prime location august issue online

HOME of PROPERTIESTanzaniaISSN 2408-8269 Issue No. 44 AUGUST 2015 Tsh. 5,000/=

4Prime Location - Home of PropertiesAugust 2015 - Issue No. 45 Office Space AppartmentsHouses LandH Ao

Managing DirectorEmillian Rwejuna

e all know that the first impressions make a huge difference when it comes to selling or renting out a

house or an apartment. We might be tolerant individuals for the main part but, when it comes to house hunting, a scruffy compound, overflowing bins and the like can bring out the secret snob in the most open-minded among us.

Recent study has suggested that most viewers make up their minds about a property within the first hour of seeing it. In this competitive market, this means sellers have to be even more conscientious when preparing their homes for the open market.

Turning on the air condition, fixing any damages on the floors, walls, ceilings and uncluttered surfaces never did harm anyone. So before you open your property to the pub-

lic, invest wisely by remodeling and fixing any damages. This will save you the hustle of selling or rent-ing out your house. Everyone’s dream is to own a home where one can comfortably raise a family, but most times the dream is far from reality as we are faced with finan-cial challenges.

But thank to the banks, they have made it all easier by availing home loans and mortgages. In this issue, we have explored home loans and mortgages from different banks with different features and advan-tages. Hence do not be left out, own your dream house with the support of the bank of your choice.

Special thanks to all who have contributed in making this issue as success. It is my belief that you will enjoy this issue as you have enjoyed our previous issues. So snuggle up and have a read.

EDITOR'sTalk

Welcome To Our Property Magazine Prime Location – Home Of Properties

TEAM

Magazine Manager| EditorPurity Le Toya

Design & Layout Dev Mwaibula

Sales & MarketingSophia GeorgeEunice Walter

DistributionWWPublished & Distributed

by Prime Location Investments Limited, P. O. Box 34683, Dar Es Salam, Tanzania

Tel: +255 767 711120 / +255 222 772494

Email: [email protected] Web: www.primelocationtz.com

All rights reserved. While every care has been taken in the preparation of this publication, the publishers can accept no liability for any errors or omissions that may occur. This publication is the exclusive property of the publishers and no part of the contents may be reproduced in any form prior written permission of the publishers.

W

Purity Le Toya

EDITOR'sTalk

Welcome To Our Property Magazine Prime Location – Home Of Properties


CONTENT30

04

1 4

08

16

20

22

34

30

CRDB Bank started giving mortgage loans branded “Jijenge” in July 2013 in order to facilitate acquisition of affordable quality houses

through purchase, construction and refinancing. The loans are long term in nature up to 25 years hence constituting long term

assets for banks and investors. Main objective of CRDB Bank is to maximize shareholders-wealth by providing banking

services, including loans for various purposes. Through our financial intermediation functions, we create long

term relationships with savers and investors.

32

18 14

Editor’s Note

Furnished or unfurnished

BOA Bank on Home Mortgage

Apartments & Villas in Dar Masaki / Oysterbay/ Ada Estate

Apartments & Villas in DarMsasani

Apartments & Villas in DarUpanga

Apartments & Villas in DarMbezi Beach

Apartments & Villas in DarCity Centre

Two and Three Bedroom ApartmentsFor Sale-Mikocheni

Two Bedrooms: USD 180,000Three Bedrooms: USD 230,000

Contact: 0754 711 120/0767 711 120 E: [email protected]

Amenities include: - Swimming pool - GYM- Standby Generator- Water reservoir tank - 24 hours security- Beautiful and greenery garden and trees.

View it more on www.apartmentsandvillasindar.com

These beautiful, spacious and well maintained apartments are located along the Mwai Kibaki road with a walking dis-tance to the beach.

They are in a beautiful and greenery compound of 26 apart-ments being mainly occupied by high end community with modern life style. Are in the proximity to all major shopping malls, International schools, International hospitals just to mention a few. The neighborhood comprised of retired president, Prime minister, several government officials as well as business owners and private sector top manage-ment.

HIGH END LIFE STYLE COMMUNITY | ONLY 26 APARMENTS IN THE COMPOUND | MODERN FACILITIES.

ALREADY WITH TENANTS | YOU BUY AND START ENJOYING INCOME ON THE FIRST DAY | FULLY FURNISHED | SELF CONTAINED BEDROOMS | SPACIOUS AND MODERN | AMPLE PARKING SPACE

8 August 2015 - Issue No. 45Office Space AppartmentsHouses LandH AoPrime Location - Home of Properties

SINGLE BEDROOM APARTMENTS - MASAKI

Located in the heart of Masaki along the main road with easy access to all important places in Masaki and Oysterbay including International school (IST), hotels, recreational, shopping malls, hospitals etc.

Amenities include� Swimming pool � Standby generator � 24hrs security � Ample parking space � Electricity fence

THREE BEDROOMS APARTMENT- MASAKI

Contact: 0767 711 120 / 0754711120 Email: [email protected]

PLI|45|001

PLI|45|002

Beautiful with brand new furniture and well maintained apartments. Located along the main road with easy access to all key places in Masaki in the Peninsular.

Amenities include� Swimming pool � Standby generator � 24hrs security � Ample parking space � Electricity fence

Contact: 0767 711 120 / 0754 711120 Email: [email protected]

SELF CONTAINED TWO BEDROOMS HOUSE TO LET IN MASAKIRent

USD 2000pm

MASAKI / OYSTERBAY/ ADA ESTATE

Rent USD 1600

Apartments &

Villas in Dar

Rent; USD 1,500 per month

UNFURNISHED THREE BEDROOMS APARMENT-MASAKI

Email: [email protected]

Prime located in the heart of Masaki along Chole rd. It is on 3rd floor giving good view of Masaki. All rooms are fitted with air conditions.

