Featuring Properties from Tanzania & Kenya
The
www.darproperty.net
September 2017
East Africa’s Ultimate Property Guide
FREE COPY
Issue No 57| ISSN 1821-7753
6YRS OF PROUDLY PUBLISHING THE DARPROPERTY WE HAVE MADE SELLING, RENTING, BUYING OF REAL ESTATE EASIER THAN EVER
THANK YOU
The Darproperty - September 2017 | 1 The Darproperty - August 2015 | 1
33RD ANNUAL CONFERENCE & AGM Engaging the Housing Value Chain for Growth SAVE THE DATE 17th-19th OCT 2017 KAMPALA SERENA HOTEL, UGANDA
Across Africa, the residential investment opportunity is increasingly driving conversations about economic growth. The opportunity is clear: with the fastest rate of urbanisation globally, and a growing middle class, Africa’s demand for affordable housing is increasing at a rapid rate. Governments and the private sector each have an excellent opportunity to gear this interest in support of their growth and investment targets, while also meeting the housing needs of their growing urban populations. In the context of an economic downturn on the African continent, housing creates an important and strategic opportunity to change the narrative and drive growth from within. Housing is all about the value chain. The process of delivering and managing a home – from land assembly through to infrastructure provision, house construction, the sales and transfer process, and then ongoing maintenance and improvements – is highly interdependent drawing on multiple sectors in the economy and departments in government. Any weaknesses along the chain affect the performance of the entire chain: it is as strong as its weakest link. Stakeholders across the continent in the public and private sector are yearning to intervene meaningfully and sustainably in the housing space to harness the growth potential however; this will only be realized if key sector players come together and address these challenges in a concerted manner. This year’s African Union for Housing Finance Conference under the theme, “Engaging the Housing Value Chain for Growth,” brings together key players in Africa’s housing and housing finance industry to chart a way for the betterment of housing across the continent. Focusing on the key links in the chain, the conference will bring together financiers, developers, professionals and policy makers to deliberate on the challenges and explore opportunities. Case studies from across the continent will be presented, with specific focus on the issues these raise for Uganda. Five sessions are planned, to include both international and local speakers: • Opening ceremony: engaging value chain for growth • Financing land and infrastructure for residential property • Building affordable housing to scale • Promoting sustainable investment into affordable housing • Closing: Public and Private Sector building the value chain together Co-hosted by the AUHF and Housing Finance Bank Uganda, the conference will conclude with a Kampala Declaration, to be signed by the members of the African Union for Housing Finance, setting out key issues for attention to engage the housing value chain for growth across the African continent. The conference will be held from the 17th to 19th October 2017 in Uganda at the Kampala Serena Hotel. The Chief Guest and key note speaker will be his Excellency the President of Uganda, Yoweri Kaguta Museveni.
#auhfConference2017 Hosted by: For more information contact: Judith: +256 772 419989, Noluthando: +278 283 43556 Beatrice: +256 782 511058 auhf@housingfinanceafrica.org
Are You Ready To Rent? estimate of the amount you usually spend on personal items should also be included. Ask your parents or other people you know to help you come up with estimates on how much your expenses, like your utilities, cell phone, cable bills and groceries will cost. They might also alert you to additional expenses that you weren’t aware of.
Learn to Budget
A
re you living with your family and thinking about moving into your first apartment? Or maybe you did live independently, got hit by the economy and moved back in with your parents and are now looking to move out again? You’re not alone. According to recent Census data, 24 million Millennials – or nearly one out of every three people between the ages of 18 and 35 – live with their parents. The same percentage of younger people have been living with their parents going back at least 20 years, according to the Census. But what’s different now is that the majority of younger people are earning considerably less than their parents did at the same age, after adjusting for inflation, according to a recent study by the Pew Charitable Trusts. In other words, even for those who are working full time and want to make the move to independence, it’s tougher than it has been in recent history.
