Featuring Properties from Tanzania & Kenya
The
www.darproperty.net
September 2015
East Africa’s Ultimate Property Guide
FREE COPY
Issue No 42 | ISSN 1821-7753
NOW IN MTWARA | +255 754 864 426 | +255 22 2138058 | info@realinsurance.co.tz | www.realinsurance.co.tz
The Darproperty - September 2015 |1 The Darproperty - August 2015 | 1
P.O. Box 1950 Dar Es Salaam, Tanzania +255 784 108 600 twiga.sales@twigacement.com +255 784 108 609 2www.twigacement.com | The Darproperty - September 2015
The Darproperty - September 2015 |3 The Darproperty - August 2015 | 3
OFFICE SPACE AVAILABLE
Along Nyerere rd, next to Dar Group Hospital - TAZARA
Ample Parking Space | Wireless Internet | CCTV Cameras | A/C | Security Warehouse a total of 480 sqm, Office spaces from 360 sqm to 65 sqm Showroom space available for Banks and Big Shops
comfort@mek-one.com | +255 718 195 495
4 | The Darproperty - September 2015
”Tanz ani a´ sl eadi ngl and& pr oper t ybr oker ” www. t z agent s . com DaresSal aam
FOR RENT Regent Estate -3 b/r $ 2,200 / month
FOR RENT Kawe – 5 b/r $ 2,500 / month
FOR RENT Mikocheni – 3 b/r $ 2,300 / month
FOR RENT Masaki – 4 b/r $ 5,000 / month
FOR SALE Usa River – 10 acres $ 120,000
FOR RENT Baraa – 2/3 b/r $ 500 / month
Ar us ha
FOR RENT Sakina – 4 b/r $ 600 / month
FOR RENT Njiro - 4 b/r $ 400 / month
TheCoas t
FOR SALE Pangani – 2 b/r $ 200,000
FOR SALE Pangani – Hotel plot $ 150,000
FOR RENT Beach Villa – 3 b/r Price on request
FOR SALE Ushongo – 6 acres $ 250,000
Cont act DaresSal aam
Raphael Nondi
ManagerDaresSal aam Tel . +255717032633 r aphael . nondi @t z agent s . com
Ar us ha
Anders Wehtje
Founder Tel . +255785984467 ander s . weht j e@t z agent s . com
TheCoas t
Annabel Burdes
Par t nerTanga/Pangani Tel . +255784632529 annabel . bur des @t z agent s . com
Pr oper t yoft hemont h! Ar us ha-ThemiHi l l-$950, 000
PHOTO
PHOTO
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Thi si spr obabl yoneoft hebes tpr oper t i esi ncent r alAr us haasoft oday , l ocat edona1, 3acr epl otonThemiHi l l . 4b/ r , 3oft hes ebei ngens ui t e. Mas t erbedr oom wi t hwal ki ncl os etand“wi nt ergar den�bat h. Spaci ous di ni ng-/l i vi ngr oom i nopenpl ani ndi f f er entl e v el s . Lar geki t chenwi t h pant r y . Gues t hous ewi t h2b/ r , bot hens ui t e. St af fquar t er sands t or ages pace. Thehous ei ss ur r oundedbyv er andahspr ovi di ngvi e wsofbot hMtMer uand MtKi l i manj ar o. Awonder f ul , par kl i ke, gr eengar denwi t hmat ur eand amaz i ngt r eesandv eget at i on. Pl ent yofpar ki ng, i ncl udi ngcarpor t . AUWSA wat erandr es er v et anks . Tanes copowerwi t hgener at or . Thepr oper t ycomes wi t hacl eant i t l edeed. Thi si suni ques opl eas ecomeandha v eal ook!
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I was a good reader of The Darproperty magazine, once my project was completed in Bunju I decided to give try by advertising on it. I was impressed with the amount 100s of enquiries I received, this helped me to pick the best of them all, and although I advertised for a single edition I continued to receive inquires for the next four months. I commend the effort done by the Darproperty team, the magazine has brought tremendous positive transformation in the real estate sub sector. Now people can understand the real estate market dynamics not only in Dar es Salaam but also to as far as Mwanza, Zanzibar, Arusha and Nairobi, furthermore issues regarding mortgages and property buying due diligence process are well articulated in your editions. Keep up the good work!
Sabuni Kamwano Founder – Mabea Estate LTD
To me The Darproperty is the leading magazine in Tanzania if not in the East African region. I have been advertising with it for the past 4 years and I have not bothered to try any other, the results are excellent. I have grown my business from a mere fabricator to a renowned supplier car shades, gazebos, electrical gates and umbrellas. The magazine has helped me secure deals from individuals to corporates, Diplomatic missions, Government agencies to multinational organizations, from the corners of Zanzibar to the hills of Tanga, to as far as Arusha. I am very much impressed!
Naja Assey Managing Director – Chokole Investment LTD.
