HOME ISSN 1821-8520
of PROPERTIES Tanzania
ISSUE No 57 April 2017 Tsh. 5,000/=
BEST DEALS Properties for Sale or Rent
Home Construction Loan-100% financing
Home Loan Guide
VAT Removal on Real Estate
From The Editor
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hold you all in great honor and take this space, to, once again welcome you to a further edition of Prime Location - Home of properties.
As you are aware, the orbit of this magazine is related to development, construction and prospects in the real estate industry of Tanzania and also carries events and news relevant to the sector in form of articles. Being a monthly magazine we bring to our readers a unique package of information, analysis and opinions, providing them with an all-encompassing perspective of activities affecting the property industry. We interact with local professionals, property developers, property managers, banks, real estate agents and other key players of the accordant industry to bring out the facts and trends influencing the property market. The good news is that Prime Location has now spread its wings to the capital city of Dodoma making Prime Location - Home of properties easily accessible to all the members of parliament and the local professionals of the city of Dodoma. As our channel of distribution continues to grow and touch base in various cities in Tanzania, we are incredibly thankful to our esteemed clients for having trust in us and continue to welcome them on our upcoming editions. Your support and inputs mean SO MUCH to us!
Sakina Shabbir Manji
Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.
As we move along to this edition, I would like to acknowledge the fact that despite the real estate market having a slow start this year, we are able to see a ray of hope emerging as the market begins to stabilize with different players of the industry joining hands to reach successful summits, together. On page 12 we have an article by BOA bank on how their mortgage products and services will transform your dream of owning a home to a reality. On another note, we have come to realize that magazines about design can serve as a little guide to crafting your own world. All of which makes me glad that we decided, last month, to introduce an interior design segment in our magazine. On page 08 we have a wonderful article on design by Teresa Fisher, a Space planner and Interior designer at Mizani Interiors. With Africa growing rapidly and with great diversity, we did not have to look too far for our international segment, this time. The recent announcement by Ghana had our heads turning in awe as we hear they have decided to scrap off their VAT on real estate costs. Read all about it on page 24. Lastly, with numerous interesting articles, we have lots and lots of properties for lease and sale. Your next home could be one of the ones inside! Keep flipping, Reading and Living!
Signing Off.
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PRIME LOCATION TEAM Managing Director EMILLIAN RWEJUNA Magazine Manager SAKINA SHABBIR MANJI Editor SAKINA SHABBIR MANJI Design & Layout DAUDI MWAIBULA Sales & Marketing SOPHIA GEORGE MIRAJI M. MIRAJI Revenue & Admin Manager BROWN MAKELELE Real Estate DIANA CHARLES Distribution NATHAN J. KASEKWA Published & Distributed by Prime Location Investments Limited, P. O. Box 34683, Dar Es Salam, Tanzania Tel: +255 767 711120 pli@primelocationtz.com www.primelocationtz.com All rights reserved. While every care has been taken in the preparation of this publication, the publishers can accept no liability for any errors or omissions that may occur. This publication is the exclusive property of the publishers and no part of the contents may be reproduced in any form prior written permission of the publishers.
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A VISIM W I A AJ
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WACHIM B
Tanzania Real Esatate Golden Moment
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FEATURES
BEST DEALS Properties for Sale or Rent
Interior Solutions
By Order or by Design? Pg 08
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HOME CONSTRUCTION LOAN BANK OF AFRICA (BOA) - LEADING THE WAY pg 12&13
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Your premier Real Estate magazine
NOW AVAILABLE IN DODOMA BORROWING A LEAF FROM GHANA PG 24 6
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Interior Solutions
By Order or by Design? Interior designing and decorating is borne of artistic visions, which translates into a solution that fits the client’s mandate and budget… that simple!
Discovery Meeting
Design is a ‘pre-action’ task including much vision and planning to provide a flawless outcome. If executed correctly there should be no unwelcome or unexpected surprises, what you have seen and agreed to, is what you have gained.
A discovery meeting is required at onset for the designer to get a feel for what you need from them, this information will help them make decisions like: if they are qualified for the job at hand, are they able to meet your expectations and assess the timeline requested.
By no means is the meeting steered by the designer… this also gives you the opportunity to assess their past projects and ascertain if they are the right designer for you. Your designer will provide you with a mood or sample board along with a presentation of images, floor plans and elevations to assist you in understanding their vision and at that same time give you an estimated budget that includes their fees. In most cases a fee deposit is required prior to handover of the sample board, as they will spend some time in providing you a custom solution.
Visual aids in the form of swatches, props and images including drawings will ultimately assist you to make informed decisions weighed by limitations and scope of your requirements and will also give you the option to choose between materials and not be forsaken to accept “Hobson’s choice” which is essentially no choice at all.
