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139 articles in Real Estate News · page 5 of 12
Why Wealthy Kenyans Invest In Property In Dubai
There has been a notable trend among wealthy Kenyans investing in foreign real estate markets, particularly in Dubai. But what makes Dubai such an attractive destination for Kenyan investors? According to The Dubai Nomad , Dubai is home to approximately over 50,000 Kenyans, most of whom move there for work. Many Kenyans go to the UAE for better job opportunities, while others see it as a chance to expand their investments. Data from the Dubai Land Department shows that Dubai’s sales value in August 2024 reached Dh37.3 billion (approximately Ksh 1.492 trillion), marking a 33% increase compared to August of the previous year. Additionally, the total number of sales saw a year-on-year growth of 36%, with 14,922 transactions recorded. This is only Dubai. Bear in mind that U.A.E has 6
How to Use Our Home Loan Mortgage Calculator
Purchasing a new home is an exciting milestone but it can also be a complex process, especially when it comes to financing. Fortunately, our FREE and easy-to-use and online Home Loan Mortgage Calculator is here to streamline your home ownership journey. In this blog post, we’ll guide you through how to use the mortgage calculator tool. This will enable you to make informed decisions and discover the perfect mortgage for your dream home. Table of Contents Understanding the Mortgage Calculator How the Mortgage Calculator Works Frequently Asked Questions
Most Iconic Buildings in Nairobi and the Stories Behind Them
Kenya’s bustling capital, Nairobi, has earned the nickname “The New York of Africa.” This vibrant city boasts a skyline that mixes architectural beauty, historical landmarks, and cutting-edge modernity. Nairobi’s skyline is dotted with iconic buildings, each with a unique story that reflects the city’s journey from a humble railway town to a hub of culture, commerce, and innovation in Africa. Here are some of the most iconic buildings in Nairobi and the captivating stories behind them. READ ALSO: Kenya at 60 (Jamhuri Day) Iconic buildings That Are 60 Years And Older. Table of Contents Kenyatta International Conference Centre (KICC) The Times Tower Giraffe Manor
Mega Projects and How They Are Shaping Urban Living in Kenya
Kenya is rapidly transforming. Konza’s phased development focuses first on infrastructure, including roads, power, and water systems, with an aim to attract global tech talent . While the original 2022 goal hasn’t yet been met, the project remains a vital step toward addressing Kenya’s urban housing shortage, with demand expected to skyrocket to nearly 300,000 units per year by 2050 Kenya is rapidly transforming, driven by ambitious mega projects aimed at improving infrastructure, fostering economic growth, and enhancing the quality of life for urban residents. From major transportation systems to high-tech cities, these initiatives are changing the way people live, work, and interact in urban areas. The groundwork for this transformation was laid in 2008, when the Kenyan government launched its
The Wonders of the Las Vegas Sphere – A Technological Marvel
The Las Vegas Sphere, officially named MSG Sphere, is one of the most groundbreaking and awe-inspiring architectural and technological achievements of recent years. Opened in 2023, this unique venue has quickly become a must-see attraction in Las Vegas, combining entertainment, art and cutting-edge technology in a way never seen before. Table of Contents An Architectural Masterpiece Cutting-Edge Technology A New Era for Entertainment Environmental Considerations Conclusion An Architectural Masterpiece
The Nairobi Metropolitan Area (NMA) Industrial Market Overview
Over the past seven years, the Nairobi Metropolitan Area (NMA) has been at the forefront of Kenya’s industrial market growth. This region, which includes Nairobi, Kiambu, Machakos, and Kajiado Counties, has recorded the highest concentration of industrial projects in the country. The growth in the area has been driven by several factors such as the surge in e-commerce, demand for high-quality facilities, favorable demographics, enhanced infrastructure, government-led initiatives aligned with Vision 2030 and Nairobi’s role as East Africa’s business hub which has attracted foreign investments. Table of Contents The NMA Accounts for 90% of Kenya’s Industrial Market Space Nairobi and Kiambu Counties Lead in
Superior Homes Opens First Truck Stop Along Northern Corridor on Nairobi-Mombasa Highway
Superior Homes Kenya has made a significant stride in improving road safety and logistics along Kenya’s key trade route, the Northern Corridor, by opening the first-ever truck stopover complex. Dubbed Supastop , the facility is located in Sultan Hamud along the busy Nairobi-Mombasa highway. Table of Contents Addressing a Critical Need Promoting Road Safety Key Features of Supastop A Vision for the Future Conclusion Addressing a C
How Airbnb and Short-Term Rentals Are Affecting the Real Estate Market
The rise of Airbnb and short-term rentals has significantly altered the global real estate landscape, and Kenya is no exception. With Nairobi, Mombasa, and key tourist destinations like Diani, Nanyuki and Naivasha seeing a surge in demand for short-term accommodations, Airbnb and similar platforms have created both opportunities and challenges for property owners, developers, and real estate investors. The impact of these platforms on Kenya’s real estate market can be examined from various angles, including property prices, rental yields, and housing availability. READ MORE: How to Start an Airbnb Business in Kenya and Make Money Table of Contents 1. Increased Demand for Investment Properties How This Affect
Housing Levy Bill Passes: A Major Win for Kenya Kwanza Government, A Concern for Many
Table of Contents The Controversial Decision Key Points of the Bill Marathon Debate and Decisive Outcome Proposed Relief Thwarted Government Amendments and Oversight Ripples Through Real Estate and Public Sentiment Forward Motion Amidst Controversy A Future Shaped by Policy The Controversial Decision
Changes in Land Use and Zoning Laws Over the Years in Kenya
Land use and zoning laws in Kenya have undergone significant transformations over the years, driven by rapid urbanization, economic growth and evolving societal needs. These regulations, which dictate how land can be used and developed, have been shaped by both national and local government policies aimed at balancing sustainable development with environmental conservation. READ MORE – What to Know About Property Laws in Kenya This article explores the key changes in land use and zoning laws in Kenya and how these shifts have influenced real estate development, urban planning and land ownership. Table of Contents 1. Early Zoning and Land Use Regulations in Kenya 2. Post-Independe
BuyRentKenya Wins Best Real Estate Marketplace at E-commerce Awards.
BuyRentKenya, the trusted real estate company that connects people to properties, emerged top at this year’s E-commerce awards under the category of Best Real Estate Marketplace. Held on the 20th June at Movenpick Hotel and Residences located in Westlands, Nairobi, the award ceremony was populated by a number of other industry professionals in the E-commerce industry. Receiving the Best Real Estate Marketplace award at the E-commerce Awards highlights and solidifies the company’s leadership in the real estate sector. The award celebrates the company’s role in transforming the real estate market through the use of technology and a strong focus on customer satisfaction. Looking ahead, BuyRentKenya is poised to continue its trajectory of growth and innovation. With its unwavering commitment to excellence, BuyRentKenya is set to remain at the forefront of the real estate marketplace in
Sustainable Construction Practices and Materials: Building a Greener Future
In recent years, the world has experienced significant climate deterioration, largely attributed to human activities such as the emission of greenhouse gasses. Sustainable construction is a holistic approach to building that minimizes environmental impact while promoting social and economic benefits. Beyond environmental protection, sustainable construction offers economic and social benefits. Sustainable construction can enhance a company’s reputation and competitiveness in the marketplace In recent years, the world has experienced significant climate deterioration, largely attributed to human activities such as the emission of greenhouse gasses. These emissions have accelerated global warming, leading to more frequent and severe weather events, rising sea levels, and other environmental challenges. Co