REAL ESTATE IN TANZANIA

Real estate in Tanzania is a dynamic market with options for buying, selling, and renting residential and commercial properties across the country. The market is dominated by residential real estate and is served by a wide range of services from local and international companies. Key services include property management, brokerage, appraisal, and development, with transactions happening in major cities like Dar es Salaam, Arusha, Mwanza and the capital Dodoma.

Market Overview

The real estate market in Tanzania is projected to reach a significant value, with residential properties making up the largest segment. The market offers a wide variety of properties, including houses, apartments/flats, land, and commercial spaces. Services like property management, brokerage, and appraisal are available from various companies.

Key Locations

• Dar es Salaam: The commercial capital and a major hub with a large market for both residential and commercial properties, particularly in areas like Masaki, Oysterbay, and others.
• Dodoma: The capital city offers a growing market for residential and commercial properties in emerging new townships such as Mtumba, Ihumwa, Nala, Chahwa, Kitelela, Iyumbu, and Msalato.
• Zanzibar: The island’s real estate market includes villas, houses, and apartments available in Stone Town, Paje, Nungwi, and Pemba.
• Other Major Towns: Mwanza, Arusha, Mbeya, Tanga, Mtwara, Iringa, Moshi, and others.

Real Estate Services

• (a) Brokerage and Sales: Many companies provide brokerage services for both buying and selling properties.
• (b) Property Management: Services include leasing, tenant relations, maintenance, and security.
• (c) Property Development: Companies are involved in developing new real estate projects.
• (d) Appraisals and Information: Specialized services like property appraisals and market insights are available.

How to Get Started (Investing)

Contact a reputable real estate agency or use online property portals to browse listings. Identify your needs and budget, whether you are looking to buy, sell, or rent residential or commercial property. Explore different locations such as Dar es Salaam, Dodoma, or coastal areas like Zanzibar. Consider consulting with an expert for guidance on the legal aspects of property ownership in Tanzania, as the state has ultimate authority over land.

Mevity Company Limited offers an exclusive guide for both Natives and Foreigners to invest in the Real Estate Industry in Tanzania. We're dedicated to excellence and professionalism.