Amenities include� Ample parking space� 24hrs security� Garden� Exclusive water reserve tanks

Contact: 0767 711 120 / 0754711120 Email: [email protected]

PLI|45|003

SELF CONTAINED TWO BEDROOMS HOUSE TO LET IN MASAKI

PLI|45|004

rime

Rent USD 1600

MASAKI / OYSTERBAY/ ADA ESTATE MASAKI / OYSTERBAY/ ADA ESTATE

Lovely neat well presented self contained two bedrooms house in Masaki with an extra toilet for guests, a beautiful verandah, and ample parking space with 24 hour security.

Contacts: 0767 711 120 / 0754711120 , [email protected]

Apartments &

Villas in Dar



Price: $2,000,000

Apartments &

Villas in Dar MASAKI / OYSTERBAY/ ADA ESTATE

HOUSE FOR SALE IN MASAKI

House for sale in Masaki behind UAE embassy Area is 1800 sq meters l Contacts: 0716998864

APARTMENT FOR RENT IN MASAKI SEA VIEW VILLAS FOR RENT IN MASAKI

1 Bedroom - $1,5003 Bedrooms - $ 2,200

Fully furnished apartment for rent in Haile Selassie road Masaki.

Contacts: 0716998864

FEATURES REMARKS

Furniture Furnished

Master bedroom 1

Dining Room 1

Standard bedroom 2

Kitchen Modern and cabin net-ted

Living Room Spacious

Compound Paved

AMENITIES REMARKS

Security 24hrs

Parking space 2

Swimming pool Yes


Rent: $4,000 per month

PLI|45|005

PLI|45|006

PLI|45|007

11Prime Location - Home of PropertiesJuly 2015 - Issue No. 44 Office Space AppartmentsHouses LandH Ao

MASAKI / OYSTERBAY/ ADA ESTATE


MSASANI / OYSTERBAY

Rent; $2,500 - $4,000/ monthFEATURES REMARKS

Furniture Fully Furnished

Bedrooms 3

Bathrooms 3


GENERAL AMENITIES

Air Conditioning Available

Cable Internet Available

INTERIOR AMENITIES

Elevator Available

Fully Equipped Gym Available

EXTERIOR AMENITIES

Fence Available

Parking Available

ENERGY SAVING AMENITIES

Generator/ Transformer Available

Water Reserve Facilities Available

COMMUNITY AMENITIES

Swimming Pool Available

SEAROCK CHALLET - MSASANI PENINSULAR

VILLAS FOR RENT IN OYSTERBAY

Contact: 0784 28 77 11/ 0754 71 11 20 Email:[email protected]/ [email protected]

Close to International School (IST) , Sea Cliff Hotel and Double Tree Hotel, Restaurants/Bars, Banks, Yaught Club . Steps Away To “The Slipway Shopping Area” To Catch a Boat to the Mbudya and Bongoyo Islands Apartments sizes range between 2200sqft to 2400sqft

PLI|45|009

Apartments &

Villas in Dar

FEATURES RREMARKS


Bedrooms 5

Bathrooms 5

Kitchen Modern and cabin netted


Storage and Laundry Room

Yes

Compound Paved

AMENITIES REMARKS

Security 24hrs

Parking space Yes

Fully furnished 5 bedroom villas in Haile Selassie road next to oyster-bay hospital.

Rent: $5,500

per month


PLI|45|008

MSASANI / OYSTERBAY

Rent; $2,500 - $4,000/ month

FEATURES RREMARKS


Bedrooms 5

Bathrooms 5



Storage and Laundry Room

Yes

Compound Paved

AMENITIES REMARKS

Security 24hrs

Parking space Yes


his is a question we’re often asked by land lords and the answer depends mainly on the size of your property and what type of tenant you hope to attract.

While it is important to be flexible and accommodate the needs of tenants, generally you will find that, if you own a one-or two-bedroom apartment that you let to young professionals or couples, they will prefer to rent the property furnished as they tend to move home more frequently and prefer not to have the hassle of furnishing a property themselves.

For them, a rental home is more appealing if it is fully furnished, down to bed linen, towels and kitchen equipments. Larger properties (three-bedroom apart-ments and houses) tend to appeal to families who usually relocate for longer periods of time, often with expenses paid as part of a relocation package, so they prefer to rent an unfurnished property and bring their own belongings with them.

Whatever the size of the property, it can be a good idea to furnish and dress a rental home for viewings as this can help create a ‘lifestyle’ that will attract tenants, ensuring it lets more quickly. Many land-lords dress a property to make it stand out from the competition, then give the tenant the option to take it either furnished or unfurnished.

T

Furnished - Living room

If you decide to furnish your rental property, remember that the quality of furnishings is extremely important. Putting together a few, second-hand bits and pieces won’t do in today’s competitive rental market. You’ll need to invest in high quality, contemporary furnish-ings that create the type of stylish home that appeals to discerning, professional tenants.

An easy and cost-effective way to do this is to use a professional furnishings company that put together this ‘look’ for you. Some companies also offer furnishing packs, another practical solution.

Furnished or unfurnished which is the best when renting my property?


MSASAN PENINSULAR

DOUBLE STOREY STANDALONE HOUSE IN MSASANI BEACH - FOR SALE

ASKING PRICE

USD 380,000

Double storey house on a plot size of 1200sqm.

FEATURES REMARKS


Master Bedrooms 2

Standard Bedrooms 2



In built wardrobes Yes

Laundry Room Yes

Balcony Yes

AMENITIES REMARKS

Servant’s Quarter Yes

Outdoor bathroom and kitchen

Yes

Water Reservoir Yes

Air Conditioning


Apartments &

Villas in Dar

HOUSE FOR SALE IN MSASANI VILLAGE

FEATURES REMARKSFurniture UnfurnishedMaster bedrooms 2Standard bed-rooms

3

Bathrooms 3Living room SpaciousDining room SpaciousWater reservoir 8,000 litresAir condition YesGenerator NoElectric Fence NoCar parking 4Servant quarter YesLaundry room Yes

PLI|45|010

PLI|45|011

ASKING PRICE:

USD 500,000

CONTACT DETAILS: Mobile No: 0755 179 594/0652 584 435 I Email: [email protected]

Double storey house on a plot size of 1200sqm.