Isn’t this outcome what we all want in the end?
Presentation of sample boards The improving landscape of “procure-ability” or choice of materials and goods in Tanzania is a blessing and adds to the diversity of our surroundings and comfort. Thus saying, your designer should be up to date and aware of all solutions, industry standards and cost ranges - to provide you with the best options.
Signing off on the floor plans and design is the key to unlocking your project… now let the fun and games begin! You the client may now present the design to contractors to provide you with their best service costs.
Choose a contractor based upon the following:
• Previous projects - ask for a image portfolio of their past work along with references from their clients • Budgets presented • Timeline offered • Availability
• Confirmation of a dedicated Project Manager - this person will be your point of contact at all times Continue to watch this space for more on achievable solutions, case studies and building “Tanzanian brand” galleries of design Written and envisioned by Teresa Fisher Space Planner and Interior designer at Mizani Interiors – Masaki. Check out our services and interior products contact design@pmgroup.co.tz
ALNOOR APARTMENTS UPANGA MINDU STREET
FOR SALE
Amenities • 3 Bedroom ( with 2 Master ) • 1 Workers Living Quarter • Modern Ceiling Designs • 4 Balconies • Aluminium Windows • Modern Spacious Bathrooms • Jacuzzi • Kitchen • 3 Lifts • Backup Water System • 24 hrs Security & Parking Space
For equiries call: 0623 959 132 / Email: alraisdevelopment@gmail.com P.O. Box 16322, Dar es salaam Tanzania
HOME CONSTRUCTION LOAN BANK OF AFRICA (BOA) - LEADING THE WAY
By Staff reporter Wezesha Home Loan making mortgage a reality It is a dream for every family to own a decent home but sometimes how to get the funding is a very tricky issue that baffles prospective home owners. Mortgage is seen as one way through which people can own homes but this too sometimes come with its headache, either it becomes just too tedious plus plenty of strings attached or the interest rates are just way too high. But this could all be something of yesterday as Bank of Africa Tanzania (BOA) has come up with a financial solution that will have all mortgage seekers smiling with a new product on the market.
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Speaking to Prime Location Magazine BOA Tanzania’s Marketing manager Mr. Bisheko Muganyizi said it feels like a breath of fresh air in the mortgage industry as it is a different home loan where financing is advanced to the borrower to enable them construct a residential property. The Bank’s home construction scheme is billed to offer solutions to challenges facing Tanzanians in building their own homes. The WEZESHA, a mortgage solution, expects to cater for the home construction needs of many Tanzanians in an environment under which it usually takes up to 10 -15 years to put up a simple family house.
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As the population is getting more access to surveyed land, it increases the opportunity for the Bank to offer its unprecedented home construction solution to many Tanzanians. The types of Houses to be built under WEZESHA Loan includes brick houses and pre-fabricated houses, with the simple criteria of just having a title for the land on which the property is to be developed. According to available data, the country faces an acute shortage of 3,000,000 houses, with the demand growing at an annual rate of one per cent monthly. The Bank offers 100% financing to make getting a home construction loan more
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affordable, quite unlike the other products which are available on the market where the mortgage seeker is required to deposit a certain amount upfront before the loan is processed. A lot of the time, especially for the first timers, saving up enough money for a down payment can be one of the most difficult steps in constructing a home. It is used to be despite having strong creditworthiness and stable income. Now with “WEZESHA” It is not therefore a hurdle that would cause the delay of owning a dream home, saving for another 2 to 5 years of the initial deposit since it is 100% financed. To qualify for the home construction loan, a customer will have to choose contractor to build the house among preferred contractors who were selected by BANK OF AFRICA. The home construction loan will be disbursed in phases such as foundation, lintel, roofing and finishing. And the money will be disbursed to the contractor’s account in BANK OF AFRICA for the project. After completion of each phase, Quantity surveyor report will be submitted and analyzes before the disbursement of the following loan phase. The bank says the product is available to salaried individuals in both Public and Private sectors, whereby the bank finances up to 100 per cent of the construction value with payment tenure of up to 25 years leading to an added piece of mind to the customer.