TANZANIA +255 784 23 89 62 +255 713 75 18 68 sales@darproperty.net
Join Our Happy Clients: Advertise with us.
KENYA +254 720 353 437 sales@darproperty.net
Avic buys 38.9% stake in Two Rivers Project.
• Two rivers is owned by Centum Investment where Chris Kirubi is the majority shareholder. • Project value is USD 155 million. • Two River is a mixed use real estate development • The total gross lettable area is 62,000 square metre • Avic buys 38.9% stake for USD 70 million. • Estimated launch date OCTOBER 2015
T
he Two Rivers, a mixed use real estate development house in Runda, Nairobi. Is said to be the biggest mall in Kenya and East Africa. The project is sitting on a 102 acres parcel of land, said to be acquired from the famously known Koinange family in a transaction estimated to be not less than KSh. 1.billion. The development
16 | The Darproperty - September 2015
is located in the so called, diplomatic blue zone and is less than ten minutes’ drive from the UN Complex, the US Embassy and the Canadian Embassy. The project unseated recently launched Garden City mega mall which measures 50,000 metre square, while it measures 62,000 square metre of gross lettable are (GLA). Of the 62,000 square meters of GLA retail tenants, just under 50% are international clients including international supermarket chain, Carrefour hypermarket on 10,000 square feet as the anchor tenant. Carrefour is French origin retailer and second world`s largest retailer after Walmart. The outlet will be the second Carrefour in Africa and the first in the region. Centum Investment’s Two Rivers Development has attracted $155 million (Sh14.3 billion) in new funding, including one of the biggest
equity investments by a Chinese firm, Aviation Industry Corporation of China (Avic). Avic, the main contractor for project, had invested Sh6.4 billion in Two Rivers for a 38.9 per cent stake – valuing the project at about Sh16.6 billion. “The investment by Avic is particularly noteworthy being one of the largest foreign direct investments in this region by a Chinese corporation into a private enterprise,” Centum said in a statement. Centum also disclosed that state-owned investment firm ICDC, which also holds a 23 per cent stake in Centum, had made a Sh462.5 million equity investment while Co-operative Bank had contributed Sh7.2 billion in debt funding for the project. Centum has, in recent years, raised billions of shillings for the Two Rivers and other projects it has undertaken to diversify from
Market Insights
image:courtsey of thecontinentmag
stock market investments. In February 2013 the company raised Sh4.2 billion by issuing a corporate bond and recently opened talks with institutional investors with the aim of raising as much as Sh8 billion through another bond. “The characteristics of the asset offer an opportunity to design a REIT around it, in turn creating a long term dollar asset which is highly liquid and desirable for institutional investors,” says the report. Two Rivers is expected to generate $25 million (Sh2.3 billion) in annual rental income, representing a yield of around 14 per cent in dollar terms. The firm has a Sh34.5 billion portfolio with real estate accounting for the lion’s share at Sh11.85 billion. The Two Rivers mall consists of medium density residential homes, a five-star hotel, office blocks and a shopping centre. The project, which is managed by Athena Properties Ltd., will be compliant with international green standards, featuring luxurious residential apartments and lowrise office blocks being built by the China National Aero-Technology International Engineering Corporation (CATIC) and local sub-contractors. By staff writer.
image: courtesy of skyscrapercity The Darproperty - September 2015 |17 The Darproperty - August 2015 | 17
samsa real estate ltd “Where customer needs are fulfilled”
Make yourself at Home, Samsa Real Estates offers a personally inspected selection of privately owned, furnished accomodations for rent which includes everything quality, heritage stlyed homes to luxury downtown apartments.
FEATURES: Offices Fully furnished Swimming pool Modern kitchen appliances Fully equipped gym Air conditioning Standby generator Elevator 24hrs Ample parking DSTv connection High-end security & CCTV cameras 24 hour Management service
CONTACT US: +255 22 2181918. +255 22 2181941, +255 784 440272, sas007tz@yahoo.com Plot No. 84/36G Rashid Kawawa Road Opp. Biafra Play Ground Kinondoni
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22 | The Darproperty - September 2015
The Darproperty - September 2015 |23 The Darproperty - August 2015 | 23
THE HIDDEN COSTS OF BUYING HOUSE IN TANZANIA
B
uying a house is the one of the most interesting decision among many people in Tanzania especially first time buyers, this is because, the process of buying a house involves many costs some of which might be well known and others are hidden. Buying a house is the most prestigious thing in many societies in Tanzania. One may be well aware of how expensive it is to buy a house but may not have thought through all of the smaller costs. It’s not just a mortgage that you will need to keep on top of among the additional costs that need to be covered in buying a home, but there are other minor costs like legal fees, surveyor’s fees and stamp duty fees. DEPOSIT COST One of the biggest costs that you will have to account for is the deposit you will need to pay for your property. Deposits typically range between 10 per cent and 20 per cent. Generally the bigger the deposit you can pay the more likely you are to secure a mortgage with a lower interest rate. VALUATION COST If you are arranging to get a mortgage, the lender will send a valuer to check out the property and make sure it is worth the amount they are lending you. Lenders do this so that in a worst case scenario where
24 | The Darproperty - September 2015
a borrower fails to pay their monthly mortgage payments, they can repossess the property and still get some money back from it when it is sold. There is a good chance you will have to pay for a valuation. Typically, they start from about Tshs 650,000 and can rise to as much as Tshs 2 millions depending on the value of the property. Almost all lenders in Tanzania are not charge for a valuation but they have the list of accredited valuers.
charge by a set amount or calculate their fee as a percentage based on the price of your property.
