darproperty june 2016 2

The Darproperty - August 2015 | 1The Darproperty - June 2016 | 1

The

Issue No 49 | ISSN 1821-7753East Africa’s Ultimate Property GuideJune 2016

www.darproperty.net FREE

COPYwww.darproperty.netFRFRF EEEEECOPOPO Y

Featuring Properties from Tanzania & Kenya

Renting from 1 st August 2016

call us: +255 779 959 854

IMG

- Check all our listings on www.tzagents.com

IMG

Arusha / Ngaramtoni

5 b/r

$ 750 per month

Arusha / Karatu

App. 8,5 acres / Eco Farm

$ 150,000

IMG

Dar / Masaki

4 b/r

$ 6,000 per month

IMG

Pangani / Sange

App. 4,5 acres / Beach Front

$ 110,000

Arusha

Anders Wehtje

+255 785 984 467

[email protected]

Tanga / Pangani

Annabel Burdes

+255 784 632 529

[email protected]

Dar es Salaam

Suzie Kantai

+255 742 074 262

[email protected]

8 | The Darproperty - June 2016


Ann Muchiri of Rozana Properties looks forward to a busy year ahead after what she describes as a lacklustre performance of the real estate industry in

2015. Sporadic incidents of insecurity conspired to deny her some much-needed sales in the high-end segment where she operates.

“A number of our units are in the high-end segment of the market that was greatly affected by last year’s terror incidents. This made a number of multinationals that we target slow down their uptake of such homes,” says Muchiri.

For her and other developers, 2016 is a make-or-break year. With the drums of next year’s General-Election starting to sound, developers expect many would-be home owners and other investors to make vital decisions concerning real estate investment this year before the industry adopts a wait-and-see attitude for the better part of next year. But regardless of any jitters that may creep in, all projections have continued to paint a rosy picture of investing in the real estate sector in Kenya. This has not been a misplaced assurance as all the fundamentals

pointed to an industry bubbling with great potential. Best option Indeed, Cytonn Investments 2016 Outlook Report released on Monday says that real estate is the best investment option this year despite fears that political fever may slightly slow it down. The report says that real estate investors will ride on the growing demand for residential and commercial developments in the country, thanks to urbanisation and growth of the middle-class

In Kenya, the housing demand has always outstripped supply, especially in the lower segment of the market. Developers have over the years filled the gap in the middle to upper reaches of the sector that are seen to be more profitable. Nothing has been strong enough to burst the mythical bubble. According to Muchai Kunyiha, a developer with Mashiara Park Limited, the real estate industry in Kenya has generally shown resilience for a long period, absorbing a number of tremors that have come its way in recent times. “True, we expect a lot of political noise this year as we approach the General-Election next year. As we head deeper into that period, there may be a slowdown in mortgage uptake. However, real estate thrives on its long-term

IS THE REAL ESTATE MARKET IN KENYA IN FOR A STORM?


nature as shown by its weathering the numerous storms in the past,” he says. However, despite the positive outlook by local industry players, economic downturns in America and China — the two leading world economies — could throw a spanner in the works.

Undercurrents According to a report by global consultancy firm Knight Frank, the undercurrents within the Chinese and American economies threaten the growth of the property sector in developing nations that include Kenya for the next year and a half. The Prime Cities Forecast Report 2016 cites the slowdown in China as a catalyst for a slumped property market that previously benefited from China’s economic boom. “The scale of the slowdown in China and the speed of further United States interest rate rise will determine the performance of property markets and across developed and emerging markets alike over the next 12-18 months,” says the report

With regard to China, the report says that a “hard-landing for China’s economy would lead to a slump in global commodity prices while a prolonged slowdown in growth would mean those emerging markets that have benefited from the Chinese-driven boom in commodity prices, Africa included, would see a knock-on impact”

