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1 The DarProperty 27 th NOV 2013 Free Copy Fr Copy The Issue No 025 ISSN 1821-7753 27 th November 2013 www.darproperty.co.tz Tanzania’s Ultimate Property Guide FREE COPY RENT OR

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Page 1: The Darproperty . NOV-Dec 2013

1 The DarProperty 27th NOV 2013

FreeCopyFreeCopy

The

Issue No 025 ISSN 1821-775327th November 2013

www.darproperty.co.tz

Tanzania’s Ultimate Property Guide

FREE

COPYCopyhe

www.darproperty.co.tz

Tanzania’s Ultimate Property Guide

RENTOR

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3 The DarProperty 27th NOV 2013

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4 The DarProperty September 2013The DarProperty March - April 20122

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

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

PropertyDar PropertyDarTanzania’s Ultimate Property Guide.

TM

PublisherDarproperty Tanzania

Editor In ChiefMonica Kijo

[email protected]

Designs & LayoutsAlan Peter

Dennis [email protected]

Marketing & SalesMichael Francis

[email protected]

DistributionBoniface Metta

Online Content ManagerMbwana Mbura

Sales RepresentativeMilembe Pamba

Brenda NdashukaGlory Mgonja

Classifi eds AdvertsBaraka Casian

Business Development & ProductsAbdallah Mugasa

Offi ce Assistant.Brigita Laurance

Regulatory & Legal AdvisorsNexus Associates - Attorneys at Law

Mikocheni B - Bima road,P.O. Box 105499 Dar es Salaam

+255 22 2780 517+255 784 238 962,+255 713 751 868

[email protected]

DistributionShould you have problems in obtaining copies of DarProperty

Magazine, please contact+255 713 888 036+255 717 270 791

For Comments, Complains & [email protected]

The Darproperty is published by Darproperty Tanzania Company. All rights reserved. cThe contents and opinions expressed herein are not necessarily the representation of publisher’s view. All material published is deemed to originate from the author and will not accept any liability whatsoever in respect that have been sourced from contributors. Users are required to make their own judgement on the details contained in each advertisment. While every caution is taken in compiling the contents of this magazine, the publisher will not accept any liability for the effects arising thereof. No part of this publication will be reproduced with out written consent from Darproperty Tanzania Company.

To advertise Call : +255 713 751 868, 784 238 962

[email protected]

Also Available Online

Scan this QR CODE

Royal OvenPizzeriaCasinoCofee ShopU-turn SupermarketNono SupermarketImalaseko SupermarketIsamilo LodgeYunni Minni SupermarketMwanza HotelGold Crest HotelJb Belmount HotelRyan’s Bay HotelTilapia HotelVictoria Palace HotelMalaika Beach ResortFast JetBanks & Offi ces

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

Mwanza Points

This magazine is registered by the government of United Republic of Tanzania under the newspaper Act no. 3 of 1976 and the Postmaster General.

Registration No. 00005562

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5 The DarProperty 27th NOV 2013

Hotline:+255 715 952 452 / +255 784 935 538

[email protected]

Page 6: The Darproperty . NOV-Dec 2013
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7 The DarProperty 27th NOV 20137 The DarProperty 27th NOV 2013

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We Bulid Your Future We Bulid Your Future

FLORIDA ROUND ABOUT - ARUSHA RENTABLE SPACE FOR:BANK

OFFICESRESTAURANT

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OFFICESRESTAURANT

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Call now +255 713 31 72 85+255 767 14 07 27

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STANDBY GENERATOR

SERVICING AND MAINTENANCE

CAR PARKING

CLEANING OF COMMON AREA

SEWAGE

WATER

WIRELESS INTERNET ACCESS

SECURITY

FIRE SAFETY INSTALLED

& MANY MORE

AMENITIES

STANDBY GENERATOR

SERVICING AND MAINTENANCE

CAR PARKING

CLEANING OF COMMON AREA

SEWAGE

WATER

WIRELESS INTERNET ACCESS

SECURITY

FIRE SAFETY INSTALLED

& MANY MORE

AMENITIES

FOR RENT FOR RENT

Page 9: The Darproperty . NOV-Dec 2013

9 The DarProperty 27th NOV 2013

We Bulid Your Future We Bulid Your Future

FLORIDA ROUND ABOUT - ARUSHA RENTABLE SPACE FOR:BANK

OFFICESRESTAURANT

SHOPS

RENTABLE SPACE FOR:CONFERENCE HALL

OFFICESRESTAURANT

SHOPS

Call now +255 713 31 72 85+255 767 14 07 27

Call now +255 713 31 72 85+255 767 14 07 27

STANDBY GENERATOR

SERVICING AND MAINTENANCE

CAR PARKING

CLEANING OF COMMON AREA

SEWAGE

WATER

WIRELESS INTERNET ACCESS

SECURITY

FIRE SAFETY INSTALLED

& MANY MORE

AMENITIES

STANDBY GENERATOR

SERVICING AND MAINTENANCE

CAR PARKING

CLEANING OF COMMON AREA

SEWAGE

WATER

WIRELESS INTERNET ACCESS

SECURITY

FIRE SAFETY INSTALLED

& MANY MORE

AMENITIES

FOR RENT FOR RENT

Page 10: The Darproperty . NOV-Dec 2013

food insecurity and inadequate income and because of this they cannot afford a decent house. In the workplace, the majority of workers belong to (using International Labor organization’s phrase) the working poor’ category). That is they may be nominally earning a decent salary, but due to the fact of having many dependants, in reality each earns less than $1.25 a dayAlthough Tanzania’s economy is growing given the fact of its long time political stability, abundant natural recourses and investment projects in various sectors of the economy (micro- economy), this growth has not been