MORTGAGE FACILITATION FEES You will have to pay your lender a fee for processing your funds for your mortgage. This varies according to the lender, usually facilitation fees can be charged as a percentage of the overall loan and on average the facilitation range from 1 per cent and 2 per cent.
STAMP DUTY FEES Stamp duty tax is a tax charged on all purchases of houses, flats, land and buildings in Tanzania, Stamp duty can be a fairly hefty charge, so it’s important to factor it into your budget. The amount of stamp duty buyers pay varies depending on the price of the property. The stamp duty rate in Tanzania is 1 per cent of the gross selling price.
CONVEYANCING FEES/LAWYER FEES To help you through the property buying process you will need to hire a lawyer to handle the legal aspects of the purchase, otherwise known as conveyancing. Their responsibilities usually include drawing up contracts, dealing with Land Registry, sorting out the payment of stamp duty and transferring the payment for your property. Fees for these services vary, but it is advisable to get a quote upfront before the lawyer does any work. Some lawyers
TRANSFER FEE Your property has to be registered with the Government’s Land Registry department. A small fee is charged, according to the ministry of land and human settlements the transfer fees involve notice of its intention to transfer Tshs 2000 and approval of the transfer application Tshs 5000.
It’s not just a mortgage that you will need to keep on top of among the additional costs that need to be covered in buying a home, but there are other minor costs like legal fees, surveyor’s fees and stamp duty fees.
Quality products from BRC
Standard specification ITEM
STANDARD
STANDARD
STANDARD
STANDARD
#
REFERENCE
SHEET SIZE (MM)
SPACING (PITCH
DIAMETER (MM)
LENGTH WIDTH
MAIN
CROSS MAIN
CROSS
00
Regular
2400
1200
150
150
4.5
4.5
01
A84
2400
1200
200
200
4.5
4.5
02
A98
2400
1200
200
200
5
5
03
A125
2400
1200
200
200
5.5
5.5
04
A142
2400
1200
200
200
6
6
05
A193
2400
1200
200
200
7
7
06
A252
2400
1200
200
200
8
8
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“Mwanza’s most leading property agent”
+255 767 245 779
www.mwanzaestate.co FOR RENT - Bwiru
OFFICE FOR RENT - Mwaloni
FLAT FOR RENT - Ilemela
FOR RENT - Capri point
$1000 $2200 $1000 6 Bedrooms 7 Bathrooms 5 Rooms, Conference Hall, 3 Bedrooms 360 Balcony Air condition Swimming pool Main road located, 2 Kitchens 4 Bathrooms Near main road Hot water Strong room,generator room Ample parking area
$1000 3 Bedrooms 3 Bathrooms Basement
FOR RENT - Buswelu
FOR SALE - Capri point
$4000
Tshs. 340,000/= 3 Bedrooms Ample parking Wire fenced
FOR RENT - Capri point
$1000 $350 2 Bathrooms 4 Bedrooms Security guards 4 Bathrooms Lake view Ample parking area
FOR RENT - Nyegezi
Tsh. 420,000/=
$300,000 $600 3 Bedrooms 2 Bathrooms 3 Bedrooms,1465 Square Fenced meters, Ideal location Ample parking Near town
FOR SALE - Capri point
PLOT FOR SALE - Igogo
$250,000 $400 3 Bedrooms Servant quoter Near town 1493 Square meters
Tshs. 160m
1500 Square meters 4 bedroom house included Near main road
900 Square meters Fully fenced Located by the main road
546 Square meters Nyerere road Near traffic light
FOR SALE - Luchelele
FOR SALE - Luchelele
FOR RENT - Bugando
FOR SALE - Ilemela
Tshs. 1,600,000/-
Tsh. 71m
Tsh. 290m
1 Acres Lake shore Accessible Near Jembe Beach
Tourist Lodge Peninsula with over 1km of waterfront
Garden Lake view
GODOWN FOR RENT - Igogo
$3600
OFFICE FOR RENT-Nyerere rd.
