darproperty september b 2015

The Darproperty - August 2015 | 1The Darproperty - September 2015 |1

The

Issue No 42 | ISSN 1821-7753East Africa’s Ultimate Property GuideSeptember 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 - September 2015

P.O. Box 1950 Dar Es Salaam, Tanzania+255 784 108 [email protected]+255 784 108 609www.twigacement.com

4 | The Darproperty - September [email protected] | +255 718 195 495

OFFICE SPACEAVAILABLE

Along Nyerere rd, next to Dar Group Hospital - TAZARA

Ample Parking Space | Wireless Internet | CCTV Cameras | A/C | Security

Warehouse a total of 480 sqm, O�ce spaces from 360 sqm to 65 sqmShowroom space available for Banks and Big Shops

”Tanzanias leading land & property broker”

Dar es Salaam

The Coast

Contact

Arusha

FOR RENTRegent Estate -3 b/r

$ 2,200 / month

Dar es Salaam Arusha The Coast

Annabel Burdes

Partner Tanga / PanganiTel. +255 784 632 529

[email protected]

Anders Wehtje Raphael Nondi

FounderTel. +255 785 984 467

[email protected]

Manager Dar es SalaamTel. +255 717 032 633

[email protected]

FOR RENTSakina – 4 b/r$ 600 / month

FOR SALEPangani – 2 b/r

$ 200,000

FOR RENTKawe – 5 b/r

$ 2,500 / month

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

FOR RENTMasaki – 4 b/r

$ 5,000 / month

FOR RENTNjiro - 4 b/r

$ 400 / month

FOR SALEUsa River – 10 acres

$ 120,000

FOR RENTBaraa – 2/3 b/r$ 500 / month

FOR SALEPangani – Hotel plot

$ 150,000

FOR RENTBeach Villa – 3 b/rPrice on request

FOR SALEUshongo – 6 acres

$ 250,000

www.tzagents.com

Property of the month!Arusha - Themi Hill - $ 950,000

This is probably one of the best properties in central Arusha as of today, located on a 1,3 acre plot on Themi Hill. 4 b/r, 3 of these being ensuite. Master bedroom with walk-in-closet and “winter garden” bath. Spacious dining- / livingroom in open plan in different levels. Large kitchen with

pantry. Guesthouse with 2 b/r, both ensuite. Staff quarters and storage space. The house is surrounded by verandahs providing views of both Mt Meru and Mt Kilimanjaro. A wonderful, park-like, green garden with mature and

amazing trees and vegetation. Plenty of parking, including car port. AUWSA water and reservetanks. Tanesco power with generator. The property comes with a clean title deed. This is unique so please come and have a look!

PHOTO PHOTO

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NEWLY BUILT APARTMENTS AND VILLAS FOR SALE AND FOR RENT PROPERTY FEATURES: Ocean views or Private beach, Swimming pool, Modern kitchen appliances, Fully equipped gym, Air conditioning, Standby generator, 24hrs Elevator, High-end Security & CCTV cameras, Electric fence, Ample parking yard, DSTv connection, 24 hour Management service !

THE REEF APARTMENTS OCEAN WAVE APARTMENTS THE REEF APARTMENTS THE REEF APARTMENTS OCEAN WAVE APARTMENTS OCEAN WAVE APARTMENTS

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A MODERN AND SECURE HOME WITH A STUNNING VIEW

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

Naja AsseyManaging Director – Chokole Investment LTD.

Sabuni KamwanoFounder – Mabea Estate LTD

I was a good reader of The Darproperty magazine, once my project was completed in Bunju I decided to give try by advertising on it. I was impressed with the amount 100s of enquiries I received, this helped me to pick the best of them all, and although I advertised for a single edition I continued to receive inquires for the next four months.I commend the effort done by the Darproperty team, the magazine has brought tremendous positive transformation in the real estate sub sector. Now people can understand the real estate market dynamics not only in Dar es Salaam but also to as far as Mwanza, Zanzibar, Arusha and Nairobi, furthermore issues regarding mortgages and property buying due diligence process are well articulated in your editions.Keep up the good work!

To me The Darproperty is the leading magazine in Tanzania if not in the East African region. I have been advertising with it for the past 4 years and I have not bothered to try any other, the results are excellent.I have grown my business from a mere fabricator to a renowned supplier car shades, gazebos, electrical gates and umbrellas. The magazine has helped me secure deals from individuals to corporates, Diplomatic missions, Government agencies to multinational organizations, from the corners of Zanzibar to the hills of Tanga, to as far as Arusha.I am very much impressed!

