The
November 2017
Featuring Properties from Tanzania & Kenya
www.darproperty.net
East Africa’s Ultimate Property Guide
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Issue No 59 | ISSN 1821-7753
The Darproperty - November 2017 | 1 The Darproperty - August 2015 | 1
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8 | The Darproperty - November 2017
Dar es Salaam -Property market loses steam over cash woes
T
he real estate market has lost steam as financial woes are biting. As a result, developers are struggling to sell houses. Due to the cash crunch, it appears that the supply of houses exceeds demand. Pangani Real Estate Group officials criticise developers for poor handling of housing projects, but Avic Coast Land Development Ltd experts believe the government’s costcutting measures have reduced people’s incomes. President John Magufuli banned all but essential foreign travels by public servants after he was sworn in 2015 to ensure discipline in government spending. “We feel the pinch of the financial crunch,” Avic Coast Land Development marketing supervisor Mao Hongjun noted. The situation has reduced the demand for houses, impacting negatively on Avic projects. House prices range from $130,000 (Sh286 million at the prevailing exchange rate) to $550,000 (Sh1.2 billion). “We have been forced to reduce the rate of house construction to keep pace with the low demand,” noted Mr Hongjun.Avic has been undertaking a project on 583 acres at Somangila in Dar es Salaam. Already135 houses have been built on 44 acres. The first phase of the project is expected to be completed this year. During the first phase, the targeted customers are well-heeled people, according to him.
12 | The Darproperty - November 2017
In the next phase slated for next year, Avic will build houses for people of walks of life. Mr Hongjun hopes the real estate market will rebound. However, he cited high interest rate on mortgage as a challenge in the real estate market. Pangani Real Estate Group managing director Heri Bomani said net housing demand growth was low last year, causing the market occupancy to fall to 63 per cent, down from 74 per cent in 2013. He said apart from illiquidity, poor developer strategy exacerbated the situation last year. “The challenge with the real estate sector in Tanzania is that investors have often commissioned projects without feasibility studies,” he noted. The trend was also caused by limited or no property development experience and cutting out the use of professional vendors to assist with the risking projects such as independent leasing companies. “As supply has outstripped demand in certain sectors such as commercial property, this has led to reducing occupancy across a variety of projects and clusters,” he said. demand had been growing at a lower rate than supply. During the period under review, the real estate market continued to witness strong supply, with several new malls, including City Mall, Mkuki Place and Rock City Mall in Mwanza completed. Also some residential developments and commercial buildings such as Jangid Plaza
and PSPF Twin Towers both here in Dar es Salaam were also completed during the period. The supply was driven by both the private and public sectors. Mr Bomani believes the future is bright as the government is relocating its seat to Dodoma and oil and gas projects will be carried out. He hopes the shifting of the government seat to Dodoma will decongest Dar es Salaam. Moreover, new projects such as the airport and the Tazara flyover will ease movement in Dar es Salaam. Once oil and gas projects start, the city should be very well placed to absorb the resultant spike in demand. “Without the oil and gas story, Dar will need to position itself differently…probably as an alternate business hub to Nairobi and or as transit and tourism gateway to create demand,” he said.
“Without the oil and gas story, Dar will need to position itself differently probably as an alternate business hub to Nairobi and or as transit and tourism gateway to create demand,” Written. By Alex Malanga @ChiefMalanga amalanga@tz.nationmedia.com
16 | The Darproperty - November 2017
MASAKI, WE’RE BACK!
Our BIGGER and better Chole Road branch is now open
0754 765 508 | info@nabaki.com
Things you shouldn’t Do During a recession.