$4000
3 Bedrooms 3 washrooms Airport view Hot water ample parking 1000 Square Meters Near Hindu Mandal hospital
The Darproperty - September 2015 |27 The Darproperty - August 2015 | 27
REAL ESTATE The ABCs of REAL ESTATE MARKET VACANCY RATE the percentage of all units or space that is unoccupied or not rented. On a PRE-FORMA income STATEMENT projected vacancy rate is used to estimate the vacancy allowance, which is deducted from potential GROSS INCOME to derive effective gross income. Example: for the vacancy rate for apartment units in boom city is currently 4.5%. For the Hightower Building, the vacancy rate is 9.5% (of 100,000 square feet of net leasable area, 9.500 square feet are not rented). If this 9.5% vacancy rate is expected to be average through nest year a vacancy allowance of $95,000n (at $10 per square foot) should be deducted from potential rent when projecting income UNDEREMPLOYMENT a structure or development of lower cost than the highest and best use of the site. Contrast over improvement. Example construction of a $80,000 bungalow on a vacant lot in a neighborhood of $300,000 homes would represent an underemployment of the site. PLEDGED ACCOUNT MORTGAGE (PAM) a type of home purchase loan under which a sum of cash contributed by the owner is set aside in an account pledged to the lender. The account is drawn down during the initial years of the loan to supplement periodic mortgages payments. The effect is to reduce the payment amounts in early years. See graduated payment mortgage. Compare with collateral. Example: Abel obtain a pledged account mortgage. The loan principal is $40,000 and makes a down payment of $10,000 $5,000 of this amount is put in a pledged account. Abel makes payments based on a mortgage principal of $45.000 but the payments are reduced in the first 3 years by drawing upon the $5,000 pledged account. NONRESIDENTIAL 1. Refers to property other than housing, such as office buildings, hoping centers, industrial parks, churches, or hotels, Example: Real estate brokerage firms and mortgage bankers many divide their operations between residential often the nonresidential portion is called commercial and investment. 2. In taxation, when less than 80% of rent is from dwelling units, the owners cannot claim depreciable lives appropriate for nonresidential property. Example: a downtown apartment building derives 25% of its revenues from a first –floor lunchroom. Consequently, the owners have to use the longer depreciable lives appropriate for nonresidential properties. NOTICE OF DEFAULT A letter sent to a defaulting party as a remainder of the default. May state a grace period and the penalties for failing to cure the default. Example: Vacation lot sales crop sent a notice of default to Abel. It offered a 7 day grace period, after which they would consider his interest as forfeited unless he paid the installment in default. UNRECORDED DEED an instrument that transfers titles form ne party (Grantor) to another party (grantee) without providing public Notice of change in ownership. Recording is essential to protect one’s interest in real estate. Example Uncas purchases a lakefront lot from Upson. At closing Uncas receives a deed but fails to record it at the county court courthouse. In the meantime, Upson fraudulently sells the lot to Ustinov suctiov’s attorney does a title search but because of the unrecorded deed does not turn up the sale to Uncas. When Uncas discovers what has occurred he is forced the sale to Uncas. When Uncas discovers what has occurred he is forced to pursue legal proceedings against Upson for recovery. Ustinov who purchased in good faith owns the land
Chesan
CHESAN APARTMENTS are elegantly designed 3 bedroom luxury apartments located in Kileleshwa along Gatundu Road. It comprises of 56 units within an acre of land.
APARTMENTS
KILELESHWA
3 Bedroom master en suite with SQ
Price:
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th
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investment limited
Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924 373
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G UA R A N T E E
RUNDA MIMOSA
TO LET: Kshs.400,000/= per month. Ref. 69
A spacious double storey house on ½ acre in this secure residential area. Bedrooms, Cloakroom & Kitchen. Garage, 2 Staff Rooms.
LOWER KABETE – OFF GENERAL FOR SALE: Kshs. 38 million. MATHENGE DRIVE Ref. 47
MUTHAIGA
TO LET: Kshs.140,000/= per month. Kshs.5,000/= (Service charge) Ref. 52
A double storey GUESTWING in a secure and neat compound. Living Room, Dining Room, 2 Bedrooms, 2 Bathrooms (1 Ensuite), Cloakroom & Kitchen.
RUNDA – OFF RUAKA ROAD
FOR SALE: Kshs. 100 million. Ref. 10
A modern and secure FOURTH FLOOR APARTMENT conveniently A cozy house on ½ acre of mature garden in this secure part of Runda situated in a development of 15 at the junction of Kabete Lane & General Estate. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (1 Ensuite), Mathenge. Lounge, Dining Room, 4 Bedrooms, 3 Bathrooms with bide (2 Kitchen & Study. Includes 2 Ensuite Guestrooms. Ensuite), Cloakroom, Kitchen & Utility Room. Swimming Pool, Inverter for power backup, 1 DSQ, 2 Car Parks.
