darproperty november 2015

The Darproperty - August 2015 | 1The Darproperty - November 2015 |1

The

Issue No 44 | ISSN 1821-7753East Africa’s Ultimate Property GuideNovember 2015

www.darproperty.net FREE

COPYwww.darproperty.netFRFRF EEEEECOPOPO Y

Featuring Properties from Tanzania & Kenya

NOW IN MTWARA | +255 754 864 426 | +255 22 2138058 | [email protected] | www.realinsurance.co.tz

2 | The Darproperty - November 20152 | | The Darproperty - November 2015

”Tanzania´s leading land

& property broker”

Dar es Salaam

Tanga / Pangani

Arusha

FOR SALEMbezi Beach - 4 b/r

$ 695,000

Arusha Tanga / Pangani

Annabel Burdes

Partner Tanga / Pangani

Tel. +255 784 632 529

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Anders Wehtje Raphael Nondi

Founder

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Manager Dar es Salaam

Tel. +255 717 032 633

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FOR RENTSakina – 3 b/r$ 550 / month

FOR SALESaadani – 13 acres

$ 200,000

FOR RENTMikocheni – 3 b/r$ 2,300 / month

FOR RENTUpanga – 3 b/r$ 1,600 / month

FOR RENTOyster Bay – 4 b/r$ 3,400 / month

FOR RENTNjiro - 4 b/r

$ 450 / month

FOR RENTClose to schools – 2 b/r

$ 900 / month

FOR RENTSnow crest – 4 b/r

$ 650 / month

FOR SALEAmboni – 4,5 acres

$ 135,000

FOR SALEStahabu – 3,4 acres

$ 85,000

FOR SALEPangani – 2 acresPrice on request

www.tzagents.com

Contact

Dar es SalaamDar es Salaam

Property of the month!Sakina – Well Designed - $ 425,000

Great, well designed, multi-faceted property located on 1,5 acre plot in a good neighbourhood of Sakina. The compound contains numerous, equally well thought-

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fireplace. Further rooms downstairs include kitchen, bathroom and hallway. Beautiful floors with mosaic. Upstairs loft that presently houses a combined sleeping- / livingarea.

The main house also contains a ”wintergarden” styled livingroom – being a perfect place to entertain friends and family (or watch Manchester United on the big

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Email: [email protected] Email: [email protected]

Do not take chances with yourReal Estate Investment.

Go for TBS approved products.

Tanzania Bureau of Standards -TBSUbungo, Morogoro / Sam Nujoma Rd

P.O. Box 9524 Dar es Salaam, TanzaniaTel: +255 22 245 0298 | +255 22 245 0206

Fax: +255 22 245 [email protected] | www.tbs.go.tz

We approve standards of all kinds of building materials.From Institutions and Individuals.

14 | The Darproperty - November 2015

On 28 October 2015 all members of African Union for Housing Finance, involving public and private sector

met and held their 31st annual general meeting in Durban, South Africa, in this meeting AUHF express their commitment to making housing finance markets work in Africa. According to the AUHF, Africa’s housing finance sector has been going through considerable growth and change over the last decade, responding to the broader economic growth opportunities and rapid urbanization. Over the past decade, developers have been gearing up to build housing, and housing finance systems are reconfiguring themselves accordingly. There is evidence of housing delivery and, increasingly, the reality of affordability is being addressed with innovative products that pinpoint the particular needs of the market. Housing finance and mortgage markets are also slowly developing, and as economic frameworks improve, some investors are actively targeting the residential property sector.They added that, the activity is insufficient given the population growth and urbanization

pressures that are clearly evident in African cities. The rise and persistence of informal settlements and inadequate housing is a visual and lived expression of the failure of African finance and construction sectors, our policy and planning frameworks, and African land use management systems to engage with the reality of demand. African countries need to increase the scale of delivery, while decreasing the costs, so that more and better housing can be delivered on a sustainable basis.In accordance with the AUHF access to decent, secure, affordable housing is a crucial part of the African Agenda for 2063, and is the AUHF responsibility in terms of Goal 11 of the Sustainable Development Goals. These intentions, reiterated in the Draft African Common Position on Habitat III, frame AUHF expectations and commitments.AUHF have revealed that, housing must be paid for, by someone. And so, housing finance is a critical link in the housing delivery value chain. Whether through subsidies, savings, credit, or investment, the cost of housing must be covered by an investor – whether that is the state, the household, a developer or a financial institution – who trusts that

