darproperty july 2015 online

The Darproperty - July 2015 | 1

The

Issue No 40 | ISSN 1821-7753East Africa’s Ultimate Property GuideJuly 2015

www.darproperty.net FREE

COPYwww.darproperty.netFRFRF EEEEECOPOPO Y

Featuring Properties from Tanzania & Kenya

City

Wananchi wote mnakaribishwa kununua Viwanja hivyo vyenye Ujazo wa chini, kati na juu navingine vya matumizi mbalimbali. Viwango vya kuuzia viwanja ni kama ifuatavyo:-

Taasisi ya Miradi na Maendeleo ya Miundombinu ya UTT iliyo chini ya Wizara ya Fedha inautangazia Umma Uuzaji wa Viwanja katika Mji wa Chalinze, Mkoa Pwani

Matumizi ya Ardhi

Matumizi ya ArdhiNa. Idadi ya Viwanja

Bei ya Kuuza Tshs kwa kila Mita ya Mraba

4,000.00

3,500.003,500.00

4,000.00

Makazi, Majengo ya Umma (Public Buildings), Taasisi, Zahanati,Huduma za Ibada (Religious Institution), Shule, Taasisi za Elimu, Viwanja vya Michezo (Play grounds).

Makazi/Biashara, Nyumba za Makazi (Housing Estate), Biashara, Hotel

Makazi 104289273283314411

Makazi/BiasharaBiasharaHoteliViwanja vya Michezo ShuleNyumba za Makazi (Housing Estate)Majengo ya Huduma (Public Buildings)Zahanati/Kituo cha AfyaIbadaSokoKituo cha Biashara (Commercial Centre)College/Chuo

1.

1.2.3.4.5.6.7.8.9.

10.11.12.

1.

2.

13.

2. Maelezo ya Upimaji Viwanja (Mahali/Aina ya Viwanja Vilivyopo Kwa Kuuzwa)

Maelezo ya Fedha ya Dhamana/Malipo ya Mwanzo

Aina ya Mwombaji Fedha ya Dhamana kwa kila Kiwanja (Tshs.)

Mwombaji Binafsi 400,000.00

500,000.00Taasisi kama Mashirika, Benki, Taasisi za Dini, Shule, Mifuko ya Hifadhi ya Jamii n.k.

Angalizo:- Kwa waombaji ambao wataomba viwanja zaidi ya kimoja (kwa kampuni) watatakiwa kulipia fedha ya Dhamana / malipo ya mwanzo kwa kila kiwanja

Maelezo ya MwombajiUuzaji wa Viwanja katika eneo la Mji wa Chalinze unafanyika kupita Benki ya Posta Tanzania katika Matawi yafuatayo:-Tawi la Dar es salaam fomu zinapatikana kwenye matawi ya Mkwepu, Metropolitan, Azikiwe (YWCA). Kwa Mkoa wa Pwani fomu zinapatikana Chalinze PostalCooperation na Bagamoyo Mini Branch.Pia fomu zinapatikana katika tovuti ya www.utt-pid.org, na malipo yanafanyika katika Benki ya Postamatawi yote nchini.Bei ya kununua Fomu hii ni Tshs. 15,000/= na mwombaji akipata kiwanja atakilipia ndani ya miezi mitatu. Tafadhali rejesha fomu iliyojazwa vizuri katika Benki ya Posta; utapewa fomu ya uthibitisho / kukiri itakayoambatana na mhuri wa Benki ya Posta

Taasisi ya Miradi na Maendeleo ya Miundombinu ya UTT

Kwa maelezo zaidi/ufafanuzi wa yote hapo juu, tafadhali piga simu +255 757 254 653.

Imetolewa na:Ukubwa wa viwanja:- (a) Ujazo mkubwa (400 - 800m²), (b) Ujazo wa kati (801 - 1600m²), na (c) Ujazo mdogo (1601 - 4000m²)

1.

2.3.

4.

5.

