the darproperty
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A monthly property guideTRANSCRIPT
The DarProperty March - April 2012 3The Darproperty magazine
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The
Issue No 017 ISSN 1821-7753Jan - Feb 2013www.darproperty.co.tz
A Monthly Property GuideA Monthly Property Guide
PropertyDar PropertyDar TM
FREE COPY
3 Of The Most Lucrative LandDeals In History
JK: SELL PLOTS AT AFFORDABLE PRICES TO CUT HOUSING COSTS
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The DarProperty March - April 20122
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The Darproperty is published by Darproperty Tanzania Company. All rights reserved. cThe 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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ZANZIBAR ARUSHA
DAR ES SALAAM MWANZA
JK: SELL PLOTS AT AFFORDABLE PRICES TO CUT HOUSING COSTS
Banks urged to lower interest charges on housing loansPresident Jakaya Kikwete directed
the Ministry of Lands, Housing and Human Settlements Development to ensure that councils sell plots at affordable prices to enable Wananchi to buy houses built by the National Housing Corporation (NHC).
He also warned the councils to stop turning lands into a source of income by selling the plots in high prices to NHC and other investors, saying it has implication on the costs of the houses which will be built.
Kikwete made the remarks in Dar es Salaam when laying a foundation stone to mark the official construction of the NHC houses at Kigamboni, Kibada area.
A total of 290 houses will be constructed under the affordable houses scheme being implemented by the housing corporation.The President gave the example of some councils which buy plots for 6m/- from ordinary people and sell them for upto 300m/-. As a result the houses which will be built in the area automatically attract high prices, he said.
“This habit cannot be left to continue …the ministry responsible should work on it to ensure that councils sell plots at reasonable prices,” he stressed.
The President also directed the Ministry of Finance to hold discussions with banks which have entered into contract with NHC to provide loans to people so that they can buy the corporation’s houses to reduce interest rates.He said by doing so NHC will be in a position to sell the houses to many more people.He also advised the NHC for the coming years to open a financial institution so as to reduce dependence on banks.
For his part, Deputy Minister for Lands, Housing and Human Settlements Development Goodluck Ole Medeye said the housing project was implementation of a strategic plan aiming at building 15,000 housing units countrywide by 2015.
Explaining the project the NHC Managing Director Nehemia Mchechu, said implementation started in November this year and was expected to be completed in May next year, adding that the houses will be sold for between 45m/- and 52m/- per unit with VAT.Mchechu said the price went up because NHC was supposed to put up all infrastructures at Kibada that was supposed to be done by other institutions.
Meanwhile, the President handed over 36 modern homes to the victims of last year’s Gongo la Mboto bomb blast, assuring them that those who were not fully compensated after the tragedy will soon receive their compensation.
He however, instructed the Tanzania National Roads Agency (TANROADS) to fast track construction of the Banana-Kitunda Msongole Road in order to facilitate movement of people and commodities.
Kikwete said the government has spent over 665bn/- for compensation, renovation of some buildings, construction of new ones, food and medical treatment.Said Meck Sadiki, Dar es Salaam Regional Commissioner said the houses were to have been handed over to the victims in July this year, but the plan failed due to various reasons including shortage of funds and delays in acquiring land for to build the houses.
SOURCE: THE GUARDIAN By Gadiosa Lamtey
Image Courtesy of NHC
Image Courtesy of NHC
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The real estate industry may see some large land deals these days, from the $200 million Penthouse in London to the
$2 billion Antilla building in Mumbai, but these pale in comparison to some historical land deals. Many of these land deals occurred at very low prices, even by historical standards.
The Alaskan PurchaseThe U.S. purchase of Alaska from Russia in 1867 is considered to be one of the largest land deals in history. Fearing another war with Britain after the Crimean War, Russia rushed to sell Alaska to the United States for just $7.2 million, or about two cents per acre, in order to
prevent nearby British Columbia from taking over the territory, and to bolster its struggling fi nances. How much is this land worth today? The state encompasses some 586,412 square miles, or more than 375 million acres. Even at a cost of just $100 per acre, that would equate to more than $37 billion. Moreover,
Investment
3 Of The Most Lucrative Land Deals In History
So, how much is the Louisiana Purchase worth today? The deal encompassed some 800,000 square miles, which equates to approximately 512,000,000 acres. With land costs today averaging between $1,000 and $4,000 per acre in the continental U.S., the total value of the Louisiana Purchase is therefore likely to be more than $1.2 trillion.