NSSF embarks on law cost housing NATIONAL Social Security Fund (

NSSF) has embarked on low cost housing project to enable its members own modern houses at affordable price and improve their living standards.The scheme has taken into account some important factors. The majority of Tanzanians, more than 80 per cent live in rural areas and depend on agriculture for food and income.Due to the use of traditional farming methods and unreliability of rainfall, there is often low agricultural production, which in turn leads to low food and cash crop productionConsequently, many farmers experience

translated into the lives of ordinary people (micro economy).That is why there is a widening disparity between the rich and poor.As a result the majority of Tanzanians are still in abject poverty and in poor or inadequate housing although this shouldn’t have been the case.To substantiate this, one has only to visit suburbs and rural areas across the country. To address this situation, the government has been coming up with various poverty reduction strategies meant to transform the nation into a middle- income economy (National Vision 2025) and enable

NSSF EMBARKS ON LOW COST HOUSING

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11 The DarProperty 27th NOV 2013

112,500,000 (VAT exclused) respectively.“NSSF members interested in purchasing the low cost houses may go to NSSF offices at Benjamini Mkapa Towers to enquire about a purchase procedure,” he further said.According to Dr Dau, there are 10 types of house designs comprising two to four bedroom houses. The average size of each house is between 75 and 125 square metres.“The houses are differentiated on the basis of built –up area, the number of rooms and extra-facilities incorporated in each house, for instance, carports, solar water heating systems and provision of house,” he explained.Members, who intend to purchase any houses using out-right purchase arrangements are required to get an application form at a non- refundable fee of sh.5,000 from any of the NSSF’s offices fill in all requisite information about their membership and return it for pre qualification.After pre qualification, a letter of offer will be issued and the prospective buyer will be required to complete all purchase formalities and full payment for the house within seven working days since the issuance of the offer letter.Any delay beyond this time frame will lead to automatic termination of the offer and forfeiting of any amount so paid,” he said.For her part, chief public relations and customer service Eunice Chiume told reporters in Dar es Salaam recently that NSSF would continue addressing housing challenges for its members.

She noted that due to high housing demand NSSF would continue to construct low cost houses to members to enable them to live in permanent houses,” After completing phase I and II of 297 houses, we have seen that there is a need to continue addressing this problem and in phase III will involve constructing 900 houses, which will cost about 23bn/ Said ChiumeShe added that statring on 24th day of this month, NSSF expected to start issuing application forms for purchasing 498 surveyed plots in Kiluvya A Madukani, the plots that will be sold in collaboration with Kisarawe District Council.This is a new residential area, which will have basic social services, she said The plots will be sold to NSSF members and to members of the public at an average of sh 15,000 to Sh20,000 per square metre depending on plot use.NSSF, which is a compulsory scheme providing a wider range of benefits based on international accepted standards, was established by the Act of Parliament No. 28 of 1997 to replace the defunct National provident Fund (NPF).

Deogratius Mushi.

Tanzanians to lead a decent living and improving their housing status – the latest being Kilimo Kwanza and Big Result Now.To complement government efforts, each fiscal year National Social Security Fund (NSSF), has been setting aside at least 75 per cent of its investible funds for investment purposes.The remaining 25 per cent is spent on benefit payments and administrative and capital development purposes. “NSSF commits its resources into high yield investments to be able to offer meaningful benefits to its members.This means all undertaken investments, as far as possible, provide a positive rate of return, to maintain the value of members’ funds. We are committed to enabling our members to own decent houses,’ the NSSF director general, Dr Ramadhan Dau told this reporter during an exclusive interview.He said one of such investments was NSSF’s long – term project to construct low cost houses for its members and their families, a move that could drive millions of Tanzanians out of inadequate housing.“ In Kijichi, Temeke District, Dar es Salaam, NSSF has contracted 297 low cost houses which may be purchased or loaned,” he said these houses were formerly loaned through Commercial Bank of Africa (CBA), but now NSSF will loan them at an interest rate of 11.44 per cent per year and the loan will be repaid in 15 years.They are of two to four bedrooms each and the price is fixed at Sh 64,875,310 to

Dr. Ramadhani Dau, Director General: NSSF Tanzania

“NSSF commits its resources into high yield investments to be able to offer meaningful benefits to its members.

imagecourtesy of NSSF

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12 The DarProperty 27th NOV 2013

SARFARAZALI [email protected]

Tel: +255 686 889 988

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13 The DarProperty 27th NOV 201313 The DarProperty August 2013

SARFARAZALI [email protected]

Tel: +255 686 889 988

Page 14: The Darproperty . NOV-Dec 2013

House for rent / sale

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15 The DarProperty 27th NOV 2013

