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1 The DarProperty September 2013

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The

Issue No 023 ISSN 1821-7753September 2013

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Tanzania’s Ultimate Property Guide

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Tanzania’s Ultimate Property Guide

The DarProperty is Available in DAR, ARUSHA, MWANZA & ZANZIBAR

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4 The DarProperty September 2013The DarProperty March - April 20122

AVAILABLE FROM:In 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 & Offi cesTanzania Investment Center (TIC) All Major Real Estate Agents

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 HotelSmart Choice SupermarketsShoprite Supermarket

PropertyDar PropertyDarTanzania’s Ultimate Property Guide.

TM

PublisherDarproperty Tanzania

Editor In ChiefMonica Festo

[email protected]

Designs & LayoutsAlan Peter

Dennis [email protected]

Marketing & SalesMichael Francis

[email protected]

DistributionBoniface Metta

Online Content ManagerMbwana Mbura

Sales RepresantativeMilembe Pamba

Brenda NdashukaGlory Mgonja

Business Development & ProductsAbdallah Mugasa

Offi ce Assistant.Brigita Laurance

Regulatory & Legal AdvisorsNexus 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

[email protected]

DistributionShould you have problems in obtaining copies of DarProperty

Magazine, please contact+255 713 888 036

For Comments, Complains & [email protected]

The Darproperty is published by Darproperty Tanzania Company. All rights reserved. cThe 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

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Royal OvenPizzeriaCasinoCofee ShopU-turn SupermarketNono SupermarketImalaseko SupermarketIsamilo LodgeYunni Minni SupermarketMwanza HotelGold Crest HotelJb Belmount HotelRyan’s Bay HotelTilapia HotelVictoria Palace HotelMalaika Beach ResortFast JetBanks & Offi ces

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

Mwanza Points


KEY REAL ESTATE SOLUTIONSRegent Chwaku North Ursino

Tel: +255 22 27016740715 053 803, 0786 053 803,

0754 28 46 [email protected]

www.keyrealestatesolutionstz.com

What is the status of the real estate sector in the country? The trend is changing as

more people now own houses, but the defi cit is still high and real estate is abnormally expensive. One of the main problems is land speculation. Most land owners hold it tightly creating an artifi cial shortage that usually leads to skyrocketing land prices. This makes the cost of acquiring a plot unusually high. Ideally, this affects the ability of low income earners to own houses which is even worse if mortgage is sourced since the cost of house fi nancing also increases. It makes housing expensive and unaffordable.

What should be done to rectify the situation?The only way to reduce the cost of housing is for the government to make land readily available to citizens. Most of it is still un-surveyed and inaccessible or normally given to public servants. Some people have land but with no titles, this makes it diffi cult to access mortgages.

And what roles do you, as real estate agents, play to boost property development in Tanzania?We link developers to buyers and

we ensure that our clients get value for their money. If developers dispose off their properties or projects quite early, they can then develop others quickly to close on the housing defi cit which is still at the high estimated at 40 per cent and this would also help on normalizing the prices.What is your advice to Tanzanians who would like to venture in this business?It’s one of the industries in which investments keep on appreciating in terms of value. Demand is available in whatever section you want to invest in; houses are in demand, offi ce space is ever sought after; ware houses are also in short supply. Big developers will help produce more housing units and lower demand and, hence, prices.

Real estate agencies are mainly found in Dar es Salaam, Mwanza, Dodoma and Arusha. Why do you shun the rest of the country? This development is not accidental but purely demand oriented. Developers will always put real estate in areas where recovery of investment is earliest. The places mentioned are the very ones that have economic importance for a company to open a factory or offi ces or expatriates to reside. The population density is also high in the areas due to availability of services and employment. Other areas with up-and-coming economic activities

LAND SPECULATORS TO BLAME FOR HIGH COST OF

REAL ESTATE IN TZ

LAND SPECULATORS TO BLAME FOR HIGH COST OF

REAL ESTATE IN TZ

like Mtwara will soon experience development; otherwise factors of power, road systems, manufacturing, population density, and other resources will determine how fast big real estate projects will get into a particular area. There should be a justifi able demand.

What is the minimum price for a normal residential house for buyers? Is it possible or benefi cial to the common citizens?Real estate is relatively expensive but this is because the cost of construction is high and land itself is scarce and expensive and owned by few people. An average habitable house will at the lowest cost you Sh150 million

Source: thecitiizen.co.tz


13 The DarProperty September 201313 The DarProperty August 201313 The DarProperty September 201313 The DarProperty 1313 The DarProperty 13 The DarProperty 1313 The DarProperty 1313 The DarProperty 13 The DarProperty The DarProperty13 The DarProperty The DarProperty13 The DarProperty August 2013SeptemberAugust 2013September 2013August 2013 2013

