Darproperty Dec 2014

The Darproperty - Dec 2014 | 1

The

Issue No 34 | ISSN 1821-7753East Africa’s Ultimate Property GuideDecember 2014

www.darproperty.net FREE

COPYwww.darproperty.netFRFRF EEEEECOPOPO Y

LOCAL & INTERNATIONAL EXHIBITORSDiamond Jubilee V.I.P Hall

THE 2ND DARPROPERTY EXPO

T: +254 (20) 2724848M: +254 (739) 203032M: +254 (722) 203032

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Featuring Properties from Tanzania & Kenya

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FOR DETAILSSEE

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4 | The Darproperty - Dec 20144 The DarProperty September 2013The DarProperty March - April 20122

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

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

PublisherDarproperty Tanzania

Editor In ChiefLarson Chumi

[email protected]

Business Development & ProductsAbdallah Mugasa

Designs & LayoutsAlan Peter

Dennis [email protected]

Marketing & SalesMichael Francis

[email protected]

DistributionBoniface Metta

Online Content ManagerMbwana Mbura

Key Accounts ManagerBrenda Ndashuka

Finance & Administration ManagerErick Kessy

Accounts ExecutivesGrey Mateni

Faraji Senkoro

Office Assistant.Brigita Laurance

Regulatory & Legal AdvisorsABC Attorneys

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

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

[email protected]

DistributionShould you have problems in obtaining copies of DarProperty

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

For Comments, Complains & [email protected]

Country Director - KenyaXavier Nanchengwa

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

NairobiSarova Stanley HotelNairobi Serena HotelSarit CentreThika Road MallOil LibyaJava Lounge CafesVillage MarketJunction MallKempinski HotelHilton HotelMega MallReal estate agent OfficesRenowned Restaurants

This magazine is registered by the government of United Republic of Tanzania under the newspaper Act no. 3 of 1976 and the Postmaster General. Registration No. 00005562

AVAILABLE FROM:

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

Disclaimer


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6 | The Darproperty - Dec 2014

For rent | $700 / month

For rent | $1500 / month For rent | $350 per month

For rent | $500

4 Bdrm House - Kijenge Mwanama

3 Bedroom Fully Furnished House -Njiro Gorofa Mbili

2 Bdrm Apartment - Sakina Behind Sakina Supermarket

2 Bedroom House, Kwa Mrefu

For sale | $65,000 Negotiable For sale | $73,000

Plot for Sale - Njiro Kwa Msola Njiro Block D - Plot for Sale 3 bedroom House

3 Bdrm Apartment Burkaa 3 Bdrm Apartment - Njiro Gorofa Mbili

For more properties visit:www.arushahomes.com

Shati House, behind Exim Bank - Clock TowerPlot No. 58, Block E

Sokoine road, Arusha+255 754 337 899+255 786 337 899

[email protected]



For sale | Price on request



Tanzanias leading land & property agent

Dar es Salaam

Tanga / Pangani

Contacts

Arusha

Property img

FOR RENTMbezi Beach- 5 b/r

USD 3,000 / per month

Property img

Dar es Salaam Arusha Tanga / Pangani

Annabel Burdes

Representative Tanga / PanganiTel. +255 784 632 529

[email protected]

Anders Wehtje Raphael Nondi

FounderTel. +255 785 984 467

[email protected]

Manager Dar es SalaamTel. +255 717 032 633

[email protected]

FOR RENTThemi Hill – 5 b/r


FOR SALEAmboni Beach – 4,4 acres

Price on Request

Property img

Property img Property img Property img

FOR RENTMasaki – 3 b/r


FOR RENTJangwani Beach /apts – 3 b/r


FOR RENTOyster Bay – 2 b/r



FOR RENTWest of Arusha – 4 b/rUSD 1,500 / per month

FOR RENTNjiro – Commercial



FOR SALEKilwa - top class

USD 180,000

FOR SALEUshongo Beach

USD 175,000

FOR SALEPangani – 5,6 acresPrice on Request

www.tzagents.com

FOR RENTMakumira – 3 b/r

USD 400 / per month


Property of the month!Lake Manyara - USD 250,000

This plot, measuring 38 acres, is found opposite the main entrance to the Lake Manyara National Park. The NP of Lake Manyara is located about 125 km west of

Arusha and is one of the oldest and most popular in Tanzania. The park has a variety of beautiful forest, grasslands, swamps and the shallow Manyara soda lake with large numbers of flamingos, pelicans and hammercops. The park is also famous for its tree climbing lions along with animals like gazelle, impala, buffalo, wildebeest, hyena, baboon, giraffe, stork and many other bird species. The location is ideal for a lodge / hotel as guests could spend multiple nights and make day trips to Lake Manyara,

Tarangire, Ngorongoro Crater, Lake Eyasi and Lake Natron. The Kirurumu River and a natural spring provides water and Tanesco power is app. 500 metres away. The plot has a 99 year clean title deed. This is a great opportunity for someone who wants to

participate in the future growth of the Tanzanian tourism industry!

