prime location special edition online

HOME of PROPERTIESTanzaniaISSN 1821-8520 SPECIAL EDITION JANUARY - FEBRUARY, 2016 Tsh. 5,000/=

More Than

Apartment

InsideFOR

RENT

100spaces

HOW TO PRICE YOUR HOME WELL

THE MOST EXPENSIVEBILLIONARE HOMESIN THE WORLD IN 2014

AND HOW TO DO IT...

RISING STARS

BIG &PLAYERS

3,000,000 Houses Shortage Beautiful & modern

home security facilitiesBank loans - Better Solution for Home Ownership

Affordable & Low Cost houses…The untapped market

Managing DirectorEMILLIAN RWEJUNA

Magazine ManagerEUNICE WALTER

EditorJASON SUSANNA ANQUANDAH

Design & LayoutDAUDI MWAIBULA

Sales & MarketingSOPHIA GEORGE

BLANDINA ALOYCEELIENA MSHANA

Revenue & Admin ManagerANITA G. KISHURA

Real EstateWALTER MBAWALA

DistributionVALENTINE CHARLES

Published & Distributed byPrime Location Investments Limited, P. O. Box 34683,Dar Es Salam, Tanzania

Tel: +255 767 711120 +255 222 772494

[email protected]

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.

The past is for felicitations, hails, acknowledgements and gifts. The present is relatively more authentic, absolute, introspective, reflective and influenced by resolutions. Succinctly, the future is where the next steps become real. Undeniably, we are charged

with being a part of what the future is or is not going to be. It’s the time for what I like to call entrepreneurial optimism.

In this month’s edition, we celebrate the future and entrepreneurial optimism, with a giant nod to the great innovators shaping the direction we will go as humans and business people. It’s our premiere edition of “Tanzania Real Estate Big Players and Rising Stars.”

In this issue, we have the address to Real Estate stakeholders from William Lukuvi, the Minister of Lands, Housing and Human Settlements Development. Also, a remarkable connection between the present, changing times and the future in real estate is made by the Director General of National Housing Corporation Nehemiah Kyando Mchechu. Thus, exhibiting the NHC’s ability to position itself as a strong brand as it has gained trust among the public as the place to go, when in search for quality housing.

Many of our other top stories, focuses on development, including our examinations of the active developers, the prominent players in the game of real estate innovation such as DEGE, AVIC, WHC and Mapinga. Again, we feature the industry’s rising stars, and a survey of the next big ideas in Tanzania real estate; for instance LowMus, a property management and Real Estate agency firm founded and privately owned by two friends will also boost and spark a keen interest in you towards real estate. We also look at a myriad of property deals and profiles of prestigious banks such as Stanbic, NBC, CRDB and BOA along with their sensitive role and impact in real estate development.

Our hope is that the experience, predictions and encounters of these Real Estate Big Players will play a significant role in your future. Running this publication has been one of the most enjoyable experiences in my life, and I thank all of you readers, subscribers, and contributors for making that possible.

Until the next edition, may your real estate journey be successful at every one of life’s stages.

Editor’s Note

Suzan JasonMagazine Editor

TEAM

4 SPECIAL EDITION Office Space ApartmentsHouses LandH AoPrime Location - Home of Properties

It is my pleasure to thank you all for the support and immense contributions you have put in this rather nascent but very important industry which touches each and every individual’s life on a daily basis.

This is underpinned by the fact that without a decent home it would be unfulfilling for mankind and the overall objective of providing decent housing to all people. It is from this noble responsibility that the Government has been striving to ensure that the majority of the people own a house. Real Estate is an industry that is composed of multiple stakeholders that work together as a single entity.

These include but not limited to; Property developers, Banks, Contractors, Engineers, Architects, Property Managers, Real Estate Agents, Land and Quantity Surveyors, Consultants, the Tanzania Revenue Authority and the Tanzania Bureau of Standards. The shortage of decent housing for the entire country is one of the major concerns of the Ministry of Lands, Housing and Human Settlements Development. By the 2010, housing shortage was estimated to be 3 mil-lion units. While the bulk of the current stock in both urban and rural areas have been produced by individuals (about 90 percent), real estate, government agencies and other actors have been also contributing towards addressing this shortage.

The Ministry has tirelessly worked with various stakeholders towards achieving the industry’s objectives. On top of the agenda has been how to provide affordable housing units to the majority of the population.

For example, between 2010 and 2015, a total of 10,423 affordable housing units were constructed by the National Housing Corporation, Watumishi Housing, Mutual Developers , the National Social Security Fund, The Tanzania Building Agency and others. While the proportion of real estate developers remains low, when combined with initiatives from the private sector the true gap in housing shortage is decreasing. These initiatives have gone hand in hand with proper execution of the Unit-Titles Act (2007) which allows multiple ownership of a given property. The other equally important agenda is to make sure that our cities and towns are well planned

Dear Real Estate Stakeholders,

From the Minister’s Desk

Hon William Lukuvi - Minister of Lands, Housing and Human Settlements Development

"Between 2010 and 2015, a total of 10,423 affordable housing units were constructed

by the National Housing Corporation, Watumishi Housing, Mutual Developers ,

the National Social Security Fund, The Tanzania Building Agency and others"

not only to suit the modern settlement standards but also facilitate the provision of ba-sic services such as roads, water, electricity, recreational places, worshiping and educa-tional places.

This has been achieved by closely working together with private companies to survey and deliver surveyed plots all over the country. Before 2003, there was no serious involve-ment of the Private Sector in surveying plots for different uses. By that time the surveyed land was estimated to be 10 per cent. From 2003, the Government started to engage the private

sector and several companies in land surveying.

This was marked by the involvement of private Sur-veying companies in the survey of 20,000 plots project which ultimately, culminated into production of 41,000 plots in Dar es Salaam City. This project was replicated to other cities and towns such as Mwanza, Mbeya, Arusha and Morogoro.

These efforts contributed to increase the proportion of the surveyed land to increase from 10 per cent in 2003 to 1 5 percent in 2015. Our objective is to achieve 25 percent by 2020. Therefore, our call to all Tan-zanians is to capitalize on this opportunity by building houses

on surveyed land and use the titles as collaterals for ac-cessing loans from financial institutions for other develop-ment projects.

We have also worked on various policies and acts including the review of the National Human Settlements Development Pol-icy of 2000, The National Land Policy of 1995 and the Urban Planning Act Number 8 of 2007. Some of the challenges that emerged in the course of coordinating these initiatives and that call for our attention have been manifest in the form of land disputes and invasion of open spaces. Our endless efforts is to continueensuring that laws and by-laws are

adhered to, resolve all dis-putes and recover all invaded open spaces to be used for the planned purposes. We look forward to continue working together with all stakeholders to collectively deliver on these government objectives. We understand that the road ahead might be one with very many hurdles and sometimes full of uncertainties. However, the past one year has shown that if we work together as a team we can realize these objectives.

Hon William LukuviMinister of Lands, Housing and Human Settlements Development

5Prime Location - Home of PropertiesSPECIAL EDITION Office Space ApartmentsHouses LandH Ao

From the Minister’s Desk

NHC

WHC

DEGE Eco Village

Avic Town

5

8

18

24

26

28

30

34

38

41

44

46

48

58

Minister of Lands, Housing and Human Settlements Development

National Housing Corporation through the years

Start the life you love

A Heavenly Place

WHC Leading the way in Affordable Housing

WHAT IS HOME STAGING AND HOW DOES IT HELP SELL A HOUSE OR PROPERTY?

PSPF PLAYING BIG ROLE IN REAL ESTATE INDUSTRY GROWTH

Hamia Kwako with NBC Home Loan

MAPINGA SATELLITE CITY-BAGAMOYOStanbic Bank HOME LOANS

Jijenge with CRDB

HOME FINANCE IS UNIQUEBANK OF AFRICA

TENANTEviction and Procedure in Tanzania

Do You Feel Safe in Your Home?

48

CONTENTS

TMRC - PG 36

30

12

24

18


Dear readers,Let’s take a moment to reflect on our achievements gained in Tanza-nia Real Estate Industry in the past year.

John Dewey once said, “We do not learn from experience … we learn from reflecting on experience.” As such, in order to access our accomplishments, we seek to ask open-ended queries and ponder as a collectively find answers to our successes and challenges.

0 What is it about?0 What are the needs ? 0 Is it on track?0 Who are involved? 0 What roles do they play? 0 What are the challenges?

After our reflection section, we follow suit with setting our goals and consider the real needs that will allow us to plan accordingly.

Based on the above questions and deliberations, we would like to introduce our annual platform that will be featuring Tanzania Real Estate BIG PLAYERS and RISING STARS with each showcasing his roles and contributions. Special thanks to Hon. William Lukuvi, the Minister of Lands, Housing and Human Settle-ments Developments for embracing, supporting the idea and giving his fore words.

Emillian Rwejuna

FROM CEO's DESK

I would also like to thank all who have accepted the idea and gave your inputs because without this coop-eration then this wouldn’t have been realised.

It might be a surprise to some of us to realize that for the industry to operate completely smooth there is a long list of players with each playing a vital role.

The list include the government, property developers, Tanzania Revenue Authority, Tanzania Bureau of Standards, building material suppliers, architects, Quantity surveyors, contractors, consultants and land developers. Others are Banks, Real Estate Agents, PropertyManagers, Lawyers, Utilities suppliers, home decors, research companies, marketing firms, academic institutions, and the list goes on. In order to deliver the industry needs and targets all these have to work as a single entity.

Looking at the current housing gap of 3,000,000 with a rising annual demand of 200,000 houses, it is clear that we need special acceleration that will deliver the targets including the annual demand and closing on the gap on 3,000,000 houses deficit.

To achieve these goals we need to collaborate, work as a team and breakdown the requirements so that each player sets his plans based on the real needs and targets.

One of the key areas to focus on is the middle and low income segment which dominates about 70 percent of the to-tal industry’s needs. Special initiatives and focus are required to deliver affordable and low cost houses countrywide.

Without delving into further details, I hope this issue will provide you with a good read, one that will enhance opportunities and act as a basis for future collaborations. I am sure you will gain more insights and probably come up with constructive ideas on how to grow the industry.

If you have missed out on this first opportunity, worry not. Just start the preparations for the next one that will come at the end of the year.

Emillian Rwejuna Chief Executive Officer

''''

It might be a surprise to some of us

to realize that for the industry to operate

completely smooth there is a long list of players

with each playing a vital role.

24



The National Housing Corpo-ration (NHC) was established in 1962 by Act No. 45 with the

sole objective of providing and facili-tating the citizens with better hous-ing. This made NHC the first corpora-tion to be established by Mwalimu Julius Nyerere, just one year after Tanganyika’s independence.

