREDIBILITY GET LISTED HERE WITH YOUR LOGO Kshs. 2,500/= Monthly / Kshs. 25,000/= Annually +255 784 23 89 62, +254 720 35 34 37 | sales@darproperty.netThe Darproperty - January 2016

|41 The Darproperty - August 2015 | 41

Publisher

PATRONS

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 Aloyce Mkude

Finance Administration Manager Erick Kessy Public Relation Officer Maria Urassa Accounts Executives Grey Mateni Faraji Senkoro Moreen Mrema Lucynacy John 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

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INDEX

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PATRON PAGE NO ATIK.......................................................................4 AVIC......................................................................5 AYUB....................................................................21 BERGER................................................................10 CES........................................................................31 CHOKOLE............................................................34 CRDB BANK............................................................3 DCB BANK............................................................17 FNB BANK.............................................................44 FOOD PLUS..........................................................39 IVORY TOWER.......................................................9 JAMII FORUMS...................................................43 KENYA VALUERS.................................................32 KESSY....................................................................35 LONGONOT GATE.............................................28 MARINA ...................................................1&22,23 MASUMIN.............................................................20 MINJA...................................................................12 MWANZA.............................................................30 OCEAN LINK..........................................................2 PROLAND.............................................................33 REEF..........................................................................8 REMAX.....................................................................1 SIMBA CEMENT......................................................1 SKYMARK.............................................................13 TANGANYIKA ESTATE AGENT.......................6&7 THE LUMINARY.....................................................11 UTT.........................................................................15 VITAFORM............................................................25

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 publisherâ&#x20AC;&#x2122;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.

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