PHOTO PHOTO

PHOTOPHOTO

Lake Manyara - USD 250,000

Dar Es SalaamMlimani Tower, �oor no. 8

opposite Mlimani CityTanga

Skuli street,opposite Tanesco ufundi


+255 756 012 987 | [email protected]

We’ve Made it Easier & Simplerwith US.

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Looking for a Mortgage

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A double storey GUESTWING in a secure and neat compound. Living Room, Dining Room, 2 Bedrooms, 2 Bathrooms (1 Ensuite), Cloakroom & Kitchen.

A spacious double storey house on ½ acre in this secure residential area.

Bedrooms, Cloakroom & Kitchen. Garage, 2 Staff Rooms.

MUTHAIGARUNDA MIMOSA TO LET: )egrahc ecivreS( =/000,5.shsK .htnom rep =/000,041.shsK

Ref. 52

TO LET:Kshs.400,000/= per month.

Ref. 69

A delightful and beautifully presented double storey house set in ½ acre of

Bedrooms, 4 Bathrooms (2 Ensuite), Cloakroom, Kitchen & Terrace. Garage, Generator Room, Laundry Room, 3 Staff Rooms.

A 0.5 acre plot located in this secure & developed part of Runda Estate.• Level plot.• Services available.

A modern and secure FOURTH FLOOR APARTMENT conveniently situated in a development of 15 at the junction of Kabete Lane & General Mathenge. Lounge, Dining Room, 4 Bedrooms, 3 Bathrooms with bide (2 Ensuite), Cloakroom, Kitchen & Utility Room. Swimming Pool, Inverter for power backup, 1 DSQ, 2 Car Parks.

A prime FREEHOLD plot for development of MULTISTOREY FLATS. – 0.759 ACRE. There is a delightful old style house which will sadly be lost.

RUNDA – RUAKA DRIVE

RUNDA – BENIN DRIVE

LOWER KABETE – OFF GENERAL MATHENGE DRIVE

LAVINGTON, OTHAYA ROAD

FOR SALE:Kshs. 93 Million.

Ref. 59

FOR SALE:PRICE GUIDE:Kshs. 42 Million.

Ref. 12

FOR SALE:Kshs. 38 million.

Ref. 47

FOR SALE:PRICE GUIDE Kshs. 250 MILLION

(Offers Invited)Ref. 73

A FREEHOLD plot of 0.786 OF AN ACRE with an old style house. AN IDEAL PLOT FOR THE REDEVELOPMENT OF TOWNHOUSES.

LAVINGTON, O WASHIKA ROAD

– OFF ISAAC GATHANJU ROAD

FOR SALE:PRICE GUIDE: Kshs. 190 Million.

(Offers Invited)Ref. 74

Located close to the Sarit Centre, the CBD and schools, a spacious DUPLEX in a secure compound. Living & Dining Room, Family Room, 4 Ensuite Bedrooms, Cloakroom, Laundry Room & Kitchen. Can be sold fully furnished.

A well presented double storey house on 1 ACRE of mature garden in

6 Bedrooms, 5 Bathrooms (4 Ensuite), Kitchen & Cloakroom. Double Garage, Laundry Room, 2 Staff Rooms & Sauna. AVAILABLE 1ST SEPTEMBER 2014.

WESTLANDS FOR SALE:Kshs. 45 Million.

Ref. 77

RUNDA TO LET:Kshs.350,000/= per month.

Ref. 52

A cozy house on ½ acre of mature garden in this secure part of Runda Estate. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (1 Ensuite), Kitchen & Study. Includes 2 Ensuite Guestrooms.

RUNDA – OFF RUAKA ROAD

FOR SALE:Kshs. 100 million.

Ref. 10

A double storey house in a development of SIX each with private compound. 2 Living Rooms, Dining Room, TV Room, 4 Ensuite Bedrooms, Study, Kitchen (includes dishwasher, electric oven, hob and extractor). 1 Staff Room.

LOWER KABETE FOR SALE:Kshs. 80 Million.

Ref. 48

A stunning 10.4 acre Freehold plot on Miotoni road, close to the Ngong Road junction. Masses of beautiful trees and an old double storey house. Frontage to a dam. A VERY IMPORTANT DEVELOPMENT SITE.

FOR SALE:Price Guide Kshs. 640 Million (Offers Invited)

Ref. 104

KAREN, MIOTONI ROAD

+255 756 012 987 | [email protected]

We’ve Made it Easier & Simplerwith US.

Ratesas low as8.5% p.a

Looking for a Mortgage

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Located close to the United Nations & Village market, a double storey

Room, 6 Bedrooms, 5 Bedrooms (3 Ensuite), Kitchen & Pantry. 2 Staff Rooms.

A double storey house o ½ acre of garden in this secure residential

Bedrooms, Cloakroom & Kitchen with Breakfast Area. 2 Staff Rooms, Laundry Room, Generator.

7000 SQ. FEET OF OFFICE SPACE TO LET A double storey house located close to the Village Market, the UN and

Dining Room, Family Room, 5 Ensuite Bedrooms, Kitchen/Store. SWIMMING POOL. AVAILABLE 1ST OCTOBER 2014.