The first task that the young corporation was tasked with was the slam clearance initiative; which was tagged as the ‘Ondoa Makuti’ campaign, an initiative that yielded 14,685 houses. This was made possible because there was commitment as the government side was funding 40 percent of the budget, whereas the government of the then Federal Republic of Germany (FRG) had committed itself to 17 percent grants to support NHC’s construction projects.

The Tanzania Housing Bank at that point funded 4 percent leaving the remaining 39 percent to be funded by NHC itself. The subsidies that the corporation received from the Government, financial assistance from the German Government and loans from the then Tanzania Housing Bank between 1962 and 1989 enabled the corporation to construct 16,356 houses countrywide.

Apart from the support and grants from FRG, the Corporation failed to deliver because of a number

of factors which included: unfavor-able legal framework, world economic crisis, lack of political support and inefficiency of the staff and management.

In 1990, the Government decided to merge NHC with the Registrar of Buildings which was established in 1971 by Act No. 13 to manage the nationalized buildings, to give the two organizations more financial power. This amalgamation formed a viable NHC with the cardinal obligation of spearheading housing agenda for better human habitation.

Despite the merger of these two corporations, there were no notable changes in performance as the Corporation only managed to build only 812 houses between 1990 and 2010.

Changing Times

In order for NHC to operate itself and cater for housing demand, the Government in 2005 made a miscellaneous amendment to enable the corporation to operate more commercially. Similarly, in 2008 the Government managed to enact the mortgage finance Act and the Unit Titles Act to facilitate the rapid growth of real estate sector. Moreover, in 2010 the Government made a tremendous overhaul by appointing a new Board of Directors and Management with the objective of

NATIONAL HOUSING CORPORATION

BUILDING OUR NATION

Nehemiah Kyando MchechuNHC Director General

Since its major changes, the corporation has investments worth $400 million in ongoing and completed projects and this is expected to double in the next five years

''

''



enhancing plans implementation and productivity so that the corporation could deliver on the housingshortage that now stands at about 3,000,000.

The first responsibility of the leadership was to prepare a medium term plan covering the period 2010/11 to 2014/15 that defined the new orientation and objectives of the Corporation.

This move was done because as trends in the economy continued to change, it called for a more dynamic approach in the industry hence, a need for a great restructuring to give it the face that it has today.

The new era ushered in new ways of doing business as the corporation’s sole funding was now through bank loans to build low cost housing.

It had to formulate a five year stra-tegic plan which acted as a road map towards major reforms of the housing firm.

The restructuring programme took two years to come into effect leaving us with barely three years on the first five-year plan but even then we have delivered on most of the projects.

According to the strategic plan NHC was supposed to construct 10,000 high and middle income houses and 5,000 affordable units.


BUILDING OUR NATION

The main reason that we decided to put more efforts on the high and middle income housing projects as opposed to low cost housing was to tap the resources from those with the financial muscles given the fact that, low cost housing are less profitable yet, the construction costs continue rising.

By July 2015, the Corporation had started implementing 142 housing projects of low, medium and high cost residential houses including commercial buildings.

These projects are located in various parts of the country with a total of 42,661 houses. Amongst them, 18 projects with a total of 6,494 houses have been completed, 35 projects with a total of 25,876 houses are under construction and 89 projects are in various stages of preparation. The Future

In 2008, the introduction of the mortgage finance Act that facilitat-ed the growth and investment of the housing sector, the Corporation has since entered into partnership agreement with 16 banks that are providing mortgage to house buyers on a long term basis.

The banks include Azania Bank, Bank of Africa, CRDB Bank, Exim Bank, KCB Bank, National Bank of Commerce, DCB Commercial Bank, Commercial

Bank of Africa, National Microfinance Bank, Banc ABC, NIC Bank, Stanbic Bank, First National Bank, Internation-al Commercial Bank, Diamond Trust Bank and Equity Bank.

By July 2015, 89 buyers managed to get loans to purchase NHC houses and others are in the process of getting them. The Corporation continues with its efforts to encourage members of the public to seize the house loans opportunity to buy houses of their own.

The total mortgage available to the 22 banks that are members of the Tan-zania Mortgage Refinancing Company (TMRC), has now reached 360 bittllion shillings.

Since its major changes, the corpora-tion has investments worth $400 million in ongoing and completed proj-ects and this is expected to double in the next five years.

NHC continues to position itself as a strong brand as it has gained trust among the public as the place to go, when in search for quality housing.

Even with such a bright future, the greatest challenge as mentioned earlier lies in lack of readiness from the municipal councils to provide land for the construction of low cost houses.



BUILDING OUR NATION

Tel: +255 754 444 333, +255 784 105 200 | Email: [email protected] | www.nhctz.com

Affordable Housing Projects Foot PrintsAffordable Housing Projects Foot Prints



BUILDING OUR NATION

# REGIONNUMBER

OF HOUSES

TOTAL INVEST-MENT-TZS

Incl. of Infrastruc-

ture and VAT

OCCUPANTS STATUS

1 Dodoma-Kongwa 44 1,841,096,476 264 AVAILABLE

2 Ruvuma-Mkuzo 18 812,432,157 108 AVAILABLE

3 Geita-Bombambili 48 2,075,973,941 288 AVAILABLE

4 Tanga-Mkinga 40 1,695,726,519 240 AVAILABLE

5 Katavi-Ilembo 70 2,648,804,883 420 AVAILABLE

6 Singida-Unyakuni 20 933,453,557 120 AVAILABLE

7 Kigoma-Mlole 36 1,420,887,037 216 SOLD OUT

8 Lindi-Mtanda 30 1,208,677,512 180 SOLD OUT

9 Morogoro-Mvomero 42 1,767,331,336 252 SOLD OUT

10 Tabora-Uyui 50 2,857,327,898 300 SOLD OUT

11 Manyara-Mrara 40 1,774,078,709 240 SOLD OUT

12 Kagera-Muleba 30 1,628,682,442 180 AVAILABLE

13 Arusha-Longido 20 1,328,083,769 120 AVAILABLE

14 Mbeya-Busokelo 14 1,112,564,278 84 SOLD OUT

15 Sumbawanga-Jangwani 20 1,859,590,517 120 AVAILABLE

16 Kahama-Zongomelo 50 2,922,979,340 300 AVAILABLE

17 Mara-Buhare 50 3,182,853,049 300 AVAILABLE

18 Mtwara-Masasi 56 3,550,983,512 336 AVAILABLE

19 Tabora-Igunga 30 1,849,313,964 180 AVAILABLE

TOTAL 681 36,470,840,905 4248

Affordable housing refers to housing units that are constructed for

Tanzanians whose income can purchase a house between the price

Tzs 20,000,000 and Tzs. 45,000,000.

Affordable housing in Tanzania has become a key issue especially in developing

our nation where a majority of the population cannot afford to buy houses at

the current market price. Disposable income of our people remains the primary

factor in determining the affordability of the buildings. As a result, it has become

our increased responsibility to cater for the rising demand for affordable

housing.

Our projects are designed and developed to offer various benefits to the

residents and their neighbors. The houses offer among other features are at

least 60 sqm size, 2 rooms, modern kitchen, sting and dining room. Facilities and

social amenities include roads, retail shops, kids play area, garbage collection

facilities, communal security etc.

The price range of NHC affordable houses ranges between Tzs. 30 million to 50

million. NHC has so far delivered 3,084 affordable housing units from 2010/11 to

2014/15.

Affordable HousingAffordable Housing



# REGION Houses TOTAL INVESTMENT-TZSIncl. of Infrastructure and VAT

OCCUPANTS STATUS

1 Dar es Salaam-Victoria Place 180 35,910,529,300.98 1,080 SOLD OUT

2 Dar es Salaam-Golden Premier Residence 220 81,048,013,756.14 1,320 COMING SOON

3 Dar es Salaam-Regent 300 210 28,804,292,812.51 1,260 COMING SOON

4 Dar es Salaam-Morocco Square 1,000 192,847,286,228.30 6,000 AVAILABLE

5 Mtwara-Rahaleo 125 27,418,804,442.42 750 SOLD OUT

TOTAL 1,735 366,028,926,540.35 10,410

Residential and Commercial buildings normally blend a combination of residential and commercial space, where those

functions are physically and functionally integrated, and provide convenience facilities to the residences and the neighborhoods.

These packages come with many advantages. They include spacious and modern houses (starting 126 sqm) and commercial area for modern hotels, shopping malls, corporate, SMEs offices and retail stores.

Facilities and social amenities include podium-commercial spaces, convenience centres-java lounge, retail stores, restaurants, mini-supermarket, ample parking space, swimming pool, club house, standby generator, waste collection system – garbage chute, gym, roof garden, kids play area just to mention a few. Most of them are Green Mark certified buildings.

Most of the projects have pent houses offering exclusive facilities including swimming pool, jacuzzi, library, office, gymnasium, servant room, utility/washing room, family lounge and main lounge.


BUILDING OUR NATION

Residential and Commercial Buildings

Undoubtedly, these projects take care of most needs of the residences and neighborhoods, adding tremendous value-socially and economically.


Morocco Square

Victoria Place


# REGION

NUMBER

OF

HOUSES

TOTAL INVEST-

MENT-TZS

Incl. of Infrastructure

and VAT

OCCU-

PANTSSTATUS

1 Dodoma-Medeli II 153 20,331,852,456 918 AVAILABLE

2 Dar es Salaam-Mindu 63 13,774,420,611 378 SOLD OUT

3 Dar es Salaam-Ubungo 86 6,788,771,788 516 SOLD OUT

4 Dar es Salaam-Mchikichini 50 5,787,545,038 300 SOLD OUT

5 Arusha-Levolosi 100 7,195,346,613 600 SOLD OUT

6 Dar es Salaam-Chang’ombe 20 1,969,683,741 120 SOLD OUT

7 Dar es Salaam-Kigamboni 209 11,979,540,777 1,254 SOLD OUT

8 Dar es Salaam-ECO Residence 118 30,546,048,707 708 SOLD OUT

9 Dar es Salaam-Kawe 711 408 140,361,816,534 2,880 AVAILABLE

10 Mtwara-Shangani 30 5,727,128,437 180 AVAILABLE

11 Dar es Salaam-Kalenga 120 28,319,771,220 720 SOLD OUT

12 Dar es Salaam-Chato 26 8,732,154,960 180 SOLD OUT

TOTAL 1,383 280,514,080,886 8,754


BUILDING OUR NATION

High End Residential projects comprise of high rise flats offer-

ing modern and spacious apartments ranging from studio to

four bedrooms plus pent houses.

The projects are well designed to convenience and comfort life styles

to the residences with extraordinary care given to every detail no

matter how small or tedious it will be to make sure the home are

flawless upon completion. Also, our high end residential houses are

designed not only for the purpose of selling luxurious homes but to

create an unprecedented level of service and homeowner experience.