Local developers and financial analysts have been quick to state that China’s economic downturn may not have noticeable effects able to scuttle any gains in the real estate sector in Kenya. Kunyiha, who also chairs the Kenya Property Developers Association, says we should not be so fixated with the ‘Chinese effect’ as Kenya’s real estate industry is not overly reliant on the Asian giant for capital inflows. “This may affect the big Chinese companies doing business in Kenya. It is unlikely to hurt our real estate industry that has few foreign investors. As a matter of fact, much of the financing for local housing projects is sourced locally,” says Kunyiha. He says there would be more cause to worry, say, if the United Nations office in Nairobi closed shop “since it has been a common denominator in pricing housing units in a significant section of the city.” Kunyiha says the Chinese economic slowdown may actually be a blessing in disguise for the local construction sector.

Global prices “The slump in global commodity prices owing to the situation in China can only mean that Kenya will see more Chinese goods dumped into the local market and in effect lowering the price of construction consumables and fixtures, most of which are sourced from the Asian economic powerhouse,” he says. On the other hand, while the recent rise in US base rates by the Federal Reserve will see a drop in housing sales volume and moderate price rises in America, the report says emerging markets will likely see a rise in the cost of funds. “The US housing market will see a slowdown in sales volumes and more moderate price growth as affordability concerns pinch. Emerging markets will see capital outflows increase and funding costs raised further while those countries whose currency is pegged on the US dollar will see a reduction in foreign property demand,” says the Knight Frank report. While the US rates move may affect diaspora remittances to the country, analysts say the repercussions are not so serious for an economy that largely came out unscathed during the 2007/2008 economic recession in America. Like the developers, financial analyst Aly-Khan Satchu says the move should not cause local developers and potential buyers sleepless nights. “The interest rate increases in the US are expected to be gradual. I am of the view that we will not witness the intense rate volatility we encountered in October and November last year,” he says. Currently, Kenya’s interest rates, ranging between 14 and 27 per cent, are among the highest on the continent and any external financial upheavals are bound to have a negative effect on the housing sector. With the local built industry shrugging off any possible jitters, time will tell how much more load it can bear before any cracks start emerging.

By Peter Muiruri

“A number of our units are in the high-end segment of the market that was greatly affected by last year’s terror incidents. This made a number of multinationals that we target slow down their uptake of such homes,”says Muchiri.

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There was a time when getting an offi ce in Arusha proved quite a tricky and challenging task to an extent that the

exercise could have easily been included in the Olympic Games. But that was a back during the turn of the new second millennium, circa 1999 all the way to 2005 when a number of international organizations decided Arusha was a nice place to operate from, thus moved their bases there.One if such establishments was the United Nations International Criminal Tribunal for Rwanda (UN-ICTR) which was set up there in 1995 to try and convict the 1994 genocide suspect from Kigali. This court set up fl exed its muscles four years later in 1999 when it demanded to expand and occupy two out of three buildings at the Arusha International Conference Centre (AICC) complex. The move blessed by the government kicked out more than 300 offi ce tenants that used to operate from the AICC. With limited number of structures in town, many of these used all methods possible to fi nd a place to at least place a desk, chair and fi xed telephone

line (Cellular phones were yet to make penetration then).Somehow also Tanzania together with its two neighbors: Kenya and Uganda decided to revive their 1970s inspired , East African Community (EAC) in 1999 and this new body of suit-clad bureaucrats soon started claiming offi ce space and once more the remaining wing at the AICC was taken, forcing more tenant to be ousted.Heavy security personnel, complete with X-ray scanners, infrared machinery and dogs, were stationed at the entrance to the AICC building to ensure that whoever was thrown out never returned to the complex for any visit, without a very good and believable excuse. With so many fi rms, individuals, organizations and what-have-you, out in the streets without offi ces, suddenly residential premises were partitioned to accommodate a desk or two; fi re escape alleys and spaces between buildings in town were also fi lled up with concrete blocks to provide ‘room` for work. There was a brief