14 The DarProperty August 2013

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15 The DarProperty September 201315 The DarProperty August 201315 The DarProperty September 201315 The DarProperty 1515 The DarProperty 15 The DarProperty 15 The DarProperty The DarProperty15 The DarProperty The DarProperty15 The DarProperty SeptemberThe DarPropertySeptemberSeptember SeptemberSeptemberThe DarPropertySeptember SeptemberThe DarPropertySeptemberAugust 2013SeptemberAugust 2013September 2013August 2013 2013



laws, real estate agents have a long list of responsibilities. Real estate agents typically do the following:• Advise clients on mortgages, market conditions and pricing• Advise sellers on how they can make their homes more attractive to buyers• Compare properties to determine fair and competitive market price• Generate lists of appropriate properties for buyers based on their price range and needs• Guide buyers and sellers through the transaction process• Manage lists of contacts• Mediate negotiations between buyers and sellers

Real estate salespeople, and other licensees who are required to work for and under the umbrella of a

designated broker, are often referred to as real estate agent. In legal language, the term “agent” refers to the strictly defined relationship between a real estate salesperson and the buyers and sellers with whom he or she conducts business. An agent is an individual who is authorized and consents to represent the interests of another person. As an agent, you act to assist people through the process of buying, selling and renting land, homes and other properties.

In addition to meeting licensing requirements and having a comprehensive understanding of pertinent real estate

• Prepare and submit all required paperwork, including various contracts• Present all purchase offers to sellers for consideration• Promote properties through advertising, listing services (such as The Daproperty. MLS) • Show properties to prospective buyers• Solicit potential clients to buy, sell and rent properties• Stay current with real estate laws and trends• Work nights and/or weekends to accommodate clients’ needs Here, we take a look at a few considerations that will help you fulfill your agent responsibilities, while advancing your career as a real estate agent.


Sphere of InfluenceOne way to build contacts and generate leads is through a real estate sphere of influence (SOI) business model. This networking strategy focuses on generating real estate leads through the people you already know, including your family, friends, classmates, business associates, sports team members, and even vendors (like your doctor and hair stylist). The best way to keep track of all the names and contact information is in one place, such as in a spreadsheet program (such as Excel), your email’s contacts database or with commercial software.

Once you have established your SOI database, it is easy to add contacts as you meet people – at

community events, thru mutual acquaintances or by any other means. The more people you have on your list, the larger your SOI and the better your chances for a referral. Plan on sending out a “new agent” announcement – through the mail, phone, email, text or any combination catered to each type of contact – when you begin your career, as well as periodic updates and shout-outs to keep your SOI thinking about you and your real estate services.

Developing a Professional ImageDeveloping and maintaining a professional presence is vital to your success as a real estate agent. Your image is projected through your:

• Appearance – tidy clothing, hair, accessories, makeup. Should be appropriate for your offi ce and local market. Avoid perfume/cologne and revealing clothing (i.e., nothing too tight, too short or too low cut).• Face-to-face meetings – good eye contact, positive body language. Strive to be attentive, engaging and courteous.• Marketing and advertising materials –quality photos and accurate, compelling text. Should be free of grammatical and spelling mistakes.• Phone calls – articulate, engaging and courteous.• Web presence – carefully planned Web site, engaging social media. Should be free of grammatical errors and spelling mistakes.• Written communications – well-written letters, emails and texts free of grammatical errors and spelling mistakes. It is important to note that any presence you have on the Internet – whether for your business or personal life – lasts forever and can easily fi nd its way to your potential clients. Therefore, it is judicious to work toward a professional image both in and out of your real estate career.

Utilizing Tools and TechnologyGoing hand-in-hand with developing a professional image is utilizing tools and technology. Today’s agents can use a number of tools to help organize and promote their real estate businesses, including:

Contact ManagementKeeping track of your clients is a must. You can go basic with a spreadsheet program or an email database program such as Outlook’s, or you can invest in database software designed specifi cally for real estate professionals. Commercial products offer a number of useful features, including automated contact synchronization to your smart phone. No matter how you keep track of your contacts, keep the list current – updating,

adding and deleting contacts as appropriate.

Agent Web SitesConsider setting upyour own domain name and website. While this may seem daunting to some, it is easier than ever to build a professional looking Web site. While large corporations may spend hundreds of thousands, or even millions of dollars, developing and maintaining their Web sites, you can do it for a very small fi nancial investment.

A Web site provides you with a “landing page” to direct your existing and potential clients to, while creating a professional, searchable Web presence. It is possible to have individual property Web sites to promote your listings and keep your sellers happy. You can also take advantage of social media by linking to your Facebook, Twitter and LinkedIn profi les (and any other social media platforms).

MarketingReal estate agent marketing software can help you manage your marketing efforts. These packages typically include templates for business cards, door hangars, postcards, property fl yers, brochures, email campaigns and animated home tours to help you effi ciently reach out to existing and potential clients.