Among the facilities and social amenities offered along include ample

parking space, swimming pool, club house, standby generator, waste

collection system – garbage chute, gym, roof garden, kids play area,

landscape garden, guard house just to mention a few

Penthouse amenities offer exclusive facilities including swimming

pool, jacuzzi, library, office, gymnasium, servant room, utility/washing

room, family lounge and main lounge.

Mid to High End Residential Housing


ECO Residence - Kinondoni, Dar es salaam

Shangani - Mtwara

Golden Premier Residence- Kawe DSM


# REGION SQUARE METRESTOTAL INVESTMENT-TZSIncl. of Infrastructure and

VATOCCUPANTS STATUS

1 Dar es Salaam-NHC Place 13,810 33,391,668,608.54 829 SOLD OUT

2 Musoma-Musoma Commercial Complex 2,000 2,365,444,599.37 120 AVAILABLE

3 Morogoro-2D Commercial Complex 5,750 5,148,539,735.24 345 AVAILABLE

4 Katavi-Paradise Business Centre 5,905 3,843,965,218.83 345 AVAILABLE

5 Tanga-Tanga City Mall 9,905 6,067,282,945.24 354 AVAILABLE

6 Mwanza-Mwanza City Plaza 5,905 6,067,282,945.24 354 AVAILABLE

TOTAL 58,155 70,800,084,238.20 3,240

These projects are designed and developed purely for commercial uses. They are mainly developed in commercial areas (CBD) and offer commercial space for local and multinational corporate offices, shopping malls, supermarkets, healthy

centers, conference facilities, retail stores, recreational areas, food stalls, warehouses just to mention a few.


BUILDING OUR NATION

Commercial Property

MKENDO COMMERCIAL COMPLEX- MUSOMA



ASatellite town or satellite city is a concept in urban planning that refers essentially to smaller metropolitan areas which are located somewhat near to, but are mostly independent of larger metropolitan areas.

It is a self-supporting city planned within the natural growth pattern of another major city. It is intended to stop urban sprawl, supply an alternate mini-central business district, and provide high-speed (preferably mass-transit) access between the major city and its satellites.

Our satellite cities are designed and developed to offer various uses and benefits including commercial, residential, community facilities, green area and parks, modern and well maintained infrastructure system, recreational centers, schools, worshiping facilities just to mention a few.


BUILDING OUR NATION

Satellite Cities

# REGIONSQUARE ME-

TRESNUMBER OF

HOUSESBUILD AREA (GFA)-SQM

PREPARATION COSTS-TZSIncl. of VAT

OCCUPANTS STATUS

1 Dar es Salaam-Uptown Kawe

975,000 3,000 2,100,000 5,900,000,000.00 18,000 AVAILABLE

2 Arusha-Safari City 2,513,000 4,500 1,844,067,796.61 27,000 COMING SOON

3 Arusha-USA River 1,200,000 3,000 865,000 2,766,101,694.92 18,000 COMING SOON

TOTAL 4,688,000 10,500 2,969,500 10,510,169,491.53 63,000


Commercial Property


PROJECT TYPE

No.NO.

HOUSESOCCUPANTS

CONSTRUCTION COSTS-TZS

INFRUSTRACTURE COSTS-TZS

VATEMPLOYMENT

OPPORTUNITIES

Low cost Houses

76 3,084.00 19,404.00 176,537,580,190.82 6,079,566,325.71 31,589,917,359.27 31,776.76

Residential Buildings

22 2,359.00 13,206.00 327,655,773,410.41 27,660,573,766.18 53,257,585,781.18 62,063.82

Commercial Buildings

20 1,092.85 6,557.08 124,421,517,191.71 4,162,719,569.37 21,146,849,334.20 22,395.87

Mix Use Buildings

18 6,400.75 38,404.47 591,103,751,823.30 49,359,714,544.23 99,108,677,388.54 106,398.68

SatelliteCities

6 23,000.00 138,000.00 14,441,173,011.40 49,695,801.76 2,270,009,442.42 2,419.41

As a corporation, we value the wellbeing of communities where we invest that is we have always endeavored to be part of the community by giving back. Our most recent activity was the donation of 656 brick laying machines

to youth groups in 165 districts at a cost of Tzs 731 million.

The objective of these projects is to create over 6500 jobs directly with some other 200,000 getting employed indirectly in the related sectors. It is our hope that, the youth in these areas will find this initiative worthwhile.


BUILDING OUR NATION

Summary

Corporate Social Responsibility


NHC Director General Mr Nehemiah Mchechu demonstrating how to use the brick laying machine to one of the recepients group


Summary

Prime Location magazine issue 46 printing.indd 15 9/16/15 2:20 PM

DefinitionHome staging is the act of preparing a private residence for sale in the real estate industry. The goal of staging a home or property is to make it appealing to the highest number of potential buyers, thereby selling a property more quickly and for high prices. Staging techniques focus on improving a property's appeal bytransforming it into a welcoming, attractive product that anyone might want.

“Home staging” is not a new term, but for many homeowners and real estate agents, the concept of “professional home staging” is shedding new light on how to promote a home in the real estate marketplace. In past years, homeowners were left to their own discretion as far as preparing they were for their home showings. Though they could occasionally rely on an agent for instructions, more often real estate agents were at a loss when working out the details as the homeowner.

While agents are experts in the field of selling and closing, many of them do not have the design know how. They usually know exactly what factors may help them to sell a home. On the other hand, it’s just not always easy to get a home into selling condition in a timely manner without some sort of experi-enced assistance.

Who is a Home Stager?Professional home stagers are practiced in the art of preparing a home for resale. They work with the “flow” of a home, eliminate clutter, edit and arrange furniture as well as assist in enhancing curb-appeal.

What does Home Stager Do?With the aid of a professional home stager, your house can make a notable first impression on potential homebuyers. As the real estate industry

often stresses, the first impression is the key factor in selling your home. Typically, “a potential buyer has made up their mind ten seconds after they step in the front door. They were already forming an opinion as they pulled into your driveway,” as said by Jan Van Horne of Coldwell Banker Burnet Realty in Eden Prairie, Minnesota. Resultantly, there is really not much room for faults.

Walk-ThroughThe first thing a home stager does is to assess the needs of the homeowner. Many times, the furnishings need to be rearranged and the houses need to be de-cluttered. Stagers use the homeowners own décor and advise the owners what to pack up and put away as storage. To show well, a home must be easy to navigate and free of personal mementos and pictures.

This is because, potential owners must be able to imagine themselves in the house and the personal items of the sellers can cloud that image. To that end, stagers take over, reorganize the furniture and eliminate any clutter that homeowners have trouble parting with in order to create a pleasant and appealing environment for prospective buyers.

FurnishMost of the times, stagers are called in after the homeowners have already moved, leaving a cold and empty home for sale. Prospective buyers have difficulty looking past the emptiness of the house to envision themselves living in that space. At the same time, flaws are more noticeable when rooms are empty.

DecorateA home stager may suggest more extensive work than mere shifting of furniture to make the house more attractive to prospects. They often recommend painting or adding shut-

ters or other window treatments to the rooms that are saturated with too much natural light. They either bring in employees to provide such services or give it out as a contract to local providers. In that case, home stagers usually keep a list of trusted contractors, including painters, carpenters, plumbers, landscapers and other home-service providers.

Complete PictureIt is a common practice that home stagers looks after the property until it’s sold. They tend to make regular visits to available homes in their care to clean or freshen the décor. The exterior also falls under the care of the home stager in many cases; which includes regular yard maintenance and cleaning.

Home stagers may be called on prior to an open house to make adjustments to the décor to accommodate larger groups of lookers. Home stagers also partici-pate in creating an online presence for sellers, taking pictures to place in online advertisements and creating virtual tours of the newly staged and decorated home.

Statistics- 81% of buyers find it “easier to visual-ize the property as their future home” when it staged. – National Association of Realtor. 2015 Profile of Home staging Report.

- Almost 28% of home buyers are willing to overlook the faults of the property when it is staged. - National Association of Realtor. 2015 Profile of Home staging Report.

Catch us on next issue we will be talking about “Getting Organized Before Staging your Home”

Website: www.eliteorganizers.com Email: [email protected]

Mobile: +255 682 969 890

WHAT IS HOME STAGING AND HOW DOES IT HELP SELL A HOUSE OR PROPERTY?

WATUMISHI HOUSING COMPANYMAGOMENI APARTMENTS

4th Floor, Golden Jubilee Towers, Ohio Street, Dar es salaam, Tanzania Phone: +255 222 922 211 Fax: +255 222 922 221

Ultra Modern 104 Apartments project in the heart of Magomeni, a fast rising residential and commercial area. Very conveniently located at Magomeni Mikumi with easy access to the Airport, City Centre, Kariakoo , Ubungo, Kinondoni and

the peninsular. It comprises of Spacious 2 & 3 bedrooms (One en-suite) apartments, Commercial floor (Retail), Underground ample parking space

AmenitiesElevators 24 hours security CCTV security Cameras

Standby Generators Reliable water supply

Price Starts at Tzs 67.80m

WHC Leading the way in Affordable HousingDr Fred Msemwa

CEO-WHC

Mwanza Kisesa Project

Geared to Deliver 50,000 Affordable Houses in Five

PhasesWatumishi Housing Company (WHC) is a public entity which was established two years ago. WHC's major functions include the provision of affordable homes and more specifically; to implement the public servant housing scheme a fund manage-ment. As a fund manager, WHC manages the first ever Real Estate Investment Trust (WHC-REIT) in East Africa. WHC-REIT is a collective investment scheme specifically geared towards investment in real estate development. Initial subscribers to WHC-REIT include the PSPF Pension Fund, NSSF, PPF Pension Fund, GEPF Retirement Fund, National Health Insurance Fund and National Housing Corporation.

WHC, therefore, is a special purpose vehicle that operates as a Real Estate Investment Trust where we have a pool of investors and it is these resources that we allocate in the development of affordable homes.

We also took on the responsibility to increase public awareness by imparting the knowledge on how they can get mortgage financing.

As a REIT (Real Estate Investment Trust), unlike other investment schemes, we mobilise savings from many small investors which are specifically allocated for the funding of investment on land and housing.

The establishment of REIT in Tanzania makes it only the fourth country in Africa after South Africa, Egypt and Nigeria that have a well developed REIT markets on the continent.

FundingGiven the level of awareness on this type of investment was low, WHC started with a few investors such as NSSF, GEPF, PPF, LAPF, PPF, PSPF, NHC and NHIF.

These investors took the lead in mobilis-ing own resources an initiative that allowed us to kick off smoothly.

This kind of arrangement shall exist for the first three years and there af-ter these investors may exit from WHC-REIT by selling their units at the Dar es Salaam Stock Exchange to the general public.

WHC’s main objective is to provide affordable housing even in the absence of a concrete definition of what an affordable house means.

However, through our research in the market in the context of Tanzania we found that, these houses should be at the level of the income of the buyers.