House for rent / sale

OFFICE SPACE TO LETSamora Avenue

124sqm, 2nd floor$3100 VAT inclusive

CONCEPT OFFICE SPACES TO LETSamora Avenue20sqm, 4th floor

$1000 VAT inclusive

SHOP SPACE TO LETSamora Avenue, Mezanine floor

260sqm-$800028sqm-$96020sqm-$80070sqm-$2400

SHOP SPACE TO LETSamora Avenue

500sqm basement space$6500

APARTMENT FOR SELLSamora Avenue

3Bedrooms,fully furnished$250,000

APARTMENTS TO LETSamora Avenue

2&3 bedroom fully furnished and available from February 2014

$1500 & $1700

APARTMENT TO LET IN UPANGA3bedroom, furnished, swimming pool,gym, all room are en-suite

$2200.

APARTMENT TO LET IN UPANGA3bedroom, , unfurnished, swimming

pool, gym, all room are en-suite$1500.

HOUSE TO LET IN MBEZI BEACH4 Bedrooms, full AC,

semi-furnished$800

DO YOU WISH TO SELL / LET OUT YOUR PROPERTY?HOUSES, APARTMENTS, PLOTS

OWNERS CAN CONCTACT USCall; +255 683 027 027 / +255 682 00 91 91

[email protected] Floor, Wing A, Suite A203, Victoria Plaza, Samora Avenue.

Real Estate Sales & Rentals Property Management ConstructionInterior Design Public Relations Media Hospitality Entertainment Fashion & Beauty

PROPERTIES IN DAR

ANZA INVESTMENT GROUP LIMITEDIntiatives for Africa

Page 16: The Darproperty . NOV-Dec 2013

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

Payment options

Mr Mrs Ms Other title

Initials Last name

Country

Town

Postcode

Delivery address:

Telephone

Mobile

E-mail

To order: [email protected] post this form to: P.O. Box 105499, Dar es Salaam, Tanzania.

1. Cheque enclosed, payable to Darproperty TanzaniaOnly Tshs. acceptable

Signature

DateDarproperty Tanzania is registered in The United Republic of TanzaniaRegistration No: 210444.Tanzania Taxpayer Identification Number (TIN): 110-871-260

Darproperty magazine is a free magazine, if you cannot pick it from the designated areas feel free, to have it delivered to your address. Amount charged is for postage, delivering & packaging.

Cash enclosed pay in slip to Darproperty Tanzania Exim bank, A/C no. 0339281116

2.

3 Months - 30,000/=

6 Months - 60,000/=

12 Months - 85,000/=

GREAT VALUE ITEMDON’T MISS OUT

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17 The DarProperty 27th NOV 2013

SUITABILTIYSuitable for office block and staff quarters, hostel, lodge, resort,rest house and other similar business for commercial or public use.

Suitable for local and International Companies, Non-Government Organisations,Firms and other Agencies or Individulas looking for the best conveient place

LOCATIONThe compond is located at Ibanda locality, opposite to Kirumba Commercial Centre,seven (7) minutes drive to the Main City Centre and ten (10) minutes drive to Mwanza Airport,Strategically located at the hilltop of the rocky mountain providing spectacullar views of the lake andhas a cool an isolated enviroment for peace of mind

OTHER MAIN FEATURES

The compound has ten (10) units of building in a perimeter wall

fenced with grills to provide security and non-interference.

Has an elegant building structure suitable for Corporate Office and other facilities

Ample parking space

Modern servant quarter at the main entrance gate providing reliable

security and reception to the incoming guests.

Has rustic and home styled five (5) cottages with balcony for comfortable stay.

Elegant rooms for fine living and luxurios shower facilities

Open restaurant hall.

Electricity and Water Utilities with backups available

MODERN COMMERCIAL / RESIDENTIALPROPERTY TO LET IN

MWANZA CITY

CONTACT:+255 688 810 344 / 0713 966 119 / 0682 966 119

PRICE$7000

(per month)Negotiable

ELEGANT SECURE [email protected] / [email protected]

call us: +255 787 555 292 | +255 22 2666 524 email us: [email protected] | web: www.propertyplus.co.tzvisit us: 5th floor FBME house, 85 kinondoni road

complete real estate & property management services for residential & commercial propertiessales | lettings | rentals | general maintenance | rent collection | securitytenancy agreements | cleaning | operations | generator servicing | luku top upac servicing | landscaping | refuse collection | management reporting

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FOREIGN INVESTORQ: I came to Tanzania in 2012 as an employee in one of the auditing firms in Dar-es salaam. I have grown to love the country and recently I have been thinking of buying land to start a real estate business. My firm’s driver, a Tanzanian, has a plot at Mbweni Mpiji and is keen on selling it to me, but my boss says what he knows is that a foreigner can’t buy land in Tanzania. Is this so? Please Advice. BM, Dar es salaam, Tanzania

A: Greetings BM, well your boss is correct but only to the extent that under the laws of Tanzania, a foreigner cannot own land. However, a foreigner can own land if it’s for investment. The Land Act 1999 under section 20(1) states that, “for avoidance of doubt, a non-citizen shall not be allocated or granted land unless it is for investment purposes under the Tanzania Investment Act, 1997”. This can be through obtaining derivative rights from the TIC, application to the Commissioner for Lands, sub-leases, licenses from the Government, and purchasing from holders of rights of occupancy. However, if the foreign investor decides to purchase the land from a holder of a right of occupancy, a lawyer’s services is needed for the process. The lawyer will draft a Sale Agreement and the seller provides the necessary documents/information (site verification, vendor’s disclosure, conduct official search, evaluation, and many others) that confirm s/he has a right of occupancy on the property and that it is clear of any encumbrance. The above, especially having a properly drafted agreement, will protect you. For other processes and ways to protect yourself, we suggest that you consult your attorney.