I
n
a
sluggish
economy
or
individual taking the loan doesn’t make
cosign for a family member or close friend
outright recession it›s best to watch
the scheduled payments, the cosigner could
regardless of what’s happening in the
your spending and not take undue
be asked to make them instead. During an
economy. In such cases, it pays to have some
risks that could put your financial goals in
economic downturn, the risks associated
money set aside as a cushion.
jeopardy. Below are some of the financial
with cosigning a note are even greater,
risks everyone should avoid taking during a
since the person taking out the loan has a
Taking on Debt
recession.
higher chance of losing their job – not to
Becoming a cosigner
mention the cosigner’s own elevated risk of
Cosigning a loan can be a very risky thing
ending up unemployed.
to do even in flush economic times: if the
That said, you may find it necessary to
18 | The Darproperty - November 2017
Taking on new debt – such as a car loan, home loan or student debt – need not be a problem in good times, when you can make enough money to cover monthly payments and still save for retirement. But when the
economy takes a turn for the worse, risks increase, including the risk that you will be laid off. If that happens, you may have to take a job – or jobs – that pay less than your previous salary, which could eat into your savings. In short, if you’re considering adding debt to your financial equation, understand that this could complicate your financial situation if you are laid off or have your income cut for some reason. Taking on new debt in a recessionary environment is risky, and should be approached with caution. In the worst-case scenario, it could even
Continues On Page No 22
The Darproperty - November 2017 | 19 The Darproperty - August 2015 | 19
20 | The Darproperty - November 2017
mikocheni b
contribute to bankruptcy.
Taking Risks With Investments
during an economic slowdown, but you
Taking Your Job for Granted
This tip applies to business owners. While
should pay extra attention to spending and
During an economic slowdown, it’s important
you should always be thinking about the
budgeting, and be wary of taking any un-
future and investing to grow your businesses,
necessary risks.
to understand that even large corporations can come under financial pressure, leading
an economic slowdown may not be the best
them to reduce expenses any way they can.
time to make risky bets.
That could mean scaling back the holiday
For example, taking on a new loan to add
party, cutting the dividend, or shedding jobs.
physical floor space or to increase inventory
Because jobs become so vulnerable during a
may sound appealing – particularly since
recession, employees should do all they can to make sure their employer has a favorable opinion of them. Coming to work early, staying late and doing top-notch work at all
interest rates are likely to be low during a recession. But if business slows down – another side effect of recessions – you may not have enough left over at the end of the
times are no guarantee that your job will be
month to pay interest and principal on time.
safe, but doing those things does increase
The Bottom Line
your chances of staying on the payroll.
There’s no need to live a monk’s existence
It’s important to understand that even large corporations can come under financial pressure, leading them to reduce expenses any way they can. Written by: Glenn Curtis
22 | The Darproperty - November 2017
Darproperty Forum October 2017 at HYATT REGENCY
1.Mr. Parvez one of the panelists during the recently held Darproperty Real estate Forum. Following up on the forum. Mr. Qasim Meghjee making his presentation during the forum. 3. A special presenter from Dubai making his presentation. 4. A participant making her comment during the forum. 5.Mr. Heri Bomani, making a comment during the presentation. 6. From the right. Mr. Michael Francis handling a cerificate of appreciation to one of the panelists, Mr. Morris Okoth.
7. Part of the participants keenly following the event. 8.From left, Mr. Henry Loo, Arnaifa Abbas and Vijay, sharing a moment during the event. 8. From left Madam Pili and Morris Okoth following up during the event. 9.Part of the participants sharing a light moment during the event. 10.Part of the participants sharing a light moment during the event.
Darproperty Forum October 2017 at HYATT REGENCY
1.Some of the participants enjoying drinks and a chat during the cocktail event. 2. Some of the participants enjoying drinks and a chat during the cocktail event. 3.Some of the participants enjoying drinks and a chat during.net the cocktail event. 4.Some of the participants enjoying drinks and a chat during the cocktail event. 5. Mr. Henry Loo and Ms Mariam Meghjee having a light moment during the cocktail. 6. Some of the participants enjoying drinks and a chat during the cocktail event. 7.Some of the participants enjoying drinks and a chat during the cocktail event. 8.Some of the participants enjoying drinks and a chat during the cocktail event. 9.Some of the participants enjoying drinks and a chat during the cocktail event. 10.Some of the participants enjoying drinks and a chat during the cocktail event.
