The
FRE
E Free COPY Copy
www.darproperty.co.tz
Tanzania’s Ultimate Property Guide September 2013
Issue No 023
ISSN 1821-7753
The DarProperty is Available in DAR, ARUSHA, MWANZA & ZANZIBAR
SEE PAGE 18 & 19 FOR MORE
1 The DarProperty September 2013
3 The DarProperty September 2013
Dar Property
TM
Tanzania’s Ultimate Property Guide.
AVAILABLE FROM: In Zanzibar
In Dar Es Salaam
Chavda Hotel Dhow Palace Beyt al Chai Hotel Zanzibar Coffee House Mtoni Marine Hotel Zanzibar Café Stone Town Café Diplomatic Supermarket Tembo House Hotel Maru Maru Hotel Zanzibar Serena Hotel
Slipway J. D. Pharmacies Airport Terminal 2 All Shopping Malls Village Supermarket NHC - Head Quarter Scholastica Book Shops All Novel Idea Book Shops Premium Super Markets Bundu Shop - Southern Sun Oysterbay Shopping Center Nakiete Pharmacy - Mwenge Home Shopping Center Renowned Hotels & Offices Tanzania Investment Center (TIC) All Major Real Estate Agents
Arusha Points Mt Meru Hotel Ngurdoto Hotel Kibo Palace Hotel Impala Hotel Naura Spring Hotel Themi Suites Njiro Complex TFA Complex New Arusha Hotel Naazi Hotel Barista Cafe All Major Banks Woolworth Stores JJ black Stores Snow Crest Hotel Smart Choice Supermarkets Shoprite Supermarket
Publisher
Darproperty Tanzania Editor In Chief
Monica Festo
editor@darproperty.net
Designs & Layouts
Alan Peter Dennis Maunga
dennis@darproperty.net
Marketing & Sales
Michael Francis
michael@darproperty.net
Distribution
Boniface Metta Online Content Manager
Mbwana Mbura
Sales Represantative Milembe Pamba Brenda Ndashuka Glory Mgonja Business Development & Products
Abdallah Mugasa Office Assistant.
Mwanza Points Royal Oven Pizzeria Casino Cofee Shop U-turn Supermarket Nono Supermarket Imalaseko Supermarket Isamilo Lodge Yunni Minni Supermarket Mwanza Hotel Gold Crest Hotel Jb Belmount Hotel Ryan’s Bay Hotel Tilapia Hotel Victoria Palace Hotel Malaika Beach Resort Fast Jet Banks & Offices
Also Available Online
Brigita Laurance Regulatory & Legal Advisors
Nexus Associates - Attorneys at Law 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
For Comments, Complains & Compliments pr@darproperty.net The Darproperty is published by Darproperty Tanzania Company. All rights reserved. c 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.
Scan this QR CODE
The DarProperty March 42 The DarProperty September 2013
- April 2012
To advertise Call : +255 713 751 868, 784 238 962 sales@darproperty.net
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 7 The DarProperty September 2013
LAND SPECULATORS TO BLAME FOR HIGH COST OF REAL ESTATE IN TZ
W
hat is the status of the real estate sector in the country? The trend is changing as more people now own houses, but the deficit is still high and real estate is abnormally expensive. One of the main problems is land speculation. Most land owners hold it tightly creating an artificial shortage that usually leads to skyrocketing land prices. This makes the cost of acquiring a plot unusually high. Ideally, this affects the ability of low income earners to own houses which is even worse if mortgage is sourced since the cost of house financing also increases. It makes housing expensive and unaffordable.
we ensure that our clients get value for their money. If developers dispose off their properties or projects quite early, they can then develop others quickly to close on the housing deficit which is still at the high estimated at 40 per cent and this would also help on normalizing the prices. What is your advice to Tanzanians who would like to venture in this business? It’s one of the industries in which investments keep on appreciating in terms of value. Demand is available in whatever section you want to invest in; houses are in demand, office space is ever sought after; ware houses are also in short supply. Big developers will help produce more housing units and lower demand and, hence, prices.
What should be done to rectify the situation? The only way to reduce the cost of housing is for the government to make land readily available to citizens. Most of it is still un-surveyed and inaccessible or normally given to public servants. Some people have land but with no titles, this makes it difficult to access mortgages.