Required documents for mortgage application 1. Title of the land 2. BOQ report and Quantity Survey Report 3. Building permit from requisite authorities 4. Application letter with deposit slip of application fees 5. Evidence of 10% contribution /collateral indemnity/Pension backed mortgage agreement. 6. Employers letter of comfort to remit the salary during the period of the loan 7. Valuation report of the land 8. Marriage certificate if it’s joint application 9. 12 months bank statement - new customer, 10. 6 months bank statement - existing customer 11. Duly filled loan application form
BANK OF AFRICA - TANZANIA is part of the GROUP BANK OF AFRICA, which now operates through a network of commercial banks in 18 counties namely; Benin, Burkina Faso, Burundi, Cote d’ivoire, Djibouti, DRC, Ethiopia, France, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Togo and Uganda. The GROUP BANK OF AFRICA has its’ headquarters in Dakar, Senegal with a strong network of more than 500 dedicated operating and service support offices. Since 2010, the BANK OF AFRICA Group
has been majority-owned by BMCE Bank, the second largest private bank in Morocco. BMCE Bank brings strong strategic and operational support to the BANK OF AFRICA Group, as well as direct access to the international market as a result of its presence in Europe and Asia. The Bank began operations in Tanzania in June 2007 after acquiring Euroafrican Bank which had been operating in Tanzania since September 1995. The idea of the founders of BANK OF AFRICA was to create a truly unique, profitable PAN-AFRICAN bank that embodies the essence of many of our founding fathers on the continent. At the time of acquisition, the Bank had 3 branches. Currently the Bank here in Tanzania has a network of 27 branches; 14 in Dar es Salaam and 13 upcountry (Arusha, Babati, Dodoma, Kahama, Moshi, Mtwara, Mwanza, Morogoro, Mbeya,Tunduma and one in Unguja, Zanzibar). In year 2011, the Bank launched its multifaceted HOME FINANCE product that rages from Home Purchase, Equity release and Home improvement. Over TZS 10.4 billion has already been disbursed since its launch. To support this product, the Bank also provides financing to Real Estate developers to increase the supply of decent houses in the market whiles at the same time providing the mortgages to enable individuals to buy the houses.
2 BEDROOM APARTMENT FOR RENT – MIKOCHENI Beautiful fully furnished 2 bedroom apartment located in Mikocheni along Mwai Kibaki road, with less than 5 mins walking distance to the beach. This lovely apartment offers easy and convenient access to all major places including shopping malls (shoppers plaza and Mayfair plaza), Academy schools, TMJ Hospital, high end restaurants and famous beaches ( Mbalamwezi and Azura Beach hotels).
Features and Amenities:
• 2 bedroom( one en- suite) • Spacious living room and dining room • Closed modern kitchen • Extra washroom • Beautiful greenery garden • Swimming pool • Gym • Standby Generator • 24hour security • Ample parking space Available for short and Long term
RENT: USD 1200
Tell: 0767 711120 / 0714 031906 Email: sales@primelocationtz.com
FULLY FURNISHED 3 BEDROOM APARTMENTS FOR RENT – UPANGA Ready to move in fully furnished 3 bedroom apartment for rent located in Upanga, conveniently located near all prime areas. It offers relaxed atmosphere and a beautiful sea view.
Features and Amenities:
• 3 bedrooms (all self contained ) • Extra bathroom • Spacious living and dining room • Spacious and modern cabinatted kitchen • Balcony • Swimming pool • Gym • Generator • One parking slot • Excellent 24hours security • Electronic entrance gate • CCTV
RENT: USD 1300
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BEAUTIFUL 3 BEDROOM APARTMENTS FOR RENT OR SALE
Spacious and modern 3 bedroom apartments situated in a quiet and secure neighborhood of Mbezi Beach, less than 5 minutes drive to the beach. This beautiful apartment offers easy and convenient access to all major places including shopping malls and recreational places. Features and Amenities:
JANGWANI SEA BREEZE (MBEZI BEACH)
RENT: USD 600 all inclusive (Unfurnished) Selling price on inquiry.