Can You Afford to Move? Although you may feel ready to get out on your own, or get back out on your own,
8 | The Darproperty - September 2017
make sure your finances are in order before you take the leap. Take a look at some rental listings in the areas in which you are interested in living and get an idea of how much you’ll have to pay to live there. How much rent can you afford? Some guidelines suggest that you shouldn’t pay more than 25% to 30% of your gross salary for rent. In other words, if you make $30,000 per year, you should look for apartments that cost about $750. If this isn’t realistic in your area, you may have to get a roommate to share the cost. Next, you’ll have to consider your other monthly expenses and whether you’ll be able to pay those bills as well. Do some accounting to determine how your finances will balance out with the added expense of living in your own place. Start with your monthly take-home pay, add any other income you might receive and subtract your other expenses from this number. If you are making payments on a car loan or student loan, be sure to include these amounts in your expenses list. Gas for your car (or a pass for public transportation), insurance (rental and vehicle), cell phone bills and an
What if your expenses turn out to be higher than your income? This is where things get interesting. In short, you’ll have to get out your calculator and make a budget Relying on loans to cover this shortfall is a no-no and is often a dangerous path to major debt. Take a look at your budget. Is there anything in there you could live without or pay less for? Usually, the answer is “yes,” and if you look critically at how you spend your money, you will likely be able to trim your expenses so that they match up with your income, or better yet, so that you have some money left over each month to save in case of an emergency. Also consider that you’ll have to have some savings (or some help) to begin with, as most apartments will make you pay your first and last months’ rent up front, along with a security deposit. There will also be fees for hooking up your utilities to consider, along with moving expenses and the cost of any items you’ll need once you move in. Laundry is also often an additional expense. Finally, you should consider renters’ insurance. Some rental properties will even make you purchase it as part of the lease agreement. Rental insurance is affordable and it can cover damage (such as in a fire) and theft to your belongings. It will also protect you from liability if you cause the damage yourself. While it’s not absolutely necessary, don’t leave it out of your considerations – it might be worth the investment!
Continues On Page No 12
MASAKI, WE’RE BACK!
Our BIGGER and better Chole Road branch is now open
0754 765 508 | info@nabaki.com
Find a Place You Can Call Home Once you have set some parameters in terms of what you can afford, it’s time to start looking for a place to move into. Start by searching internet sites, classified ads and by visiting the neighborhoods where you might like to live. Although you’ll definitely want to find a place that fits your budget, make sure it’s also in a neighborhood you like, are familiar with and feel safe in – what looks like a bargain can turn out to be a nightmare if you feel uncomfortable there, live too far away from your friends and family or have to make a very long commute to your job.
Looking at the Lease Whether you decide to rent month-tomonth or sign a year-long lease, be sure to read what you are agreeing to carefully. The lease should detail how much rent you must pay, when it is due, how long you can occupy the apartment or house and who is responsible for utilities (some leases include them). It will also include rules about pets, roommates and whether you can paint or do improvements. Make sure that you get your lease in writing and that you keep a copy for your records once it is signed. If you’re 12 | The Darproperty - September 2017
unsure about anything in the lease, ask the landlord. If you get an answer you can’t live with – or you don’t get one at all – you should probably keep looking.
The Big Move Once you’ve signed your lease and have a move-in date, it’s time to start working on a list of what you’ll need in your new place. One way to do this is to make a list of what you use regularly for a few days, including kitchen utensils, office supplies and personal items. If you won’t be taking these items with you, you may have to shop for your own. Keep in mind that your first apartment will not have all of the amenities you may be used to and, if you can’t afford to buy them all for yourself right away, you’ll probably have to be resourceful and make use of what you do have. Similarly, if your budget is tight, you may not be able to have new furniture right away. If you don’t have any furniture of your own, start asking family and friends if they have bits and pieces you can buy, have or borrow. You can do the same for any other items you need. You should also stock up on basic items for
your pantry such as pasta, rice, canned goods and frozen foods. Keeping your kitchen well stocked with things you like, know how to cook and are easy to prepare may prevent you from going out to eat, which will help you stay within your new budget.
Independence Day If you’ve done everything right, your utilities should be hooked up, your bags packed and your bills paid. Determine what day you will be moving into your new place and decide how you’ll get your things there. If possible, recruit friends and family to help you move, rather than hiring a mover.