Next event is Schedule take place on the 30th March 2018 Topic: How to revolutionize the local mortgage market make housing more affordable and accessible to the masses. Bookings are open: 0784 238 962 0713 751 868 | info@darproperty.net
Kenya- The gloomy future of real estate market.
T
he latest House Price Index published by the Kenya Bankers Association for the second quarter of 2016 is a reason to be sceptical about investing in real estate and the future of the property market in Kenya. The 1.74 per cent increase of the HPI for the second quarter of 2016 compared to the 1.4 per cent rise during the first quarter reflected an uptick in house price, with the movement representing a not very promising future for the sector. Â The property market performance of the first half of 2016 follows three years of very mild price changes. The demand and supply market dynamics have not been subject to significant changes over the period. The supply has been in response to the broad demand characteristics in the market. The new units being put up are mainly targeting
26 | The Darproperty - November 2017
the middle-end of the market, with the lowerend experiencing supply constraints arising mainly from the tendency of developers inclining more towards renting than selling. Nairobi is the first area to feel the heat of the market. Investors in several neighbourhoods in the capital are feeling pressure from a slump in property prices and rentals as an obvious excess supply is creating new market conditions. With prices remaining stagnant in some areas and other areas like Kilimani producing negative results as selling prices have dropped by more than five per cent since last June, the property market dynamics are challenged. Mombasa on the other hand has been hammered from the drop in the tourism industry over the few last years. That directly affected the real estate sector. Over the last few months, developers and market makers are focusing on projects around Nairobi where several satellite cities have been producing good returns after the
Nairobi market stopped being a lucrative option. Unfortunately, the reality of the market is affecting these areas too. A good example is Mlolongo — the satellite town on Mombasa Road, which, according to available data and reports, has seen prices falling during 2016. People seem not to understand what is going wrong. Everybody keeps saying that there is a huge deficit of houses. There is a need of 250,000 houses annually when only 50,000 are built. So, when supply does not meet demand then prices should keep going up!  The rule of supply and demand has been used inappropriately in Kenya. The truth is that there is a very big demand for housing. Maybe even more than the 250,000 houses per year.
Continues On Page No 30
real esTaTe The aBcs of real esTaTe markeT equity Building up the gradual increase in a mortgagor’s EQUITY in a property caused by AMORTIZATION of loan principal. example: Echols bought a home for $50,000 cash plus a mortgage loan of $250,000, the total cost being $300,000. After 5 years, Echols had amortized the outstanding principal of the loan down to $210,000. Assuming the home was still worth at least $300,000, Echols now has an additional $40,000 in equity because of equity building through mortgage reduction. Declining Balance Depreciation a method of DEPRECIATION, often used for income tax purpose, whereby a rate is applied to the remaining balance to derive the depreciation deduction. Compare with ACCELETARED DEPRECIATION. Interim financing a loan, including a Construction loan, used when the property owner is unable or unwilling to arrange permanent financial. Generally arranged for less than 3 years, used to gain time for financial or market conditions to improve. example: Monroe developed an office building but, in the expectation of falling ITEREST RATES, does not wish to use permanent financing at this time. He arranges a 2- years interim loan, during which time he seeks favorable permanent financing. Panic selling widespread urgent dumping of property on the market in anticipation of a drastic reduction in property value. Most often the impetus of such selling is a perceived detrimental change in neighborhood conditions. example: When a registered sex offender moved into the neighborhood, an initial wave of panic selling lowered home prices by 25%. Partially amortized loan one that requires some payments towards PRINCI PAL but does not fully retire the DEBT, thereby requiring a BALLOON PAYMENT. example: A 30 – years AMORTIZATION SCHUDULE is provided for loan that balloons in 10 years. Originally $100,000 of principal at 8% interest, this partially amortized loan balance will be reduced to $87,724 when it matures in 10 years.
