The Darproperty . NOV-Dec 2013

The he

FRE

www.darproperty.co.tz

Tanzania’s Ultimate Property Guide 27 November 2013 th

E Free COPY Copy

Issue No 025

ISSN 1821-7753

RENT OR

1 The DarProperty 27th NOV 2013

3 The DarProperty 27th NOV 2013

Dar Property

TM

Tanzania’s Ultimate Property Guide.

AVAILABLE FROM: In Zanzibar

In Dar Es Salaam

Chavda Hotel Dhow Palace Beyt al Chai Hotel Zanzibar Coffee House Mtoni Marine Hotel Zanzibar Café Stone Town Café Diplomatic Supermarket Tembo House Hotel Maru Maru Hotel Zanzibar Serena Hotel

Slipway J. D. Pharmacies Airport Terminal 2 All Shopping Malls Village Supermarket NHC - Head Quarter Scholastica Book Shops All Novel Idea Book Shops Premium Super Markets Bundu Shop - Southern Sun Oysterbay Shopping Center Nakiete Pharmacy - Mwenge Home Shopping Center Renowned Hotels & Offices Tanzania Investment Center (TIC) All Major Real Estate Agents

Publisher

Darproperty Tanzania Editor In Chief

Monica Kijo

editor@darproperty.net

Designs & Layouts

Alan Peter Dennis Maunga

dennis@darproperty.net

Marketing & Sales

Michael Francis

michael@darproperty.net

Distribution

Boniface Metta Online Content Manager

Mbwana Mbura

Sales Representative Milembe Pamba Brenda Ndashuka Glory Mgonja Classifieds Adverts Baraka Casian Business Development & Products

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

Mwanza Points Royal Oven Pizzeria Casino Cofee Shop U-turn Supermarket Nono Supermarket Imalaseko Supermarket Isamilo Lodge Yunni Minni Supermarket Mwanza Hotel Gold Crest Hotel Jb Belmount Hotel Ryan’s Bay Hotel Tilapia Hotel Victoria Palace Hotel Malaika Beach Resort Fast Jet Banks & Offices

Also Available Online

Scan this QR CODE

The DarProperty March 42 The DarProperty September 2013

- April 2012

Abdallah Mugasa Office Assistant.

Brigita Laurance Regulatory & Legal Advisors

Nexus Associates - Attorneys at Law Mikocheni B - Bima road, P.O. Box 105499 Dar es Salaam +255 22 2780 517 +255 784 238 962, +255 713 751 868 info@darproperty.net Distribution Should you have problems in obtaining copies of DarProperty Magazine, please contact

+255 713 888 036 +255 717 270 791

For Comments, Complains & Compliments pr@darproperty.net 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.

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

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

Hotline: +255 715 952 452 / +255 784 935 538 sales@almasi-group.com 5 The DarProperty 27th NOV 2013

7 The DarProperty 27th NOV 2013

FLORIDA ROUND ABOUT - ARUSHA

RENTABLE SPACE FOR: CONFERENCE HALL OFFICES RESTAURANT SHOPS

AMENITIES STANDBY GENERATOR SERVICING AND MAINTENANCE CAR PARKING CLEANING OF COMMON AREA SEWAGE WATER

FOR RENT Call now +255 713 31 72 85 +255 767 14 07 27 We Bulid Your Future

WIRELESS INTERNET ACCESS SECURITY FIRE SAFETY INSTALLED & MANY MORE

RENTABLE SPACE FOR: BANK OFFICES RESTAURANT SHOPS

AMENITIES STANDBY GENERATOR SERVICING AND MAINTENANCE CAR PARKING CLEANING OF COMMON AREA SEWAGE WATER

FOR RENT

WIRELESS INTERNET ACCESS SECURITY

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

FIRE SAFETY INSTALLED & MANY MORE

We Bulid Your Future 9 The DarProperty 27th NOV 2013

NSSF EMBARKS ON LOW COST HOUSING N

SSF embarks on law cost housing NATIONAL Social Security Fund ( NSSF) has embarked on low cost housing project to enable its members own modern houses at affordable price and improve their living standards.

