|Last Updated: Dec 20, 2005|
|DAR ES SALAAM||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|100 sq. m.||70,000||500||8.57%||700||5.00|
|120 sq. m.||90,000||900||12.00%||750||7.50|
|180 sq. m.||140,000||1,300||11.14%||778||7.20|
|200 sq. m.||160,000||1,500||11.25%||800||7.50|
|300 sq. m.||240,000||2,200||11.00%||800||7.30|
|400 sq. m.||320,000||2,700||10.13%||800||6.80|
|500 sq. m.||480,000||3,600||9.00%||800||6.00|
|ZANZIBAR - Beach Estates|
|200 sq. m.||190,000||2,000||12.63%||950||5.00|
|300 sq. m.||320,000||2,500||9.38%||1,067||6.30|
|400 sq. m.||450,000||3,500||9.33%||1,125||8.80|
|Source: Global Property Guide|
Yields are relatively high at around 9% to 12%, because supply of good quality property is so limited. The rent for a 200 sq. m property on the mainland would be around TZS1.77 million (US$1,358) per month, or around Tanzanian shilling (TZS) 7,000 to TZS 8,800 (US$5 – US$7) per square metre (sq. m).
The rent for a 200 sq. m beach estate in Zanzibar would be about TZS2.36 million (US$1,811) monthly. Yields here too are around 9% to 12%.
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