benefit will be derived from the investment. Whether the benefit is financial or social, or a combination of the two, efficient and effective housing finance systems make it possible for investors to realize a benefit that encourages them to keep engaging. If we are to have housing markets that work, we need housing finance markets to work.In their meeting, AUHF expressed that, housing affordability is a fundamental challenge that cannot be overlooked. With the majority of housing demand across Africa being expressed by first time home seekers without equity, and with low incomes, only a fraction of households can afford the housing currently being delivered by the private sector. Investment in innovative, low cost technologies and technical support to the housing sector can enable a new standard of affordability to meet the needs of our majority. Further, incremental construction approaches can spread the costs of housing over a series of more manageable steps, there for UAHF need to acknowledge the housing affordability reality with more realistic land use planning frameworks and delivery bylaws, and with innovative financial products that understand and respond

DECLARATION OF THE MEMBERS OF THE AFRICAN UNION FOR HOUSING FINANCE

(AUHF)


directly to the capacities of the market.Due to the fact that the mortgage instrument is a useful tool for making housing more affordable, and for enhancing the financial intermediation capacity of our economies but it will not serve the housing needs of the majority. AUHF members decided to work on all fronts addressing the macro-economic and monetary policy issues that enable mortgage markets to develop, while elevating the role that non-mortgage, housing microfinance initiatives can and do play.According to AUHF the housing backlog figures are frightening and there is a desperate need for the scale delivery of housing solutions, whether for ownership or for rent, that are affordable to the breadth of the population. In outlining the challenges, keynote speaker to the AUHF Conference, Dr Issa Faye, of the African Development Bank said that, in Nigeria alone, the backlog is estimated at 17 million units. South Africa estimates a 2.1 million housing unit deficit and has 1.5 million households living in slums. In Kenya, an estimated housing backlog of 2 million units is growing annually by 200 000 units; and in Morocco, the 800 000 unit backlog is growing annually by another 178 000 units. These figures are replicated across the continent. Delivery of new housing is not even keeping pace with growth, not to mention addressing the backlogs.AUHF recognized that the problem of high housing backlog driving the increasing pressure on our cities. Also they recommended that delivery capacity is fundamentally influenced by policy and regulatory systems, access to construction finance and equity, efficient payment regimes, of course, effective demand for housing.Policy is fundamental to efficient housing finance systems. From macro-economic, tax and monetary policy through to land use frameworks, building codes, labour law, and so on, government sets the rules and enables the pathways that the private sector can follow to deliver good and effective housing solutions that are affordable to the population.Private investors, lenders, and development finance institutions are powerful players with the ability to influence development trajectories and the realm of the possible. While policy must create and nurture an enabling environment, the investment sector must also actively seek niches in which they can engage, and grow these to continuously expand access to lower income earners. We also understand that we need to engage with the reality of informality and develop mechanisms to accommodate this in our approaches. This will take long term, committed investment, and a vision that appreciates the potential of the market of the future, notwithstanding the challenges faced today.Partnerships: The housing finance challenge is not just a challenge of financial engineering,

but was also tied fundamentally to the housing delivery value chain. The complexity of the housing process makes partnerships a necessity. These need to be well structured, however, with each player taking a role appropriate to its own capacity.The role of government is to set an appropriate and enabling legal and regulatory framework, and to lead in the provision of serviced land for housing. Government can also provide legislative innovation and budgetary support for specific development objectives in the housing sector, such as VAT relief on newly constructed units sold to target market households. Full subsidisation is not required, however, as financial institutions have the capacity and appetite to provide development capital, risk mitigation products and end user finance. Development Finance Institutions can provide additional capital, technical assistance and targeted risk sharing mechanisms. With the legal and financial framework in hand, developers can then drive the initiative with their development expertise, also taking part of the risk. Lastly, households themselves, have a variety of capacities to contribute towards the realisation of their housing needs whether financially or with their labour. Public private partnership arrangements are risk-sharing arrangements in which parties bring together their resources and use these collectively to realise the objectives of the project and effectively manage its risks.