FEATURES REMARKS


Master Bedrooms 2

Standard Bedrooms 2



In built wardrobes Yes

Laundry Room Yes

Balcony Yes

AMENITIES REMARKS

Servant’s Quarter Yes

Outdoor bathroom and kitchen

Yes

Water Reservoir Yes

Air Conditioning



The Role of CRDB BANK in Promoting Mortgage Market in Tanzania

Overview on CRDB mortgage product

CRDB Bank started giving mortgage loans branded “Jijenge” in July 2013 in order to facilitate acquisition of affordable quality houses through purchase, construction and refinanc-ing. The loans are long term in nature up to 25 years hence constituting long term assets for banks and inves-tors. Main objective of CRDB Bank is to maximize shareholders-wealth by providing banking services, including loans for various purposes. Through our financial intermediation functions, we create long term relationships with savers and investors.

Mortgage target market and advantages

The mortgage (residential house fi-nancing) product targets potential borrowers including formally employed residents, self-employed, entrepre-neurs and the diaspora who operate accounts with CRDB Bank. Afford-able housing can provide wide range of benefits to families, communities and contribute to the overall economic well being.

Among the benefits of mortgage financing include the following: -

� Mortgage finance makes it possible for people to acquire decent housing

within their early years of employment (or work life) as they have the option to repay in affordable installments over a long time.

� The mortgage finance creates em-ployment directly and indirectly par-ticularly in the construction industry and indirectly in other related sectors and value chains.

� Mortgage financing also opens op-portunities for financial institutions to diversify their investments while at the same time paving an avenue for securitization and secondary market trading of mortgages.

� Housing as a basic need enhances security and healthy well-being of the society especially of the housing schemes are properly coordinated to give access to sanitation, schools and healthcare as opposed to slums.

� Mortgage financing may enhance re-mittances from the Diaspora in search for housing investments at home, and also the culture of domestic savings and long-term wealth creation.

CRDB Mortgage Loan features:

Depending on unique requirements and borrowers’ needs, the Bank of-fers Mortgage loans for the purpose of acquiring, improving, or construct-ing residential properties and plots,

secured by the acquired, improved or constructed residential property. The loans are offered to customers aged between 25 to 70 years. Properties to be financed are those within Tanzania mainland in surveyed areas with title deeds.

Our mortgage product offering includes: -

� Individual loans up to TZS 500m, re-payable on monthly, quarterly, semi-annual for a period of 20 years, and balloon payment.

� Special schemes tailored to suit groups of borrowers with common needs such as plots.

� Affordable interest rates.

� Options for accelerated repayments without prepayment penalties

� Mortgage Protection Insurance Cover - against death and permanent disability.

Role of CRDB Bank in various real estate projects

CRDB Bank has been involved in vari-ous projects, including financing of real estate developers such as NHC, and in financing of individuals in the construction and acquisition of homes. So far the Bank has signed memo-randum of understanding with vari-

By CRDB Bank management

ous developers to facilitate provision of mortgage loans to would be buyers of their houses. These companies are National Housing Corporation (NHC), PSPF, Joinven Investments (Jangwani Seabreeze Project) and AVIC Coastland Development Ltd.

The Bank is also underway to sign similar agreements with Tanzania Buildings Agency (TBA), Watumishi Housing Company (WHC) and Hifadhi Builders (Dege Eco Village).

In cognizance of the demand for sur-veyed plots by majority of Tanzanians, the Bank also signed memorandum of understanding with various companies dealing with town planning and Land surveying, namely ArdhiPlan (having projects in various areas country-wide), CityPlan (having project at Pon-gwe- Tanga), Tanzania Remix Center (having project at Chanika-Ilala) and Conreeb (with projects in Singida and Kahama).

CRDB Bank plans to support Real Estate Industry

CRDB Bank has been playing a cru-cial role in the financing of real estate through mortgage financing. The Bank has been financing purchase of land for development and existing build-ings and construction projects.

The Bank has planned to increase volume of business in the real estate sector through:-

� Financing of housing projects carried out by developers

� Continue granting mortgage loans to home buyers

� Financing purchase of plots for resi-dential housing

� Financing construction of houses by individuals

� Financing refurbishment and remod-eling of residential housesThe mortgage market in Tanzania has been growing steadily as the pace of housing investment picks up. Factors attributed to this increase include favorable interest rates, increased awareness on mortgage loans among borrowers, public awareness campaign by banks as well as the launch of mortgage loan refinancing facility by Tanzania Mortgage Refinancing Com-pany (TMRC).

The future of mortgage market is very promising given the economic prospects ushering a rapid growth in employment and income, as well as increasing investments in housing development led by National Housing Corporation (NHC). For instance, Public Servants Housing Scheme (PSHS) only is expected to build 50,000 afford-able houses in the next 5 years and these will sharply add to the supply of mortgages in the market. Most Pen-sions funds are also actively engaged in granting mortgage loans to their members, something which further boost the demand side of the mort-gage market in Tanzania.

Challenges of the Mortgage Market

The following are challenges facing the mortgage market in Tanzania: -

� Inadequate affordable housing sup-ply especially in major towns.

� Access to long-term funds which limits availability of financing.

� High interest rate in the market.

� Low level of incomes for the majority of Tanzanians

� Complicated legislation for land ti-tling and registration

� High cost of houses and taxation of the same

� Lack of property price indices and a lack of information on the property market which hinder mortgage evalu-ations.

� Lack of knowledge of the mortgage product and financial illiteracy

� Absence of Real Estate Regulatory Authority to control over-pricing of properties in the market.