• 3 bedrooms plus extra room (for office or maid) • All rooms including the small one are self contained • Living room • Kitchen and dining room • 24hours security • Swimming pool • GYM • Backup generator • Car parking
Tell: 0767 711120 / 0714 031906 Email: sales@primelocationtz.com
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2 BEDROOM APARTMENTS FOR RENT – MBEZI BEACH A fully furnished 5-bedroom Villa in Mbezi beach (Jangwani beach) in a modern designed compound offering easy and convenient access to all beach hotels including White Sands hotel, Ramada Hotel and others . It is a walking distance to the beach. Features and Amenities: • 3 self-contained bedrooms, 2 standard bedrooms • Guest washroom • Spacious sitting, Dining rooms • Modern kitchen. • Gym & Swimming pool • Ample parking space • Backup Generator • DStv & Wi-Fi in all rooms
RENT: USD 500 UNFURNISHED
Tell: 0752 536 599 / 0714 031906 Email: sales@primelocationtz.com
3 BEDROOM APARTMENTS FOR RENT- KINONDONI Environment conscious and spacious, these brand new 3 bedroom apartments are located in Kinondoni area. It offers a spectacular view of the sunrise, sunset and the city below. These lovely apartments has swimming pool, gym, parking and 24 hour security services, free Wi-Fi and a backup generator making it a perfect home and relaxation area as well
RENT: USD 800 UNFURNISHED Tell: 0767 711 120 / 0714 031 906
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APARTMENTS
FOR SALE
ALRAIS DEVELOPMENT
Location: Mindu Street, Upanga, Dar es salaam
Amenities
○ 3 Bedroom ( 2 Master ) ○ 1 Workers Living Quarter ○ Modern Ceiling Designs ○ Balconies ○ Modern Spacious Bathrooms Jacuzzi ○ Modern Kitchen ○ 3 Lifts ○ Backup Water System ○ 24 hrs Security
+255 623 959 132
Tel: +255 623 959 132
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BORROWING A LE VAT REMOVAL ON
By Our Staff
“It’s good news. That has been what we wanted in the past. Our argument has been that, if you look at the housing fee, I don’t think introducing additional taxes was the best to go” - Samuel Amegayibor
H
ousing deficits in most African countries remain a critical issue that most governments are struggling with as an attempt to raise the standards of living of their people. But as provision of low cost affordable housing tops the agenda of most governments across Africa, it remains a pipeline dream as most governments continue to charge Value Added Tax on properties. This means that developers have to transfer the costs onto their prospective buyers leading to high prices that become a hindrance to many middle income buyers. The recent announcement by Ghana that it was scrapping off VAT on the cost of real estate has been the toast of the industry as many think there is just so much that African countries can copy from the West African country.
However, this did not only come as good news to Ghanaians only where the Ghana Real Estate Developers Association (GREDA) welcomed government’s decision to scrap VAT on cost of real estate, there was applause across the continent. GREDA had for some time now pushed for the tax to be removed as they described it as a nuisance levy. Expressing the association’s stand on the issue, the Executive Secretary of GREDA Samuel Amegayibor said the move will create more opportunities for the housing sector. “It’s good news. That has been what we wanted in the past. Our argument has been that, if you look at the housing fee, I don’t think introducing additional taxes was the best to go,” he
EAF FROM GHANA REAL ESTATE
said adding that it will positively impact on Ghana’s housing industry in the long term.
housing and one of the areas that most developers have cited in their proposals across the continent VAT.
The Ghanaian case seems to be a source of relief to other parts of Africa who think there is more that the rest of the continent can learn from Accra.
The Sub Saharan region has experienced phenomenal population growth since the start of the 20th century, and the United Nations projects that this growth will continue increasing.
Many of pundits who commented on the move say that by governments committing to creating a conducive environment for the housing sector, the industry can help provide affordable housing to most African people if the composition of its cost of production is reduced. They believe that the housing deficit calls for certain incentives to drive the private sector to participate in providing
The increasing population figures continue to pose a housing challenge for these countries, as many metropolitan areas of this developing region lacks housing infrastructure and some rural regions lack housing altogether. All these statistics and numbers have a very real and clear implication for hous-
ing and they paint a very simple picture: on the one hand you have a young and vibrant workforce coming into its own against the backdrop of too few houses, on the other hand you have droves of new city dwellers who cannot afford or find decent affordable housing, creating new slums. The population boom, rapid urbanization and housing deficits across the continent is a three-dimensional problem with the same end: crisis. This in the eyes of the pundits can be diverted with some government intervention with the right taxation policies that can accelerate growth in the real estate sector.
Utilities - As per usage
LUXURIOUS APARTMENTS AND OFFICE SPACE FOR RENT
Phone Contact:
0782 332 704
RESIDENTIAL
Location:Mwaya Road Masaki & residency Lane, Apartment: Luxuriously furnished Two Bedrooms
COMMERCIAL
Amenities: 24x7 power back & security, pool, gym. Community Centre, Rent:Starting from $1800 per month. Service charges- $200 + VAT per month. Utilities as per usage
Location: Bains Singh Avenue, Masaki Office space Area ranging from: 214 sqm to 640 sqm. Rent: $16/SQM + VAT per month. Service Charges $2/SQM + VAT per month. Utilities as per usage
Contact: Tel: 0798 814 343 | +255 22 2 2600 0 000 Email: property@mactz.com
FULLY FURNISHED 3 BEDROOM APARTMENT FOR RENT – SEA VIEW Spacious fully furnished three bedroom apartment located at the heart of the city, it is easily accessible to the city center. This beautiful apartment offers 3 bedrooms ( 2 en suite ), spacious living and dining room, spacious modern kitchen comes with all appliances ,extra bathroom and laundry area , Other amenities include 24 hour security , generator and a parking area.
