darproperty jan 2015

The Darproperty - Feb 2015 | 1

The

Issue No 35 | ISSN 1821-7753East Africa’s Ultimate Property GuideFebruary 2015

www.darproperty.net FREE

COPYwww.darproperty.netFRFRF EEEEECOPOPO Y

Featuring Properties from Tanzania & Kenya

See page 22 for details

Specialized Wall Coating

4 | The Darproperty - Feb 2015

”Tanzanias leading land & property agent”

Dar es Salaam

Tanga / Pangani

Contacts

Arusha

Property img

FOR RENTMasaki – 5 b/r

USD 5,500 / month

Property img

Dar es Salaam Arusha Tanga / Pangani

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 SALEIlboru – 4 b/rUSD 195,000

FOR SALEBeach HouseUSD 200,000

Property img

Property img Property img Property img

FOR RENTOyster Bay – 4 b/rUSD 5,000 / month

FOR RENTCBD – fully serviced offices

Prices on request

FOR RENTMikocheni – 5 b/r

USD 2,500 / month


FOR SALE1 acre – Onsea Hill

USD 46,000

FOR SALEKili Golf – fairway plot

USD 149,000


FOR SALEBeach HouseUSD 350,000

FOR SALESeveral beach plotsPrices on request

FOR SALEHotel plot – 6,5 acres

USD 150,000

www.tzagents.com

FOR RENTCorridor Area – 3 b/r

USD 850 / month


Property of the month!Lodge – Saadani – USD 495,000

This beautiful lodge is located on Sange Beach, a few kilometres north of Saadani National Park. With its palm trees, fine white coral sand, and clear turquoise-blue water, this is a virgin beach. The lodges proximiy to the park means that guests can be offered a perfect combination of wildlife, safari and sea. The lodge consists of five luxury cottages and an ocean view bar and restaurant. There is plenty of room to expand the lodge substantially as it sits on a 25 acre plot. The property comes with a clean title deed (app. 90 years remaining) and has 176 metres of beach front. Fresh water is collected from 2 wells and power is supplied from a solar system backed up with a generator. This is a highly interesting opportunity for someone who wants to live a dream and at the same time be part of the expanding tourism market on this unspoilt

coastline of Tanzania!

PHOTO PHOTO

PHOTOPHOTO

6 | The Darproperty - Feb 20156 The DarProperty September 2013The DarProperty March - April 20122

Dar Es SalaamSlipwayJ. D. PharmaciesAirport Terminal 2All Shopping MallsVillage SupermarketNHC - Head QuarterScholastica Book ShopsAll Novel Idea Book ShopsPremium Super MarketsBundu Shop - Southern Sun Oysterbay Shopping CenterNakiete Pharmacy - MwengeHome Shopping Center Renowned Hotels & OfficesTanzania Investment Center (TIC) All Major Real Estate Agents

Arusha Mt Meru Hotel Ngurdoto Hotel Kibo Palace Hotel Impala Hotel Naura Spring Hotel Themi Suites Njiro Complex TFA Complex New Arusha Hotel Naazi Hotel Barista Cafe All Major Banks Woolworth Stores JJ black Stores Snow Crest HotelSmart Choice SupermarketsShoprite Supermarket

PublisherDarproperty Tanzania

Editor In ChiefLarson Chumi

[email protected]

Business Development & ProductsAbdallah Mugasa

Designs & LayoutsAlan Peter

Dennis [email protected]

Marketing & SalesMichael Francis

[email protected]

DistributionBoniface Metta

Online Content ManagerMbwana Mbura

Key Accounts ManagerBrenda Ndashuka

Finance Administration ManagerErick Kessy

Public RelationMaria 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

ZanzibarChavda HotelDhow PalaceBeyt al Chai HotelZanzibar Coffee HouseMtoni Marine HotelZanzibar CaféStone Town CaféDiplomatic SupermarketTembo House HotelMaru Maru HotelZanzibar Serena Hotel

NairobiSarova Stanley HotelNairobi Serena HotelSarit CentreThika Road MallOil LibyaJava Lounge CafesVillage MarketJunction MallKempinski HotelHilton HotelMega MallReal estate agent OfficesRenowned Restaurants

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

AVAILABLE FROM:

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.

