The Darproperty

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The

Dar Property

Jan - Feb 2013

A Monthly Property Guide Issue No 017 www.darproperty.co.tz

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TM

E Free COPY Copy

ISSN 1821-7753

JK: SELL PLOTS AT AFFORDABLE PRICES TO CUT HOUSING COSTS

3 Of The Most Lucrative Land Deals In History

The Darproperty magazine

March - April 2012 The DarProperty 3


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JK: SELL PLOTS AT AFFORDABLE PRICES TO CUT HOUSING COSTS

B

anks urged to lower interest charges on housing loans President Jakaya Kikwete directed the Ministry of Lands, Housing and Human Settlements Development to ensure that councils sell plots at affordable prices to enable Wananchi to buy houses built by the National Housing Corporation (NHC).

The President also directed the Ministry of Finance to hold discussions with banks which have entered into contract with NHC to provide loans to people so that they can buy the corporation’s houses to reduce interest rates. He said by doing so NHC will be in a position to sell the houses to many more people. He also advised the NHC for the coming years He also warned the councils to stop turning to open a financial institution so as to reduce lands into a source of income by selling the dependence on banks. plots in high prices to NHC and other investors, saying it has implication on the costs of the For his part, Deputy Minister for Lands, houses which will be built. Housing and Human Settlements Development Goodluck Ole Medeye said the housing Kikwete made the remarks in Dar es Salaam project was implementation of a strategic when laying a foundation stone to mark the plan aiming at building 15,000 housing units official construction of the NHC houses at countrywide by 2015. Kigamboni, Kibada area. Explaining the project the NHC Managing A total of 290 houses will be constructed Director Nehemia Mchechu, said under the affordable houses scheme being implementation started in November this year implemented by the housing corporation. and was expected to be completed in May The President gave the example of some next year, adding that the houses will be sold councils which buy plots for 6m/- from ordinary for between 45m/- and 52m/- per unit with people and sell them for upto 300m/-. As a VAT. result the houses which will be built in the area Mchechu said the price went up because NHC automatically attract high prices, he said. was supposed to put up all infrastructures at Kibada that was supposed to be done by “This habit cannot be left to continue …the other institutions. ministry responsible should work on it to ensure that councils sell plots at reasonable prices,” he stressed.

Meanwhile, the President handed over 36 modern homes to the victims of last year’s Gongo la Mboto bomb blast, assuring them that those who were not fully compensated after the tragedy will soon receive their compensation. He however, instructed the Tanzania National Roads Agency (TANROADS) to fast track construction of the Banana-Kitunda Msongole Road in order to facilitate movement of people and commodities. Kikwete said the government has spent over 665bn/- for compensation, renovation of some buildings, construction of new ones, food and medical treatment. Said Meck Sadiki, Dar es Salaam Regional Commissioner said the houses were to have been handed over to the victims in July this year, but the plan failed due to various reasons including shortage of funds and delays in acquiring land for to build the houses. SOURCE: THE GUARDIAN By Gadiosa Lamtey

Image Courtesy of NHC



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Investment

3 Of The Most Lucrative Land Deals In History

T

he real estate industry may see some large land deals these days, from the $200 million Penthouse in London to the $2 billion Antilla building in Mumbai, but these pale in comparison to some historical land deals. Many of these land deals occurred at very low prices, even by historical standards.

The Alaskan Purchase The U.S. purchase of Alaska from Russia in 1867 is considered to be one of the largest land deals in history. Fearing another war with Britain after the Crimean War, Russia rushed to sell Alaska to the United States for just $7.2 million, or about two cents per acre, in order to

prevent nearby British Columbia from taking over the territory, and to bolster its struggling finances. How much is this land worth today? The state encompasses some 586,412 square miles, or more than 375 million acres. Even at a cost of just $100 per acre, that would equate to more than $37 billion. Moreover,


Investment

as of August 2012, the region also produces some 426,834 BOE/D of oil and natural gas worth billions in revenues each year. Alaska is one of the few states with no income tax. The Louisiana Purchase The Louisiana Purchase from France in 1803 is another U.S. acuisition that’s considered to be one of the largest land deals ever. With a purchase price of just $15 million (or about $233 million in 2011 dollars), the U.S. added some 13 states worth of territories at less than three cents per acre (or less than 42 cents per acre in today’s dollars). Interestingly, the Louisiana Purchase almost didn’t happen for a couple reasons. President Jefferson was widely criticized for acting above and beyond his constitutional authority, especially given his strict interpretation of the Constitution. Secondly, many Federalists worried that the U.S. was funding a war against Spain by selling to Napoleon in France.

