Darproperty sept 2016x by Darproperty Tanzania

The

September 2016

Featuring Properties from Tanzania & Kenya

www.darproperty.net

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

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Issue No 51| ISSN 1821-7753

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

IMG

Arusha / Olasiti 2 b/r â&#x20AC;&#x201C; All inclusive $ 1,100 per month

IMG

Dar / Oysterbay 3 b/r â&#x20AC;&#x201C; Fully furnished $ 4,000 per month

IMG

Pangani / Sange App. 6 acres - Beach front $ 150,000

IMG

Kilwa App. 21,1 acres - Beach front $ Price on request

- 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

BUY

SELL

RENT

MORTGAGE

For Sale - Commercial road plot/ Musoma rd/ Sqm: 6400/ Tshs: 200m Located: Igoma

For Sale - Commercial main rd plot/ Magu rd/ Sqm: 2500/ Tshs: 150m Located: Buhongwa

For Sale - Commercial main rd plot/ Magu rd/ Sqm: 17 acres/Tshs: 150m Located: Buhongwa

For Sale: Commercial main rd plot/ Airport rd/ Sqm: 600/ Tshs: 150m Located: Nyamanoro

For Sale - House/ Near Bugando hosp./ Sqm: 600/ Tshs: 60m Located: Bugando

For Sale - House/ near main rd - Nganza/ Sqm: 1400/ Tshs: 60m Located: Nyegezi

For Sale: Commercial main rd plot/ airport rd Sqm: 900/ Tshs: 150m Loacted: Ilemela

For Sale: Farming plot/ 12km from city center/ Sqm:21,500/Tshs: 150m Located: Luchelele

For Sale: Residential plot/ Lake view plt/ Sqm: 3000/ Tshs: 90m Located: Bwiru

For Sale: Lake side plot/Nr jembe beach 1.2 acres/ Tshs: 290m Located: Luchelele

For Sale: Lake side plot/ Sqm: 4000/ Tshs: 400m Located: Luchelele

For Sale - Commercial main rd plot/ Musoma rd Sqm: 1400/ Tshs: 50m Located: Kanyama

For Rent - Modern new house/ Nr bugando hosp. 2 bedrooms/ $1000/month Located: Bugando

For Rent - Near bugando hosp & hindu mndal 1 bedroom $300/month Located: Bugando

MRG Real Estate | 10378 Mwanza, Nyegezi - Nganza | +255 714 245 779 / +255 767 245779

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TANZANIA MORTGAGE MARKET UPDATE Highlights: The mortgage market registered a significant growth rate of 29 percent during the second quarter of year 2016 compared to a growth rate of only 4.2 percent recorded in Q1 2016. 28 lenders were offering mortgage product as at 30 June 2016 compared to 27 lenders as at 31 March 2016, with Diamond Trust Bank (T) Ltd. being the new entrant in the mortgage market in Q2 2016. Outstanding mortgage debt as at 30 June 2016 stood at TZS 481.63 billion1 equivalent to US$ 220 million (TZS 374.52 billion as at 31 March 2016). Average mortgage debt size was TZS 133 million equivalent to around US$ 60,634.24 (US$42,069.24 as at 31 March 2016) The ratio of outstanding mortgage debt to Gross Domestic Product (GDP) stood at 0.53 percent (0.46 percent as at 31 March 2016). Mortgage debt advanced by top 5 lenders accounts for 67 percent of the total outstanding mortgage debt.

18 | The Darproperty - September 2016

Typical interest rates offered by mortgage lenders ranged between 16 -19 percent. The current real estate development projects that are under way, as well as those that are being developed, have created various opportunities for interested local and foreign investors. The Tanzanian housing sectorâ&#x20AC;&#x2122;s fast-growing demand is mainly driven by the strong and sustained economic growth with GDP growth averaging almost 7 percent over the past decade (7.1 percent in year 2015), a the fast-growing Tanzanian population which is estimated to be 53.47 million and is expected to more than double by 2050 and efforts by the Government in partnership with global non-profit institutions and foreign governments to meet the growing demand of affordable housing. The Tanzanian housing demand (which is estimated at 200,000 houses annually and a total housing shortage of 3 million houses), has also been boosted by easier access to mortgages, with the number of mortgage lenders in the market increasing from 3 in 2009 to 28 by June 2016, and the average mortgage interest rate in falling from 22 percent to 16 percent.