Disclaimer


Tanzania Brokerage Industry

Real Estate Agency activities.In non-Tanzanian countries, it appears that the commission rates are lower when the information within the market is more efficient, open, and reliable. Many developing countries, like Tanzania, without Multiple Listing Services system, show the highest commission rates (10%). This makes sense in a market where information is costly and unreliable, and transactions are burdened by a high government bureaucracy. Globally, we see much lower residential commission rates in most of the highly industrialized nations, including the United Kingdom, Hong Kong and Dubai. Kenya is the only east African country with the low

Most residential real estate brokerage firms in Tanzania charge residential property sellers a commission of

5% to 10% of the selling price. Agents seem to compete for business on every dimension except commission rates with claims of faster sales, higher selling prices, or better service. Commission rates in many developing countries with no public records and no reliable Multiple Listing Services, such as Tanzania and Uganda, fluctuate between 5% and 10%. Sometimes the agency fees may run even higher than 10% among the real estate agents due to the lack of proper information in the market. In Tanzania there is no any Law or regulatory body to supervise

commission fee of 3% for the sellers. Fees in Hong Kong, typically 1% for the seller, are among the lowest in the world even with the extra charges for lawyers typically incurred at closing. In the UK, the commission rates average less than 2%. The seller is often required to pay for some advertising costs up front without a contingency for this fixed charge, which lowers the risk of the broker spending money that may not be recovered through a successful sale.The Tanzania residential brokerage fees should run closer to 3%, if the typical Tanzania agents were as productive as those in Kenya, the brokerage fees would be closer to 1.5%.

International Residential Real Estate Brokerage Fees Comparison

[email protected] | +255 715 849 097

OFFICE SPACEAVAILABLE

Along Nyerere rd, next to Dar Group Hospital - TAZARA

[email protected] | +255 715 849 097

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

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

12 | The Darproperty - Dec 2014

+255 756 012 987 | [email protected]

We’ve Made it Easier & Simplerwith US.

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Lloyd Jones LimitedViva Towers, second floor, suite 03

Ali Hassani Mwinyi roadP.o.Box 10705 Dar es Salaam

TEL: 255 22 210 3416+255 753 333 000

www.lloydjones.co.tz [email protected]

Arusha59 Haile Selasie Road,P.O. Box 1077Tel: +255 272543232+255 753 333 000

Quality Is Not An Act Its Is A Habit”Aristotle

We believe in Quality and deliver the same

EQUITY BANK | BANK M | BANC ABC | DTB BANK | EXIM BANK |

STANBIC BANK | NBC BANK | NMB BANK | KCB BANK | BARCLAYS BANK | TIB DEVELOPMENT BANK

With An Emphasis On Client Service, Our List Of Clients Continues To Grow

Specializing in valuation, advisory, and property management,we provide value-added and risk-averse solutions to a

wide range of property decision makers and stakeholders.


Located close to the United Nations & Village market, a double storey

Room, 6 Bedrooms, 5 Bedrooms (3 Ensuite), Kitchen & Pantry. 2 Staff Rooms.

A double storey house o ½ acre of garden in this secure residential

Bedrooms, Cloakroom & Kitchen with Breakfast Area. 2 Staff Rooms, Laundry Room, Generator.

7000 SQ. FEET OF OFFICE SPACE TO LET A double storey house located close to the Village Market, the UN and

Dining Room, Family Room, 5 Ensuite Bedrooms, Kitchen/Store. SWIMMING POOL. AVAILABLE 1ST OCTOBER 2014.

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

Ref. 27

RUNDA TO LET:Kshs. 320,000/= per month.