The scheme has taken into account some important factors. The majority of Tanzanians, more than 80 per cent live in rural areas and depend on agriculture for food and income.

Due to the use of traditional farming methods and unreliability of rainfall, there is often low agricultural production, which in turn leads to low food and cash crop production Consequently, many farmers experience

food insecurity and inadequate income and because of this they cannot afford a decent house.

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

translated into the lives of ordinary people (micro economy).

That is why there is a widening disparity between the rich and poor.

As a result the majority of Tanzanians are still in abject poverty and in poor or inadequate housing although this shouldn’t have been the case.

To substantiate this, one has only to visit suburbs and rural areas across the country.

To address this situation, the government has been coming up with various poverty reduction strategies meant to transform the nation into a middle- income economy (National Vision 2025) and enable

image courtesy of NSSF

Dr. Ramadhani Dau, Director General: NSSF Tanzania Tanzanians to lead a decent living and improving their housing status – the latest being Kilimo Kwanza and Big Result Now. To complement government efforts, each fiscal year National Social Security Fund (NSSF), has been setting aside at least 75 per cent of its investible funds for investment purposes.

The remaining 25 per cent is spent on benefit payments and administrative and capital development purposes.

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

This means all undertaken investments, as far as possible, provide a positive rate of return, to maintain the value of members’ funds.

We are committed to enabling our members to own decent houses,’ the NSSF director general, Dr Ramadhan Dau told this reporter during an exclusive interview.

He said one of such investments was NSSF’s long – term project to construct low cost houses for its members and their families, a move that could drive millions of Tanzanians out of inadequate housing. “ In Kijichi, Temeke District, Dar es Salaam, NSSF has contracted 297 low cost houses which may be purchased or loaned,” he said these houses were formerly loaned through Commercial Bank of Africa (CBA), but now NSSF will loan them at an interest rate of 11.44 per cent per year and the loan will be repaid in 15 years.

They are of two to four bedrooms each and the price is fixed at Sh 64,875,310 to

112,500,000 (VAT exclused) respectively.

“NSSF members interested in purchasing the low cost houses may go to NSSF offices at Benjamini Mkapa Towers to enquire about a purchase procedure,” he further said.

According to Dr Dau, there are 10 types of house designs comprising two to four bedroom houses. The average size of each house is between 75 and 125 square metres.

“The houses are differentiated on the basis of built –up area, the number of rooms and extra-facilities incorporated in each house, for instance, carports, solar water heating systems and provision of house,” he explained.

Members, who intend to purchase any houses using out-right purchase arrangements are required to get an application form at a nonrefundable fee of sh.5,000 from any of the NSSF’s offices fill in all requisite information about their membership and return it for pre qualification.

After pre qualification, a letter of offer will be issued and the prospective buyer will be required to complete all purchase formalities and full payment for the house within seven working days since the issuance of the offer letter.

Any delay beyond this time frame will lead to automatic termination of the offer and forfeiting of any amount so paid,” he said.

For her part, chief public relations and customer service Eunice Chiume told reporters in Dar es Salaam recently that NSSF would continue addressing housing challenges for its members.

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

She noted that due to high housing demand NSSF would continue to construct low cost houses to members to enable them to live in permanent houses,” After completing phase I and II of 297 houses, we have seen that there is a need to continue addressing this problem and in phase III will involve constructing 900 houses, which will cost about 23bn/ Said Chiume She added that statring on 24th day of this month, NSSF expected to start issuing application forms for purchasing 498 surveyed plots in Kiluvya A Madukani, the plots that will be sold in collaboration with Kisarawe District Council.This is a new residential area, which will have basic social services, she said The plots will be sold to NSSF members and to members of the public at an average of sh 15,000 to Sh20,000 per square metre depending on plot use.