WISPERS AVENUE TO LET:Kshs. 350,000/= per month.

Ref. 27

RUNDA TO LET:Kshs. 320,000/= per month.

Ref. 41

GIGIRI TO LET:US $ 8000.00 per month.

Ref. 6

An immaculate contemporary 6 Bedroom house in a secure compound of 2 with beautiful views of the Karura Forest. 10,000 sq ft. Lounge, Dining Room, TV Room, Study, Kitchen, Cloakroom, Laundry Room with laundry chute & Linen Room. Home theatre, Pool Table, Wine Cellar, Garage, 3 Staff Rooms, Generator, WIFI.

A well built double storey house on ½ acre of garden. Living Room, Dining, 4 Bedrooms, 3 Bathrooms (2 Enusite), Cloakroom & Kitchen. 2 Staff Rooms, Double Carport, Borehole & Well Water.

A FURNISHED GUESTHOUSE in a secure compound. Living Room, 2 Bedrooms, 1 Bathroom & Kitchen.

FURNISHED & SERVICED Apartments in a secure compound of six with forest views. Living/Dining Room, 3 Bedrooms, 2 Bathrooms, (1

A double storey house in a secure development located off Kiambu Road. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (3 Ensuite), Cloakroom & Kitchen. 1 Staff Room.

MUTHAIGA

RUNDA MUMWE

FOURWAYS JUNCTION TO LET:US $ 12,500.00 per month.

Ref. 51

TO LET:Kshs. 300,000/= per month.

Ref. 90


Ref. 15


Ref. 53

TO LET:Kshs. 155,000/= per month. (inclusive service charge).

Ref. 64

RUNDA EVERGREEN

PEPONI

PRICE: Kshs. 58 Million.(UNFURNISHED)

MEDINA PALMS – WATAMUA delightful apartment with beautiful private gardens and beach. This 2 bedroom Penthouse Apartment is one of the best located of its kind in the Medina Palms residential development. Set over two floors with stunning views over the fishing fleet moored in Turtle Bay. Extending to 283 square meters (3,046 square feet), the penthouse includes a large living space combining a reception and dining area with a modern kitchen off to one side. Both bedrooms are spacious, air conditioned with ensuite bathrooms. The master suite opens onto a terrace and has its own dressing room.

A spacious and well presented double storey house on 0.5 acre of

6 Bedrooms, 4 Bathrooms (2 Ensuite), Kitchen with Breakfast Area, Extra Bedroom with bathroom. 2 Staff Rooms.

RUNDA TO LET:Kshs.350,000/= per month.

Ref. 102

An Ambassadorial double storey house on 1 ACRE of mature garden, located close to ISK School, United Nations & Village Market. Living Room & Dining Room (with

KitchenGuestwing: Living / Dining Room, 2 Bedrooms, 1 Bathroom. 2 Staffrooms, Double Garage, Guard House, 5 Kennels, Generator House, Pool House, BBQ Area. SWIMMING POOL.

a double storey house conveniently located close the UN, Embassies and

Bedrooms, 3 Bathrooms(2 Ensuite), Cloakroom & Kitchen. 2 Staff Rooms, Double Garage.

Conveniently located close to Westlands, Sarit Centre & the Village Market, is this secure development of 8 units. Lounge, Dining, 2nd lounge, 3 Ensuite Bedrooms, Kitchen & Pantry. Generator, Borehole, Lifts, Entertainment Area.

A spacious double storey house on ½ acre of garden. Living Room

Kitchen. Generator, 2 Staff Rooms, Guard House.

OFFICES TO LET LOCATED ON UNITED NATIONS AVENUE. Main

each. Automatic Generator that serves the entire property.

A double storey house on ½ acre located in this secure residential area.

Ensuite), Cloakroom & Kitchen. 2 Staff Rooms, Perimeter Wall.

GIGIRI – BOMBAX CLOSE

PARKLANDS – ELDAMA RAVINE

RUNDA – RUNDA LANE

GIGIRI

NYARI ESTATE

TO LET:US $ 9000.00 per month.

Ref. 3


Ref. 51

TO LET:Kshs. 120,000/= per month Kshs. 15,000/= service charge.

Ref. 58

TO LET:Kshs. 400,000/= per month

Ref. 45

TO LET:US $ 8000.00 per month.

Ref. 55

TO LET: Kshs. 300,000/= per month.

Ref. 17

A spacious modern double storey house on ½ acre of garden. Living

Cloakroom, Kitchen & Verandah. Laundry Room, 2 DSQ, Ample Parking.

RUNDA MIMOSA TO LET: Kshs.250,000/= per month.

Ref. 56

A 3 Bedroom, 2 Bathroom GUESTWING in a secure compound. Living Room, Dining Room, Kitchen & Laundry Area. (INCLUSIVE OF WATER AND SECURITY).AVAILABLE 1ST AUGUST 2014.