The research revealed that 70 percent of Tanzanians cannot afford a house if it is above Tzs 20 million which means that these houses should not exceed this amount if developers are to serve 70% of the market.

Even with these challenges, we are trying to match the price of the houses and the income of the targeted group.

Our ProjectsWe are currently working on eight projects countrywide; our first project was at Mkundi - Morogoro Housing Proj-ect with 40 units which is in the finishing stage, the Bunju B Mabwepande Housing Project with 201 units with the initial stage taking off with 71 .

The Gezaulole Residence with 800 units with 369 in the phase one, Magomeni Housing Project with 104 units which is also in progress.

We have also contracted a contractor for the Kibaha Housing Project which is earmarked for 750 units apart from this we also have the Pongwe City and Dodoma Housing Estates.

ChallengesAs mentioned earlier we have to match the prices with the earnings of the target customers yet the reality is that, the cost of construction cost and materials have kept on rising. In addition, although WHC has negotiated better mortgage finance terms with banks for public servants, the interest rates charged are still on the higher side when you take into account issues of affordability. A lasting solution to this obstacle lies in establishing a fund that will raise cheap financial resources and lend to mortgage borrowers at interest rates preferably lower than 10%.

Infrastructural challenges in the areas that we seek to develop such as electric-ity, water, roads which on ordinary terms should be catered for b y the utility companies.

This, unfortunately, reflects on the cost of the houses as we have to absorb these costs.

Housing ShortageTanzania is believed to have a shortage of about 2.5 million homes. According to the 2012 census, Tanzania has 9.3 million homes with each home accommodating 5.5 persons on average. Unfortunately, 3 million of these are made of mud and thatched by grass.

With two years of success, it is our belief that we shall in the coming five phases commencing from FY 2015/2016 we shall deliver by supplying houses to the market that matched the income level of an average Tanzanian.

In the meantime, we have to look at how to increase on our collaboration with stake-holders who have influence on what is pulling us down to manage the prices.

This means local authorities will be key in areas such as roads, and the prices of land, this in the process which will enable us to push the prices down and therefore attracting more buyers.


WHC Affordable Housing Projects# Project Name Region

Number of units

Investment Value-Tzs

Occupants Completion Date

1 Mkundi - Housing Project Morogoro 40 1,530,281,321 220 Mar-2016

2 Bunju B. Mabwepande Kinondoni 71 3,928,888,887 390 Mar-2016

3 Gezaulole Residence Kigamboni 369 21,784,730,470 2,030 Dec-2016

4 Njendegwa Dodoma 78 5,966,358,283 430 Dec-2016

5 Kisesa Isangijo Mwanza 58 3,884,723,725 3110 Mar-2016

6 Pongwe City Tanga 40 1,589,205,856 220 Dec-2016

7 Watumishi Magomeni Apartments Dar es Salaam 104 11,029,986,799 752 Dec-2016

8 USA-River Arusha 100 550 Jan-2017

9 DSM-Kinondoni Dar es Salaam 250 1,375 Jan-2017

10 Kibaha Pwani 40 220 Jan-2017

WHC Leading the way in Affordable Housing

WHC

Mwanza Kisesa Project

Gezaulole Residence

Mkundi Morogoro Project

Bunju B Mabwepande Project

2 Bed Rooms 60 SQM, 3 Bed Rooms 85 SQM 3 Bed Rooms 115 SQM

Price starts at Tzs 57.63m

2 Bed Rooms 60 SQM, 3 Bed Rooms 85 SQM 3 Bed Rooms 115 SQM


Detached Houses 3 Bed Rooms 85 SQM, 3 Bed Rooms 115 SQM

Apartments1 Bed Rooms 36 SQM2 Bed Rooms 56 SQM3 Bed Rooms 85 SQM3 Bed Rooms 90 SQM

2 Bed Rooms 61 SQM, 3 Bed Rooms 85 SQM3 Bed Rooms 115 SQM




PSPF – PLAYING BIG ROLE IN REAL ESTATE INDUSTRY GROWTH

The PSPF Towers is a high rise building that is 152 feet above sea level. It is a 35 storey ultra-modern building and among the tallest buildings in East and Central Africa. Boasts itself with two identical towers; one offering 88 modern designed apartments for resi-dential uses plus commercial space and the second one is 100% commercial.

The total commercial space is 38,000 square metres with 200 parking spaces.

The building represents a fantastic opportunity to raise the profile of Tanzanian

PSPF Towers

P ublic Service Pensions Fund (PSPF) was established under the Public Service Retirement Benefits Act No. 2 of 1999. It is a contributory pension scheme covering

employees from all sectors and it covers both compulsory and supplementary contributing members.

As part of its strategic growth, it identified Real Estate industry as one of the safest areas to invest its members’ contributions for further income generation while offering them houses at affordable prices.

PSPF started investing in real estate in 2005 and as at now, it has invested in more than 681 buildings both commercial and residential.

This includes 676 single storey residential buildings and 5 multi-storey buildings.

PSPF Jacaranda HousePSPF Jacaranda House is an architectural material with a unique combination of strength and versatility. It exhibits a rich variety of colors, while performing an array of structural and decorative roles.

This property is located in Arusha City Centre along Jacaranda Street. It is an elegant four storey building that serves as both residential and commercial purposes. It offers 500 square meters for commercial use. It is the home of Fund’s regional office and other businesses. Commercial space available for rent

PSPF Dodoma Plaza

PSPF Plaza

It is a modern twelve storey commercial building in the heart of Dodoma on plot No.

2 & 4 NCC link. It is currently under construction and estimated to be completed by June 2017.

Once completed, the PSPF Dodoma plaza will be an impressive landmark in Dodoma.

design and add another chapter to its long lineage. The potential of the building is reached and it retains native culture of Tanzania, rather than overwritten. The project itself looks hugely ambitious, but also very realistic.

In this sense, it is a progressive piece, one that hints at the future of Dar es Salaam as growing city. And for this reason alone this project was and will always be absolutely vital.

Visually, the sinuous sweeps and angular

landscape create an interesting and dynamic language.

Aesthetically pleasing, it provokes a sense of pride and joy from the occupants, and envious glances from its neighbors.

This property is located at the junction of Sokoine Drive and Mission Street in Dar es Salaam.

Apartments and commercial spaces are available for sale.


PSPF Kaloleni flats are a non-descript three storey with modern thirteen residential apartments located on the narrow offshoots of Kaloleni in Arusha City Centre.

Wrapped in a sleek, sculptural, and amaz-ing new skin, the flats new transformation by the architects will create a larger, more comfortable, and better-performing building, from the actual built fabric of that preexisting jumble.

The apartments are currently under renovation with a plan to be completed and ready for occupation in March 2016.

PSPF – PLAYING BIG ROLE IN REAL ESTATE INDUSTRY GROWTH

The Golden Jubilee Towers succeeded in fulfilling one of

the most important elements of what can be rationalized as good architecture.

It is new and conveniently lo-cated commercial building along Ohio Street in Dar es Salaam. It

is a twenty four storey high rise building offering modern office space in the city centre with ample parking space. Other facilities include restaurants and functions halls.

It contains the PSPF head of-fice and also accommodates lo-

cal, embassy and multinational corporations such as banks, law firms, government institutions and restaurants. Thus, it is 97% occupied.

It was completed in December 2011 and operation commenced in January 2012.

So far the Fund has constructed 666 low cost residential houses in several regions of Tanzania mainland. Among them are Morogoro (25), Dar es Salaam (491), Iringa (25), Shinyanga (50), Tabora (25) and Mtwara (50).

Most of the projects are completed and houses are available for sale or rent at very affordable prices.

PSPF Plaza

One of the few beautiful and conveniently located buildings along Nyerere road in Dar es Salaam.

Boasting as a three storey high bulding, the plaza offers approximately 12,000 square meters for commercial uses including show rooms and corporate offices.

It was procured in 2005 and has been one of the Fund revenue sources.

Challenges The challenges which the Fund face in the construction industry is escalation of the materials purchase cost due to the change of the value of local currency. Selling of the properties/houses is also affected by inclusion of the tax in the selling price. This affects the Fund due to the fact that the materials are purchased with VAT and also the product/house sold with VAT (Double taxation).

Near future projectionsThe Fund is continuously carrying out studies and research to determine projects which will best fit the public. The public should

expect more real estate and infrastructure investments which will benefit the public through employment and use of the facilities at affordable cost.

Long term plan

The Fund plans to extend its investments in real estate and infrastruc-ture to the peripherals (Rural areas). This will increase social security awareness to the public and not only improve the wellbeing of the public but also enable them to build habit of saving for their old age benefits.

PUBLIC SERVICE PENSIONS FUNDGolden Jubilee Towers - Wing A, Floor no 6-11 & 13, Ohio Street, 11101 Kivukoni, P.O. Box 4843, Dar es Salaam- Tanzania

Phone: +255 22 2120912/52 / +255 22 2127375/76 Fax: +255 22 2120930, Customer Service: +255 (0) 800110055/ 0800 780 060Email: [email protected] Website: www.pspf-tz.org.

www.facebook.com/PSPFTanzania @PSPF_Tanzania

PSPF Kaloleni flats

Golden Jubilee Towers

Low Cost Residential Houses

33Prime Location - Home of PropertiesSPECIAL EDITION SPECIAL EDITION Office Space ApartmentsHouses LandH Ao

As property owners in Tanzania, we are always looking for the best way to secure ourselves, our

loved ones, and our assets.

Safety & Security Centre is a turn key solutions provider specialised in keeping people safe by supplying high quality tested and approved products to the market, at an affordable price.

Their clientele include Govern-ment Agencies, Construction companies, Corporates, Develop-ers, Banks and other business and service providers within Tanzania. The solutions offered are tailored to fit a variety of needs and requirements from individual’s homes, to multi storey corporate offices and having operated in the UK for the last 15 years in the same line of business, Safety and Security Centre is best placed to help in securing your property.

High Security Doors - Made in ItalyYou may have seen these Security doors atyour local bank branch, but they would be easily missed, as the strength and force of these steel doors arehidden behind a beautiful wooden facia. Behind the wooden panel is hiden a state of the art construction of steel reinforce-ments and sophisticated locking mechanisms to prevent attack.

The frame is made of powder coated steel with heavy duty hinges which have the capacity to bear a load of more than 150kg.

Combine this with restricted access keys, sound and heat insulation and a choice of designs in stock, and you have the best value solution in the market.

Do You Feel Safe in Your Home?

Maxidor Security Grilles - Made in South Africa

Why settle for traditional security bars when planning your dream home? High Security Grilles that retract away when you aren't using them can add a unique aspect to your property, without leaving you feeling like you are in jail, but keep you safe at the same time.

However, even the strongest grille isn't worth much if it isn't fixed to the door frame properly.

Our extensive experience in this field gives us the edge when trying to combine security with aesthetics.

