Page 1

The

Dar Property

June - July 2012

A Monthly Property Guide Issue No 011 www.darproperty.co.tz

FRE E CFree OPY Copy

TM

ISSN 1821-7753

OCEAN PLAZA TOURE DRIVE

SOON FOR RENTING

Making Money In Residential Real Estate

The Darproperty magazine

Plans for better housing for all in right direction

March - April 2012 The DarProperty 3


Investing in Real Estate requires a good investment knowledge  but no one should over look the quality of the construction materials.  Savvy investors GO for TBS approved materials.  TBS offers standards and facility of material testing. For further Details

2 The DarProperty March - April 2012

Tanzania Bureau of Standards - TBS Ubungo, Morogoro Road / Sam Nujoma Rd. P.O. Box 9524, Dar es Salaam, Tanzania. Tel.: +255 22 245 0298 | +255 22 245 0206 Fax: +255 22 245 0959 E-mail: info@tbstz.org


for rent

Godown & Showroom @ Nyerere Road Next to Omar Packaging Ltd before Victoria Petrol Station n

Available along Nyerere road, Ample Parking 24 HRS Security Easy Access Standby Generator The Showroom is Ideal for Banks, Corporate Offices.

Contact +255 754 780 148 +255 715 622 344 rkchudasama@cats-net.com rkchudasama@hotmail.com May - June 2012

The DarProperty 3


Dar Property

TM

Tanzania’s Ultimate Property Guide.

Publisher Darproperty Tanzania

AVAILABLE FROM:

Managing Editor Rashid Msabaha Design & Layout Dennis Maunga

All Shopping Malls

dennis@darproperty.net

Village Supermarket

Marketing & Sales Michael Francis

Scholastica Book shops

michael@darproperty.net

All Novel Idea Book Shops

Distribution Boniface Metta

Premium Super Markets

Online Content Manager Mbwana Mbura

Airport Terminal 2 J. D. Pharmacies

Sales George Claus

Bundu shop - Southern sun

Office Admnistrator & Accounts Violeth Dickson

Oysterbay Shopping Center Slipway

Office Assistant. Brigita Laurance

Nakiete Pharmacy - Mwenge

Consultants The View Point Creative Marketing Solutions

Home Shopping Center Tanzania Investment Center (TIC) Renowned Hotels & Offices NHC - Head Quarter All Major Real Estate Agents Also Available Online

www.darproperty.co.tz

Download free scanner and scan here to interact with Darproperty

2 The DarProperty March - April 2012

Regulatory & Legal Advisors Nexus Associates- Attorneys at Law Mikocheni B - Bima road, P.O. Box 105499 Dar es Salaam +255 22 2461 447, +255 784 238 962 +255 688 751 868 info@darproperty.net Distribution Should you have problems in obtaining copies of DarProperty Magazine, please contact The ViewPoint Creative +255 717 696 457, +255 652 859 650 The Darproperty is published by Darproperty Tanzania Company. All rights reserved. c 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.

To advertise Call : +255 713 751 868, 784 238 962 sales@darproperty.net


10

Regent Estate Mikocheni - Behind Shoppers Plaza

0s qm Av - 8 ai 50 la bl sqm e

REGENT BUSINESS PARK

A prime location for your corporate address, located in the heart of Dar es Salaam's emerging business district. Surrounded by an array of corporate offices, NGOs. The business park has been designed to host and meet the business needs of established and upcoming firms in Tanzania.

Air conditions Office Lights Secure Parking

Kitchen Generator Toilet

Contact +255 713 582 427, +255 785 797492,+255 784 147 951 info@regentpark.co.tz


3 bedroom (all ensuite) fully furnished Cloakroom/guest bathroom Parking facilities available LAN internet 24 hour water provision

Backup generator Swimming Pool and Gym Garbage collection services 24 hour security


2 The DarProperty March - April 2012


Job Opportunities Sales Executives Darproperty Tanzania is a rapidly progressing company in real estate and media industry offering a unique service of property marketing and a proud publisher of the Darproperty Magazine and MLS www.darproperty.co.tz.

We are looking to hire 3 sales executives to fill in the vacancies immediately. • At least an ACSE certificate holder • Proficiency in oral and written English • Computer literacy i.e familiar with MS office tools • Ability to fit in a dynamic and demand working environment • Self motivated

Remunerations

Salary + commissions

Dar Property

TM

Tanzania’s Ultimate Property Guide.