A spacious double storey house on ½ acre of well maintained garden. Living

Kitchen, Cloakroom & Laundry Area. Pressurized water system, 2 Staff Rooms.

TWO newly built double storey houses on ½ acre of garden each.

Cloakroom & Kitchen.1 Staff Room per house.

RUNDA

RUNDA

LOWER KABETE

TO LET:Kshs. 150,000/= per month

Ref. 72

TO LET: Kshs. 290,000/= per month.

Ref. 37

TO LET:US $ 3500.00 per month. (Each)

Ref. 46

KITISURU

An exceptional property that has recently been refurbished on 1.134 acres ,smoordeB etiusnE 3 ,mooR gniniD ,mooR gniviL .nedrag erutam fo

SWIMMING POOL. Has a 2 Bedroom GUESTWING that has been rented.

RUNDA TO LET:Kshs. 370,000/= per month.

Ref. 67

A contemporary house on 1 ACRE of mature private garden in this exclusive compound of 4 AMBASSADORIALDining Room, Family Room, 5 Bedrooms, 4 Bathrooms, 3 Ensuite, Study, Attic Room, Balcony, Cloakroom & Kitchen. 2 Staff Rooms.

LOWER KABETE TO LET:US $ 5000.00 per month.

Ref. 57

A double storey house located in a quiet cul de sac in a secure location.

Bedrooms, Kitchen & Cloakroom. Automatic Generator, Solar Heating, Ample Water Storage, 2 Staff Rooms.

A well maintained house located in a quiet cul de sac, on 0.75 acre of

Bathrooms (2 Ensuite), Kitchen & Cloakroom. Laundry Area, Double Carport & large Entertainment Area.

A double storey house with character in this secure residential area. Living

(3 Ensuite), Cloakroom & Kitchen. 1 Staff Room SWIMMING POOL, SOLAR, GENERATOR, INTERNET.

RUNDA PEPONI – OFF PEPONI ROAD

RUNDA MIMOSATO LET:Kshs. 400,000/= per month

Ref. 49


Ref. 14

TO LET: Kshs.270,000/= per month.

Ref. 100


16 | The Darproperty - Nov 2014

CALL US NOW!

+255 762 545 866 +255 684 425 142

NEWLY BUILT APARTMENTS AND VILLAS FOR SALE AND FOR RENT PROPERTY FEATURES: Ocean views or Private beach, Swimming pool, Modern kitchen appliances, Fully equipped gym, Air conditioning, Standby generator, 24hrs Elevator, High-end Security & CCTV cameras, Electric fence, Ample parking yard, DSTv connection, 24 hour Management service !

THE REEF APARTMENTS OCEAN WAVE APARTMENTS THE REEF APARTMENTS THE REEF APARTMENTS OCEAN WAVE APARTMENTS OCEAN WAVE APARTMENTS

LOCATION: Msasani Dar es Salaam, Old Bagamoyo Road, Plot 77B/2 (near Msasani Beach Club)

LOCATION: Msasani Dar es Salaam, Old Bagamoyo Road, Plot 389/1 & 2 (opposite JKT)

A MODERN AND SECURE HOME WITH A STUNNING VIEW

��

Email: [email protected] Email: [email protected]




The real estate and property development sector across East Africa has been on an upward trend. The rise is attributed to the property market responding to the development that has been created by the growing middle class with more disposable income. The growth has also been driven by construction and infrastructure development projects in emerging economies such as Rwanda, Burundi and South Sudan.In addition, as the developing economies in Kenya, Tanzania and Uganda attain maturity, there have been rapid infrastructure developments to facilitate regional trade and investments in mining, oil and gas sectors. This has been complementing developments in the hospitality sector, industrial, commercial and residential come up in areas that were previously marked as non-commercial zone. Such rapid developments in infrastructure and housing have seen the growth of real-estate consultancy market.With more construction development projects being implemented, quantity surveyors and real-estate consultancy experts in East Africa are playing a vital role in assisting companies, governments and individuals make informed development decisions. They often make use of their extensive and diverse valuation and consulting experience, which

is focused on delivering high quality and customized serviced to clients.Quantity surveyors advice on the financial management of construction works right from the inception to design, the actual construction, maintenance and creation of formal account. They offer financial advices to contractors and estate developers so that they can work on cost estimates and the expected return. “This gives them the knowledge whether the development is worthy to undertake. If so, they start sourcing for financing” shares Andrew Mandere, a quantity surveyors and the chairman of the Institute of Quantity surveyors of Kenya (IQSK). Property valuers on the other hand address the commercial values of residential property in both rural and urban areas.The quantity surveying sub-sector is within the construction industry, which has been on an upward trend in the East African region in the last three years.Mr. Mandare said there is a lot of construction work and infrastructure development in Kenya and East African region, and this has kept many quantity surveyors busy.He said skyscrapers and other buildings that are coming up in Nairobi, Kampala and other cities in the region could be the result of quantity surveying work that took place two to three years ago.