The Bottom Line The transition to making it on your own may not be simple, but if you do it right, you can avoid having to retreat to your parents’ basement. Plus, you’ll develop the skills you need to improve your standard of living as you go along. By Tara Struyk
THE ULTIMATE OUTDOOR SOLUTIONS
MANUFACTURERS
Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924373
CALL ON US NOW! Worry Free - Money Back
RE/MAX targets real estate brokerage business in East Africa
R
eal estate brokerage firm, RE/MAX, is now targeting to capitalise on East Africa’s real estate sector. This comes after the Global Vice President of company, Larry Oberly, visited the East African Region recently amid efforts to announce his business mission in the region. Oberly’s business mission saw him visit Tanzania, Uganda before concluding in Kenya where he met and engaged with the RE/MAX Kenya team and other stakeholders at a dinner hosted in his honor. He said Kenya is currently a leader in growing competition in the Real Estate Sector and with immense opportunities that any investor would be keen to capitalise on. The RE/MAX business model provides opportunities for individuals to achieve financial freedom by becoming RE/MAX brokers and independently running their own RE/ MAX brokerages. In addition to becoming their own bosses and managing their own businesses once they buy the fran-
16 | The Darproperty - September 2017
chise, they also provide a chain of employment opportunities in the real estate sector and play a major role in the growth of the economy. Larry stressed the opportunity for financial freedom RE/MAX provides its sales associates and agents. Prior to his visit, Ian Repa, the Director Global Business & Franchising Solutions, Cheryl Luster, Senior Regional Development Consultant as well as Chip Brekken, the Director Global Development all from RE/MAX World HQ in Denver, have previously been to the country to make an assessment of the state of RE/MAX businesses and its impact on the Africa Real Estate Market.
The Darproperty - August 2017 | 17
AFrICA ProPerTY oFFers rICH PICKInGs For THe BrAVe
I
nvestment returns from real estate in Africa’s rapidly expanding economies considerably exceed those achievable in most other global property markets. SOME property pundits believe there are major opportunities for investors or companies on the continent. While most pundits will agree that the saying “Africa is not for sissies” rings true when it comes to property investment, some commentators believe there are major opportunities for investors on the continent. Over the past decades, it has been burned into most people’s minds that Africa is a continent of economic and social distress plagued by constant strife, its institutions being rife with corruption and lacking governance. This might be true for the handful of Africa’s failed states that certainly exist, but is not the case for most of the continent’s nations,
18 | The Darproperty - September 2017
which in fact enjoy robust political and economic progress, and are outnumbering the few chaos countries by far. Many people make the mistake of underestimating the continent, particularly in terms of investment opportunities, for example in real estate. Yes, Africa’s real estate markets have traditionally lagged behind those of developed and most developing economies, and the level of property investment in SubSaharan Africa is still comparably low, while tapping potential opportunities sometimes can be met by practical challenges. Nonetheless, most of Africa is not standing still, but moving up the development ladder at an impressive pace. “Africa’s economic growth began to accelerate around the turn of the century, following several decades of economic stagnation,” says Peter Welborn, head of Africa at property firm Knight Frank.
“Since 2000, Africa has averaged growth of over 5 per cent per year. The larger emerging economies of this region, such as Nigeria, Kenya, Angola and Ethiopia, have increasingly been the key drivers of the continent’s growth. “Tanzania, Rwanda, Ivory Coast and Senegal have also emerged as star performers.” There are a couple of factors that will drive the African real estate sector in the mid term. One is the continent’s population boom. Africa’s population currently stands at over 1 billion and is expected to reach 2.4 billion in just 40 years. This means that in the coming decades, hundreds of millions of Africans will need additional roofs over their heads. “This population growth is the strongest underlying reason for the huge demand for accommodation and real estate properties
across Africa,” says John-Paul Iwuoha, founder and head of Smallstarter Africa, an investment and entrepreneurship community based in Lagos, Nigeria. Calling Africa “the hottest property market in the world”, Iwuoha points out the huge number of people migrating into urban areas in search of jobs and business opportunities. “Going by the current estimates, 300 million more Africans will become city people and urban dwellers by 2030,” Iwuoha says. GCC developers This will not only interest private property investors, but also GCC developers. Moreover, governments are not doing enough to solve the housing shortage, which brings opportunities for private developers and foreign investors. The rise of the urban middle class and the increasing number of expats lured by rapid economic growth are also encouraging modern retail and office developments in many of Africa’s major cities. “The retail sector will develop rapidly as growing populations and a burgeoning middle class demand greater volumes of more varied goods,” says Ilse French, Africa real estate leader at consultancy PwC. “The need for economic diversification will support the expansion
Continues On Page No 20 The Darproperty - August 2015 | 19