What to include in your applications

• Cover letter • Academics certificates • C.V • Two recent coloured passport photographs All applications should be sent to the following address: General Manager Darproperty Tanzania. P.O BOX 105499. Mikocheni B. Bima road. Dar es salaam Deadline 11th August 2012, for further details you can

DarProperty Tanzania Co. The Publisher of The DarProperty Magazine & darproperty.co.tz has relocated its offices from Sinza Palestina to Mikocheni B, along Bima road. The relocation was necessitated by the need for more space, security, privacy & convenience to our esteemed clients.

contact us hr@darproperty.net *Darproperty is an equal opportunity employer, females are encouraged to apply June - July 2012

The DarProperty 11


Housing

Plans for better housing for all in right direction

S

ome months ago, a number of banks and Tanzanian, Kenyan and Ugandan finance, housing and lands ministries were represented at an historic meeting in Kampala called to deliberate on strategies to promote innovative financing for affordable housing. Also at the three-day meeting, jointly organised by the government of Uganda, the US Department of Housing and Urban Development and the Nairobi-based UNHabitat, were US government and UN officials. The plan was for delegates – among them civil servants, investors, and bankers – to share experiences and identify strategies to stimulate funding for affordable housing in East Africa and “close the wide gap between the availability of and demand for housing, particularly in rapidly urbanising areas”. Granted, it may be too early for anyone to expect the meeting to have resulted in noticeable or appreciable improvement in the state of housing in the region. But the UN agency warned as long ago as 2006 that the majority of people worldwide would be living in towns and cities by 2007 – for the first time in history, adding that the number of slum dwellers would hit 1 billion and that 2050 would see over 6 billion

12 June - July 2012 The DarProperty

people (two-thirds of humanity) living in towns and cities. Of particular relevance to Tanzania is that expert projects showed that a whole 93 per cent of urban growth would occur in Asia and Africa, and to a lesser extent Latin America and the Caribbean. As expected, both organisers and delegates spoke at great length and with characteristic emphasis on the central role of housing in the alleviation or eradication of poverty. This is the scenario at a time when efforts to develop human settlements are getting increasingly fashionable across the globe, which should be good news to the homeless poor. Unfortunately, it is scarcely that much of good news! Meanwhile, Housing ministers from the five East African Community partner states – and South Sudan – are due to meet with private sector real estate players in Nairobi next month. The agenda: discussing strategies of attracting international capital and expanding housing supply in the region. Should things run as scheduled, we should soon see international investors and developed rushing into the region’s residential housing, commercial, industrial and agricultural sectors. Homeowners usually save more and may

be more patriotic and creditworthy, so our people must be empowered to meet the MDGs through improvement of infrastructure and reduction of housing construction costs. They should not perpetually languish in slums or forever remain squatters, renters or tenants. We know the government is keen on reviewing official policies and regulations so as to ease access to land for construction. In this respect, the national Property and Business Formalisation Programme (Mkurabita) comes readily to mind. We are informed of the government’s resolve to make mortgage finance and the regularisation of land and offer security of tenure centrepieces of its financial reforms. All excellent ideas – if they eventually translate into better housing for all our people. It is, admittedly, a very tall order. But it is a mission that must be accomplished, however costly it is and however long it takes, because access to decent housing is surely a basic human right. SOURCE: THE GUARDIAN 8th feb 2012


PLOTS FOR SALE @ MA BWE PANDE KINONDONI MUNICIPALITY DSM CITY

Tsh. 15,000/= per Square meter

Area range per plot 1500m2 - 2000m2

Contact: +255 715 262 159, 0754 262 159 PETROL STATION PLOT FOR SALE @ KINYEREZI

3500sqm

Price 150M/= 0656 216 899 0715 262 159 0719 521 855


FOR RENT OR SALE

$3000 pm Four Bedrooms Gym & Sauna Fully Furnished + DSTV Standby Generator Swimming Pool Ample Parking CONCORD TOWER CITY CENTER FOR RENT FULL FURNISHED 3 BEDROOMS 2 BATHROOMS BALCONY

India - Morogoro road junction


TMS INVESTMENT LTD MSASANI BEACH HOUSE FOR SALE 4900sqm

PLOT No. 837

$700,000

CALL 0754 468 875 0715 468 846 0786 468 875

Do you have a property related business? MORTGAGE LENDERS FENCING SECURITY ROOFING POOLS CURTAINS TILES

FURNISHES WATER TANKS GARDENING GENERATORS INTERIOR DESIGN All industry related products & services now have a direct link to the active consumer in the Real estate market

The DarProperty Call: +255 713 751 868, 784 238 962, 22 2461447. for all your advertising needs,


OCEAN PLAZA TOURE DRIVE SOON FOR RENTING

Plot no. 400 Toure Drive, over looking the Indian Ocean on the way to Sea Cliff Hotel. Ground floor area consist of 2 offices 450 sq mts & 430 sq mts. First floor area consist of 2 offices 461 sq mts & 472 sq mts. Second floor area consist of 2 offices 461 sq mts & 472 mts. Third floor Pentoffices consist of 2 offices 343 sq mts & 354 sq mts.

