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September 2014
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The DarProperty March 42 The DarProperty September 2013
- April 2012
Shati House, behind Exim Bank - Clock Tower Plot No. 58, Block E Sokoine road, Arusha +255 754 337 899 +255 786 337 899 info@arushahomes.com For rent | $1500 / month
4 Bedrooms, Close to Kibo Palace Hotel
For rent | $1300 / month
5 bedroom, Njiro Tanesco
USD 400 - 2 Bdrm USD 500 - 3 Bdrm
For rent | $2000 / month
2 & 3 Bedroom House - Moshono
5 Bedrooms all en-suite., Njiro AGM
For rent | $10/12 / SQM
Tshs. 16,000 per Square Metres
City Center- Kaloleni meter.
Office Block - Kisongo,
Price $45,000 per Acre if buying more than 5 Acres.
For more properties visit: www.arushahomes.com
”Tanz ani a´ sl eadi ngl and& pr oper t ya gent ” www. t z agent s . com DaresSa l a a m
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FOR SALE Kawe Beach – 1,25 acres USD 350,000
FOR RENT Mbezi Beach – 7 b/r USD 2,000 / month
FOR RENT Masaki – ocean front – 4 b/r USD 6,000 / month
FOR RENT Msasani – 3 b/r USD 1,400 / month
Ar us ha
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FOR SALE Kisongo – 5 acres USD 50,000
FOR SALE Tarangire – 1,000 acres USD 595,000
FOR RENT Sakina / Seven Up – 4 b/r USD 850 / month
FOR RENT Sakina – furnished – 3 b/r USD 600 / month
Tanga/Pangani
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FOR SALE Beach Lodge - Sadaani USD 495,000
FOR SALE Lodge - Ushongo USD 295,000
FOR SALE Kigombe – beach cottage USD 195,000
FOR SALE Pangani – 15 acres USD 150,000
Cont a c t s Da re sSa l a a m
Raphael Nondi
Manager Dar es Salaam Tel. +255 717 032 633 raphael.nondi@tzagents.com
Ar us ha
Anders Wehtje
Founder Tel. +255 785 984 467 anders.wehtje@tzagents.com
Tanga/Pangani
Annabel Burdes
Representative Tanga / Pangani Tel. +255 784 632 529 annabel.burdes@tzagents.com
Pr oper t yoft hemont h! USD195, 000
PHOTO
PHOTO
PHOTO
PHOTO
Thi swonde r f ulhous ei sf oundi ngr e e n, l us ha ndqui e tI l bor ui nAr us ha . I twent t hr ougha“t ot a lma keov e r ”i nt heha ndsoft hepr e s e ntowne r sa ndt her e s ul ti sa hous er a r e l yf oundi nAr us ha !Thema i nhous ec ont a i ns2be dr oomsa nd2ba t hr ooms . Li v i ng-a nddi ni ngr oom i sc ombi ne da nda dj a c e ntt oabr i ghta ndhi ghs t andar d ki t c he n. As pa c i ousv e r a nda h/por c hpr ov i de st hepe r f e c ts pa c ef orout doorme al sa nd ga t he r i ngsoff r i e ndsa ndf a mi l y . Thepr ope r t yf ur t he rha sas ma l l e rr oom i nt heba ck t ha tc a nbeus e da sat hi r dbe dr oom /gue s tr oom, ar oom f orwa s hi ng, s t or i ngt hi ngs ors i mi l a r .Se c ur i t yi sgoodgi v e nawa l l e dc ompoundi nc ombi na t i onwi t ha ne l ec t r i c f e nc ea nda na l a r ms y s t e m. Powe rc ome sf r omTa ne s c oa ndwa t e rf r om AUWSAa nd ne a r byv i l l a ge . Thepr ope r t yc ome swi t hac l e a nt i t l ede e d. Thi si sar e s i de nceor i nv e s t me ntf ors ome onel ooki ngf ort ha tl i t t l ee x t r a !
SAPPHIRE
NOW RENTING
HEIGHTS
Sapphire Heights is a newly developed residential building located in prime area of Masaki, conveniently situated on Haile Selassie.The property offers fully furnished luxurious and spacious 3 bedroom apartments, with amenities including:Parking, GYM, Swimming pool, Standby Generator, and24 hour security.The propertyislocated within close proximity to colosseum Gym, Sea Cliff Hotel, Supermarkets and Restaurants.