3. Increasing Competition as New Lenders Enter the Market: As at end of the second quarter of 2016, 28 different banking institutions were offering mortgage loans after the entrance of Diamond Trust Bank in the mortgage market, compared to 27 lenders as at end of March 2016. The number of mortgage lenders is expected to increase even further as more lenders continue to launch their mortgage loan products. During the quarter the mortgage market was dominated by five top lenders, who amongst themselves command about 67 percent of the mortgage market. Equity Bank was a market leader commanding 20 percent of the mortgage market share, followed by Diamond Trust (16 percent), Stanbic (11 percent), Bank M (10 percent) and Azania Bank (9 percent). More positive developments are expected in the market with more banks now launching their mortgage loan products as competition in the traditional banking products continues to intensify. Whereas large banks such as National Microfinance Bank (NMB), CRDB and National Bank of Commerce launched their mortgage products in previous years, Standard Chartered Bank and Diamond Trust Bank which ranked 4th and 7th respectively in terms of market share in 2015 have entered the market during the first half of 2016. Figure 2 below shows market share for top eight mortgage lenders as at 30 June 2016, in terms of outstanding mortgage debt.

Tanzania Mortgage Refinance Company (TMRC) is now extending refinancing to non- member banks as well as its member banks. 2. Mortgage Market Growth: The mortgage market in Tanzania has continued to grow steadily as the pace of housing investment picks up. As at 30 June 2016 total lending by banking sector for the purposes of residential housing was TZS 481.63 billion, which is equivalent to US$220 million. This represents growth of 29 percent from total mortgage lending of TZS 374.52 billion as at 31 March 2016 (44% annual growth rate through June 2015 - June 2016). Factors attributed to this increase is the increased awareness on mortgage loans among borrowers as a result of various public awareness campaigns by banks offering mortgage loan product as well as increased competition as new lenders enter the market. Figure 1 below shows the trend of mortgage lending in terms of amounts over the year

4. Obstacles to Growth of the Mortgage Market: Demand for housing and housing loans remains extremely high but is constrained by inadequate supply of affordable housing and high interest rates. The current housing deficit in Tanzania is estimated at three million housing units with a 200,000 unit annual demand. Most lenders offer loans for home purchase and equity release while a few offer loans for self-construction which for the most part continue to be expensive beyond the reach of the average Tanzanian. High interest rates offered by mortgage lenders also pose as another impediment to the growth the mortgage market. During the second quarter of 2016, interest rates offered by mortgage lenders were reported to range between 16 â&#x20AC;&#x201C; 19 percent. The 182 days T Bill rate continued with its upward trend to reach 15.73 percent at the beginning of August 2016 from 14.68 percent recorded by mid-May 2016. The rising trend on the 182 days T-Bill rate negatively affects all forms of long term debt, including mortgages. The government has however expressed its commitment to ensure the loan interest rates are reduced in order to enable many Tanzanians to acquire loans. 5. Positive Initiatives to Boost the Mortgage Market: The National Housing Corporation (NHC) has continued carrying out its various projects focusing on high, medium and low income earners which continue to have a positive impact on the mortgage market. The Corporationâ&#x20AC;&#x2122;s major recently completed projects in Dar-es-Salaam include Victoria Place (consisting of 16 flats and