NSSF, which is a compulsory scheme providing a wider range of benefits based on international accepted standards, was established by the Act of Parliament No. 28 of 1997 to replace the defunct National provident Fund (NPF).

Deogratius Mushi.

11 The DarProperty 27th NOV 2013

12 The DarProperty 27th NOV 2013

SARFARAZALI CHAGANI sarfarazali@haadigroup.com Tel: +255 13686 889 988 13 The The DarProperty DarProperty August 27 NOV 2013 2013 th

House for rent / sale

PROPERTIES IN DAR

OFFICE SPACE TO LET Samora Avenue 124sqm, 2nd floor $3100 VAT inclusive

CONCEPT OFFICE SPACES TO LET Samora Avenue 20sqm, 4th floor $1000 VAT inclusive

SHOP SPACE TO LET Samora Avenue, Mezanine floor 260sqm-$8000 28sqm-$960 20sqm-$800 70sqm-$2400

SHOP SPACE TO LET Samora Avenue 500sqm basement space $6500

APARTMENT FOR SELL Samora Avenue 3Bedrooms,fully furnished $250,000

APARTMENTS TO LET Samora Avenue 2&3 bedroom fully furnished and available from February 2014 $1500 & $1700

APARTMENT TO LET IN UPANGA 3bedroom, furnished, swimming pool,gym, all room are en-suite $2200.

APARTMENT TO LET IN UPANGA 3bedroom, , unfurnished, swimming pool, gym, all room are en-suite $1500.

HOUSE TO LET IN MBEZI BEACH 4 Bedrooms, full AC, semi-furnished $800

DO YOU WISH TO SELL / LET OUT YOUR PROPERTY? HOUSES, APARTMENTS, PLOTS OWNERS CAN CONCTACT US ANZA INVESTMENT GROUP LIMITED Intiatives for Africa

Call; +255 683 027 027 / +255 682 00 91 91 marketing@anzagroup.co.tz 2nd Floor, Wing A, Suite A203, Victoria Plaza, Samora Avenue.

Real Estate Sales & Rentals Property Management Construction Interior Design Public Relations Media Hospitality Entertainment Fashion & Beauty 15 The DarProperty 27th NOV 2013

GREAT VALUE ITEM DON’T MISS OUT SUBSCRIBE NOW!

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

Personal Details Mr

Mrs

Initials

Ms

3 Months - 30,000/=

Other title

Last name

6 Months - 60,000/=

Delivery address:

12 Months - 85,000/= Postcode Town Country

Payment options Cheque enclosed, payable to Darproperty Tanzania

1.

2.

Telephone Mobile

Only Tshs. acceptable

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

Signature

E-mail

To order: sales@darproperty.net

Or post this form to: P.O. Box 105499, Dar es Salaam, Tanzania.

Date

Darproperty Tanzania is registered in The United Republic of Tanzania Registration No: 210444.

Tanzania Taxpayer Identification Number (TIN): 110-871-260

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

complete real estate & property management services for residential & commercial properties sales | lettings | rentals | general maintenance | rent collection | security tenancy agreements | cleaning | operations | generator servicing | luku top up ac servicing | landscaping | refuse collection | management reporting

call us: +255 787 555 292 | +255 22 2666 524 email us: info@propertyplus.co.tz | web: www.propertyplus.co.tz visit us: 5th floor FBME house, 85 kinondoni road

MODERN COMMERCIAL / RESIDENTIAL PROPERTY TO LET IN MWANZA CITY PRICE $7000 (per month) Negotiable

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

OTHER MAIN FEATURES The compound has ten (10) units of building in a perimeter wall fenced with grills to provide security and non-interference.

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

Ample parking space

Modern servant quarter at the main entrance gate providing reliable security and reception to the incoming guests.

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

Elegant rooms for fine living and luxurios shower facilities SUITABILTIY Suitable for office block and staff quarters, hostel, lodge, resort, rest house and other similar business for commercial or public use.