RENT: USD 500 UNFURNISHED
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ALNOOR APARTMENTS UPANGA MINDU STREET
R O F E L SA
Amenities
3 Bedroom ( with 2 Master ) | 1 Workers Living Quarter Modern Ceiling Designs | 4 Balconies | Aluminium Windows Modern Spacious Bathrooms | Jacuzzi | Kitchen | 3 Lifts Backup Water System | 24 hrs Security & Parking Space For equiries call: 0623 959 132 / Email: alraisdevelopment@gmail.com P.O. Box 16322, Dar es salaam Tanzania 28
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BRAND NEW 4 BEDROOM VILLAS FOR RENT.
This beautiful and spacious unfurnished villas are located in the heart of Masaki, with convenient access to all key areas in Masaki and Oysterbay such as International School of Tanganyika(IST). Hotels, recreational, shopping malls ,hospitals etc.
Features and Amenities:
RENT ON INQUIRY
○ 4 Bedrooms ( 2 en suite ) ○ Spacious living and dining room ○ Spacious and modern kitchen ○ Wooden floor ○ Pantry room ○ Balconies ○ Standby generator ○ Ample parking space ○ 10,000 liter water reserved tank for each villa ○ 24hrs security with CCTV camera
4 BEDROOM VILLA FOR RENT – MASAKI Modernized family home located in the heart of Masaki, close to all major places such as English academic schools, high end restaurant, fitness club (colosseum ), hospital and recreational places. This exquisite home with excellent finishes comprise of the following features and amenities
Features and amenities: ○ ○ ○ ○ ○ ○ ○
0752 / 0714 Prime Location493756 - Home of Properties 32Tel:
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4 Bedrooms ( 3 en suite) Spacious living and dining rooms Pantry room 2 modern spacious kitchen Standby generator 24hrs security with CCTV camera Swimming pool
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Easter Indoor Décor Tips Prime steps to making your home glamourous this Easter By Sakina Shabbir Manji
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f you're anything like us, Easter really crept up this year! Where did the entire month of March go?! But just because we weren't totally prepared for a big Easter Sunday celebration doesn't mean we can't still throw a totally adorable fête.
The infamous floating Flower Wall
Easter's pretty easy to decorate for. Think about it -- the theme happens to be full of stuff we probably already have around the house: eggs, chocolates, flowers (our garden is in bloom, is yours?), you know the drill.
Make a watercolor egg wreath with your kids as a fun project this Easter. Not only is it a great activity, but it transforms your home into pretty party!
So, for our favourite readers to be able to throw together the perfect last-minute Easter event, we came brought in a little lifestyle tip. Read along easy Easter decor ideas below!
Hosting an Easter brunch this year? Set out the food on a table or counter in front of a floating flower wall, which will make any occasion feel springy and festive!
Easy Easter Mantle
An Easter Gathering Tablescape
Set a beautiful Easter table with little birds' nests, chocolate bunnies and more!
DIY – Cheap yet magnificent Easter Bunny Gift Bags No
need to spend money on baskets when you can make your own adorable bunny-shaped bags!
Keep it Simple but alive in Florals
Nothing says spring like fresh flowers, and sometimes that's all you need to get in the mood for Easter! Don't fret about going all out with your home decor this year, just use fresh flowers to infuse your home with life
Happy Easter
A GUIDE TO UNDERTSANDING HOME LOAN By Emillian Rwejuna Loans serve as an essential part of our economy. For all but the wealthiest of individuals, loans are the path to home ownership. After all, not a lot of people have the kind of money to buy a home in cash Loans can be tricky to understand, with their own set of terminologies. But for those who are intimidated at the thought of owing large sums of money to a bank, a better way to think of a loan is that it simply serves as a bridge between your future income and the money you need today. The cost of being able to get that future income sooner is charged in interest. If most individuals waited until they had enough money to buy a home outright, lots of people wouldn’t be able to afford a
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home until later in their lives. In that sense, a home loan lets you enjoy the benefits of having your own home much earlier in your life.
How much can I afford, and how do I know if I can qualify? A good place to start in figuring out how much you can afford is to look at your income. Banks consider your cash flow and approve based on this. Combine your income with your spouse if you are married, and that number serves as total income for banks to base on calculating your loan limit. Banks typically approve home loans when the monthly payments for the loan do not exceed 40% of your monthly total income.
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This ensures that the financial burden of making each payment isn’t too great.