88 two to four bedroom apartments, kids playing area, swimming pool, gymnasium and shopping mall)4 and Eco Residence(consisting of 120 three bedroom housing units with prices ranging from TZS 213 million to TZS 254 million VAT exclusive). Major ongoing projects in Dar-es-Salaam include 711 @ Kawe (which is on sale since December 2015, a satellite city consisting of two to four bedroom apartments with prices ranging from TZS 297 million (US$135 510.63) to TZS 672 million (US$306 609.91) VAT exclusive), Golden Premier Residence, Mwongozo Estate (consisting of 216 two to three bedroom and town houses sold between TZS 44.7 million to TZS 128 million VAT exclusive) and Morocco Square. The Morocco Square project was launched by the Corporation in October 2015 and is the biggest project in East and Central Africa region, which is comprised of two office towers, residential tower and hotel tower. The project construction cost is estimated to be over TZS 150bn. Morocco square consist of four blocks including a shopping mall with a total of 28,827 square metres which will accommodate banks, chain of stores, supermarkets and shops, movie theatres, kids’ grounds and food courts, among others. Apart from the multiple business spaces, the Morocco Square will have two office blocks with a total of 47,793 square metres, whereby one of the towers will be known as Stock Exchange Tower that stands to accommodate and upgrade the current Dar es Salaam Stock Exchange (DSE). On the other hand, the residential and hotel tower will have a total of 24,924 and 8,456 square metres respectively.

Most Pension funds are also actively involved in housing projects. The National Social Security Fund (NSSF) is in the middle of constructing its housing development in Kigamboni (the Dege Eco Village satellite city) which will bring to the market a supply of 7,460 housing units by 2017. Total project costs are estimated at around US$544.5 million.

NHC has launched an ongoing country-wide project known as ‘My Home My Life’ to offer affordable 5 000 affordable housing units countrywide with prices quoted for the first and second phases of the project ranging between TZS 43.4 (US$19 801.89) million to TZS 95.3 million (US$43 482.03). Currently the project has covered number of regions including Mkinga (Tanga), Mvomero (Morogoro), Mnyakongo-Kongwa (Dodoma), Mkuzo (Songea), Mtanda (Lindi), Mrara (Babati), Unyankumi (Singida), Bomba Mbili (Geita), Ilembo and Iyonga (Katavi), Uyui (Tabora), Longido and Monduli (Arusha) and Mlole (Kigoma) as well as Kibada and Mwongozo (Kigamboni, Dar-es-Salaam).

Additionally, the International Finance Corporation (IFC) in its efforts to support growth of the private sector in Africa through investments and advisory services, has injected equity investment in M Mortgage Finance, a greenfield mortgage finance bank being set up in partnership with Bank M Tanzania Limited, HFDC India and prominent investors. The company which has recently received its provisional license from Bank of Tanzania will be the first specialized mortgage lender in Tanzania. All these initiatives are expected to foster the growth of the mortgage market.

Likewise, the Public Servants Housing Scheme which is being administered by Watumishi Housing Company (WHC) and specifically tasked to build 50,000 affordable housing units in 5 phases. WHC has continued with implementation of its projects with the first phase being focused on construction of houses in the administrative regions of Dar es Salaam, Coast/Pwani, Tanga, Arusha, Mwanza, Shinyanga, Mtwara, Lindi, Tabora, Dodoma, Morogoro, Kilimanjaro, Ruvuma and Mbeya. In November 2015 WHC launched a construction drive of 597 houses in four regions namely Morogoro at Mkundi area (50), Mwanza at Kisesa Township (59) and Dar es Salaam which will receive the bulk of the houses to be built in Kigamboni (369), Bunju (71) and Magomeni Usalama (88). The Magomeni Usalama project is set to build two flat buildings with 12 floors each. The buildings to be built right at the heart of a historical part of Dar es Salaam which used to be the home for a good number of mid-ranking civil servants of independent Tanzania Mainland (Tanganyika) are set to change once and forever the area’s scenery. Besides Dar es Salaam, Morogoro, Tanga and Mwanza regions benefitting in the construction of the low cost, yet descent houses under the WHC’s first phase drive, other regions lined up for the construction drive in the near future are Dodoma, Ruvuma, Mtwara, Mbeya, Kigoma, Mwanza, Shinyanga, Arusha, Tanga, Lindi and Coast. In the Coast Region, WHC is set to radically change the face of Kibaha by creating a satellite city of 1,000 modern housing units plus supportive commercial infrastructure including setting up an ultra-modern shopping mall and other public amenities to serve up to 5,000 residents. This might turn to be one of the mega-projects to be undertaken by WHC as it scales up the ladder of serving both civil servants and the nation.