Why choosing CRDB Bank mort-gage facility

CRDB Bank mortgage finance offers a comprehensive range of mortgage products through its branch network. The Bank has experienced and dedi-cated team of staff to provide tech-nical advice on matters related to mortgage financing including selection of property, insurance, property loca-tions and well structured loan repay-ment terms.

In addition, our mortgage products are competitive, in terms of:

� Range of products to suit individuals and special schemes.

� Flexible repayments options from monthly installments to balloon pay-ments.

� Formal arrangement with reputable developers to ensure availability of quality properties.

� Affordable and competitive interest rates.

� Mortgage Protection Insurance Cov-er against death and permanent dis-ability.



DREAM GLORY Apartments ... the name says it all.Oysterbay area in Dar es salaam City is notably an up market and security alert residential area and this can be seen by the influx of Foreign dignitaries, Government officials and Embassies that are housed in the area.

The Dream Glory Apartments are located along Zambia road within a nice quiet and serene environment with close proximity to International schools, Super markets, Shopping malls, Coffee shops, Leisure and Fitness centres, 5 star hotels, Restaurants, Up-market bars, Hospitals, Cinemas and to crown it all up, the property is just a walk away from the splendid beaches of the Indian Ocean where one can enjoy an ocean swimming experi-ence, surfing, snookering, deep sea fishing and weekend getaways to any of the oceans breathtaking islands

The property has a total of 72 apartments of 2 and 3 BHK options set within a 2.5 acres plot with a built up area of approx. 3700sqm.

Our apartments come in 3 types;

Type AThis 3 BHK option with a built up area of 160sqm comes fully furnished with an ancient European concept.

TYPE BThis 3 BHK option with a built up area of 140sqm comes fully furnished with a modern concept.

TYPE CThis 2 BHK option with a built up area of 110sqm comes fully furnished with a Mediterranean concept.

BEST SECURITY - BEST SERVICE - BEST QUALITY

Every apartment has access to our e-parking facility and spacious multi functional courtyard equipped with a swimming pool, childrens play area, café/ refreshment area, fitness centre, gym, sauna and a fitness walking trail around but within the compound.

Dream Glory was planned and designed as a high end rental residential complex with an eco friendly concept with lots of greenery that provides a very homely and relaxing feel for our tenants.

Electricity and water supply is provided by the main government run suppliers through TANESCO and DAWASCO respectively.

The property is also backed up by 2 standby generators, solar powered water heaters, CCTV, Wi-Fi, Intercom, Electronic Fence and e-cards for the parking lots and main entrances.

At Dream Glory, we are putting a lot of emphasis on SECURITY.

We have contracted one of the local prominent and reputable security firms (G4S) to carry out security management of the property.

As far as the entire management of the property is concerned, we have an in-house electrician, plumber, customer service team, 24 hrs help hotline and in addition we will provide Vehicle supervision, garbage collection, generator maintenance, swimming pool maintenance, cleaning services and a live-in Property Manager will be available 24 hrs to assist in any emergency.

It’s now your chance to book in advance

Oysterbay unleashes a New Luxury

+ 255 682 00 91 [email protected]

APARTMENT FOR RENT-UPANGA


UPANGA

Availability: Immediate

USD 1500



Beautiful and well maintained 3 bedrooms apartment on the 15th Floor with an amazing sea view.

Features and amenities

� Fully furnished � Three bedrooms� Two washrooms � Swimming pool� Gym � Washing machine� 24 hours security � Standby generator

PLI|45|012

PLI|45|013

PLI|45|014

Availability: Immediate

USD 1800

Availability 1st August

USD 1800

Beautiful and well maintained 3 bedroom apartment on the 7th Floor with an amazing sea view.


� Fully furnished � 3 bedrooms � 2 washrooms � Swimming pool � Gym � Washing machine� 24 hours security � Standby generator

Contact: 0767 711 120 / 0754 711120 E: [email protected]


It is spacious and beautiful 3 bedrooms, 2 self contained with open kitchen onthe 6th floor with big balconies givingspectacular sea view.


� Fully furnished � Three bedrooms� Two washrooms � Swimming pool� Gym � Washing machine� 24 hours security � Standby generator

Apartments &

Villas in Dar

DREAM GLORY Apartments ... the name says it all.Oysterbay area in Dar es salaam City is notably an up market and security alert residential area and this can be seen by the influx of Foreign dignitaries, Government officials and Embassies that are housed in the area.

The Dream Glory Apartments are located along Zambia road within a nice quiet and serene environment with close proximity to International schools, Super markets, Shopping malls, Coffee shops, Leisure and Fitness centres, 5 star hotels, Restaurants, Up-market bars, Hospitals, Cinemas and to crown it all up, the property is just a walk away from the splendid beaches of the Indian Ocean where one can enjoy an ocean swimming experi-ence, surfing, snookering, deep sea fishing and weekend getaways to any of the oceans breathtaking islands

The property has a total of 72 apartments of 2 and 3 BHK options set within a 2.5 acres plot with a built up area of approx. 3700sqm.

Our apartments come in 3 types;

Type AThis 3 BHK option with a built up area of 160sqm comes fully furnished with an ancient European concept.

TYPE BThis 3 BHK option with a built up area of 140sqm comes fully furnished with a modern concept.

TYPE CThis 2 BHK option with a built up area of 110sqm comes fully furnished with a Mediterranean concept.

BEST SECURITY - BEST SERVICE - BEST QUALITY

Every apartment has access to our e-parking facility and spacious multi functional courtyard equipped with a swimming pool, childrens play area, café/ refreshment area, fitness centre, gym, sauna and a fitness walking trail around but within the compound.

Dream Glory was planned and designed as a high end rental residential complex with an eco friendly concept with lots of greenery that provides a very homely and relaxing feel for our tenants.

Electricity and water supply is provided by the main government run suppliers through TANESCO and DAWASCO respectively.

The property is also backed up by 2 standby generators, solar powered water heaters, CCTV, Wi-Fi, Intercom, Electronic Fence and e-cards for the parking lots and main entrances.