How do I figure out the monthly payments? Once you have an idea of the kind of home you want, a great way to figure out whether the payments fit within the 40% rule is to consult your banker or use online tools i.e. calculator though the online tools might not be accurate. Your banker will guide you on how to tweak the amounts you’d like to pay as down payment and also the term of the loan. Longer terms mean lower monthly payments, which can help when the monthly payments take up too much of your monthly income. Note
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that in most cases longer terms mean greater interest rates, but some banks are flexible and considerable by giving you the option to change the term of the loan as you progress in life and have higher incomes, allowing you to complete the loan sooner.
How do the terms of the loan, the percentage of the down payment, and the interest rates affect my home loan? Majority of the banks if not all require a down payment as a starter to the loan. This amount is typically 10%-20% of the appraised value of the home. Once that down payment has been made, the rest of the loan is paid back in monthly installments, with interest added. Home loans can be repaid in as short as five years, all the way up to 20 years. The secret is finding the right balance between the term of the loan, and how much you can comfortably afford to pay each month. Bank loan officers can help you determine what this sweet spot is. Another thing to note: Interest rates for the term of the loan can either be fixed (meaning they stay the same for a certain duration – typi-
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cally one year, five years, or the entire duration of the loan), or can be reviewed after a number of years. Fixed interest rates can give you the peace of mind in knowing from the start how much the entire loan will cost. In exchange for this peace of mind, interest rates are locked in at slightly higher rates. On the other hand, interest rates can be allowed to adjust up or down as the market dictates.
How do I determine how much down payment I need to make? Down payments for properties are based on the appraised value, and banks only finance up to 80%-90% of the appraised value of a property. For brand new properties projects that are developed by reputable developers and are in strategic partnership with banks, the appraised value is the selling price, and you can compute down payment and monthly payments from quoted selling price. For properties that are individually owned or on sale for second time, the selling price and the appraised may not always be the same. What happens in this scenario is that banks make their own determination of what they think a property
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is worth through appointed bank valuer, and set down payment and terms according to that. So if a previous owner is selling a property for Tzs 200 million, but a bank appraises it at Tzs 170 million, the amount the bank would be willing to finance is 80% (Tzs 136 million). This leaves the difference (Tzs 34 million) for you, the buyer to shoulder. This works both ways: If a property is selling below what the bank appraises it, then you could also end up paying less than 20% of the selling price as a down payment. In an age of constantly increasing real estate prices, particularly in Dar es Salaam and other big cities, home loans are the practical way to home ownership. As rental rates go up, turning your monthly payments into home loan payments makes more financial sense. There are still a few more things that go into availing of a loan, but the best place to start is to meet with a loan officer from your bank. He/She is always armed with the latest interest rates, exact computations, and detailed knowledge of the process, your bank officer serves as important resource toward owning a home for you and your family.
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FULLY FURNISHED 3 BEDROOM APARTMENTS FOR RENT - UPANGA There are many apartments, but few deserve to be called “Home”. These are among the few for those looking for a home. They are primely located in Upanga near Diamond Jubilee hall. They are in the vicinity of city centre, Muhimbili hospital, International School of Tanganyika, Ocean road beach and with good neighborhood. They are very spacious and well maintained.
Features and Amenities:
• Spacious 3 en-suite bedroom • Spacious living and dining room • Kitchen and Laundry room • Public bathroom • Balconies • Swimming pool • Gym • Ample parking space • Beautiful sea view
RENT: USD 1500 - NEGOTIABLE Tell: 0767 711120 / 0714 031906 Email: sales@primelocationtz.com
3 BEDROOM APARTMENT FOR RENT-MASAKI This modernized 3 bedroom 4 bathroom ground floor apartment is located at a prestigious complex in Masaki with amenities like swimming pool, gym, backup generator, parking area and 24 hour security system. It is also fully furnished with top notch appliances including a washing machine, air condition, DSTV cable, 48 inch TV. With less than a km to the beach it provides the perfect atmosphere to go home to.
RENT: USD 1800 - NEGOTIABLE
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Tanzania Real Esatate Golden Moment
SKY VIEW APARTMENTS- MASAKI BRAND NEW, MODERN & FULLY FURNISHED
OFFER $1,554 per month Service charges and VAT Inclusive (for selected apts)
Amenities
○ Two spacious self contained bedrooms ○ Dining and living rooms ○ Modern open kitchen ○ Balconies Feauture
○ 24 hours security ○ Standby generator ○ Ample parking space ○ Visitors access control reception ○ Visitorsʼ waiting lounge ○ GYM ○ Dstv and other paid TV channels +255 754 711 120 / +255 714 031 906 sales@primelocationtz.com Prime Location - Home of Properties H A o 37
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3 BEDROOM VILLA FOR RENT -MASAKI This apartment is located in the heart of Masaki along the main road with easy access to all key areas in Masaki and Oysterbay such as International School of Tanganyika (IST), hotels, shopping malls, hospitals etc.