New Chalinze

ABLA BEACH APARTMENTSZANZIBAR

STUDIO | ONE BEDROOM | TWO BEDROOMS | THREE BEDROOMSAbla Beach ApartmentsP.O.Box 4249 Zanzibar

Tel: +255 673 761 123 / 713 573327/ 775 000 666/673 502 329/ Landline: +255 2425 782/3/4

BAIT EL RAS MTONI ZANZIBARwww.ablabeachapartment.com | [email protected]

FOR RENTIIboru – 5 b/r$ 600 / month

Tanzanias leading land & property agent

Dar es Salaam

Tanga / Pangani

Contacts

Arusha

Property img

FOR RENTMasaki - 5 b/r

$ 5,500 / month

Property img

Dar es Salaam Arusha Tanga / Pangani

Annabel Burdes

Representative 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 RENTZanzibarian – 3 b/r

$ 700 / month

FOR RENTSouth of Tanga – 2 b/r

Price on request

Property img

Property img Property img Property img

FOR RENTKigamboni – 4 b/r

$ 600 / month

FOR RENTCBD – offices $ 16 / per sqm

FOR SALEKunduchi Beach – 3 b/r

$ 220,000


FOR RENTSakina – 3 b/r$ 650 / month


FOR SALESadaani – 10 acres

$ 95,000

FOR SALEPangani Stahabu – 5,6 acres

$ 85,000

FOR RENT Lodge for rent - 7 Bandas

Price on request

www.tzagents.com

FOR SALEUsa River – African Dream

$ 795,000

Property of the month!Arusha – Beautiful lodge - $ 995,000

This stunning lodge is located midway between Kilimanjaro International Airport and Arusha and is only 0,5 km from the gate to Arusha National Park. The lodge boasts excellent views of Mt Kilimanjaro and Mt Meru. The lodge was built with exquisite

attention to detail and sustainability – something that clearly shows. The main features of this lovely place are; 9 bedrooms distributed between 6 private cottages and the

main lodge building, main building with upscale dining room, bar and lounge, manicured grounds (8 acres) with mature garden, swimmingpool and an abundant bird life. Staff

quarters and three car garage with workshop.

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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 !

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LOCATION: Msasani Dar es Salaam, Old Bagamoyo Road, Plot 389/1 & 2 (opposite JKT)

A MODERN AND SECURE HOME WITH A STUNNING VIEW

��

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

Livingstone/Amani St. - KariakooAdamas Residence 4th Floor.

Amani St.

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Mo

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Rd

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LivingstoneHotel

Ad

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Msimbazi st.

Puma PetrolStation

Mobile:

12 | The Darproperty -July 2015

As a real estate investor in Tanzania especially Dar es Salaam, it’s important to know rental yield

because the yield of a property tells you how much of an annual return you are likely to get on your investment. Yield is a measure of percentage of income return you get from an asset, this measure applies to a number of assets, especially shares and real estate.For real estate, the yield calculation is the percentage of rental income for the purchase price, the yield is calculated by dividing the gross annual rental income by the purchase price or the current valuation. Rental yield can either be expressed as a percentage of purchase price or current valuation, yield calculated with the current gross rent and current valuation allows you to monitor several aspects of your investment property while yield calculated with the current gross rent and the original purchase price will provide an indication of how much rent have been increased or decreased since purchase.Falling yields either means an oversupply of rentals and hence falling rent or else a rising property market with valuations increasing. Increasing yields either means a strong rental market with rising rents, or else falling property market with dropping valuations.To get a yield of a typical area, one of the more useful measures is to start with an accurate indication of the current valuation of your property and other

similar properties in the region, and also current rent prices being achieved in those properties.In rough terms, if the rental yield is 2 to 3 percent higher than the current interest rates, then the property is likely to be cash flow positive. Real estate investor can use rental yield data to determine whether he over or under charging in rent on his investment.Yusuph [email protected]

RENTAL YIELD OF RESIDENTIAL PROPERTY IN DSM

LOCATION RENT (USD) PRICE (USD) YIELD (%)

Upanga 4,640 1,007,692 6

Masaki 4,703 1,307,143 4

Msasani 2,519 722,000 4

Oysterbay 5,200 2,111,111 3

Ada Estate 3,806 900,952 5

Mikocheni 2,657 431,586 7

Kawe 3,031 1,017,765 4

Kijitonyama 1,345 230,769 6.9

Mbezi Beach 1,560 368,108 5

AVERAGE RENTAL YIELD FOR A FOUR BEDROOM PROPERTY

IN SELECTED AREA IN DSM

For real estate, the yield calculation is the percentage of rental income for the purchase price, the yield is calculated by dividing the gross annual rental income by the purchase price or the current valuation.