Ref. 41

GIGIRI TO LET:US $ 8000.00 per month.

Ref. 6

An immaculate contemporary 6 Bedroom house in a secure compound of 2 with beautiful views of the Karura Forest. 10,000 sq ft. Lounge, Dining Room, TV Room, Study, Kitchen, Cloakroom, Laundry Room with laundry chute & Linen Room. Home theatre, Pool Table, Wine Cellar, Garage, 3 Staff Rooms, Generator, WIFI.

A well built double storey house on ½ acre of garden. Living Room, Dining, 4 Bedrooms, 3 Bathrooms (2 Enusite), Cloakroom & Kitchen. 2 Staff Rooms, Double Carport, Borehole & Well Water.

A FURNISHED GUESTHOUSE in a secure compound. Living Room, 2 Bedrooms, 1 Bathroom & Kitchen.

FURNISHED & SERVICED Apartments in a secure compound of six with forest views. Living/Dining Room, 3 Bedrooms, 2 Bathrooms, (1

A double storey house in a secure development located off Kiambu Road. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (3 Ensuite), Cloakroom & Kitchen. 1 Staff Room.

MUTHAIGA

RUNDA MUMWE

FOURWAYS JUNCTION TO LET:US $ 12,500.00 per month.

Ref. 51

TO LET:Kshs. 300,000/= per month.

Ref. 90

TO LET:Kshs. 90,000/= per month.

Ref. 15

TO LET:Kshs.260,000/= per month.

Ref. 53

TO LET:Kshs. 155,000/= per month. (inclusive service charge).

Ref. 64

RUNDA EVERGREEN

PEPONI

PRICE: Kshs. 58 Million.(UNFURNISHED)

MEDINA PALMS – WATAMUA delightful apartment with beautiful private gardens and beach. This 2 bedroom Penthouse Apartment is one of the best located of its kind in the Medina Palms residential development. Set over two floors with stunning views over the fishing fleet moored in Turtle Bay. Extending to 283 square meters (3,046 square feet), the penthouse includes a large living space combining a reception and dining area with a modern kitchen off to one side. Both bedrooms are spacious, air conditioned with ensuite bathrooms. The master suite opens onto a terrace and has its own dressing room.

A spacious and well presented double storey house on 0.5 acre of

6 Bedrooms, 4 Bathrooms (2 Ensuite), Kitchen with Breakfast Area, Extra Bedroom with bathroom. 2 Staff Rooms.

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

Ref. 102


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

House for Rent - Mikocheni B$700 p.m

4 Bedrooms1 Master Bedroom2 Living roomsElectric fenceWater Availability

20 meters from the main roadIdeal for medium family / businessMature & well taken care garden

+255 756 012 987

newly built - 1 storey houseHOUSE FOR RENT MBEZI BEACH - NEAR SHOPPERS PLAZA

$1750per month

5 Bedrooms4 Ensuites2 Living rooms2 Public WashroomsLaundryMatured Garden

Call NOW+255 715 269 353+255 754 269 353+255 783 269 353


Masaki Prices to go down by 5 - 9%.Kigamboni, becoming the new darling of top real estate buyers.

Welcome 2015, the year 2015 will be an eventful year in Tanzania as the country is preparing for the Constitution referendum and the general election. That is on the politics side. In the real estate side, the experts should expect more deals as the industry is expected to be more vibrant than ever. The prediction will focus on seven 7 areas of the industry.

Prediction one. Mortgage rates to go down: As we noticed in the year 2014, the mortgage rates were between 16.5%-21%, for the year 2015 or this time next year the mortgage rates will be around 13% - 17% as we will see at least four more lenders joining the market causing price wars and competition in the market, the pressure on rates will also be influenced by credit availability from affiliates of the group institutions as the western economies are getting stabilized. We have further noted that the government has been urged to control its consumption and controlling its lending behavior therefore leaving more money for the financial institutions to lend the public rather than buying the Treasury bonds/bills.

