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The
Issue No 32 | ISSN 1821-7753East Africa’s Ultimate Property GuideOctober 2014
www.darproperty.co.tz FREE
COPY
Coming Soon in Darsee page 21 for details
T: +254 (20) 2724848M: +254 (739) 203032M: +254 (722) 203032
Featuring Properties from Tanzania & Kenya
4 The DarProperty September 2013The DarProperty March - April 20122
Dar Es SalaamSlipwayJ. D. PharmaciesAirport Terminal 2All Shopping MallsVillage SupermarketNHC - Head QuarterScholastica Book ShopsAll Novel Idea Book ShopsPremium Super MarketsBundu Shop - Southern Sun Oysterbay Shopping CenterNakiete Pharmacy - MwengeHome Shopping Center Renowned Hotels & OfficesTanzania Investment Center (TIC) All Major Real Estate Agents
Arusha Mt Meru Hotel Ngurdoto Hotel Kibo Palace Hotel Impala Hotel Naura Spring Hotel Themi Suites Njiro Complex TFA Complex New Arusha Hotel Naazi Hotel Barista Cafe All Major Banks Woolworth Stores JJ black Stores Snow Crest HotelSmart Choice SupermarketsShoprite Supermarket
PublisherDarproperty Tanzania
Editor In ChiefLarson Chumi
Business Development & ProductsAbdallah Mugasa
Designs & LayoutsAlan Peter
Dennis [email protected]
Marketing & SalesMichael Francis
DistributionBoniface Metta
Online Content ManagerMbwana Mbura
Key Accounts ManagerBrenda Ndashuka
Finance & Administration ManagerErick Kessy
Accounts ExecutivesGrey Mateni
Faraji Senkoro
Classifieds AdvertsGeorge Claus
Office Assistant.Brigita Laurance
Regulatory & Legal AdvisorsABC Attorneys
Mikocheni B - Bima road,P.O. Box 105499 Dar es Salaam
+255 22 2780 517+255 784 238 962,+255 713 751 868
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]
ZanzibarChavda HotelDhow PalaceBeyt al Chai HotelZanzibar Coffee HouseMtoni Marine HotelZanzibar CaféStone Town CaféDiplomatic SupermarketTembo House HotelMaru Maru HotelZanzibar Serena Hotel
NairobiSarova Stanley HotelNairobi Serena HotelSarit CentreThika Road MallOil LibyaJava Lounge CafesVillage MarketJunction MallKempinski HotelHilton HotelMega MallReal estate agent OfficesRenowned Restaurants
This magazine is registered by the government of United Republic of Tanzania under the newspaper Act no. 3 of 1976 and the Postmaster General.Registration No. 00005562
The Darproperty is published by Darproperty Tanzania Company. All rights reserved.The contents and opinions expressed herein are not necessarily the representation of publisher’s view. All material published is deemed to originate from the author and will not accept any liability whatsoever in respect that have been sourced from contributors. Users are required to make their own judgement on the details contained in each advertisment. While every caution is taken in compiling the contents of this magazine, the publisher will not accept any liability for the effects arising thereof. No part of this publication will be reproduced with out written consent from Darproperty Tanzania Company.
AVAILABLE FROM:COMINGSOON
COMINGSOON
For rent | 200,000 / month
For rent | $750 / month For rent | $1250 / month Plot for sale | $65,000 Negotiable
For sale | $ 73,000
2 Bedroom House - Chama - Tengeru
4 Bedroom House - Ngulelo 4 bedroom House - Njiro Block CFully Furnished All Ensuite
1272 sqm - Njiro Msola
For rent | $350 / month For rent | $1560 per month
2 bedromom House - Themi Hill - NJiro Godown - 520 Sqm - Njiro Industrial Area 4 bedroom House - Azimio Sakina
2 Bedroom House -Tanesco - Njiro Block D - Njiro
For more properties visit:www.arushahomes.com
Shati House, behind Exim Bank - Clock TowerPlot No. 58, Block E
Sokoine road, Arusha+255 754 337 899+255 786 337 899
For rent | 250,000 / month
For rent | $550 / month
”Tanzanias leading land & property agent”
Dar es Salaam
Tanga / Pangani
Contacts
Arusha
Property img
FOR RENTMikocheni - offices
USD 15 / sqm / month
Property img
Dar es Salaam Arusha Tanga / Pangani
Annabel Burdes
Representative Tanga / PanganiTel. +255 784 632 529
Anders Wehtje Raphael Nondi
FounderTel. +255 785 984 467
Manager Dar es SalaamTel. +255 717 032 633
FOR RENTNjiro - commercialUSD 2,000 / month
FOR SALELodge – Ushongo Beach
USD 295,000
Property img
Property img Property img Property img
FOR RENTMasaki – studios, 1 & 2 b/r
Starting at USD 1,400
FOR RENTBagamoyo Road - offices
USD 18 / sqm / month
FOR RENTMasaki 4 b/r
USD 5,700 / month
Property img Property img Property img
FOR RENTSnow Crest – 5 b/r USD 600 / month