East Africa’s Real Estate sector on the rise.


building materials attract 16 percent VAT” Mr. Mandere said.In additional to this the VAT imposed on all commercial building, rent and purchase of commercial space.“All these compounded have a negative impact on the growth of the construction industry, which directly affects quantity surveyors and other professionals in the industry ,” he added.Taxation aside, levies of local authorities, which Kenya have been taken over by the county governments, add to the cost of construction.“County governments charge for approval of building plan with some going up by 200 per cent within the past two or so years” Mr. Mandere said.In addition, there are various approvals and levies by relevant state departments and agencies.“Even though this is meant to enforce good order, it does not enhance the construction industry,” Mr. Mandere said.He added that there is need for country

governments to consolidate these levies so that they do not make it cumbersome and too expensive for developers in Kenya.For many years, the University of Nairobi and Makerere University used to be the premier institutions that trained quantity surveyors. Over the past few years, more institutions of higher learning are training quantity surveyors. These institutions, Mr. Mandere said, should be accredited by professional bodies in the region to ensure that qualified graduates enter the job market.“We have started to negotiate with them to review their curriculum and to monitor their training facilities” he said.

The East African

“Such big construction projects take a long time between inception and commencement of the actual construction because financing negotiations and decisions take time to make,” Mr. Mandere said.To developers, it is prudent to engage a registered quantity surveyor. The cost of engaging professional services is sustainable in the long term, as it improves the quantity of construction work.To take the construction sector forward, there is need to have organized planning for cities and urban towns in East African countries, in which quantity surveyors are ready to play a greater role. Quantity surveyors are also calling for the training of the artisans and middle-level cadre professionals to thoroughly inspect buildings and ensure that any ongoing construction work is of high quality. This would prevent cases of collapsed buildings.In Kenya, value-added tax is a major component in construction that hinders the development of the real-estate sector.“This is due to the high costs involved when all

Real Estate


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The end of the years is approaching so does the start of another year and new budgets, if you are a landlord or

landlady then a smile lights up your face, but if you are a tenant, your head has started to spin. Most Tanzanians live in rental houses. As tenants do we all know our rights and what we should do in case we face problems with our landlords or landladies? All of us may have faced some challenge and problems, whether with our landlords or our fellow tenants. Sometimes we get frustrated and we do everything just to please our landlord. Some of the landlords are arrogant, while others are very understanding to their tenants. Most of the problems facing tenants and landlords are about rent and sometimes it goes as far as disturbing neighbors. If you are a good tenant, who fulfils all your duties but still your landlord makes your life a living hell then you need to know the law that governs you or the law that governs your rights as a tenant. To be a tenant you have an obligation of paying rent according to the formality you have agreed on the lease contract making sure that you are taking care of the house without causing any unnecessary damage.

The following are the rights which a tenant must know for they are the main source of problems that seem to arise between landlords and tenants by just looking at most of the cases that have been raised.

• As long as the tenant pays rent and performs routine duties according to the

contract entered and is able to fulfill express or implied conditions in the lease. The tenant has right to enjoy the property leased during the whole period of lease without any unlawful interruption from the lessor or any other person

• Every tenant has the right to privacy. The landlord or landlady cannot access the leased premises every time without a genuine reason a landlord or landlady can only have access to your premises with a special notice or when a legitimate emergency happens such as a fire accident, theft and so on, otherwise it will be interference with privacy of the tenant.

• If you are an annual tenant you have the right to be given a month notice in advance to vacate the premises with genuine reasons, here is the part where some of the landlords do not take into consideration. You cannot just vacate a tenant when you feel like it. It is time to vacate him or her unless you have a good reason of doing so, such as the tenant has breached the contract, he has turned into a nuisance to other tenants and so on.

• As a tenant you have the right to be provided with utility services such as electricity, water and anything that comes out of a pipe out depend on what you have agreed in the contract. A lease agreement should state how much service will be performed and if it will be covered by rent or if the tenant will be liable to pay for such service directly. The landlord will not have

any right to stop this service if you have paid and in case it happens you can write a complaining letter to him and if you do not get any response you have the right to ask for a legal assistance. These are the basic standard of habitation. Hence, it is a tenant’s right to be provided with such services.

• In case of any event of force majeure, such as an earthquake, floods, and volcanic eruptions and so on, the tenant has the right to vacate the premises to save himself or herself from harm. These are just few rights, which are the source of major problems between landlords and their tenants. The land Act 1999 under section 88 and 89 has provided for the rights and duties of both the landlords and tenants. It is good to know your rights so that you can defend yourself and if the problem continues or you do not get any response as landlord/landlady or tenant you can always seek professional advice from a legal officer or an advocate who is an expert in land matters.

Written by: Esther KisanjiThe author is an associate with ABC Attorney of IT Plaza 8th Floor, Dar es Salaam. For more articles, please visit www.abcattorneys.co.tz email the author at [email protected]

What you are entitled to from your landlord as tenant


www.dayliff.com

22 2112515/6 • 22 2184867

27 2547317/8 • 24 2234660/1 • 28 2541971/2

DAR ES SALAAM: KARIAKOO:

ARUSHA: ZANZIBAR: MWANZA:

REAL ESTATEThe ABCs of REAL ESTATE MARKET

Escrow an agreement between two or more parties providing that certain instruments or property be placed with a third part for safekeeping, pending the fulfi llment or performance of a specifi ed act or condition.Example The DEED to the property and the earnest money were both placed in escrow pending fulfi llment of other conditions to the contract.