After 1898, the treaty became somewhat obsolete as the two world superpowers grew less influential. While the total value of this deal is impossible to calculate, the control the Spain maintained over most of Latin America played an important role in history. The majority of the countries in the region asserted their independence in the early to mid 1800s. By the 1900s some Latin American countries The Treaty of Tordesillas Back in the 1400s and 1500s, Spain and were participating in the World Wars as Portugal were the world’s two largest U.S. allies. superpowers carving up the world. The discovery of the New World by Christopher The Bottom Line Columbus led to some disputes about who It may be easy to gasp at the current real had rights to certain territories. Eventually, estate market and the tens to hundreds of the two countries agreed to divide the world millions of dollars spent acquiring palatial along a meridian 370 leagues west of the estates. However, these purchases seem Cape Verde islands. inconsequential compared to a time when Unfortunately, the New World turned out to countries could sell an entire state. move mostly west in direction and the deal turned out to be rather one-sided. Spain By Justin Kuepper ended up colonizing the vast majority of South America with the exception of presentday Brazil, where Portuguese is still spoken. So, how much is the Louisiana Purchase worth today? The deal encompassed some 800,000 square miles, which equates to approximately 512,000,000 acres. With land costs today averaging between $1,000 and $4,000 per acre in the continental U.S., the total value of the Louisiana Purchase is therefore likely to be more than $1.2 trillion.


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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.

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Career

REAL ESTATE The ABCs of REAL ESTATE MARKET MARKETING ANALYSIS is a study of the supply and demand conditions in specific area for a specific type of property or service. A market analysis report is generally prepared by someone with experience in real estate, economic, or marketing. It servers to help decide what type of project to develop and is also helpful in arranging permanent and construction financing for a proposed development. Example: The developer commissioned a market analysis to evaluate the need for luxury apartments in the St. Louis suburban market. Copies of the report were supplied to prospective lenders for this type of development

Darproperty Tanzania is a rapidly progressing company in real estate and media industry offering a unique service of property marketing and a proud publisher of the Darproperty Magazine and MLS. www.darproperty.co.tz. We are looking to hire 2 female sales executives to fill in the vacancies immediately. Skills & Expertise needed for you to secure this job • Should at least an ACSE certificate holder • Proficiency in oral and written English • Computer literacy i.e familiar with MS office tools • Ability to fit in a dynamic and demand working environment • Self motivated Remunerations Salary + commissions What to include in your applications • Cover letter • Academics certificates • C.V • Two recent coloured passport photographs All applications should be sent to the following address: General Manager Darproperty Tanzania. P.O BOX 105499. Mikocheni B. Bima road. Dar es Salaam Deadline 11th March 2013, for further details you can contact us hr@darproperty.net

LISTING PRICE the price a seller puts on a property when it is placed on the market. Listing price, or ASKING PRICE, is generally considered a starting place for negotiation between the seller and a prospective buyer. Example: The home was listed at $350,000.prospective buyers knew they could purchase it for that amount or try to negotiate a lower price with selling concessions. EXPRESS CONTRACT wrote agreement that includes elements need for a valid CONTRACT and specific terms of the contract. Contract with IMPLIED CONTRACT. Example: The AGREEMENT OF SALE was in writing, signed by the buyer and seller. It described the property, stated the price agreed upon, and specified the terms of payment. It was an express contract. SECURITY DEPOSIT a cash payment required a landlord, to be held during the TERM of a LEASE to offset damages incurred due to actions of the tenant. Such damages my include physical damage to the property, theft property, failure to pay back rent and breaking the lease. FORFEITURE of the deposit does not absolve the tenant of further financial LIABILITY. Laws in most states require landlord to hold the deposit in a separate account and refund the amount within a specified time after termination of the lease. Example A landlord requires a security deposit equal to one month’s rent, payable at the signing of the lease. An additional deposit is required for tenants with pets. At termination of the lease, the land lord inspects the rented unit. If there is no reason for forfeitures, the landlord refunds the deposit within 30 days.