FOR RENTThemi – 4 b/r
USD 400 / month
Property img Property img Property img
FOR SALEPangani – Hotel Plot
USD 150,000
FOR SALEPangani – beach front
USD 350,000
FOR SALEPangani – beach front
USD 200,000
www.tzagents.com
FOR RENTOffices – Nairobi RoadUSD 9 / sqm / month
Property of the month!Lodge Pangani - USD 995,000
This up-market luxury tented lodge is in a prime location on the coast just north of Pangani. Perched on a 20 metre high cliff overlooking Mkoma Bay, it has a stunning Robinson-Crusoe-style beach – the only footprints youre likely to see are your own…. The lodge contains; seven elegantly appointed tents on raised platforms, two new spacious tents perfect for families connected by a stone patio, an authentic Swahili style house for larger groups, swimming pool and bar area, conference facilities, borehole water and generator back-up. There is further a managers house with 2 bedrooms – one of which has a spectacular ocean view, two staff houses – both with two bedrooms and two bathrooms and drivers accommodation. Lovingly tended and
landscaped setting with numerous features and upgrades.
PHOTO PHOTO
PHOTOPHOTO
OTHER PROPERTIES FOR RENT IN MASAKI
SEA PRINCESS APARTMENTS DAYS INN APARTMENTS
SAPPHIRE HEIGHTSNOWRENTING
Sapphire Heights is a newly developed residential building located in prime area of Masaki, conveniently situated on Haile
Selassie.The property offers fully furnished luxurious and spacious 3 bedroom apartments, with amenities including:Parking,
GYM, Swimming pool, Standby Generator, and24 hour security.The propertyislocated within close proximity to colosseum
Gym, Sea Cliff Hotel, Supermarkets and Restaurants.
For rental enquiries please contact:Cell: +255 (0) 689 578 785
Email: [email protected]
- Total Space available upto 1700 sq.mts- Ample Car Parking Space- 24 Hours Security Service- Standby Generator
COMMERCIAL/OFFICES SPACE FOR LEASE IN PRIME MIKOCHENI AREA, DAR ES SALAAM
Ideal For Corporate, International Organization, Health Center, Bank or for Showroom
Construction to be completed by September, 2014For More Information: Contact Tel: 0658 786426 / 0759 740375
E-mail: [email protected]
STARTING FROM
$15/Sq.M
CONTACT: [email protected] [email protected] �����������������������
FEATURES: ! Ocean views ! Private beach*
! Swimming pool ! Modern kitchen appliances ! Fully equipped gym ! Air conditioning ! Standby generator ! Elevator 24hrs ! Ample parking ! DSTv connection ! High-end security & CCTV cameras ! 24 hour Management service
*Ocean Wave Apartments
LOCATION: Old Bagamoyo Road, Plot 389/1, 389/2 (opposite JKT)Plot 77B/2 (near Msasani Beach Club)
Pottery, also known as sanitary ware, ceramics, porcelain and ware.The first question I had when I started selling pottery was how do you know which is good and which isn't so good? All the companies say they are the best!Well, like anything you buy, the quality is down to how long you want to use it for, how many times you use it, what you want to pay for it, and how you want it to look. Let me explain
There are four basic areas that affect the quality of pottery and its expected lifespan:
The depth of the glaze. The glaze is the glass-like surface coating which is fired onto the pottery in the kiln when it is made. The glass enables the pot to be water-proof and protects it from chemicals, such as bleach etc. over its life. The thicker the glaze generally the longer the life. Once this glaze goes, wears out, the pot becomes porous, absorbs water and eventually cracks. The more you use and clean the pottery the faster the glaze wears out. To make the glaze thicker you
have to apply it a layer at a time and each time fire it in the kiln. This process results in breakages within the kiln.
Quality of the clay. The quality of the clay that is used to make pottery is very important. The reason for this is that the finer the clay the smoother the finish will be on the item being made. If you use a poorer grade of clay it will have more grit in it and the surface will have a more rippled appearance. You may also find that because of the increased grit content the pottery is heavier than an item of the same size made with a finer grade of clay. The finer the clay the more tonnes of rough clay you have to use to refine down to make it. It is therefore less expensive to produce pottery with a coarse grade of clay.