LAVINGTON, O WASHIKA ROAD
FOR SALE: PRICE GUIDE: Kshs. 190 Million. (Offers Invited) – OFF ISAAC GATHANJU ROAD Ref. 74
FOR SALE: KAREN, Price Guide Kshs. 640 Million (Offers Invited) Ref. 104 MIOTONI ROAD
A FREEHOLD plot of 0.786 OF AN ACRE with an old style house. AN IDEAL PLOT FOR THE REDEVELOPMENT OF TOWNHOUSES.
A stunning 10.4 acre Freehold plot on Miotoni road, close to the Ngong Road junction. Masses of beautiful trees and an old double storey house. Frontage to a dam. A VERY IMPORTANT DEVELOPMENT SITE.
RUNDA – BENIN DRIVE
FOR SALE: PRICE GUIDE:Kshs. 42 Million. Ref. 12
A 0.5 acre plot located in this secure & developed part of Runda Estate. • Level plot. • Services available.
WESTLANDS
FOR SALE: Kshs. 45 Million. Ref. 77
Located close to the Sarit Centre, the CBD and schools, a spacious DUPLEX in a secure compound. Living & Dining Room, Family Room, 4 Ensuite Bedrooms, Cloakroom, Laundry Room & Kitchen. Can be sold fully furnished.
RUNDA
TO LET: Kshs.350,000/= per month. Ref. 52
A well presented double storey house on 1 ACRE of mature garden in 6 Bedrooms, 5 Bathrooms (4 Ensuite), Kitchen & Cloakroom. Double Garage, Laundry Room, 2 Staff Rooms & Sauna. AVAILABLE 1ST SEPTEMBER 2014.
RUNDA – RUAKA DRIVE
FOR SALE: Kshs. 93 Million. Ref. 59
A delightful and beautifully presented double storey house set in ½ acre of Bedrooms, 4 Bathrooms (2 Ensuite), Cloakroom, Kitchen & Terrace. Garage, Generator Room, Laundry Room, 3 Staff Rooms.
LOWER KABETE
FOR SALE: Kshs. 80 Million. Ref. 48
A double storey house in a development of SIX each with private compound. 2 Living Rooms, Dining Room, TV Room, 4 Ensuite Bedrooms, Study, Kitchen (includes dishwasher, electric oven, hob and extractor). 1 Staff Room.
LAVINGTON, OTHAYA ROAD
FOR SALE: PRICE GUIDE Kshs. 250 MILLION (Offers Invited) Ref. 73
A prime FREEHOLD plot for development of MULTISTOREY FLATS. – 0.759 ACRE. There is a delightful old style house which will sadly be lost.
PRL
ProLand Realtors Limited Registered Valuers, Property Managers & Real Estate Consultants
ProLand Realtors Limited Maendeleo House, 6th Floor, Monrovia Street P.O Box 29509- 00100, Nairobi, Kenya +254 727741501 www.prolandrealtors.co.ke info@prolandrealtors.co.ke
Residential Properties for Sale
Kaputei Gardens is an exclusive and elegant 5 bed roomed country homes in a gated community of four units only. Located in an exclusive area in Kileleshwa and developed on a 0.25 Acre parcel. Highlights Plinth Area 530 meters squared. 5 bedrooms all ensuite. Garages with extra parking spaces for visitors. Detached SQ and Guest wing 24 hrs security + panic buttons Family room
Sun Valley Estate phase 1, Lang’ata Kenya is a maisonette and double storey extension. The house is about 1,800 sq.ft earning a rent of Kshs 80,000 pm and the extension is 800 sq.ft. Fetching Kshs 30,000 pm. The property sit on approximately 1/16th of an acre with access to community facilities.
PRICE GUIDE KSHS 76 MILLION
PRICE GUIDE KSHS 17 MILLION
Commercial Properties for Sale & To Let
JKUAT SRBS Tower is situated on George Padmore Road on 1.93 acres in Kilimani area. The plot is currently being developed with a new office block measuring a gross built up area of 25,876 square meter. The building has 15 stories and 4 levels of basement parking. The typical office floor in the tower is divided into two individually wings to lease to corporate clients. The ground and first floor are more adapted to commercial functions. FOR RENTAL OR SALE CONTACT US FOR DETAILS
Crescent Business Park is located along Parklands Road, Opposite MP Shah Hospital, It offers a modern environmental friendly 10 storey office building with the following amenities: 4 levels of basement parking in addition to 2 podium level parking, 4 high speed lifts, 3 fibre connection KDN, JAMII and ACCESS Kenya digital fixed line, 2 GSM masts on site green environment and friendly, led lightning , to lower consumption and operating costs, generator back up power, borehole and large capacity 250,000 litre water storage, CCTV and access control monitoring the building 24 hrs, security control desk at ground floor. FOR RENTAL CONTACT US FOR DETAILS
ProLand Realtors Limited Making the Real Estate Difference!
