The
June 2016
Featuring Properties from Tanzania & Kenya
www.darproperty.net
East Africa’s Ultimate Property Guide
FREE COPY
Issue No 49 | ISSN 1821-7753
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call us: +255 779 959 854
The Darproperty - June 2016 | 1 The Darproperty - August 2015 | 1
6
IMG
Arusha / Ngaramtoni 5 b/r $ 750 per month
IMG
Dar / Masaki 4 b/r $ 6,000 per month
IMG
Arusha / Karatu App. 8,5 acres / Eco Farm $ 150,000
IMG
Pangani / Sange App. 4,5 acres / Beach Front $ 110,000
- Check all our listings on www.tzagents.com
Arusha Anders Wehtje +255 785 984 467 anders.wehtje@tzagents.com
Tanga / Pangani Annabel Burdes +255 784 632 529 annabel.burdes@tzagents.com
Dar es Salaam Suzie Kantai +255 742 074 262 suzie.kantai@tzagents.com
8 | The Darproperty - June 2016
12 | The Darproperty - June 2016
IS THE REAL ESTATE MARKET IN KENYA IN FOR A STORM?
A
nn Muchiri of Rozana Properties looks forward to a busy year ahead after what she describes as a lacklustre performance of the real estate industry in 2015. Sporadic incidents of insecurity conspired to deny her some much-needed sales in the high-end segment where she operates. “A number of our units are in the high-end segment of the market that was greatly affected by last year’s terror incidents. This made a number of multinationals that we target slow down their uptake of such homes,” says Muchiri. For her and other developers, 2016 is a make-or-break year. With the drums of next year’s General-Election starting to sound, developers expect many would-be home owners and other investors to make vital decisions concerning real estate investment this year before the industry adopts a wait-and-see attitude for the better part of next year. But regardless of any jitters that may creep in, all projections have continued to paint a rosy picture of investing in the real estate sector in Kenya. This has not been a misplaced assurance as all the fundamentals
16 | The Darproperty - June 2016
pointed to an industry bubbling with great potential. Best option Indeed, Cytonn Investments 2016 Outlook Report released on Monday says that real estate is the best investment option this year despite fears that political fever may slightly slow it down. The report says that real estate investors will ride on the growing demand for residential and commercial developments in the country, thanks to urbanisation and growth of the middleclass In Kenya, the housing demand has always outstripped supply, especially in the lower segment of the market. Developers have over the years filled the gap in the middle to upper reaches of the sector that are seen to be more profitable. Nothing has been strong enough to burst the mythical bubble. According to Muchai Kunyiha, a developer with Mashiara Park Limited, the real estate industry in Kenya has generally shown resilience for a long period, absorbing a number of tremors that have come its way in recent times. “True, we expect a lot of political noise this year as we approach the General-Election next year. As we head deeper into that period, there may be a slowdown in mortgage uptake. However, real estate thrives on its long-term
nature as shown by its weathering the numerous storms in the past,” he says. However, despite the positive outlook by local industry players, economic downturns in America and China — the two leading world economies — could throw a spanner in the works. Undercurrents According to a report by global consultancy firm Knight Frank, the undercurrents within the Chinese and American economies threaten the growth of the property sector in developing nations that include Kenya for the next year and a half. The Prime Cities Forecast Report 2016 cites the slowdown in China as a catalyst for a slumped property market that previously benefited from China’s economic boom. “The scale of the slowdown in China and the speed of further United States interest rate rise will determine the performance of property markets and across developed and emerging markets alike over the next 12-18 months,” says the report
“A number of our units are in the high-end segment of the market that was greatly affected by last year’s terror incidents. This made a number of multinationals that we target slow down their uptake of such homes,” says Muchiri.