Features and Amenities:
• Secured car parking space • Swimming pool & Gym • 24 Hours Security • Backup generator • Garbage collection system • Maintenance • CCTV • Emergency - Fire, Paramedic & Ambulance Services
RENT: USD 3500 Tell: 0767 711120 / 0714 031906 Email: sales@primelocationtz.com
FULLY FURNISHED 3 BEDROOM APARTMENTS FOR RENT - UPANGA If you have been looking for a sea view home, here it is. Strategically located in a cool neighborhood with a no through road giving it limited access to its residences and their guests only. It’s bordered with mangrove trees on one side, giving it a wonderful feel during the night. It is near Salender Bridge less than 3kms from the city centre.Above all it is spacious and well maintained.
Features and Amenities:
• All 3 bedrooms are en-suite • Spacious living and dining room •Spacious kitchen • Laundry room • Extra bathroom • Balconies • Beautiful sea view
RENT: USD 1500 - NEGOTIABLE
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BRAND NEW LUXURIOUS AND COMFORTABLE 4 BEDROOM HOUSE FOR SALE
SELLING PRICE ON INQUIRY Situated in Mbezi beach less than 10 mins walking distance to the beach, in a modern designed compound offering easy and convenient access to all beach hotels including White Sand, Giraffe Hotel and others .
Features and Amenities:
• 4 bedrooms( all self contained ) • Spacious and well designed living room • Spacious modern kitchen and dining room • Extra bathroom • Swimming pool • Water reserved tank • Ample parking space to accommodate 4 cars • Beautiful greenery garden
Tel: 0714 353 599 / 0714 031906 Issue No. 57 April-2017
Email:Prime saciidmire@hotmail.com Location - Home of Properties
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THREE BEDROOMS BRAND NEW APARTMENT FOR SALE It comprises a spacious living area complemented by a master bedroom with a en suite bathroom with two other room sharing a common bathroom. It is on the sixth floor giving magnificent view of Mikocheni and Regent Estate as well as the sea view with undisrupted see breeze. The Victoria Palce project comprises of a blend of 2 and 3 bedrooms as well as 3 and 4 bedrooms Duplex apartments. All designed and equipped with modern facilities including state of the art finishing.
Amenities. • • • • •
3 swimming pools Gymnasium Clubhouse Kids playing area Security system
Tell: 0767 711120 / 0754 711120 Email: sales@primelocationtz.com
DOUBLE STOREY STANDALONE HOUSE FOR RENT IN MIKOCHENI Very strategically located beautiful and spacious 4 bedroom standalone double storey house in a 2000+sqm size compound in Mikoceni in the vicinity of Mwalimu Nyerere areas is availbe for rent. It is ideal for either commercial (office) or residential uses. Its parking inside the compound can accommodate up to 20 cars.In addition to thar, it has a two bedroom servant quarter.
RENT: USD 3500 Tell: 0767 711120 / 0754 711120 Email: sales@primelocationtz.com
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PROPERTY SHOP We are home of properties, offering properties of your choice within your budget
Buying | Renting | Selling Buying
Mortgage & Installment Payment
Renting Long term & Short term
You can visit our Property shop in Mikocheni near TMJ hospital for live selection or Online www.primelocationtz.com
PROPERTY OWNERS If you have a property and you are looking for a serious and professional real estate agent for quick sale or rent at a good price, look no further YOU HAVE GOT US.
Tel: +255767711120 | +255 714 031 906 Email: sales@primelocationtz.com Prime Location - Home of Properties Issue No. 57 April-2017 o Office Spaces
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Classified Property Ads 3 BEDROOM STANDALONE HOUSE FOR RENT – MIKOCHENI Rent: on Inquiry
Modern and newly renovated standalone house in Mikocheni B in the vicinity of good and secured neighborhood is ready for moving in. This well maintained and gorgeous house is perfectly positioned with a stylish living and dining room, a spacious kitchen with built in cupboards, granite counter tops and lots of space for all your appliances.
Other Features and Amenities:
• 3 bedrooms( all en- suite) • Pantry room • Laundry room • Public washroom • Paved compound • Automatic Lighting system • Ample parking space ( 3 cars)
HOUSE FOR RENT-UPANGA NEAR AGHAKHAN HOSPITAL
MAGNIFICENT FULLY FURNISED MANSION FOR RENT – MBEZI BEACH
Strategically located in Upanga with easy access to the main road making it ideal for office or family that prefer staying along the main road. Its neighborhood includes Aghakhan Hospital and NHC head office.