Escrow account account where funds are held for safekeeping until needed, usually without interest; in real estate, an account that receives the funds needed for expenses the funds needed for expenses such as a property taxes, home owners insurance and mortgage insurance when they come due. Example a homebuyer must deposit $1,000 monthly for PITI. Of that amount $600 is for the lender’s principal and interest requirement. The remaining $400 is deposited into an escrow account held by the lender or servicer, to pay the insurance premium or property tax when it becomes due. Most lenders require that the escrow account always have a positive balance, and few pay interest on amounts the borrower has in the account. Escrow agent any person engaged in the business of receiving escrow for deposit or delivery.Example The title company is serving as the escrow agent. It holds the earnest money and deed, pending fulfi llment of other condition to the contract. Escrow analysis a report, usually conducted at the completion of a calendar year, itemizing all expenditure from and contributions to an escrow account. Also included is a projection of the following year’s monthly payment amount required to reconcile any excess or defi ciency in the account.Example. At the end of the year. Mr Homeowner receiver an escrow analysis indication that next year‘s monthly mortgage payments would increase by $35. Project taxes paid from the account had been larger than anticipated. The lender also gave Mr. Homeowner the option of making a lump- sum payment to the account to avoid the higher monthly payment

Escrow payment part of the borrower’s monthly payment that goes into account (called escrow, impound, or trust) to pay property taxes and insurance when they are due.Example within a $2,000 payment for principal, interest, taxes and insurance $500 iv an escrow payment that is deposited with the lender or loan servicer. The money will be used to pay taxes and insurance premiums when the amount is due.


CLASSIFIEDSkigamboni

4 rooms, 4 bathrooms, 2500sqm40 Metres from the main tarmac road,

+255 713 467 660

RENT tshs 900,000/=3,500/= Residential per meter square

4,000/= Commercial / Residential0755 989 335 / 0755 044 766 /

0767565562

3,500/= Residential per meter square4,000/= Commercial / Residential

0755 989 335 / 0755 044 766 / 0767565562

5,500/= Residential per meter square6,000/= Commercial / Residential

0755 989 335 / 0755 044 766 / 0767565562

Plot for sale at Bunju - few metersoff Bagamoyo road

0754 780 6500789 331 255

1 one acre, Ideal for petrol station0715/0784 281851

mlimani c

ity

100metres from (UDSM) Road,masterbedroom, 2 rooms self contained,

servant quarter with its toilet and bathroom,+255-713-690 220

rent $1500Plot for sale in Kawe situated on themain road, 4,000sqm0786 904 360

ubungo

3 Acres - Ubungo Msewe0718 568 482/ 0758 325 491

SALE 700m

West Kili

manjaro

1,000 Acre Farm located betweenMount Meru and Mount Kilimanjaro

0786 904 360.

sale $3,000,000

kibaha visiga

Visiga - Kibaha Has Title Deed No.7828012,200/= SQM

0756 359529/0754 3665310754 013550/ 0767 010854

Visiga - Kibaha Has Title Deed No.783108,907= SQM

0756 359529/0754 3665310754 013550/ 0767 010854

Plots for sale at Kigamboni,mwasonga-kichangani, 25km from ferry.

(price are negotiable.0717 992 455/ 0787 992 455/ 0767 992 455

SALE

victoria

2 - 3 Bedroom house, 2 Bathrooms,fully furnished, DSTV

0715 053 803

RENT $1600

kibaha visiga

SALE

kigamboni

SALE 12,000/=Tsh/m2

ubungo kibangu

3 Bedroom, 2 Bathroomsbehind Mzee wa Upako Church

0657 376496

SALE 150,000

gezaulo

le

636SQMGezaulole Temeke Municipality,

0715913814 / 0784913814

SALE 15m

3.05 Acre,Title deed no.78280

0767 010 854 / 0684 010 854

11/4 Acre 1 km from Morogoro rd.

0718 568 482 / 0758 325491

6989 sqmeter industrial plot Light Industrial area.