32 | The Darproperty - November 2017
The Darproperty - November 2017 | 33 The Darproperty - August 2015 | 33
THE REALITY The reality is that the majority of houses that have been developed in Kenya over the last couple of years are not affordable to a majority of people. Market speculators using this “imaginary” deficit of housing have been creating a possible non-existent demand, pushing initially the land prices up and then the property market. The problem is that when the prices do not represent the real market values, then the possibility of a market downturn is very strong. Depending on the market dynamics, that could be translated to a price collapse. On the other hand, the mortgage market in Kenya is extremely small. Basically, banks tried to stay out of the property market as much as possible. A little over 20,000 are the total active mortgages countrywide. According to available reports currently, a prime residential house in Nairobi’s upmarket estates goes for a minimum of Sh250,000, while stand-alone houses and town-houses attract Sh300,000. The 34 | The Darproperty - November 2017
fall in rental prices has been attributed to rising supply and falling demand for these properties. In several areas, more buildings are coming up and supply is overcoming demand. Projects that have been completed almost two years ago remain vacant. In areas like Kilimani, one can see the number of signs advertising properties to let increasing day after day. High-end areas have been mainly targeting expatriates working for foreign companies and NGO’s. The fact that there are rumours that the country is pressuring thousands of expatriate NGO workers and volunteers to go home is another reason to worry about. Who is going to rent the thousands of properties around Nairobi that are not affordable for a majority of the Kenyan population? The next question is if these properties cannot be rented, who is going to pay for the losses? So, what is an investor supposed to do to avoid further losses, minimise the risk and do some damage control? Well, markets
fluctuate. Every investor has to follow the trends, cannot remain stagnant and inflexible. Property transactions are still happening all over the country. The secret to be part of those who are active and signing deals is to realise that if your expectations are too high for this period, you should reconsider your position and adjust. The sooner you get a tenant for your vacant property, the less the damage from a non-producing investment. The property sector is facing challenges, but there is no reason to panic. Stay up to date, follow the market and be patient.
The reality is that the majority of houses that have been developed in Kenya over the last couple of years are not affordable to a majority of people.
LIST YOUR PROPERTY HERE FOR ONLY TSHS 50,000/= VAT EXCL.
CLASSIFIEDS MIK OC HEN
I
BA GA M NI GA KIN
FOR SALE
FOR RENT $1,200
The Mikocheni House is Located at Plot No. 350 BLOCK HOUSE No. MCK/MCB,783 the House is fit for both residential & offices. Includes: 160.0 Sqm, 2 Room, 3 Bathroooms, Parking +255 713 882 669
FOR SALE 3 Billion TZS
AAM SAL ES A, D AR AR
FOR RENT $ 376,000
FOR RENT
SALE 18 acres property for sale at masaki peninsular ideal for investment project. Negotiable Price 0763 382 231
Office, Shops, Frame, Restaurants Ubungo -Riverside/Makoka stand/Mchichani Frame: Tshs.300,000-400,000 +255 713 245 806
School For Sale, Kimara, Dar Es Salaam 24 Hr Security, Electric Fence,Garden 0712 196341
KIN
SALE 115m Near Flamingo garden, 1145 sqare meter near tarmac road price negotiable. 0718 405 001 / 0692 698 616
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
KO BO
PD KAW ET
TEG E
TA
UK ON G
FG
A
RO UN D
S
RENT $850 Fully Furnished 3 Bedrooms house for rent at Tegeta Namanga about 400 meters from Kibo Complex with Paved Parking and Fitted Spanish Kitchen with Utensils. 0754 612 969/ 0788 612 969
TEG
TEG
YER
ETA
EZI
KIB AD A
"BL
ETA
OC
KC
Beach Plot 0.97 acre available for sale at Mbwa Maji Beach - Gezaulole15km from cm Kigamboni Ferry +255 713 760035
For Rent 1,000 USD
