World Bank values Dar’s real estate Sh273bn more than Nairobi

World Bank values Dar’s real estate Sh273bn more than Nairobi

Our motto: sky is the limit.
We want to top the sub Sahara Africa.
 
in real estate or real property we have no competitors. coz we constructed ultra modern buildings which you can't find anywhere in the region.

ahaaa haaa haaa
 
Livale said:
What you're potraying is hardly different from when the west claims Aliens built the pyramids. You choose to believe a certain blanket statement, despite numerous facts pointing to the contrary, just because you've a bone to pick with Kenya(ns). You should know better.

I've read somewhere that 90% of Dar is a slum, but I don't believe it due to various facts pointing otherwise. Yah, I mean it's a lil more disorganized with very little in the name of zoning but to claim that this city I saw is 90% slum same as to claim that a very tiny portion of Nairobi hold 2.6m people as per some western NGOs ni upuzi wazungu wataka tuamini.
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I think you read something in the lines of 90%(of which is a lie) of dar is squatter developments...

Its squatter yes.. Because it doesn't conform with modern urban concepts.. But its traditionally planned.. These people have roads..open spaces and fundamental basic services ..like dispensaries , schools and religious buildings. .

Usisikilize watu... Dar es salaam is so much in better shape.. It can be upgraded much easily and still keep its originality.. Na Nairobi could hv done a better job if they agreed the slam areas are part and parcel of naii.. Integrate it to the nai metro so people of kibera will enjoy the economic success and enjoy the freedom and guarantee to change and develope their kibera. Manzese is a gud example for dar..
 
Kiukweli hata wingi wa majengo ..Dar imeizidi nairobi ..Kama kuna mkenya ameshafika kariakoo ..that area has alot of 7flr + to 15flr buildings yan ni nying sana ..hapo bado hujaongelea Upanga na Ilala ..Dar ina majengo mengi sana .Try kuangalia Upanga na Kariakoo

Hii pic ni before 2012
8befa815f90e0670ce4c1cacddd12e03.jpg


A part of Upanga
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Livale said:
It's very simple mathematics as to why Dar's property is valued higher than Nairobi's. Office space charge is on average $22 in Dar and $12-$14 in Nai per square meter . So for a 20storey building in both cities, the one in Dar is valued at almost double that of Nairobi for the same floor area space in square meters. To equal Dar in property worth at current prices, Nairobi has to have almost twice the amount of office space and property Dar-es-salaam has.

But Dar has really grown in recent years, it's grand skyline tells a good tale.
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You're an intellectual, good comment
 
Livale said:
It's very simple mathematics as to why Dar's property is valued higher than Nairobi's. Office space charge is on average $22 in Dar and $12-$14 in Nai per square meter . So for a 20storey building in both cities, the one in Dar is valued at almost double that of Nairobi for the same floor area space in square meters. To equal Dar in property worth at current prices, Nairobi has to have almost twice the amount of office space and property Dar-es-salaam has.

But Dar has really grown in recent years, it's grand skyline tells a good tale.
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I bet to differ with you broda.
the methodology that used by them (World Bank) is quite different from what you tried to elucidate here. the bank used the cost or the investment/sunk cost approach, whereby the value of the properties extracted from the contract documents. the contract sum is equated to capital investment.

your methodology which you explained above normally can not depict the investment cost but investment value. and one of the big short fall of this approach is when the occupancy rate is low. when a big portion of building fall vacant, you can't realise the true value of the property.

the bank was researching the capital investment among the countries in the region. it came in a conclusion that, a lot of money have been sunk in Tanzania if you compare with other countries in the region.
so capital expenditure (capex), extracted from contract documents, was the parameter that taken into consideration and NOT the return on the investment.
 
in few years we will be somewhere on the top of sub Sahara Africa list.
 
Tanzanian capital Dar es Salaam’s real estate has been ranked ahead of Nairobi and Addis Ababa in the World Bank’s latest cities report, which cites land fragmentation and weak property rights as the sector’s biggest impediments in Africa.
The report, which was released yesterday, estimates the economic value of Dar’s real estate at Sh1.2 trillion ($12 billion) ahead of Nairobi’s Sh927 billion ($9 billion) – a Sh273 billion gap.

CC: COLLOH-MZII RELOADED
 
we are now focusing the real estate investment in other cities LIKE Mwanza, Arusha, Mbeya, Tanga, Dodoma.
 
jamani kwenye real estate investment tunatisha SANA. for only twenty years, since the abolition of rent restriction ACT and building acquisition ACT, we are topping the region for real estate investment.
 
In few years to come we will be leading the central Afrika and some parts of southern Africa.
Bravo Dar es Salaam.
 
Kafrican said:
over 30% of all new high rise real estate in Africa are bieng built in nairobi. just think about that, 30% share in 54 countries.....
Nairobi is also slated to atain 1st world status by 2020, no other city in the region will be ataining that anytime soon
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did you finally attain it?
 
NairobiWalker said:
The title is quite misleading though. According to the article, Most of Nairobi's office space is private owned hence prices are set to ensure steady returns (due to higher occupation) while Dar's office space is mostly government owned and they don't really care about returns hence a fixed higher rate resulting to the supposed higher value than Nairobi. The article states that Nairobi is the more lucrative market also due to its higher replacement rate.

For those who don't get it, It's more like having 3 tomatoes in Dar selling at 10 shillings each and replacing them every time they're sold. It then happens that in Dar you replace the tomatoes once in a day making a total of 60 shillings. However at any given time the value of your tomatoes in Dar is 30 shillings. meanwhile in Nairobi you have 5 tomatoes going for five shillings each. You replace the tomatoes twice in a day making a total of 75 shillings. However the value of your tomatoes at any given moment is 25 shillings. This simply means you have less yet more valuable tomatoes in Dar and more yet less valuable tomatoes in Nairobi and you make more money from Nairobi's tomatoes than Dar's tomatoes. orina and co. you wouldn't be bashing Nairobi this much if you understood the article well.
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ni huzuni 😂 😂
 
eliakeem said:
In few years to come we will be leading the central Afrika and some parts of southern Africa.
Bravo Dar es Salaam.
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I think it's been more than a few years old friend, why aren't you leading yet? 😆 😆
 
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