Global prices “The slump in global commodity prices owing to the situation in China can only mean that Kenya will see more Chinese goods dumped into the local market and in effect lowering the price of construction consumables and fixtures, most of which are sourced from the Asian economic powerhouse,” he says. On the other hand, while the recent rise in US base rates by the Federal Reserve will see a drop in housing sales volume and moderate price rises in America, the report says emerging markets will likely see a rise in the cost of funds. “The US housing market will see a slowdown in sales volumes and more moderate price growth as affordability concerns pinch. Emerging markets will see capital outflows increase and funding costs raised further while those countries whose currency With regard to China, the report says that a “hard-landing for is pegged on the US dollar will see a reduction in foreign China’s economy would lead to a slump in global commodity prices while a prolonged slowdown in growth would mean those property demand,” says the Knight Frank report. While the US rates move may affect diaspora remittances to the country, emerging markets that have benefited from the Chinese-driven analysts say the repercussions are not so serious for an economy boom in commodity prices, Africa included, would see a knockthat largely came out unscathed during the 2007/2008 on impact” economic recession in America. Like the developers, financial analyst Aly-Khan Satchu says the move should not cause local Local developers and financial analysts have been quick to developers and potential buyers sleepless nights. “The interest state that China’s economic downturn may not have noticeable rate increases in the US are expected to be gradual. I am of effects able to scuttle any gains in the real estate sector in Kenya. Kunyiha, who also chairs the Kenya Property Developers the view that we will not witness the intense rate volatility we encountered in October and November last year,” he says. Association, says we should not be so fixated with the ‘Chinese effect’ as Kenya’s real estate industry is not overly reliant on the Currently, Kenya’s interest rates, ranging between 14 and Asian giant for capital inflows. “This may affect the big Chinese 27 per cent, are among the highest on the continent and any companies doing business in Kenya. It is unlikely to hurt our real external financial upheavals are bound to have a negative effect on the housing sector. With the local built industry estate industry that has few foreign investors. As a matter of shrugging off any possible jitters, time will tell how much more fact, much of the financing for local housing projects is sourced load it can bear before any cracks start emerging. locally,” says Kunyiha. He says there would be more cause to worry, say, if the United Nations office in Nairobi closed shop “since it has been a common denominator in pricing housing units By Peter Muiruri in a significant section of the city.” Kunyiha says the Chinese economic slowdown may actually be a blessing in disguise for the local construction sector.
The Darproperty - June 2016 | 17 The Darproperty - August 2015 | 17
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RISE AND FALL OF THE ARUSHA SKYSCRAPERS
T
here was a time when getting an office in Arusha proved quite a tricky and challenging task to an extent that the exercise could have easily been included in the Olympic Games. But that was a back during the turn of the new second millennium, circa 1999 all the way to 2005 when a number of international organizations decided Arusha was a nice place to operate from, thus moved their bases there. One if such establishments was the United Nations International Criminal Tribunal for Rwanda (UN-ICTR) which was set up there in 1995 to try and convict the 1994 genocide suspect from Kigali. This court set up flexed its muscles four years later in 1999 when it demanded to expand and occupy two out of three buildings at the Arusha International Conference Centre (AICC) complex. The move blessed by the government kicked out more than 300 office tenants that used to operate from the AICC. With limited number of structures in town, many of these used all methods possible to find a place to at least place a desk, chair and fixed telephone
24 | The Darproperty - June 2016
line (Cellular phones were yet to make penetration then). Somehow also Tanzania together with its two neighbors: Kenya and Uganda decided to revive their 1970s inspired , East African Community (EAC) in 1999 and this new body of suit-clad bureaucrats soon started claiming office space and once more the remaining wing at the AICC was taken, forcing more tenant to be ousted. Heavy security personnel, complete with X-ray scanners, infrared machinery and dogs, were stationed at the entrance to the AICC building to ensure that whoever was thrown out never returned to the complex for any visit, without a very good and believable excuse. With so many firms, individuals, organizations and what-haveyou, out in the streets without offices, suddenly residential premises were partitioned to accommodate a desk or two; fire escape alleys and spaces between buildings in town were also filled up with concrete blocks to provide ‘room` for work. There was a brief
period in which any person who owned four walls joined together with mortar in Arusha was transformed to become either a scary landlord or menacing landlady. As demand for office, residential and other buildings continued to rise, real estate developers saw a chance to strike it rich by setting up large buildings around the town and its suburbs, some were built to the right specifications, others were just a pile of bricks and meta and soon Arusha become an eyesore of caked cement towers. Soon, the town was filled with buildings that offered residential and office spaces. Large corporates like thee Tanzania National Parks (TANAPA), big tour companies like Rangers safaris, Leopard Tours and others decided to build their own headquarters and bases, before long, the demand for offices plummeted. Even better or worse, the former landline telephones were rapidly replaced by mobile cells, desk computers became irrelevant as laptops and tablets filled
the digital vacuum backed with advanced call and data services from the equally increasing number of service providers. It also became apparent that all one needs is a laptop computer, data enabled smartphine and an email account to be a mobile office, free from room and desk tethering. But the worst or (best) was yet to come; the UN-ICTR that sent people out to hunt for offices called it quits in December 2015 and vacated both the AICC and Arusha City. The bureaucrats at the EAC. Which since expanded to include three more member states, Rwanda, Burundi and South Sudan also discovered a way to convince donors to help them build their own headquarters which they did and likewise the dark suits followed suit in vacating from the AICC buildings.