Plot No. 400, Toure Drive, DSM +255 (22) 260 2937/39, 0784 327 438, 0776 509 102 equatorent@yahoo.com, jcagura@yahoo.com

2 The DarProperty March - April 2012


AUTO

ENGINEERING

LIFE

Plot 727 / 408, 4th Floor, Mavuno House, Azikiwe Street, P.O. Box 25378 Dar es Salaam - Tanzania Tel: +255 22 2123055, Fax: +255 22 2123041,    Mobile: +255 715 287 005, +255 713 409 725 Email: jjpinsurancebrokers@yahoo.com


March - April 2012 The DarProperty 3


Exclusive Mbezi Beach House For Rent or Sale

Sundeep Chudasama  Mobile: +255 754780148  Kishor Chudasama Mobile: +255 713466066

Office: +255 222130601 Email: rkchudasama@catsnet.com

Sachin Chudasama Mobile: +255 752622344 Dhiren Chudasama Mobile: +255 715622344 

This is a two story house situated off  the main road near White Sands round about.  The house has ample park space, swimming pool with bar area and servants quarters.  Ground floor consists of  a large kitchen with attached store room, dinning room, living  room, an office room, downstairs bedroom and bathroom.  First floor has two master bedrooms with en-suite, a large bedroom, communal bathroom,  second living/reception room, with outside balcony and a second office.  Rooftop is open with a hard roof  cover, w/c and basin. It is spacious and has a spectacular  360 view. The house is fully furnished.


HOUSE FOR RENT OFFICE USE ONLY

Wall fenced

Adequate parking space

Suitable for companies dealing with port related business The premises are located at Mivinjeni along Kilwa Road 800 meters from Dar Es Salaam port

The compound covers a total area of approximately 3000sqmt


Making Money In Residential Real Estate

M

any excited real estate investors think they can get rich by using a bank loan to purchase and upgrade local fixeruppers. While investment opportunities in real estate may be better than alternatives like the more homogeneous stock market because the existence of small, local real estate markets that create inefficiencies investors can exploit, you’ll need to understand more than this to make money in residential real estate. To go from handyman to real estate tycoon, you must understand the market and the three key ingredients to strong real estate gains. Look for a Healthy National Market While experienced and astute real estate investors may be able to make some money in a weak national real estate environment, the odds are against them, and the odds of success for newer investors in such a market are even worse. Rising interest rates can throw a lot of cold water on an otherwise hot real estate market because those who have purchased real estate with adjustable rate mortgages have to pay more to keep it and those who don’t have real estate often can’t afford it. This leads to reduced demand for real estate, and prices fall accordingly. Thus, when starting to build your real estate portfolio, the ideal time is in a declining interest rate environment. Generally speaking, not only will your loan be less expensive, but demand is likely to be higher, barring a momentary credit crunch, which can be

22 The DarProperty June - July 2012

withstood by good capital management. Another desirable trait is a healthy gross domestic product (GDP), since this figure really speaks to the overall health of the economic system that supports the real estate market. In healthy GDP times, such as growth above 3% annually, it is rare to see significant real estate weaknesses.

Local unemployment data is often a leading indicator to the housing data. The smart investor looks to invest in a city that is exhibiting healthy unemployment trends and relatively strong HPA data. Hopefully, this is a city where you live and therefore have a strong grasp of the vagaries of the local marketplace and can easily manage the property. However, with sound management controls, it can be possible to invest successfully in other locations where quality management partners are available.

Lastly, unemployment-rate data is often the best leading indicator of market softness. If people see few prospects for income around where they live, they move. In turn, this greatly Find the Urban Sprawl Inflection Point Once you have found the ideal city for your reduces home price appreciation (HPA). desired investment, look for the urban sprawl hotspot. If you see the city expanding and can Choose a Specific Location If you find flat to falling interest rates, decent tolerate some risk, invest in real estate in the GDP growth and respectable unemployment outer perimeter. However, if the market looks rates in the national market, you can start ominous or vague, stick to the inner rings so looking for a desirable local market. Seek out that you have a buffer against reverse urban an area with relatively strong appreciation sprawl. potential relative to other markets. Well- Warning signs to stay away from the perimeter publicized data like the Case-Shiller Home include: material unemployment changes and/ Price Index and Bureau of Labor Statistics unemployment rates are excellent indicators into the future health of the top real estate markets.


Investment

or slowing economic growth in the local area. Or simply look at the underlying business health of the major employers in the area. If it is weak, layoffs are likely coming, which could start to suppress real estate values due to marginal labor supply attrition. If the business health of the area’s major employers is strong, the opposite is true.

demand balance disruption.