The Treaty of TordesillasBack in the 1400s and 1500s, Spain and Portugal were the world’s two largest superpowers carving up the world. The discovery of the New World by Christopher Columbus led to some disputes about who had rights to certain territories. Eventually, the two countries agreed to divide the world along a meridian 370 leagues west of the Cape Verde islands.Unfortunately, the New World turned out to move mostly west in direction and the deal turned out to be rather one-sided. Spain ended up colonizing the vast majority of South America with the exception of present-day Brazil, where Portuguese is still spoken.
After 1898, the treaty became somewhat obsolete as the two world superpowers grew less infl uential.While the total value of this deal is impossible to calculate, the control the Spain maintained over most of Latin America played an important role in history. The majority of the countries in the region asserted their independence in the early to mid 1800s. By the 1900s some Latin American countries were participating in the World Wars as U.S. allies.
The Bottom LineIt may be easy to gasp at the current real estate market and the tens to hundreds of millions of dollars spent acquiring palatial estates. However, these purchases seem inconsequential compared to a time when countries could sell an entire state.
By Justin Kuepper
Investment
as of August 2012, the region also produces some 426,834 BOE/D of oil and natural gas worth billions in revenues each year. Alaska is one of the few states with no income tax.
The Louisiana PurchaseThe Louisiana Purchase from France in 1803 is another U.S. acuisition that’s considered to be one of the largest land deals ever. With a purchase price of just $15 million (or about $233 million in 2011 dollars), the U.S. added some 13 states worth of territories at less than three cents per acre (or less than 42 cents per acre in today’s dollars).
Interestingly, the Louisiana Purchase almost didn’t happen for a couple reasons. President Jefferson was widely criticized for acting above and beyond his constitutional authority, especially given his strict interpretation of the Constitution. Secondly, many Federalists worried that the U.S. was funding a war against Spain by selling to Napoleon in France.
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•Alltransactionsaregovernedbyyourlocallaws.Alloffersandpromotionsonthismagazinearesubjecttochangewithoutnotice.
•TheDarpropertyMagazineprovidesyou,our readers, avenuefor obtaining the information contained in this publication and has no control over the legality of any real estate forsale or rent or other offers made by advertisers, the abilityof any of the advertisers to complete the sales in accordancewith the offers, or the quality of the real estate offered bythe advertisers real estate information for sale and or rent isdirectly published by the advertisers on this publication andhence The Darproperty Magazine takes no responsibilityof any of their information and prices and any mistakes inprinting or typing. The Darproperty Magazine has no controlover whether Advertisers will honor the offers shown onthis publication and does not guarantee the accuracy or completeness of the information contained on this publication.
• The advertised real estates and properties on this publicationmay or may not be available for sale and or rent. In theevent you have a dispute with an Advertiser in any wayrelating to this publication or the use of information from this magazine, you agree to waive and release TheDarproperty Magazine from any and all claims, demands, actions, damages (actual and consequential), losses,costs or expenses of every kind and nature, known andunknown, disclosed and undisclosed relating to that dispute.
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2 bedroom, sqm 900, servant quarterfenced new house large compound 300,000,000/=
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near open universitysqm 400,closed to main rd.Kinondoni500m,
For Sale - Kinondoni
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2 bedroomsqm 900 SQMservant quarter fenced new houselarge compound300,000,000/=
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3 BedRoomsClose to beach2000 SQM900,000,000/=
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Details NOT Warranted
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REAL ESTATEThe ABCs of REAL ESTATE MARKET
MARKETING ANALYSIS is a study of the supply and demand conditions in specifi c area for a specifi c type of property or service. A market analysis report is generally prepared by someone with experience in real estate, economic, or marketing. It servers to help decide what type of project to develop and is also helpful in arranging permanent and construction fi nancing for a proposed development.