Suitable for local and International Companies, Non-Government Organisations, Firms and other Agencies or Individulas looking for the best conveient place CONTACT: +255 688 810 344 / 0713 966 119 / 0682 966 119 kabhotels@yahoo.com / cdjumbo2@gmail.com

Open restaurant hall.

Electricity and Water Utilities with backups available

ELEGANT

SECURE

AFFORDABLE 17 The DarProperty 27th NOV 2013

Ask the Expert Real Estate Laws FOREIGN INVESTOR Q: I came to Tanzania in 2012 as an employee in one of the auditing firms in Dar-es salaam. I have grown to love the country and recently I have been thinking of buying land to start a real estate business.

My firm’s driver, a Tanzanian, has a plot at Mbweni Mpiji and is keen on selling it to me, but my boss says what he knows is that a foreigner can’t buy land in Tanzania.

Is this so? Please Advice.

BM, Dar es salaam, Tanzania A: Greetings BM, well your boss is correct but only to the extent that under the laws of Tanzania, a foreigner cannot own land.

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

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

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

The mortgagor can request the morgagee to transfer the mortgage back to him upon 18 The DarProperty 27th NOV 2013

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

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

AM, Dar es salaam,Tanzania.

A: There are several stages in conveyance, the first stage being the pre-contractual stage, then the contractual stage and the last stage is the post completion stage. You haven’t told us the whole story but the most obvious assumption is that, you only passed through the first and second stage but had failed to finish the second and last stage which is very important. A sale agreement of land is not complete until the title deed has passed to you.

Hence, you have to execute a deed of transfer which will transfer the title from the previous owner to you, and register the same. The post completion stage comprises of the following requires that after the sale agreement is executed, you have to prepare the deed of transfer and go to pay the necessary fees .You will then obtain a certificate of the same and thereafter the transaction is approved.

A registration of register the deed at the appropriate registration office is a process that will follow as to render completion of the whole transition. You can’t sell without a title deed that has your name on it.

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

business. Can you please tell me on how I can protect myself and reduce the risk of such atrocities? Thanks.

GH, Dar es Salaam A: Dear GH, What you should know about agreements that are entered in the real estate business is that first of all, an agreement for the must be in writing like agreements for sale of land with an exception to short-term leases, and be signed by both contracting parties. Also before signing an agreement for sale of land you have to afford yourself sometime to do due diligence where you will search the necessary information concerning the property and assure yourself of any encumbrances before purchasing it. You should also take careful note of the covenants therein. The agreement must also indicate; cost payable by each party, whether price includes VAT and, the timing of the payments, clause that the purchaser is at contentment with the property being bought, fixtures and fittings, and any implied obligation of the purchaser.

Most importantly all contracts should have these essential elements Competent Parties, mutual consent, Legal Consideration, Lawful Object, Property Description, Price, Signatures.

Documents involved are prepared by the conveyancing lawyer for both parties to sign.

You can send your question to: abcattorneystz@gmail.com/ info@abcattorneys.co.tz / or mail it to : ABC ATTORNEYS. NBC LTD BUILDING, MNAZI MMOJA BRANCH, 2ND FLOOR, JAMHURI STREET P.O.BOX 105722, DAR-ES-SALAAM, TANZANIA (EA) Tel: +255 222136060 For more information, you can also read other articles online at www.abcattorneys.co.tz DISCLAIMER: The purpose of this post is to educate the public on real estate law matters, and is not intended to render any legal counsel on its use. We, as a firm cannot accept any responsibility for any action based on this post.

If you are interested in securing legal advice or need assistance dealing with a dispute, please consult your Attorney.