Earlier last month the country`s two leading pension schemes; the parastatal Pensions Fund (PPF) and the National Social Security Fund (NSSF) invited Preside Joh Pombe Magufuli to jointly inaugurate their two commercial and office blocks namely the PPF Plaza and Mafao House respectively. The 13 stored buildings located just a stone throw away from each other, along Nelson Mandela road in ‘Uzunguni’ area, may look beautiful from outside but the head of state, prior to cutting the ribbon for both structures, warned the residents of Arusha ‘not to be fooled by the gloss, because the projects were a dross.’ As it seems, the combined tenancy rate for both complexes remains far below 40% and dropping. Offices are no longer what the Arusha residents want at the moment. Skycrapper, unless the city plans to join an
Olympic race for high rise buildings, will however continue to be white elephant projects in town, years from now. “You were better off investing in productive industries such as factories that can employ people, instead of eye candy buildings that few people can afford to rent spaces within,” stated President John Pombe Magufuli before adding the chilling oneliner; “message sent and delivered!” signaling the end of skyscrapers` story for Arusha city. Written by: Marc Nkwame. Arusha.
The Darproperty - June 2016 | 25 The Darproperty - August 2015 | 25
REAL ESTATE The ABCs of REAL ESTATE MARKET Royalty: Money paid to a property owner for extraction of some valuable resource from the land. Example: Richman owns a 500- acre ranch in west Texas. An oil company negotiates a mineral lease with Richman to explore for oil on the ranch. Under the agreement, Richman will receive a royalty based on the price of oil and number of barrels of oil pumped from the ranch. Facilities Management: The Process of operating corporate or government owned property occupied and used for the corporation`s or government`s own purposes. Example: The purpose of the facilities management department of the university was to maintain proper operations of its buildings. The department hired painters, plumbers, and janitorial service people as required. False Advertising: Describing property in a misleading fashion. Example: Representing a property as not being in a floodplain when in fact, it is Stating, without caveat, that a property will appreciate in value Denying structural flaws that are known to exist. Capitalization: In finance, a process whereby anticipated future income is converted to one lump sum capital value. A capitalization rate is divided into the expected periodic income to derive a capital value for the expected income. Sum of interest and recapture rate. Example: A property is expected to produce an annual income of $10,000. It is judged to have a value of $80,000, which represents capitalization of the $10,000 per year, the property`s value was reduced by $6,000 due to the capitalization process. Utility easement: Use of another`s property for the purposes of laying gas, electric, water, and sewer lines. Example: A property owner grants a utility easement to the electric power company to extend power lines to the owner`s home. Vacancy and collection allowance: An estimated amount to be deducted from the potential gross income when preparing a budget. The vacancy rate budgeted may be the rate being experienced or forecasted for the market for the coming year, or a higher or lower amount depending on tenant loyalty, rent concessions, or management quality. Example: In a college town, the apartment vacancy and collection allowance expected was a blend of 5% during the 9 month regular college term and 25% during the summer session. Overall, it was 10%. year, the last year`s rent was redeemable rent; it could be applied in full to the purchase price.
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4 Steps To Attaining A Mortgage
f you’re serious about buying a home, cleaning up your credit should be the first item on your agenda. After going through your credit report, identifying, paying off and closing most of your credit cards, your next step is to shop for a mortgage. In this article, we’ll go over the preliminary steps of getting pre-qualified and/or pre-approved for a mortgage, and then we examine the different types of lenders. Pre-Qualification To pre-qualify for a mortgage, you meet with a lender and provide information about your assets, income and liabilities. Based on that information, the lender will roughly estimate how much money you can borrow. The entire process is informal. The lender does not verify the information provided, nor charge
you a fee, and he does not formally agree to approve a mortgage for the amount you are pre-qualified to borrow. While the pre-qualification process does not guarantee loan approval, it does give a general idea about how much money lenders are willing to provide you. This gives you a number to work with, helping you decide whether you are willing and ready to borrow that much money, and to see which types of properties fall within your price range. Pre-Approval The pre-approval process is more formal than the pre-qualification process. With pre-approval, the lender checks your credit, verifies your financial and employment information and confirms your ability to
qualify for a mortgage. Pre-approval strengthens your position to make an offer when you find a property that you like sellers are generally more willing to accept offers from pre-approved buyers, who have already shown that they can actually afford to purchase the house. Choosing a Lender Mortgage brokers and banks are all popular sources for mortgages. While no single source offers the perfect solution for every shopper, knowing the pros and cons of each type of lender will help you choose the one that’s right for you. Mortgage brokers are responsible for helping more borrowers obtain loans than any other source. They have access to a
Mortgage brokers are responsible for helping more borrowers obtain loans than any other source.