On the side of private developers, Avic International has continued with implementation Avic Town project in Kigamboni with plans to build 5,000 housing units in the next 3 years. This is a large scale luxury villas and bungalows project, with target customers being the social elite. The first phase of infrastructure has been completed. The main gate, landscape avenue and sample houses were shown to the public by June 201511. The project is scheduled to deliver its first phase of 160 villas and bungalows in two parts in May 2016 and October 2016. The developer has already partnered with six banks namely CBA, CRDB, NMB, Stanbic, Exim and BOA to provide loans for purchase of houses. Furthermore, Tanzania Buildings Agency (TBA) has continued to implement a special project of constructing 10,000 affordable housing for Public Servants in various regions of the country under the initiative of the government. By July 2015, TBA reported to have spent TZS6billion (US$2.8 million) for construction of 850 units in Bunju B area in Dar-es-Salaam.

6. Tanzania Mortgage Market as Compared to the East African Neighbors: Compared to other countries in the region Tanzania still has a relatively smaller mortgage market, although it is growing rapidly. Mortgage debt outstanding as a proportion of Tanzanian GDP was equivalent to around 0.53 percent of Gross Domestic Product as at the end of the second quarter of 2016. This is lower than its East African neighboring countries but growing at an accelerated pace. Figure 3 below shows mortgage debt to GDP for selected countries including Kenya, Uganda and Rwanda.

Source TMRC.

A KENYAN NATIONAL INVESTING IN REAL ESTATE IN TANZANIA Q: Hello guys at ABC Attorneys, my name is Ochieng from Nairobi in Kenya. I have visited Tanzania once or twice and it seems there is a lot of opportunities in this sector. I wish to come and invest, if I decide so as a Kenyan can I own land in Tanzania? BM, Dar es salaam, Tanzania A: Greetings Ochieng, well unfortunately, under the laws of Tanzania, a foreigner cannot own land, unlike in other jurisdictions. The only way a foreigner can own land is by investing. In Tanzania, however such right to the land will be a derivative nature as opposed to a right of occupancy whereas, the Tanzania Investment Centre holds the land in stewardship for the foreigner. In other words a derivative right is a right that arises from a right of occupancy. The right of occupancy creates the derivative right. In order for a foreigner to obtain this derivative right, there are a number of stages that need to be completed by the foreign entity. If the land is registered land, then the foreigner would follow various steps sale agreement and many others .However

a foreigner cannot purchase land as an individual, but though an entity which will purchase the land. In terms of the transfer of title, the name will be of the Tanzanian Investment Centre and not that of the foreignerâ&#x20AC;&#x2122;s entity. But before such transfer is completed the entity should acquire among the Tanzania Investment Centre. CONVEYANCING PROCESS TAKING LONGER Q: Hi I want to buy a plot but I can see conveyancing process takes a lot of time and I am afraid that the seller may sell the property to somebody else who has a good offer. What should I do to protect my interest? Asha, Arusha A: A very good question Asha and it is very fortunate that we face such situation almost every day. Well, you can protect your interests by entering into lockout agreements with the seller. Lock out agreements are those agreements between the property seller and a buyer granting the buyer exclusive rights to sale of the property for a certain period of time. Essentially, a lockout agreement is a contract stating that youâ&#x20AC;&#x2122;ll have a contract