Prediction two: House prices: For sales: There will a mixed reaction of house prices in different places of Dar es Salaam, the Gainers: Msasani, after the poor performance in the year 2014, Msasani property prices will now fetch more after the infrastructural improvement especially on water drainage systems and feeder roads. Negative effects of rain flooding can now be an event of the past for the Msasani dwellers, the flooding of 2014 not only chase hundreds of tenants from their properties but also became the number excuse for buyers. The up lifting of the Msasani/Mikocheni Tanesco road will be another plus to the area.

Another Gainer: Mikocheni, sits between two ambitious projects, the Kawe uptown project by NHC in Kawe beach and urban, commercial hub of approximately 3.5 million square feet by Mara Group to be erected near the U.S embassy, making it the most sought address for other businesses and residents.

Kijitonyama: We have seen this place been transformed from a pure residential hub to a new commercial hub which will see soaring prices in the year 2015.

Dar Es SalaamWhat Real Estate Trends To Expect In

2015.


Kunduchi, Mbezi and Tegeta will enjoy a moderate increase in demand therefore increase in prices as a result of Bagamoyo road expansion which made these places easily accessible for commuting residents.

Loosers: Masaki, Oysterbay and Upanga. Over the past years these places have enjoyed the top prices in the market, things are not the same anymore. We will witness prices going down in these places simply because of oversupply. It is unchallenged truth that these addresses were the most sought by the expatriate market but recently renters have enjoyed a wide option for their dollar likewise for the buyers. For example, in the year 2014 Masaki there have been an addition of around 1000 units in the market while the absorption rate being at 65%. The case will be likely for the mentioned places it be on rental and sale prices as the two are kind of co-related positively.

Prediction three: Kigamboni prices to soar, we heard a lot about this place and finally, things look like it is now on. Although things have not taken a clear path from the government side, we have seen a number of initiatives by the private sector and other developers.

The Kigamboni bridge which is funded by the NSSF is scheduled to be completed by July 2015, enhanced accessibility between Kigamboni and the Dar mainland will no doubt increase the appetite of real estate buyers for this, therefore expect to see prices going up in two digits.

The Dege Eco Village, Avic town and the Real Madrid Sports academy will be another catalysts for the soaring prices as buyers are assured of the social amenities proximity that supports their lifestyles.

Prediction four: No major ground breaks. In the late 2014 we saw a few ground breaks in many places in Dar. The year 2015 will witness few of these as we are heading to the general election, most investors will have a wait and see attitude and channel their funds to support their political allies.

Prediction five: Commercial rates to go down. The boom in the commercial real estate seems to be heading to its final days, the year 2015 will witness a major drop of rates in the commercial real estate, characterized by substitution or conversion of residential units to business addresses and the supply phenomena, the markets go through expansionary and contracting phases of the business cycle. During period of expansion, supply lag means that demand is unsatisfied, so prices and rentals rise. During periods of contraction which the year 2015 will be, supply lag will result in an oversupply of space, in the late 2014 the market had over 65,000sqmt unsold in the CBD only and expecting another 100,000 sqmt in the market for this year, with an absorption rate of 46% per annum even though the occupancy rate is over 70% in most buildings, predictions show more spaces will be unsold and vacancies in rental properties will go high, seeing prices going down by at least 12%.

Prediction six: World`s brand to venture in. It was Knight Frank in 1994 a UK Franchise, Regus, Remax in 2014, these are world`s top brands in the real estate service provision, in the 2015 we are set to welcome another two brands in our local real estate market.

Prediction seven: The use of technology. Searching for real estate traditionally was through words of mouth from friends, family and colleagues. The house hunt could only be done by physical visits. Like many other industries real estate has also embrace the use of technology from websites and applications for desktops and mobile devices. In the year 2015 Darproperty has taken an initiative to cook two mobile applications for smartphones and normal phones that will revolutionize how people do property hunting, collecting market insights, comparing properties to make informed decisions with many other appealing features to any real estate enthusiast.