Try Maxidor Grilles made in South Africa and get a peace of mind, with a view.


ELEGANT ESTATE LTD is a Tanzanian based company incorporated in 2010 as a real estate developer into commer-

cial properties ranging from warehouses, retail outlets, apartments & office blocks. The company's line of business is to acquire land and semi-finished projects and develop them for rental or selling.

One project recently completed is the ELEGANT HOUSE located on 28a Kipawa Industrial area along Nyerere Road, with a close proximity of the Mwalimu Julius Nyerere International Airport. It is stra-tegically and conveniently located along the highway for easy access as well as visibility of the road from both directions.

The property is a glamorous commercial complex. It is indeed an elegant three story high building with an ideal open-spaced ground floor that can be used as a showroom, a fast-food joint, a banking hall or a retail outlet. The remaining floors are brilliantly designed to give a magnificent view on all sides of the building and can be used as offices.

Floor Size Sq.

Ground 425

First 420

Second 420

Third 420

TOTAL 1,685

Behind the ELEGANT HOUSE is a 5 unit modern warehouse comprising of; two units of which are 624sqm each and the other three units are 432sqm each, making the total space for the warehouse to 2,544sqm.

We have collaborated with other asso-ciated companies to undertake projects such as a four residential apartments in Masaki, a rental space at Uhuru Height, procurement of a land in Bagamoyo and an Mtwara project.

The company is now exploring further opportunities of merging with ventures related to readymade projects such as infrastructure development in sectors of tourism, aviation, industries and others by developing facilities that will comple-ment existing or upcoming services.

ELEGANT HOUSE

ELEGANT ESTATE LTD“The Real Estate industry growth requires professional and dedicated real estate developers and investors and that is what we are all about”. Said Mr. Divecha, Elegant Real Estate CEO.

Mobile: +255 769 593, +255 765 567 479 Phone: +255 22 2128106 Fax +255 22 2128108 Email : [email protected]


ELEGANT ESTATE LTD

OFFICE & SHOWROOM SPACE FOR RENT

LOCATED ON 28A KIPAWA INDUSTRIAL AREA - NYERERE ROAD

Ground floor: 425 sqm -Ideal for Showroom, Bank & RestaurantFirst-Third floor: 400sqm per floor -Ideal for office use

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

Mobile: +255 769 593, +255 765 567 479 Phone: +255 22 2128106 Fax +255 22 2128108 Email : [email protected]

37Prime Location - Home of PropertiesSPECIAL EDITION SPECIAL EDITION Office Space ApartmentsHouses LandH Ao

Recently, Bagamoyo has and continues to change remarkably. As a result of this, it is everyone’s wish and dream to be part of the tremendous growth in Bagamoyo.

The clamor and allure of getting a piece of land in Bagamoyo is ne-cessitated with the harsh reality that the Dar es Salaam’s Central Business District (CBD) is getting more and more suffocated by the day.

Nowadays, traffic jams have become a common event in Dar es Salaam; an experience that costs the govern-ment billions of shillings a day. It is simply not easy for one to get to CBD

where most offices and social services are available.

It is for this reason that, Apex Hous-ing Development Company, a reputable developer in the country, is developing a new satellite city in the outskirts of Dar es Salaam on the way toBagamoyo. It is located 38kms from Dar es Salaam and 20 km from the township of Bagamoyo.

Dubbed as Mapinga Satellite City, we will provide a new suburb way of life as well as a planned community, located on the outskirts of

Dar es Salaam approximately 2km from main road from Kerege and a stone throw from the Indian ocean; easily accessible via dual carriage way. In addition, residents at Mapinga city will have no trouble of travelling to ar-eas like Arusha, Moshi and Tanga.

Also, New Msata road is a convenient connection point in relation to the northern part of Tanzania. To add on, the satellite city, developed on an 800 acres site, is being implemented under the public-private partnership as a brainchild of Apex Housing Development.

Prior to this, in 2011, a JV partnership was signed with state owned Unit Trust of Tanzania-Projects and Infrastructure Development Plc (UTT-PID) of which 30% has already been delivered to the market.

The Mapinga Satellite City comprises over 1000 surveyed plots ranging from residential, commercial and light industry plots with social amenities such as football pitches, hospitals, schools, religious sites and shopping malls. Furthermore, infrastructure is provided in phases for utilities such water, electricity installations and access to gravel roads. This implemen-tation is coordinated by the state-owned institution in collabora-tion with a local private company called APEX Housing Development Limited.

The new Satellite town is located 30km from Mwenge along new Baga-moyo road with hundreds of serviced plots for residential, commercial and trade purpose ready for sale. The development is being installed with

electricity, water and roads facilities in phases. All necessary approvals from relevant authorities under the guidance from ministry of lands and TIC (Tanzania Investment Centre) have been granted.

Apex is providing turnkey housing solutions to buyers ranging from design to construction completion as per the clients’ selection and prefer-ence. Being in partnership with UTT PID, current and future clients are guaranteed of modern facilities for peaceful surroundings and easy reach to the beautiful coastline.

Also, alliances with various banks have created a platform for buyers to have the opportunity to have the requisite knowledge and access to competitive interest rate on loans and their con-venient times of fluctuation.

Apex is currently collaborating with Impact Afya, Tanzania Postal bank and some Consultancy firms to deliver oth-er projects in the city.

We would like to invite other stakeholders such as supermarkets, hotels, mega shopping mall to invest in the scheme and enjoy lower cost of investments and other incentives coupled with enjoying the prox-imity advantage to Dar es Salaam.

Apart from the Mapinga project, we are currently located in Kibaha with a housing development project for the local community at affordable prices. We are also exploring rental market for housing development in Kigamboni which includes a mega and magnificent super market project.

HAPPY LIFE. HAPPY COMMUNITY. MAPINGA SATELLITE CITY-BAGAMOYOA couple of years back; no one fancied the idea of buying a house or getting a plot in Bagamoyo. The reason was simple; the coastal town was nothing but a vast land dotted with some pre-colonial structures that brought back painful memories of slavery and slave trade to Tanzanians.

The Mapinga Satellite City

comprises over 1000 surveyed plots

ranging from residential,

commercial and light industry plots with

social amenities such as football pitches, hospitals, schools, religious sites and shopping malls.

Project


HAPPY LIFE. HAPPY COMMUNITY. MAPINGA SATELLITE CITY-BAGAMOYO

SPECIAL EDITION

Tanzania Mortgage Refinancing Company

Acquisition of a descent home remains as one of the main challenges for most Tanzanians with myriad of obstacles ranging from rapid urbanization, infra-structure shortcomings, provision of long term finance, supply of affordable housing to title registration.

As these challenges rare their ugly heads, there seems to be a light at the end of the tunnel as the government actively stepped in to tackle the housing shortfall by creating an enabling environment.In March 2010, the Government signed a Credit Agreement with the International Development Association (IDA) for the Housing Finance Project (HFP) and man-dated Bank of Tanzania as the project’s implementing entity.

The HFP initially received $ 40 million for a 5-year-project with the objective of expanding access to affordable housing finance under market-based conditions for the purchase, construction or improvement of housing.

And with such the Tanzania Mortgage Refinance Company Limited (TMRC) was born to provide long term liquidity to mortgage lenders to finance purchase, construction and renovation of homes.

When the project’s initial tenure ended in 31st March 2015 it was further extend-ed for an additional three years to 31st March2018 with an additional credit of $60 million provided to fill a financing gap of mortgages in Tanzania. The mortgagemarket in Tanzania has grown rapidly in recent years both in the number of loans and balances outstanding making it one of the fastest growing in the region.

Growth

Though the market started at a low base, a consistent growth at an annual rate of over 40 percent has been recorded of recent years. Data collected by Bank of Tanzania indicates that total mortgage lending by the banking sector has increased from Sh69.6 billion as at 30th September 2011 to Sh356.6 billion by 30th September 2015 recording a growth of 413 per cent over the four year period with the total number of loans growing from 590 as at 30th September 2011 to 5,289 as at 30th September 2015.

The ratio of outstanding mortgage debt to Gross Domestic Product (GDP) has also grown from 0.20 percent to 0.45 percent during the period between September 2011 and September 2015.

Annual growth rates of 46 per cent and 59 percent on mortgage lending by the banking sector were recorded in 2013 and

2014 whereas a 76 per cent growth rate was recorded in the 12 month period between 30th September 2014 and 30th September 2015.

Having kicked off with only three banks in 2010, by the end of 2015, 22 banks were offering mortgage loans with 12 having signed a partnership agreement with TMRC. More banks are set to join in 2016. Apart from the banks other non-banking mortgage institutions such as Mortgage which is supported by IFC investment in partnership with Bank M Tanzania Limited, HFDC India are set to enter the market.

The mortgage market is currently dominated by three large lenders who among them command over half of the mortgage business in the market. With new entrants launching products plus growing competition it is likely that other Tanza-nian financial institutions will consider making their presence felt in this sector.

The continuing projects by National Housing Corporation (NHC) through its 2010-2015 strategic plan focusing on high, medium and low income earners have continued to have a positive impact on the mortgage market.

Likewise, implementation of the Civil Ser-vants Housing Scheme by Watumishi Hous-ing Company (WHC) is in progress with the


first phase being focused on construction of houses in the administrative regions of Dar es Salaam, Coast, Tanga, Arusha, Mwanza, Shinyanga, Mtwara, Lindi, Tabora, Dodoma, Morogoro, Kilimanjaro, Ruvuma and Mbeya.

ChallengesDemand for housing and housing loans re-mains extremely high but is constrained by inadequate supply of affordable housing and high interest rates charged by banks.

The current housing deficit in Tanzania is estimated at three million housing units with 200,000 units annual demand. Most lenders offer loans for home purchase and equity release while a few offer loans for self-construction which for the most part continue to be expensive beyond the reach of the average Tanzanian.

The good news

Currently TMRC has 14 shareholders and member banks which include NMB, CRDB, NBC, TIB, Azania Bank, Exim Bank, BOA, DCB, BancABC, NIC Bank, PBZ, I&M Bank, NHC and Shelter Afrique.

These shareholders have contributed a to-tal paid up capital of Sh17.37 billion; these banks received a total of sum of Sh43.9 billion towards the end of 2015. Even with the challenges of a nascent industry TMRC broke even in its 3rd year of operations by making a marginal profit and continued to operate profitably in 2015.

TMRC successfully advocated for the change of Risk Weighted Capital from 100 percent to 50 percent, the company has also been a key promoter of the revised

Banking and Financial Institutions (Mort-gage Finance) regulations of 2015.

TMRC lobbied to ensure that funds bor-rowed from TMRC are excluded from the calculation of loan to deposit ratio by BOT.

TMRC has secured additional $40 million in funding from the World Bank as the in-stitution is getting close to exhausting the initial funding of $30 million.