At Dream Glory, we are putting a lot of emphasis on SECURITY.

We have contracted one of the local prominent and reputable security firms (G4S) to carry out security management of the property.

As far as the entire management of the property is concerned, we have an in-house electrician, plumber, customer service team, 24 hrs help hotline and in addition we will provide Vehicle supervision, garbage collection, generator maintenance, swimming pool maintenance, cleaning services and a live-in Property Manager will be available 24 hrs to assist in any emergency.

It’s now your chance to book in advance

Oysterbay unleashes a New Luxury

+ 255 682 00 91 [email protected]



MBEZI BEACH

BANGALOW IN MBEZI BEACH-14 SELF CONTAINED BEDROOMS FOR SALE

THREE BEDROOMS APARTMENT-MBEZI BEACH-FOR RENT

It is in a prime loca-tion area of Mbezi beach. Very magnif-icent modern double storey house with a side house in 1845 SQM compound.

It was formerly used as a hotel. It is on the second street from the tarmac road.

Gate inside view

Outside kitchen

ASKING PRICE

USD 550,000Amenities

Huge compound size with ample parking space *Fish pond * Greenery Water reservoir tank * Servants’ quarters

Potential developmentsKawe City about 3kms from the house. It is a modern city that is planned to accommodate commercial and residential properties. This will totally change the value of neighborhood.

Mwai Kibaki road expansion to duo carriage from Morocco to Africana Modern high-end houses in the neighborhood and more still coming up

Tarmac roads construction

Shopping malls in the neighborhood. Already Shamo complex and Shoppers Plaza up and running.

�

�

�

�


PLI|45|015

It is beautiful and well maintained in a big compound with modern facilities. It comprises of 3 bedrooms, dinning room, sitting room, kitchen and pantry. Other amenities include 24 hours security, standby generator, GYM, Swimming pool and ample parking space.


Rent- Unfurnished USD 1000

Apartments &

Villas in Dar

PLI|45|016


OTHER AREAS

PENINSULAR TOWN HOUSES FOR RENT

4 quality townhomes

� Each has 3 x large bedrooms (master with en-suite) and 1 sharing bathroom� Guest WC on first floor� Ocean view terrace� Backyard garden� Unique Private 2 car garage � Large storage rooms and closets� Laundry room� Maids room� 24 hrs. 80 kva automatic standby generator� 24 Hour Security

Mobile No: 0755 179 594/0652 584 435 Email: [email protected]

Rent is $ 3,500 plus $ 300 services

charges.

Beautiful four bedrooms double storey house in Makongo juu, 5 minutes drive from Mlimani city. It is in a great condition offering convenience for both residential and commercial use. The garden is a common place for nesting birds and a great place for people to enjoy the outdoors.

Ground floor�1 Large kitchen – with wooden cabinets and granite toppings. � 1 dining room �1 kids entertainment room �1 living room� 1 semi master bedroom – large windows on two sides, water heater in the bathroom.� 1 guest toilet � Storage space below the staircase� Veranda

First Floor� 1 Large master bedroom- with large windows and balcony.� 2 bedrooms – with large windows, wardrobe and a studying table.� Family sitting room � Common bathroom� Balcony all around the house� Sliding door leading to the front balcony overlooking the garden

Outdoor� Garage- big enough to fit 2 cars� Water facility, facility for laundry.� Large matured garden� Ample parking space up to 10 cars� Fully fenced

HOUSE FOR RENT-MAKONGO JUU


Rent: USD 2,000 per month

Apartments &

Villas in Dar

PLI|45|017

PLI|45|018

PLI|45|018


Q: How does Bank of Africa-Tanzania (BOA) provide home loan financing product?

The Bank offers three types of home finance loans which include home pur-chase loan which is designed to as-sist one to buy residential properties for rental, own use, for employees or other purposes; its maximum tenure is 20 years and minimum of ten 10 per cent deposit is required, though it also allows joint applications.

BOA also offers home equity loan which helps people who have already invested in residential properties to release their properties and improve their liquidity position, with a maximum tenure of 20 years with no deposit required.

Finally, we also provide home improve-ment loan which helps a customer in renovating, extending even completing the construction of his house. Maximum tenure of such a loan is 15 years.

Q: How has the market response been on utilizing the bank financial support for home ownership?

Much as our mortgage grew to book over Sh5.4billion which we have lent out to individuals, it is our hope that our participation in other partnerships with different institutions in this year will triple or even quadruple. It is thus fair and square to say that the response is big and rewarding.

Q: Being a new aspect in the country, where do you see home mortgage in the next 10 years?

It is worth to note that Tanzanians are now realizing the importance of prop-erty ownership and equally the role the banks play in helping individuals own their own homes. The mindset

on home mortgage is slowly changing as far as mushrooming of real estate properties is concerned. In ten years to come the home financing loans will be highly demanded due to the expan-sion of these areas where different houses are located right now example the Avic project at Kigamboni. That is to say the home financing mort-gage has a very bright future if we try to picture it in the next 10 years.

Q: How much so far has BOA injected on home financing support?

Since the launch in October 2011, BOA has grown to over Sh5.4billion, thus realizing Tanzanians’ wishes of pur-chasing, renovating or building houses of their dreams.

Q:Any major challenge that your bank faces in selling home loan/financing support?

The challenges include the unavail-ability of long-term funds for banks to match with the demand and of course unfavorable market conditions; mis-match in supply and demand of houses in the market caused by low penetra-tion of the product into the market due to poor response from the people who qualify to apply for these loans with the stereotype that the loans only focus on highly paid employees while in real sense everybody with a permanent employment can access these types of loans from BOA-Tanzania depending on the value of the house to be paid upon.

Negative perception of mortgage loans among the general public is another, as well as an alarming number of indi-viduals who own houses without proper legal documentation!