period in which any person who owned four walls joined together with mortar in Arusha was transformed to become either a scary landlord or menacing landlady.As demand for offi ce, residential and other buildings continued to rise, real estate developers saw a chance to strike it rich by setting up large buildings around the town and its suburbs, some were built to the right specifi cations, others were just a pile of bricks and meta and soon Arusha become an eyesore of caked cement towers.Soon, the town was fi lled with buildings that offered residential and offi ce spaces. Large corporates like thee Tanzania National Parks (TANAPA), big tour companies like Rangers safaris, Leopard Tours and others decided to build their own headquarters and bases, before long, the demand for offi ces plummeted.Even better or worse, the former landline telephones were rapidly replaced by mobile cells, desk computers became irrelevant as laptops and tablets fi lled

RISE AND FALL OF THE ARUSHA SKYSCRAPERS


the digital vacuum backed with advanced call and data services from the equally increasing number of service providers.It also became apparent that all one needs is a laptop computer, data enabled smartphine and an email account to be a mobile office, free from room and desk tethering. But the worst or (best) was yet to come; the UN-ICTR that sent people out to hunt for offices called it quits in December 2015 and vacated both the AICC and Arusha City.The bureaucrats at the EAC. Which since expanded to include three more member states, Rwanda, Burundi and South Sudan also discovered a way to convince donors to help them build their own headquarters which they did and likewise the dark suits followed suit in vacating from the AICC buildings.

Earlier last month the country`s two leading pension schemes; the parastatal Pensions Fund (PPF) and the National Social Security Fund (NSSF) invited Preside Joh Pombe Magufuli to jointly inaugurate their two commercial and office blocks namely the PPF Plaza and Mafao House respectively.The 13 stored buildings located just a stone throw away from each other, along Nelson Mandela road in ‘Uzunguni’ area, may look beautiful from outside but the head of state, prior to cutting the ribbon for both structures, warned the residents of Arusha ‘not to be fooled by the gloss, because the projects were a dross.’As it seems, the combined tenancy rate for both complexes remains far below 40% and dropping. Offices are no longer what the Arusha residents want at the moment.Skycrapper, unless the city plans to join an

Olympic race for high rise buildings, will however continue to be white elephant projects in town, years from now.“You were better off investing in productive industries such as factories that can employ people, instead of eye candy buildings that few people can afford to rent spaces within,” stated President John Pombe Magufuli before adding the chilling one-liner; “message sent and delivered!” signaling the end of skyscrapers` story for Arusha city.

Written by: Marc Nkwame. Arusha.

REAL ESTATEThe ABCs of REAL ESTATE MARKET

Royalty:Money paid to a property owner for extraction of some valuable resource from the land.Example: Richman owns a 500- acre ranch in west Texas. An oil company negotiates a mineral lease with Richman to explore for oil on the ranch. Under the agreement, Richman will receive a royalty based on the price of oil and number of barrels of oil pumped from the ranch.

Facilities Management:The Process of operating corporate or government owned property occupied and used for the corporation`s or government`s own purposes.Example: The purpose of the facilities management department of the university was to maintain proper operations of its buildings. The department hired painters, plumbers, and janitorial service people as required.

False Advertising:Describing property in a misleading fashion. Example: Representing a property as not being in a fl oodplain when in fact, it is Stating, without caveat, that a property will appreciate in value Denying structural fl aws that are known to exist.

Capitalization:In fi nance, a process whereby anticipated future income is converted to one lump sum capital value. A capitalization rate is divided into the expected periodic income to derive a capital value for the expected income. Sum of interest and recapture rate.Example: A property is expected to produce an annual income of $10,000. It is judged to have a value of $80,000, which represents capitalization of the $10,000 per year, the property`s value was reduced by $6,000 due to the capitalization process.

Utility easement: Use of another`s property for the purposes of laying gas, electric, water, and sewer lines.Example: A property owner grants a utility easement to the electric power company to extend power lines to the owner`s home.