For rental enquiries please contact: Cell: +255 (0) 689 578 785 Email: md@nevadaproperties.co.tz
OTHER PROPERTIES FOR RENT IN MASAKI
SEA PRINCESS APARTMENTS
DAYS INN APARTMENTS
The DarProperty August 2014 11
We are your pathway to Real Estate management. Selling, Buying, Managing properties, Rentals and Leasing of: - Residential - Commercial - Plots and Lands
6.5 ACRE LAND in Tabata. 8 buildings suitable for warehousing, $800,000
PLOT FOR SALE Bahari Beach Size: 4919 m2 Price $350,000
23 acres beach plot for sale in Kigamboni Mbutu Village. 22kms from the ferry. $40,000 / acre.
House for RENT in South Beach (Kigamboni), 4b/r . $1200 / month.
Apartments for rent in Bahari Beach, 1 b/r fully furnished, short term rentals at $600 /month.
30 apartments in 1 compound, Mbezi Beach Tank Bovu. 1 b/r -$300, 2 and 3 b/r -$600,
House for RENT, Mbezi Beach 7b/r, 5 baths. $1500 / month
3340 SQM PLOT for sale, Mbezi Beach Africana $565,000
4 b/r house Mbezi Africana. Sale: $420,000, Rent: $1200 / month
Plots for sale Kunduchi Beach; 1900 SQM, $120,000
3 b/r apartment, for RENT Mikocheni “A”. $2000 / month.
4 b/r house Mikocheni kwa Mawaziri, Sale: $900,000 Rent: $2300 / month. PLOTS FOR SALE -BUNJU “A” per m2 - TSH 16,000 -Goba Mtambani per m2 - TSH 15,000 -Gezaulole kigamboni per m2 TSH 16,000 -Mbezi Beach Tank bovu 1600m2 $ 95,000 -Ununio Tegeta - 2400m2 $ 125,000 -Mbezi Beach - 4500 m2 facing Bagamoyo Rd, $1m
PLOTS FOR SALE -Salasala, 2222 SQM with title, $120,000 - Kigamboni Mwasonga, NOT surveyed, $3500 / acre -Mbezi Beach, 2300 SQM second plot from Bagamoyo Rd, with two apartments, $700,000
17 acres in Bunju “B” for SALE. $ 375,000
4 b/r house for RENT in Mikocheni with servant quarter, $3200 / month
*All properties are negotiable
CALL FOR MORE PLOTS ALL OVER DAR ES SALAAM.
CONTACT US: Mobile: +255 755 181 222 / +255 655 181 222 Website: www.bryanstonproperties.co.tz Email: info@bryanstonproperties.co.tz Located at: Samaki, Nangela Plaza - Mbezi Beach
Please visit our website for more updated listings uploaded daily (over 200 listings available for your perusal)
REAL ESTATE The ABCs of REAL ESTATE MARKET Mortgage Note the document that states the names of the borrower and LENDER, amount borrowed, Interest rate, repayment terms, and other loan provision. The MORTGAGE pledges property as COLLATERAL; the mortgage note provides the amount of dept and repayment. Potential gross income the amount of income that could be produced by a real property assuming no vacancies or collection losses. Does not include miscellaneous income. Contract with CASH FLOW, NET OPERATING INCOME. Example: An office building have 10,000 square feet of rentable space and rents for an average of $12 per square foot. Potential gross income for the building is $120,000 per year. Concessions on the ground floor that contribute $1,000 of annual revenue, and a 5% vacancy and collection allowance are not included in potential gross income. Strip development or strip shopping centre a form of commercial land use in which each establishment is afforded direct access to a major thoroughfare, generally associated with intensive use of signs to attract passersby. Generally without an ANCHOR TENANT COMMON PROPERTY property owned equally by all member of a group. Example :The following are example of common property: • Recreation area of cooperative apartment building • Park in municipally Capitalization 1. 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 rate 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 income stream. Also when taxes on the property increased by $500 per year, the property’s value was reduced by $6,000 due to the capitalization process. 2. In accounting, setting up an asset on the financial records, rather than deducting it currently. Example: Capitalization is required for an asset that as a 15 year DEPRECIABLE LIFE; the cost will be deducted over that time period, not deducted currently.