In Tanzania, prices of houses are rela-tively high, thanks to speculation. Nev-ertheless, some of these impediments

are slowly being mitigated through; an increased supply of low-cost housing by Tanzania Building Agency TBA as well as NHC under affordable housing proj-ect keeps on changing perceptions of mortgage loans by the public and many others.

Q: With the 2015/16 budget on VAT amendments-introduction on the bank services charges and waive on property sell (older than 2 years) what are the changes the market should expect espe-cially on property buying.

I think this is a laudable initiative and there will be an increase in buying of these houses which in turn will lead to increase demand of people in seeking for loans which actually will benefit the BANK OF AFRICA-TANZANIA as well as individuals themselves who buy these houses, building or renovating homes using the assistance from the bank.

What is the BOA’s plan on continuing to support the real estate industrial growth?

BOA plans to increase its budget in the real estate industry, and is also deter-mined to improve its product features to enable individuals qualify for the loans.

What are your calls to the government property developers and buyers?

The government needs to slash VAT on construction materials as well as finished houses so as to enable both low income earners and middle income earners to access mortgage loan. It should also speed up and increase the supply of surveyed plots for housing building as well as take appropriate strategies towards introducing new so-phisticated area for settlement estab-lishment.

BANK OF AFRICA TANZANIA HOME FINANCING PRODUCT

BANK OF AFRICA TANZANIA HOME FINANCING PRODUCT



The demand of building blocks to a city like Dar es Salaam cannot be underestimated.

The beautiful houses and skyscrapers that add beauty to our skyline are all as a result of such blocks.

Nonetheless, men behind such build-ing blocks more often than not find themselves rubbing their customers the wrong way, thanks to their below quality bricks that they manufacture and find way into the market.

As a result, it has become too com-mon for home owners and construc-tion companies to point each other an accusing finger, thus tarnishing the image of the construction industry in the country.

Also, much as brick making is a demanding job, men and women who bend their backs trying to produce best quality products, are also at risk of con-tacting diseases.

Accidents, Back aches, Tuberculosis (TB) and other field related diseases have been common to brick makers, re-sulting to unexpected deaths.

Twiga Cement Trains over 250 block makers in Dar es salaam

It is for this reason that Tanzania Portland Cement stepped in to quell the matter by recently training more than 200 Dar es Salaam block on improving health and safety at work, quality of block they produce, all in a bid of improving their lives.

The seminar held at Blue Pearl Hotel was part of Tanzania Port-land Cement’s efforts through their Twiga Cement brand of creating awareness in the industry on key topic such as safety and quality, according to Simon Delens, Twiga Cement’s Commercial Director.

“Construction in Tanzania continues to grow with an increasing demand for blocks. It is therefore impor-tant to ensure knowledge is shared among the different players in the industry to improve quality of the products available on the market,” noted Mr Delens.

On the sidelines of the seminar, Tanzania Portland Cement also took time to emphasize health and safety issues and provided full per-sonal protective equipment (PPE’S) like safety boots, overalls, face

mask and long sleeve gloves to all participants.

Revered to be the largest cement supplier and producer in Tanzania with a production capacity of 1.9 million tons per year and being a market leader, Twiga Cement sup-plies cement to many sensitive, renowned and competitive projects in the country including the new ultra modern national stadium, and the Bus Rapid Transit Pavement Roads.

Others include Kigamboni Bridge, the Multi- storey structure of PSPF, Uhuru Heights, Rita high Rise Build-ing and Viva tower.

The company produces high qual-ity cement products that conform to Tanzania Bureau of Standards (TBS).

At the moment, it produces three types of products, namely Twiga Extra (32.5R), Twiga Plus+ (42.5N) and Twiga Ordinary (42.5N).

32 August 2015 - Issue No. 45Office Space AppartmentsHouses Land H AoPrime Location - Home of Properties

The biggest billboards or the loudest ads don’t always trans-late to the best person for the

job. Agents are a critical part of the property leasing or selling process, and can offer unique insights and experi-ence. They also help shoulder some of the stress and help you focus on what matters most.

Property selling or leasing in the competitive market like Dar es Salaam is becoming tough especially if you have less or no clue on what is happening in the market such as price, standards, clients’ preferences and much more. That is why hiring the right agent will make your life easier and save much of your time and the-would be lost income because of failure to get the right client within a short period.

Selecting an agent is no different from hiring a business sales manager or a contractor. Same requirements and processes must be observed. Howev-er, in our market many have and still making same mistakes which are cost-ing them dearly.

Before I share the approved practices on recruiting the best agent, let me remind you some of the common mis-takes and their consequences.

� Multiple listing -Many believe that listing property with many agents will speed up the leasing or selling process. In the real sense it slows down the process and results to longer stay in the market and in most cases receiving less inquiries and low offers.

� Lack of roles alignments -It is very common to find the property owners and agents playing same roles. Each looking for clients and offering com-petitive offers especially the property owners. The agents find it difficult to

compete with the property owner and give less effort.

� Lack of proper planning and tasks time-line -In most cases there are no proper planning and tasks deadlines which results to less accountability on both sides. The property owners do not know what the agents are doing and the deadlines.

� No contracts -Both parties agree to work together without defining the roles, rewards and accountability. In the case either party fails to perform his/her duties there is no basis to claim for the damages.

� No facts- Both parties work on hear say basis. They set price based on rumors around. The consequences are wrong pricing which might result to over pricing and chase away potential clients or under pricing resulting to regrets for lost income.

So having reminded you on the common mistakes, let’s now have a look at some of the proved tips on selecting the right agent.

� High degree of professionalism -Agent should have a high degree of profes-sionalism and dedication to the work. He should have a good reputation commit-ment for the job.

� Good track-ing record -Using pop-ular and successful agent can be great. However, he must have a tracking re-cord to prove for

the job. The record should include how many properties he has sold or leased in the past twelve months and provide reference contacts for verifica-tions.

� Should have enough resources-Being successful is obviously a credit. But if he is serving too many clients with less resources, his attention might be split and you might not get the focus you want or need. He should have enough man power and other resources to deliver your expectations.