Real estate agencies are mainly found in Dar es Salaam, Mwanza, Dodoma and Arusha. Why do you shun the rest of the country? This development is not accidental but purely demand oriented. Developers will always put real estate in areas where recovery of investment is earliest. The places mentioned are the very ones that have economic importance for a company to open a factory or offices or expatriates to reside. The population density is also high in the areas due to availability of services and employment. Other areas with up-and-coming economic activities
And what roles do you, as real estate agents, play to boost property development in Tanzania? We link developers to buyers and
like Mtwara will soon experience development; otherwise factors of power, road systems, manufacturing, population density, and other resources will determine how fast big real estate projects will get into a particular area. There should be a justifiable demand. What is the minimum price for a normal residential house for buyers? Is it possible or beneficial to the common citizens? Real estate is relatively expensive but this is because the cost of construction is high and land itself is scarce and expensive and owned by few people. An average habitable house will at the lowest cost you Sh150 million Source: thecitiizen.co.tz
11 The DarProperty September 2013
13 13 The TheDarProperty DarProperty September August 2013 2013
COMMERCIAL PROPERTIES TO LET ALONG PUGU ROAD
SHOWROOM FOR RENT Ample Parking 24 HRS Security Easy Access Standby Generator The Showroom is Ideal for Banks, Financial Institutions, Corporate Offices. 2 Storey - G + 1+1 SHOWROOM @ NYERERE ROAD NEXT TO OMAR PACKAGING LTD BEFORE VICTORIA PETROL STATION
+255 754 780 148 +255 715 622 344 +255 22 2130601
PLOT FOR SALE UKONGA - DAR ES SALAAM (MOSHI BAR - KWA DIWANI)
PRICE
TZS 600,000,000 10000 SQUARE METER
CORNER PLOT PROPERTY SUITABLE FOR PRIMARY SCHOOL ANY OTHER COMMERCIAL USE FENCED AND GATED THREE PHASED ELECTRICITY 14 The DarProperty August 2013
CALL 0716 42 02 15
DarProperty August 2013 15 15 TheThe DarProperty September 2013
17 The DarProperty September 2013
19 The DarProperty September 2013
R
eal estate salespeople, and other licensees who are required to work for and under the umbrella of a designated broker, are often referred to as real estate agent. In legal language, the term “agent” refers to the strictly defined relationship between a real estate salesperson and the buyers and sellers with whom he or she conducts business. An agent is an individual who is authorized and consents to represent the interests of another person. As an agent, you act to assist people through the process of buying, selling and renting land, homes and other properties. In addition to meeting licensing requirements and having a comprehensive understanding of pertinent real estate
laws, real estate agents have a long list of responsibilities. Real estate agents typically do the following: • Advise clients on mortgages, market conditions and pricing • Advise sellers on how they can make their homes more attractive to buyers • Compare properties to determine fair and competitive market price • Generate lists of appropriate properties for buyers based on their price range and needs • Guide buyers and sellers through the transaction process • Manage lists of contacts • Mediate negotiations between buyers and sellers
• Prepare and submit all required paperwork, including various contracts • Present all purchase offers to sellers for consideration • Promote properties through advertising, listing services (such as The Daproperty. MLS) • Show properties to prospective buyers • Solicit potential clients to buy, sell and rent properties • Stay current with real estate laws and trends • Work nights and/or weekends to accommodate clients’ needs Here, we take a look at a few considerations that will help you fulfill your agent responsibilities, while advancing your career as a real estate agent.
Sphere of Influence One way to build contacts and generate leads is through a real estate sphere of influence (SOI) business model. This networking strategy focuses on generating real estate leads through the people you already know, including your family, friends, classmates, business associates, sports team members, and even vendors (like your doctor and hair stylist). The best way to keep track of all the names and contact information is in one place, such as in a spreadsheet program (such as Excel), your email’s contacts database or with commercial software.
community events, thru mutual acquaintances or by any other means. The more people you have on your list, the larger your SOI and the better your chances for a referral. Plan on sending out a “new agent” announcement – through the mail, phone, email, text or any combination catered to each type of contact – when you begin your career, as well as periodic updates and shoutouts to keep your SOI thinking about you and your real estate services.