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Plot For Sale Plot located in Tegeta Nyaishozi Area 446 sqmts Just 15 minutes walk to Tegeta beach Price is 100 milllionTshs It’s at the corner of the local roads (a very nice place) and has a garage and two rooms at the back. The plot is surveyed with its offer and occupancy. Only serious buyers please: Contact: 0716421224/ 0686421224/ 0715878246 PLOT for SALE MIKOCHENI “A” Manyara Street 400sqm. Price TSH 350M negotiable contact: 0688 076 797 Two surveyed beach plots with 2,505 sq meters and 3500 sq meters located near the beach at Luchelele Mwanza. The plots are ideal for hotels/ residences strategically located for development by Mwanza City plan shortly. Price Tshs 120mn for both, first come first served. Contact 0713509339 /0783 777995. Its 2 acres in a 15 acre farm in Hale Tanga. There are about 300 teaks of 14 years old. The price is $65000 (100m Tsh) The price is negotiable. Also if the potential buyer want to buy the whole farm (15 acres) we can negotiate. The farm can be a good mortgage if a buyer want to get a loan from a bank. If you are interested, contact +255762560088 or jukwela4@yahoo.com 5 low density plots for sale, each > 1,500 sqm. Super new development at Nyasaka B, Nsumba, near to Mwanza City. Tsh 9 million each, o.n.o. Call 0655 699 849 Fabulous 4 acre beach plot for sale in Kimbiji, 35km south of Dar es Salaam. Surveyed. Perfect for guest house(s) or hotel. Magical private sandy beach in its own small cove. 120m beachfront. Tsh 500 million o.n.o. Call 0655 699 849

House For Sale

House To Let

Apartment To Let

We have a House to sell at Kichangani Street, Tandika Area, Accesible via Tarmac road, the property contains 8 rooms, price Tshs 70m, Subject to negotiations.

Masaki - 9 rooms house suitable for an office. $5,000. Kigamboni - 3 bedrooms compound house unfurnished for $500pm. Call 0655 104 910

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For sale: 285 m2 Godown at Manzese close to Manzese main market price: $300,000 call 0713 271028, 0784 761133

3bedroom house to let in sinza, dining, kitchen, ac, fenced 3car park. price 700000per months. call 0682 193570

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1bedroom house to let at upanga. fenced, big garden, large car parks. 700usd per months. call 0682 193570.

Bungalo for let Tabata Aroma area behind the king David arch Houses at Kibamba in a 4199 Sq.m of education. Recently renovated area with title deed. Contains in depth. three bedrooms one houses of 5, 4 and 3 bedrooms ensuite, two public toilets and multi-purpose godown –like combined with showers. parking building. House is Fully Furnished, having 4 Price Tshs. 295m negotiable. Bedrooms, 1 Study Room, 2 Sitting Call 0655 434 375/0713212728. Rooms 1 Dining Room, 1 Kitchen, 4 Bathrooms Backyard Lawn, 2 Property for sale. 8 storey corner Parking spaces house at kariakoo located junction (1 covered and 1 uncovered) tolivingstone street & pemba st. It +255 767 881 864 has attached 6 shops, each floor has 2 apartment. 3 &2 bedroom price usd.1.8m call,07173270522 Nice house in a good location @ ensuite @ $ 450,000 each. Mikocheni B Premium plot 4 sale at mbezi 4 Rooms, parking, access road, beach,Price usd 80,000/= lovely garden call/sms 0712-222905 well fenced, spacious living area. Old building commercial proposed plot size 312 in kariakoo located along msimbazi road, has 5 shops attached & good necessary documents . for sale $ 1m call +255 784 710606.

USD 1500 Mob: 0756 960 960, 0714 444 250

House for rent situated in mikocheni B, low density, securely fenced plot of 1000sqmt. Ideal for residence or office available furnished or Bungalo for let Tabata Aroma unfurnished, 4 bedrooms, 2 ensuite area behind the king David arch rooms 1 study room, large living of education. Recently renovated room, dining room, fully equiped in depth. three bedrooms one kitchen, 3 bathrooms and toilets, ensuite, two public toilets good water supply and storage combined with showers. parking tanks large backyard lawn and House is Fully Furnished, having 4 gazebo can park more than 6 cars, Bedrooms, 1 Study Room, 2 Sitting front terrace. Rooms 1 Dining Room, 1 Kitchen, Tel: +255 718 907 554, 4 Bathrooms Backyard Lawn, 2 +255 784 855 824 Parking spaces +255 762 879 977 (1 covered and 1 uncovered) +255 767 881 864

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Fully furnished four in one maisonette apartment each has 3 bedroom on the upper floor and other utility rooms call 0713 271028, 0784 761133 Lovely apartment fully furnished, @Masaki, 3 rooms, pool, parking, gym, ocean view, Tarmac road, in a conducive environment with fresh air. USD 2000 Mob:0756960960, 0714444250 2bedroom apartment to let mikocheni b. dining,kitchen, large sitting, with an ac. fully furnished. call 0682 193570. / 0713 853369 Apartment in UPANGA to Let: 3 Bedrooms 2 Bathrooms Balcony 2 Garaged Parking 24hrs Security Newly Refurbished Unfurnished Situated on Aly Hassan Mwyini Rd, Upanga. Contact : 0756-888812 Apartment to let @Masaki, plot 530, above Ristorante Bella Napoli, beside Marry Brown. 95sqm, 2 self contained bedrooms, fully furnished with standby generator & security. Contact 0754 290 490 Furnished apartment at mikocheni 3 bedroom, pool, gym @ 2500 pm. Mobile: 0759172599. 0716 779953 Furnished apartment sea view near aghakan hospital 3 bed room @ 2500 pm. Mobile: 0759172599./ 0716 779953 USD 3500 Mob:0756960960, 0714444250 Lovely apartment fully furnished, @Masaki, 3 rooms, pool, parking, gym, ocean view, Tarmac road, in a conducive environment with fresh air. USD 2000 Mob:0756960960, 0714444250