Understanding investing risk in different areas of the city is very similar to understanding how financial instruments generally behave. Think of the urban area of a city as investment-grade bonds, the first suburban ring as equities, and the outer ring as derivatives. Understanding where the urban sprawl inflection is occurring Real estate values can vary widely within in a city can bolster returns on the upside, or a metropolitan area. For example, if the protect investment on the downside. average HPA in a city is 5%, it may be 2% downtown, 6% in the first suburban ring and For fun, let us peel the onion one more 10% in the second suburban ring. The third layer to find the hottest areas. Suppose ring would likely be farmland with modest that you decide to invest in the perimeter HPA potential. Note the phenomenon here. since you see economic growth and growing Your most volatile real estate appreciation labor demand in the area. You could try to will happen in the outer ring adjacent to the anticipate stoplight location. That is where farmland because this is the outer cusp of the future commercial properties like suburban city. This location leverage is exploitable by strip malls will be built, and as residential real owning the edge in growth markets. Logically, estate development fills in around these future in a down market, you would want to be in strip malls, property values will likely jump the core. This is where the least depreciation significantly relative to average real estate is likely to occur since full housing markets returns. make this the least likely place for supply and

Conclusion The opportunity for above-average rates of return seems greater in the real estate realm than the financial instrument realm since because are fewer eyes looking at nonhomogenous units. In addition, knowing the local market produces investment advantage. A long-term or buy-and-hold strategy is better if you have ample capital and limited opportunities, while a short-term or flipping strategy would make more sense if you have tremendous insight into the sweet spots and limited capital. Regardless of your time frame, you should first look for a strong national market, then a region where publicized data shows decent HPA opportunity, and finally, play the urban sprawl perimeter if you believe the area is growing, or stay away from it if you think it is shrinking. Understanding these key points can help maximize value of any real estate portfolio. By. Dan Mongoose

23 The DarProperty June - July 2012


FOR SALE

FOR SALE

FOR SALE

TS671-KIGAMBONI GEZAULOLE NICE 3 ROOMED HOUSE, 2 WASHROOMS, PAVED COMPOUND, WELL FENCED TSH 250 M

TS669-MASAKI EXECUTIVE BRAND NEW 4 ROOMED APARTMENT, FURNISHED, POOL, GENERATOR, LIFT, PARKING, 24 HOURS SECURITY USD 400000

TS668-MIKOCHENI EXECUTIVE 5 ROOMS VILLA, FURNISHED,POOL,GENERATOR, 2 LOUNGES USD 600000

TS677-MBEZI BEACH 2 HOUSES IN ONE COMPOUND , 3 BEDROOMS EACH, 3 WASHROOMS EACH, PLOT SIZE 1500 SQM. USD 700000

TS674-MIKOCHENI 5 BEDROOMS HOUSE, 3 WASHROOMS,SERVANT QUARTER, PAVED, FENCED, PLOT SIZE 600 SQM USD 400000

FOR SALE

TS673-OYSTERBAY 4 BEDROOMS,3 WASHROOMS, GARDEN,IN A PLOT OF 3000 SQM. USD 2.7 M

FOR SALE

TS676-KINONDONI 2 HOUSES IN ONE COMPOUND, IN PLOT 600 SQM TSH 350 M

FOR SALE

TS639-MBWENI PLOT OF SGM 1100,FACILITIES SUCH AS WATER AND ELECTRICITY ARE AVAILABLE. TSH 50 M

FOR SALE

TS645-MBAGALA INDUSTRIAL AREA PLOT OF 2 ACRES ,FACILITIES SUCH AS WATER AND ELECTRICITY ARE AVAILABLE JUST FEW METERS FROM A PLOT. USD 1.5 M

24 The DarProperty June - July 2012

FOR SALE

FOR SALE

FOR SALE

TS666-MBEZI BEACH PLOT OF 2002 SQM, 2 ROOMS SERVANT QUARTER, IDEAL FOR RESIDENTIAL USE TSH 250 M

FOR SALE

TS620-TEGETA WAZOHILL PLOT OF 1 ACRE ,NEAR TWIGA CEMENT FACTORY TSH 800 M

FOR SALE

TS637-MBWENI JKT PLOT OF 1500 SQM,CLOSE TO IMPORTANT FACILITIES LIKE WATER,ELECTRICITY, IDEAL FOR RESIDENTIAL USE TSH 130 M

FOR SALE

TS683-TEGETA 4 ROOMS HOUSE,LOCATED IN A VIP LOCATION TSH 200 M

FOR SALE

FOR SALE

TS646-MSASANI BEACH 2 BEDROOMS OCEAN VIEW APARTMENT,POOL,GENERATOR. USD 200000

TS647-MSASANI BEACH 1 BEDROOM HOUSE, 2 WASHROOMS, FURNISHED, POOL,GENERATOR USD 145000

Details NOT Warranted.