DAR ES SALAAM:22 2112515/6 • KARIAKOO:22 2184867
ARUSHA:27 2547317/8 • ZANZIBAR:24 2234660/1 • MWANZA:28 2541971/2
www.dayliff.com
D
4 WAYS TO VALUE A REAL ESTATE RENTAL PROPERTY
uring the first half of the 2000s, investing in real estate became more common for average citizens. With easily available financing and minimal down payment requirements many citizens made handsome profits by flipping homes. Well, as we are all aware of, this couldn’t go on forever, and the real estate bubble popped in 2007, leading to The Great Recession. Notwithstanding this fundamental change, real estate investment is certainly not unprofitable. Some economic factors such as high unemployment and very strict lending standards by financial institutions have contributed to low vacancies for rentals across many places. Perhaps real estate investors should look at rental investments as an alternative to a buy and sell approach. So, how does one go about valuing real estate rentals? Here we will introduce at a high level some ways to value rental property.
that all investors can use to determine where there property should be valued. If a 2,000 square metre townhome is renting for $10/ square metre, investors can reasonably expect a similar rental income based upon similar rentals in the area. Keep in mind that SCA is somewhat generic; that is, every home has a uniqueness that isn’t always quantifiable. Buyers and sellers have unique tastes and differences. The SCA is meant to be a baseline or reasonable opinion and not a perfect predictor or valuation tool for real estate. It is also important for investors to use a certified appraiser or real estate agent when requesting a comparative market analysis. This mitigates risk of fraudulent appraisals, which became widespread during the 2007 real estate crisis. Capital Asset Pricing Model The capital asset pricing model (CAPM) is a more comprehensive valuation tool for real estate. The CAPM introduces the concepts of Sales Comparison Approach risk and opportunity cost as it applies to real The sales comparison approach (SCA) is one estate investing. This model really looks at of the most recognizable forms of valuing potential return on investment (ROI) derived residential real estate. This approach is from rental income and compares it to other simply a comparison of similar homes that investments that have no risk, such as Treasury have sold or rented over a given time period. bonds or alternative forms of real estate Most investors will want to see an SCA over a investments such as real estate investment significant time frame to glean any potentially trusts (REITs). emerging trends. In a nutshell, if the expected return on a The SCA relies on attributes to assign a risk-free or guaranteed investment exceeds relative price value. Price per square metre potential ROI from rental income, it simply is a common and easy to understand metric doesn’t make financial sense to take the risk
of rental property. With respect to risk, the CAPM considers the inherent risks to rent real property. For example, all rental properties are not the same. Location and age of property are key considerations. Renting older property will mean landlords will likely incur higher maintenance expenses. A property for rent in a high crime area will likely require more safety precautions than say a rental in a gated community. This model suggests building in these “risks” before considering your investment or when establishing a rental pricing structure. Income Approach The income approach focuses on what the potential income for rental property yields relative to initial investment. The income approach is used frequently for commercial real estate investing. The income approach relies on determining the annual capitalization rate for an investment. This rate is simply the projected annual income from the gross rent multiplier divided by the original cost or current value of the property. So if an office building costs $120,000 to purchase and the expected monthly income from rentals is $1,200, the expected annual capitalization rate is 12% (1200*12/120000). This is a very simplified model with few assumptions. More than likely there are interest expenses on the mortgage. Also, future rental income may be less or more valuable five years from now than they are today. Many investors are familiar with the
net present value of money. This concept applied to real estate is also known as a discounted cash flow. Dollars received in the future will be subject to inflationary as well as deflationary risk and are presented in discounted terms to account for this. Cost Approach The cost approach to valuing real estate states that property is really only worth what it can reasonably be used for. It is estimated by summing the land value and the depreciated value of any improvements. Appraisers from this school often espouse the “highest and best” use to summarize the cost approach to real property. It is frequently used as a basis to value vacant land. For example, if you are an apartment developer looking to purchase three acres of land in a barren area to convert into condominiums, the value of that land will be based upon the best use of that land. If the land is surrounded by oil fields and the nearest person lives 20 miles away, the best use and therefore the highest value of that property is not converting to apartments but possibly expanding drilling rights to find more oil. Another best use argument has to do with property zoning. If the prospective property is not zoned “residential,” its value is reduced since the developer will incur significant costs to get rezoned. It is considered most reliable when used on newer structures, and less reliable for older properties. It is often the only reliable approach when looking at special use properties. The Bottom Line Real estate investing isn’t out of vogue by any stretch of the imagination. Since the last crash, however, the housing market has changed dramatically. Flipping homes financed with no money down is an artifact of the past and possibly gone forever. But real estate rentals can be a profitable endeavor if investors know how to value real property. Most serious investors will look at components from all of these valuation methods before making a rental decision. Learning these introductory valuation concepts should be a step in the right direction to getting back into the real estate investment game. Written by: Stephan Abraham.