Vacancy and collection allowance:An estimated amount to be deducted from the potential gross income when preparing a budget. The vacancy rate budgeted may be the rate being experienced or forecasted for the market for the coming year, or a higher or lower amount depending on tenant loyalty, rent concessions, or management quality.Example: In a college town, the apartment vacancy and collection allowance expected was a blend of 5% during the 9 month regular college term and 25% during the summer session. Overall, it was 10%.year, the last year`s rent was redeemable rent; it could be applied in full to the purchase price.

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If you’re serious about buying a home, cleaning up your credit should be the first item on your agenda. After going through

your credit report, identifying, paying off and closing most of your credit cards, your next step is to shop for a mortgage. In this article, we’ll go over the preliminary steps of getting pre-qualified and/or pre-approved for a mortgage, and then we examine the different types of lenders.

Pre-QualificationTo pre-qualify for a mortgage, you meet with a lender and provide information about your assets, income and liabilities. Based on that information, the lender will roughly estimate how much money you can borrow. The entire process is informal. The lender does not verify the information provided, nor charge

you a fee, and he does not formally agree to approve a mortgage for the amount you are pre-qualified to borrow.While the pre-qualification process does not guarantee loan approval, it does give a general idea about how much money lenders are willing to provide you. This gives you a number to work with, helping you decide whether you are willing and ready to borrow that much money, and to see which types of properties fall within your price range.

Pre-ApprovalThe pre-approval process is more formal than the pre-qualification process. With pre-approval, the lender checks your credit, verifies your financial and employment information and confirms your ability to

qualify for a mortgage. Pre-approval strengthens your position to make an offer when you find a property that you like - sellers are generally more willing to accept offers from pre-approved buyers, who have already shown that they can actually afford to purchase the house.

Choosing a LenderMortgage brokers and banks are all popular sources for mortgages. While no single source offers the perfect solution for every shopper, knowing the pros and cons of each type of lender will help you choose the one that’s right for you.Mortgage brokers are responsible for helping more borrowers obtain loans than any other source. They have access to a

4 Steps To AttainingA Mortgage

Mortgage brokers are responsible for helping more borrowers obtain loansthan any other source.


large number of mortgage providers and shop the marketplace on behalf of their clients. Mortgage brokers can be particularly valuable if you have damaged credit or are in the market for an unusual type of loan. Of course, mortgage brokers don’t work for free, and their fees can sometimes be excessive. Be sure to look before you leap. The time you spend comparison shopping could save you hundreds of dollars in commissions and document-processing fees.

Banks are a traditional source of mortgage funding. If your local bank offers a good interest rate and attractive terms, there’s no reason not to take the loan. If they don’t, there are plenty of other banks in town. The primary drawbacks to working with banks is that each bank generally offers only a limited number of mortgage programs, and banks are not usually flexible when it comes to negotiating fees.Real-estate agents often play a major role

in introducing their clients to lenders. Since real-estate agents make their living selling houses, they naturally have good contacts in the mortgage industry, serving as a major convenience for their clients. Instead of spending time shopping for loans, many homebuyers are pleased to work with a lender their real-estate agent recommends. Like working with a bank, working with a lender recommended by a real-estate agent may offer limited choice of vendors as well as higher costs.

Online LoansShopping online has become an increasingly popular method of gathering information and obtaining loans. It’s quick, convenient and enables you to contact multiple vendors simultaneously. You don’t have to leave home, and you can shop anytime, day or night. Even if you ultimately get your mortgage from a bricks-and-mortar establishment, the data

gathered from online vendors will provide a wealth of information for comparing loans and negotiating terms.

The Bottom LineWhen shopping for a mortgage, there are a variety of loans, vendors and methods of shopping. The best way for each homebuyer to approach the process is largely a matter of personal preference. Some homebuyers are looking for the lowest-priced program, while others prefer the most convenient. Personal relationships and specific loan requirements also play a role. While there is no right or wrong method, a little advanced planning and careful shopping will be well worth the effort.