FOR SALE

TS675-MIKOCHENI 3 BEDROOMS HOUSE, 2 WASHROOMS, TARMAC ROAD,PLOT SIZE 500 SQM. TSH 250 M

FOR SALE

TS684-MANDELA ROAD COMMERCIAL PLOTOF 5500 SQM, OFF TARMAC ROAD,WELL FENCED. USD 1.3

FOR SALE

TS654-JANGWANI BRAND NEW 3 BEDROOM APARTMENT,ALL ARE ENSUITE,GYM,POOL,GENERATOR USD 110,000

FOR SALE

TS644-MBAGALA INDUSTRIAL AREA PLOT OF 2 ACRES, IN AGOOD LOCATION USD 1.5 M

FOR SALE

TS615-CHAN’GOMBE 3 ACRES PLOT,WITH 3 GODOWN,OFFICE BLOCKS WITH HUGE PARKING SPACE,PLOT OF 24000 SQM USD 3 M


FOR SALE

FOR SALE

FOR SALE

FOR SALE

TS653-MBEZI BEACH A BRAND NEW BEDROOMS HOUSE, ALL ARE EN-SUITE,STAFF QUARTER IN A PLOT OF 1500 SQM USD 500000

FOR SALE

TS626-CHANG’OMBE PLOT OF 3800 SQM WARE HOUSE 2000 SQM, OFFICE BLOCKS USD 1.6 M

FOR SALE

TZ Real Estate Agents Ltd Property you can trust, your search ends with us 7th floor Amani Place, Ohio Street +255 756 960960, +255 714 444250 www.TZrealestate.co.tz

TS651-MIKOCHENI HOUSE OF 5 BEDROOMS, IN AGOOD LOCATION, TARMAC ROAD TSH 450 M

TS648-JANGWANI 4 BEDROOMS HOUSE, 2 ARE ENSUITE, SERVANT QUARTER, PAVED COMPOUND,GARDEN. USD 280000

FOR SALE

TS558-MASAKI

5 ROOMED HOUSE,POOL, LOVELY GARDEN,TARMAC ROAD, PLOT SIZE 2000 SQM

USD 1.6 M

FOR SALE

TS661-SINZA COMMERCIAL BUILDING WITH 20 FRAMES/SHOPS IN A PLOT OF 3500 SQM,IDEAL FOR PETROL STATION,HUGE COMMERCIAL BUILDING,RIGHT ON TARMAC ROAD. USD 2.7 M

FOR SALE

TS663-MBEZI BEACH SMALL PLOT OF 4000 SQM, SEMIFENCED,IN A GOOD LOCATION, TARMAC ROAD TSH 60 M

FOR SALE

FOR SALE

TS682-BAGAMOYO RESIDENTIAL PLOT OF 1300SQM, ON MAIN ROAD, NEXT TO A STROYED BUILDING TSH 60 M

TR1129-CHAN’GOMBE WARE HOUSEFOR OF 5 SETS, TOTALLING TO 2500 SQM, PARKING YARD, GENERATOR. USD 100000

FOR SALE

TS681-MBWENI RESIDENTIAL PLOT OF SQM 1860, OFF TARMAC ROAD. TSH 50 M

TR1081-MBAGALA GODOWN OF 3060 SQM, OFFICES BLOCKS, PARKING FOR RENT PRICE USD 15000

TS659- TEGETA 3 BEDROOMS HOUSE, BUILT UP AREA SQM 150, PLOT OF 1200 SQM TSH 90 M

FOR SALE

TS662-KIGAMBONI GEZA ULOLE OCEAN FRONT HOUSE,4 ROOMS, PLOT 1500 SQM, USD 400,000

FOR SALE

TS607-KURASINI PROPERTY NEAR PORT PLOT SIZE 1052 SQM, 4 ROOMED HOUSE. TSH 600M

FOR SALE

TS657-TABATA 2 HOUSES IN APLOT OF 3 ACRES, ALL SERVICES ARE AVAILABLE TSH 600 M

FOR SALE

TS664-MBEZI BEACH A BRAND NEW 4 ROOMED HOUSE, ALL ROOMS ARE ENSUITE,MODERN PLAN, 2 CLOSE TO TARMAC ROAD. USD 400000

FOR SALE

TS621-TEGETA PLOT ON BAGAMOYO ROAD, HAVING 6000 SQM, IDEAL FOR SHOWROOM, OFFICE BLOCKS TSH 900 M

FOR SALE

TS660-TEGETA 3 BEDROOMS HOUSE, PLOT OF 700 SQM,WELL FENCED, NICE LIVING AREA,DINING,KITCHEN. TSH 150 M

Details NOT Warranted.