Looking for the following Prime Located Properties under Reasonable Prices MANDELA ROAD / PUGU ROAD MIKOCHENI / MSASANI
OYSTERBAY / MASAKI BAGAMOYO ROAD
HONG XING REAL ESTATE & DEVELOPMENT COMPANY LIMITED
Hong Xing Real Estate and Development Company Limited was founded in September 2013. Under two fully experienced Directors teamed with qualified and trained staff to obtain the best results that leads people to recognize excellence within competition in the real estate industry. We are a Professional Agency dealing with all types of Prime Located Properties for Sale and Leasing, focused in providing advanced property services and consultation to both Owners and Purchasers of Properties.
NO AGENTS COMMERCIAL / RESIDENTIAL 5 Star Hotel (Masaki/Coco Beach area 4,000SQM to 10,000SQM) Office HQ (Masaki/Coco Beach/Mikocheni 4,000SQM) Office HQ (Masaki/Coco Beach/Mikocheni 4,000SQM) Office HQ (Kinondoni/Mikocheni/Kawe/ Up to Bagamoyo 2,000SQM) Appartments (Must be close to the Beach 2,000SQM+)
Appartments (Masaki/Msasani/Upanga 1,000SQM+) INDUSTRIAL Cement Factory (Not too far out of town No Size Mentioned) Logistics Godown (Industrial Plot preferably on main road 10,000SQM) x 3
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THE REEF APARTMENTS
NEWLY BUILT APARTMENTS AND VILLAS FOR SALE AND FOR RENT PROPERTY FEATURES:
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OCEAN WAVE APARTMENTS
LOCATION: Msasani Dar es Salaam, Old Bagamoyo Road, Plot 389/1 & 2 (opposite JKT)
LOCATION: Msasani Dar es Salaam, Old Bagamoyo Road, Plot 77B/2 (near Msasani Beach Club)
Email: reefaptms@gmail.com
Email: oceanwaveaptms@gmail.com
Diamond Plaza is a newly developed commercial building located in the business hub of Dar es Salaam, conveniently situated on Mirambo Street intersecting with Samora Avenue. The modern executive offices and shops have completed ceilings and floors, as well as Central Air-conditioning system. Diamond Plaza is the ideal location for your new office, with the best view. It is in close proximity to Serena Hotel Dar Es Salaam, City Centre, and Government offices. The property offers many well-known brands including KFC Restaurant, New York donuts, Subway, black tomato as well as a supermarket and many multi-national offices.