Example: The developer commissioned a market analysis to evaluate the need for luxury apartments in the St. Louis suburban market. Copies of the report were supplied to prospective lenders for this type of development
LISTING PRICE the price a seller puts on a property when it is placed on the market. Listing price, or ASKING PRICE, is generally considered a starting place for negotiation between the seller and a prospective buyer.Example: The home was listed at $350,000.prospective buyers knew they could purchase it for that amount or try to negotiate a lower price with selling concessions.
EXPRESS CONTRACT wrote agreement that includes elements need for a valid CONTRACT and specifi c terms of the contract. Contract with IMPLIED CONTRACT. Example: The AGREEMENT OF SALE was in writing, signed by the buyer and seller. It described the property, stated the price agreed upon, and specifi ed the terms of payment. It was an express contract. SECURITY DEPOSIT a cash payment required a landlord, to be held during the TERM of a LEASE to offset damages incurred due to actions of the tenant. Such damages my include physical damage to the property, theft property, failure to pay back rent and breaking the lease. FORFEITURE of the deposit does not absolve the tenant of further fi nancial LIABILITY. Laws in most states require landlord to hold the deposit in a separate account and refund the amount within a specifi ed time after termination of the lease.
Example A landlord requires a security deposit equal to one month’s rent, payable at the signing of the lease. An additional deposit is required for tenants with pets. At termination of the lease, the land lord inspects the rented unit. If there is no reason for forfeitures, the landlord refunds the deposit within 30 days.
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All applications should be sent to the following address:General ManagerDarproperty Tanzania.P.O BOX 105499.Mikocheni B. Bima road.Dar es Salaam
Deadline 11th March 2013, for further details you can contact [email protected]
5 bedrooms single story Spacious compound with Garden Parking for two vehicles
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TABATA - BIMAHOUSE FOR RENT
$1550per month
0754 285 024,0786 285 0240754 599 208
Plot located in TegetaNyaishozi Area 446 sqmts Just 15 minutes walk to Tegeta beach Price is 100 milllionTshsIt’s at the corner of the local roads (a very nice place) and has a garage and two rooms at the back.The plot is surveyed with its offer and occupancy. Only serious buyers please:Contact: 0716421224/ 0686421224/ 0715878246
PLOT for SALE MIKOCHENI “A” Manyara Street 400sqm.Price TSH 350M negotiablecontact: 0688 076 797
Two surveyed beach plots with 2,505 sq meters and 3500 sq meters located near the beach at Luchelele Mwanza. The plots are ideal for hotels/residences strategically located for development by Mwanza City plan shortly. Price Tshs 120mn for both, first come first served.Contact 0713509339/0783 777995. Its 2 acres in a 15 acre farm in Hale Tanga. There are about 300 teaks of 14 years old. The price is $65000 (100m Tsh) The price is negotiable. Also if the potential buyer want to buy the whole farm (15 acres) we can negotiate. The farm can be a good mortgage if a buyer want to get a loan from a bank. If you are interested, contact +255762560088 [email protected]
5 low density plots for sale, each > 1,500 sqm. Super new development atNyasaka B, Nsumba, near to Mwanza City. Tsh 9 million each, o.n.o. Call 0655 699 849
Fabulous 4 acre beach plot for sale in Kimbiji, 35km south of Dar es Salaam.Surveyed. Perfect for guest house(s) or hotel. Magical private sandy beach in its own small cove. 120m beachfront. Tsh 500 million o.n.o. Call 0655 699 849
We have a House to sell at Kichangani Street, Tandika Area, Accesible via Tarmac road, the property contains 8 rooms,price Tshs 70m, Subject to negotiations.
For sale: 285 m2 Godown at Manzese close to Manzese main market price: $300,000 call 0713 271028, 0784 761133
House for Sale at IlalaCall 0714 890 790
house for sale at kijitonyama. 8bedroom. ideal for guest or apartmentconstruction. 0682 193570
Houses at Kibamba in a 4199 Sq.m area with title deed. Contains houses of 5, 4 and 3 bedrooms and multi-purpose godown –like building. Price Tshs. 295m negotiable. Call 0655 434 375/0713212728.