at a later time which is the contract for the actual sale. It is generally used for buyer protection though in some cases, the seller as well. Lock out agreement are usually used by buyers, they gives them a sense of security that no one will be able to buy a property while in the process of conveyance. After all it does prevent the seller from entertaining any more enquiries. This is particularly desirable because the process of conveyancing takes quite a longtime. Thus, the transfer and processing period of up to 3 months is quite a longtime and it creates a market that is ripe for the practice of Gazumping. Gazumping is when the seller suddenly raises the asking price for the property at last possible moment, this means that the buyer has to accept the new price or pullout of the deal). So imagine if within 3 months period, a seller receives a much higher offer from a second buyer while conveyancing is going on and decides to sell to the second instead and it can quite be possible to a 3rd buyer or more. Hence lockouts agreement attempts to provide some degree of surety to the buyer by preventing the seller from entertaining other offers during the period covered in the lockouts agreements.

DISPOSING LAND TO YOURSELF Q: Hello my name is Amyn, I would like to ask if a person can make a disposition to himself and if that disposition is enforceable like any other disposition made to another person? A: Of course yes Amyn, it is possible for a person to make disposition to himself. It is provided under section 65 of the land act cap 113 R.E 2002 that, for the avoidance of doubt it is herby declared that any person may make a disposition to himself and any other person or together with any other person to himself alone and the sale, assignment or disposition made to himself is enforceable in the same manner as a sale, assignment or disposition to another person. LENGTH OF RIGHT OF OCCUPANCY Q: Hello my name Gabriella, I would like to ask if the length of term of a right of occupancy is the same to all holders of right of Occupancy. And is it alright for a holder under the right of occupancy to change land use? A: The length term of a right of occupancy is NOT the same to all holders of right of

occupancy. It is provided under section 32 of the Land Act CAP 113 R.E 2002 that, a right of occupancy may be granted in

undertake development on or a use of that land or a disposal of the whole or a part of that land in connection with a development on or a use of that land which is not permitted for a term up to but not exceeding ninety by the conditions subject to which the right of nine years, secondly for a term together with occupancy was granted. an option for a further term or terms which together with the original term may be up to but not exceeding ninety nine years and Please do send us your question to: thirdly is a term from year to year or for abcattorneystz@gmail.com/info@ periods of less than a year determinable by the commissioner by one yearâ&#x20AC;&#x2122;s notice or less, abcattorneys.co.tz whether or not the grants includes an initial does not exceed four years. NOTE; However where the right of occupancy has been granted for a certain term with or without an option for a further tem or terms then no reduction in the length of that certain term shall be made to or introduced into that right of occupancy by the commissioner without the agreement of the occupier. ALSO, An occupier of land under a right of occupancy is allowed to change use of his/ her land as provided under section 35 of Land Act CAP 113 R.E 2002. The occupier should apply to the commissioner for a change or variation to the conditions of the right of occupancy so as to enable him to

ABC ATTORNEYS. IT PLAZA, 8th FLOOR, OHIO STREET P.O.BOX 105722, DAR-ES-SALAAM - TANZANIA (EA) Tel: +255222110236/0713055195/ 0786624901 For more information, you can also read other articles online at www.abcattorneys.co.tz

The Darproperty - September 2016 | 23 The Darproperty - August 2015 | 23

REAL ESTATE The ABCs of REAL ESTATE MARKET Planning Commission a group of citizen appointment by local government officials to conduct hearings and recommend amendments to the zoning ordinance. The Planning commission generally oversees the work of a professional planned department, which prepares a comprehensive plan. May also be called a planning board, zoning commission, or zoning board, depending on locality. Example: Moore wishes to have her land rezoned from low density to high density residential. She submits her request to the planning commission. The commission holds a public hearing and asks the planning department to evaluate the change. Following the review, the commission makes a recommendation to the city council on whether or not a grant the request. Ex-Situ offsite, such as contamination remediation facilities that are not located directly on the contaminated property. Down zoning the act of rezoning a tract of land for a less intensive use than the existing use or permitted use. Example: Arlington had a booming single-family residential market, but was not attracting industry. The owner of l large tract of land zoned for industrial use asked for a down zoning to single â&#x20AC;&#x201C;family housing use to develop the land immediately. Month to month tenancy lease agreement extendable or cancelable each month. Example. Abel rents an apartment from Baker on a month to month tenancy basis. Abel may remain as long as he pays rent and Baker does not give notice to cancel the lease. Abel may also cancel the lease upon giving notice. Mortgage pool a collection of loans of similar nature that are sold as a unit in the secondary market or used to back a security that is then sold in the capital markets. See collateralized mortgage obligation (CMO). Example: Lenders Mortgage Company packaged a mortgage pool consisting of $50 million worth VA guaranteed loans. The package was sold to a group of investors who each put up a minimum of $25,000. Open listing a listing, often used for commercial property, given to any number of brokers without liability to compensate any except the one who first secure a buyer who is ready, willing and able to meet the