For rental enquiries please contact: Cell: +255 (0) 689 578 785 Email: md@nevadaproperties.co.tz
DIAMOND PLAZA NOW RENTING
Ask the Expert Real Estate Laws
INFORMING MY KIDS ABOUT A MORTGAGE Q; Hello my name is Amerine, I have a wife and two kids, I want to mortgage my matrimonial property, but the dilemma is should I should inform my kids and wife about it or just go ahead with it? A: Hello!Mr. Amarine. Thank you for a very good question. Well section 2 0f the Land Act as amended 2004 defines Matrimonial home to mean the building in which the husband and wife ordinarily reside together. And according to section 114 of the Land Act as amended 2004 provides that, where a mortgage concerns a matrimonial home it will only be valid in the following circumstances; i) any document used in applying for such mortgage is signed by the mortgagor and his spouse(s) living in that matrimonial home or there is evidence from the document all of them have assented. Or ii) any document used to grant the mortgage is signed by the mortgagor and the spouse living in that matrimonial home or there is evidence that both or all them have assented. Therefore Mr. Amaline, we kindly advice you to tell your wife on your plan of mortgaging your house so that so that you may obtain her consent voluntarily for you to be able to mortgage a matrimonial property. Failure to obtain the consent from your wife will result to you not being able to mortgage the house. As to the child you may tell them but the law does not compel you to tell them, it is just upon your wish. POSSESSION AND OWNERSHIP OF LAND QN; Hello my name is Maya, I always get confused when I hear the words possession and ownership in land,can you please help me with the meaning of these two words and the legal rights existing between a possessor and the owner. A: It’s a good question Maya, you are not the only one who is normally confused with these two words but, they are not similar and they do have different meanings.POSSESSION refers to physical control of a property that may or may not be owned by the person in possession at that moment. Possession can be more temporarily, when you have something you use, you have possession of it. Sometimes possession can mature into ownership by the previous owner. However, possession by anyone other than the owner can typically be terminated at the discretion of the owner. FOR INSTANCE when you rent an apartment
you have possession of the space within the rental and various related rights such as to come and go, parking etc. if the owner of the apartment wants to reclaim possession from you there are legal procedures for doing so. Possession includes receipt of rent and profit or the right to receive them.As for OWNERSHIP, is a bundle of rights and obligations? There include the right to sell the ownership or to divide the ownership or to prevent others from intruding upon the ownership, including possession. Owner has exclusive right to use, posses and dispose of property subject only to right of person having a superior interest and any restrictions on the owner rights imposed by agreement with or by act of third parties or by operation of the law. The owner of land has number of rights such as to dispose of the land. Thus while the ownership the land confers legal right to the owner, possession does not. When you own something you hold valid title to it typically a deed for real property. We hope the above explanation to satisfy your query.
LOST CERTIFICATE OF TITLE Q: Hello my name is Juzal, I am so confused, I don’t know what to do. You see only recently after someone approached me with an offer to buy my plot, I came to discover that my certificate of occupancy in nowhere to be seen. I think that it is lost. I do not know what to do. Please help on how I can get a new one? Is it possible? A: Hello MR. Juzal We feel what you are going through but we can assure you that it shall all be okay and you should worry about it since it is possible to get a new one .However you didn’t give us much to go on such as when you realize that you have lost the certificate? Have you report the loss to any police station? And things like that. But basing on what you have told us, the procedure is as follows. First of all you will need to get your official search letter from the Ministry of land and then report the loss to a nearby police station showing them
Ask the Expert Real Estate Laws
your official search letter to prove that you are the owner of the plot. The police will then hand you with a police report. Then you file an application for the new certificate at the Registry at the ministry of land. You will attach the loss report with your application. Section 38 (1) of the Land Registration Act, provides for the approval of the registrar that if the certificate is lost or destroyed, he may give a notice at the applicant’s expense in an official government gazette and in any other local news paper. For doing this you might need help from your advocate to make sure you follow the proper procedures. After 30 days of issuing of the notice by the registrar and during which there has been no one who has come to claim for the certificate then the registrar will issue you a new certificate of the right of the occupancy. As per section 38 (2) of the Land Registration Act, that a new certificate of title issued shall be deemed to replace for all purposes the certificate of title previously issued. If any person has found or discovered the certificate previously issued
then shall surrender it to the registrar for that one year of which he will not be cancellation. around. If the lease agreement does not then you can get into another agreement TENANT that he can pay a year rent and you can Q: Hello my name is Naftal. I am a land keep the house for him. lord and I have a tenant who has being staying at my house for a very long time. He now wants to leave the country but desires Please do send us your question to: to keep renting the house since he will be abcattorneystz@gmail.com/info@ coming back after a year. He has been a abcattorneys.co.tz good tenant and I would like for him to keep or mail it to : the house. What should I do? ABC ATTORNEYS. A: Hello Naftal that’s kind of you, you seem to IT PLAZA, 8th FLOOR, OHIO STREET be a good land lord. You have not mentioned P.O.BOX 105722, DAR-ES-SALAAM if the lease agreement isn’t due or it still going TANZANIA (EA) on. If it exists then when is it due? First you have Tel: +255222110236/0713055195/ to determine such things, if it is due then it will be automatically terminated hence you would 0786624901 be able to get into a new agreement and For more information, you can also keep the new conditions. Another option that read other articles online at you have is to see what your lease agreement www.abcattorneys.co.tz says, if it allows your tenant to sub-lease then, he can sub-lease the house for the period of
FOR RENT
ARUSHA SAKINA - Nairobi road Detached house situated in Arusha ( Sakina Kwa Idd – Nairobi Road ) Open plan kitchen with all and granite worktops, living room and dining room. Friendly neighbors around. Just 12-15 Minutes from Nakumatt Shopping Mall, 18 Minutes from CBD.