of non-resource sectors and investment opportunities will arise through an increase in demand for real estate from these sectors.” According to Welborn, in Africa the global slump in oil prices has been balanced out by other industries. “Real estate demand stemming from oil companies and the associated service supply sector has eased in all the African oil-driven markets,” he says. “Conversely, in the retail sector, the demand across Africa from the growing middle class has continued to create a marked increase in activity, particularly in the francophone countries. his increase in tenant demand has encouraged new schemes to be proposed. Abidjan, the economic capital of Ivory Coast, is a really good example where the proposed schemes are supported by offshore investors.” Sub-Saharan Africa’s largest cities are currently some of the fastest-growing urban areas in the world. UN forecasts say that the populations of Lagos, Kinshasa and Luanda will all grow by more than 70 per cent during the 20102025 period, while Dar es Salaam, Kampala and Lusaka are expected to double in size. Lagos has already overtaken Cairo as Africa’s biggest city, and its population may 20 | The Darproperty - September 2017
be close to 40 million by 2050, making it a truly global megacity. This is already creating shortages and a considerable impact on property prices. “Prime office rents in Luanda, Angola, are among the highest in the world at $150 [Dh551] per square metre per month,” says Welborn. According to PwC, other key growth drivers for Africa’s property market are ongoing industrialisation, which is funded by foreign investors, namely China, and growing intraAfrican trade and investment. Going green Many developers in Africa are also adopting modern construction practices, including eco-friendly technologies such as solar building integration, climateresponsive building strategies, renewable building materials, recycling and reuse, ecological building materials, low-cost design and the use of innovative design tools. This can be seen, among others, in new urban developments such at One Airport Square in Ghana, Konza City in Kenya, Eko-Atlantic in Nigeria and Roma Park in Zambia — these countries also have the most progressive property markets in Africa alongside South Africa, Angola,
Mozambique, Tanzania, Namibia and Mauritius, according to PwC. Furthermore, Nigeria is now recognised as Africa’s largest economy as per its current GDP, ahead of South Africa and Egypt. Large cities in fast-growing African nations will continue to attract more and more people, driving the growth of the real estate market. Consequently, affordability could become an issue, leading to greater urban density and smaller apartments. Developers that will succeed are ones that are innovative and efficient about how they design and build real estate. To that end, construction techniques such as prefabricated buildings and 3D printing offer new potential for fast, cheap and eco-friendly development. Challenges and risks It, however, remains to be said that many African countries remain challenging places to do business in general, let alone invest in property. According to the Doing Business 2016 report issued by the World Bank, no less than 21 African countries are among the bottom 30 business-ready in the world. With regards to Sub-Saharan states, just three have a favourable long-term
Continues On Page No 32
The Darproperty Real Estate Forum (SERIES 2). at Hyatt Regency, The Kilimanjaro Hotel
24 | The Darproperty - July 2017
reAL esTATe The ABCs of reAL esTATe MArKeT Fair market rent the amount that a property would command if it were now available for lease. Contrast with contract rent. example: The fair market rent for an apartment is estimated at $800 per month. Under section 8 the tenant is required to pay 20% of her income toward rent; the landlord would receive payment from the government to make up the difference. distressed Property real estate that is under foreclosure or impending foreclosure because of I insufficient income production. example: An apartment is financed with mortgages that require r$25,000 in Annual debt service. Because of high vacancies and rising expenses. Net operation income drops to $20,000. The owners have ceased making loan payment because their resources are insufficient to pay the negative cash flow. The property is considered distressed property. Letter of Credit an arrangement with specified conditions, whereby a bank agrees to substitute its credit for a customer’s. example: Abel, from Atlanta, wishes to buy property from Baker in Boston. Abel arrange a letter of credit with the Atlanta Trust Company Bank to pay Baker upon Closing in Boston. reversionary Interest the interest a person has in property upon the termination of the preceding Estate. example: Abel is the remainder man in property that was granted to Baker for life. Pent House a luxury housing unit located on the top floor of a high rise building. example: A penthouse Mortgage Pool a collection of loan similar nature that are sold as a unit in the secondary market or used to back a security that in then sold in the capital markets. example: Lenders Mortgage Company packaged a mortgage pool consisting of $50 million worth of VA guaranteed loans. The package was sold to a group of investors who each put a minimum of $25,000. Land sale Leaseback the sale of land and simultaneous leasing of it by the seller, who becomes the Tenant. example: Collins owns land and wants to raise cash to build a shopping centre on it. She sells the land for $1,000,000 to Baker and leases in back for 50 year at he$50,000 annual rent. Collins can use the land for the lease term provided she pays the annual rent, so she builds she shopping centre after the land sale leaseback. The reduced requirement (reduced by $1,000,000) combined with tax deductible land rent, can serve to elevate the after- tax equity yield.- free ex realized Gain in a tax- free exchange, a gain that has occurred financially, but is not necessary taxed. example: Abel’s land has a tax Basis of $10,000. It market value is $75,000. He exchanges the land, tax-free under Section 1031, for Baker’s warehouse, which was appraised at $75,000. Abel’s realized gain is $65,000. None of Abel’s realized gain is recognized, because he did not receive boot.