Developing a Professional Image Developing and maintaining a professional presence is vital to your success as a real estate Once you have established your SOI database, it agent. Your image is projected through your: is easy to add contacts as you meet people – at 21 The DarProperty September 2013
>>Tips
• Appearance – tidy clothing, hair, accessories, makeup. Should be appropriate for your office and local market. Avoid perfume/cologne and revealing clothing (i.e., nothing too tight, too short or too low cut). • Face-to-face meetings – good eye contact, positive body language. Strive to be attentive, engaging and courteous. • Marketing and advertising materials –quality photos and accurate, compelling text. Should be free of grammatical and spelling mistakes. • Phone calls – articulate, engaging and courteous. • Web presence – carefully planned Web site, engaging social media. Should be free of grammatical errors and spelling mistakes. • Written communications – well-written letters, emails and texts free of grammatical errors and spelling mistakes. It is important to note that any presence you have on the Internet – whether for your business or personal life – lasts forever and can easily find its way to your potential clients. Therefore, it is judicious to work toward a professional image both in and out of your real estate career. Utilizing Tools and Technology Going hand-in-hand with developing a professional image is utilizing tools and technology. Today’s agents can use a number of tools to help organize and promote their real estate businesses, including: Contact Management Keeping track of your clients is a must. You can go basic with a spreadsheet program or an email database program such as Outlook’s, or you can invest in database software designed specifically for real estate professionals. Commercial products offer a number of useful features, including automated contact synchronization to your smart phone. No matter how you keep track of your contacts, keep the list current – updating,
adding and deleting contacts as appropriate. Agent Web Sites Consider setting upyour own domain name and website. While this may seem daunting to some, it is easier than ever to build a professional looking Web site. While large corporations may spend hundreds of thousands, or even millions of dollars, developing and maintaining their Web sites, you can do it for a very small financial investment. A Web site provides you with a “landing page” to direct your existing and potential clients to, while creating a professional, searchable Web presence. It is possible to have individual property Web sites to promote your listings and keep your sellers happy. You can also take advantage of social media by linking to your Facebook, Twitter and LinkedIn profiles (and any other social media platforms). Marketing Real estate agent marketing software can help you manage your marketing efforts. These packages typically include templates for business cards, door hangars, postcards, property flyers, brochures, email campaigns and animated home tours to help you efficiently reach out to existing and potential clients. The Bottom Line Working as a real estate agent has its challenges: you don’t get paid unless you sell, you can work long hours and still have no paycheck, and you have to adapt to changing market conditions. That said, it can be a rewarding career, both financially and professionally. Calling on your sphere of influence, projecting a professional image and utilizing today’s real estate tools and technology can help you develop a successful career in real estate. Written by Jean Folger
expo@darproperty.net
23 The DarProperty September 2013
GREAT VALUE ITEM DON’T MISS OUT SUBSCRIBE NOW!
Order form for subscription to The Darproperty Magazine and receive your free copy. Personal Details Mr
Mrs
Initials
Ms
3 Months - 30,000/=
Other title
Last name
6 Months - 60,000/=
Delivery address:
12 Months - 85,000/= Postcode Town Country
Payment options Cheque enclosed, payable to Darproperty Tanzania
1.
2.
Telephone Mobile
Only Tshs. acceptable
Cash enclosed pay in slip to Darproperty Tanzania Exim bank, A/C no. 0339281116
Signature
To order: sales@darproperty.net
Or post this form to: P.O. Box 105499, Dar es Salaam, Tanzania.
Date
Darproperty Tanzania is registered in The United Republic of Tanzania Registration No: 210444. Tanzania Taxpayer Identification Number (TIN): 110-871-260
Darproperty magazine is a free magazine, if you cannot pick it from the designated areas feel free, to have it delivered to your address. Amount charged is for postage, delivering & packaging.