The overspray (or colour). The white colour, or whatever colour it happens to be, is applied to the pottery before the glaze. Each manufacturer mixes their own colour to try to match it to the colour of the
acrylic bath. The white colour of the acrylic bath is a worldwide standard set by the acrylic manufacturers. You need to be aware of this if you wish to mix and match pottery from different manufacturers. It is usually acceptable to have a toilet and basin from one supplier made to match the bath but if you put a basin from one supplier and a toilet from another and then the bath together it will stand out like a sore thumb. The thicker the colour is applied, the less fading on the edges takes place and the colour is even over the whole item.The colour as with the glaze is applied in layers and then has to be left to set before the next coat can be applied. The fewer coats the quicker the product can be made and the less cost is involved.
The design of the item. The more intricate the design the more expensive the mould is to make and the more chance there is that you will not always remove it from the mould without damage. Plainer
Sanitary ware.How to tell the good from the not so good.
Bahadir Baran.General ManagerKafkas Group.
At Kafkas group,we provide free
consultation on matters regarding the
pottery, we also stock a range of the materials for all budgets. Ourcompany is a proud
dealer for the world`s top brands on sanitary
ware such as Vitra, Geberit,Artema, Duravit,
and Hansgrohe.
shapes are usually less expensive. You should also note that basins, toilets and bidets are made as matched sets. You will often find that the foot of the pedestal on the basin matches the foot of the toilet pan and that the back of the basin matches the toilet cistern lid. One general point to be made is that pottery is often sold in what is known as a four piece set. That is basin, pedestal, pan and cistern. Most buyers see the set as two pieces, the basin and toilet, and believe the term four piece set refers to basin, toilet, bath and bidet. If you are unsure as to what is meant when the term four piece set is used, ask for clarification.
Pottery, also known as sanitary ware, ceramics, porcelain and ware.The first question I had when I started selling pottery was how do you know which is good and which isn't so good? All the companies say they are the best!Well, like anything you buy, the quality is down to how long you want to use it for, how many times you use it, what you want to pay for it, and how you want it to look. Let me explain
There are four basic areas that affect the quality of pottery and its expected lifespan:
The depth of the glaze. The glaze is the glass-like surface coating which is fired onto the pottery in the kiln when it is made. The glass enables the pot to be water-proof and protects it from chemicals, such as bleach etc. over its life. The thicker the glaze generally the longer the life. Once this glaze goes, wears out, the pot becomes porous, absorbs water and eventually cracks. The more you use and clean the pottery the faster the glaze wears out. To make the glaze thicker you
have to apply it a layer at a time and each time fire it in the kiln. This process results in breakages within the kiln.
Quality of the clay. The quality of the clay that is used to make pottery is very important. The reason for this is that the finer the clay the smoother the finish will be on the item being made. If you use a poorer grade of clay it will have more grit in it and the surface will have a more rippled appearance. You may also find that because of the increased grit content the pottery is heavier than an item of the same size made with a finer grade of clay. The finer the clay the more tonnes of rough clay you have to use to refine down to make it. It is therefore less expensive to produce pottery with a coarse grade of clay.
The overspray (or colour). The white colour, or whatever colour it happens to be, is applied to the pottery before the glaze. Each manufacturer mixes their own colour to try to match it to the colour of the
acrylic bath. The white colour of the acrylic bath is a worldwide standard set by the acrylic manufacturers. You need to be aware of this if you wish to mix and match pottery from different manufacturers. It is usually acceptable to have a toilet and basin from one supplier made to match the bath but if you put a basin from one supplier and a toilet from another and then the bath together it will stand out like a sore thumb. The thicker the colour is applied, the less fading on the edges takes place and the colour is even over the whole item.The colour as with the glaze is applied in layers and then has to be left to set before the next coat can be applied. The fewer coats the quicker the product can be made and the less cost is involved.
The design of the item. The more intricate the design the more expensive the mould is to make and the more chance there is that you will not always remove it from the mould without damage. Plainer
Sanitary ware.How to tell the good from the not so good.
Bahadir Baran.General ManagerKafkas Group.
At Kafkas group,we provide free
consultation on matters regarding the
pottery, we also stock a range of the materials for all budgets. Ourcompany is a proud
dealer for the world`s top brands on sanitary
ware such as Vitra, Geberit,Artema, Duravit,
and Hansgrohe.
shapes are usually less expensive. You should also note that basins, toilets and bidets are made as matched sets. You will often find that the foot of the pedestal on the basin matches the foot of the toilet pan and that the back of the basin matches the toilet cistern lid. One general point to be made is that pottery is often sold in what is known as a four piece set. That is basin, pedestal, pan and cistern. Most buyers see the set as two pieces, the basin and toilet, and believe the term four piece set refers to basin, toilet, bath and bidet. If you are unsure as to what is meant when the term four piece set is used, ask for clarification.