Mikocheni B opposite clouds fm 560.0 (Sqm), 3 Rooms , 2 Bathrooms ,Parking 0754321712
Located at kingani Bagamoyo Block B Plot number 15 and 17 0713238111
KIM
MS MLAS ANANI DIZ I
MA SAK I
FOR RENT $1,000 Located at Mikocheni B (kwa Osama). The house has 4 rooms, both rooms are masters, 1 master bedroom with kids lounge, Kitchen, Parking,Garage & Garden. The rent is negotiabl +255 713 882 669
RIV ERS IDE -U BU NG O
MIK OC HEN I
MIK OC HEN
I
B
OYO
simply call 0767 200 202 classifieds@darproperty.net
SALE
House for Sale in Tegeta Area
SALE 115,000,000 TZS
The Tegeta House Has 2 upstairs Bedroom, 1 Bedroom Ground floor, 1 public toilet in dour,Big Space for C ar Park, Garden & Servant Quarter Negotiable 0713882669
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
MB
KO NG O MA
KIG AM BO NI
MB
EZI
EZI
-M
BEA
ALA
CH
MB AM
AW IL
I
Full water supplu,Luku free space located in good street (Planned),It has residential license. Not fall away from main road +255 717 731191
Price Negotiable Plot For Sale, Mbezi, Dar Es Salaam Mbezi Malambamawili, 1,015 (Sqm) Call: 0714855243
36 | The Darproperty - November 2017
RENT $ 600
Semi-finished, 2 bedroom apartments in Mbezi behind shamo tower Call: 0658696840
RENT $750 5 bedroom house for rent at Ungindoni Kigamboni with large compound, servant quarter and garage 0685 215 737
FOR SALE 1,100,000 USD It has a house 4 rooms 800sqm from mliman city 4 00sqm from udsm 300sqm front mail road tittle deed available
0754282460
LIST YOUR PROPERTY HERE FOR ONLY TSHS 50,000/= VAT EXCL.
CLASSIFIEDS
NI IGA MB O
SALE 30,000,000 TZS
Beach plot for sale near Millennium Hotel 100 meters from the ocean with government offer of 35 years 0754 310 137 / 0713 451 395
lala
Kibada Kigamboni Block 26 Plot 222 631.0 Sqm 0713238111
ni I
ND ON I KIN O
UPA NG A,
KIG MLAM ANBON DIZ I I
SALE TSH 55m
For Rent - 600,000 TZS
RENT $21
SALE 10,000,000 TZS
Apartment , Kinondoni, Dar Es Salaam 280.0 (Sqm), 2 Rooms, 1 Bathrooms 0716 145 025
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
Buyuni ilala block 27 Plot number 103 0713238111
Plot for sale in Masaki Off-Mwaya road Price: USD 1.5m negotiable Plot size: 1,777sq.m Call: 0658696840
RENT $22
RENT $5000
790 sqm to let, ideal for super maket, bank,clinic. 22 USD per sqm inclusive of service charge 0763 382 231
MP
AM
RENT $400
Fully furnished apartments for rent in Goba, Studio (usd 400) one bedroom (Usd 500), 2 bedroom (usd 1000) Call: 0658696840
FOR SALE $ 4m
100 acres located at Bagamoyo town in Sanzale area, ideal for residential and commercial houses at very potential area 0754 310 137 / 0713 451 395
RENT
Plot for rent Tanga Well fenced more than 30 acres plot at kasela. 0754 324064 0754 529 829
RENT 15,000/= T.sh
Plot For Sale Plot No. 245 Block 14sqm 1231 and Plot no 246 Block 14sqm at Kigamboni Mwongozo area, Near the Ocean. 2 Plots Available in one area,
0712 459 065, 0783 104 693
RENT 1,000 USD Apartment for rent ,3bedrooms,sitting room dinning and kitchen located at Mikocheni B 0716 145 025
ON AM B KIG
MIK OC
KIG
TAN
AM
GA
BO
HEN
NI
I
I
Beautiful 5 bedroom house for rent with Swimming pool, generator and large car parking space 0716 998 864
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
BA G
GO
MA
ILA
LA
SAK
I
BA ,M
BEZ
I
House for sale Peninsular with the 2000 sqm plot size. Ready to move in house. Price Negotiable 0763 382 231
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
OD YO
SALE $ 1.5m SALE
IJI
EZI MB
MA
MA
SAK
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BEA
CH
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
KIB AD A-K
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
Bu yu
FOR SALE 0R RENT
Located in Segerea Tabata +255 742 145 314
BA GA MO YO
SEG
ERE A
-T AB ATA
BA GA MO YO TOW N
simply call 0767 200 202 classifieds@darproperty.net
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BUY
SELL
RENT
MORTGAGE
4 bedrooms Fully furnished Area: Bugando
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2 bedrooms 3 bedrooms Furnished/partial Furnished Area: Capri point Area:Capripoint