Properties

PROPERTIES IN MWANZA

Photo & Company Estate Agency 0786-962444 0715-280770 0754-280770 octavianifocas@yahoo.com 4bedrooms Apartment for Sale at Msasani Peninsula Fully air conditioned Plenty of water Fully furnished Good tarmac Road Secure area Easy to get a tenant Price $400,000usd. Negotiable

$2500

$700

$3100

$2000

$2500

$1000

200m

90m

4bedrooms House for Rent at Msasani Peninsula Fully air conditioned Plenty of water Good tarmac road Big compound Well maintained garden Big standby generator Available now Price $5000

3bedrooms Apartment for sale at kinondoni Fully air conditioned Near main road Plenty of water Tenant are paying usd 1500 Easy to get Tenant Price $250,000 Now we are at Morogoro store near former karibu hotel, OYSTERBAY


Real Estate Agents Directory 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 AFRICA PROPERTY LIMITED Old Mwenge Rd, Agip House P.O BOX 32822, Dar es Salaam Tel +255 22 2771834 Mob; +255 784 781242 Email: sendim@consultant.com AMBASSADOR REAL ESTATE AGENCY Sinza Palestina - CCM bldgs P.O. Box 62067 Dar es Salaam Mob: +255 784 252741 CITY PROPERTY LTD Nkrumah Street P.O BOX 831 Dar es salaam Tel +255 22 2116646 Mob +255 754 375967 Email: gold@cats-net.com COMFORT ZONE Plot 473, Business Unit Haile Selassie road P.O BOX 31010 Dar es Salaam +255 773 805 360 Email: comfortzonetz@gmail.com ESTIA Maktaba business square park P.O. Box 23347 Dar es Salaam +255 753 782837 info@estiatz.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 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

The Darproperty magazine

2 The DarProperty March - April 2012

GOLDEN LAND SHELTER LTD Sokoine Road P.O BOX 12067, Arusha Tel +255 27 2507625

MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710

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

PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.com.

H & R CONSULTANTS LTD PPF Towers, Garden/ohio street P.O BOX 70703, Dar es salaam. Tel +255 22 2130073 IMAGE PROPERTIES & ESTATE Pugu road, Quality Plaza 2nd Floor West Wing P.O BOX 70117, Dar es Salaam Tel 255 22 2862 092 Mob +255 777 420675 Email: info@ipe.co.tz KATIGA HOUSING EXPERTS P. O. Box 65490 Dar es Salaam Tanzania 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 KNIGHT FRANK International House 3rd Floor, Garden Avenue. P.O BOX 9333, Dar es Salaam. Tel +255 22 2113300 MERINYO HOUSES LIMITED (MHL) Oysterbay,Bongoyo/Hill RD Tel:0784-336633/0658-181193 Email:merinyohouses@gmail.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 SAK SERVICES Estate Agent - Dar es Salaam Mob: +255 787 591 995 schande@bol.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

List your Company here send details to sales@darproperty.net

www.darproperty.net


NOW AVAILABLE ONLINE

Miss your copy NO MORE Read this Magazine online. Visit www. darproperty.co.tz


LD

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AI V A

+%

65

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ZAHRA ARCADE

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FINANCING AVAILABLE

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$120,000 Onwards

“TWIN TOWER”

DEVELOPER MAJESTIC DEVELOPERS LTD

2-3 & 4 Bedrooms Modern Apartments Gymnasium Speed Lifts Swimming Pool Secured Car park Shopping Complex

PROPOSED RESIDENTIAL / COMMERCIAL BUILDING ON PLOT NO. 478/479, AT MINDU STREET, UPANGA DAR ES SALAAM, TANZANIA

CCTV Intercom Security Ambulance Fire panic Panic

Upanga Mindu street, close to Al-Muntazir and IST school +255 767 786077,+255 767 786088 | zahradevelopersltd@gmail.com


Investing in Real Estate requires a good investment knowledge but no one should over look the quality of the construction materials. Savvy investors GO for TBS approved materials. TBS offers standards and facility of material testing. For further Details

Tanzania Bureau of Standards - TBS Ubungo, Morogoro Road / 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 E-mail: info@tbstz.org



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