Property for sale. 8 storey corner house at kariakoo located junction tolivingstone street & pemba st. It has attached 6 shops, each floor has 2 apartment. 3 &2 bedroom price usd.1.8m call,07173270522 ensuite @ $ 450,000 each.Premium plot 4 sale at mbezi beach,Price usd 80,000/= call/sms 0712-222905
Old building commercial proposed plot size 312 in kariakoo located along msimbazi road, has 5 shops attached & good necessary documents . for sale $ 1m call +255 784 710606.
Bungalo for let Tabata Aroma area behind the king David arch of education. Recently renovated in depth. three bedrooms one ensuite, two public toilets combined with showers. parking House is Fully Furnished, having 4 Bedrooms, 1 Study Room, 2 Sitting Rooms 1 Dining Room, 1 Kitchen, 4 Bathrooms Backyard Lawn, 2 Parking spaces (1 covered and 1 uncovered) +255 767 881 864
Masaki - 9 rooms house suitable for an office. $5,000. Kigamboni - 3 bedrooms compound house unfurnished for $500pm.Call 0655 104 910
3bedroom house to let in sinza, dining, kitchen, ac, fenced 3car park.price 700000per months. call 0682 193570
1bedroom house to let at upanga. fenced, big garden, large car parks.700usd per months. call 0682 193570.
Bungalo for let Tabata Aroma area behind the king David arch of education. Recently renovated in depth. three bedrooms one ensuite, two public toilets combined with showers. parking House is Fully Furnished, having 4 Bedrooms, 1 Study Room, 2 Sitting Rooms 1 Dining Room, 1 Kitchen, 4 Bathrooms Backyard Lawn, 2 Parking spaces (1 covered and 1 uncovered) +255 767 881 864
Nice house in a good location @ Mikocheni B4 Rooms, parking, access road, lovely gardenwell fenced, spacious living area.USD 1500 Mob: 0756 960 960, 0714 444 250
House for rent situated in mikocheni B,low density, securely fenced plot of 1000sqmt. Ideal for residence or office available furnished or unfurnished, 4 bedrooms, 2 ensuite rooms 1 study room, large living room, dining room, fully equiped kitchen, 3 bathrooms and toilets, good water supply and storage tanks large backyard lawn and gazebo can park more than 6 cars, front terrace.Tel: +255 718 907 554, +255 784 855 824+255 762 879 977
Double storey residential building with 6 fully finished apartments call 0713 271028, 0784 761133
Fully furnished four in one maisonette apartment each has 3 bedroom on the upper floor and other utility rooms call 0713 271028, 0784 761133
Lovely apartment fully furnished, @Masaki, 3 rooms, pool, parking, gym, ocean view, Tarmac road, in a conducive environment with fresh air.USD 2000Mob:0756960960, 0714444250
2bedroom apartment to let mikocheni b. dining,kitchen, large sitting, with an ac. fully furnished. call 0682 193570. / 0713 853369
Apartment in UPANGA to Let:3 Bedrooms 2 Bathrooms Balcony 2 Garaged Parking 24hrs Security Newly Refurbished Unfurnished Situated on Aly Hassan Mwyini Rd, Upanga.Contact : 0756-888812
Apartment to let @Masaki, plot 530, above Ristorante Bella Napoli, beside Marry Brown. 95sqm, 2 self contained bedrooms, fully furnished with standby generator & security.Contact 0754 290 490
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Furnished apartment sea view near aghakan hospital 3 bed room @ 2500 pm.Mobile: 0759172599./ 0716 779953USD 3500Mob:0756960960, 0714444250
Lovely apartment fully furnished, @Masaki, 3 rooms, pool, parking, gym, ocean view, Tarmac road, in a conducive environment with fresh air.USD 2000Mob:0756960960, 0714444250
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4bedrooms Apartment for Sale at Msasani Peninsula Fully air conditioned Plentyofwater Fully furnished Good tarmac Road Secure area Easy to get a tenant Price$400,000usd. Negotiable