� Should have knowledge of the area -Area knowledge is a very impor-tant criteria to qualify for the job. He should be able to provide data on the area market trend including proper-ties prices, demand and supply, clients’ preference etc. Should be able to guide you on areas of improvement and price bracket you are likely to sell.

� Capable of share sales and marketing plan- An agent should present to you a convincing sales and marketing plan clearly showing sales plan rollout with list of potential clients and advertising plan showing techniques and advertis-ing medium he is going to deploy on marketing your property. Working with other agents is a plus.

� Reasonable service fee (Commis-sion) - If the sole benefit an

agent brings to a table is a cheap fee (commission), ask yourself why? Is the agent desperate for busi-ness or unqualified? Do you want to work with a desperate agent?

Best of luck on your journey to get the right agent for your prop-

erty!

HOW TO CHOOSE

The right real estate agent

Once you’ve appointed

your agent, a written agreement should be drawn

up. This will contain an estimate of the total fees, charges and ex-

penses you can expect to pay when your property is sold. Each part must

read the agreement carefully and if any is unsure of any aspects,

he should seek legal ad-vice before signing.

By Emillian Rwejuna


APARTMENTS IN THE CITY CENTRE-FOR RENT

Brand new apartments consisting of 3 & 4 bedrooms located in the heart of the city offering city centre and ocean views with modern facilities.

Rent3 bedrooms - $2500 & 4-bedrooms - $3000.

All negotiable depending on the clients budget.

The amenities include � Bathrooms: 2 (3-bedrooms) & 3 (4 bedrooms) � Kitchen � Living Room � Fully Furnished � Ample Parking � Brand New Unit � Standby Generator � High speed Internet� 24 Hour Maintenance Team � 24 Hour Professional Security �⁰1 min walk to the Ferry to Zanzibar�⁰15 min drive to the airport �⁰Supermarkets Nearby


Apartments &

Villas in Dar

PLI|45|019


FOUR BEDROOM APARTMENTS= IN THE CITY CENTRE

Selling Price: USD400, 000 +VAT | Rent: USD3800 +VATService Charges: USD350 per month

Four bedrooms apartment in Uhuru heights. Uhuru Heights is Dar-es-Salaam's tallest and most luxurious commercial and residential tower. The 26 story state of the art building is not only built near the busi-ness district of Dar but it also overlooks the great Indian Ocean and a royal golf course.

It offers breath taking views from every apartment and boasts a host of amenities including an in house (residents and guest only) gym, two large swimming pools and indoor children’s play area. The building has a 24/7 security staff and a maintenance center.


Apartments &

Villas in Dar

PLI|45|020


Wanted PropertiesTo Buy To Rent

Stand alone -Single Storey house3-4 bedrooms in Mbezi, Mikocheni or Kawe.

Apartments4 bedrooms. In Mikocheni Regent-Estate, Ada Estate or Msasani

Standalone -Double Storey House 3-4 bedrooms. In Mikocheni, Msasani, Kawe and Mbezi Beach.

Apartment3 bedrooms in Upanga.

Standalone House3 bedrooms with swimming pool, fully furnished with a master bedroom. Should be located Mikocheni, Mbezi, or either Msasani

Standalone double storey house6 bedrooms. In Mikocheni or Msasani

Office SpaceAt most 100sqm in a nice building with modern facilities including security, parking, generator etc. Preferred areas-Morocco to Makumbusho area, Zantel-Baraka Plaza.

Apartment2 bedrooms apartment to rent in Msasani or Mikocheni

Office SpaceA 600sqm nice building with modern facilities. Preferred areas include; Morocco, Mikocheni or Victoria

Office SpaceA 16sqm to 26sqm office space to let

Apartment3 Bedrooms. Preferred areas-Mikocheni, Msasani, Masaki, Ada Estate. Maximum rent USD 1800

Apartment3 bedrooms in Upanga. Rent USD 1500



TAN HOUSE VICTORIA

It is a thirteen storey new and modern building strategically located along New Bagamoyo Road seven km from CBD area. It is ideal for tenants looking for good space environment. The available office space is on the 10th floor with an area size of 830sqm.

It can be leased as a whole floor or divided into four of the following sizes.A: 129sqm B: 159sqm C: 201sqm D:270sqm

FACILITIES & SERVICES: Spacious modern open plan office, stand-by generator, car parking, central cooling system, facilities for disabled etc


OFFICE SPACES FOR RENT IN DAR

OFFICE & SHOWROOM SPACE FOR RENTPrime located along Nyerere Road

*Brand new 3 storey office complex along Nyerere road-Kipawa area*Ground floor: 425sqm -Ideal for Showroom, Bank & Restaurant* First-Third floor: 400sqm per floor-Ideal for office use

Amenities� Elevetor� 24hrs security� Standby generator� Ample parking space

NB: Maximum 2 tenants per floor


OFFICE SPACE-CITY CENTRE-125SQM

Located in the city centre on the 4th floor on a well maintained building with high profile businesses including bank.

Amenities include

� Kitchenette � 2 washrooms� Self LUKU metre� 24hrs security� No water bill

STANDALONE HOUSE/OFFICE FOR RENT/JOINT VENTURE-NEAR AMERICAN EMBASSY

It is an old house in a compound of 742sqm requiring reno-vation. It was formerly used as an office. It has many rooms (5+) that can comfortably accommodate at least 20 staff. It is neighborhood include American Embassy, New Oys-terbay police project, Namanga, Shoppers Plaza, Airtel and the upcoming NHC project (Morocco square). Very easily and conveniently accessible from all key parts of the city including Masaki, Oysterbay, Masani, Mikocheni, Mbezi beach and Kinondoni

It is available for long term lease and the tenant will be required to do the required renovation at agreed terms. The renovation costs will be factored in on future rent on yearly basis. There is also a joint venture option


