REAL ESTATE DEVELOPMENT

Accommodation in Dar es Salaam and other cosmopolitan areas is in acute shortage due to, among other reasons, the rapid growth of economic projects which has attracted a huge population of persons (both international and local) with increased demand for residence. Investors may form synergies with the National Housing Corporation (NHC) or the Tanzania Building Agency (TBA), or other private firms to provide commercial building solutions for commercial and residential purposes.

• Population: 60 million at a growth rate of 2.7% p.a.
• Government Head Quarter and functions moved from Dar es Salaam to Dodoma the Capital
• High demand for residential houses, hotels &hotel apartments, and offices accommodation in the new Capital
• Demand for modern housing is increasing across the country