Last but not least, the introduction of online title deeds! Kigoma legislator Hon. Zitto Zuberi Kabwe, recently proposed an introduction of digital land titles in a bid to curb persistent land conflicts in the country. Hon. Zitto made the remarks while debating the annual report tabled by the parliamentary committee on Lands, Environment and Natural Resource in the parliament, Dodoma. With his ability to push agendas we might see the implementation of the online title deeds, sooner than we thought or becoming trendy in the year 2015.

Prepared by: Babu Masanja [email protected]


chokoleinvestmentl i m i t e d

T h e U l t i m at e O u t d o o r S o l u t i o n s

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

Worry Free - Money BackGUAR ANTEE

P R O F E S S I O N A L

Designers & Installers of:

Car Shades, Gazebo

Electrical Gates

& Umbrellas


Mikocheni, Garden Road, Dar es Salaam, Tanzania.Mikocheni, Garden Road, Dar es Salaam, Tanzania.


P R O F E S S I O N A L P R O F E S S I O N A L

Designers & Installers of: Designers & Installers of:

Car Shades, Gazebo Car Shades, Gazebo Car Shades, Gazebo

Electrical Gates Electrical Gates Electrical Gates Electrical Gates

& Umbrellas & Umbrellas & Umbrellas & Umbrellas & Umbrellas & Umbrellas & Umbrellas

Kitchen Cabinet | Home Furnitures | Office Furnitures | Wardrobes & Cabinets | Interior Design

Luxury LivingCall: +255 768 380 680 | Showroom: +255 222861661

Visit our showroom at DL Plaza along Pugu rd, near TATA showroom.

[email protected] | www.visionfurniture.co.tz

chokoleinvestmentl i m i t e d


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

Worry Free - Money BackGUAR ANTEE

P R O F E S S I O N A L

Designers & Installers of:

Car Shades, Gazebo

Electrical Gates

& Umbrellas

Dar Es SalaamMlimani Tower, �oor no. 8

opposite Mlimani CityTanga

Skuli street,opposite Tanesco ufundi

www.dayliff.com

REAL ESTATEThe ABCs of REAL ESTATE MARKETCommercial Broker one lists and sells commercial property, which may include shopping offi ce, industrial, and apartment projects. Contract residential broker. Nearly all states offer just one type of broker license, which can be used for any type of property.Example: Collins sells apartment complexes to earn a brokerage fee. She is considered a commercial broker despite the fact that apartment is residences.

Collateralize mortgage obligation (CMO) a security backed by a pool of mortgage loans that may be separated into various classes with varying maturities. Note that REMICS are the standard vehicle for investing in mortgage instruments.Example: Fidelity savings and loan pools $2 million worth of home mortgage to create a collateralized mortgage obligation investors in the CMO receive periodic interest and principal payments as well as return of principal payments as well as return of principal as the loans are repaid.

Equitable mortgage a legal document that encumbers the property but is not technically a mortgage because of the existence of some legal error.Example: Although there was an error in the property’s legal description that was attached to the documents, the parties intended the transaction to be a mortgage loan. And the judge enforced the equitable mortgage as if it were a mortgage loan on the property.

Horizontal property laws state statutes that enable condominium ownership of property. Whereas property laws generally recognize ownership rights to all space from the center of the earth to some distance in the air, condominium laws allow individual ownership to be split on a horizontal plane that generally limits the unit owner’s interest to the inside dimensions of the unit. See common elements.Example: before passage of horizontal property laws all owners in a condominium were obligated under each individual mortgage loan in the complex. If one owner defaulted, the lender could foreclose on the entire condominium. Now, to secure a loan, each owner pledges only his or her limited interest in the condominium.

Mortgage commitment an agreement between a lender and a borrower to lend money at a future date, subject to the conditions described in the agreement.Example: baker wishes to build a home. Construction will require 6 months. Baker obtains a mortgage commitment from home town savings and loan for permanent fi nancing of the home the time of its completion.