+255 789 234041 | +255 713 853369

LIST YOUR PROPERTY HERE FOR ONLYTSHS 30,000/= VAT EXCL.simply call 0767 200 202

[email protected]

kibaha kongowe

SALE 100m

kisarawe

ubungo kibangu

kigamboni

sale sale sale

kibaha - visiga

kongowe

sale 50m

kibaha visiga

sale 122m

Kunduchi Beach Villas

+255 762 545 866 +255 684 425 142

KUNDUCHI VILLAS

NEWLY BUILT. MOVE IN READY! PREMIUM LOCATION VILLAS

FOR SALE!

price on request

bunju

sale $1,000,000

kawe

mikocheni

sale $1.5m

CONTACT US:+255 22 2181918. +255 22 2181941, +255 784 440272, [email protected]

Plot No. 84/36G Rashid Kawawa Road Opp. Biafra Play Ground Kinondoni

FEATURES: OfficesFully furnishedSwimming pool Modern kitchen appliances Fully equipped gym Air conditioning Standby generator Elevator 24hrs Ample parking DSTv connection High-end security & CCTV cameras 24 hour Management service

Make yourself at Home, Samsa Real Estates offers a personally inspected selection of privately owned,furnished accomodations for rent which includes everything quality,

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real estate ltdsamsa

“Where customer needs are fulfilled”




NAME OFLOCATION RENTAL PRICE (USD) SALE PRICE (USD) P/R COMMENTMuthaiga 3435 1132260 27 Much better to rent than buyKaren 2501 638202 21 Much better to rent than buyWestlands 2848 599054 17 Typically better to rent than buyParklands 1386 534831 32 Much better to rent than buyKileleshwa 2434 404494 13 Much better to buy than rentUpperhill 2331 365169 13 Much better to buy than rentKasarani 810 192921 19 Typically better to rent than buyLangata 2223 372006 13 Much better to buy than rentGigiri 3083 835955 22 Much better to rent than buy

PRICE TO RENT RATIO AS ADVERTISED FOR A 4 (FOUR) BEDROOM PROPERTYIN SELECTED AREAS IN NAIROBI (2014)

NAME OFLOCATION RENTAL PRICE (USD) SALE PRICE (USD) P/R COMMENTMasaki 5806 1000000 14 Much better to buy than rentOysterbay 5043 880000 14 Much better to buy than rentAda Estate 4500 700000 12 Much better to buy than rentMsasani 3200 490000 13 Much better to buy than rentUpanga 2434 600000 14 Much better to buy than rentMikocheni 1942 303333 13 Much better to buy than rentKawe 2470 350000 11 Much better to buy than rentMbezi Beach 1806 201268 9 Much better to buy than rentKijitonyama 577 70800 7 Much better to buy than rent

PRICE TO RENT RATIO AS ADVERTISED FOR A 4 (FOUR) BEDROOM PROPERTY IN SELECTED AREAS IN DSM (2014)

BENCHMARKOn average, in most major western countries cities, the P/R ratio fluctuates between 15 and 25. NoteWhen making the decision to rent or buy a home, it’s not enough to look at home prices and mortgage rates. You also need to look at rental rates for compa-rable properties to understand if it makes more economic sense to buy or rent on a long-term basis. One useful tool is the rent ratio, the ratio of the purchase price of a house divided by the annual rent of a similar home.The rent ratio mimics a flipped version of a metric used in evaluating stocks, the dividend yield. In the case of residential real estate, however, it’s the inverse, the stock price (home price) divided by the

dividend (rent). The concept in play is that every asset has a fundamental value that equals the present value of its future payoff. For stocks, that payoff is its dividend. For a home, that future payoff is a roof over your head. The proxy used for the value of that is the rent one pays for a similar asset in the same market.Experts vary in their opinions as to where the rent ratio tipping point is, but most would agree that it is around 15-20. The higher the ratio, the more you would need a spike in housing prices in the coming years to justify the price you are paying today. So at those levels, it makes sense to • Price-to-rent ratio of 1 to 15 = much better to buy than rent

• Price-to-rent ratio of 16 to 20 = typically better the rent than buy

• Price-to-rent ratio of 21 or more = much better to rent than buy Price to Rent ratio as Advertised for a 4 (four) Bedroom Propertyin selected Areas In NAIROBI (2014)

consider renting. Conversely, if you have a ratio below 15, it may make sense to consider buying a home rather than renting at least from a purely financial perspective.

Data gathered by: Yusuph Mhando.

IN KENYA: Better to rent than buy.IN TANZANIA: Better to buy than rent.

COMPARING THE REAL ESTATE MARKET APOLOGYThis article was published on previous edition with misplaced table (schedule) for the city of Nairobi.We apologize to the readers and user of that information for any inconvinience caused.


NAME OFLOCATION RENTAL PRICE (USD) SALE PRICE (USD) P/R COMMENTMuthaiga 3435 1132260 27 Much better to rent than buyKaren 2501 638202 21 Much better to rent than buyWestlands 2848 599054 17 Typically better to rent than buyParklands 1386 534831 32 Much better to rent than buyKileleshwa 2434 404494 13 Much better to buy than rentUpperhill 2331 365169 13 Much better to buy than rentKasarani 810 192921 19 Typically better to rent than buyLangata 2223 372006 13 Much better to buy than rentGigiri 3083 835955 22 Much better to rent than buy

PRICE TO RENT RATIO AS ADVERTISED FOR A 4 (FOUR) BEDROOM PROPERTYIN SELECTED AREAS IN NAIROBI (2014)