Rent USD 2000pm

41

CONSERVATION HOUSE-MORROCO NEAR AIRTEL

LOCATION: Ali Hassan Mwinyi road (the service road between Best bites & Airtel Head Quarter) considering the fantastic lo-cation allowing easy access to City centre/Masaki/ Miko-cheni and Mbezi

AVAILABLE SPACE:166SQM on the third floor of the floor. But the area can be divided to accommodate mini-mum 100sqm office space re-quirements

SERVICES| 2 parking spaces | Full air condition (Samsung units) | Standby generator | Water and sewerage services| Garbage collection | Maintenance and servicing of lift | General security 24hrs, CCTV | Cleaning of the common area| Fumigation | Minor Maintenance | Caretaker | Administrative printing/Tele phone expenses

Contact: 0784 28 77 11/ 0754 71 11 20 Email:[email protected]/

[email protected]

Number of floors:5Size per floor-164sqmTotal size-820sqmDistance from city centre-10km

Located at Kijitonyama near Science and Technol-ogy about 300m from the main road in the proxim-ity to Mlimani City, Millenium Tower, LAPF Tower just to mention a few. Amenities include security, ample parking space, generator and reliable water supply.


STRATEGIC AND PRIME LOCATED OFFICE BUILDING-KIJITONYAMA

Rent-USD 12 per sqm

RENT USD 17 per SQM plus USD 2 service charge.

PRIME LOCATED OFFICE COMPLEX-MASAKI-209SQM

Comprises of two floors plus ground. It is beautiful and prime located in the heart of Masaki in the proximity to all shopping malls, hotels, restaurants, beach and International school of Tan-ganyika (IST). Amenities include ample parking space.

Rent: Ground floor USD 5500 + Service charge

1st & 2nd floor USD 4500 each + Service charge

Tel: 0754 711 120 / 022 2772494 Email: [email protected]

Prime Location - Home of PropertiesAugust 2015 - Issue No. 45 Office Space AppartmentsHouses LandH Ao


OFFICE SPACES FOR RENT IN DAR

Office Space Available For Rent

Location: City Centre (New Building)Mezzanine Floor (2 Office Space)

Rate: $1500 Per Month (ElectricityExcluded) 3 Washroom Available Per Office

Charges Are Excl Vat

OFFICE SPACE FOR RENT IN CITY CENTRE

OFFICE SPACE FOR RENT IN CITY CENTRENew and Modern Building in the City Centre

6th & 7th Floor:Total Square Meter @Floor - 442 SqmRate: $20 Including Service Fee Electricity ExcludedWashroom Available Per FloorKitchen Available Per FloorCharges Are Excl Vat

4th Floor:Total Square Meter- 350 Sqm (Can Be Sub Divided)Rate: $30 Including Service Fee Service Fee Includes Electricity, (Usage To Be Verified)Washroom Available On The FloorKitchen Available On The FloorCharges Are Excl Vat- $100 Per Car Park - Enough Car Slots- 2 Operating Lifts- Backup Generator- Water Bore Hole- Waste Collection- Security Guards- CCTV Cameras- Cleaning- Maintenance

OFFICE FOR RENT IN MASAKI

FEATURES REMARKS

Furniture Unfurnished

Bedrooms 3

Bathrooms 2

Living room Spacious

Dining room Spacious

Kitchen Cabin netted

Car parking 6

Compound Spacious and paved

CONTACT: Mob: 0755 179 594/0652 584 435 Email: [email protected]

Rent: $3,000 per month



IDEAL FOR BANK BRANCH, ATMs OR SUPERMAKETIt is strategically located on the main road at Ledger Plaza (Bahari Beach) hotel junction. It is a potential business centre for fast growing middle and high-end classes of Bahari beach, Kunduchi beach, Tegeta, Boko, Ununio etc. It boasts itself with the following business/office spaces

1. ATM machines spaces2. Pharmacy store3. Office space on the ground floor4. Office space on the first floor5. Internet café6. Restaurant

Other amenities include• Standby generator• Water reservoir tank• SecurityContact us for other details including rent per month

BRAND NEW COMMERCIAL COMPLEX -BAHARI BEACH

Contact: 0784 28 77 11/ 0754 71 11 20 | Email:[email protected] / [email protected]

OFFICE SPACE FOR RENT IN CITY CENTRE

Brand new and modern office complex in the heart of Masaki. Comprises of 5 floors inclusive of ground. Size per floor is 340sqm. Other amenities include elevator, ample parking space, standby generator, 24hrs access and 24hrs security. Located along Haile Selasie road.


PRESTIGIOUS MODERN OFFICE -MASAKI-1700SQM

Rent USD 25psqm



PRIME MINI DIRECTORY

Tel: +255 (0) 755 181 222E:[email protected]

Tel: 255 785 510 710 E: [email protected]

Tel: +255 22 276 1006E: [email protected]


+255 714 168971 / 0768903390

[email protected]

Tel: +255 222 113 300E:[email protected]

CALL: O716 998864


REAL ESTATE AGENCIES

INTERIOR DESIGNER & DECOR INSURANCE BROKERS

SECURITY COMPANIES PROPERTY MANAGEMENT CO.

Tel: +255767711120E: [email protected]

Tel: +255767711120E: [email protected]

Tel: 255 786 729 880 /255 687 578 866 E: [email protected]

Ezzy Interior & Decor

Tel: +255 (22) 2600471 E: [email protected]

Tel: 255 22 212 7471E: [email protected]

Property buying/selling/rentingProperty managementLand development consultancy

Tel: +255 715/754/789 363800 Email: [email protected]

Tel: 255 786 729 880/255 687 578 866

E: [email protected]

If you are looking into buying, selling, letting or renting an apartment or Villa in Dar

Visit www.apartmentsandvillasindar.com

LIST YOUR BUSINESS HERE

Tel: +255 767 711120/ E: [email protected]

If you are looking into buying, selling, letting or renting an apartment or Villa in Dar

prime location august issue online

Documents