25 The DarProperty September 2013
Disclaimer • The Darproperty Magazine is only a property guide where real estate owners or their agents and or their real estate brokers place their property’s sale or rent information with or without pictures. • The Darproperty Magazine does not take any part in selling, buying, or renting transactions. • All transactions are governed by your local laws. All offers and promotions on this magazine are subject to change without notice. • The Darproperty Magazine provides you, our readers, a venue for obtaining the information contained in this publication and has no control over the legality of any real estate for sale or rent or other offers made by advertisers, the ability of any of the advertisers to complete the sales in accordance with the offers, or the quality of the real estate offered by the advertisers real estate information for sale and or rent is directly published by the advertisers on this publication and hence The Darproperty Magazine takes no responsibility of any of their information and prices and any mistakes in printing or typing. The Darproperty Magazine has no control over whether Advertisers will honor the offers shown on this publication and does not guarantee the accuracy or completeness of the information contained on this publication. • The advertised real estates and properties on this publication may or may not be available for sale and or rent. In the event you have a dispute with an Advertiser in any way relating to this publication or the use of information from this magazine, you agree to waive and release The Darproperty Magazine from any and all claims, demands, actions, damages (actual and consequential), losses, costs or expenses of every kind and nature, known and unknown, disclosed and undisclosed relating to that dispute.
REAL ESTATE The ABCs of REAL ESTATE MARKET CONDOMINIUM a system of ownership of individual units in a multiunity structure, combined with joint ownership of commonly used property (sidewalks, hallways, stairs, etc.). Example: A midrise condominium
TITLE SEARCHES an examination of the public records to determine the ownership and ENCUMBRANCES affecting REAL PROPERTY. Example: A buyer wishes to assure receiving CLEAR TITLE to a property. The buyer authorizes a title search by an experienced attorney. The attorney examines the public records for all recorded encumbrances and past claims. The attorney renders to the buyer an ABSRACT OF THE TITLE.
VARIABLE- RATE MORTGAGE (RVM) a long –term MORTGAGE loan applied to residences, under which the INTEREST RATE may be adjusted on a 6 – month basis over the term of the loan. Rate increases are restricted to no more than ½ PONT per year and 2 ½ points over the term. The term ADJUSTABLE – RATE MORTGAGE (ARM) is now more commonly used. Example: Abel obtains a variable –rate mortgage originated at a 6% interest rate. In 6 months, the index upon which the rate is based increases by one increased during the year because of the ½ % annual cup.
ACQUISITION, DEVELOPMENT, AND CONSRUCTION (ADC) LOAN a loan whose purpose is to allow a developer to pay for land put in streets and utility services, and build improvements. Example: A real estate developer wishes to create a SHOPPING CENTRE on a TRACT of land that he has an option to buy. His first step is to arrange LEASES with TENANTs for much of the proposed space. The next step is to secure a COMMITMENT for TAKEOUT FINANCING. Then, he may secure an ADC loan. See CONSTRUCTION LOAN.
FOR
C & G PLAZA Easy Accesss Ample Parking Space 24hr Security
Located along Mwai Kibaki Rd - Mikocheni Plot 672/2
CALL +255 22 2781203, +255 779 333 360
KIDA PLAZA
OFFICE SPACE AVAILABLE FOR RENT
AMPLE PARKING SPACE
24 HR SECURITY
EASY ACCESS
Located Along Mwai Kibaki Rd - Mikocheni Plot 672/2
+255 22 2781203,+255 779 333 360 27 The DarProperty September 2013
29 The DarProperty September 2013
Advertise for ONLY TSHS
30,000
Your Advert will be placed on
website, The Dar Property magazine and SMS Subscribers
To book your space simply call us on the numbers below:
+ 255 22 2780517 + 255 713 75 18 68 + 255 784 23 89 62 classifieds@darproperty.net
‘
‘
100,000 BE IN CONTROL
mbezi beach, dar es salaam - plot for sale USD 5,000,000
Mikocheni B,
Temeke Dar es salaam-House for sale TZS 260,000,000
170,000
plot for sale
For Sale By Owner 0754 000 848 kabuzyabj@gmail.com
For sale by owner
0713 61 45 51 0716 88 31 78
1000
9
Plot no.1029 at Mikocheni B situated in a good environment.