MORTGAGE Q: Hello! I am a Tanzanian citizen employed as a manager at one of the factories in dare s salaam. There is a property that I want to buy but it’s mortgaged. Kindly assist me on the procedures and how to go about it?JR, Arusha, Tanzania

A: Hello JR. Well, the procedures are straight forward. In light of your situation, a mortgage can be discharged or transferred so as to affect sale. Upon payment of all moneys and performance of all other conditions and obligations in the mortgage; the mortgage must be discharged from liability. The discharge is made at the instance of the mortgagor requesting such a discharge at any time. The mortgagor can request the morgagee to transfer the mortgage back to him upon

discharge or to another person. Such a request must however, be in writing . Section 123 of The Mortgage financing (special provisions) Act, stipulates that it is vital to obtain the consent of the Mortgagee. Under regulation 9 of the land (Mortgage Financing) Act, “where the mortgagor wishes to transfer a mortgage, he shall seek consent of the mortgage. Upon negotiation between buyer(you) sellor and the mortgagee, consent shall be given. On discharging the mortgage, an application shall be sent to the registrar of Mortgage. Once the mortgage has been discharged then what follows shall be to convey the property to your name. This procedure will involve signing of Sale agreements, disposition forms, transfer of property, approval from the registrar of lands on the registration of the right occupancy, processing of the title deed.

LAND TRANSFERQ: I bought a house six years ago. I recently decided to sell it but to my surprise the buyer refuted to purchase my house and told me that I was a fraud because he found out that the house belonged to someone else who actually was the person who sold the house to me. How can this happen?AM, Dar es salaam,Tanzania.

A: There are several stages in conveyance, the first stage being the pre-contractual stage, then the contractual stage and the last stage is the post completion stage. You haven’t told us the whole story but the most obvious assumption is that, you only passed through the first and second stage but had failed to finish the second and last stage which is very important. A sale agreement of land is not complete until the title deed has passed to you. Hence, you have to execute a deed of transfer which will transfer the title from the previous owner to you, and register the same. The post completion stage comprises of the following requires that after the sale agreement is executed, you have to prepare the deed of transfer and go to pay the necessary fees .You will then obtain a certificate of the same and thereafter the transaction is approved. A registration of register the deed at the appropriate registration office is a process that will follow as to render completion of the whole transition. You can’t sell without a title deed that has your name on it.

CONTRACTSQ : Hi, I am a businessman, but I am new in real estate business. I worry that since in my other business dealings I have run into a lot of contract/agreements disputes; it might also be the same for me in the real estate

business. Can you please tell me on how I can protect myself and reduce the risk of such atrocities? Thanks. GH, Dar es Salaam A: Dear GH, What you should know about agreements that are entered in the real estate business is that first of all, an agreement for the must be in writing like agreements for sale of land with an exception to short-term leases, and be signed by both contracting parties. Also before signing an agreement for sale of land you have to afford yourself sometime to do due diligence where you will search the necessary information concerning the property and assure yourself of any encumbrances before purchasing it. You should also take careful note of the covenants therein. The agreement must also indicate; cost payable by each party, whether price includes VAT and, the timing of the payments, clause that the purchaser is at contentment with the property being bought, fixtures and fittings, and any implied obligation of the purchaser. Most importantly all contracts should have these essential elements Competent Parties, mutual consent, Legal Consideration, Lawful Object, Property Description, Price, Signatures. Documents involved are prepared by the conveyancing lawyer for both parties to sign.

You can send your question to:[email protected]/[email protected] / or mail it to :

ABC ATTORNEYS.NBC LTD BUILDING, MNAZI MMOJA BRANCH,2ND FLOOR, JAMHURI STREETP.O.BOX 105722,DAR-ES-SALAAM, TANZANIA (EA)Tel: +255 222136060

For more information, you can also read other articles online at www.abcattorneys.co.tz

DISCLAIMER: The purpose of this post is to educate the public on real estate law matters, and is not intended to render any legal counsel on its use. We, as a firm cannot accept any responsibility for any action based on this post. If you are interested in securing legal advice or need assistance dealing with a dispute, please consult your Attorney.