UAHF urged the governments to address the following critical challenges:

Transparent land management systems: the investment of capital in housing markets depends on legal frameworks that confirm and support ownership or tenancy rights, and allow property to be used as collateral for access to credit. Sound planning frameworks that promote the growth of sustainable human settlements are a critical part of the enabling environment on which investment depends. Governments across Africa should streamline and prioritise their land legal frameworks, establishing and improving appropriate and sustainable titling systems, ensuring security of tenure, and clarifying and upholding rights of occupation and use, all in favour of effective housing markets.

Investment in infrastructure and serviced land for housing: a key constraint facing housing developers in the delivery of housing at scale is access to serviced land for housing. Government can facilitate increased construction by making land available through its regulatory and other levers, and investing in bulk infrastructure to support this. As cities develop, the establishment of effective rating and collections systems can also build municipal capacity to further meet the need on an ongoing basis, while also establishing critical contracts for local citizenship.

Attention to the housing impact of macro-economic and monetary policy: the growth of the housing sector in Africa demands greater financial innovation that increases the capital available, whether for lenders, developers, or households themselves. Our capital markets are shallow and secondary markets are ineffective. A critical issue for attention by policy makers is the creation of an environment conducive to long term funding and increased investment. The role of the central bank and monetary policy is fundamental in this regard. Key areas for policy attention include interest rates, inflation, tax policy, currency risk, capital requirements and other macro-economic issues that impact on housing.

Accommodation of non-mortgage, housing microfinance as a viable and central component of a national housing finance framework: housing financing systems that accommodate the financial capacities of the majority are critically needed and cannot be overlooked in favour of unrealistic expectations of wide-scale mortgage finance.There are very positive examples of inclusive housing finance systems across the continent, but these are not yet operating at the scale required. Governments can assist in promoting non-mortgage housing finance systems through the active and regulatory promotion of developmental credit, effective and appropriate credit regulatory systems, and the establishment of land use management systems that provide for and facilitate incremental housing delivery approaches.

Consistent national housing policy and regulatory framework. The long term nature of housing investments makes the current situation of policy uncertainty critically important. Unpredictable regulatory changes, complex legal frameworks and volatile local currencies all limited investment timeframes and challenge exit strategies, encouraging investors to look elsewhere, or upmarket, where the capacity to absorb costs is greater. Government policy can have a significant impact on investor interest and market participation, simply by being reliable and timely. At the same time, good policy can improve the reach of good investment – extending the benefits of investor interest to a wider array of people, and critically, down-market.

All members of the AUHF, confirmed their commitment to the development of sustainable housing finance markets that address the broad spectrum of needs in the countries and regions throughout Africa. As individual housing sector practitioners, and collectively as members of the African Union for Housing Finance, AUHF were committed to:


• The development of appropriate housing and housing finance products that are affordable to our populations, that respond appropriately to the reality of informality, and that contribute effectively towards adequate housing for all, across our nations.• The mobilisation of capital resources, long term and in local currencies, debt and equity, with the appropriate risk underpins and supportive frameworks to encourage the participation of a diverse range of investors across the range of housing solutions, and to enable developers to grow their capacity to operate at scale.• The realisation of scale delivery that meets the growing demands for housing with realistic, affordable products, including the delivery of affordable, well-managed rental housing at scale.• The establishment, and consolidation, of sustainable and robust institutions throughout the housing supply chain, and the provision of capacity support, technical assistance and professional development.• The collection, analysis and dissemination of evidence based information on effective housing finance practice and the performance of the housing market. In this, we are committed to sharing best practice and building track records that can be monitored on an ongoing basis, setting benchmarks for our peers and one another, in support of more effective housing markets across the continent.• Increased dialogue and engagement between the public and private sectors, at a local, national, regional, continental and international level.• Working in collaboration with each other, and other stakeholders, whether in the public or private sectors, to promote the realisation of sustainable human settlements across Africa.The AUHF is keen to engage with respective governments on both micro and macro-economic issues, including interest rates, tax and monetary policy, and housing and land policy as it influences the growth and performance of housing markets. The AUHF and its members look forward to working with governments and other stakeholders, in respective countries and across the continent, in promoting the investment capacity of Africa’s housing sector and meeting the housing needs of its residents.