terms of the listing or secures the sellerâ&#x20AC;&#x2122;s acceptance of

another offer. The sale of the property automatically terminates all open listings. Example: quarry offers an open listing to 2 brokers , Ridley and Sims. Ridley presents a buyer who eventually purchase the property. Ridley is entitled to a commission; Sims is not

Real Estate

KENYA DOMINATES EAST AFRICAN PROPERTY MARKET

enya is dominating East African property developments because of its stability and investment opportunities, source has learned. The country’s infrastructure is improving steadily. Last year the country witnessed the inauguration of a $540m mixed-use development, the Garden City developed by Actis. Old Mutual Property last month invested $6.3m in the Two Rivers Lifestyle Centre (TRLC), the holding company for the Two Rivers Mall. The mall is being built on 10.2 acres of land, which is part of the expansive mixed-use project in the diplomatic blue zone neighbourhood of the upmarket Runda and Gigiri. A vote of confidence for Kenya, is that the Real Estate Investment Trust (REITs) structure and tax dispensation for companies have been implemented, indicating that the listed property market in the country has developed markedly over the past few years. Kenya really is at the cutting edge for African listed property markets. And more REITs are expected to list on the Nairobi Stock Exchange going forward. The Reit structure was launched in SA in 2013 and has helped to make SA’s property sector the envy of other countries’

28 | The Darproperty - September 2016

sectors. More institutional investors from SA and abroad have bought into Reits. South African Reits have also joined indices and then index trackers have bought into them which has also raised their profile. Last year, eight property companies listed on SA’s JSE. Kenyan Reits are likely to enjoy similar success. If they do well, the Reit system could be rolled out to other East African countries. East African countries appreciate that Reits are in line with worldwide best practice. Reits have various tax benefits and investors have been attracted to how much easier to understand the Reit capital structure is. One tax benefit which is enjoyed by Reits is that there is no capital gains tax on acquisitions and on mergers and distributions on shares, and debentures are also tax deductible expenses. New property companies do not pay tax when they list. “The objective of creating a Reit is to create a commercially viable product that makes investment in large- scale, incomeproducing immovable property accessible to a broad range of investors through the purchase and sale of liquid securities,” head of cash markets at the Nairobi Securities Exchange (NSE), Lina Ng’inja said when the Reit system was announced in Kenya.