The Business Daily 27th November 2014 reported that “…..In its second Offi ce Market Report for 2014, Mentor Management Limited said that Upper Hill was entering the peaking phase of development which is characterized by supply exceeding demand by at least 20 per cent…”. I was shocked beyond words when I read this article. But before then, there was another article in 26th February 2014 “…Commercial buildings in the Nairobi CBD expected to go empty as fi rms escape heavy congestion, says new report….”. What is my opinion, you ask. I will summarize in two words. Careless Reporting! Not by The Business Daily, but by Mentor Management Ltd. Yes I said it…I hope they don’t sue me though (on a serious note). I know drawing conclusions is very subjective, but there are some things that are just plain to see.

Correct me if am wrong, but there is nowhere in the world (okay let’s stick to Africa, before you get all wise cracking on me) where you will get an annual average occupancy of 100%. Why? Offi ce occupancy is dynamic, businesses expand, people move to bigger or smaller spaces, and some are even evicted. The Nairobi CBD has seen a lot of fl ight by corporates to other locations for all those reasons that have been listed by my friends at Mentor Management, but try getting offi ce space

in town today and you will fi nd only a handful. The Report made it seem like the Nairobi CBD is a ghost town. The truth of the matter is that there are businesses that thrive within the CBD. The human traffi c that passes through the CBD is more than the combination of Westlands, Upper Hill, Kilimani, Gigiri, and Karen. This obviously translates to business; ask the banks, insurance companies, professional fi rms, even start up SMEs. Let me stop there, this article should be about Upper Hill.

Unlike the half-truths contained in the Offi ce Market Report for 2014 by Mentor Management, it is my personal opinion that Upper Hill is nowhere near having a glut now or the foreseeable future if you go by all the macro-economic factors. The report concentrated on the supply side and completely went off the grid on the demand side. I confess that maybe I did a cursory run-through the report, but understand me, why go through all that pain to sift through errors. By the way, I learnt a new word the other day; Errorist – someone who repeatedly makes mistakes, or is always wrong. Westlands was also bundled in the wagon of doom, while Kilimani Area was suspiciously given the saving grace, where all property investors should run and take cover. All in all the report completely ignored the offi ce tenant; who he really is, where

he comes from, what makes him feel alive, and how he likes his space. Unfortunately, this is a story for another day. So that Mentor Management doesn’t sue me for slander or libel, any reference made in this article refers to the contents of the referenced reports released to the public in the stated dates, and does not in anyway refer to the company, or its ability to perform its business.

Real EstateConstruction Boom Leaves NairobiIn Offi ce Space Glut – The Half-Truths

“Correct me if am wrong, but there is nowhere in the world (okay let’s stick to Africa, before you get all wise cracking on me)where you will get an annual average occupancy of 100%

“

Morris Omollo - Property ConsultantRegistered & Practicing Valuer and Estate Agent in Kenya [email protected]

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.

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”

[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

From Tshs. 69M/=

is a housing estate project. You may pay for your home on easy installments within ten(10) years. You have one(1) year Grace period, Free of interest . Business people and employees are welcome.

Details: 1. Get your application form now at our office, Amani place

Building 7th Flour, Ohio Street opposite Serena Hotel.2. Homes may be customised to meet your needs.3. Deadline for applying and returning application form is Friday 31st July 2015.4. Down payment is 1.9% (one point nine percent).5. Project location: Kigamboni.

Tel: +255 222 196 874, Fax: +255 222 123 562Email: [email protected] Web: www.kopanyumba.estateOffice: Ohio Street, Amani place Building, 7th floor - Opposite Serena Hotel.

Mob: +255 763 293 184, +255 787 407 207, +255 766 724 944Contact:

City Homes

90% SOLD

Price:

Ksh. 16 M

th4 Floor, Nginyo Towers, Koinange St.