00
$8
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Furnished
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165 Square meter
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26 The July 2014August 2014 26 TheDarProperty DarProperty
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G UA R A N T E E
WE MUST FIND A WAY TO MAKE RENTS REALISTIC
I
t costs you more to rent an apartment in the upmarket suburbs of Dar es Salaam than in any other city in East Africa – and, no, that is not cause for celebration. It simply means that living in a modern apartment in Tanzania is far beyond the reach of millions of ordinary Tanzanians. With the country facing an acute shortage of modern houses in major cities, especially Dar es Salaam, the real estate market is hot cake for developers. The National Housing Corporation estimates that this country has a housing deficit of three million units. Yet very few Tanzanians can afford to engage in real estate development. According to analysts, the monthly rates for a two-bedroomed fully furnished apartment located in places like Masaki, Mikocheni and Oyster Bay range between $3,000 (Sh4.8 million) and $8,000 (Sh12.8 million). Data gathered by the global real estate firm, Knight Frank (T) Ltd, indicates that office space in top grade areas stands at $21 (Sh33,600) per square metre. At lower
levels, it is $16 (Sh25,600) per square metre. Prime areas for office rental in Dar will go for between $31 (Sh49,600) and $40 (Sh64,000) per square metre. These figures are way beyond the reach of ordinary Tanzanians, so houses of inferior quality mushroom in locations like Manzese, Tandika, Msasani and Mwananyamala. Comparing Dar to other East African cities raises many questions. In Kampala, the monthly rent per square metre in the centre of the city stands at $20 (Sh32,000) to $25 (Sh40,000). In Nairobi, Knight Frank pegs prime rents for office space at $15 (Sh24,000) per square metre per month. There are two ways to explain these figures. The first is lack of a mechanism to regulate rents in Tanzania and the second is the speculative tendencies of agents. Unless these factors are dealt with, ours will remain a country where decent houses are reserved only for those who are blessed economically By The Citizen- Tanzania
LIST YOUR PROPERTY HERE FOR ONLY TSHS 30,000/= VAT EXCL.