KENYA+254 720 353 437

[email protected]

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Join Our Happy Clients: Advertise with us.


• Two rivers is owned by Centum Investment

where Chris Kirubi is the majority shareholder.

• Project value is USD 155 million.

• Two River is a mixed use real estate

development

• The total gross lettable area is 62,000

square metre

• Avic buys 38.9% stake for USD 70 million.

• Estimated launch date OCTOBER 2015

The Two Rivers, a mixed use real estate development house in Runda, Nairobi. Is said to be the biggest mall in Kenya

and East Africa. The project is sitting on a 102 acres parcel of land, said to be acquired from the famously known Koinange family in a transaction estimated to be not less than KSh. 1.billion. The development

is located in the so called, diplomatic blue zone and is less than ten minutes’ drive from the UN Complex, the US Embassy and the Canadian Embassy.The project unseated recently launched Garden City mega mall which measures 50,000 metre square, while it measures 62,000 square metre of gross lettable are (GLA). Of the 62,000 square meters of GLA retail tenants, just under 50% are international clients including international supermarket chain, Carrefour hypermarket on 10,000 square feet as the anchor tenant. Carrefour is French origin retailer and second world`s largest retailer after Walmart. The outlet will be the second Carrefour in Africa and the first in the region.Centum Investment’s Two Rivers Development has attracted $155 million (Sh14.3 billion) in new funding, including one of the biggest

equity investments by a Chinese firm, Aviation Industry Corporation of China (Avic).Avic, the main contractor for project, had invested Sh6.4 billion in Two Rivers for a 38.9 per cent stake – valuing the project at about Sh16.6 billion. “The investment by Avic is particularly noteworthy being one of the largest foreign direct investments in this region by a Chinese corporation into a private enterprise,” Centum said in a statement.Centum also disclosed that state-owned investment firm ICDC, which also holds a 23 per cent stake in Centum, had made a Sh462.5 million equity investment while Co-operative Bank had contributed Sh7.2 billion in debt funding for the project. Centum has, in recent years, raised billions of shillings for the Two Rivers and other projects it has undertaken to diversify from

Avic buys 38.9% stakein Two Rivers Project.


Avic buys 38.9% stakein Two Rivers Project.

stock market investments. In February 2013 the company raised Sh4.2 billion by issuing a corporate bond and recently opened talks with institutional investors with the aim of raising as much as Sh8 billion through another bond.

“The characteristics of the asset offer an opportunity to design a REIT around it, in turn creating a long term dollar asset which is highly liquid and desirable for institutional investors,” says the report.Two Rivers is expected to generate $25 million (Sh2.3 billion) in annual rental income, representing a yield of around 14 per cent in dollar terms.The firm has a Sh34.5 billion portfolio with real estate accounting for the lion’s share at Sh11.85 billion.

The Two Rivers mall consists of medium density residential homes, a five-star hotel, office blocks and a shopping centre.The project, which is managed by Athena Properties Ltd., will be compliant with international green standards, featuring luxurious residential apartments and low-rise office blocks being built by the China National Aero-Technology International Engineering Corporation (CATIC) and local sub-contractors.

By staff writer.

image: courtesy of skyscrapercity

image:courtsey of thecontinentmag

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a borrower fails to pay their monthly mortgage payments, they can repossess the property and still get some money back from it when it is sold.There is a good chance you will have to pay for a valuation. Typically, they start from about Tshs 650,000 and can rise to as much as Tshs 2 millions depending on the value of the property. Almost all lenders in Tanzania are not charge for a valuation but they have the list of accredited valuers.

MORTGAGE FACILITATION FEESYou will have to pay your lender a fee for processing your funds for your mortgage. This varies according to the lender, usually facilitation fees can be charged as a percentage of the overall loan and on average the facilitation range from 1 per cent and 2 per cent.

CONVEYANCING FEES/LAWYER FEES To help you through the property buying process you will need to hire a lawyer to handle the legal aspects of the purchase, otherwise known as conveyancing. Their responsibilities usually include drawing up contracts, dealing with Land Registry, sorting out the payment of stamp duty and transferring the payment for your property.Fees for these services vary, but it is advisable to get a quote upfront before the lawyer does any work. Some lawyers

charge by a set amount or calculate their fee as a percentage based on the price of your property.