Ask the Expert Real Estate Laws

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19 The DarProperty 27th NOV 201319 The DarProperty 27th NOV 2013

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20 The DarProperty October 2013

4m

4m4m

3m 3m

SOLD

GOLDSI

LVER

STAGE

OFFICEENTRANCE

FOODCOURT

PARTNER

TITLE SPONSOR

BRONZE 3m

3m

A1

A2

A3

A4 A5

B1 B2 B3 B4

B8 B7 B6 B5

B9 B10 B11 B12

A6 A7 A8 A9 A10 A11 A12

A13

A14

A15

A16

A17A17

A18

A19

A20

IN

OUT

REC

EPTION

Floor Plan4m x 4m

3m x 3m

2m x 2m 8m x 8m

3m x 9m

13m x 6m

4m x

8m

C1

C2

C3

C4

C5

C6 C7 C8 C9 C10 C11

Mini

Standard

Deluxe

VIP HALL DIAMOND JUBILEE

For more info please call;+255 784 238 962, +255 688 751 868

[email protected]

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21 The DarProperty 27th NOV 2013

4m

4m4m

3m 3m

SOLD

GOLDSI

LVER

STAGE

OFFICEENTRANCE

FOODCOURT

PARTNER

TITLE SPONSOR

BRONZE 3m

3m

A1

A2

A3

A4 A5

B1 B2 B3 B4

B8 B7 B6 B5

B9 B10 B11 B12

A6 A7 A8 A9 A10 A11 A12

A13

A14

A15

A16

A17A17

A18

A19

A20

IN

OUT

REC

EPTION

Floor Plan4m x 4m

3m x 3m

2m x 2m 8m x 8m

3m x 9m

13m x 6m

4m x

8m

C1

C2

C3

C4

C5

C6 C7 C8 C9 C10 C11

Mini

Standard

Deluxe

VIP HALL DIAMOND JUBILEE

For more info please call;+255 784 238 962, +255 688 751 868

[email protected]

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23 The DarProperty 27th NOV 2013

Booking Form

COMPANY DETAILS

COMPANY REPRESENTATIVE DETAILS

FINANCIAL DETAILS

STAND DETAILSLocal and International exbihitors

YOUR OPTION (Preference order)

SIGNED:

Company Name: Postal Address:

Telephone Number:

Email:

Company name or brands as you want it to appear on the facial board:

Email:

Name of contact person:

Invoicing name: Contact cell number:

Email address:Financial contact person:

Cell number:

Physical Address:

4m x 4m

3m x 3m

2m x 2mMini

Standard

Deluxe

eg: A1 (As per Floor Plan)

Option 1

Option 2

Option 3

Option 4

DATE:Please note the organizers details as here under.

Return booking form with payments to. DARPROPERTY TANZANIA CO. P.O BOX 105499, Dar Es SalaamMikocheni B, Bima Road • Tel +255 22 2780 517, +255 784 238 962, +255 688 751 868 • [email protected]

www.expo.darproperty.co.tz

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24 The DarProperty 27th NOV 2013

KINONDONI APARTMENT

3 Bedrooms

24 hr Security

Near the Main Road

Easy Access

+255 713 278 229 / +255 783 299 127

For Rent

$800

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25 The DarProperty 27th NOV 2013

KINONDONI APARTMENT

3 Bedrooms

24 hr Security

Near the Main Road

Easy Access

+255 713 278 229 / +255 783 299 127

For Rent

$800

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26 The DarProperty 27th NOV 2013

APARTMENTS FOR RENT AT TEGETA

FEW MINUTES FROM KIBO COMPLEX

3 BEDROOMS

3 BATHROOMS

STANDBY GENERATOR

PRICE USD $ 700 PER MONTH.

HOUSE FOR RENT - NEAR MEDITERANNO HOTEL

3 BEDROOMS

3 BATHROOMS

1 DINNING AREA

1 PANTRY

1 ACRE YARD

PRICE PER MONTH USD $ 2000SOLD

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27 The DarProperty 27th NOV 2013

Ample Parking

24 HRS Security

Easy AccessStandby Generator

The Showroom is Ideal for Banks,

Financial Institutions,

Corporate Offices.

SHOWROOM @ NYERERE ROADNEXT TO OMAR PACKAGING LTD

BEFORE VICTORIA PETROL STATION

2 Storey - G + 1+1

SHOWROOM FOR RENT

+255 754 780 148+255 715 622 344+255 22 2130601

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28 The DarProperty 27th NOV 2013

REAL ESTATEThe ABCs of REAL ESTATE MARKET

TIGHT MONEY:- condition of the credit markets characterized by high

interest rates, rigid underwriting standards and, and scarcity of high loan

to value loans.

Example: Because of tight money conditions, the buyer was unable to get

fi nancing that she could afford, and the home sale fell through..

STARTER HOME: a modest – sized (less than 1, 500 square feet), basic

house that is in the price range of the typical fi rst- time homebuyer. In

many markets, this entry- level home could be a CONDOMINIUM.

Example: Sally wanted to buy a home but had never owned one before

and had little cash to complete the transaction. She found an ideal

starter home in a small two- bedroom cottage in a clean but modest

neighborhood.

REFINANCE to replace an old loan (s) with a new loan (s)

Example: Garner has a $30,000 loan against her house which is worth

$200,000. She desires cash to pay for a college education. By refi nancing

the home with a new $150,000 loan she will realize $115, 000 in cash

after paying $5,000 in TRANSACTION COSTS .