NAME OFLOCATION RENTAL PRICE (USD) SALE PRICE (USD) P/R COMMENTMasaki 5806 1000000 14 Much better to buy than rentOysterbay 5043 880000 14 Much better to buy than rentAda Estate 4500 700000 12 Much better to buy than rentMsasani 3200 490000 13 Much better to buy than rentUpanga 2434 600000 14 Much better to buy than rentMikocheni 1942 303333 13 Much better to buy than rentKawe 2470 350000 11 Much better to buy than rentMbezi Beach 1806 201268 9 Much better to buy than rentKijitonyama 577 70800 7 Much better to buy than rent

PRICE TO RENT RATIO AS ADVERTISED FOR A 4 (FOUR) BEDROOM PROPERTY IN SELECTED AREAS IN DSM (2014)

BENCHMARKOn average, in most major western countries cities, the P/R ratio fluctuates between 15 and 25. NoteWhen making the decision to rent or buy a home, it’s not enough to look at home prices and mortgage rates. You also need to look at rental rates for compa-rable properties to understand if it makes more economic sense to buy or rent on a long-term basis. One useful tool is the rent ratio, the ratio of the purchase price of a house divided by the annual rent of a similar home.The rent ratio mimics a flipped version of a metric used in evaluating stocks, the dividend yield. In the case of residential real estate, however, it’s the inverse, the stock price (home price) divided by the

dividend (rent). The concept in play is that every asset has a fundamental value that equals the present value of its future payoff. For stocks, that payoff is its dividend. For a home, that future payoff is a roof over your head. The proxy used for the value of that is the rent one pays for a similar asset in the same market.Experts vary in their opinions as to where the rent ratio tipping point is, but most would agree that it is around 15-20. The higher the ratio, the more you would need a spike in housing prices in the coming years to justify the price you are paying today. So at those levels, it makes sense to • Price-to-rent ratio of 1 to 15 = much better to buy than rent

• Price-to-rent ratio of 16 to 20 = typically better the rent than buy

• Price-to-rent ratio of 21 or more = much better to rent than buy Price to Rent ratio as Advertised for a 4 (four) Bedroom Propertyin selected Areas In NAIROBI (2014)

consider renting. Conversely, if you have a ratio below 15, it may make sense to consider buying a home rather than renting at least from a purely financial perspective.

Data gathered by: Yusuph Mhando.

IN KENYA: Better to rent than buy.IN TANZANIA: Better to buy than rent.

COMPARING THE REAL ESTATE MARKET APOLOGYThis article was published on previous edition with misplaced table (schedule) for the city of Nairobi.We apologize to the readers and user of that information for any inconvinience caused.


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Designers & Installers of: Designers & Installers of:

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Electrical Gates Electrical Gates Electrical Gates Electrical Gates

& Umbrellas & Umbrellas & Umbrellas & Umbrellas & Umbrellas & Umbrellas & Umbrellas

44 | The Darproperty - Dec 201444 The DarProperty August 2014

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

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

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

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

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

Tanganyika Estate AgentsVillage Walk, close to Sea Cliff Hotel+255 717 032 [email protected]

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

ARUSHA AWESOME HOMES AND PROPERTIES. Shanti House,Plot 58 Block E Sokoine RoadP. O. Box 249 Arusha, [email protected]+255 754 337 899 / +255 786 337 899

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

TANGANYIKA ESTATE AGENTSShoprite Complex,+255 785 984 467 [email protected]

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

MWANZAESTATEMwanzaestate.com+255 714 245 [email protected]

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

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

+255 755 181 222 www.bryanstonproperties.co.tz [email protected]

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

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

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

NEW DAY PROPERTY AGENCY COMPANYMwinyijuma Road - Kinondoni,Room no.84, UVCC Complex+255 753 645 434, +255 717 035 552+255 767 575 758www.facebook.com/ raymond samson Laizer

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

Real Estate AgentsDirectory in Tanzania

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AFRICAN VILLAGE ESTATE............................16

AKIBA COMMERCIAL BANK.................. 18&19

AST................................................................24&25

ARDHI PLAN.......................................................5

ARUSHA AWESOME HOMES...................6

AXIS REAL ESTATE KENYA.............1,34,35

BOA BANK TANZANIA...............................1

CES..............................................................39

CHOKOLE.......................................................... 43

CITY PLAN....................................................10&41

DAVIS & SHIRTLIF..............................................31

DEGE ECO VILLAGE.....................................1&11

JAMII FORUMS............................................45

JJP INSURANCE........................................... 26

JV DEVELOPERS................................................7

KAFKAS GROUP..........................................3&48

KENYA VALUERS & ESTATE AGENTS...13,14,15

LIFEMATE..............................................................23

LONGONOTE GATE.........................................27

MASUMIN..........................................................30

MAWENI ECO VILLAGE..................................10

SAMSA..................................................................33

SPIK N SPAN........................................................42

STANBIC BANK.....................................................2

TANGANYIKA ESTATE AGENTS......................8,9

TATU CITY.........................................................17

TBS.......................................................................22

TEREX...................................................................31

REMAX..............................................................47

R.RWECHUNGURA.............................................42

VISION FURNITURE.............................................29

WASHAPAWA...................................................26

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Darproperty Dec 2014