19 The DarProperty 27th NOV 2013

19 The DarProperty 27th NOV 2013

Floor Plan VIP HALL DIAMOND JUBILEE

4m x 4m

3m x 3m

Deluxe

Standard

PARTNER

A4

TITLE SPONSOR

A3

13m x 6m

A2 2m x 2m

A1

Mini

IN

OUT

C6

C7

C8

C9

C10 C11

C5 C4

RECEPTION

C3 C2

A19 A18 A17

C1

OFFICE ENTRANCE

20 The DarProperty October 2013

FOOD COURT

A20

B

A5

A6

A7

A8

A9

A10

A11

A12

3m

3m

3m x 9m

3m

BRONZE

3m

STAGE

4m

B2

B3

B4

4m

B1

A13 B8

B7

B6

B5

4m

G

O

LD

8m x 8m

A14 A15

R LV E

B9

B10

B11

B12

SI

4m x 8m

A16 A17 LD SO

For more info please call; +255 784 238 962, +255 688 751 868 expo@darproperty.net 21 The DarProperty 27th NOV 2013

Booking Form www.expo.darproperty.co.tz

COMPANY DETAILS Company Name:

Postal Address:

Telephone Number:

Physical Address:

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

COMPANY REPRESENTATIVE DETAILS Name of contact person:

Cell number:

Email:

FINANCIAL DETAILS Invoicing name:

Contact cell number:

Financial contact person:

Email address:

YOUR OPTION (Preference order)

STAND DETAILS

Local and International exbihitors

4m x 4m

Deluxe

3m x 3m

Standard

eg: A1 (As per Floor Plan) Option 1 Option 2 Option 3

2m x 2m

SIGNED:

Mini

Option 4

Please note the organizers details as here under.

DATE:

Return booking form with payments to. DARPROPERTY TANZANIA CO. P.O BOX 105499, Dar Es Salaam Mikocheni B, Bima Road • Tel +255 22 2780 517, +255 784 238 962, +255 688 751 868 • info@darproperty.net

23 The DarProperty 27th NOV 2013

For Rent

$800

KINONDONI APARTMENT 3 Bedrooms 24 hr Security Near the Main Road Easy Access +255 713 278 229 / +255 783 299 127 24 The DarProperty 27th NOV 2013

25 The DarProperty 27th NOV 2013

APARTMENTS FOR RENT AT TEGETA FEW MINUTES FROM KIBO COMPLEX 3 BEDROOMS 3 BATHROOMS STANDBY GENERATOR

SO

LD

PRICE USD $ 700 PER MONTH.

26 The DarProperty 27th NOV 2013

HOUSE FOR RENT - NEAR MEDITERANNO HOTEL 3 BEDROOMS 3 BATHROOMS 1 DINNING AREA 1 PANTRY 1 ACRE YARD PRICE PER MONTH USD $ 2000

SHOWROOM FOR RENT Ample Parking 24 HRS Security Easy Access Standby Generator The Showroom is Ideal for Banks, Financial Institutions, Corporate Offices.

2 Storey - G + 1+1 SHOWROOM @ NYERERE ROAD NEXT TO OMAR PACKAGING LTD BEFORE VICTORIA PETROL STATION

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

27 The DarProperty 27th NOV 2013

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

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

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

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

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

COMMERCIAL PROPERTIES TO LET MIKOCHENI

REAL ESTATE The ABCs of REAL ESTATE MARKET TIGHT MONEY:- condition of the credit markets characterized by high interest rates, rigid underwriting standards and, and scarcity of high loan to value loans.

Example: Because of tight money conditions, the buyer was unable to get financing that she could afford, and the home sale fell through..

STARTER HOME: a modest – sized (less than 1, 500 square feet), basic house that is in the price range of the typical first- time homebuyer. In many markets, this entry- level home could be a CONDOMINIUM. Example: Sally wanted to buy a home but had never owned one before and had little cash to complete the transaction. She found an ideal starter home in a small two- bedroom cottage in a clean but modest neighborhood.

