Ndugu the Truth, let me be fair with you and just believe in me the $1.5m houses in Dar are now a common thing! There is an ongoing Bahari Beach Town Development by a private real estate investor, barely off the ground, but already 174 proposed units in one of the 4 adjoining plot have already been fully booked(pre-purchase) and none of these units is less than $220,000; the most expensive is $520,000, and the land lot size is only 320sq.m. In Obay and Masaki you are talking of land lot sizes of over 4,000sq.m and by the way, land values in these areas are anything above $50 per sqm.
True valuers or appraisers/assessors use sales comparison approach in valuing residential properties not just in your USA but also heere in Tz, and we have been astonished at the skyrocketing of property values over the last 3-4 years. A typical swahili house in Kijitonyama fetched hardly Tshs 40m in 2005, today with your Tshs. 100m, you will find it dificult to get a house to buy. I do not thinki this is due to Lukwaza or any EPA money...Tanzania is no longer a producing but a consuming nation, but where do we get the money...maybe laundering...may be too much minerals that are sold our in the illegal market and finally finding its way in real estate! Bongo is Bongo, you can never tell, even the poorest earning person can afford a cell phone, a beer every day and school fees for his kids and will also stay in his own house....mlio nje mlie tu, ni kweli nyumba za bei mbaya zipo mno, hata kama standard hazifikii za huko....ila am not very sure about this. None of the houses in cities like Stockholm, London and Paris can compete against any of the new proeprties being developed and sold in Dar, let us bet...nitawapa mifano kibao
UTAFITI WANGU KUHUSU MRADI WA BAHARI BEACH TOWN NI HUU HAPA:-
The company is Integrated Property Investments (T) Ltd (IPITL). IPITL is a property Development and Investments Company Registered in Tanzania, associated with its namesake in the UK, Integrated Property Investments Limited, (IPIL) through common ownership. However, the two organizations do not form a group.
Up to now, IPITL has acquired about 200acres land in the Bahari Beach area of Ununio in Dar es Salaam for developments of Self sustained, independent state of the Art satelite City comprising of Villas, Town houses, apartments, retail units, community centre and all amenities required in a self sustaining town, thus the deserved naming.
Website yao hawajai-update kwa vitu vingi kuna mabadiliko mengi especially after acquiring more additional lands. The phases of construction have also changed to some extent as oppossed to what is seen in their website. Nafikiri watabadilisha soon as ujenzi ndo umeanza rasmi.
There will therefore be state of the art shopping mall, offices, a hospital, international standard hotel, restaurants, schools and police station, not to mention the modern recreational centres and a ferry service that will link the rich, sandy Bahari beach to the main Dar es Salaam port on the one hand and the exotic Zanzibar islands on the other.
Bahari Beach Town is designed to become a self-contained satellite city providing family-friendly environment for a potential resident population of 6000 people, while its commercial units could serve additional 500000 people within easy commuting area.
BAHARI BEACH PHASE 1
The phase one project on plots 2, 3 and 5 on 50 acre land has started with construction of show homes villa and town house now on foundation stages. This phase will have 71 units of executive villas and 43 units of town house, making the total units in phase one to be 114 as shown in the attached layout plan. The land has also been filled up at a required level and roads in the estate are being graded for tarmac roads construction.
TOWN HOUSES
This immaculately double storey home set in a tranquil location will have one bedroom, a kitchen, dining room, a big living room as well as a common toilet on the ground floor. On the upper floor, there will be three bedrooms including an en-suite master bedroom with a balcony. There will also be a shared bathroom for the two bedrooms next to the master en suite.
Perfectly positioned for superior lifestyle and pleasure! At Bahari Beach, you will be treated to the therapeutic and soothing views of beautiful gardens, whispering palms, and lush greeenery.
The way I see it, it is the first in Dar es Salaam in terms of the magnitude of a gated community complex providing a safe, classy, lock-up and go environment. People will enjoy the spectacular view of the indian ocean from your luxurious residence.
VILLAS
Each typical villa will consist of a large living room, a guest room, a personal refrigerator, a dining room, a kitchen yard, a common bathroom as well as a terrace and an upper lounge. There will also be a carport. The upper floor will consist of three bedrooms including an en-suite master bedroom having a balcony. Each bedroom has an independent bathtub and toilet.
The villas are of executive type and will have sufficient space to provide comfort and accommodation benefiting a well to do family.
The phase one project is expected to be completed within 20 months if everything is in place especially timely supply of construction materials by the Client.
Kuhusu data zako za lot (plot) size si 320sqm! Each executive villa is standing on a medium/low density plot measuring between 1000sqm to 1500. Na kwa town house moja lot size ni 440sqm. Total built up areas for each villa is btwn 436sqm to 440sqm while town house ni 328sqm.
Bei kwa wateja wa mwanzo ni USD 450,000 per each executive villa na 330,000 per each town houses. these are subject to change without prior notice.
Kuhusu methods of valuation (na si Evaluation as most of people pronounse it) there are more than one method, it can be comparison approach by comparing the recent sales in the neighbourhood, income (investment) approach for income generating properties, cost approach basing on cost of construction, and residual method for a bare land (undeveloped land)
Kwa properties ambazo kodi zake ziko juu japo ni residential still we can use income approach like the peninsula properties in Dar.