Why Real Estate is a Good Fit for Older Investors
H
igh-net-Worth clients – especially those nearing retirement age – tend to want to shy away from real estate investing at times, but the fact of the matter is that real estate can still be a lucrative investment option for people of all ages and wealth levels. There are many reasons why clients who are both high-net-worth and nearing retirement age should take a good look at real estate investing as they work to reach their goals of growing and retaining wealth their hard-earned wealth. Here are three specific reasons why real estate investing might be a benefit to your high-net-worth portfolio if you’ve reached middle age or beyond.
36 | The Darproperty - September 2015
A Good Diversifier
A Passive Income Source
Real estate is a valuable addition to a well-diversified portfolio. A welldiversified portfolio for an older client should contain a variety of investment types that lean more toward low risk than high risk. Now’s not the time to be playing high-risk gambling games with your investment portfolio if you plan on retiring any time within the next 5-10 years, or especially if you’ve already reached what the masses consider to be retirement age. Slow and steady wins the race for older investors. Owning real estate is a great way to bring some diversification into your investment portfolio and yet still keep risk low.
If you hire a property management company to handle tenant relations, real estate investment properties can be a terrific source of Passive income Reputable property management companies generally charge a very reasonable fee to coordinate tenant needs for single-family and multi-unit residential dwellings as well as for commercial dwellings, freeing up your time as the investor to do more of the things you enjoy while still allowing you to rake in the cash from your real estate investments. Property management companies handle components of rental real estate such as collection of the
Land, cattle and gold were often touted as the most secure investment options back in the early 1900s, when the stock market was still new and didn’t have the solid ROI (return on investment) history that it does today. rent, signing of the lease agreements, facilitation of any needed repairs on a property, and fielding any tenant questions and needs. Because tenant and property management can take up a large amount of a real estate rental property owner’s time, many investors utilize property management companies to facilitate these cares in order to make owning real estate rental properties less work. Passive income investments (investments that allows an investor to make a profit while doing little or no work) are a long underutilized gem in the investment world that are only now starting to get the attention they deserve. Adding some real estate rental property to your investment portfolio can be a great source of passive income if you choose to utilize an investment property management company to handle the small details of property and tenant management on your behalf.
Intrinsic Value Means Lower Risk
any other investment, real estate values do have their occasional dips, long-term real estate market analysis proves that real estate investments carry a lower risk than many other investments
Types of Real Estate to Consider High-net-worth clients have their own take on what types of real estate investments best suit their plush portfolios, and the truth of the matter is that real estate investing is growing more and more popular among high-net-worth investors. Most high-net-worth clients like their real estate investment holdings to lie primarily in residential real estate properties, while sources report that development land is second highest in demand. At the bottom of the real estate investment list for high-net-worth clients is retail real estate holdings.
The Bottom Line The second half of life is a time when high-net-worth investors are generally looking to trade in high-risk investments for more solid rate-of-return investments that will still provide some growth. Whatever type of real estate investments holdings you choose as a high-net-worth investor, make sure that you’ve educated yourself well on the ins and outs of real estate investing. You deserve to have hard-earned wealth continue to work hard for you as you sail toward your retirement years in peace, tranquility and a secure wealth portfolio.
Land, cattle and gold were often touted as the most secure investment options back in the early 1900s, when the stock market was still new and didn’t have the solid ROI (return on investment) history that it does today. While you may have doubts about investing in gold and/or cattle, there’s no arguing that real estate investments have proven themselves to be trustworthy over the long haul. With a historical return rate hovering in the 7% range, real estate investments have a solid history of producing positive return rates that Written by: Deacon Hayes nearly always beat inflation. While, like
The Darproperty - September 2015 |37
38 | The Darproperty - September 2015
Do not take chances with your Real Estate Investment. Go for TBS approved products. We approve standards of all kinds of building materials. From Institutions and Individuals.
Tanzania Bureau of Standards -TBS Ubungo, Morogoro / Sam Nujoma Rd P.O. Box 9524 Dar es Salaam, Tanzania Tel: +255 22 245 0298 | +255 22 245 0206 Fax: +255 22 245 0959 info@tbs.go.tz | www.tbs.go.tz
The Darproperty - September 2015 |41 The Darproperty - August 2015 | 41
LIST YOUR PROPERTY HERE FOR ONLY TSHS 30,000/= VAT EXCL.
CLASSIFIEDS GA
RENT $ 1500
RENT 300,000/
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101
A
SALE $177,000.
Beach plot for sale at bagamoyo 100 meters from with government offer of 35 years 0754 310 137/ 0713 451 395
$650,000
Hotel with Deluxe rooms at Mangowera area Mtwara on a plot 3031 sqm. CONTACT: 0783 377 098 I SAK MA
KIN
MO
ON
RO
DO
GO
NI
RO
KIM MLAR ANA B DIZON I YOK
WA
Located in Nyamhongolo 3 rooms, self contained, +255 755 722 222
MT WA R
MIK O
MW AN
MK UR AN
ZA
CH ENI
A
simply call 0767 200 202 classifieds@darproperty.net
NO PHOTO
SALE $ 26,000 A house and newly foundation 2 Bedrooms (1 master on it) Natural fresh Air from Kimara hills PLOT SQM: 400 ready to move in 0714 797 943 , 0757 442 620, 0784 352 009
SALE 100,000,000/=
SALE TSHS 120m
Plot for sale located at Morogoro CBD Boma road surveyed location Plot size 2977 SQM +255 754 310 583 +255 786 088 600
RENT $6000 Vat Inc.