32 | The Darproperty - June 2016
large number of mortgage providers and shop the marketplace on behalf of their clients. Mortgage brokers can be particularly valuable if you have damaged credit or are in the market for an unusual type of loan. Of course, mortgage brokers don’t work for free, and their fees can sometimes be excessive. Be sure to look before you leap. The time you spend comparison shopping could save you hundreds of dollars in commissions and document-processing fees. Banks are a traditional source of mortgage funding. If your local bank offers a good interest rate and attractive terms, there’s no reason not to take the loan. If they don’t, there are plenty of other banks in town. The primary drawbacks to working with banks is that each bank generally offers only a limited number of mortgage programs, and banks are not usually flexible when it comes to negotiating fees. Real-estate agents often play a major role
in introducing their clients to lenders. Since real-estate agents make their living selling houses, they naturally have good contacts in the mortgage industry, serving as a major convenience for their clients. Instead of spending time shopping for loans, many homebuyers are pleased to work with a lender their real-estate agent recommends. Like working with a bank, working with a lender recommended by a real-estate agent may offer limited choice of vendors as well as higher costs. Online Loans Shopping online has become an increasingly popular method of gathering information and obtaining loans. It’s quick, convenient and enables you to contact multiple vendors simultaneously. You don’t have to leave home, and you can shop anytime, day or night. Even if you ultimately get your mortgage from a bricks-and-mortar establishment, the data
gathered from online vendors will provide a wealth of information for comparing loans and negotiating terms. The Bottom Line When shopping for a mortgage, there are a variety of loans, vendors and methods of shopping. The best way for each homebuyer to approach the process is largely a matter of personal preference. Some homebuyers are looking for the lowest-priced program, while others prefer the most convenient. Personal relationships and specific loan requirements also play a role. While there is no right or wrong method, a little advanced planning and careful shopping will be well worth the effort. By James E. McWhinney
The Darproperty - June 2016 | 33 The Darproperty - August 2015 | 33
LIST YOUR PROPERTY HERE FOR ONLY TSHS 30,000/= VAT EXCL.
CLASSIFIEDS
RENT $21
TEG ETA , KW AN DEV U
RENT $700
House for Rent Mikocheni B near Academic primary school 3 bedrooms, 2 bathrooms, enough parking, +255 762 210 893 / +255 713 301 172
SALE Tshs 340m
House for sale. The house is 500 meters behind Shamo park at Goigi Bagamoyo road Clean title, 900 sqm, 0715 686 051
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SALE
Plot for sale at magomeni usalama Also available for rent at Negotiable Price, We accept your Offer 0712 619 601
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SALE TSHS 800m Big compound with big go-down capable of up to 20 containers, 3 phase electricity, DAWASCO connection, 2 bedroom house fully kitchen, dinning room and 4 bedroom servant quarter 0688 210 891/ 0758 210 891
SALE TZS. 23,000 @SQM On the way to Ndoto Polepole farm, beautiful serene 30 by 30 square meter plots, 3 plots available for sale +255 786 011 755 or 763 011 755
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Office space to Let Morogoro and Bibi titi Road. 0789 865 933 / 0788 44 04 66
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3 Bedroom house Sinza kwa Remmy near The Place Fast Food Restaurant 288 SQM (NEGOTIABLE) +255 767 422 258
RENT
Plot for rent Tanga Well fenced more than 30 acres plot at kasela. 0754 324064 0754 529 829
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IJI
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Office space to let on united nation road, ideal location and quite area with free parking. 20.5 USD per sqm inclusive of service charge 0763 382 231
MB EZI
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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
House for Sale at Tegeta kwa ndevu with 3 houses. Price is Negotiable 0624 116 018/ 0758 266 860
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,
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SALE $177,000.