REFINANCE to replace an old loan (s) with a new loan (s) Example: Garner has a $30,000 loan against her house which is worth $200,000. She desires cash to pay for a college education. By refinancing the home with a new $150,000 loan she will realize $115, 000 in cash after paying $5,000 in TRANSACTION COSTS .

OFFICE BUILDING: a structure primarily used for the conduct of business, such as administration, clerical services, and consultation with client and associates. Such buildings can be large or small and may house one or more business concerns,.

Example from a large office bulling in downtown, the XYZ corporation controlled its nationwide system of factories and outlets.

ONE – HUNDRED – PERCENT LOCATION: the particular spot in an urban area where land and rents are the highest, best location.

Example: Broadway and 42 and street was through of as the highest priced property, the 100% location, in new York city, other locations could

Easy Accesss Ample Parking Space 24hr Security

be judged as percentages of that property value OPEN LISTING: a listing often used for commercial property given to any number of broker without liability to compensate any except the one who first secures a buyer who is ready, willing and able to meet the terms of the listing or secures the seller’s acceptance of another offer. The sale of the property automatically terminates all open listings.

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

Riddle presents a buyer who eventually purchases the property riddle is

Located along Mwai Kibaki Rd - Mikocheni Plot 672/2

CALL +255 22 2781203, +255 779 333 360 28 The DarProperty 27th NOV 2013

entitled to a commission, Sims is not

MEANMYKE MBEZI APARTMENTS MBEZI BEACH

ting now le-t1200 $800 ing Gym Includrn & Inte et Water ,

EIGHT FULLY FURNISHED APARTMENTS IN A 2,000 SQM COMPOUND IN A QUIET, SERENE, SECURE, UP MARKET NEIGHBORHOOD FOR FAMILY LIVING. WITHIN 5 MINUTES DRIVE TO THREE INTERNATIONAL SCHOOLS, SUPERMARKET, FUEL STATION AND ATM CASH POINTS.

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

Split air-conditioning and ceiling fans; Refridgerator/freezer, microwave, kitchen utensils and cutlery;

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

Washing machine and water heater;

Two single bedroom apartments with office/games space.

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

Spacious balcony and terrace areas.

Equipped gym for resident families; and

Ample parking space (2 cars per resident).

24 hour security ensured by security guards and electronic surveillance system.

Generator

Please call: 0754 291 401 / 0658 291 401; msuyameliki@hotmail.com 29 The DarProperty 27th NOV 2013

www.darproperty.co.tz

30 The DarProperty 27th NOV 2013

31 The DarProperty October 2013

31 The DarProperty 27th NOV 2013

READILY ACCESSIBLE, PRIME THREE STOREY BUILDING FOR RENT AT KARIAKOO

This is a majestic, brand new office block located at the junction of Narungaombe/Likoma Streets Kariakoo area, it has a new aesthetically appealing design with high impact, and accommodation comprises rooms of different sizes which are designed as open plan corporate offices in both floors. The compound of the property is large enough to provide ample parking space. Electricity and water supply are available throughout the year.

For more details call.

0754 373 481 or 0787 485 270

PROPERTIES FOR SALE Zinga - Bagamoyo on the main road 1 1/2 acres Tshs 150,000,000/= (Plot has Title Deed) Mbweni Maputo facing the tarmac road 2 Acres Tshs100,000,000/= (Plot has Title Deed)

Plot for sale in Moshi opposite Keys Hotel Moshi 1000 sqm Tshs 180,000,000/= (Plot has Title Deed)

Please call; +255 22 2701674, 0715 053 803, 0786 053 803, 0754 284 684 32 The DarProperty 27th NOV 2013

kiwangwa,bagamoyo farm for sale TSHS 15,000,000/=

0754 26 65 16 8 acres, no title deed it has 4 bedrooms house 3 km from the main road