By James E. McWhinney

CLASSIFIEDS

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

House for Rent Mikocheni Bnear Academic primary school 3 bedrooms,

2 bathrooms, enough parking,+255 762 210 893 / +255 713 301 172

House for sale.The house is 500 meters behind Shamo parkat Goigi Bagamoyo road Clean title, 900 sqm,

0715 686 051

MASAK

I

House for sale Peninsular with the 2000 sqm plot size. Ready to move in house.

Price Negotiable0763 382 231

SALE Plot for sale at magomeni usalamaAlso available for rent at

Negotiable Price, We accept your Offer0712 619 601

MBEZI B

EACH

Big compound with big go-down capable of up to20 containers, 3 phase electricity,

DAWASCO connection, 2 bedroom house fully kitchen,dinning room and 4 bedroom servant quarter

0688 210 891/ 0758 210 891

790 sqm to let, ideal for super maket, bank,clinic.22 USD per sqm inclusive of service charge

0763 382 231

Beautiful 5 bedroom house for rentwith Swimming pool,

generator and large car parking space0716 998 864

Office space to LetMorogoro and Bibi titi Road.

0789 865 933 / 0788 44 04 66

SALE TSHS 800mOn 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

MASAK

I

RENT $5000

CITY C

ENTR

E

RENT

Flat for sale at kariakoo, Agrey street.Ideal for office at Negotiable Price

0767 324 415/ 0767 999 512 / 0713 324 415

500m behind Shamo park at Goigi Bagamoyo road. Clean title, 900 sqm, main water supply,

three phase power connection. 0715 686 051

LIST YOUR PROPERTY HERE FOR ONLYTSHS 30,000/= VAT EXCL.

simply call 0767 200 [email protected]

RENT $21

UPAN

GA,

Bagamoyo Town near by Millenium Hotel and College of Arts, 250 meters from Bagamoyo Bus Stand,

0624 116 018/ 0758 266 860

ON REQUEST

BAGA

MOYO T

OWN

Beach plot for sale near Millennium Hotel100 meters from the ocean with

government offer of 35 years0754 310 137 / 0713 451 395

SALE $177,000.

BAGA

MOYO

SALE Tshs 340m

MBEZI B

EACH

SALE TZS. 23,000 @SQM

MPIJI

MIKOCH

ENI,

RENT $700

SALE TSHS 400m

SINZA

MBEZI B

EACH

SALE 360m

MLANDIZ

I

Plot for rent TangaWell fenced more than 30 acres plot at kasela.

0754 324064 0754 529 829

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

SALE

CITY C

ENTER

House for Sale at Tegeta kwa ndevuwith 3 houses.

Price is Negotiable0624 116 018/ 0758 266 860

SALE Tshs 1B

TEGETA

, KWA N

DEVU

SALE TSH 55m

KIGAM

BONI

SALE Tshs 250m

MAGOM

ENI

RENT $22

ILALA

RENT

3 Bedroom house Sinza kwa Remmy nearThe Place Fast Food Restaurant

288 SQM (NEGOTIABLE)+255 767 422 258

Goba, 31,000 per square meter8 acres available for sale

+255 786 011 755 or 763 011 755

GOBA

SALE TSH 31,000/=@ SQM

NJIRO

, ARU

SHA,

RENT $800

TANGA

Newly build two semi-detached houses for rent.Each with 4 bedrooms, on-suite master bedroom,

0689 093 112 / 0789 911 635

CLASSIFIEDS

Plot for joint venture at msasani kimweri street0712 86 39 51

18 acres property for sale at masaki peninsularideal for investment project. Negotiable Price

0763 382 231

Plot size 1985 SQM+255 766 888 333

+255 716 444 888 +255 766 100 100

Apartment in Mikocheni B, 5 mins from BARAKA PLAZA2 & 3 Bedrooms,Semi furnished, Unfurnished

+255 713 299 929 | +255 758 008 866 |+255 758 188 828

TEGETA

Fully Furnished 3 Bedrooms house for rent at TegetaNamanga about 400 meters from Kibo Complex

with Paved Parking and Fitted Spanish Kitchen withUtensils.