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 negotiations 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.

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CONTACT US:+255 22 2181918. +255 22 2181941, +255 784 440272, [email protected]

Plot No. 84/36G Rashid Kawawa Road Opp. Biafra Play Ground Kinondoni

FEATURES: OfficesFully furnishedSwimming pool Modern kitchen appliances Fully equipped gym Air conditioning Standby generator Elevator 24hrs Ample parking DSTv connection High-end security & CCTV cameras 24 hour Management service

Make yourself at Home, Samsa Real Estates offers a personally inspected selection of privately owned,furnished accomodations for rent which includes everything quality,

heritage stlyed homes to luxury downtown apartments.

real estate ltdsamsa

“Where customer needs are fulfilled”


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.

Order form for subscription to The Darproperty Magazine and receive your free copy.Personal Details

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OTHER PAYMENT OPTIONSCALL US +255 784 238962 / +254 728 992 531

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CLASSIFIEDS

3bedrooms, 2bedrooms, fully furnished,swimming pool, gym,

0765384239/ 0765283750

Mikocheni B - Bima road5 bedrooms, 2 bathrooms, 493sqm

200 Metres from the main tarmac road, +255 786 207 911

20 surveyed contiguos plots(medium density) Kerege Bagamoyodistrict, 1 kilometer off Bagamoyo rd.

suitable for housing estate0713 336 387/ 0762 122 328

School plot, 26,900SQM, adjacent to NationalHousing estate

Clean Title Deed.0713 336 387/ 0762 122 328

Plot for sale at Bunju - few metersoff Bagamoyo road

0754 780 6500789 331 255

1 one acre, Ideal for petrol station0715/0784 281851

2 plots of 12.4 acres and 3 acres great north and west views of ngorongoro crater rim and

oldeani mountain;fully titled. 0787 133 947

Plot for sale in Kawe situated on themain road, 4,000sqm0786 904 360

ubungo

3 Acres - Ubungo Msewe0718 568 482/ 0758 325 491

SALE 700m

West K

ilimanjaro

1,000 Acre Farm located betweenMount Meru and Mount Kilimanjaro

0786 904 360.

sale $3,000,000

kibaha visiga

Visiga - Kibaha Has Title Deed No.7828012,200/= SQM

0756 359529/0754 3665310754 013550/ 0767 010854

Visiga - Kibaha Has Title Deed No.783108,907= SQM

0756 359529/0754 3665310754 013550/ 0767 010854

Plots for sale at Kigamboni,mwasonga-kichangani, 25km from ferry.

(price are negotiable.0717 992 455/ 0787 992 455/ 0767 992 455

SALE 4 Bedrooms house, 2 Bathrooms,

2 living rooms, enough water reservior,20 meters from the main road

1 master bedroom, electric fence0756 012 987

kibaha visiga

SALE

kigamboni

SALE 12,000/=Tsh/m2

ubungo kibangu

3 Bedroom, 2 Bathroomsbehind Mzee wa Upako Church

0657 376496

SALE 150,000

gezaulo

le

636SQMGezaulole Temeke Municipality,

0715913814 / 0784913814

SALE 15m

3.05 Acre,Title deed no.78280

0767 010 854 / 0684 010 854

11/4 Acre 1 km from Morogoro rd.

0718 568 482 / 0758 325491

6989 sqmeter industrial plot Light Industrial area.