These efforts have left a great impact on the industry as the mortgage market has continued to steadily grow, recording an annual growth rate of 59 per cent in 2014 compared to 46 per cent in 2013.

By 30th September 2015 TMRC lending to its member banks constituted 12 per cent of the total outstanding mortgage debt.

Mortgage Market Share - Top Eight Lenders as at 30th September 2015


Ordinary Home Loan

Offers the outright purchase of the existing residential property. It is accompanied with the followingbenefits.

Flexible repayment period of up to 20 years.Up to 80% financing.Available for joint incomes or other sources of income.

Minimum qualification requirements

Minimum net salary of TZS 2,000,000. Valid documents in relation to source of income especially on joint income or other sources of income.

Equity Release

This is for people with ownership rights to properties (homes) be it one or more. It helps to tap into the property value to get a loan in terms of cash. It comes along with the following benefits.

Borrowing right up to 80% cash of the property value.

The borrower has the right to use the cash for whatever he/she

wants whether to start a busi-ness, purchase another property or even renovate the existing property.

Minimum qualification requirements

Property ownership with title deed on client’s name.Proof of income

Mortgage product features and benefits

Caters to all professionals, salary earners and self-employed indi-viduals, expatriates or Tanzanians in diaspora.Dedicated mortgage center for convenient and quick processing.Up to 80% financing with flexible repayment periods of up to 20 years.Quick turnaround time of 72 hours.Competitive variable interest rates linked to the bank’s base rate.Spectacular flexibility in terms of reduction of the loan along with low facility fees.

Easy and convenient ways to search and get a dream home to buy through our partner agents and developersTrouble-free processing with the support of our partner professional lawyers and property valuers.

Required Documents

Authentic proof of income.A copy of employment contract for expatriates.Original ID/Passport and proof of residence (utility bill).12-months bank statement certi-fied copy for non Stanbic bank customers.A letter of reference from the employer, existing customer of the bank, or other credible referees.

For self-employed:

Certificate of Registration andIncorporation,2 year financial statement if it is Limited Liability Company.

Certified proof of business operation

Stanbic Bank

HOME LOANSA house is more than just an investment – It’s a place to call home and create memories. We have simplified the process of buying or improving your home by developing home loan solutions that make house hunting and buying easier. With a home loan from us, you will be seen as a cash buyer by estate agents and sellers.

for 3 years.

anzania’s population is one of the fastest growing on the continent, only rivaled by that of DR Congo and Nigeria which stand at annual growth of 3.7 and 6.7 million respectively.

With an annual population growth which is estimated at 2.9 million, the challenges of housing posses as a potential threat to urban and rural development in Tanzania.

Tanzania currently has a total of 9.3 million houses according to the 2012 census which brings current housing shortage in Tanzania is at 3,000,000 units with an annual increment of about 200,000 new demands. Tanzania’s housing backlog is the fourth on the continent where Nigeria ranks highest with 18 million followed by DR Congo with 4 million, then Egypt at 3.5 million in that descending order.

According to experts in real estate, the number of available houses includes the over 3 million substandard houses that are mud-walled and grass thatched.

For Tanzania to meet the current demands, something drastic has to be done to clear the grass thatched houses in the countryside; which at the moment stands at about one third of the total existing houses in the country. The situation is worsened by the fact that, the rate of construction does not meet the annual rising demand of homes in Tanzania and Africa in general.

According to a research conducted by Betoniq, without replacing existing houses that are

sub-standard, 10.6 Million houses have to be built in Africa annually to keep up with housing demands of the continent.

The current housing deficit in Africa is estimated at 64 Million houses, combined with an explosive population growth of 3.2 Billion people in the next 85 years requires a massive housing effort. However, even as developers make an effort towards narrowing this gap there are some glaring challenges that seems to stall the progress in solving this crisis.

Funding of major housing projects have been left in the hands of mainly private developers who are also faced with a myriad of shortcomings including taxation which in return makes the houses out of reach for the common citizenry.

Even with the introduction of mortgage financing in Tanzania through Tanzania Mortgage Refinanc-ing Company (TMRC) most citizens are still ignorant of the availability of such funding to enable them acquire such funds.

Most lenders offer loans for home purchase and equity release while a few offer loans for self-con-struction which for the most part continue to be expensive beyond the reach of the average Tanzanian.

The poor infrastructure, the ever rising prices of construction materials and huge compensations for the land in the areas where developers seek to invest is another challenge which in the long run pushes up house prices.

TANZANIA AMONG COUNTRIES WITH HUGE HOUSING DEFICIT

By Staff Reporter

T

The current housing deficit

in Africa is estimated

at 64 million houses.


In a fast growing economy at an average of 6.3% as of 2015, the Tanzanian real estate sector has been flourishing with a great

demand of affordable housing. This great demand is greatly driven by the fast growing population in Tanzania which is estimated at t53.43 million.

The Tanzanian government has been in the forefront to meet the demand of affordable housing in partner-ing with other institutions , such as, TMRC, NHC, the World Bank, commer-cial banks all these have contributed to the growth of 228% of Mortgage loans in Tanzania in 2014 - 2015. Mortgage lenders increase from 3 in 2009 to 21 in 2015.

But, what is certain is that, people are moving in cities and into smaller counterparts across the country and not into brand new flats with recent acquired mortgages.

Taking Dar es Salaam for example, Tanzania’s largest city and the economic capital densely populated with more than half of its people living in semi- standard houses.

By 2030, Dar es Salaam, Johannesburg and Luanda will have joined Kinshasa and Lagos as Megacities each with more than 10 million people, where are all these good citizens of Tanzania going to live?

BANK OF AFRICA- TANZANIA offers home finance product which is primarily a long term facility designed to enable people to acquire structured loans that will enable individuals to own, improve or release equity investments on your new or existing home.

Since the launch of home finance in October 2011, BANK OF AFRICA- TANZA-NIA, has been able to grow its mort-

HOME FINANCE IS UNIQUE

“The time is now to own a home and live the dream; don’t wait till you are old to own a home, own it while

you’re still young, BANK OF AFRICA- TANZANIA Home

Finance “helping you plan your dreams.”

Ammishaddai Owusu-AmoahCEO

gage book to over TZS 6 billion. This product will help in meeting the current demand for housing in Tan-zania which is estimated at 200,000 houses annually and a total shortage

of 3 million houses as explained by Nehemiah Kyando Mchechu, Director General of Tanzania’s National Hous-ing Corporation (Tanzania Real Estate sector repot, 9th Dec 2015).

Slowly, people are recognizing the importance of property ownership and the role that banks play in helping individuals own their own homes. People are slowly changing their mindsets with regards to mortgage loans, indeed other bank loans for that matter as well. With the increase of affordable housing, an increasing number of lower and middle income earners will be able to benefit from mortgage loans.

BANK OF AFRICA- TANZANIA Home finance is unique. One of the most important features is that, people can acquire the loan jointly.

All of our loans offered are insured and people who acquire these loans can still own their houses even after experiencing permanent disability from accidents and the like experi-ence, the insurance company will take over the debt instead and the insured person will still keep the house, this insurance also covers death where by the ones to inherit the property will be given full ownership of the house left.

The Bank plans on increasing its budget in lending to the real estate industry and also aims at improving its product features so as to enable individuals to qualify for these loans.

The time is now to own a home and live the dream; don’t wait till you are old to own a home, own it while you’re still young, BANK OF AFRICA- TANZANIA Home Finance “helping you plan your dreams”.

BANK OF AFRICA


Home Purchase Loan The product will seek to offer provides home purchase loan to assist individuals and companies to purchase residential properties for their own use, rental or the use of their employees or for other purposes.

Home Equity LoanThe product will seek to offer provides home equity loan to enable applicants who may have already invested in residential/commercial properties to release their investments in those properties so as to improve their liquidity position.

Home Improvement Loan The product will seek to offer provides home improvement loan to assist applicants with financing to undertake renovation and or extension works on their existing houses. Existing homeowners and companies that need improvements done on their properties can apply.

Features:The mortgage facility is offered to employees of private, public sectors and self employed Tanzanians.Borrowers must be Tanzanians /foreigners with Tanzanian spouses or children.

0

0

Home Finance......Helping you plan your dreamsHome Finance Products

This is primarily a long term facility designed to enable you to acquire structured loans that will help you own and improve, com-plete or release equity investments on your next/ existing home. Types Of Home Finance

The facility is provided in both Tanzania and US Dollars. Loan amount is up to 500 million. Repayment period of the facility is up to 25 years.Borrower must be between 21 and 60 years of age where by the tenor does not exceed the retirement age. Exceptions will be considered for professionals, joint borrowers or individuals earning verifiable passive income. Borrowers must have verifiable employment and income.

Requirements:

Completed Application FormBank statements for the last 12 months Most recent six (6) month salary slips Evidence of minimum 10% commitment for purchase ofproperty (through bank statement, cash, deposit slip) Employment contract Offer Letter from vendor accompanied by a copy of the title deed. Valuation report from a valuer recommended by BOA

Wealth creation through home ownership Property appreciation in value Affordable mortgage repayment Easy flexible installment payments that will fit customers’ cash flow Flexible payment periods No additional security required (other than the minimum 20% margin and the proper

Benefits:

0000

0

0

0000

000

0000

00

SPECIAL EDITION

HOME OWNERSHIP PARTNERS

TENANT Eviction and Procedure in Tanzania

Tenant is a person who occupies land or property rented from a landlord, and on that basis of occupation, there must be an instrument which govern that relations. That instrument under the law it’s called a contract/ agreement, but as the matter of being specific we all know them as lease agreement.

Lease is a contractual agreement by which one party conveys an estate in property to another party for a limited period, subject to various condi-

tions, in exchange for something of value, but still retains ownership.

A lease contract can involve any property that is not illegal to own commonly includes agreements for leasing real estate and apart-ments, manufacturing and farming equipment, etc. Leases are governed by statutes and byCommon Law, or precedential cases. Most leases are subject to state laws.

Generally, a lease may be writ-ten or oral, but a lease for certain types of property must be in writ-

ing and signed by both parties. For example, if a lessee seeks to lease real property (land or buildings) for more than one year, the lease must be in writing and recorded in a registry of deeds.

And all lease agreement have express written covenants and implied written covenants, for example in Tanzania, the Land Act no. 4 of 1999 on Part nine, subpart two provides for all implied covenants under the lease agreement, that means whatever has been agreed between the landlord and the tenants still there are the terms which cannot go against those implied conditions, unless those terms aimed to improve and provide more favor than what has been provided by the law. Practically, under the common

law, a court may void an unconscio-nable lease term.

A lease is unconscionable if it unduly favors one party over the other. For example, assume that, a small - business owner leases property for 30 years in order to operate a gas station. The lease contains a clause stating that, the lessor may revoke the agreement without cause and without notice. If the lessee performs his obligations under the lease, but the lessor revokes the lease without notice, the clause allowing termination without notice may be found to be unconscionable.