Renaissance Plaza is an upcoming commercial building located in the prime area of Masaki, conveniently situated on Haile Selaise Road, Masaki. Renaissance Plaza is the ideal location for your new office. It is in close proximity to colosseum Gym, Supermarkets and Restaurants.
The modern executive offices and spacious shops have completed ceilings and floors, as well as Central Air-conditioning system. We offer Space for Rent for Offices, Shops, Restaurants and Supermarkets.
+255 (0) 689 578 785 [email protected]
For rental enquiries please contact
Coming Soon in Dar
FOR SALE 6.5 ACRE LAND IN TABATA.
8 BUILDINGS, $800,000
*All properties are negotiable
VILLAS FOR RENT3 B/R MBEZI BEACH
OLD BAGAMOYO RD.$3,000
FOR SALE23 ACRES BEACH PLOT IN
KIGAMBONI MBUTU $40,000 / ACRE.
CONTACT US:Mobile: +255 755 181 222 / +255 655 181 222
Website: www.bryanstonproperties.co.tz Email: [email protected] at: Samaki, Nangela Plaza - Mbezi Beach
Please visit our website for more updated listings uploaded daily (over 200 listings available for your perusal)
FOR SALE, 3340 SQM PLOT
MBEZI BEACH AFRICANA $550,000
4 B/R HOUSE MIKOCHENI KWA MAWAZIRI,
SALE: $900,000RENT: $2300 / MONTH.
HOUSE FOR RENT,MBEZI BEACH
7B/R, 5 BATHS.$1500 / MONTH
FOR RENT3 B/R APARTMENT, MIKOCHENI “A/”.$2000 / MONTH.
30 APARTMENTS FOR RENT, MBEZI BEACH TANK BOVU. 1 B/R -$400, 2 B/R-$600,
3 B/R -$700,
PLOTS FOR SALE
-BUNJU “A” PER M2 - TSH 16,000
-GOBA MTAMBANI PER M2 - TSH 15,000
-GEZAULOLE KIGAMBONI PER M2 - TSH 16,000
-MBEZI BEACH TANK BOVU - 1600M2 $ 95,000
PLOTS FOR SALE
-UNUNIO TEGETA - 2400M2 $ 125,000
-MBEZI BEACH - 4500 M2
FACING BAGAMOYO RD, $1M
-REGENT ESTATE - 1900 M2,$1.1M
-MASAKI HAILE SELASSIE - 1800 M2, $2.5M
PLOTS FOR SALE
-KUNDUCHI BEACH; 1900 SQM, $120,000
- RUVU, 100 ACRES, WITH TITLE, $250,000
-CHANG’OMBE, 2467 SQM, WITH TITLE, $800,000
PLOTS FOR SALE
-BAHARI BEACH, 4919 SQM, WITH TITLE, $330,000
- KIGAMBONI MWASONGA, NOT SURVEYED, $2,000 / ACRE
-MBEZI BEACH, 2300 SQM, WITH TWO APARTMENTS, WTH TITLE, $700,000
PLOTS FOR SALE
-WAZO-TEGETA, 6.5 ACRES, WITH TITLE, $1,000,000
- MBWENI MALINDI, 915 SQM, WITH TITLE, $50,000,000
-MBWENI MALINDI, 870 SQM, WITH TITLE, $45,000,000
PLOTS FOR SALE
-MNARA WA VODA MBEZI BEACH, 3699 SQM, WITH TITLE, $350,000,000
- MBEZI BEACH, 2000 SQM, WITH TITLE, $200,000
-MBEZI BEACH, 2220 SQM, WITH TITLE, $300,000
FOR SALE 5 B/R ALL SELF IN MBEZI
BEACH-AFRICANA 1500 SQM, $520,000
We are your pathway to Real Estate management.Selling, Buying, Managing properties, Rentals and
Leasing of:- Residential- Commercial
- Plots and Lands
FOR SALE 17 ACRES
IN BUNJU “B” $ 375,000
www.dayliff.com
22 2112515/6 • 22 2184867
27 2547317/8 • 24 2234660/1 • 28 2541971/2
DAR ES SALAAM: KARIAKOO:
ARUSHA: ZANZIBAR: MWANZA:
REAL ESTATEThe ABCs of REAL ESTATE MARKET
Opinion of title
A certificate, generally from an attorney, as to the validity of title to
property being sold.
