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The Dar es Salaam real estate market is still in its infancy. The retail market is predominantly informal and grade A office space is going through its first wave of development in the CBD and further north in the Msasani Peninsula.
Speculative development in the office sector may lead to oversupply in the short term, while opportunities exist in the retail sector for smaller, well-designed malls which can be extended in the future to match increasing demand. Improved roads and other infrastructure work will serve as a catalyst for developments along main arterial routes such as Old Bagamoyo Road.
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23 May 2016