Features
• Three bedrooms (One en-suite with walking closet) • Dining and living room • Spacious kitchen • Ample parking space Ideal for office or residential uses
A beautiful fully furnished 3 bedroom Mansion situated in Mbezi Beach in a quiet and safe neighborhood. Boasts itself with 3 bedroom all en-suite, spacious living and dining room, balconies, spacious kitchen with modern designed cabinets. This spacious and amazing house is set in huge garden with green grass and a well - maintained swimming pool, this beautiful trees offering dappled shade to keep your family cool during the long hot summer days
List your property here for Tsh 30,000 /= only
Contact us at: Tell: 0767 711120 / 0714 031906 Email: sales@primelocationtz.com Web: www.primelocationtz.com
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Classified Property Ads
WANTED PROPERTY
VIWANJA VINAUZWA KIBAMBA-KILUVYA
Vimepimwa na vina hati. Umbali mfupi kutoka Barabara ya Morogoro
Bei kuanzia Tzs 8,000,000
Size 4,192 Sqm
Size 1,105 Sqm
Size 2,124 Sqm
2/3 Bedroom apartment needed for rent in Masaki, should be in good condition and well maintained.
LOOKING FOR A SPACIOUS AND WELL MAINTAINED STANDALONE HOUSE TO BUY IN MIKOCHENI, should be well maintained. Size : 500-800sqm Preferred area: should be from Warioba area to Regent Estate. A modern and spacious 4 bedroom apartment is wanted to buy in Masaki or Oysterbay. Should have modern facilities include swiming pool, GYM and elevetor. Plot to buy WANTED-MIKOCHENI Preferred areas, from Mikocheni Warioba area to Regent state.Size:800 sqm
Size 625 Sqm
Size 1,270 Sqm
Size 1,154 Sqm
Size 481 Sqm
Size 346 Sqm
Size 429 Sqm
Size 1,117 Sqm
Size 410 Sqm
Size 1,334 Sqm
Size 852 Sqm
Tel: 0754711120/0767711120 Email: sales@primelocationtz.com
7 BEDROOM HOUSE FOR RENT - MSASANI
FURNISHED OASIS VILLAS FOR RENT - MBEZI BEACH
It’s one of the amazing primely located 3 storey mansionnetes in the prime area of Msasani beach with the walking distance to the beach . It is designed with modern concept and facilities in a self spacious compound.
Beautiful and well designed double storey Villas in a gated compound in a prime area of Mbezi beach. About 500m from the tarmac road and 1Km to White sands hotel. Some are detached while others are standalone houses. Each villa contains three bedrooms (all rooms are upstairs.
Features And Amenties • 7 bedrooms (5 en-suite, 2 standard) • Public bathroom • Pantry • Servant quarter • Ample parking area It is ideal for big family or office uses.
Features and amenities:
• Three bedrooms (one en-suite) • Spacious dining and living room • Modern kitchen • Laundry area • Self garden • Barbeque kitchen • Ample parking space • 24 hours security • Greenery garden with palm trees • Generator
List your property here for Tsh 30,000 /= only
Contact us at: Tell: 0767 711120 / 0714 031906 Email: sales@primelocationtz.com Web: www.primelocationtz.com Issue No. 57 April-2017
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PRIME MINI DIRECTORY MOTOR VEHICLE INSURANCE Call: +255 769 927 665 Email: waltconsult@gmail.com
Tel: +255767711120 E: pli@primelocationtz.com
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Tel: +255 (22) 2600471 E: info@securitygrouptz.com
LIST YOUR BUSINESS Expatriates Assistance in Relocation to Tanzania. Real Estate and International Medical Insurance Options.
Cel: +255 767 704 909 email: info@expatconnect-int.com www.expatconnect-int.com
HERE
Tel: +255 767 711120/ E: advertise@ primelocationtz.com
OPTIMA AVIATION AND SECURITY COMPANY Tel: +255 754 829 536 / +255 715 426 767 Email: info@optima.co.tz
Tel: +255 22 270 09 77 or 22 277 2631 Cell: +255 784 555 995/6 Email wwmtz@wwm.co.tz
BOOK YOUR SPOT NOW LIST YOUR BUSINESS HERE Tel no
Tel: +255 767 711120/ E: advertise@primelocationtz.com
PROPERTY SHOP Selling, Letting and Marketing Tel: +255 767 711 120 | +255 754 711 120 | +255 714031 906 Email: sales@primelocationtz.com
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