0754 612 969/ 0788 612 969

RENT $850 House to let opposite Mlimani City(100 meters from UDSM road).

3 bedrooms, 24 Hr Security, electric fence,garden parking, servant quarters

+255 713 690 220

KIBAD

A

Plot for sale at Kibada, 765sqmBlock 15 near main road with the title deed

0713 803 069

Beach property available for sale in the peninsular. Price Negotiable

0763 382 231

3 bedroom, Unfurnished. Generator, Parking,Good Neighborhood, Balconies, Fitted Kitchen.

+255 784 772 268+255 784 772 268

2 bedroom house, 1 self-contained Parking space Furniture negotiable High ceilings Private garden

+255 754 781 240

3 bedroom house, 1 self-containedLarge compound Parking space

Furniture negotiable High ceilings Private garden +255 754 781 240

SALE TSH 40m

Tegeta Mivumoni, 1600sqmPlot for sale at Tegeta, Mivumoni. no title deed

0713 803 069

MSASA

NI

RENT $ 1000/ SALE $ 80,000

KAWE T

PDF G

ROUN

DS

RENT $800

For Residential Houses - 20 by 30 square meter plots 3 plots available for sale

+255 786 011 755 / 763 011 755

5 bedroom house for rent at Ungindoni Kigamboniwith large compound, servant quarter and garage

0685 215 737 Office Space to Let at Azikiwe Street near NMB Bank.+255 788 440 466 / +255 789 865 933

LIST YOUR PROPERTY HERE FOR ONLYTSHS 30,000/= VAT EXCL.

simply call 0767 200 [email protected]

SALE

NO PHOTO

NO PHOTO

MASAK

I

Apartment for sale in Kariakoo - Tandamti St,3 Bedrooms, 2 bathrooms.

+255 715 71 07 07

FOR SALE TZS 150M

KARIA

KOO

SALE

MASAK

I

RENT $1200

MIKOCH

ENI B

Joint venture

MSASA

NI

SALE TSH 45m

TEGETA

KINON

DONI

SALE TSHS 120m

CITY C

ENTER

RENT

MLANDIZ

I

Bunju B these plots are suitable for development a School, Hotel, Multi-Purpose Hall,

3 Acres +255 786 011 755 / 763 011 755

RENT $ 800

Villas in Mikocheni Area,5 mins drive to Kairuki Hospital,

Shoppers Plaza & Milenium Towers.+255 715 180 872 | +255 784 691 414

RENT $750

KIGAM

BONI

Plot for sale at Kigamboni Kibada800 meters from the road, with 3500sqm.

with Tittle Deed. NO AGENTS PLEASE0769 115 502

SALE TSHS 185m

KIGAM

BONI

RENT $1500

MIKOCH

ENI

House to let opposite Mlimani CityRENT $900

MWENGE

SALE

MASAK

I

SALE TSHS 51,000 /@sqm

BUNJ

U B

SALE TSHS 30,000/@sqm

BOKO

KAWE T

PDF G

ROUN

DS

House for sale at Masaki peninsular with the1500 sqm plot size. Price Negotiable

0763 382 231

40 The DarProperty August 2014

NIKUZE REAL ESTATE AGENCYMorogoro RoadP.O Box 10032 Dar Es SalaamTel: +255 789/754/715/ 363 800Email: [email protected]

PHOTO & CO.ESTATEKahama Road/Msasani peninsulaP.O BOX 105121 Dar es Salaam.0786 962 444Email; [email protected].