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

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

CHESAN APARTMENTS are elegantly designed 3 bedroom luxury apartments located in

Kileleshwa along Gatundu Road. It comprises of 56 units

within an acre of land.

KILELESHWA

ChesanChesanAPARTMENTS

Starting at

3 Bedroom master en suite with SQ

Shops Available for $700 + Vat + Service Charge

Of�ce space 13.5 Sqm + Vat + Service Charge

ABLA COMPLEXMikocheni - Along Garden Rd.FOR

RENT

REAL ESTATEThe ABCs of REAL ESTATE MARKET

EXTRAORDINARY ASSUMPTION an assumption within an Appraisal that is so essential that the value opinion would be erroneous if the assumption proved to be false. Compare with

HYPOTHETICAL CONDITION. Example an appraisal of proposed housing subdivision was based on the extraordinary assumption that it would sell approximately 100 developed lots per year. If the absorption rate proves to be invalid, the value opinion of the appraisal is also invalid

CONTAMINANT a substance element, or compound that many harm humans or other forms of life if realised into the environment. Refers to concentrations that are above acceptable levels and /or are in a location where they should be found. See maximum contamination level.Example asbestos, benzene, radon, PCBs , and lead – based paint are contaminants. Tests for these substance are commonly prepared as part of the due diligence process in the purchase of fi nancing of real estate. Testing for same is routine; for others, tests are done only if property is suspect. For example, benzene may result from a leaking petroleum storage tank, perchloroethylene from dry cleaner disposals, and PCBs from disposed electrical transformers. Normally, a property would be tested for these only if there were reason to suspect their presence.

TURNKEY PROJECT development in which a developer completes the entire project on behalf of a buyer; the developer turns over the keys to the buyer at completion, Example Many government –owned public housing project are turnkey projects. A private developer undertakes all activities necessary to producing the project including land purchase, permits, plans, and construction, and sells the project to the housing authority.

UNIT OF COMPARISON in an appraisal, a device used to compare the price paid for comparable properties of different sizes.Example the following units of comparison may be used to compare similar properties in a given area• house – per square foot• theater- per seat or per screen• country club – per hole of golf course• silo- per cubic foot

REZONING an action to change the designation of subject parcel or group of parcels on the zoning map. The effect of rezoning is to change the permitted uses for the affected parcels. See downzoning.Example brown, whose property was zoned for low- density residential, petitioned the city for a rezoning to allow construction of an apartment building.

QUITCLAIM NEED A need that conveys only the grantors right or interest in real estate, without station the nature of the rights and with no warranties of ownership. Often used to remove a possible cloud on the title. Contrast with general warranty need.Example: it is discovered during a tittle search that a certain property was at one time held by a partmentship that later abandoned the property. To obtain a marketable title, the current owner obtain quitclaim deeds from all partners in the old partners in the old partnership

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Darproperty Tanzania Co. LtdThe publisher of The Darproperty Magazine has relocate its offices from

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Highlights:• The mortgage market has continued to grow steadily, recording an annual growth rate of59% (with a growth rate of 23% recorded only in the last quarter of 2014).• 19 lenders are now offering mortgage products with more due to enter the market• Outstanding mortgage debt stood at TZS 248 billion.• Average mortgage debt size was TZS 69 million equivalent to around USD 41,000• The ratio of outstanding mortgage debt to Gross Domestic Product (GDP) stood at 0.46%• Mortgage debt advanced by top 4 lenders accounts for 67% of the total outstanding mortgage debt• High interest rates and lack of affordable housing remain the major constraints onmarket growth• Mortgage debt advanced by Tanzania Mortgage Refinance Company (TMRC) to mortgagelenders accounted for 14% of the market’s outstanding mortgage debt.Africa’s interest rates reduction campaign which ran for six months in 2014, interest rates on mortgage lending went as low as

. Mortgage Market Growth:

The mortgage market in Tanzania has been growing steadily as the pace of housing investment picks up. As at 31st December 2014 total lending by banking sector for the purposes of residential housing was TZS 248.35 billion, which is equivalent to USD 146 million. This represents an annual growth of 59%. Total number of mortgage loans also grew rapidly, from2,784 at the beginning of 2014 to 3,598 by end of December 2014, being an increase of 29%.