June - July 2012

The DarProperty 25


Classified

Plot For Sale 20 acres beach plot for sale at mapinga bagamoyo. ideal for hotel bulding. or apartment. call 0682 193570 400 sqm commercila plot @ Mbezi beach overlooking bagamoyo road Price: $850,000 Call 0717 327052 4700 plot @ kurasini near port ideal for container yard price $ 650,000 Call 0717 327052

House For Sale house for sale at kijitonyama. 8bedroom. ideal for guest or apartment construction. 0682 193570

3bedroom house to let in sinza, dining, kitchen, ac, fenced 3car park. price 700000per months. call 0682 193570

1 storey house for sale 4 bedrooms 2 self contain, house @ masaki peninsular with fenced and a big plot size 1400sqm Price: $1.2m Call 0784 710606.

1bedroom house to let at upanga. fenced, big garden, large car parks. 700usd per months. call 0682 193570.

Industrial plot for sale @ Africana Mbezi 3rd from bagamoyo road titled usd $800,000 Call 0716 856454

Houses at Kibamba in a 4199 Sq.m area with title deed. Contains houses of 5, 4 and 3 bedrooms and multi-purpose godown –like building. Price Tshs. 295m negotiable. Call 0655 434 375/0713212728.

2 plots adjacent to each other located in Kibaha close to EOTF a.k.a “kwa mama Mkapa” children centre. Each plot is 10,500sq.mts. Both plots hold a valid title deed for 33yrs.Dispensary, Water and Electricity available from a close range, accessible road throughout the year. Price negotiable. Contact: +255-756-888711/255-786-777234/255-713-275447.

Property for sale. 8 storey corner house at kariakoo located junction tolivingstone street & pemba st. It has attached 6 shops, each floor has 2 apartment. 3 &2 bedroom price usd.1.8m call,07173270522 ensuite @ $ 450,000 each. Premium plot 4 sale at mbezi beach, Price usd 80,000/= call/sms 0712-222905

Located in Mkuranga District Kiparang’anda village25 Acres ,Surveyed with OFFER 99 yearsJust 1 km from Dar- Lindi main road. Usage - multipurpose.Contact +255 288 562

Old building commercial proposed plot size 312 in kariakoo located along msimbazi road, has 5 shops attached & good necessary documents . for sale $ 1m call +255 784 710606.

Two surveyed beach plots with 2,505 sq meters and 3500 sq meters located near the beach at Luchelele Mwanza. The plots are ideal for hotels/residences strategically located for development by Mwanza City plan shortly. Price Tshs 120mn for both, first come first served. Contact 0713509339/0783-777995.

Apartment Furnished apartment sea view near aghakan hospital 3 bed room @ 2500 pm. Mobile: 0759172599./ 0716 779953

1.6 acre light industrial area purposed at Mikocheni. With office, fence & good necessary documents price usd. 1.9m call 0784 710 606.Plot for sale at kigamboni with clean tittle 1000sqmeter block 10. price 28million close to tarmac road. call 0682 193570.

Furnished apartment at mikocheni 3 bedroom, pool, gym @ 2500 pm. Mobile: 0759172599./ 0716 779953

1 Acre ( 3,999 Square meters) Plot at Bahari Beach With title and several bricks meant for Residential/ Commercial project. The plot carries a permit for construction of 6 apartments in 2 blocks. Tshs. 800m. Call 0655 434 375/0713212728.

Furnished 2 rooms Apartment@ Mikocheni B, well fenced, generator, fully hours security, parking, balcon, tarmac road, USD 1600. Mob:0756960960, 0714444250

1125 sqmeter, block 20,@kigamboni with clean tittle deed, ideal for residential or commercial, like bank, supermarket, apartment, hotel etc. on tarmac road on the way to fun city. call +25582 193570. 2100 sqm plot plot in kawe beach nicelocation a second plot from tarmac road near BOT flats with wall fenced and valid title deed. Tsh. 380m. call. 255 784 710606

Place your Classifieds here for FREE sales@darproperty.net

House To Let

Furnished apartment at msasani 3 bedroom, @ 1500 pm

Bungalo for let Tabata Aroma area behind the king David arch of education. Recently renovated in depth. three bedrooms one ensuite, two public toilets combined with showers. parking House is Fully Furnished, having 4 Bedrooms, 1 Study Room, 2 Sitting Rooms 1 Dining Room, 1 Kitchen, 4 Bathrooms Backyard Lawn, 2 Parking spaces (1 covered and 1 uncovered) +255 767 881 864 Masaki - 9 rooms house suitable for an office. $5,000. Kigamboni - 3 bedrooms compound house unfurnished for $500pm. Call 0655 104 910 Nice house in a good location @ Mikocheni B 4 Rooms, parking, access road, lovely garden well fenced, spacious living area. USD 1500 Mob: 0756 960 960, 0714 444 250