GEREZANI FLATS

NURUMA, ARUSHA

WATER FOR IRRIGATION AVAILABLE 165 ACRES JOINT VENTURE FARMING APPLICATION ALSO ACCEPTED

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

Shops available for Rent at Somali Street, Gerezani sales@almasi-group.com

+255 715 95 24 52 / +255 784 93 55 38 33 The DarProperty 27th NOV 2013

Advertise for ONLY TSHS

30,000

Your Advert will be placed on

website, The Dar Property magazine and SMS Subscribers

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

+ 255 22 2780517 + 255 713 75 18 68 + 255 784 23 89 62 classifieds@darproperty.net

‘

‘

100,000 BE IN CONTROL

34 The DarProperty 27th NOV 2013

Upanga, dar es salaam

apartment for rent $1500

0784 32 10 16

IIala,

flat for rent

AWAITING PHOTO

kiwangwa, bagamoyo - farm for sale

+255 715 952 452 +255 784 935 538

TSH 15,000,000/=

For sale by owner

0754 26 65 16 3

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

Pugu road, dar es salaam

office block for rent

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

House for sale zanzibar, chuini

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

room for rent, mbezi beach

+255 758 536 581 +255 684 601 567

For Sale By Owner 0784 84 47 04 0784 73 13 15 galaxy@ctvsatcom.net

fully air conditioned with glass front parking facilities also available, 24hr security backup generator, independent block available one month free rent

$185,000

Farm for sale at kiwangwa, 8 acres, no title deed it has 4 bedrooms house 3 km from the main road

For sale by owner

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

house for rent, mbezi beach

$200

+255 758 536 581 +255 684 601 567 info@tzaccommodation.com

fully furnished room, house cleaning included. shared accomodation water and electricity included in the rent security included in the rent

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

$ 2000

For sale by owner

+255 758 536 581 +255 684 601 567 info@tzaccommodation.com

4 Bdrm House 2nd Raw of Beach for sale in Zanzibar This House need some finishing work.

Plot size : 4,800 Sq meters ( 80 m by 60 m ) New 4 Bedrooms self contained rooms.

Second Raw beach plot with nice Sea view.

0786 80 97 98

+255 758 536 581 +255 684 601 567 info@tzaccommodation.com 4 bedrooms, 24hr water supply, fully furnished plus over 4,000 Liters reserve.

Back up Generator on site. rent is payable 6 Months Upfront.

3

5

500 meters from Mbezi Makonde/Bagamoyo Road

kongowe, kibaha house for sale tzs 150,000,000 plot for sale, bahari beach usd 850,000 negotiable.

+255 758 536 581 +255 684 601 567 info@tzaccommodation.com Plot Size : 4,900 Sq meters ( 1 Acre ) Perimeter wall all round the plot with a gate already in position. farm for sale, miwani,zanzibar

usd 140,000 negotiable.

+255 758 536 581 +255 684 601 567 info@tzaccommodation.com Plot Size : 9 Acres, Available vegetation / Trees Mango Trees , Coconut Trees , Spices , Banana Trees , Lemon , Passion fruit trees , Cassava , Pineapples , Rice , Orange trees etc..

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

Kibaha,Kongowe - house for sale tshs 150,000,000

0716 73 14 86 0658 34 73 73

+255 758 536 581 +255 684 601 567

9800 2

3

info@tzaccommodation.com Farm Area size : 14 Acres,3 Bedrooms House on Site Electric Power post 50 meters away.

Elevated 2,000 Ltrs Water Tank Reserve on site.

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

beach plot for sale,jambian,zanzibar

beach hotel for sale, pemba island $900,000/

$170,000 negotiable

+255 758 536 581 +255 684 601 567 info@tzaccommodation.com Plot size : 15,000 Square Meters.

Beachfront : 100 meters, 80 meters from the main road.