Factors attributed to this increase include increased awareness on mortgage loans among borrowers, public awareness campaigns by banks offering mortgage loan product, favorable interest rate environment during the year –with Bank of

prospects that large banking institutions such as NBC and NMB will enter the mortgage market as competition in the traditional banking products continue to intensify.

Figure 2 shows market share for top eight mortgage lenders, in terms of outstanding mortgage debt.

Obstacles to Growth of the Mortgage Market:

Demand for housing and housing loans remains extremely high but is constrained by inadequate supply of affordable housing and high interest rates. The current housing deficit in Tanzania is estimated at three million housing units with a 200,000 unit annual demand1. Most lenders offer loans for home purchase and equity release while a few offer loans for self-construction which

16% (for Bank of Africa) from the common 18% to 21% range as offered by most lenders.

Figure 1 below shows the trend of mortgage lending both in terms of amounts over the year;

Increasing Competition as New Lenders Enter the Market:

As at end of December 2014, 19 different banking institutions were offering mortgage loans, with the number expected to increase even further as more lenders continue to launch their mortgage loan products. The mortgage market was dominated by four top lenders, who amongst themselves command about 67% of the mortgage market. Equity Bank was a market leader commanding 20% of the mortgage market share, closely followed by Azania Bank which has the longest presence in the market with about 19% of the market share. Stanbic Bank and Commercial Bank of Africa followed Azania Bank with 16% and 12% of the market share respectively. The market experienced one new entrant (TIB Development Bank) in the third quarter of the year and there

for the most part continue to be expensive beyond the reach of the average Tanzanian. High interest rates offered by mortgage lenders also pose as another impediment to the growth the mortgage market. The 182 days T-Bill rate ranged from 13% to 15% during 2014, whereas interest rates offered by mortgage lenders continued to vary between18% to 21% (with Bank of Africa going as low as 16% in their six-month interest reduction campaign). The recent decline in the 182 days T-Bill rate as low as 8.99% towards the end of March is however promising a positive impact on all forms of long term debt, including mortgages.

Positive Initiatives to Boost the Mortgage Market:

The continuing projects by National Housing Corporation (NHC) being carried out from the company’s 2010-2015 strategic plan focusing on high, medium and low income earners are expected to have a positive impact on the mortgage market. Likewise the Public Servants Housing Scheme which is being administered by Watumishi Housing Company (WHC) is specifically tasked to build 50,000 affordable housing units in the next 5 years in various phases is expected to fill the affordable housing gap in the market as Public Servants will be able to buy the houses by taking cheap mortgages of between 10-and-13 per cent, repayable in 25 years. Most Pension funds are also actively engaged in advancing mortgage loans to their members. NSSF is also embarking on a large housing development in Kigamboni which will bring to the market a supply of 7,460 housing units in the next 3 years. It is also encouraging to see that private developers are also actively engaged on the supply of housing activities. Avic International is developing Avic Town in Kigamboni with plans to build 5,000 housing units in the next 3 years. Furthermore, Tanzania Buildings Agency has already embarked on a special project of constructing 10,000 affordable housing units under the initiative of the government. All these initiatives are expected to further boost the growth of the mortgage market.

Tanzania Mortgage Market as Compared to the East African Neighbors:

Compared to other countries in the region Tanzania still has a relatively smaller mortgage market, although it is growing rapidly. Mortgage debt outstanding as a proportion of Tanzanian GDP was equivalent to around 0.46% of Gross Domestic Product at the end of 2014. This is lower than its East African neighboring countries. Figure 3 below shows mortgage debt to GDP for selected countries including Kenya, Uganda and Rwanda.

TANZANIA MORTGAGE MARKET UPDATE

Figure 1 – Tanzania Mortgage Market – TZS outstanding

0

50

100

150

200

250

300

Dec-1

3

Jan-

14

Feb-

14

Mar

-14

Apr-1

4

May

-14

Jun-

14

Jul-1

4

Aug-

14

Sep-

14

Oct-1

4

Nov-

14

Dec-1

4

Mortgage DebtOutstanding TZSbillions

Trends on Average Loan Size:

Average loan size as at 31st December 2014 was TZS 69million, which is equivalent to USD41,000. The average loan size for 2014 has slightly increased from that of TZS 62million (USD38,000) in 2013. The average loan size across mortgage lenders varied greatly, reflecting different strategies and customer bases. Akiba, EFC and DCB who target lower income customers had much lower average mortgage loan sizes than say Stanbic Bank whose average loan size was TZS 293million.