Example: Based upon the attorney’s opinion of title, the title insurance
company insured title to the property.
Market analysis
A study of the supply and demand conditions in a specific area for
a specific type of property or service. A market analysis report
is generally prepared by someone with experience in real estate,
economic, or marketing. It serves to help decide what type of project
to develop and is also helpful in arranging permanent and construction
financing for a proposed development.
Example: The developer commissioned a market analysis to evaluate
the need for luxury apartments in the Mikocheni suburban market.
Copies of the report were supplied to prospective lenders for this
type of development
Kick-out clause
A provision in a sales contract that allows the seller to void the
agreement if a better offer is received before the sale is closed.
Example: When the Always put their home on the market, they received
a lowball offer from the Fenders. Not knowing how well the home
would sell, they accepted the offer but retained the right to entertain
higher bids that might come in before the sale closed. To formalize the
agreement, a kick-out clause was inserted into the contract.
Express agency
A clear and explicit relationship between an agent and a principal,
in the form of either a written contract or an oral understanding,
Contract with implied agency.
Example: Martha is diligent in explaining her responsibilities and
the obligations of her client, as well as disclosing whose interest she
represents when signing someone to a listing contract. She wants to
make sure the relationship is one of express agency.
A KENYAN NATIONAL INVESTING IN REAL ESTATE IN TANZANIAQ: Hello guys at ABC Attorneys, my name is Ochieng from Nairobi in Kenya. I have visited Tanzania once or twice and it seems there is a lot of opportunities in this sector. I wish to come and invest, if I decide so as a Kenyan can I own land in Tanzania? BM, Dar es salaam, Tanzania
A: Greetings Ochieng, well unfortunately, under the laws of Tanzania, a foreigner cannot own land, unlike in other jurisdictions. The only way a foreigner can own land is by investing. In Tanzania, however such right to the land will be a derivative nature as opposed to a right of occupancy whereas, the Tanzania Investment Centre holds the land in stewardship for the foreigner. In other words a derivative right is a right that arises from a right of occupancy. The right of occupancy creates the derivative right. In order for a foreigner to obtain this derivative right, there are a number of stages that need to be completed by the foreign entity. If the land is registered land, then the foreigner would follow various steps such as on site verification, vendors disclosure, conduct official search, valuation report, sale agreement and many others .However
a foreigner cannot purchase land as an individual, but though an entity which will purchase the land. In terms of the transfer of title, the name will be of the Tanzanian Investment Centre and not that of the foreigner’s entity. But before such transfer is completed the entity should acquire among other things a certificate of incentives from the Tanzania Investment Centre.
CONVEYANCING PROCESS TAKING LONGERQ: Hi I want to buy a plot but I can see conveyancing process takes a lot of time and I am afraid that the seller may sell the property to somebody else who has a good offer. What should I do to protect my interest? Asha, Arusha
A: A very good question Asha and it is very fortunate that we face such situation almost every day. Well, you can protect your interests by entering into lockout agreements with the seller. Lock out agreements are those agreements between the property seller and a buyer granting the buyer exclusive rights to sale of the property for a certain period of time. Essentially, a lockout agreement is a contract stating that you’ll have a contract
at a later time which is the contract for the actual sale. It is generally used for buyer protection though in some cases, the seller may stand to benefit from such agreements as well. Lock out agreement are usually used by buyers, they gives them a sense of security that no one will be able to buy a property while in the process of conveyance. After all it does prevent the seller from entertaining any more enquiries. This is particularly desirable because the process of conveyancing takes quite a longtime. Thus, the transfer and processing period of up to 3 months is quite a longtime and it creates a market that is ripe for the practice of Gazumping. Gazumping is when the seller suddenly raises the asking price for the property at last possible moment, this means that the buyer has to accept the new price or pullout of the deal). So imagine if within 3 months period, a seller receives a much higher offer from a second buyer while conveyancing is going on and decides to sell to the second instead and it can quite be possible to a 3rd buyer or more. Hence lockouts agreement attempts to provide some degree of surety to the buyer by preventing the seller from entertaining other offers during the period covered in the lockouts agreements.
DISPOSING LAND TO YOURSELFQ: Hello my name is Amyn, I would like to ask if a person can make a disposition to himself and if that disposition is enforceable like any other disposition made to another person?
A: Of course yes Amyn, it is possible for a person to make disposition to himself. It is provided under section 65 of the land act cap 113 R.E 2002 that, for the avoidance of doubt it is herby declared that any person may make a disposition to himself and any other person or together with any other person to himself alone and the sale, assignment or disposition made to himself is enforceable in the same manner as a sale, assignment or disposition to another person.