PROPERTY CONSULTANCY & SERVICES LTD2nd Floor Kevin House - Samora AvenueP.O BOX.7152 - Dar Es Salaam+255 22 2120402, +255 713 690 [email protected]

PRESTIGE PROPERTIESPhone: +255-713-764-447/ 0767471293Tel:+255-22-266-4373Email:[email protected]

TANGANYIKA ESTATE AGENTSSea Cliff Village (next to Sea Cliff Hotel)Plot 532, Toure Drive+255 742 074 [email protected]

TRELD COMPANY LTDP.O BOX 7656 Dar es SalaamLocation Msasani Peninsular off toure drive+255 732 222 888, +255 716 777 [email protected]

ARUSHA AWESOME HOMES AND PROPERTIES. Shanti House,Plot 58 Block E Sokoine RoadP. O. Box 249 Arusha, [email protected]+255 754 337 899 / +255 786 337 899

HOMES & PROPERTY AGENCIES LTDLand Surveyors & Property ManagersP. O.Box 10079 ArushaBoma Rd. Arusha0787 [email protected]

TANGANYIKA ESTATE AGENTSShoprite Complex,+255 785 984 467 [email protected]

ZIPO HOMESRivergardens Business Park, Rm 4P.O Box 20 Usa River, Arusha+255 787 474 580/+ 255 754 320 [email protected]

MWANZAESTATEMwanzaestate.com+255 714 245 [email protected]

Zanzibar - properties.comTel: +255 774 44 19 07Hotel Marine - Malindi Zanzibar

ABLA ESTATE DEVELOPERS & AGENCY CO.LTDMikocheni Opposite Shoppers PlazaP.O BOX 3810, Dar es SalaamTel +255 22 2772506E-mail: [email protected]

CHINESE PROPERTY AGENT TRANSLATORMsasani Road, MasakiEnglish Chinese TranslatorDealing with your chinese clientsms 0756 50 11 [email protected]

GIMCO ESTATE AGENCY LTDSamora Ave, NIC Investment Hse,P.O BOX 8382 Dar es salaam Tel +255 22 2120988Mob +255-784 900041

GOLDBERG COMPANY LTDReal Estate & Mining TradeP.O. Box 22159 Dar es SalaamOld Bagamoyo Rd, Mikocheni B,0715 270 517 / 0754 270 [email protected]. goldbergtz.com

NEW DAY PROPERTY AGENCY COMPANYMwinyijuma Road - Kinondoni,Room no.84, UVCC Complex+255 753 645 434, +255 717 035 552+255 767 575 758www.facebook.com/ raymond samson Laizer

KEY REAL ESTATE SOLUTIONSRegent Chwaku North UrsinoTel: +255 22 27016740715 053 803, 0786 053 803,0754 28 46 84mariam@keyrealestatesolutionstz.comwww.keyrealestatesolutionstz.com

MY BEACHOld Bagamoyo Rd. opp Yuasa auto impexP.O BOX 105200. Dar es SalaamTel; +255 22 2701710

Real Estate AgentsDirectory in TanzaniaDAR ES SALAAM ARUSHA

MWANZA

ZANZIBAR

ENHANCE YOUR VISIBILTY & CREDIBILITYGET LISTED HERE WITH YOUR LOGO

Tshs. 48,500/= Monthly / Tshs. 500,000/= Annually+255 784 23 89 62, 0688 75 18 68 | [email protected]

+255 756 960 960, +255 714 444 250, +255 752 444 606.

ARUSHA +255 653 005 530, MWANZA +255 653 005 535,

[email protected] TZREALESTATE.CO.TZ


ARUSHA

ENHANCE YOUR VISIBILTY & CREDIBILITYGET LISTED HERE WITH YOUR LOGO

Kshs. 2,500/= Monthly / Kshs. 25,000/= Annually+255 784 23 89 62, +254 720 35 34 37 | [email protected]

AXIS REAL ESTATE 0727 5728360713 908 [email protected] Nairobi Kenya

ARK CONSULTANTS LTDNo. 16 Nas Apartments,Milimani RoadP.O. Box 42093, 00100Tel: +254 20 2726870www.arkconsultantsltd.com

CORAL PROPERTY INTERNATIONAL LTD+254 735 [email protected]

DUNHILL CONSULTING LTDHevea Court, Block A3, No.15,Eldama Ravine Road, WestlandsTel: +254 786 386 445www.dunhillconsulting.com