OFFICE BUILDING: a structure primarily used for the conduct of business,

such as administration, clerical services, and consultation with client and

associates. Such buildings can be large or small and may house one or

more business concerns,.

Example from a large offi ce bulling in downtown, the XYZ corporation

controlled its nationwide system of factories and outlets.

ONE – HUNDRED – PERCENT LOCATION: the particular spot in an

urban area where land and rents are the highest, best location.

Example: Broadway and 42 and street was through of as the highest

priced property, the 100% location, in new York city, other locations could

be judged as percentages of that property value

OPEN LISTING: a listing often used for commercial property given to any

number of broker without liability to compensate any except the one who

fi rst secures a buyer who is ready, willing and able to meet the terms of

the listing or secures the seller’s acceptance of another offer. The sale of

the property automatically terminates all open listings.

Example: Quarry offers an open listing to 2 brokers, riddle and Sims.

Riddle presents a buyer who eventually purchases the property riddle is

entitled to a commission, Sims is not

Disclaimer• The Darproperty Magazine is only a property guide where real estate owners or their agents and or their real estate brokers place their property’s sale or rent information with or without pictures.

• The Darproperty Magazine does not take any part in selling, buying, or renting transactions.

• All transactions are governed by your local laws. All offers and promotions on this magazine are subject to change without notice.

• The Darproperty Magazine provides you, our readers, a venue for obtaining the information contained in this publication and has no control over the legality of any real estate for sale or rent or other offers made by advertisers, the ability of any of the advertisers to complete the sales in accordance with the offers, or the quality of the real estate offered by the advertisers real estate information for sale and or rent is directly published by the advertisers on this publication and hence The Darproperty Magazine takes no responsibility of any of their information and prices and any mistakes in printing or typing. The Darproperty Magazine has no control over whether Advertisers will honor the offers shown on this publication and does not guarantee the accuracy or completeness of the information contained on this publication.

• The advertised real estates and properties on this publication may or may not be available for sale and or rent. In the event you have a dispute with an Advertiser in any way relating to this publication or the use of information from this magazine, you agree to waive and release The Darproperty Magazine from any and all claims, demands, actions, damages (actual and consequential), losses, costs or expenses of every kind and nature, known and unknown, disclosed and undisclosed relating to that dispute.

CALL +255 22 2781203, +255 779 333 360Located along Mwai Kibaki Rd - Mikocheni Plot 672/2

Easy Accesss

Ample Parking Space

24hr Security

COMMERCIAL PROPERTIES TO LETMIKOCHENI

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29 The DarProperty 27th NOV 2013

EIGHT FULLY FURNISHED APARTMENTS IN A 2,000 SQM COMPOUND IN A QUIET, SERENE, SECURE,

UP MARKET NEIGHBORHOOD FOR FAMILY LIVING.

WITHIN 5 MINUTES DRIVE TO THREE INTERNATIONAL SCHOOLS, SUPERMARKET, FUEL STATION AND ATM CASH POINTS.

Four spacious 2-bedroom apartments(all ensuite), with a separate office /games area.

Two 2-bedrooms apartments comprisinga master bed room and an office / maid’s room.

Two single bedroom apartments with office/games space.

Spacious balcony and terrace areas.

Ample parking space (2 cars per resident).

Generator

Split air-conditioning and ceiling fans;

Refridgerator/freezer, microwave, kitchen utensils and cutlery;

Washing machine and water heater;

Water reserve tanks (one/apartment and 2 large supplementary tanks;

Equipped gym for resident families; and

24 hour security ensured by security guards andelectronic surveillance system.

Please call:0754 291 401 / 0658 291 401;[email protected]

now letting

$800 - 1200now lettingnow lettingnow lettingnow letting

$800 - 1200 $800 - 1200 $800 - 1200 $800 - 1200

MEANMYKE MBEZI APARTMENTSMBEZI BEACHIncluding

Water , Internet & Gym

Page 30: The Darproperty . NOV-Dec 2013

30 The DarProperty 27th NOV 2013

www.darproperty.co.tz

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31 The DarProperty 27th NOV 201331 The DarProperty October 2013

www.darproperty.co.tz

Page 32: The Darproperty . NOV-Dec 2013

This is a majestic, brand new office block located at the junction of Narungaombe/Likoma Streets Kariakoo area, it has a new aesthetically appealing design with high impact, and accommodation comprises rooms of different sizes which are designed as open plan corporate offices in both floors. The

compound of the property is large enough to provide ample parking space. Electricity and water supply are available

throughout the year.