LENGTH OF RIGHT OF OCCUPANCYQ: Hello my name Gabriella, I would like to ask if the length of term of a right of occupancy is the same to all holders of right of Occupancy. And is it alright for a holder under the right of occupancy to change land use?
A: The length term of a right of occupancy is NOT the same to all holders of right of
occupancy. It is provided under section 32 of the Land Act CAP 113 R.E 2002 that, a right of occupancy may be granted in different length of terms, firstly it may be for a term up to but not exceeding ninety nine years, secondly for a term together with an option for a further term or terms which together with the original term may be up to but not exceeding ninety nine years and thirdly is a term from year to year or for periods of less than a year determinable by the commissioner by one year’s notice or less, whether or not the grants includes an initial fixed term, so long as that initial fixed term does not exceed four years. NOTE; However where the right of occupancy has been granted for a certain term with or without an option for a further tem or terms then no reduction in the length of that certain term shall be made to or introduced into that right of occupancy by the commissioner without the agreement of the occupier.ALSO, An occupier of land under a right of occupancy is allowed to change use of his/her land as provided under section 35 of Land Act CAP 113 R.E 2002. The occupier should apply to the commissioner for a change or variation to the conditions of the right of occupancy so as to enable him to
undertake development on or a use of that land or a disposal of the whole or a part of that land in connection with a development on or a use of that land which is not permitted by the conditions subject to which the right of occupancy was granted.
Please do send us your question to:[email protected]/[email protected]
ABC ATTORNEYS.IT PLAZA, 8th FLOOR, OHIO STREETP.O.BOX 105722,DAR-ES-SALAAM - TANZANIA (EA)Tel: +255222110236/0713055195/0786624901For more information, you can also read other articles online atwww.abcattorneys.co.tz
HOUSE FOR SALE
0682 005 395
5 Bedrooms Fully furnished Electric fence
Tsh.500M
Njiro, Arusha
Darproperty Mortgage is a mortgage brokerage services offered by DarProperty Tanzania.The service is offered in partership with Local and International mortgage lenders,
to ensure seamless process from the mortgage Loan application to closing.
For Details [email protected]
CLASSIFIEDSmasaki
Sea view full furnished Apartments Masaki near sea cliff village Mall.
generator, elevator and gym. +255 712 358 042
RENT $25003 Bedrooms, 2 Bathrooms
RENT & SALE. Fully furnished, Balcony,Ample Car Parking, Master Bedroom
0653 672 333/028 2500 565
AREA: 2400 SQM
0754 /0715 - 814780
4 Bedrooms, 4 Bathrooms,Fully Furnished Flat, Sea Breeze
Near White Sands Africana0787 277130
3 Bedrooms, 3 Bathrooms, , AC , Kitchen, Ample Parking, Garden.
0754 321 712/0766 666 565
1 one acre, Ideal for petrol station0715/0784 281851
mbezi k
wa msuguri
3 Bedrooms , Dinning, Kitchen3500sqm, 2 km from Morogoro road.
0759 33 94 95
SALE $50,000 3 bedroom detached house
Minutes from Nakumatt Shopping Mall0783 063005
ubungo
3 Acres - Ubungo Msewe0718 568 482/ 0758 325 491
SALE 700m
mbagala
Over 14 plots available atMbagala Charambe
joint venture
kibaha visiga
Visiga - Kibaha Has Title Deed No.7828012,200/= SQM
0756 359529/0754 3665310754 013550/ 0767 010854
Visiga - Kibaha Has Title Deed No.783108,907= SQM
0756 359529/0754 3665310754 013550/ 0767 010854
Plots for sale at Kigamboni,mwasonga-kichangani,
25km from ferry. (price are negotiable.
SALE
mbweni
3 Bedroom house, 2 Bathrooms,a servant quarter, a simple nice garden.
0783 989 118
RENT 800,000/=
3 Bedrooms, 2 Bathrooms, Garage, Ac, 4000 litres water tank.
0654 062 835/ 0654 062 984
kibaha visiga
SALE
kigamboni
SALE 12,000/=Tsh/m2
ubungo kibangu
3 Bedroom, 2 Bathroomsbehind Mzee wa Upako Church
0657 376496
SALE 150,000
gezaulo
le
636SQMGezaulole Temeke Municipality,
0715913814 / 0784913814
SALE 15m
mwenge
3 bedrooms house, servant quarter,garage has aluminium doors andwindows suitable for an office.