TMRC Supporting Market Growth through Provision of longer Term Funds toMembers:

A key element in the growth of the mortgage market in Tanzania continues to be the provision of long term funding both in the forms of refinancing and pre-financing by the TMRC. The overall contribution of TMRC in the mortgage market in 2014. Currently refinancing and pre-financing mortgages advanced by TMRC to banking institutions is equivalent to 14% of the total outstanding mortgage debt.

With the recent approval of USD 60 million additional funding by the World Bank through the International Development Association (IDA) for the Housing Finance Project in Tanzania, TMRC‘s contribution to the growth of the housing market is expected to significantly increase over the coming years as the new financing will build on the achievements of the ongoing 2010

Housing Finance Project (HFP) which has overseen the establishment of the Tanzania MortgageRefinancing Company (TMRC) which is playing a key role in developing the mortgage market.

This report was shared to Darproperty Tzby Mr. Oscar Mgaya Chief Executive OfficerTanzania Mortgage Refinancing Company Ltd.

Table 1 – Total Mortgage Debt Outstanding by Lender

S/No Mortgage Lender No. of Accounts

Amounts in TZS Billion

% Market Share

1 EQUITY BANK TANZANIA LIMITED 82 50.52 20% 2 AZANIA BANK LIMITED 711 46.77 19% 3 STANBIC BANK (T) LTD 132 38.71 16%

4 COMMERCIAL BANK OF AFRICA (T) LIMITED 238 29.76 12%

5 EFC TANZANIA M.F.C LIMITED 990 12.57 5% 6 CRDB BANK PLC 139 11.97 5% 7 BARCLAYS BANK (T) LIMITED 69 8.45 3% 8 KCB BANK TANZANIA LIMITED 57 8.11 3% 9 DCB COMMERCIAL BANK PLC 771 7.94 3%

10 I & M BANK TANZANIA LIMITED 36 7.48 3% 11 BANK OF AFRICA TANZANIA LIMITED 59 7.37 3%

12 AFRICAN BANKING CORPORATION (T) LTD 35 6.55 3% 13 EXIM BANK TANZANIA LIMITED 26 4.94 2%

14 NATIONAL MICROFINANCE BANK (T) PLC. 23 3.13 1% 15 CITIBANK TANZANIA LIMITED 14 2.46 1% 16 AKIBA COMMERCIAL BANK LTD 207 0.61 0% 17 TANZANIA INVESTMENT BANK 3 0.50 0%

18 FIRST NATIONAL BANK TANZANIA LIMITED 5 0.44 0% 19 NIC BANK TANZANIA LIMITED 1 0.08 0%

TOTAL 3598 248.35 100%

Figure 2 – Mortgage Market Share

20%

19%

16%

12%

5%

5% 3%

3%

EQUITY BANK TANZANIALIMITED

AZANIA BANK LIMITED

STANBIC BANK (T) LTD

COMMERCIAL BANK OFAFRICA (T) LIMITED

EFC TANZANIA M.F.C LIMITED

CRDB BANK PLC

BARCLAYS BANK (T) LIMITED

KCB BANK TANZANIA LIMITED

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

Worry Free - Money BackGUAR ANTEE

CALL ON US NOW!

CLASSIFIEDS

3 bedrooms houselocated at national area in Moshi town 3965 SQM

with servant quarter0757 71 44 76 / 0687 51 45 45

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

JOSAM ESTATES COMPANY LIMITED We have the following properties for sale or rent at Mtwara Municipality:A new Hotel with Deluxe rooms at Mangowera area on a plot 3031 sqm.A residential building, fully furnished at Mangowera area on a 3218 Sqm.A residential plot at Kilimahewa area with 2437 Sqm.A Residential plot at Ufukoni area with 715 Sqm.A residential plot at Mitengo area with 1580 Sqm.