The above information was shared by Mr. Oscar Mgaya. The Newly appointed Chairman of AUHF who is also, Chief Executive Officer.

>> AUHF

PUBLIC ANNOUNCEMENT

Oscar Mgaya elected to be Chairman of the Board of the AUHF

Tanzania Mortgage Refinance Company Limited (TMRC) Chief Executive Officer MrOscar Mgaya has been elected to be Chairman of the Board of the African Union for Housing Finance (AUHF). This was announced in advance of the 31st AUHF Annual Conference and AGM which took place in Durban, South Africa 26th – 28th October 2015. MrMgaya is taking over from Mr Colin Chimutsa who was Chairman of the AUHF Board for 3 years.

Mr Mgaya has been serving the AUHF board since September 2012. Recently, he was also elected to be a member of the Executive Committee of the International Union for Housing Finance (IUHF). He has over 20 years of commercial real estate and financial services experience. Prior to joining TMRC, Mr Mgaya was Director of Real Estate for Limited Brands in the United States. He previously also worked for JP Morgan Chase, General Electric Company and Merrill Lynch. He received both his Bachelor of Arts degree in Finance & Management, as well as his Masters of Arts degree in Management from Walsh University in the United States.

Other AUHF Board Members include MrCasCoovadia(South Africa), MrReginald Motswaiso (Botswana), Colin Chimutsa(Zimbabwe), Femi Adewole (Kenya), Charles Bonsu (Ghana), DrCharles Inyangete(Nigeria) and MrOmar Sarr (The Gambia).

TMRC is a specialized private sector financial Institution that provides long-term funding to financial institutions for the purposes of mortgage lending. It has the objective of supporting financial institutions to do mortgage lending by refinancing Primary Mortgage Lenders' (PMLs') mortgage portfolios. This type of lending is also known as wholesale or secondary market lending. TMRC is neither taking deposits nor lending directly to individuals. It refinances mortgage loan portfolios rather than extending mortgage loans to individual and caters to banks rather than individual borrowers.

The AUHF is a member-based association of mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing on the African continent. The AUHF was established in 1984. The AUHF currently has 48 member organisations from 17 countries: Botswana, Ghana, Kenya, Mauritius, Namibia, Nigeria, Rwanda, Seychelles, South Africa, Swaziland, Tanzania, The Gambia, Uganda, United Kingdom, United States of America, Zambia and Zimbabwe.

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Tanzania in recent years has witnessed a huge influx of foreigners and being amongst the leading recipients for

foreign direct investments, this demonstrate the success of the government’s investment policies and measures to make Tanzania an even more attractive investment destination.Recently during the laying of the foundation stone at one of the NHC projects in Dar es salaam, the NHC Board Chairperson, Ms Zakia Meghji, made a request to the then President of Tanzania, Dr. J.M. Kikwete, seeking amendment of laws to allow foreigners to buy housing units, President Kikwete said a formal request should be forwarded to the government for consideration.Dr Kikwete said not all houses and buildings in developed countries are owned by locals

but foreigners who are allowed to buy and are given conditions to follow if they want to construct a building.“In Dubai, South Africa and other developed countries, this method applies, which is a big catalyst to those countries economy. We should not be our own stumbling block in achieving our goals in development,” he emphasized.The president`s remark received mixed reactions from different stakeholders, including local and foreign investors.One investor mentioned that, “I think the President is right, we need to welcome more foreign investors and allow them to buy properties in Tanzania that is the only way to make the industry more vibrant and truly making ourselves global citizens.”