House for rent in Masaki 6 bedrooms, +255 754 526 535
SALE $2M RENT $1250
3 bedrooms (2 master) Fully AC, Servant Quarter(Studio Apartment) Ample car parking Garden 0787 04 04 01 / +33 760 034 054
ENI
SALE $200,000
One storey semi finished with 4 self contain bedrooms, 1,475 SQM plot with clean 99 yrs title deed near st consolata complex +255 759 339 495
RENT $ 1500
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101
RENT $600
RENT $12/sqm
3 Bedrooms, Kitchen, Dinning, store, Tarmac road +255 717 076 761 | +255 764 878 814
Office block Vat Inclusive, plus service charge
RENT $ 6,000
Oysterbay near goat race grounds, 6 bedroom with bathrooms, fully airconditioned, servant quarter, 0717 520 111/ 0685 441 505
MB EZI BE
RU GU BU
MIK OC
OYS T
HEN I
NI
A
+255 754 526 535
RENT $ 1500
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101
SALE $420,000
Land for sale - Ideal for petrol station or transport / logistics company - 7000 SQM 0787 528745 ACH
RENT $ 1500
3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished +255 652 360 101 ERB AY
KIB AH A
NI KIG
GER
AM
EZA
BO
NI
MIK OC HEN I
A
Beach Plot The area is 35 Acres - Kilwa Masoko +255 784 454 245
MIK OCH
NJU
MB
BU
EZI
KIL WA
BEA
A
CH
A
Plot size 1985 SQM +255 766 888 333 +255 716 444 888 +255 766 100 100
RENT $15
Babecov complex office space on the mandela rd buguruni sheli with ample parking space ideal for shops and office use 0713 497 604
RENT $650 newly constructed apartment for rent at mbezi beach, 24 hours security accessible to tarmac road 0777 667 115 / 0715 667 115
Real Estate Agents Directory in Tanzania DAR ES SALAAM
ABLA ESTATE DEVELOPERS & AGENCY CO.LTD Mikocheni Opposite Shoppers Plaza P.O BOX 3810, Dar es Salaam Tel +255 22 2772506 E-mail: ablaestate@bol.co.tz
NIKUZE REAL ESTATE AGENCY Morogoro Road P.O Box 10032 Dar Es Salaam Tel: +255 789/754/715/ 363 800 Email: nikuze@nikuze.com www.nikuze.com
CHINESE PROPERTY AGENT TRANSLATOR Msasani Road, Masaki English Chinese Translator Dealing with your chinese client sms 0756 50 11 37 giraffe_007@163.com
PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.com.
GIMCO ESTATE AGENCY LTD Samora Ave, NIC Investment Hse, P.O BOX 8382 Dar es salaam Tel +255 22 2120988 Mob +255-784 900041
PRESTIGE PROPERTIES Phone: +255-713-764-447/ 0767471293 Tel:+255-22-266-4373 Email:info@prestigeproperties.co.tz www.prestigeproperties.co.tz
GOLDBERG COMPANY LTD Real Estate & Mining Trade P.O. Box 22159 Dar es Salaam Old Bagamoyo Rd, Mikocheni B, 0715 270 517 / 0754 270 517 goldbergtz@gmail.com www. goldbergtz.com NEW DAY PROPERTY AGENCY COMPANY Mwinyijuma Road - Kinondoni, Room no.84, UVCC Complex +255 753 645 434, +255 717 035 552 +255 767 575 758 www.facebook.com/ raymond samson Laizer KEY REAL ESTATE SOLUTIONS Regent Chwaku North Ursino Tel: +255 22 2701674 0715 053 803, 0786 053 803, 0754 28 46 84 mariam@keyrealestatesolutionstz.com www.keyrealestatesolutionstz.com MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710
44 The | TheDarProperty Darproperty - September 2015 44 August 2014
PROPERTY CONSULTANCY & SERVICES LTD 2nd Floor Kevin House - Samora Avenue P.O BOX.7152 - Dar Es Salaam +255 22 2120402, +255 713 690 220 info@pcsltd.co.tz www.pcsltd.co.tz
TANGANYIKA ESTATE AGENTS Village Walk, close to Sea Cliff Hotel +255 717 032 633 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 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 +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
Zanzibar - properties.com Tel: +255 774 44 19 07 Hotel Marine - Malindi Zanzibar
ENHANCE YOUR VISIBILTY & CREDIBILITY GET LISTED HERE WITH YOUR LOGO Tshs. 48,500/= Monthly / Tshs. 500,000/= Annually +255 784 23 89 62, 0688 75 18 68 | sales@darproperty.net
Real Estate Agents Directory in Kenya AXIS REAL ESTATE 0727 572836 0713 908 406 kv@kenyavaluers.com www.kenyavaluers.com 48209 Nairobi Kenya
HASS CONSULT LTD ABC Place, 1st Floor, P.O. Box 14090, Nairobi Tel: +254 20 4446914 www.hassconsult.co.ke
ARK CONSULTANTS LTD No. 16 Nas Apartments, Milimani Road P.O. Box 42093, 00100 Tel: +254 20 2726870 www.arkconsultantsltd.com
KARENGATA PROPERTY MANAGERS Head office: No.47 Marula lane, Karen P.O BOX 1552, Karen. 00502,Nairobi. 0733613744 / 0735099932
PROFESSIONAL PROPERTY MANAGEMANT LETTING & SALES 0708 848481 0733 785698 160662 Nairobi Kenya
KENYA VALUERS AND ESTATE AGENTS LTD 3rd Floor, Museum Hill Centre, P.O. Box 48209, Nairobi Tel: +254 20 3745697/512 www.kenyavaluers.com