TRANSFER FEEYour property has to be registered with the Government’s Land Registry department. A small fee is charged, according to the ministry of land and human settlements the transfer fees involve notice of its intention to transfer Tshs 2000 and approval of the transfer application Tshs 5000.

STAMP DUTY FEESStamp duty tax is a tax charged on all purchases of houses, flats, land and buildings in Tanzania, Stamp duty can be a fairly hefty charge, so it’s important to factor it into your budget. The amount of stamp duty buyers pay varies depending on the price of the property. The stamp duty rate in Tanzania is 1 per cent of the gross selling price.

Buying a house is the one of the most interesting decision among many people in Tanzania especially first

time buyers, this is because, the process of buying a house involves many costs some of which might be well known and others are hidden.Buying a house is the most prestigious thing in many societies in Tanzania. One may be well aware of how expensive it is to buy a house but may not have thought through all of the smaller costs.It’s not just a mortgage that you will need to keep on top of among the additional costs that need to be covered in buying a home, but there are other minor costs like legal fees, surveyor’s fees and stamp duty fees.

DEPOSIT COSTOne of the biggest costs that you will have to account for is the deposit you will need to pay for your property. Deposits typically range between 10 per cent and 20 per cent. Generally the bigger the deposit you can pay the more likely you are to secure a mortgage with a lower interest rate.

VALUATION COSTIf you are arranging to get a mortgage, the lender will send a valuer to check out the property and make sure it is worth the amount they are lending you. Lenders do this so that in a worst case scenario where

THE HIDDEN COSTS OF BUYING HOUSE IN TANZANIA

It’s not just a mortgage that you will need to keep on top of among the additional costs that need to be covered in buying a home, but there are other minor costs like legal fees, surveyor’s fees and stamp duty fees.

ITEM

STANDARD

STANDARD

STANDARD

STANDARD

#

REFERENCE

SHEET SIZE (MM)

SPACING (PITCH DIAMETER (MM)

LENGTH

WIDTH

MAIN

CROSS

MAIN

CROSS

00 Regular

2400

1200

150

150

4.5

4.5

01

A84

2400

1200

200

200

4.5

4.5

02

A98

2400

1200

200

200

5 5

03

A125

2400

1200

200

200

5.5

5.5

04

A142

2400

1200

200

200

6

6

05

A193

2400

1200

200

200

7

7

06

A252

2400

1200

200

200

8

8

Standard specification

Quality products from

OUR BRANCHESMBEZI BEACH - DSM

PUGU ROAD - DSM

ARUSHA

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“Mwanza’s most leading property agent”+255 767 245 779

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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 Near traffic light

1 Acres Lake shoreAccessibleNear Jembe Beach

3 Bedrooms 3 washrooms Hot water ample parkingNear Hindu Mandal hospital

Tourist LodgePeninsula with over 1km ofwaterfront

Airport view1000 Square Meters

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 - Luchelele FOR RENT - Bugando FOR SALE - Ilemela

$4000 $2200 $1000

Tshs. 340,000/=

$400

Tsh. 420,000/= $600$350

Tshs. 160m $3600 $4000

Tsh. 290m Tshs. 1,600,000/- Tsh. 71m

$1000 $1000

$1000 $300,000

$250,000

REAL ESTATEThe ABCs of REAL ESTATE MARKET

VACANCY RATE the percentage of all units or space that is unoccupied or not rented. On a PRE-FORMA income STATEMENT projected vacancy rate is used to estimate the vacancy allowance, which is deducted from potential GROSS INCOME to derive effective gross income.Example: for the vacancy rate for apartment units in boom city is currently 4.5%. For the Hightower Building, the vacancy rate is 9.5% (of 100,000 square feet of net leasable area, 9.500 square feet are not rented). If this 9.5% vacancy rate is expected to be average through nest year a vacancy allowance of $95,000n (at $10 per square foot) should be deducted from potential rent when projecting income

UNDEREMPLOYMENT a structure or development of lower cost than the highest and best use of the site. Contrast over improvement.Example construction of a $80,000 bungalow on a vacant lot in a neighborhood of $300,000 homes would represent an underemployment of the site.