It was not the same to some individual, Mr. J.Chiwalao, a Tanzanian living in Kigali, Rwanda, Commented, “The review on fixed asset ownership is a broad thing, perhaps, there few things to be corrected to fit the current demands and needs for the betterment of our community, but, I am against the move taken by the Corporation to categorically seek the review, The corporation`s primary role is to provide or facilitate the provision of houses and other buildings in Tanzania, their focus should be the local market, with a deficit of over 3 million units and 200,000 more units every year their focus should have been tailored to satisfy this ready demand rather than ignoring it.

Discussion countinues on our website & social media platforms

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6 Bedrooms 7 Bathrooms Air condition Swimming poolHot water

3 Bedrooms 360 Balcony4 Bathrooms Near main roadAmple parking area

5 Rooms, Conference Hall, Main road located, 2 Kitchens Strong room,generator room

3 Bedrooms Garden3 Bathrooms Lake viewBasement

3 Bedrooms 2 BathroomsAmple parking Wire fenced

3 Bedrooms 2 BathroomsFencedAmple parking

4 Bedrooms Security guards4 Bathrooms Lake viewAmple parking area

3 Bedrooms,1465 Square meters, Ideal locationNear town

3 Bedrooms Servant quoterNear town1493 Square meters

900 Square meters Fully fenced Located by the main road

1500 Square meters 4 bedroom house includedNear main road

546 Square meters Nyerere road

1 Acres Lake shoreAccessibleNear Jembe Beach

2 BedroomsNear Hindu Mandal hospital

Self contained 10 bedrooms,sold with furnitures3 bedroom house behindthe lodge.

Bedrooms, furnished,near town

FOR RENT - Bwiru OFFICE FOR RENT - Mwaloni FLAT FOR RENT - Ilemela FOR RENT - Capri point

FOR RENT - Buswelu FOR RENT - Capri point FOR RENT - Nyegezi FOR SALE - Capri point

FOR SALE - Capri point PLOT FOR SALE - Igogo GODOWN FOR RENT - Igogo OFFICE FOR RENT-Nyerere rd.

FOR SALE - Luchelele FOR SALE - Buswelu FOR RENT - Capri point FOR SALE - Isamilo

$4000 $2200 $1000

Tshs. 340,000/=

$400

Tsh. 420,000/= $600$350

Tshs. 160m $3600 $4000

Tsh. 290m $300/ $800

$1000 $1000

$1000 $300,000

$250,000

Tsh150m

REAL ESTATEThe ABCs of REAL ESTATE MARKET

Mortgage out To obtain fi nancial in excess of the cost to contract

a project. During easy-money periods, DEVELOPERS could mortgage

out by obtaining a permanent loan commitment based on a high

percentage of the completed project’s value. This enable the developer

to borrow more than the cost of developing the project. Since then

opportunities to mortgage out have been virtually eliminated by

lower LOAN-TO – VALUE RATIONS, higher capitalization rates and

higher construction costs.

Example : A proposed offi ce building is projected to produce annual

net operation income of $100,000. At a capitalization rate of 10%,

the building is worth $1,000,000. A takeout loan commitment is

obtained for 80% of value, or $800,000. The developer requires

only $750,000 to purchase the land and contract the building. The

$50,000 excess cash available to the developer represents the results

of the developer mortgage out.

Megalopolis large sprawling urban area. Often refers to the

merging if different metropolitan areas into an unbroken stretch of

urban development

Example: The northeastern coast of the United States from Boston to

Washington, D,C., often is considered one big megalopolis .

Eviction a legal proceeding by a lessor (landlord) to recover

possession of property.

Example: When the Tenant fails to comply with the lease agreement

(skipping rent payments, unauthorized use of the property, etc,) the

landlord may seek eviction of the tenant. If successful, this action will

terminate the rights of the tenant to use the property.

Dutch auction a bidding process in which the asking price is lowered

gradually until someone places a qualifying bid.