0713 228931
RENT 1,000
ada estat
e-arusha
3 bedroom and An auxiliary building,servant quarters
0786259854/0767259854
RENT 150m
goba- dsm
Four bedrooms, next to St . Joseph millennium secondary school
0767264900
RENT $2,200
LIST YOUR PROPERTY HERE FOR ONLYTSHS 30,000/= VAT EXCL.simply call 0767 200 202
RENT $1000
mwanza
teget
a
sale
mbezi b
each
RENT $1,500
RENT $1000
mikochen
i B
SALE 100m
kisarawe
sale 800m
arusha sakina
mikocheni B
RENT $650
Darproperty Mortgage is a mortgage brokerage services offered by DarProperty Tanzania.The service is offered in partership with Local and International mortgage lenders,
to ensure seamless process from the mortgage Loan application to closing.
For Details [email protected]
32 The DarProperty August 2014
NAIROBI+254 728 99 25 31 +254 720 35 34 37
TANZANIA+255 784 23 89 62+255 688 75 18 68
BOOK YOUR SPACE NOW:
inNAIROBI
chokoleinvestmentl i m i t e d
T h e U l t i m at e O u t d o o r S o l u t i o n s
Mikocheni, Garden Road, Dar es Salaam, Tanzania.+255 786 924373, +255 658 924 373
Worry Free - Money BackGUAR ANTEE
P R O F E S S I O N A L
Designers & Installers of:
Car Shades, Gazebo
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NAIROBI Kenya’s mortgage lender Housing Finance Group plans to open more branches in the other East Africa Community (EAC) Member states by end of 2016.The firm’s Managing Director Frank Ireri (Pictured) told Xinhua in Nairobi that the East Africa Community has a huge housing deficit.We are planning on venturing into the other East African nations depending on the opportunities so as help bridge the housing deficit,,” Ireri said when the firm announced
its financial results for the 2013.Currently, the firm only has branches in Kenya. The firm’s profit after tax grew by 33 percent as it jumped from 8.6 million U. S dollars in 2012 to 11.53 million dollars.The group’s profit before tax grew to 17.1 million dollars up from 10.5 million dollar, a 63percent increase. “The key driver of the growth was increased income from our subsidiaries” Ireri saidSubsidiaries including the Kenya building Society and the housing finance Insurance agency contributed 18 percent of the profit
in the financial year. This is in sharp contrast to 2012 when they contributed only one percent of income.“The target is that they contributed at least 30 percent of the profit by 2016” he said. Ireri said that the performance in 2013 was affected by the general elections.“The anxiety around the elections affected investments in the first half of 2013,” he said“However the business benefited from the stable interest rates,” he said.
Kenya’s Housing Finance to open branches in EAC by 2016
The MD noted that Housing finance hopes to achieve business growth through increased footprint and service delivery that will be powered by appropriate channels.He added that the firm will also enter into joint ventures with county development authorities, “we also hope to take advantage of the property opportunities that will be create in the oil, gas and mining sectors,” he said.The firm also plans to accelerate market research in alternative building technology.“This will help in the development of more low income housing units where demand is greatest,” he saidAccording to the 2013 financial results, the group’s borrowed funds increase from 139 million dollars to 166 million dollars primarily due to loans from international firms.“We received 20 million dollars from the
international finance Corporation and 8.3 million dollars from the Ghana International Bank,” Ireri said. The Capital Market Authority also approved a 231 million dollars Medium Term Notes in 2013.We are currently studying the market with a view to determining when to take the bond to market,” he said.Housing Finance has a 30 percent market share on the mortgage market and was responsible for approximately 20 percent of all credit lent to the property sector.Housing Finance Business Operations Director Timothy Gitonga said his firm will continue to focus on new business lines in order to deliver sustained future growth.“The upgrading to a new core banking system is also on track and we expect the system to go live by mid 2014,” he said.Gitonga said that non-performing loan book increased to 26.2 million dollars up
from 18.6 million dollars due to a change of laws particularly those contained in the new Land Act.“It was also caused by the introduction of Central Bank of Kenya’s prudential guidelines regarding multiple mortgage facilities,” he saidIn the financial year under review total interest income grew to 63 million dollars from 58 million dollars while interest expenses dropped to 33.3 million dollars up from36 million dollars.The director added that the cost of deposition in 2013 were lower as a result of Central Bank’s decision to keep the benchmark interest rate unchanged for more than two years at 8.5 percent. The directors have declared a dividend of two dollars per share up from 1.6 dollars in 2012
The Guardian Tanzania.
“We are planning on venturing into the other East African nations depending on the opportunities so as help bridge the housing deficit,,”
Housing
40 The DarProperty August 2014
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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].