House for rent situated in mikocheni B, low density, securely fenced plot of 1000sqmt. Ideal for residence or office available furnished or unfurnished, 4 bedrooms, 2 ensuite rooms 1 study room, large living room, dining room, fully equiped kitchen, 3 bathrooms and toilets, good water supply and storage tanks large backyard lawn and gazebo can park more than 6 cars, front terrace. Tel: +255 718 907 554, +255 784 855 824 +255 762 879 977 house located in one plot for letting in Mbezi Beach close to Massana Hospital. +255-756-888711/255-786-777234/ +255-713-275447.

Office To Let

Frame along the road suitable for M-PESA Agent/LUKU Agent and office or Secretariate service Mikocheni b near Ushindi Primary School to bima flats Contact 0754 289128/0772 289128

Ocean front executive 4 rooms Villa,@ Kawe Beach, pool, gym, generator Access tarmac road, quiet area.USD 3500 Mob:0756960960, 0714444250 Office to let @ OHIO Street, more than 30sqm, All services are available Lovely apartment fully furnished, @ $18 - $22 per sqm. Masaki, 3 rooms, pool, parking, gym, Call 0658 300 969, 0686 306969 ocean view, Tarmac road, in a conducive Office space @City centre 770 sqm@10 USD environment with fresh air.USD 2000 per sqm, 4 parking space Mob:0756960960, 0714444250 Quiet area for office purposes Mob:0756960960, 0714444250 .


Real Estate

REAL ESTATE The ABCs of REAL ESTATE MARKET Brokerage: The real estate brokerage operation is similar to the marketing function of other business. Brokerage involves buying and selling property by using marketing approaches such as promotion, advertising , and sales. From another view point , the real estate broker is an agent. With professional knowledge and an established business as a background, the broker brings together people who wish to buy, sell, lease, or exchange real estate. Real estate brokerages vary in size from one person operation to large companies.

Possessory estates: possessory estates are classified on the basis of their duration, that is, freehold estates and non freehold estates (leasehold estates). Freehold estates exist for indefinite length of time. Nonfreehold estates (leasehold estates) exist for a determinable length of time.

Liens: A lien is the right of a creditor to subject property owned by his or her debtor to a forced sales and to use the proceeds for repayment of the debt. Examples of private liens are real estate mortgages, mechanic`s liens, and judgement liens.

Listing agreement: A listing agreement is a contract of employment whereby a broker is appointed as a special agent with limited authority to act for his principal in exchange for commission. It is important that the agreement set forth the authority granted to the broker and the conditions upon which the principal is willing to dispose her property. Compiled by Michael Francis michael@darproperty.net

Photo & company estate agency 0786-962444 0715-280770 0754-280770

octavianifocas@yahoo.com

Msasani area 5bedroom double stories house located at msasani near irish pub, medium size plot ,nice garden,plenty water, standby generator,big balcony and nice sea view, price $4000 per month,available from ďŹ rst of July. Oysterbay area 4bedroom house at oysterbay, double stories, big compound, nice garden plenty water, big swimming pool, semi furnished, the house is available now, price is $7,500 per moth Ada estate 2bedroom bungalow house, fully furnished house, 24hours security, price is $1500 per month, the house will be available ďŹ rst august. Msasani peninsula 5bedroom bungalow house at masasani peninsula or( masaki ), the house is fully furnished,nice garden,plenty water,stand by generator, the house is near international school of tanganyika, price is $4000 per month negotiable,the house will be available ďŹ rst of august, Mbezi area 5bedroom house at mbezi beach,double stories, new house,new garden,2bedroom servant quorter, price is $3000 per month,available now, Masaki area house in compound located at masaki area,double stories house, 4bedroom house,available of water,24 hours security, price is $5000 per month, Plot for sale kunguru near goba ,2000sqm ,price is $40,000 June - July 2012 The DarProperty 27