A determination of unconsciona-bility must be made by the court based on the facts of the case. The fact finder may consider factors such as the relative bargaining power of the parties, other terms in the lease, the purpose of the lease, and the po-tential loss to either party as a result of the terms of that lease agreement.

As I have mentioned from the beginning the relationship between the landlord and the tenants is governed by the instrument called a contract/ agreement and specifi-cally lease agreement and, based on that, the relationship can’t be ended just on jealous, hate, anger etc., in short the land lord cannot evict a tenant simply because he/she doesn’t like tenant.

By Walter Godluck.


A landlord, can evict a tenant before the lease or rental agree-ment ends, but he must have legal cause to do so. Eviction procedures vary from state to state, but every state allows the land lord to evict a tenant who fails to pay rent, who has violated terms of the lease or who has committed an illegal act (such as dealing drugs) on the premises of the rental unit. The reason for the eviction will determine the steps need to be taken.

There is a procedure for eviction and every state has slightly different rules and procedures regarding evictions, but the overall idea is the same in each state but under the common laws.

The common principles requires the landlord to give notice to the tenant before filing the eviction lawsuit, although the length of notice required may vary depending on the reason for the eviction and the agreement which have been entered between the parties involved. Also, the notice period should be reasonable enough to enable the tenants decide if he/she intends to search, relocate to another property or stay in the same property.

For instance, in Tanzania, for those rent defaulters or for those who have violated the terms of the lease or rental agreement, landlord must give the tenant not less than thirty days’ notice to pay the rent, for them to move out of the apartment before taking another measures which includes filing the eviction lawsuit. But important thing here is the notice. The notice must be delivered reasonably by the landlord for the matter to stand valid in court, eviction can never be done without it.

And according to our laws, notice aims to allow the tenant to come into compliance with the lease or rental agreement by either paying rent or stopping errant behavior. If the tenant complies, then eviction cannot be done. However, some-times depends with the kind of defaults made by the tenants, and it doesn’t matter if the tenant fixes the problem, landlord can still file the eviction lawsuit at the end of the notice period.

After the expiry of the notice period, then the landlord can file the initial paperwork to begin the eviction lawsuit, and still through the common law principle of right to be heard, the tenant will have an opportunity to respond to the claim raised by the landlord and the court will set a date for a hearing of the matter. At the hearing or trial, both landlord and the tenant will get an opportunity to talk to the court and present any evidence they may have. The tenant may have a defense against the eviction, in which case, the court could rule in the tenant’s favor. If that happens, then the landlord will just have to wait until the end of the lease or rental agreement to ask the tenant to move.

But if the landlord wins the eviction lawsuit, then the court will ask the tenant to move out of the rental unit by a certain date. If the tenant does not move, then the court will issue an order that gives the landlord the authority to use the

court brokers to remove the tenant by force on or after a certain date.

As it can be seen on this short article since the beginning where I talk about the legal relationship that exist between the landlord and the tenant, importance of giving notice, the court process, all of these aim to emphasize one point i.e. illegal evictions is not allowed nor entertained in the today world we are living in,landlords must follow the laws and rules set forth by the state when evicting a tenant. The eviction shall only occur after landlord have won an eviction lawsuit against the tenant, and the only person autho-rized to actually remove the tenant from the rental unit at that point by force will be the court broker.

Most if not all common law countries have made it illegal for landlord to force the tenant to move out through any other means, such as changing the locks on the doors or shutting off the utilities to the rental unit and, if the landlord try that illegal procedure, the ten-ant can sue the landlord and, the landlord could end up owing the tenant enough money for damages which includes but not limited to loss of earnings, privacy disruption, financial losses, family instabilities injury of reputations, loss of goods and items etc.

Your attorney can guide you further on this.

About the Author-He is a practicing advocate specializing on Labor laws and Real Estate, a writer and the member of the Tanganyika Law Society (society for practiacing advocates in The United Republic in Tanzania).

Private Practitioner and Managing partner of Century Attorneys,specilizedon labor laws and Real estate.Mobile:0787004905 E:[email protected]


About UsPrime Location is a Tanzanian Real Estate company with a pro-fessional and committed team offering a complete portfolio of real estate services ranging from residential to commercial.

We have villas and apartment in all parts of Dar es Salaam and other key cities in Tanzania for every budget, for leasing or for sale. They range from single, couple to family sizes.

Our multi-faceted team of consultants and agents will match your needs to your dream home.

Our ServicesSales and leasing of commercial and residential properties.

Property management investments sales and acquisitions.

Projects-sales & marketing research and valuation.

Mortgage advice and facilitation consultancy.

Land and property rent payment facilitation.

Relocation of title deedsprocessing.

Mikocheni, Plot # 34/495, Along Mwai Kibaki Road, Near TMJ Hospital. Dar es salaam, TanzaniaTel: +255 767 711120 / +255 222 772494, Email: [email protected] , [email protected]

Properties Sales and MarketingWe also offer the best and premier advertising platforms for

quick sale and rent of properties. • Prime Location-Home of Properties magazine • Prime Advertising magazine

• Digital marketing-Bulk Emails and Bulk SMS

Our advertising platforms have helped property developers, property investors, property sellers and landlords to market and get

quality clients within short time.

We’re the Home of Properties

Our VisionTo become a leading property develop-er and management company in East Africa.

Our MissionTo provide individuals, families, busi-ness, investors and developers with real estate complete solution in Tan-zania.

WE KNOW WHAT YOU’RE LOOKING

FOR;

It’s those little things that make a house

a home.

Tanzania

PROPERTY SHOPTel: +255767711120 Email: [email protected]

HOME of PROPERTIESTanzania

APPLY FOR A HOME LOAN

TODAY

Bringing together

To sponsor or participate, please contact us +255 789 711 120 or [email protected]

COMING SOON!!!I Property Investors I Property Sellers I Property buyers I Property investment and Buying financing institutions

I Other stakeholders”

PROPERTY INVESTORS & HOME BUYERS SHOW

for serious buyers and sellers

We’re the Home of Properties

APPLY FOR A HOME LOAN

TODAY

NIKUZE CLEANING & GARDENING SERVICES

ABOUT NIKUZE REAL ESTATE AGENCY

NIKUZE REAL ESTATE AGENCY is a subsidiary company of NIKUZE GROUP OF COMPANIES LTD founded in July 2010 to provide well managed professional Real Estate Agency and allied services in Dar es Salaam and other Region Capitals.

NIKUZE REAL ESTATE AGENCY

OUR VISION OUR MISSION OUR VALUE

To be the Real Estate Agency of choice in the market we serve. We do not wish to be the biggest, just the best as judged by our clients.

To offer most convenient, reliable and outstanding Real Estate Services standards to clients we serve.

We are completely truthful with ourselves and with others. We are sincere and acknowledge our errors. We are direct and transparent on our dealings with everyone.

WHY ARE WE UNIQUE?So what's unique about NIKUZE REAL ESTATE AGENCY!

Cost Saving

0 We offer outstanding real estate services at very competitive commissions. We ensure that, you will get an effective and reliable service. Our Services are free of charge for buyers and tenants.

Professionally trained

0 We are professional, reliable and nice people to deal with! Call us and see why our clients are happy clients.

Our Guarantee

0 We don't claim to be the best Real Estate Agency, our clients do!

OUR SERVICES:

I. NIKUZE PROPERTY BUYING/SELLINGDo you want to BUY/SELL a Surveyed Plot of Land, House or an Apartment? Please let NIKUZE REAL ESTATE AGEN-CY assist you to meet your dreams! NIKUZE will also be ready to connect the client with all the necessary techni-cal trades’ people who are required in different stages of the buying/selling process such as lawyers, surveyors and

other professionals.

II. NIKUZE PROPERTY TO RENTIf you are looking to rent a property for your business or you are renting a property you own for someone to stay, then we can certainly assist. Remember without the proper research and expertise, finding the perfect home or the right tenant to rent your property can be discouraging task.

III. NIKUZE PROPERTY MANAGEMENTHow you manage your property today has a great impact on its value tomorrow! NIKUZE manages residential, office and retail properties. As a Management Company, we focus on each building financial activities mend problems with shareholders and tenants and improve all aspects of the building.

we do it for you, we do it well

We are always happy to talk to potential clients, please feel free to contact us to help with all real

estate services. Tel: +255 715/754/789 363800

Email: [email protected] Nikuze Real Estate

NIKUZE CLEANING & GARDENING SERVICES

OUR VISIONTo be the Cleaning & Gardening Company of choice in the market we serve. We do not wish to be the biggest, just the best as judged by our clients.

OUR MISSIONTo offer most convenient, reliable and outstanding services standards to clients we serve.

OUR VALUEWe are completely trustworthy with ourselves and others. We are sincere and acknowledge our errors. We are direct and transparent on our dealingswith everyone.

NIKUZE is a Subsidiary Company of NIKUZE Group of Companies founded in July 2010 to provide professional cleaning and gardening

services, in Dar Es Salaam and nearby regions.

We do it for you, We do it Well

GARDENING SERVICESA Professional gardening is done upon viewing. We offer garden care, weed and plant care, and general landscaping.

FLOWER ARRANGEMENT SERVICESWe provide fresh and artificial flowers for different occasions and plants and pots.

FUMIGATION SERVICESYour Home/Office should not be aplace for pests, we will provide protection your Home/Office needs for your peace of mind.

CLEANING SERVICESRemember Your Home/ Office is a reflection of you that is why you should leave cleaning needs to NIKUZE and recommend to friends and families.

Why Are We Unique?• Competitive Prices• Professionally Trained• Well Motivated Team• Our Guarantee

NIKUZE CLEANING & GARDENING SERVICESP.O.BOX 10032, D’SALAAM – TANZANIAPhone: +255 715 / 754 / 789 363800

Email: [email protected] Cleaning & Gardening

Please feel free to contact us with any questions or request that you may have. We are happy to help with all Cleaning & Gardening Services

stablished in 2013, Priority Property Limited is an independent real estate agency fully registered in Tanzania. Our office is located in Mbezi Beach, covering

central to north Dar es Salaam (from city centre to Bahari Beach area).

We understand that finding the right Real Estate Agent for your new property, is an incredibly important decision to make. We strive to ensure that all our clients receive the very best service in a timeless efficient manner.

Here, at Priority Property Ltd, we are passionate about three things; our customers, our staff and our property listings. Work-ing with these principles in mind has helped us grow into one of the top sales and leasing estate agencies in Dar es Salaam. Our professional sales team will always go that extra mile to un-derstand your needs and helping you find your ideal property.

We understand that, in order to deliver outstanding services to our landlords, we need to ensure that our tenants are completely satisfied with our service. We have established trusted relationships with a lot of companies, organizations and educational institutes in Dar es Salaam. Due to our excellent track record and renowned service, Priority Property is the first point of contact for some of the most respected companies, when relocating new staff in Dar es Salaam.