SEMA ESTATE AGENTS Springette Office park, Block H2, Lower Kabete Road. Tel 020 2017940 / 0725 545527 seamus@semaestateagents.com semaestateagents.com
CORAL PROPERTY INTERNATIONAL LTD +254 735 801077 info@coralpi.com www.coralpi.com
DUNHILL CONSULTING LTD Hevea Court, Block A3, No.15, Eldama Ravine Road, Westlands Tel: +254 786 386 445 www.dunhillconsulting.com
FINANCIAL AND PROPERTY CONSULTANTS LTD Arbor House, Arboretum Drive P.O.Box 14459-00800 Nairobi Tel: +254 722 524383 www.fapl.com
KNIGHT FRANK Lion place, Waiyaki way Tel +254 20 4239000 / 0733 603260 info@ke.knightfrank.com
PENTA KENYA LTD Tropical lane off Wood Avenue P.O Box 101493 00101, Nairobi Tel 0731471872 / 0711 615782 info@pentakenyaltd.co.ke
PROLAND REALTORS LTD 6th Floor, Maendeleo House, Monrovia Street P.O Box 29509-00100 Nairobi Tel: +254 720 353437 www.prolandrealtors.co.ke
COMING SOON RWANDA REAL ESTATE AGENCY DIRECTORY
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 The Darproperty - September 2015
|45 The Darproperty - August 2015 | 45
PATRONS Publisher
Darproperty Tanzania Editor In Chief
Larson Chumi
editor@darproperty.net
Business Development & Products
Abdallah Mugasa Yusuph Mhando Janeth Samwel Designs & Layouts
Dennis Maunga Mussa Khamis
dennis@darproperty.net
Marketing & Sales
Michael Francis
michael@darproperty.net
Distribution
Boniface Metta Online Content Manager
Mbwana Mbura
Finance Administration Manager Erick Kessy Public Relation Officer Maria Urassa Accounts Executives Grey Mateni Faraji Senkoro Office Assistant.
Brigita Laurance Regulatory & Legal Advisors
ABC Attorneys
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 Distribution Should you have problems in obtaining copies of DarProperty Magazine, please contact
+255 713 888 036 +255 717 270 791
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 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.
ADVERTISERS
INDEX
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PATRON PAGE NO ELEGANT ESTATES LTD................................15 ALEXANDRA......................................................8 AMVERTON......................................................21 AVIC.....................................................................5 BERGER .............................................................38 CES.....................................................................35 CHEMICOTEX....................................................25 CHESAN.............................................................30 CHOKOLE..........................................................31 CRDB BANLK........................................................3 DAVID N SHIRTLIFF.............................................29 DCB BANK............................................................19 DELINA PLAZA.....................................................12 DONGXIN..............................................................1 FNB BANK.............................................................44 FOOD PLUS..........................................................42 HAMIDU CITY.......................................................27 IVORY TOWER......................................................9 JAMII FORUMS.....................................................47 JUNIOR ..................................................................8 KENYA VALUERS.................................................32 LONGONOT GATE............................................28 MASUMIN............................................................23 MEK ONE ..............................................................4 MWANZA ESTATES.............................................26 PROLAND.............................................................33 REAL INSURANCE..........................................1&13 REEF........................................................................10 REMAX.................................................................20 RIWA MAREALE ................................................30 SAMSA REAL ESTATE........................................18 SIMBA CEMENT....................................................1 TANGANYIKA ESTATE AGENT......................6&7 TBS........................................................................41 TEMEKE PLAZA....................................................11 TWIGA CEMENT..................................................2
46 | The Darproperty - September 2015 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