+255 789 234041 | +255 713 853369

LIST YOUR PROPERTY HERE FOR ONLYTSHS 30,000/= VAT EXCL.simply call 0767 200 202

[email protected]

kereg

e bagamoyo

SALE 100m

kisarawe

ubungo kibangu

kongowe

sale 50m

kibaha visiga

sale 122m

Kunduchi Beach Villas

+255 762 545 866 +255 684 425 142

KUNDUCHI VILLAS

NEWLY BUILT. MOVE IN READY! PREMIUM LOCATION VILLAS

FOR SALE!

price on request

bunju

sale $1,000,000

kawe

mikocheni

sale $1.5m

kigamboni

RENT & SALE $2000

masaki

bunju

SALE $900,000 SALE $400000RENT $2000

karat

u

SALE

RENT $700

mikocheni B


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KID

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3mx9

m /

27m

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4mx8

m /

32m

2

4mx1

2m /

48m

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8mx8

m /

64m

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DO

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A1 A2 A3 A4A5

A6A7

A8A9

A10

B1B2

B3B4

B5B6

B11

B12

B13

B14

B15

B16

B17

B21

B30

B31

B32

B33

B34

B35

B36

B37C1

C2C3

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B22

B23

B24

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B29

B28

B27

B26

B20

B19

B18

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THE 2ND DARPROPERTY EXPOLOCAL & INTERNATIONAL EXHIBITORS

2ND - 5TH MAY 2015Diamond Jubilee V.I.P Hall

Gala Dinner | Dar es Salaam Serena Hotel | 9 May 2015

[email protected]

Pre - registerNOW

TANZANIA: +255 784 238 962 | 713 751 868 KENYA: +254 728 992 531

LAND FOR SALE - KARATU

4 PLOTS TOTALLING APPROXIMATELY 600 ACRES OF LAND CLOSE TO KARATU TOWN.

VIEWS OF NGORONGORO CRATER RIM AND OLDEANI MOUNTAIN.

NEW SUB-TITLES. CLOSE TO KARATU TOWN

IDEAL FOR HOTEL / TOURISM, RESIDENTIAL OR INTENSIVE AGRICULTURAL.

NO AGENTS PLEASE.

CONTACT0787 133 947

[email protected].


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

www.mwanzaestate.co

6 Bedrooms 7 Bathrooms Air condition Swimming poolHot water

4 Bedrooms 4 Bathrooms Fully furnished Lake view

4 Bedrooms 3 Bathrooms Air conditionIndoor parking

6 rooms Ample parking250sqm HallAir condition

3 Bedrooms 2 BathroomsAmple parking Wire fenced

3 Bedrooms 2 BathroomsFencedAmple parking

4 Bedrooms 2 BathroomsIndoor parkingHot water

3 Bedrooms 3 BathroomsHot waterWide windows

4 Bedrooms 2 Bathrooms Dstv connected Fully furnished

3 Bedroom 4 Bathrooms Hot water Balcony

5 Bedrooms 4 BathroomsFully furnished Air condition Laundry room

3 Bedrooms 2 BathroomsParkingFenced

1 Acres Lake shoreAccessibleNear Jembe Beach

Lake viewNear Airport1000 Square Meters

Tourist LodgePeninsula with over 1km ofwaterfront

Airport view1000 Square Meters

FOR RENT - Bwiru FOR RENT - Capri point FOR RENT - Capri point FOR RENT - Lumumba

FOR RENT - Buswelu FOR RENT - Kiseke FOR RENT - Nyegezi FOR RENT - Bwiru

FOR RENT - Butimba FOR RENT - Bwiru FOR RENT - Bwiru Bima FOR RENT - Bwiru

FOR SALE - Luchelele FOR SALE - Luchelele FOR SALE - Ilemela FOR SALE - Ilemela

$4000 $2200 $1000

Tshs. 340,000/=

$400

Tsh. 420,000/= $600$350

$1500 $700 Tsh. 500,000/=

Tsh. 290m $91,000 Tsh. 71m

44 | The Darproperty - Dec 201444 The DarProperty August 2014

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

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

HAMPTONS PROPERTIES TZHaidery plaza - 1st fl oorupanga/kisutu streetP.O.BOX 6547 [email protected],[email protected] 204083/ 0784 323133

