The Purchase of a Commercial Building in Dar es Salaam to be used as a Waqf for Direct Aid Society, Tanzania
The Direct Aid Society
The objective of this project aims to generate a regular income to support the educational, health care, and social programs of Direct Aid Society in Tanzania. The Direct Aid Society is the beneficiary and executing agency of the project, and one of the largest, most active and most reputable NGOs in the region, being active in 30 African countries including Yemen.
The project achieves this objective through the purchase of a commercial building that is currently rented to six different tenants, used mostly as office space which the rental revenues to support the organization’s activities. Activities of the organization cover all charitable work, including education, health, relief and care for orphans, wells digging and development projects.
Furthermore, the property consists of a commercial seven-storey office building with two parking floors which covers a per-floor area of 775 m² and a total built-up area of 5,585 m²; it is also located a few meters off Haile Selassie Road in Msasani Peninsula, approximately seven kilometers north of Dar es Salaam city center within Oyster Bay area.