Dar es Salaam, Tanzania

In Dar es Salaam, the average price per sqm in the city centre is TZS 2,800,000, and TZS 1,650,000 outside the centre (2024 data). Prices have risen 7% since 2024.

A 1-bedroom apartment in Dar es Salaam rents for approximately TZS 850,000 per month in 2024. A 3-bedroom apartment costs around TZS 1,650,000/month.

Buying may offer better long-term value in Dar es Salaam. The price-to-rent ratio is 10.0x — it would take approximately 10.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 18.50%.

The average mortgage rate in Tanzania is approximately 18.50% as of 2024. With a price-to-rent ratio of 10.0x, buyers should carefully weigh mortgage costs against rental savings.

The average property price per square metre in Dar es Salaam city centre is TZS 2,800,000 in 2024. Outside the centre, expect to pay around TZS 1,650,000/sqm.