The Darproperty expo 2017@ the new Dodoma Hotel - Dodoma
28 | The Darproperty - August 2017
The Darproperty expo 2017@ the new Arusha Hotel - ARUSHA
The Darproperty - August 2017 | 29 The Darproperty - August 2015 | 29
30 | The Darproperty - September 2017
investment rating: Kenya, South Africa and Tanzania. However, this doesn’t necessarily mean that property investors should generally shy away from the continent, but rather prepare and get local assistance to conduct deals. “Africa’s property markets require careful navigation and international investors and businesses attracted by Africa’s recent progress need to look beyond the macro growth story and understand the micro environment of individual markets,” says Welborn. He concedes that, by global standards, most property investment markets in Africa are somewhat opaque and rather small. “But there are opportunities across Africa for the development of well-located, wellplanned properties suited to local market demand,” he says. “The need for high-quality commercial and residential real estate will only increase as the economies of Sub-Saharan Africa grow in importance on the global stage. “The challenge for both property developers and investors to ensure that the impact and timing of planned infrastructure projects on the growth of their capital city is fully understood. 32 | The Darproperty - September 2017
The timing and the use mix being a key component to ensure real success.” The importance of a local partner when investing in African real estate is probably greater than elsewhere. Africa has 54 very different countries with different legal systems and different modes of compliance to these systems. There is in fact no simple answer to the question of which countries are the best to invest in real estate. Adding to that, legal certainty can be an issue in politically unstable countries or countries with frequently changing government policies, which requires complex legal considerations with regards to property ownership rights and investment regulations, as well as exit strategies. Last but not least, the volatility of local currencies against the US dollar also needs to be taken into account. On the other hand, these risks need to be weighed against significant rewards. Investment returns from real estate in Africa’s rapidly expanding economies considerably exceed those achievable in most other global property markets. International property funds with a higher exposure to Africa forecast no less than 20
per cent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries across Africa. And because the continent has so much catching up to do, opportunities span across almost every sector and market segment. Demand for high-quality retail, office and industrial space continues to outstrip supply as international and local tenants keep riding the wave of new economic opportunities. Furthermore, the massive shortfall in residential property across the continent means opportunities for private development on a large scale, and the lack of public funds for such projects provides a wide platform for public-private partnerships. Apart from that, changing consumer behaviour and rising spending power create demand for different types of real estate, opening up avenues for more specialised developers and niche investors into the market. “Risk appetite remains an important consideration for any investor in Africa, but for those that can accept and manage these risks, there are significant rewards on offer from the right investment,” says French. By: Africa Property News
LIST YOUR PROPERTY HERE FOR ONLY TSHS 50,000/= VAT EXCL.