teg eta
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RENT $1000
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RENT 800,000/=
3 Bedroom house, 2 Bathrooms, a servant quarter, a simple nice garden. 0783 989 118
SALE Visiga - Kibaha Has Title Deed No.78281 2,277= SQM 0756 359529/0754 366531 0754 013550/ 0767 010854
SALE 150,000 3 Bedroom, 2 Bathrooms behind Mzee wa Upako Church 0657 376496
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ada est ate -ar ush a
mw eng e
636SQM Gezaulole Temeke Municipality, 0715913814 / 0784913814
RENT 1,000 3 bedrooms house, servant quarter, garage has aluminium doors and windows suitable for an office. 0713 228931
sale 800m 3 bedroom detached house Minutes from Nakumatt Shopping Mall 0783 063005
ubu ngo kib ang u
vis iga kib aha -
kib aha vis iga
mik och eni B gez aul ole
SALE 15m
SALE
Visiga - Kibaha Has Title Deed No.78280 12,200/= SQM 0756 359529/0754 366531 0754 013550/ 0767 010854
SALE Visiga - Kibaha Has Title Deed No.78310 8,907= SQM 0756 359529/0754 366531 0754 013550/ 0767 010854
RENT $1,500
4 Bedrooms, 4 Bathrooms, Fully Furnished Flat, Sea Breeze Near White Sands Africana 0787 277130
SALE $50,000 3 Bedrooms , Dinning, Kitchen 3500sqm, 2 km from Morogoro road. 0759 33 94 95 kib aha vis iga
b
SALE $695,000
Parking, Air condition, Garden 24 Hr Security, servant quarters Tenant paying rent of $3000 per month. 0716777999/0777568899
RENT $650 3 Bedrooms, 2 Bathrooms, Garage, Ac, 4000 litres water tank. 0654 062 835/ 0654 062 984
0754 /0715 - 814780
SALE 100m
1 one acre, Ideal for petrol station 0715/0784 281851
mik och eni -
ubu ngo
SALE 700m
3 Acres - Ubungo Msewe 0718 568 482/ 0758 325 491
AREA: 2400 SQM
aru sha sak ina
kis ara we
mik och eni B
RENT $1000 3 Bedrooms, 3 Bathrooms, , AC , Kitchen, Ample Parking, Garden. 0754 321 712/0766 666 565
sale
3 Bedrooms, 2 Bathrooms RENT & SALE. Fully furnished, Balcony, Ample Car Parking, Master Bedroom 0653 672 333/028 2500 565
mbe zi k wa msu gur i
ma sak i
RENT $2500
Sea view full furnished Apartments Masaki near sea cliff village Mall. generator, elevator and gym. +255 712 358 042
mb ezi bea ch
CLASSIFIEDS
simply call 0767 200 202 classifieds@darproperty.net
RENT 150m 3 bedroom and An auxiliary building, servant quarters 0786259854/0767259854
RENT $2,200 Four bedrooms, next to St . Joseph millennium secondary school 0767264900
Darproperty Mortgage is a mortgage brokerage services offered by DarProperty Tanzania. The service is offered in partership with Local and International mortgage lenders, to ensure seamless process from the mortgage Loan application to closing. 32 The DarProperty August 2014
For Details Contact finance@darproperty.net
The Makeover
fairies
The Mecca of interior designers, Classic Mouldings stock all the most futuristic textured paint finishes in every color to man.
We’ve all watched the makeover programmes on television and marveled at how mediocre room can be give a sparkle of magazine gloss that’s pure melodrama ; how a workday kitchen can be transformed into a backdrop of soufflés and flambés; and how, the wave of color wand ,a drab box of town house can be turned into desirable residence of century. And we have all heard how much value can be added to a home by liberally sprinkling of makeover magic. Trouble is: most of us have no idea how to manage a mojo makeover. But here is the good news: We don’t need to- because Kenya has a magician all of her own. And it’s called Classic Mouldings. Founded in 1991 and located at Kellico Complex, Mombasa Road, Classic Mouldings is a design and construction company with a range of products capable of transforming a bedsit into Bedouin tent, or marionette into a mansion. We have got marble bathrooms of Roman splendor, antebellum pillars of Charlstonian consequence and Venetian stucco paint finishes which are so easy to apply. We’ve also got the know-how and the interior design can advise you as to exactly which ceiling rose and cornice will tur , your living room into a vision of White House Oval Offices; how to make walls look like they’ve been lined in slate, or bamboo or gold tissue or…whatever you like. We will tell you how to put everything from, corbel to Corinthian pillar and offer a complete turnkey design and construction services. So forget waiting until the market goes up, or the market goes down. Seize the day and hoodoo the voodoo make over. It’ll make you money, make the sale, and make you feel better. What’s not to like?