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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 AUSTIN PROPERTIES LIMITED Mwai kibaki rd P.O. Box 19021 DSM +255 715 686 051 anoranthony84@gmail.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
GIMCO ESTATE AGENCY LTD Samora Ave, NIC Investment Hse, P.O BOX 8382 Dar es salaam Tel +255 22 2120988 Mob +255-784 900041
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
40 The DarProperty August 2014
MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710 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 PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.com. PROPERTY CONSULTANCY & SERVICES LTD 2nd Floor Kevin House - Samora Avenue P.O BOX.7152 - Dar Es Salaam +255 22 2120402, +255 713 690 220 info@pcsltd.co.tz www.pcsltd.co.tz 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
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
ARUSHA
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
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 Zanzibar - properties.com Tel: +255 774 44 19 07 Hotel Marine - Malindi Zanzibar
+255 756 960 960, +255 714 444 250, +255 752 444 606. ARUSHA +255 653 005 530, MWANZA +255 653 005 535, INFO@TZREALESTATE.CO.TZ TZREALESTATE.CO.TZ
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 The Darproperty - November 2017 +255 784 23 89 62, +254 720 35 34 37 | sales@darproperty.net
| 41 The Darproperty - August 2015 | 41
PATRONS
Publisher
Darproperty Tanzania Editor In Chief
ADVERTISERS
Larson Chumi
editor@darproperty.net
Business Development & Products
Abdallah Mugasa Designs & Layouts
Dennis Maunga Mussa Khamis
dennis@darproperty.net
INDEX
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Marketing & Sales
Michael Francis
PATRON
michael@darproperty.net
Bank of Africa..........................................................1
Distribution
Bungu Rufiji..............................................................27
Boniface Metta Online Content Manager
Mbwana Mbura Aloyce Philipo
Finance Administration Manager Ismail Mutanda Public Relation Officer Elizabeth Sanawa Accounts Executives Grey Mateni Moreen Mrema Lucynancy John Office Assistant.
Brigita Laurance Anorld Manda Regulatory & Legal Advisors
ABC Attorneys
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+255 713 888 036 +255 717 270 791
For Comments, Complains & Compliments pr@darproperty.net Country Director - Kenya Xavier Nanchengwa
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By Group....................................................................13 Capital Enviroment Service.................................28 China Gold...............................................................17 CRDB Bank...................................................................2 Danube Home.......................................................1,6,7 Decostone................................................................23 Godown....................................................................20 Kisota........................................................................16 MAKURUNGE ESTATE..................................................43 Mlimani City...............................................................9 MPANJI.......................................................................44 MRG.............................................................................38 Nabaki Afrika..........................................................17 NMB...............................................................................5 Proland..........................................................29,30,31 Reef...............................................................................8 Shanghai....................................................................4 Sun Share....................................................................3 Tanga Cement.............................................................1 Wintech.....................................................................33 Yapfix........................................................................11
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