The Bottom LineWorking as a real estate agent has its challenges: you don’t get paid unless you sell, you can work long hours and still have no paycheck, and you have to adapt to changing market conditions. That said, it can be a rewarding career, both fi nancially and professionally. Calling on your sphere of infl uence, projecting a professional image and utilizing today’s real estate tools and technology can help you develop a successful career in real estate.

Written by Jean Folger

>>Tips


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REAL ESTATEThe ABCs of REAL ESTATE MARKET

CONDOMINIUM a system of ownership of individual units in a multi-

unity structure, combined with joint ownership of commonly used property

(sidewalks, hallways, stairs, etc.).

Example: A midrise condominium

TITLE SEARCHES an examination of the public records to determine the

ownership and ENCUMBRANCES affecting REAL PROPERTY.

Example: A buyer wishes to assure receiving CLEAR TITLE to a property.

The buyer authorizes a title search by an experienced attorney. The

attorney examines the public records for all recorded encumbrances and

past claims. The attorney renders to the buyer an ABSRACT OF THE TITLE.

VARIABLE- RATE MORTGAGE (RVM) a long –term MORTGAGE loan

applied to residences, under which the INTEREST RATE may be adjusted on

a 6 – month basis over the term of the loan. Rate increases are restricted

to no more than ½ PONT per year and 2 ½ points over the term. The

term ADJUSTABLE – RATE MORTGAGE (ARM) is now more commonly

used.

Example: Abel obtains a variable –rate mortgage originated at a 6%

interest rate. In 6 months, the index upon which the rate is based increases

by one increased during the year because of the ½ % annual cup.

ACQUISITION, DEVELOPMENT, AND CONSRUCTION (ADC)

LOAN a loan whose purpose is to allow a developer to pay for land put

in streets and utility services, and build improvements.

Example: A real estate developer wishes to create a SHOPPING CENTRE

on a TRACT of land that he has an option to buy. His fi rst step is to

arrange LEASES with TENANTs for much of the proposed space. The next

step is to secure a COMMITMENT for TAKEOUT FINANCING. Then, he

may secure an ADC loan. See CONSTRUCTION LOAN.

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.


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KNIGHT FRANK International House 3rd Floor,Garden Avenue.P.O BOX 9333,Dar es Salaam.Tel +255 22 2113300

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]

SKYMARK REALITIES LTDZanaki st. - Alimanga bldgTel: +255 22 2 134422/33

TZ REAL ESTATE AGENTS LTDHead Office: 7th FloorAmani Place Ohio Street Dar es SalaamTel: +255 756 960-960/ 0714 444 [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 REALTORS & ADVISORShanti House, Sokoine RoadP.O BOX 249 Arusha+255 687 440 044/ 0753 440 0440785 984 [email protected]

EL-SHADAI INVESTMENT LTDP.O BOX 17021 Arusha+255 782 677 068+255 754 421 958

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

AMBASSADOR REAL ESTATE AGENCYSinza Palestina - CCM bldgsP.O. Box 62067 Dar es SalaamMob: +255 784 252741

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

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

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

KATIGA HOUSING EXPERTSP. O. Box 65490 Dar es SalaamTel:+255 2270 1915Cell: +255 764 763 186/+255 658 763 186Email: [email protected]/[email protected]: www.katiga.co.tz

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

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34 The DarProperty August 201300 The DarProperty FEB- MAR 2013

When you have a toothache you will see

the dentist not a mere general medical practioner.

If you are selling a real property advertise with the Darproperty because

we understand the property buyers, process and buying

patterns, offering tailor made service packs and

consultative selling approach.

To Book your space contact us on,0784 23 89 620713 75 18 68022 - 2780 517

[email protected]

PATRONS

ADVERTISERS

INDEXIf you like what you are reading

Buy from our Advertisers, remember to mention you saw theirAdvert in this magazine

ABBASI SIMKOKO.......................................................14

AUTO MOTORS............................................................10

ANATOLIA.....................................................................25

APEX LTD.......................................................................11

BANK OF AFRICA...........................FRONT PAGESTRIP

CHOKOLE INVESTMENT..........................................15

DL PLAZA.................................................INSIDE COVER

HAADI GROUP..............................................................13

HELVETICA SOLAR.......................................................17

KEY REAL ESTATE....................................................6 & 7

KILIMANJARO GOLF...................................................29

LUBERO ........................................................................33

MAISHA ESTATES..........................................................28

MEK ONE PLAZA..........................................................12

MSAMBAZI HOUSING ESTATE LTD...............................

COVER PAGE, 18 & 19

MWANZA ESTATE.......................................................16

R.K CHUDASAMA LTD.........................................3 & 14

TBS....................................................................................5

WYNE...............................INSIDE BACK COVER & 31

PATRON PAGE NO


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darproperty tanzania

ultimate property guide

dar es salaamslipwayj

netalso available onlinescan

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