PLEDGED ACCOUNT MORTGAGE (PAM) a type of home purchase loan under which a sum of cash contributed by the owner is set aside in an account pledged to the lender. The account is drawn down during the initial years of the loan to supplement periodic mortgages payments. The effect is to reduce the payment amounts in early years. See graduated payment mortgage. Compare with collateral. Example: Abel obtain a pledged account mortgage. The loan principal is $40,000 and makes a down payment of $10,000 $5,000 of this amount is put in a pledged account. Abel makes payments based on a mortgage principal of $45.000 but the payments are reduced in the fi rst 3 years by drawing upon the $5,000 pledged account.

NONRESIDENTIAL 1. Refers to property other than housing, such as offi ce buildings, hoping centers, industrial parks, churches, or hotels, Example: Real estate brokerage fi rms and mortgage bankers many divide their operations between residential often the nonresidential portion is called commercial and investment. 2. In taxation, when less than 80% of rent is from dwelling units, the owners cannot claim depreciable lives appropriate for nonresidential property.Example: a downtown apartment building derives 25% of its revenues from a fi rst –fl oor lunchroom. Consequently, the owners have to use the longer depreciable lives appropriate for nonresidential properties.

NOTICE OF DEFAULT A letter sent to a defaulting party as a remainder of the default. May state a grace period and the penalties for failing to cure the default. Example: Vacation lot sales crop sent a notice of default to Abel. It offered a 7 day grace period, after which they would consider his interest as forfeited unless he paid the installment in default.

UNRECORDED DEED an instrument that transfers titles form ne party (Grantor) to another party (grantee) without providing public Notice of change in ownership. Recording is essential to protect one’s interest in real estate.Example Uncas purchases a lakefront lot from Upson. At closing Uncas receives a deed but fails to record it at the county court courthouse. In the meantime, Upson fraudulently sells the lot to Ustinov suctiov’s attorney does a title search but because of the unrecorded deed does not turn up the sale to Uncas. When Uncas discovers what has occurred he is forced the sale to Uncas. When Uncas discovers what has occurred he is forced to pursue legal proceedings against Upson for recovery. Ustinov who purchased in good faith owns the land

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

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within an acre of land.

KILELESHWA

ChesanChesanAPARTMENTS

Starting at

3 Bedroom master en suite with SQ

chokoleinvestmentl i m i t e d

chokoleinvestmentl i m i t e d

Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924 373Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924 373Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924 373Mikocheni, Garden Road, Dar es Salaam, Tanzania. +255 786 924373, +255 658 924 373

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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


High-net-Worth clients – especially those nearing retirement age – tend to want to shy away from

real estate investing at times, but the fact of the matter is that real estate can still be a lucrative investment option for people of all ages and wealth levels. There are many reasons why clients who are both high-net-worth and nearing retirement age should take a good look at real estate investing as they work to reach their goals of growing and retaining wealth their hard-earned wealth. Here are three specific reasons why real estate investing might be a benefit to your high-net-worth portfolio if you’ve reached middle age or beyond.

A Good DiversifierReal estate is a valuable addition to a well-diversified portfolio. A well-diversified portfolio for an older client should contain a variety of investment types that lean more toward low risk than high risk. Now’s not the time to be playing high-risk gambling games with your investment portfolio if you plan on retiring any time within the next 5-10 years, or especially if you’ve already reached what the masses consider to be retirement age. Slow and steady wins the race for older investors. Owning real estate is a great way to bring some diversification into your investment portfolio and yet still keep risk low.

A Passive Income SourceIf you hire a property management company to handle tenant relations, real estate investment properties can be a terrific source of Passive income Reputable property management companies generally charge a very reasonable fee to coordinate tenant needs for single-family and multi-unit residential dwellings as well as for commercial dwellings, freeing up your time as the investor to do more of the things you enjoy while still allowing you to rake in the cash from your real estate investments. Property management companies handle components of rental real estate such as collection of the

Why Real Estate is a Good Fitfor Older Investors

The Darproperty - September 2015 |37

rent, signing of the lease agreements, facilitation of any needed repairs on a property, and fielding any tenant questions and needs. Because tenant and property management can take up a large amount of a real estate rental property owner’s time, many investors utilize property management companies to facilitate these cares in order to make owning real estate rental properties less work. Passive income investments (investments that allows an investor to make a profit while doing little or no work) are a long underutilized gem in the investment world that are only now starting to get the attention they deserve. Adding some real estate rental property to your investment portfolio can be a great source of passive income if you choose to utilize an investment property management company to handle the small details of property and tenant management on your behalf.

