East Africa property players to explore investment opportunities at Dar expo
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Tanzania's inaugural Real Estate Expo and Forum (TAREX) will bring together developers, investors, financiers and regulators in Dar es Salaam from November 20-22 to address housing shortages and unlock property investment.
Tanzania's property sector is set to gain a new regional platform with the inaugural Tanzania Real Estate Expo and Forum (TAREX), scheduled for 20-22 November at the Superdome in Masaki, Dar es Salaam. The event will feature a three-day property exhibition and a two-day industry forum.
Developers from Tanzania Mainland, Zanzibar and Kenya are expected to participate, giving prospective buyers and investors an opportunity to compare residential and commercial developments while engaging directly with financiers and professional advisers.
TAREX Director Murtaza Ebrahim said the initiative seeks to bring together stakeholders across the property value chain and create opportunities for investment and collaboration. He noted that Dar es Salaam faces an estimated shortage of about three million housing units in areas around the central business district, while significant opportunities remain in industrial warehousing and Special Economic Zones.
Access to finance is expected to be among the key issues discussed, with commercial banks set to engage developers and prospective buyers through a digital pre-vetting system. The forum will also focus on structural constraints including land disputes, taxation, regulation, construction technology and market pricing, with an emphasis on screening developers to reduce the risk of buyers dealing with fraudulent or unverified sellers.