The first Kenyan Reit listed in Nairobi last year. This was the Fahari I-Reit which was brought to market Stanlib Kenya. The I-Reit was listed in the unrestricted Main Investment Market Segment (Mims). Stanlib’s head of listed property funds, Keillen Ndlovu said that the I-Reit was listed, because the real estate market there is heading for a boom as an asset class in Kenya. Various companies would want to become Reits in Kenya due to the significant opportunity for property growth in the country and also for the benefits attached to the investment vehicle. The telecommunications industry was attractive and various companies were like for office space in Kenya. Analysts feel that Africa is a long term but exciting prospect for investors and that Kenya is a key market within the developing world. Nairobi stands out in East Africa as a growing city which offers a lot to investors. Kenya is the economic and transport hub of East Africa and has a population of about 45 million people which is close to SA’s 50 million population. The country’s real gross domestic product growth has averaged around 5% for the past several years. Kenya is ranked among low middle income countries with per capita income of over $1,300. Agriculture is the main driver of the Kenyan economy but transport infrastructure and communications businesses are growing. About 80% of Kenya’s population work at least part-time in the agricultural sector, including livestock and pastoral activities. More JSE-listed property companies are considering investing in Kenya, if they have not already. A challenge to Kenya or at least the next East African country to excel after Kenya, could be Tanzania. This country’s gross domestic product rose on average at 7 percent each year for the last decade. There is demand for apartments, villas, hotels, malls and offices. The problem is that many Tanzanians are very poor overall with the GDP per capita being about 720 us dollars according to the IMF. Much of the property demand is coming from the rich elite and the government officials of the country. Sourced from: APN

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RENT $400

Fully furnished apartments for rent in Goba, Studio (usd 400) one bedroom (Usd 500), 2 bedroom (usd 1000) Call: 0658696840

SALE TSHS 400m

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

RENT $800

Newly build two semi-detached houses for rent. Each with 4 bedrooms, on-suite master bedroom, 0689 093 112 / 0789 911 635

CH BEA MB

EZI

MIK OC

NJI

TAN

, AR

HEN

Beautiful 5 bedroom house for rent with Swimming pool, generator and large car parking space 0716 998 864

BEZ

House for sale Peninsular with the 2000 sqm plot size. Ready to move in house. Price Negotiable 0763 382 231

IJI

EZI MB

SAK

BEA

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

RENT $1500

3 bedrooms, 2 bathrooms, servant quarter, ample parking, 0784 247 724

MB EZI

MIK OC HEN

UPA NG A,

KIG MLAM ANBON DIZ I I

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 - GODOWN

Located in Pugu rd junction Industrial area Gerezani DSM Square feet 8000 with clean title deed 0715 686 051

BA GA MO YO

PU GU RO AD -

GER EZA N

BA GA MO YO TOW N

simply call 0767 200 202 classifieds@darproperty.net

SALE

2 bedrooms, Packing, Modern kitchen, self contain, master bedroom 0654 062 835, 0755 300 843

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

32 | The Darproperty - September 2016

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

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 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

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

36 The DarProperty August 2014

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 - September 2016 +255 784 23 89 62, +254 720 35 34 37 | sales@darproperty.net

| 37 The Darproperty - August 2015 | 37

Publisher

PATRONS

Darproperty Tanzania Editor In Chief

Larson Chumi

editor@darproperty.net

Business Development & Products

Abdallah Mugasa 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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ABC Attorneys

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PATRON PAGE NO ABC ARTTONEYS..............................................22&23 ACB...........................................................................8&9 AZIZ.............................................................................24 BLUE SKY MANUFACTURES....................................15 BOA..............................................................................1 CES..............................................................................34 CRDB..............................................................................5 CURTAIN WORLD........................................................21 DAR APARTMENTS LTD..........................................1&11 DAR CERAMICA CENTER...............................................4 DCB BANK.....................................................................17 HAMIDU CITY PARK.......................................................2 HANSON DOORS........................................................33 HOME POINT................................................................40 JAMII FORUMS.............................................................12 MARINA TOWER.................................................32&33 MASUMIN.....................................................................10 MRG...............................................................................14 RAS LAMINATE FLOOR..................................................3 REEF APARTMENT...........................................................6 SHANGHAI MITSUBISHI ELEVATORS........................13 SIMBA CEMENT...............................................................1 TANGANYIKA REAL ESTATE.........................................7 TBS..................................................................................29 TWIGA CEMENT.............................................................1 VITA FOAM...................................................................15

For Comments, Complains & Compliments pr@darproperty.net Country Director - Kenya Xavier Nanchengwa

Disclaimer The Darproperty is published by Darproperty Tanzania Company. All rights reserved. The contents and opinions expressed herein are not necessarily the representation of 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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