Real Estate Agents Directory ABLA ESTATE DEVELOPERS & AGENCY CO.LTD Mikocheni Opposite Shoppers Plaza P.O BOX 3810, Dar es Salaam Tel +255 22 2772506 E-mail: ablaestate@bol.co.tz AFRICA PROPERTY LIMITED Old Mwenge Rd, Agip House P.O BOX 32822, Dar es Salaam Tel +255 22 2771834 Mob; +255 784 781242 Email: sendim@consultant.com AMBASSADOR REAL ESTATE AGENCY Sinza Palestina - CCM bldgs P.O. Box 62067 Dar es Salaam Mob: +255 784 252741 BRIDGEWATER CO. & REAL ESTATE Location - Chole rd 516 Masaki 0719 622 998 0784 607 160 CITY PROPERTY LTD Nkrumah Street P.O BOX 831 Dar es salaam Tel +255 22 2116646 Mob +255 754 375967 Email: gold@cats-net.com COMFORT ZONE Plot 22/7 Kaunda Road P.O BOX 31010 Dar es Salaam +255 773 805 360 Email: comfortzonetz@gmail.com ESTIA Maktaba business square park P.O. Box 23347 Dar es Salaam +255 753 782837 info@estiatz.com GIMCO ESTATE AGENCY LTD Samora Ave, NIC Investment Hse, P.O BOX 8382 Dar es salaam Tel +255 22 2120988 Mob +255-784 900041

GOLDBERG COMPANY LTD Real Estate & Mining Trade P.O. Box 22159 Dar es Salaam Old Bagamoyo Rd, Mikocheni B, 0715 270 517 0754 270 517 goldbergtz@gmail.com www. goldbergtz.com GOLDEN LAND SHELTER LTD Sokoine Road P.O BOX 12067, Arusha Tel +255 27 2507625 HAMPTONS PROPERTIES TZ HAIDERY PLAZA - 1ST FLOOR UPANGA/KISUTU STREET P.O.BOX 6547 DARESSALAAM hamptonspropertiestz@gmail.com, a_kito@yahoo.com 0654 204083/ 0784 323133 H & R CONSULTANTS LTD PPF Towers, Garden/ohio street P.O BOX 70703, Dar es salaam. Tel +255 22 2130073 IMAGE PROPERTIES & ESTATE Pugu road, Quality Plaza 2nd Floor West Wing P.O BOX 70117, Dar es Salaam Tel 255 22 2862 092 Mob +255 777 420675 Email: info@ipe.co.tz KATIGA HOUSING EXPERTS P. O. Box 65490 Dar es Salaam Tanzania Tel:+255 2270 1915 Cell: +255 764 763 186/ +255 658 763 186 Email: info@katiga.co.tz/ katigahousing@gmail.com Website: www.katiga.co.tz KNIGHT FRANK International House 3rd Floor, Garden Avenue. P.O BOX 9333, Dar es Salaam. Tel +255 22 2113300

LYELYE CO. LTD Sinza makaburini Plot No. 5 Block A P.O.Box 72814 Dar es Salaam 0784 620275 lyelye27coltd@gmail.com MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710 PHOTO & CO.ESTATE Kahama Road/Msasani peninsula P.O BOX 105121 Dar es Salaam. 0786 962 444 Email; Octavianfocas@yahoo.com.

Property Consultancy & Services Ltd 2nd Floor Kevin House - Samora Avenue P.O BOX.7152 - Dar Es Salaam +255 22 2120402, +255 713 690 220 info@pcsltd.co.tz www.pcsltd.co.tz PROPERTY SOLUTIONS TZ LTD P.O.BOX 750 DARESAALAAM Tel:+255717145273, +255755384070 Email:propertysolutiontz@gmail.com SAK SERVICES Estate Agent - Dar es Salaam Mob: +255 787 591 995 schande@bol.co.tz SKYMARK REALITIES LTD Zanaki st. - Alimanga bldg Tel: +255 22 2 134422/33 TZ REAL ESTATE AGENTS LTD Head Office: 7th Floor Amani Place Ohio Street Dar es Salaam Tel: +255 756 960-960/ 0714 444 250 info@tzrealestate.co.tz www.tzrealestate.co.tz Treld Company Ltd P.O BOX 7656 Dar es Salaam Location Msasani Peninsular off toure drive +255 732 222 888, +255 716 777 999 treldestates@yahoo.com www.treld.co.tz

List your Company here send details to www.darproperty.net sales@darproperty.net 2 The DarProperty March - April 2012 The Darproperty magazine


g n i m o

n o So

Behind SHOPPERZ PLAZA MIKOCHENI - URSINO - Chwaku Street.

Ground Floor Ideal for Banks

C

2 The DarProperty March - April 2012

March - April 2012 The DarProperty 23

+255 713 311 119, +255 753 253 787 kjursinocomplex@gmail.com

OFFICE SPACE TO LET

URSINO COMPLEX

K.J


Design & Installation GAZEBO, CAR SHADES & ELECTRICAL GATES

E y FRE Wor r Bac k y Mone ntee a a u G r

ROSE GARDEN COMPLEX - Rose Garden rd, P.O. Box 31228, Dar Es Salaam +255 786 924 373, 658 924 373


The Darproperty  

issue 011. June-July 2012

Advertisement