RE/MAX Coastal, Coral Property launch affordable housing project in Dar

DAR ES SALAAM: In response to the government initiative for affordable housing, Coral Property Holdings and RE/MAX Coastal have launched new residential units at Sky Royal at Morocco area in Dar es Salaam.

The executive launch event, which was attended by various dignitaries and stakeholders within the housing sector underscored a dual commitment to providing high-quality, accessible living solutions.

The project was launched by the Lands, Housing and Human Settlement Development, Hon. Jerry Slaa who lauded the two institutions for the great initiative that has come at the right time.

Providing more affordable housing in Tanzania is essential, and its the perfect model for leading institutions to adopt by way of offering mortgages, he said.

He further pointed out that the new move greatly compliments governments efforts to ensure affordable and quality housing for its people. I am appealing to Tanzanians to go for these residential houses am sure with more awareness and marketing we will get there, said the minister.

He called on Coral Property and RE/MAX Coastal to also reconsider investing in other areas like Dodoma where the population in growing by the day hence the rise in demand for affordable housing.

The event featured the unveiling of various unit types within Sky Royal, with a special focus on making luxury accessible.

“Attendees can look forward to exclusive access to 1, 2, and 3-bedroom units with starting prices of USD 81,186, USD 147,427, and USD 191,838 respectively.

Moreover, RE/MAX Coastal is offering an 8% discount on selected units, available on the launch day only, read the statement from the duo.

Mr. Li Jun, CEO of Coral Property Holdings, commented, We are dedicated to supporting the government’s call for affordable housing.

Through developments like Sky Royal, we aim to provide not just homes, but sustainable and efficient living solutions that contribute to the well-being of Tanzanian families.

He said Coral Property Holdings is committed to eco-friendly and sustainable building practices.

Sky Royal integrates green technologies and smart home features to ensure an environmentally friendly and efficient living environment adding that this is a real estate development approved by the Tanzania investment Centre.

On his part, Mr. James Prevost Regional Director of RE/MAX Coastal, added, Our exclusive sales and marketing partnership with Coral Property Holdings for the Sky Royal development allows us to bring a refined, yet accessible living experience to Dar es Salaam.

The launch discount is an invitation to experience luxury at an unprecedented value.

He said Sky Royal is designed not just as a place to live but as an investment in a lifestyle of convenience, luxury, and sustainability.

“The developments strategic location and comprehensive amenities provide an ideal setting for young professionals, families, and business owners, he said.

RE/MAX Coastal is renowned for its expertise in real estate sales and marketing, with a commitment to customer satisfaction and delivering value in the Tanzanian market while Coral Property Holdings has been a leader in real estate development, focusing on innovative, sustainable, and quality housing solutions in Tanzania.

The collaboration between Coral Property Holdings and RE/MAX Coastal for the Sky Royal launch is a landmark effort to enhance the urban landscape of Dar es Salaam.

By aligning their goals with the national housing agenda, both companies are set to transform the real estate sector and enrich the lives of many Tanzanians.


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