Example: The home was offered in a Dutch auction beginning at

$150,000. The auctioneer lowered the price gradually in $5,000

increments until s bidder was found willing to pay $120,000.

Therefore, the home was sold for $120,000.

Revocation an act of recalling a power of authority conferred as a

revocation of a power of attorney, a license, an agency, etc.

Example: The revocation of Abel’s broker’s license, caused by his

fraudulent acts, prevented him from earning a living in real estate.

Salvage value the estimated value that an asset will have at the end

of its useful life.

Example: An appraiser estimate the useful life of a building at 40

years; she also estimates that the building’s salvage value would be

$10,000 in 40 years. Consequently, all but $10,000 of the building

cost is to be depreciated over 40 years.

Average Mortgage inTZS2014

62m 65m 11%

2015 Changes

Mortgage Growth (Total) Leveling (in TZS)

158B 250B +59%

2014 2015 Changes

Retail Office Spaces Central Business DistrictCommercial Occupancy Rate% (CBD)

67% 59% -12%

2014 2015 Changes

Average Selling time forHouse at Market Pricen in TZ

2.5yrs 2.1yrs

2014 2015

Commercial Occupancy Rate (Out of CBD)

73% 71% -3%

2014 2015 Changes

Joint Saving

43% 7% 38% 3% 9%

Mortgage Ones Saving Joint Mortgage Other

Home Buyers used Finacing Options

Average Advertising Rental Prices for a 4 (four) Bedroom Property in selected Areas in DSM

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Average Advertised Sale Prices for a 100 sqm Property in selected Areas in DSM

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series 3

A double storey GUESTWING in a secure and neat compound. Living Room, Dining Room, 2 Bedrooms, 2 Bathrooms (1 Ensuite), Cloakroom & Kitchen.

A spacious double storey house on ½ acre in this secure residential area.

Bedrooms, Cloakroom & Kitchen. Garage, 2 Staff Rooms.

MUTHAIGARUNDA MIMOSA TO LET: )egrahc ecivreS( =/000,5.shsK .htnom rep =/000,041.shsK

Ref. 52

TO LET:Kshs.400,000/= per month.

Ref. 69

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.

A 0.5 acre plot located in this secure & developed part of Runda Estate.• Level plot.• Services available.

A modern and secure FOURTH FLOOR APARTMENT conveniently situated in a development of 15 at the junction of Kabete Lane & General Mathenge. Lounge, Dining Room, 4 Bedrooms, 3 Bathrooms with bide (2 Ensuite), Cloakroom, Kitchen & Utility Room. Swimming Pool, Inverter for power backup, 1 DSQ, 2 Car Parks.

A prime FREEHOLD plot for development of MULTISTOREY FLATS. – 0.759 ACRE. There is a delightful old style house which will sadly be lost.

RUNDA – RUAKA DRIVE

RUNDA – BENIN DRIVE

LOWER KABETE – OFF GENERAL MATHENGE DRIVE

LAVINGTON, OTHAYA ROAD

FOR SALE:Kshs. 93 Million.

Ref. 59

FOR SALE:PRICE GUIDE:Kshs. 42 Million.

Ref. 12

FOR SALE:Kshs. 38 million.

Ref. 47

FOR SALE:PRICE GUIDE Kshs. 250 MILLION

(Offers Invited)Ref. 73

A FREEHOLD plot of 0.786 OF AN ACRE with an old style house. AN IDEAL PLOT FOR THE REDEVELOPMENT OF TOWNHOUSES.

LAVINGTON, O WASHIKA ROAD

– OFF ISAAC GATHANJU ROAD

FOR SALE:PRICE GUIDE: Kshs. 190 Million.

(Offers Invited)Ref. 74

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.

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.

WESTLANDS FOR SALE:Kshs. 45 Million.

Ref. 77

RUNDA TO LET:Kshs.350,000/= per month.

Ref. 52

A cozy house on ½ acre of mature garden in this secure part of Runda Estate. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (1 Ensuite), Kitchen & Study. Includes 2 Ensuite Guestrooms.