Jambiani - paje road

+255 758 536 581 +255 684 601 567 info@tzaccommodation.com 16 Rooms Beach Hotel for sale in Pemba, Zanzibar, Beachfront : 250 Meters, Plot size is = 28,453 Meters Square 35 The DarProperty 27th NOV 2013

Real Estate Agents Directory

DAR ES SALAAM 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 AMBASSADOR REAL ESTATE AGENCY Sinza Palestina - CCM bldgs P.O. Box 62067 Dar es Salaam Mob: +255 784 252741 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 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 KATIGA HOUSING EXPERTS P. O. Box 65490 Dar es Salaam 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 KEY REAL ESTATE SOLUTIONS Regent Chwaku North Ursino Tel: +255 22 2701674 0715 053 803, 0786 053 803, 0754 28 46 84 mariam@keyrealestatesolutionstz.com www.keyrealestatesolutionstz.com

36 The DarProperty October 2013

ARUSHA MY BEACH Old Bagamoyo Rd. opp Yuasa auto impex P.O BOX 105200. Dar es Salaam Tel; +255 22 2701710 NIKUZE REAL ESTATE AGENCY Morogoro Road P.O Box 10032 Dar Es Salaam Tel: +255 789/754/715/ 363 800 Email: nikuze@nikuze.com www.nikuze.com 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 PRESTIGE PROPERTIES Phone: +255-713-764-447/ 0767471293 Tel:+255-22-266-4373 Email:info@prestigeproperties.co.tz www.prestigeproperties.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

EL-SHADAI INVESTMENT LTD P.O BOX 17021 Arusha +255 782 677 068 +255 754 421 958 HOMES & PROPERTY AGENCIES LTD Land Surveyors & Property Managers P. O.Box 10079 Arusha Boma Rd. Arusha 0787 805566 hopraltd@gmail.com

TANZANIA REALTORS & ADVISOR Shoprite Complex, +255 785 984 467 info@tzrealtors.com ZIPO HOMES

Rivergardens Business Park, Rm 4 P.O Box 20 Usa River, Arusha +255 787 474 580/+ 255 754 320 513 info@zipohomes.com www.zipohomes.com

MWANZA MWANZAESTATE Mwanzaestate.com +255 714 245 779 kisolimorris@hotmail.com

ZANZIBAR Zanzibar - properties.com Tel: +255 774 44 19 07 Hotel Marine - Malindi Zanzibar

Enhance your Visibilty & Credibility Get listed here for Only Tshs. 29,500/= per Insertion OR Tshs. 300,000/= Annually +255 784 23 89 62, 0688 75 18 68 sales@darproperty.net

37 The DarProperty 27th NOV 2013

PATRONS ADVERTISERS’

INDEX

If you like what you are reading Buy from our Advertisers, remember to mention you saw their Advert in this magazine

PATRON PAGE NO “You seldom get what you go after Unless you know in advance what you want.

Indesion has often given an advantage to the other fellow because he did his thinking before hand” Maurice Switzer

AFRICAN VILLAGE ESTATE LTD.........7 HAADI GROUP LTD..........................13 ANZA GROUP LTD...........................15 BANK OF AFRICA.............Front cover C&G LTD............................................28

Advertise with us Now

CHOKOLE INVESTMENT LTD..........37 KEY REAL ESTATE............................. 26

To book your space contact us on

LCL LTD................................................27 MAISHA ESTATES...............................25 MISHA EAST AFRICA........................39 MR. ARIF BAKHAMIS.........................12 MR. KAGORO....................................33 MR. NDANGURA............................17 MR.J SHAYO......................................33 MULTI CABLES LTD....................5 & 32 NSSF...................... Cover page & 8,9 PROPERTY PLUS................................17 R.K CHUDASAMA LTD..............14&26

ARUSHA

MWANZA

DAR ES SALAAM

0787 805 566

0714 245 779

022 2780517 0784 238 962 / 0713 751 868 sales@darproperty.net

ROOTS 255.......................................40 SECURE SEVEN...............Inside cover TBS.........................................................6

A

MIS

EAST AF RIC

HA

MEAL LIM

ITED

39 The DarProperty 27th NOV 2013