For more details call. 0754 373 481 or 0787 485 270

READILY ACCESSIBLE, PRIME THREE STOREY BUILDING FOR RENT AT

KARIAKOO

Zinga - Bagamoyoon the main road

1 1/2 acresTshs 150,000,000/=

(Plot has Title Deed)

Mbweni Maputofacing the tarmac road

2 AcresTshs100,000,000/=

(Plot has Title Deed)

Plot for sale in Moshiopposite Keys Hotel Moshi 1000 sqm

Tshs 180,000,000/=(Plot has Title Deed)

PROPERTIES FOR SALE

Please call;+255 22 2701674, 0715 053 803,

0786 053 803, 0754 284 68432 The DarProperty 27th NOV 2013

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33 The DarProperty 27th NOV 2013

3 Bedrooms Semi Furnished Flats withlift available for Sale and Rent at Somali Street, Gerezani.

Shops available for Rent at Somali Street, Gerezani

+255 715 95 24 52 / +255 784 93 55 38

GEREZANI FLATS

[email protected]

NURUMA, ARUSHA

WATER FOR IRRIGATION AVAILABLE

165 ACRES

JOINT VENTURE FARMING APPLICATION ALSO ACCEPTED

kiwangwa,bagamoyofarm for saleTSHS 15,000,000/=

0754 26 65 16

8 acres, no title deedit has 4 bedrooms house3 km from the main road

Page 34: The Darproperty . NOV-Dec 2013

34 The DarProperty 27th NOV 2013BE IN CONTROLIN

‘‘Your Advert will be placed on

website, The Dar Property magazineand SMS Subscribers

[email protected]+ 255 784 23 89 62

+ 255 22 2780517+ 255 713 75 18 68

To book your space simply call us on the numbers below:

100,000

Advertise forONLY

30,000TSHS

Page 35: The Darproperty . NOV-Dec 2013

35 The DarProperty 27th NOV 2013

mbezi beach, dar es salaam - house for sale tzs s600,000,000

kongowe, kibaha house for sale tzs 150,000,000

kiwangwa, bagamoyo - farm for sale TSH 15,000,000/=

plot for sale, bahari beach usd 850,000 negotiable. Kibaha,Kongowe - house for sale tshs 150,000,000

AWAITING PHOTO

Farm Area size : 14 Acres,3 Bedrooms House on SiteElectric Power post 50 meters away.Elevated 2,000 Ltrs Water Tank Reserve on site.

Plot Size : 4,900 Sq meters ( 1 Acre )Perimeter wall all round the plot with a gatealready in position.

329800

Coastal Region (Kongowe - kibaha)2 Acres House, few meters from the main road

0716 73 14 860658 34 73 73

fully air conditioned with glass frontparking facilities also available, 24hr securitybackup generator, independent block availableone month free rent

For Sale By Owner0784 84 47 040784 73 13 15

[email protected]

Pugu road, dar es salaam office block for rent

fully furnished room, house cleaning included.shared accomodationwater and electricity included in the rentsecurity included in the rent

Plot Size : 1,000 sqm, with private beach,140 sqm living space, 30m beachfront,Security doors and safety guard at the windows4 bedrooms with enclosed bathroom (4), on of the roomshas got an extra entrance, can be used for staff.

4 bedrooms, 24hr water supply, fully furnishedplus over 4,000 Liters reserve.Back up Generator on site.rent is payable 6 Months Upfront.

For sale by owner

For sale by owner

0754 26 65 16

room for rent, mbezi beach $200House for sale zanzibar, chuini $185,000

2nd raw beach house for sale, zanzibar $175,000 negotiable. house for rent, mbezi beach $ 2000

farm for sale, mkuranga tsh. 220,000,000/= negotiable

4 Bdrm House 2nd Raw of Beach for sale in ZanzibarThis House need some finishing work.Plot size : 4,800 Sq meters ( 80 m by 60 m )New 4 Bedrooms self contained rooms.Second Raw beach plot with nice Sea view.

+255 758 536 581 +255 684 601 567

[email protected]

+255 758 536 581 +255 684 601 567

[email protected]

+255 758 536 581 +255 684 601 567

[email protected]

+255 758 536 581 +255 684 601 567

[email protected]

+255 758 536 581 +255 684 601 567

[email protected]

+255 758 536 581 +255 684 601 567

[email protected]

+255 715 952 452+255 784 935 5380784 32 10 16

3

Farm for sale at kiwangwa,8 acres, no title deedit has 4 bedrooms house3 km from the main road

IIala Flats on the 1st Floor availablefor rent at Songea Street, Ilala

3 master bedrooms, swimming pool, gym,ample parking, emergency exit

IIala, flat for rent

500 meters from Mbezi Makonde/Bagamoyo Road

53

For sale by owner0786 80 97 98

Upanga, dar es salaam apartment for rent $1500

farm for sale, miwani,zanzibar usd 140,000 negotiable. beach hotel for sale, pemba island $900,000/

Plot size : 15,000 Square Meters.Beachfront : 100 meters, 80 meters from the main road.Jambiani - paje road

Plot Size : 9 Acres, Available vegetation / Trees Mango Trees , Coconut Trees , Spices , Banana Trees ,Lemon , Passion fruit trees , Cassava , Pineapples , Rice , Orange trees etc..

16 Rooms Beach Hotel for sale in Pemba, Zanzibar,Beachfront : 250 Meters,Plot size is = 28,453 Meters Square

beach plot for sale,jambian,zanzibar $170,000 negotiable

+255 758 536 581 +255 684 601 567

[email protected]

+255 758 536 581 +255 684 601 567

[email protected]

+255 758 536 581 +255 684 601 567

[email protected]

Page 36: The Darproperty . NOV-Dec 2013

36 The DarProperty October 2013

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

NIKUZE REAL ESTATE AGENCYMorogoro RoadP.O Box 10032 Dar Es SalaamTel: +255 789/754/715/ 363 800Email: [email protected]

PHOTO & CO.ESTATEKahama Road/Msasani peninsulaP.O BOX 105121 Dar es Salaam.0786 962 444Email; [email protected].