RUNDA – OFF RUAKA ROAD

FOR SALE:Kshs. 100 million.

Ref. 10

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.

LOWER KABETE FOR SALE:Kshs. 80 Million.

Ref. 48

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.

FOR SALE:Price Guide Kshs. 640 Million (Offers Invited)

Ref. 104

KAREN, MIOTONI ROAD

Price:

Ksh. 16 M

th4 Floor, Nginyo Towers, Koinange St.

Tel: 020 222 5338, 0735 126 839, 0726 790 685, 0728 992 531P.O Box 19018-00100, Nairobi

Email: [email protected] Website: www.lionsproperties.co.ke

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.

KILELESHWA

ChesanChesanAPARTMENTS

Starting at

3 Bedroom master en suite with SQ

CLASSIFIEDS

Plot for sale located at Morogoro CBD - Boma rdsurveyed location Plot size 2977 SQM+255 754 310 583 +255 786 088 600

4 bedroom house800 square meter 1 min from main road

300 yards from the beach.+255 655 323 286

House for rent in Masaki 6 bedrooms,+255 754 526 535

KAWE B

EACH

4 Bedrooms, 3 self-contained,Servants quarters, parking space and security.

0784 630 182 / 0787 555 911

RENT $1500 3 Bedroom apartments

Fully furnished, Swimming pool, Gym,standby generator, security

+255 684 468 468

MASAK

I

4 Unfurnished bedrooms atMasaki Haille selassie

0754 526 535

Showrooms & warehouses available along the nyere road new complex

+255 684 468 468

3 Apartment in one compound2 bedrooms self contain. 2 gates

Easy access to harbour and city center.+255655323286 [email protected]

3 bedrooms Apartment, 24hrs, parking space, Standby generator, Gym, Fully furnished

+255 652 360 101

Firdos Apartment a modern Building LocatedMorogoro and Bibi titi Road.

Contact 0789 865 933 / 0788440466

RENT $5,000

Beach Plot Kigamboni Mbutu (Kichangani)Dar es Salaam Size 3.83 Hectres with title deed.

+255 767 422 258

MIKOCH

ENI A

SALE Tsh 260m

CITY C

ENTR

E

RENT

Shreeji Tower3 bedroom fully furnished

+255 715 000 642

Newly constructed apartment for rent at mbezi beach,24 hours security accessible to tarmac road

0777 667 115 / 0715 667 115

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

simply call 0767 200 [email protected]

SALE 100,000,000/=

MOROG

ORO

100 acres located at Bagamoyo town inSanzale area, at very potential area

0754 310 137 / 0713 451 395

$2,000,000

BAGA

MOYO,

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

RENT $6000 Vat Inc.

MASAK

I

SALE $2m

KIGAM

BONI

OYSTE

RBAY

MBWEN

I

SALE $84,000

SALE TSHS 400m

SINZA

MBEZI B

EACH

RENT $650

MLANDIZ

I

Oysterbay near goat race grounds,6 bedroom with bathrooms,

fully airconditioned, servant quarter,0717 520 111/ 0685 441 505

Town houseswimming pool, standby generator,

parking, securitycontanct: +255 684 468 468

RENT

CITY C

ENTER

2 Bedroom Apartments Parking, Generator, Security affordable price.

+255 715 000 642

RENT

CITY C

ENTER

MLANDIZ

I

RENT

MASAK

I

RENT

UPAN

GA

RENT

NYER

ERE R

OAD

RENT $ 10,000

3 Bedroom house Sinza kwa Remmy nearThe Place Fast Food Restaurant

288 SQM (NEGOTIABLE)+255 767 422 258

Mbezi Beach - Rainbow, 1 conference room,2km from the ocean

0652 899 656

MBEZI B

EACH

RENT $ 1500

MIKOCH

ENI A

RENT $ 1500

CLASSIFIEDS

3 bedrooms Apartment, 24hrs, parking space, Standby generator,

Gym, Fully furnished+255 652 360 101

Plot for sale located at Morogoro CBD - Boma road surveyed location

Plot size 2977 SQM+255 754 310 583 +255 786 088 600

Plot size 1985 SQM+255 766 888 333

+255 716 444 888 +255 766 100 100

House for rent in Masaki 6 bedrooms,+255 754 526 535

KILWA

Beach PlotThe area is 35 Acres - Kilwa Masoko

+255 784 454 245

SALE $2MPetrol station and unfinished business buildings

located at mlandizi area in coastal regionwith ample parking space is for sale or rent