4bedrooms House for Rent at Msasani Peninsula Fully air conditioned Plentyofwater Good tarmac road Big compound Well maintained garden Big standby generator Availablenow Price $5000
3bedrooms Apartment for sale at kinondoni Fully air conditioned Near main road Plentyofwater Tenant are paying usd 1500 Easy to get Tenant Price $250,000
Now we are at Morogoro store near former karibu hotel, OYSTERBAY
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The DarProperty March - April 20122The Darproperty magazine www.darproperty.net
GOLDEN LAND SHELTER LTDSokoine RoadP.O BOX 12067, ArushaTel +255 27 2507625
HAMPTONS PROPERTIES TZHaidery plaza - 1st floorupanga/kisutu streetP.O.BOX 6547 [email protected],[email protected] 204083/ 0784 323133
H & R CONSULTANTS LTDPPF Towers, Garden/ohio streetP.O BOX 70703, Dar es salaam.Tel +255 22 2130073
IMAGE PROPERTIES & ESTATEPugu road, Quality Plaza2nd Floor West WingP.O BOX 70117, Dar es SalaamTel 255 22 2862 092Mob +255 777 420675Email: [email protected]
KATIGA HOUSING EXPERTSP. O. Box 65490 Dar es SalaamTanzaniaTel:+255 2270 1915Cell: +255 764 763 186/+255 658 763 186Email: [email protected]/[email protected]: www.katiga.co.tz
KNIGHT FRANK International House 3rd Floor,Garden Avenue.P.O BOX 9333,Dar es Salaam.Tel +255 22 2113300
MERINYO HOUSES LIMITED (MHL)Oysterbay,Bongoyo/Hill RDTel:0784-336633/0658-181193Email:[email protected]
ABLA ESTATE DEVELOPERS & AGENCY CO.LTDMikocheni Opposite Shoppers PlazaP.O BOX 3810, Dar es SalaamTel +255 22 2772506E-mail: [email protected]
AFRICA PROPERTY LIMITEDOld Mwenge Rd, Agip HouseP.O BOX 32822, Dar es SalaamTel +255 22 2771834Mob; +255 784 781242Email: [email protected]
AMBASSADOR REAL ESTATE AGENCYSinza Palestina - CCM bldgsP.O. Box 62067 Dar es SalaamMob: +255 784 252741
CITY PROPERTY LTDNkrumah StreetP.O BOX 831 Dar es salaamTel +255 22 2116646Mob +255 754 375967Email: [email protected]
COMFORT ZONEPlot 473, Business UnitHaile Selassie roadP.O BOX 31010 Dar es Salaam+255 773 805 360Email: [email protected]
ESTIA Maktaba business square parkP.O. Box 23347 Dar es Salaam+255 753 [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
MY BEACHOld Bagamoyo Rd. opp Yuasa auto impexP.O BOX 105200. Dar es SalaamTel; +255 22 2701710
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]
SAK SERVICESEstate Agent - Dar es SalaamMob: +255 787 591 [email protected]
SKYMARK REALITIES LTDZanaki st. - Alimanga bldgTel: +255 22 2 134422/33
TZ REAL ESTATE AGENTS LTDHead Office: 7th FloorAmani Place Ohio Street Dar es SalaamTel: +255 756 960-960/ 0714 444 [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]
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Upanga Mindu street, close to Al-Muntazir and IST school+255 767 786077,+255 767 786088 | [email protected]
2-3 & 4 Bedrooms Modern Apartments GymnasiumSpeed LiftsSwimming PoolSecured Car parkShopping Complex
CCTVIntercomSecurityAmbulanceFire panicPanic
Z A H R A A R C A D EFINANCINGAVAILABLE
$120,000Onwards
65+% SOLD
LIMITED AVAILABILITY
DEVELOPERMAJESTIC DEVELOPERS LTD
“TWIN TOWER”PROPOSED RESIDENTIAL / COMMERCIAL
BUILDING ON PLOT NO. 478/479,AT MINDU STREET, UPANGA DAR ES SALAAM, TANZANIA
Investing in Real Estate requires a good investment knowledge but no one should over look the quality of the construction materials.
Savvy investors GO for TBS approved materials. TBS offers standards and facility of material testing.
For further DetailsTanzania Bureau of Standards - TBS
Ubungo, Morogoro Road / Sam Nujoma Rd.P.O. Box 9524, Dar es Salaam, Tanzania.
Tel.: +255 22 245 0298 | +255 22 245 0206Fax: +255 22 245 0959E-mail: [email protected]