An old house located on potential area especially for office, warehouse or yard. Also suitable for residence.
house for rent usd 1500
mbezi beach, dar es salaam - house to let USD 2500
kijitonyama, dar es salaam house for sale tzs 750,000,000
bunju b Dar es salaam - house for rent usd 255
LD
SO
+255 772 171978, +255 772 981 293 +255 713 022 019 kaysap@hotmail.com
4900
2
AWAITING PHOTO
0773 78 31 90 0715 22 31 90
0655 281 700
5
3
bunju b kiharaka reserved water 1 km from the main road “bagamoyo road� fish pond generator a garderner security servant quarter
kibaha boko timiza (4 km from tumbi hospital) area: 20m x 20m. they are 4 plots in one area.
five self contain single room central sewerage system
31 The DarProperty September 2013
Real Estate Agents Directory
DAR ES SALAAM
ARUSHA
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
KNIGHT FRANK International House 3rd Floor, Garden Avenue. P.O BOX 9333, Dar es Salaam. Tel +255 22 2113300
AMBASSADOR REAL ESTATE AGENCY Sinza Palestina - CCM bldgs P.O. Box 62067 Dar es Salaam Mob: +255 784 252741
MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710
GIMCO ESTATE AGENCY LTD Samora Ave, NIC Investment Hse, P.O BOX 8382 Dar es salaam Tel +255 22 2120988 Mob +255-784 900041 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 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 KATIGA HOUSING EXPERTS P. O. Box 65490 Dar es Salaam Tel:+255 2270 1915 Cell: +255 764 763 186/ +255 658 763 186 Email: info@katiga.co.tz/ katigahousing@gmail.com Website: www.katiga.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
32 The DarProperty September 2013
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 SKYMARK REALITIES LTD Zanaki st. - Alimanga bldg Tel: +255 22 2 134422/33 TZ REAL ESTATE AGENTS LTD Head Office: 7th Floor Amani Place Ohio Street Dar es Salaam Tel: +255 756 960-960/ 0714 444 250 info@tzrealestate.co.tz www.tzrealestate.co.tz 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 REALTORS & ADVISOR Shanti House, Sokoine Road P.O BOX 249 Arusha +255 687 440 044/ 0753 440 044 0785 984 467 anders.wehtje@arusharealtors.com www.arusharealtors.com EL-SHADAI INVESTMENT LTD P.O BOX 17021 Arusha +255 782 677 068 +255 754 421 958 HOMES & PROPERTY AGENCIES LTD Land Surveyors & Property Managers P. O.Box 10079 Arusha Boma Rd. Arusha 0787 805566 hopraltd@gmail.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
List Your Company HERE For as Little as Tshs 29,500 per Insertion sales@darproperty.net
R O F
T N E
R o
ik
m
ni
e ch
B
6 bedrooms 4 bathrooms 4 cars parking space
$1,500 Hotline 0712 - 52 98 68
20 meters from main road
33 The DarProperty September 2013
PATRONS ADVERTISERS
INDEX
If you like what you are reading Buy from our Advertisers, remember to mention you saw their Advert in this magazine
PATRON PAGE NO When you have a toothache you will see the dentist not a mere general medical practioner.
ABBASI SIMKOKO.......................................................14 AUTO MOTORS............................................................10
If you are selling a real property advertise with the Darproperty because
ANATOLIA.....................................................................25
we understand the property buyers, process and buying
APEX LTD.......................................................................11
patterns, offering tailor made service packs and
BANK OF AFRICA...........................FRONT PAGESTRIP
consultative selling approach.
CHOKOLE INVESTMENT..........................................15 DL PLAZA.................................................INSIDE COVER HAADI GROUP..............................................................13 HELVETICA SOLAR.......................................................17 KEY REAL ESTATE....................................................6 & 7 KILIMANJARO GOLF...................................................29 LUBERO ........................................................................33 MAISHA ESTATES..........................................................28 MEK ONE PLAZA..........................................................12 MSAMBAZI HOUSING ESTATE LTD...............................
To Book your space contact us on, 0784 23 89 62 0713 75 18 68 022 - 2780 517 sales@darproperty.net www.darproperty.co.tz 34 The DarProperty FEB00 August MAR 2013 2013
COVER PAGE, 18 & 19 MWANZA ESTATE.......................................................16 R.K CHUDASAMA LTD.........................................3 & 14 TBS....................................................................................5 WYNE...............................INSIDE BACK COVER & 31
35 The DarProperty September 2013