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

Real Estate AgentsDirectory in Tanzania

DAR 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


AKIBA COMMERCIAL BANK......................18&19ARUSHA WESTERN CORRIDOR .................8&9AFRICA SAFER TANZANIA LTD.................24&25AVIC TOWN...................................................1&22AXIS REAL ESTATE.......................................34&35BABU MASANJA..................................................17BERGER...................................................................2BOA BANK.............................................................1CES........................................................................32CHEMICOTEX......................................................37CHOKOLE INVESTMENT LTD............................28CITY PLAN............................................................30DAVIS & SHIRTLIFF...............................................31JAMII FORUMS....................................................45JJP INSURANCE...................................................26JV DEVELOPERS...................................................32KAFKAS ...........................................................3&48KARATU ................................................................42KENYA VALUERS.........................................14&15KOROSSO...........................................................17LLOYD JONES.....................................................13LONGONOT GATE............................................27MEK ONE.............................................................11MWANZA ESTATE..............................................43PROPERTY WISE.................................................47REMAX...............................................................1&7SAMSA.................................................................33SIMBA CEMENT......................................................1SPIK N SPAN........................................................42TANGANYIKA ESTATE AGENTS....................4&5TATU CITY ............................................................16TBS.........................................................................36TEREX.....................................................................31VISION FURNITURE............................................29WASHAPAWA.....................................................26

PATRON PAGE NO

PATRONS

ADVERTISERS

INDEXIf you like what you are reading

Buy from our Advertisers, remember to mention you saw theirAdvert in this magazine

If your business keeps you so busy that you have

no time for anything else, there must be something

wrong, either with you or with your business.

Advertise with US

NAIROBI+254 728 992 531

DAR ES SALAAM022 27805170784 238 962 / 0713 751 [email protected]

The Rock City Mall is a modern, state of art shopping facility in the heart of Mwanza.

This four-storey facility with a let table space of about 35,000 square metres of floor space is strategically

located at the junction of Furahisha and Airport roads.

The Rock City Mall is envisaged to be a home of high-end internal brands and high quality locally made products.

It is generously provided with ample car parking lot for more than 600 cars and 200 Bajaj.

The interior layout of the mall is nicely planned and shops on all levels are easily accessed by way escalators,

panoramic elevators and five staircases. There is a spacious central atrium for products showcasing andpanoramic elevators and five staircases. There is a spacious central atrium for products showcasing and

exhibitions. The basement is for storage purpose and is provided with two cargo lifts. All shops are centrally

cooled and there are two giant gen-sets for power back up.

Above all, security within and around the shopping centre is reliable

For Rental Enquiries please contact:Mobile: +255 682 426 262 | +255 716 119 999 |+255 654 171 717

Email: [email protected]

The shopping mall has already attracted the attention of:• Super market (TSN)• A wide range of banks such as CRDB Bank PLC, FNB Tanzania Limited, National Microfinance Bank PLC, Stanbic Bank Tanzania Limited, Exim Bank, Eco Bank Tanzania Limited, National Bank of Commerce ltd and bureau de change.• International Brands like Woolworths, Levi’s, Sony, Samsung, Apple store, GEMORO Jewellery and Tropical•• International restaurant and Coffee shop like INNSCOR INTERNATIONAL and CAFE & CHOCOLAT (Swiss Franchise) respectively• Telcom companies such as Vodacom, Tigo, TTCL and electronic shops.• Sheria Ngowi a designer shop and other renowned collections like Shear Illusions, Street Soul, Tausi Fashion and many more.• Samaki Samaki and a Rock sports bar at the main parking bay• Modern children amusement park that has to be fitted with high tech 5D indoor and outdoor games developed on one acre piece of land.

We have limited space available for:• Retail and mega shops• Coffee shops and Food courts• Stalls at walkways• Cinemas (Three halls)• ATM zone•• Basement storage space provided with cargo lifts on all levels

Conference facility / MultipurposeAmmusement ParkBar

Basement Storage with Cargo LiftsEscalatorLift

Backup GeneratorParking

darproperty jan 2015

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