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
GIMCO ESTATE AGENCY LTD Samora Ave, NIC Investment Hse, P.O BOX 8382 Dar es salaam Tel +255 22 2120988 Mob +255-784 900041
PROPERTY CONSULTANCY & SERVICES LTD 2nd Floor Kevin House - Samora Avenue P.O BOX.7152 - Dar Es Salaam +255 22 2120402, +255 713 690 220 info@pcsltd.co.tz www.pcsltd.co.tz
GOLDBERG COMPANY LTD Real Estate & Mining Trade P.O. Box 22159 Dar es Salaam Old Bagamoyo Rd, Mikocheni B, 0715 270 517 / 0754 270 517 goldbergtz@gmail.com www. goldbergtz.com
PRESTIGE PROPERTIES Phone: +255-713-764-447/ 0767471293 Tel:+255-22-266-4373 Email:info@prestigeproperties.co.tz www.prestigeproperties.co.tz SKYMARK REALITIES LTD Zanaki st. - Alimanga bldg Tel: +255 22 2 134422/33
HAMPTONS PROPERTIES TZ Haidery plaza - 1st floor upanga/kisutu street P.O.BOX 6547 DARESSALAAM hamptonspropertiestz@gmail.com, a_kito@yahoo.com 0654 204083/ 0784 323133
Tanganyika Estate Agents Village Walk, close to Sea Cliff Hotel +255 717 032 633 info@tzagents.com
NEW DAY PROPERTY AGENCY COMPANY Mwinyijuma Road - Kinondoni, Room no.84, UVCC Complex +255 753 645 434, +255 717 035 552 +255 767 575 758 www.facebook.com/ raymond samson Laizer
40 The DarProperty August 2014
NIKUZE REAL ESTATE AGENCY Morogoro Road P.O Box 10032 Dar Es Salaam Tel: +255 789/754/715/ 363 800 Email: nikuze@nikuze.com www.nikuze.com PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.com.
+255 755 181 222 www.bryanstonproperties.co.tz info@bryanstonproperties.co.tz
KEY REAL ESTATE SOLUTIONS Regent Chwaku North Ursino Tel: +255 22 2701674 0715 053 803, 0786 053 803, 0754 28 46 84 mariam@keyrealestatesolutionstz.com www.keyrealestatesolutionstz.com
MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710
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 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
ENHANCE YOUR VISIBILTY & CREDIBILITY GET LISTED HERE WITH YOUR LOGO Tshs. 48,500/= Monthly / Tshs. 500,000/= Annually +255 784 23 89 62, 0688 75 18 68 | sales@darproperty.net
PATRONS A wise man will make tools of what comes hand
ADVERTISERS
INDEX
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PATRON PAGE NO EXIM BANK TANZANIA......................................1 BOA BANK TANZANIA......................................1 NEVADA GOLDEN COINS...........1,5,11,21,44 Z DEPTH KENYA...................................................2 LIFEMATE..............................................................3 SISORE TRAVEL...................................................4
NAIROBI +254 728 992 531
AXIS REAL ESTATE KENYA.....................1,34,35 ARUSHA AWESOME HOMES............................6 MAWENI ECO VILLAGE......................................7 TANGANYIKA ESTATE AGENTS.....................8,9
DAR ES SALAAM 022 2780517 0784 238 962 / 0713 751 868 sales@darproperty.net
GALAXY ESTATE MANAGEMENT.....................10 BRAYNSTONE PROPERTIES...............................12 DAVIS & SHIRTLIF.................................................13 TEREX.....................................................................13 TBS.........................................................................16 HONG XING........................................................17
ARUSHA 0787 805 566
AKIBA COMMERCIAL BANK.......................18,19 AFRICAN VILLAGE ESTATE................................20 ABC ATTORNEY............................................21,23 TEMSO.................................................................24
MWANZA 0714 245 779
CG CONSULT.....................................................25 WULKAN..............................................................25 MASUMIN.............................................................26 PALAD INTERNATIONAL.....................................27 CHOKOLE............................................................29 CLASSIC MOULDING.............................37,38,39 JAMII FORUMS....................................................43
RENAISSANCE PLAZA
Renaissance Plaza is an upcoming commercial building located in the prime area of Masaki, conveniently situated on Haile Selaise Road, Masaki. Renaissance Plaza is the ideal location for your new office. It is in close proximity to colosseum Gym, Supermarkets and Restaurants. The modern executive offices and spacious shops have completed ceilings and floors, as well as Central Air-conditioning system. We offer Space for Rent for Offices, Shops, Restaurants and Supermarkets.
Coming Soon
For rental enquiries please contact +255 (0) 689 578 785
md@nevadaproperties.co.tz