PROPERTY CONSULTANCY & SERVICES LTD2nd Floor Kevin House - Samora AvenueP.O BOX.7152 - Dar Es Salaam+255 22 2120402, +255 713 690 [email protected]

PRESTIGE PROPERTIESPhone: +255-713-764-447/ 0767471293Tel:+255-22-266-4373Email:[email protected]

SKYMARK REALITIES LTDZanaki st. - Alimanga bldgTel: +255 22 2 134422/33

TZ REAL ESTATE AGENTS LTDHead Office: 7th FloorAmani Place Ohio Street Dar es SalaamTel: +255 756 960-960/ 0714 444 [email protected]

TRELD COMPANY LTDP.O BOX 7656 Dar es SalaamLocation Msasani Peninsular off toure drive+255 732 222 888, +255 716 777 [email protected]

EL-SHADAI INVESTMENT LTDP.O BOX 17021 Arusha+255 782 677 068+255 754 421 958

HOMES & PROPERTY AGENCIES LTDLand Surveyors & Property ManagersP. O.Box 10079 ArushaBoma Rd. Arusha0787 [email protected]

TANZANIA REALTORS & ADVISORShoprite Complex,+255 785 984 [email protected]

ZIPO HOMESRivergardens Business Park, Rm 4P.O Box 20 Usa River, Arusha+255 787 474 580/+ 255 754 320 [email protected]

MWANZAESTATEMwanzaestate.com+255 714 245 [email protected]

Zanzibar - properties.comTel: +255 774 44 19 07Hotel Marine - Malindi Zanzibar

ABLA ESTATE DEVELOPERS & AGENCY CO.LTDMikocheni Opposite Shoppers PlazaP.O BOX 3810, Dar es SalaamTel +255 22 2772506E-mail: [email protected]

AMBASSADOR REAL ESTATE AGENCYSinza Palestina - CCM bldgsP.O. Box 62067 Dar es SalaamMob: +255 784 252741

GIMCO ESTATE AGENCY LTDSamora Ave, NIC Investment Hse,P.O BOX 8382 Dar es salaam Tel +255 22 2120988Mob +255-784 900041

GOLDBERG COMPANY LTDReal Estate & Mining TradeP.O. Box 22159 Dar es SalaamOld Bagamoyo Rd, Mikocheni B,0715 270 517 / 0754 270 [email protected]. goldbergtz.com

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

KATIGA HOUSING EXPERTSP. O. Box 65490 Dar es SalaamTel:+255 2270 1915Cell: +255 764 763 186/+255 658 763 186Email: [email protected]/[email protected]: www.katiga.co.tz

KEY REAL ESTATE SOLUTIONSRegent Chwaku North UrsinoTel: +255 22 27016740715 053 803, 0786 053 803,0754 28 46 84mariam@keyrealestatesolutionstz.comwww.keyrealestatesolutionstz.com

Real Estate AgentsDirectory

DAR ES SALAAM ARUSHA

MWANZA

ZANZIBAR

Enhance your Visibilty & CredibilityGet listed here for Only

Tshs. 29,500/= per Insertion OR Tshs. 300,000/= Annually+255 784 23 89 62, 0688 75 18 68

[email protected]

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37 The DarProperty 27th NOV 201337 The DarProperty 27th NOV 2013

ARUSHA

Page 38: The Darproperty . NOV-Dec 2013

“You seldom get what you go after Unless you know in advance what you want.

Indesion has often given an advantage to the other fellow because

he did his thinking before hand”

Maurice Switzer

Advertise with us Now

To book your space contact us on

PATRONS

ADVERTISERS’

INDEXIf you like what you are reading

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

ARUSHA

0787 805 566

MWANZA

0714 245 779

DAR ES SALAAM

022 27805170784 238 962 / 0713 751 868

[email protected]

AFRICAN VILLAGE ESTATE LTD.........7

HAADI GROUP LTD..........................13

ANZA GROUP LTD...........................15

BANK OF AFRICA.............Front cover

C&G LTD............................................28

CHOKOLE INVESTMENT LTD..........37

KEY REAL ESTATE............................. 26

LCL LTD................................................27

MAISHA ESTATES...............................25

MISHA EAST AFRICA........................39

MR. ARIF BAKHAMIS.........................12

MR. KAGORO....................................33

MR. NDANGURA............................17

MR.J SHAYO......................................33

MULTI CABLES LTD....................5 & 32

NSSF...................... Cover page & 8,9

PROPERTY PLUS................................17

R.K CHUDASAMA LTD..............14&26

ROOTS 255.......................................40

SECURE SEVEN...............Inside cover

TBS.........................................................6

PATRON PAGE NO

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39 The DarProperty 27th NOV 2013

MIS

HA EAST AFRICA

L I M I T E D

MEALMEAL

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