ON REQUEST
Bagamoyo Town near by Millenium Hotel and College of Arts, 250 meters from Bagamoyo Bus Stand, 0624 116 018/ 0758 266 860
BEA CH
SALE TSH 31,000/=@ SQM
BA GA MO YO
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BA GA MO YO TOW N
simply call 0767 200 202 classifieds@darproperty.net
SALE
Flat for sale at kariakoo, Agrey street. Ideal for office at Negotiable Price 0767 324 415/ 0767 999 512 / 0713 324 415
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 I ON
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K IG
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MA SAK
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AN I
KA RIA KO O
simply call 0767 200 202 classifieds@darproperty.net
NO PHOTO
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 MIK OC HEN
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House for sale at Masaki peninsular with the 1500 sqm plot size. Price Negotiable 0763 382 231
KIN
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SALE
FOR SALE TZS 150M Apartment for sale in Kariakoo - Tandamti St, 3 Bedrooms, 2 bathrooms. +255 715 71 07 07
Joint venture
Plot for joint venture at msasani kimweri street 0712 86 39 51
NO PHOTO
RENT $1500
Villas in Mikocheni Area, 5 mins drive to Kairuki Hospital, Shoppers Plaza & Milenium Towers. +255 715 180 872 | +255 784 691 414
SALE 18 acres property for sale at masaki peninsular ideal for investment project. Negotiable Price 0763 382 231
MW
RENT $900 House to let opposite Mlimani City (100 meters from UDSM road). 3 bedrooms, 24 Hr Security, electric fence, garden parking, servant quarters +255 713 690 220
ETA
SALE TSH 45m
SALE TSH 40m Plot for sale at Kibada, 765sqm Block 15 near main road with the title deed 0713 803 069
Tegeta Mivumoni, 1600sqm Plot for sale at Tegeta, Mivumoni. no title deed 0713 803 069
RENT $ 1000/ SALE $ 80,000
BO
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RENT $800 3 bedroom house, 1 self-contained Large compound Parking space Furniture negotiable High ceilings Private garden +255 754 781 240
SALE TSHS 30,000/@sqm For Residential Houses - 20 by 30 square meter plots 3 plots available for sale +255 786 011 755 / 763 011 755
RENT $750 5 bedroom house for rent at Ungindoni Kigamboni with large compound, servant quarter and garage 0685 215 737
ER ENT YC
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I
UN
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KAW ET
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TEG
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E ENG
ETA TEG
SALE TSHS 120m
Plot size 1985 SQM +255 766 888 333 +255 716 444 888 +255 766 100 100
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 Sea Cliff Village (next to Sea Cliff Hotel) Plot 532, Toure Drive +255 742 074 262 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
+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
40 The DarProperty August 2014
ARUSHA +255 653 005 530, MWANZA +255 653 005 535, INFO@TZREALESTATE.CO.TZ TZREALESTATE.CO.TZ
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
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MWANZA MWANZAESTATE Mwanzaestate.com +255 714 245 779 kisolimorris@hotmail.com
ZANZIBAR 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
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The Darproperty - June 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
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For Comments, Complains & Compliments pr@darproperty.net Country Director - Kenya Xavier Nanchengwa
ADVERTISERS
INDEX
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PATRON PAGE NO ADAMAS..........................................................................3 AZIZ.....................................................................22 & 26 BOA..................................................................................1 CES.................................................................................27 CHOKOLE.....................................................................29 CRDB.................................................................................5 CURTAIN WORLD .......................................................22 DAR CERAMICA CENTER...............................................4 DCB BANK.....................................................................23 EAST AFRICAN SOLAR CONSULT............................36 HANSON SECURITY DOORS.......................................2 HOME POINT................................................................44 HOTEL SAPHIRE............................................................36 IVORY TOWER................................................................9 KINGS FURNITURES.....................................................15 MARINA TOWER..................................................18&19 MASUMIN........................................................................8 MIYOMBO FURNITURES.............................................21 NEVADA PROPERTIES....................................1 & 10,11 OCEAN LINK................................................................39 REEF APARTMENT............................................................6 RELIABLE ESTATE AGENTS..........................................30 REMAX.............................................................................1 ROKA PROPERTIES.......................................................31 SHANGHAI MTSUBISHI ELEVATORS.........................12 SIMBA CEMENT...............................................................1 TANGANYIKA REAL ESTATE.........................................7 TWIGA CEMENT.............................................................1 VITA FOAM...................................................................14 WINTECH......................................................................43
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