• All the properties have clean Title deeds • 0714 985676 Or 0762 410957.0783 377 098

WE ALSO OFFER THE FOLLOWING PROPERTIES FOR SALE• Plots at MAPINGA• Plots at Goba• Farm at Goba• Farm at MADALE (7 acres)• Plot at MIVUMONI (1acres)• Plot at Kibaha Kwa Mfipa

CONTACT: 0783 377 098

Kimanzichana20m from mainroad distance 70km from

postal city center 55km Mbagala center 11,550sqm0674 399 443, / 0682 793 030 / 0767 992 455

Plot for sale in Bunju Mwisho 26900 sqm/ 7 Acres with title deed,

+255 713 336 387+255 767 122 328

Picolo Beach Hotel, Kitchen, Restaurant & Barfor rent at negotiable price.

+255 786 505 082+255 654 194 114

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

KILWA

Beach PlotThe area is 35 Acres - Kilwa Masoko

+255 784 454 245

SALE $2M

MBEZI B

EACH

3 bedrooms (2 master)Fully AC, Servant Quarter(Studio Apartment)

Ample car parking Garden0787 04 04 01 / +33 760 034 054

RENT $1250

BUNJ

U A

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

clean 99 yrs title deednear st consolata complex

+255 759 339 495

Office block Vat Inclusive, plus service charge

+255 754 526 535

Four bedrooms Unfinished Housewith title deed and building permit.

0784 670 762

3 Bedrooms, Kitchen, Dinning, store, Tarmac road

+255 717 076 761 | +255 764 878 814

SALE $200,000

Industrial Plot facing Morogoro Road,completed wall (36,405 SQM)

Dawasco connection & Electricity0754 286 067/ 0784 286 067

GERE

ZANI

MBWEN

I MPIJ

I

RENT $12/sqm SALE 80,000,000

KIGAM

BONI

RENT $600Land for sale - Ideal for petrol station

or transport / logistics company - 7000 SQM 0787 528745

2 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

Luxurious beach resort for sale inmakunduchi, zanzibar 12,000 SQM

0787 528745

Msasani 3 bedrooms Apartment, fully furnished,+255 754 526 535

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

simply call 0767 200 [email protected]

MTWAR

A

SALE TSHS 400M

BUNJ

U

ZANZIB

AR

SALE $1.1m

MBEZI B

EACH

SALE 720m

RENT $6000 Vat Inc.

MASAK

I

Negotiable

MOS

HI - K

ILIMAN

JARO

SALE $2,500,000

TANITA

KIBA

HA

4 bedroom house -1 master bedroom, 2 car parking and ample space area surrounded

822 sqm0784 295 166 / 0754 295 166 / 0719 036 504

KIMAR

A BON

YOKW

A

SALE $ 26,000

KAWE B

EACH

CALL FOR PRICE

CONTACT: 0783 377 098

$650,000

SALE $420,000

KIBAH

AMSA

SANI

RENT $1500

PRICE Negotiable

MBAGA

LA

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

ABLA......................................................................4ADAMAS............................................................11AL-FALAH...................................................34&35AVIC TOWN.........................................................5BERGER ................................................................38BOA BANK..............................................................1CHANDARANA...................................................45CHESAN..............................................................30CHOKOLE.............................................................41CHUDASAMA......................................................20CITY HOMES......................................................27CRDB BANK...........................................................3DEGE..........................................................1,24&25ELEGANT.............................................................21FNB......................................................................48G4S..............................................................18&19HAMIDU CITY PARK...........................................39IVORY TOWER................................................8&9JAMII FORUMS..................................................47LAMUDI ...............................................................29LONGONOT GATE............................................28MASUMIN............................................................23MEK ONE.............................................................22PRL.................................................................32&33REEF APARTMENT.................................................10REMAX.............................................................1&13SAMSA ...............................................................17SIMBA CEMENT...................................................1TANGANYIKA ESTATE.....................................6&7TBS.........................................................................16TEMEKE PLAZA.....................................................15TWIGA CEMENT....................................................2UTT............................................................................4WULKAN..............................................................20

PATRON PAGE NO

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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 july 2015 online

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