FINANCIAL AND PROPERTYCONSULTANTS LTDArbor House, Arboretum DriveP.O.Box 14459-00800 NairobiTel: +254 722 524383www.fapl.com

HALIFAX ESTATE AGENCY LTDCrossway Road, WestlandsTel: 3741269/[email protected]

HASS CONSULT LTDABC Place, 1st Floor, P.O. Box 14090, NairobiTel: +254 20 4446914www.hassconsult.co.ke

KARENGATA PROPERTY MANAGERSHead office: No.47 Marula lane, KarenP.O BOX 1552, Karen. 00502,Nairobi.0733613744 / 0735099932

KENYA VALUERS AND ESTATE AGENTS LTD3rd Floor, Museum Hill Centre,P.O. Box 48209, Nairobi Tel: +254 20 3745697/512 www.kenyavaluers.com

KNIGHT FRANKLion place, Waiyaki wayTel +254 20 4239000 / 0733 [email protected]

PENTA KENYA LTDTropical lane off Wood AvenueP.O Box 101493 00101, NairobiTel 0731471872 / 0711 [email protected]

PROLAND REALTORS LTD6th Floor, Maendeleo House,Monrovia StreetP.O Box 29509-00100 NairobiTel: +254 720 353437www.prolandrealtors.co.ke

PROFESSIONAL PROPERTYMANAGEMANT LETTING & SALES0708 8484810733 785698 160662 Nairobi Kenya

SEMA ESTATE AGENTSSpringette Office park, Block H2, Lower Kabete Road.Tel 020 2017940 / 0725 [email protected]

Tel +254 20 4239000 / 0733 603260COMING SOON

RWANDAREAL ESTATE

AGENCYDIRECTORY

Real Estate AgentsDirectory in Kenya

ADAMAS..........................................................................3

AZIZ.....................................................................22 & 26

BOA..................................................................................1

CES.................................................................................27

CHOKOLE.....................................................................29

CRDB.................................................................................5

CURTAIN WORLD .......................................................22

DAR CERAMICA CENTER...............................................4

DCB BANK.....................................................................23

EAST AFRICAN SOLAR CONSULT............................36

HANSON SECURITY DOORS.......................................2

HOME POINT................................................................44

HOTEL SAPHIRE............................................................36

IVORY TOWER................................................................9

KINGS FURNITURES.....................................................15

MARINA TOWER..................................................18&19

MASUMIN........................................................................8

MIYOMBO FURNITURES.............................................21

NEVADA PROPERTIES....................................1 & 10,11

OCEAN LINK................................................................39

REEF APARTMENT............................................................6

RELIABLE ESTATE AGENTS..........................................30

REMAX.............................................................................1

ROKA PROPERTIES.......................................................31

SHANGHAI MTSUBISHI ELEVATORS.........................12

SIMBA CEMENT...............................................................1

TANGANYIKA REAL ESTATE.........................................7

TWIGA CEMENT.............................................................1

VITA FOAM...................................................................14

WINTECH......................................................................43

PATRON PAGE NO

PATRONS

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PublisherDarproperty Tanzania

Editor In ChiefLarson Chumi

[email protected]

Business Development & ProductsAbdallah MugasaYusuph MhandoJaneth Samwel

Designs & Layouts Dennis MaungaMussa Khamis

[email protected]

Marketing & SalesMichael Francis

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DistributionBoniface Metta

Online Content ManagerMbwana MburaAloyce Mkude

Finance Administration ManagerIsmail Mutanda

Public Relation OfficerMaria Urassa

Accounts ExecutivesGrey Mateni

Faraji SenkoroMoreen MremaLucynancy John

Office Assistant.Brigita Laurance

Regulatory & Legal AdvisorsABC Attorneys

Mikocheni B - Bima road,P.O. Box 105499 Dar es Salaam

+255 22 2780 517+255 784 238 962,+255 713 751 868

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For Comments, Complains & [email protected]

Country Director - KenyaXavier Nanchengwa

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

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.

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