| |
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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