at negotiable price0786 637 992/ 0688 538 804/ 0758 302 686

BUNJ

U A

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

Coastal Region, Tanzania, (Mkuranga)4.5 acre plot with 100 metres of beach front,

70 km south of Dar es Salaam [email protected]


+255 652 360 101


+255 652 360 101

Fully furnished Villas available inMsasani Beach near Regency Park Hotel

+255 715 24 24 25

SALE $200,000


+255 652 360 101

MIKOCH

ENI A

RENT $ 1500

MSASA

NI BE

ACH

RENT $2,500Land for sale - Ideal for petrol station

or transport / logistics company - 7000 SQM 0787 528745

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

0685 215 737 Dar es salaam, Tanzania,

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 100,000,000/=

NO PHOTO

NO PHOTOMOR

OGOR

O

Plot for sale at Kigamboni Tundwi Songani nearBuyuni Beach, size range 400-3500 sqm

with Tittle Deed. NO AGENTS PLEASE0769 115 502

SALE TSHS 9,000

KIGAM

BONI,

Plot for sale at Vikuruti Kibaha for 6000 tzs per sqm,these plots are for sale for government employees only.

with Tittle Deed. ONLY NO AGENTS PLEASE0769 115 502

SALE TSHS 6000

KIBAH

A

RENT $6000 Vat Inc.

MASAK

I

RENT $ 1500

MIKOCH

ENI A

RENT $ 1500

MIKOCH

ENI A

KINON

DONI

SALE TSHS 120m

SALE $420,000

KIBAH

AILA

LA

RENT $18

MLANDIZ

I

Newly built Restaurant for rent at Kunduchinearby Silver Sand Hotel & Beach

0653 885 509

RENT $ 1500

MIKOCH

ENI A

Newly constructed apartment for rent at mbezi beach,24 hours security accessible to tarmac road

0777 667 115/ 0715 667 115

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 $650

MBEZI B

EACH

Petrol station and unfinished business buildingsSALE $600,000

KIBAH

A

SALE $52,000

MKURA

NGA

RENT $650

KUND

UCHI

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 AGENTSVillage Walk, close to Sea Cliff Hotel+255 717 032 [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

ALEXANDRA....................................................10ALFRED .............................................................5AMVERTON.....................................................22BERGER ............................................................2CES...................................................................24CHESAN..........................................................34CHOKOLE.......................................................25CRDB BANK......................................................3DCB BANK......................................................19FNB BANK.......................................................44FOOD PLUS....................................................39IVORY TOWER.............................................1&9JAMII FORUMS FN.........................................43KENYA VALUERS.............................................32LONGONOT GATE........................................20MASUMIN.........................................................21MEK ONE............................................................4MINJA................................................................12MWANZA.........................................................26PROLAND.........................................................33REAL INSURANCE.......................................1&13REEF.......................................................................8SAMSA REAL ESTATE.......................................18SIMBA CEMENT...................................................1SKYMARK..........................................................29TANGANYIKA ESTATE AGENT.....................6&7TBS........................................................................10THE LUMINARY.....................................................11UTT.........................................................................27

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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

[email protected]

DistributionBoniface Metta

Online Content ManagerMbwana Mbura

Finance Administration ManagerErick Kessy

Public Relation OfficerMaria Urassa

Accounts ExecutivesGrey Mateni

Faraji Senkoro

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

[email protected]

DistributionShould you have problems in obtaining copies of DarProperty

Magazine, please contact+255 713 888 036+255 717 270 791

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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darproperty november 2015

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