CLASSIFIEDS MIK OC HEN
I
BA GA M NI GA
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 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
FOR SALE 3 Billion TZS
ES
SAL
MW AN
KIM
AR
A, D AR
ILE ME LA -
MA SAK I
MS MLAS ANANI DIZ I
SALE 18 acres property for sale at masaki peninsular ideal for investment project. Negotiable Price 0763 382 231
FOR RENT $ 376,000
SALE 70,000,000 TZS
It has residential license,It is in a good condition Modern iron sheets, Alminum window and tiles Not fall away from the road(sqm 30*40) +255 717 731 191
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 40m Plot for sale at Kibada, 765sqm Block 15 near main road with the title deed 0713 803 069
SALE TSH 45m Tegeta Mivumoni, 1600sqm Plot for sale at Tegeta, Mivumoni. no title deed 0713 803 069
BO KO
TPD KAW E
TEG
ETA
UK ON
FG
GA
RO
UN
DS
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
AAM
ZA
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
KIN
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
KIG A
GO MA KO N
MB ON I
CH BEA MB
EZI
Ilem ela
,M wa nz
a
Full water supplu,Luku free space located in good street (Planned),It has residential license. Not fall away from main road +255 717 731191
TZS 9,798,437 House For Rent, Ilemela, Mwanza 3bedroom house for rent at nyamhongolo, ilemela mwanza, 2850.0 (Sqm) 3 Rooms 0755 722 222
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
RENT $22
MP
AM
MIK OC
KIG
Plot for rent Tanga Well fenced more than 30 acres plot at kasela. 0754 324064 0754 529 829
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 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
BO AM
HEN
NI BO AM
GA TAN
RENT
RENT $400
Fully furnished apartments for rent in Goba, Studio (usd 400) one bedroom (Usd 500), 2 bedroom (usd 1000) Call: 0658696840 I
790 sqm to let, ideal for super maket, bank,clinic. 22 USD per sqm inclusive of service charge 0763 382 231
KIG
RENT $5000
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
NI
Plot for sale in Masaki Off-Mwaya road Price: USD 1.5m negotiable Plot size: 1,777sq.m Call: 0658696840
OD YO
SALE $ 1.5m SALE
IJI
EZI MB
MA
MA
SAK
I
SAK
I
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
Sale 30,000,000 TZS Plot For Sale, Kigamboni, Dar Es Salaam 2km from Kigamboni bridge 5km from ferry 0784238962
The Darproperty - September 2017 | 37 The Darproperty - August 2015 | 37
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
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
PROLAND REALTORS LTD 6th Floor, Maendeleo House, Monrovia Street P.O Box 29509-00100 Nairobi Tel: +254 720 353437 www.prolandrealtors.co.ke
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
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
COMING SOON RWANDA REAL ESTATE AGENCY DIRECTORY
HALIFAX ESTATE AGENCY LTD Crossway Road, Westlands Tel: 3741269/3740306 info@halifaxestate.com www.halifaxestate.com ENHANCE YOUR VISIBILTY & CREDIBILITY GET LISTED HERE WITH YOUR LOGO Kshs. 2,500/= Monthly / Kshs. 25,000/= Annually +255 784 23 89 62, +254 720 35 34 37 | sales@darproperty.net
PATRONS
Publisher
Darproperty Tanzania Editor In Chief
ADVERTISERS
Larson Chumi
INDEX
editor@darproperty.net
Business Development & Products
Abdallah Mugasa Designs & Layouts
Dennis Maunga Mussa Khamis
dennis@darproperty.net
Marketing & Sales
Michael Francis
If you like what you are reading Buy from our Advertisers, remember to mention you saw thei Advert in this magazine
PATRON
michael@darproperty.net
Bank of Africa............................................................1
Distribution
Blue sky........................................................................13
Boniface Metta Online Content Manager
Mbwana Mbura Aloyce Philipo
Finance Administration Manager Ismail Mutanda
China Gold Dev. Group........................................31 City Plaza.......................................................................1 City Plaza.......................................................................5 Crdb PLC..........................................................................2
Public Relation Officer Elizabeth Sanawa
Decostone....................................................................7
Accounts Executives Grey Mateni Moreen Mrema Lucynancy John
Godown rk Chudasama.....................................11
Office Assistant.
Brigita Laurance Anorld Manda Regulatory & Legal Advisors
Energy Gold.............................................................27 House Finance Bank.................................................6 Kheri Mawazo............................................................10 Makurunge Estate...................................................43 Marina Tower.....................................................28,29
ABC Attorneys
Mpanji...........................................................................44
Mikocheni B - Bima road, P.O. Box 105499 Dar es Salaam +255 22 2780 517 +255 784 238 962, +255 713 751 868 info@darproperty.net
mrg................................................................................21
Distribution Should you have problems in obtaining copies of DarProperty Magazine, please contact
Reef Apartment ...........................................................4
+255 713 888 036 +255 717 270 791
For Comments, Complains & Compliments pr@darproperty.net Country Director - Kenya Xavier Nanchengwa
Nabaki Africa...............................................................9 Nile Mechinery......................................................................9 Shanghai....................................................................37 solomon Haule.......................................................10 Sun share.......................................................................3 Tabata - Bima..............................................................30 Tanga Cement..............................................................1 Viny Complex 14,15
Disclaimer The Darproperty is published by Darproperty Tanzania Company. All rights reserved. The contents and opinions expressed herein are not necessarily the representation of publisher’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.
William sayi & Mwesigwa Kazaura win tech
33
31
This magazine is registered by the government of United Republic of Tanzania under the newspaper Act no. 3 of 1976 and the Postmaster General. Registration No. 00005562
r