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SKYMARK REALITIES LTDZanaki st. - Alimanga bldgTel: +255 22 2 134422/33
Tanganyika Estate AgentsVillage Walk, close to Sea Cliff Hotel+255 717 032 [email protected]
TRELD COMPANY LTDP.O BOX 7656 Dar es SalaamLocation Msasani Peninsular off toure drive+255 732 222 888, +255 716 777 [email protected]
ARUSHA AWESOME HOMES AND PROPERTIES. Shanti House,Plot 58 Block E Sokoine RoadP. O. Box 249 Arusha, [email protected]+255 754 337 899 / +255 786 337 899
HOMES & PROPERTY AGENCIES LTDLand Surveyors & Property ManagersP. O.Box 10079 ArushaBoma Rd. Arusha0787 [email protected]
TANGANYIKA ESTATE AGENTSShoprite Complex,+255 785 984 467 [email protected]
ZIPO HOMESRivergardens Business Park, Rm 4P.O Box 20 Usa River, Arusha+255 787 474 580/+ 255 754 320 [email protected]
MWANZAESTATEMwanzaestate.com+255 714 245 [email protected]
Zanzibar - properties.comTel: +255 774 44 19 07Hotel Marine - Malindi Zanzibar
ABLA ESTATE DEVELOPERS & AGENCY CO.LTDMikocheni Opposite Shoppers PlazaP.O BOX 3810, Dar es SalaamTel +255 22 2772506E-mail: [email protected]
+255 755 181 222 www.bryanstonproperties.co.tz [email protected]
GIMCO ESTATE AGENCY LTDSamora Ave, NIC Investment Hse,P.O BOX 8382 Dar es salaam Tel +255 22 2120988Mob +255-784 900041
GOLDBERG COMPANY LTDReal Estate & Mining TradeP.O. Box 22159 Dar es SalaamOld Bagamoyo Rd, Mikocheni B,0715 270 517 / 0754 270 [email protected]. goldbergtz.com
HAMPTONS PROPERTIES TZHaidery plaza - 1st floorupanga/kisutu streetP.O.BOX 6547 [email protected],[email protected] 204083/ 0784 323133
NEW DAY PROPERTY AGENCY COMPANYMwinyijuma Road - Kinondoni,Room no.84, UVCC Complex+255 753 645 434, +255 717 035 552+255 767 575 758www.facebook.com/ raymond samson Laizer
KEY REAL ESTATE SOLUTIONSRegent Chwaku North UrsinoTel: +255 22 27016740715 053 803, 0786 053 803,0754 28 46 84mariam@keyrealestatesolutionstz.comwww.keyrealestatesolutionstz.com
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ARUSHAPLOT FOR SALE
KAHAMANeighbourhood:
Catholic DiocesePine Ridge Hotel
Official Government ResidencesPolice Line
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ABC ATTORNEY...................................26&27
AFRICAN VILLAGE ESTATE...........................17
AKIBA COMMERCIAL BANK.............18,19 3
ARUSHA AWESOME HOMES...................6
ATIK...............................................................7
AXIS REAL ESTATE KENYA.............1,34,35
BOA BANK TANZANIA................1 20 &21
BRAYNSTONE PROPERTIES....................24
CITY HOMES...............................................37
CHOKOLE................................................32
DAVIS & SHIRTLIF..................................25
DIPLOMAT HOUSE................................13
EXIM BANK TANZANIA.........................1
GALAXY ESTATE MANAGEMENT..........12
HUNTLEY PLAZA.........................................14
JAMII FORUMS.......................................36
LIFEMATE................................................20
MASUMIN......................................22
MAWENI ECO VILLAGE.............................10
MLEBUSI.......................................................41
NEVADA GOLDEN COINS........1,5,11,21,43
SPIK N SPAN.....................................................29
STANBIC BANK TANZANIA.................................2
SISORE TRAVEL.........................................27
TANGANYIKA ESTATE AGENTS.....................8,9
TATU CITY..........................................................15
TBS...............................................................16
TEREX.....................................................................25
VISION FURNITURE............................................23
VITRA..............................................................3&44
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Diamond Plaza is a newly developed commercial building located in the business hub of Dar es
Salaam, conveniently situated on Mirambo Street intersecting with Samora Avenue. The modern
executive offices and shops have completed ceilings and floors, as well as Central Air-conditioning
system.
Diamond Plaza is the ideal location for your new office, with the best view. It is in close proximity to
Serena Hotel Dar Es Salaam, City Centre, and Government offices. The property offers many
well-known brands including KFC Restaurant, New York donuts, Subway, black tomato as well as a
supermarket and many multi-national offices.
DIAMOND PLAZANOW RENTING
For rental enquiries please contact:Cell: +255 (0) 689 578 785
Email: [email protected]