At Priority Property we believe that optimum financial performance of a property asset requires continual proactive management and good marketing. Our business model has been developed to constantly improve income, marketability, and value to the property owner as well as ensuring that our customer gets the best value for money.

Priority Property Ltd works with a substantial number of clients including property companies, financial institutions, private investors, embassies and currently manages over 500 separate tenancies.

Our office provides advice on all aspects of service in the area of properties and ensures that obligations of both, the tenant and property owner are fully informed and aware of their rights and obligations. Furthermore, we sincerely believe in foster-ing goodwill through a respectful and professional relationship with our tenants and landlords.

Thus, if you are a landlord looking for suitable tenants or a client looking for suitable residential or commercial properties, look no further our expert team at Priority Property. We eagerly await your call to make your property our priority.

About us

Services at a Glance

Leasing

Administration Rent Collection and Lease Management

Property Maintanance and Services

Advice and tipsBanking Services

Property Insurance Legal Guidance

Reporting andFinancial Management

Marketing Handover and Inspection

Plot 930, Old Bagamoyo Road Mbezi Beach Dar es SalaamEmail: [email protected], Tel:+255 222617443 / +255 765 224 455

www.prioritytz.com

E

Services at a Glance

www.prioritytz.com

LowMus is a privately owned Real Estate company that was

established by a team of two Tanzanian friends who are well versed in the real - estate industry, with experience from USA, UK and the Republic of Tanzania.Our founders created the agency with the belief that, real estate properties should be per-fectly functional yet stylish enough to keep up with the ever-changing trends of innovative and captivating properties of the world. LowMus has gone from strength to strength capturing each market niche that it operates in. We take pride in our extensive property portfolio and inter agency relationships. Our goal is to pro-vide a professional and personal real estate approach that achieves maximum return, by maintain-ing your property investment at a higher standard in order to attract and retain the best possible clients.

“OUR CLIENTS ARE OUR PRIORITY”

Tel: +255 716 998 864Email: [email protected] Website: www.lowmus.co www.instagram.com/lowmus_properties twitter.com/PLowmuswww.facebook.com/lowmus.lowmus

Sales and leasing of commercial and residential properties(houses, apartments,land etc).• Property management• Investment sales and acquisitions• Project-Sales and marketing• Research and valuations• Consultancy• Title deeds processing• Interior design and Architectural design• Construction

Why LowMus Property managementReal Estate is all we do.We specialize in and focus on real estate, making property sales and rental our number one priority.

Innovative marketing ApproachWe capitalize and maximize exposure of your property for easy and quick sale or rent to top quality clients. We value and understand the importance of time and professionalism. As your property managers or broker we will do our utmost to assist you, the first time you call

and respond in a timely manner. We have a vast network of professionals dedicated to our cause. We deliver by offering an achievable yet optimal property appraisal

We use the following tools when assessing the market value of a property

� Market Conditions� Comparable property rates� Vacancy Factors� General condition of the property� Tenant quality and length of tenancy� Actual value and anticipated value of land

Our personalized and positive approaches, teamed up with our solid industry experience will actively sell/lease your property to prospective clients within a short period and at competitive market prices.

LOWMUSOur Services

www.lowmus.co


Modern Children Outdoor Play Ground Items

Green Acres House, Ground Floor, New Bagamoyo Road Fax: +255 (0) 22 2762182,

Email :[email protected] / [email protected] ES SALAAM TANZANIA

web: www.dreamfantasy.net +255 689 007 474+255 754 310 493 Tel: +255 (0) 22 2762 181

yWE SELL

A great Opportunity for Private School Owners, Hotels, Resorts, Apartments, Recreational areas, Amusement Parks (Children Playing centers) and any other children related activities. This is a great opportunity for your business to be ENHANCED and have a competitive advantage over others which will result to more profit.

“NUNUA SASA”“NUNUA SASA”

SPECIAL EDITION

Ensol Tanzania Ltd was estab-lished in August 2001 as a part-nership and later in

January 2002 changed into a limited liability company by share. It is a 100% Tanzanian company. Ensol is a Class I Specialist Solar Energy Contractor with main office in Dar es Salaam and 2 branches located in Lushoto, Tanga and Shinyanga town; but we operate all over the country.

Ensol is specialized in provision of so-lar energy solutions through project designing, planning, engineering, supply, installation and maintenance of stand-alone solar PV, hybrid solar PV with genset/grid, solar hot water systems, micro/pico-solar products, solar water pumping and solar street lights.

Ensol has been named one of Top 100 Mid-sized Companies twice, in 2011 and 2012. Also, in 2012 ENSOL received an Certificate of merit from Tanzania Revenue Authority (TRA), in honour of being a highly committed and dedicated tax payer.

Ensol has worked with Tanzanian

government and re-known local and international organizations in implementing different solar electrification projects in Tanzania, in-cluding NSSF, TRA, Ministry of Health and Social Welfare (Tanzania Mainland and Zanzibar), Ministry of Energy and Minerals, Min-istry of Education and Vocational Training, Ministry of Tourism and Nat-ural Resources, Rural Energy Agency, Clinton Foundation, USAID, Benjamin Mkapa (Former President) Founda-tion, UNDP, UNICEF, ILO; these are just to mention a few.

Ensol has also looked into other markets in East Africa region. In part-nership with Ecogeer of Burundi in the year 2013, we were key players in the execution of a Solar PV installation project for the electrification of health facilities in Kirundo, Cankuzo and Ruyigi provinces.

WE at Ensol, have positioned ourselves to partner with real estate project developers & owners to pro-vide them with latest solar energy technologies that may be integrated

in their projects. Solar water heating system is one of the best options in energy saving and conservation; and you will not only save electrical bills but also the environment.

Solar PV power is very advanced and can do anything that conventional power does. With Solar PV you have so many options on how to integrate it in your projects; you may opt to power a section of critical loads or part of the building (e.g lights along the stairs, lifts etc) or power the entire build-ing or just part of it. Instead of leav-ing empty roof, utilize by putting solar panels that will generate power and choose where to put. Solar area light-ing are suitable for compound, sports grounds, street lighting etc. With solar mini-grid/micro grid you can electrify the entire compound, this paves the way for remotely rural real estate projects to be undertaken without worrying when grid power will arrive.

To sum it all, we provide energy solutions that create value to your life and the environment.

Energy with a smile

GALAXY ESTATE MANAGEMENT (GEM) was established 10 years ago in 2006.

The idea of starting a Property Management Company was float-ed to the owner by a friend seeing the boom of construction and the emergence of a lot of new buildings in Tanzania.

Property Management at that time (as it is even now) was an unknown business as the buildings in Dar es Salaam were mostly managed by the owners themselves and the pace of life was such that the owners could spare time in doing so.

With the boom of construction of new buildings and specially high rises, Property Management became a specialized and full time occupation.

But still the owners thought by appointing a manager they could manage their newly constructed properties.

It was at this right moment, we decided to venture into profes-sional services of Property Management.

When GEM was established, there were 3 or 4 major companies in this field and they were mostly concentrating on the Government Sector.

We decided to start with concen-trating on the private sector where these services were lacking.

We also decided that, we would start with smaller buildings so that

we could create a name for the Company as well as deliver quality and personalized service.

And this has been our motto since then. We have grown from a small company which was managing 10 apartments in a building in Upanga and now are managing some prestigious and big sized projects.

Our motto is

"The Ultimate Solution To Property Management and Maintenance."

OUR SERVICES

When we take over a Project, we take away all the headache of the Owners. Hence our services include

Collection of Rent and delivering to Landlords

Collection of Service Charges and using the same for Maintaining the Building and Managing the Services

Preparation of Lease Agree-ments Tenants and completing all the formalities with TRA including following up on Withholding Tax and Stamp Duty on Rents and Lease Agreements.

Following up on renewals to ensure that the Owners and Tenants are in a valid state of agreement

Preparing Fiscalised Invoices and issuing proper receipts when collecting the dues.

Collection of Generator, Elec-tricity Charges, Water Charges wherever applicable

We also manage all the Service Providers like Lifts, Bore-well, Generators, Utilities bills, Garbage Collection Companies, Cleaning Companies etc.

Besides this we also take care of the Property Tax, Land Rent and Fire regulations and payments of the Properties.

Besides this we also provide Main-tenance Services for the building.

Building is easy, but maintaining it is a mammoth task. We are seeing a lot of deterioration in buildings in Dar es Salaam, mainly due to poor maintenance.

GEM also offers the following Services, with our own team of skilled and experienced techni-cians, we take care of:

● Electrical ● Plumbing● Carpentary● Aluminium ● Painting● Airconditioners ● Generator● Borewell ● Lifts

FUTURE PLANS

We have grown from a 10 Units Managing Company in Upanga only to a 85 units Managing and Maintaining Company in almost the whole of Dar es Salaam in the last decade. We intend to grow at a faster rate in the next decade and with the reputation we are building in the Property Market we feel we shall achieve this quite comfortably.

{c}

{d}

{e}

{a}

{b}

{f }

{g}

{h}

GALAXY ESTATE MANAGEMENTThe Ultimate Solution to Property Management and Maintenance


SOME PROJECTS UNDER GALAXY ESTATE MANAGEMENT

Maktaba Square in CITY CENTRE

Village View Apartments in MSASANI

Project in CITY CENTREMikocheni Maisonnettes in MIKOCHENI

Peninsula House in OYSTER BAY

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

GALAXY ESTATE MANAGEMENT


Import from UK, India USD8 per kg

Import from Dubai USD8 per Kg

Import from South Africa USD6 per Kg

Import from China USD8 per Kg

COURIERS

Send your express package to Uk/Dubai and India only 10usd per kg .

Tel: 0782 288 288, 0719 276 [email protected], [email protected]

www.nextcouriers.net

UK/ INDIA

SD8 per kg

DUBAI CHINA

SOUTH AFRICA

PRIME MINI DIRECTORYREAL ESTATE AGENCIES SECURITY COMPANIES PROPERTY MANAGEMENT CO.

Tel: +255767711120E: [email protected]

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

Are you looking for anApartment/ House to lease or buy?Do you have an apartment / House to sell or lease?Don't waste your valuable time we will provide professinal assistance

NikuzeRealEstate

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

Tel: +255 22 266 7722E: [email protected]

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

Tel: +255 755 179 594E: [email protected]

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

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

Tel: 255 773 805 360E:[email protected]

INTERIOR DESIGNER & DECOR

LIST YOUR BUSINESS HERE

Tel: +255 767 711120/ E: advertise@primeloc-

tiontz.com

Tel: 0716 998864

PROPERTY SHOPTel: +255767711120 Email: [email protected]

Old Bagamoyo Rd Mbezi Beach DSMEmail: [email protected],

Tel:+255 222 617 443 +255 765 224 455

www.prioritytz.com