Intrinsic Value Means Lower RiskLand, cattle and gold were often touted as the most secure investment options back in the early 1900s, when the stock market was still new and didn’t have the solid ROI (return on investment) history that it does today. While you may have doubts about investing in gold and/or cattle, there’s no arguing that real estate investments have proven themselves to be trustworthy over the long haul. With a historical return rate hovering in the 7% range, real estate investments have a solid history of producing positive return rates that nearly always beat inflation. While, like

any other investment, real estate values do have their occasional dips, long-term real estate market analysis proves that real estate investments carry a lower risk than many other investments

Types of Real Estate to ConsiderHigh-net-worth clients have their own take on what types of real estate investments best suit their plush portfolios, and the truth of the matter is that real estate investing is growing more and more popular among high-net-worth investors.Most high-net-worth clients like their real estate investment holdings to lie primarily in residential real estate properties, while sources report that development land is second highest in demand. At the bottom of the real estate investment list for high-net-worth clients is retail real estate holdings.

The Bottom LineThe second half of life is a time when high-net-worth investors are generally looking to trade in high-risk investments for more solid rate-of-return investments that will still provide some growth. Whatever type of real estate investments holdings you choose as a high-net-worth investor, make sure that you’ve educated yourself well on the ins and outs of real estate investing. You deserve to have hard-earned wealth continue to work hard for you as you sail toward your retirement years in peace, tranquility and a secure wealth portfolio.

Written by: Deacon Hayes

Land, cattle and gold were often touted as the most secure investment options back in the early 1900s, when the stock market was still new and didn’t have the solid ROI (return on investment) history that it does today.


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.

CLASSIFIEDS

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Hotel with Deluxe rooms at Mangoweraarea Mtwara on a plot 3031 sqm.

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Plot size 1985 SQM+255 766 888 333

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

KILWA

Beach PlotThe area is 35 Acres - Kilwa Masoko

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BUNJ

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One storey semi finished with 4 self contain bedrooms, 1,475 SQM plot with

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SALE $200,000


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RENT $600Land for sale - Ideal for petrol station

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Babecov complex office space on the mandela rdbuguruni sheli with ample parking space

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NO PHOTO

MOROG

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+255 755 722 222

RENT 300,000/

MWANZA

Beach plot for sale at bagamoyo 100 meters fromwith government offer of 35 years0754 310 137/ 0713 451 395

SALE $177,000.

MKURA

NGA

BUGU

RUNI

RENT $15

RENT $6000 Vat Inc.

MASAK

I

RENT $ 1500

MIKOCH

ENI A

RENT $ 1500

MIKOCH

ENI A

OYSTE

RBAY

RENT $ 6,000

KINON

DONI

SALE TSHS 120m

CONTACT: 0783 377 098

$650,000

SALE $420,000

KIBAH

A

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

RENT $ 1500

MIKOCH

ENI A

A house and newly foundation2 Bedrooms (1 master on it)

Natural fresh Air from Kimara hillsPLOT SQM: 400 ready to move in

0714 797 943 , 0757 442 620, 0784 352 009

MLANDIZ

I

KIMAR

A BON

YOKW

A

SALE $ 26,000

44 | The Darproperty - September 201544 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


ELEGANT ESTATES LTD................................15ALEXANDRA......................................................8AMVERTON......................................................21AVIC.....................................................................5BERGER .............................................................38CES.....................................................................35CHEMICOTEX....................................................25CHESAN.............................................................30CHOKOLE..........................................................31CRDB BANLK........................................................3DAVID N SHIRTLIFF.............................................29DCB BANK............................................................19DELINA PLAZA.....................................................12DONGXIN..............................................................1FNB BANK.............................................................44FOOD PLUS..........................................................42HAMIDU CITY.......................................................27IVORY TOWER......................................................9JAMII FORUMS.....................................................47JUNIOR ..................................................................8KENYA VALUERS.................................................32LONGONOT GATE............................................28MASUMIN............................................................23MEK ONE ..............................................................4MWANZA ESTATES.............................................26PROLAND.............................................................33REAL INSURANCE..........................................1&13REEF........................................................................10REMAX.................................................................20RIWA MAREALE ................................................30SAMSA REAL ESTATE........................................18SIMBA CEMENT....................................................1TANGANYIKA ESTATE AGENT......................6&7TBS........................................................................41TEMEKE PLAZA....................................................11TWIGA CEMENT..................................................2

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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 september b 2015

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