When buying property land in Kenya, location is one of the
important factors to consider Importance
of location in real estate purchase always seem most underestimated
yet it is what translates into profitability for the investment. The Hass
consult has revealed most profitable areas you can invest in land and have high
returns within a very short period of time. Despite the high prices, the
occupation is also high and this provides an opportunity for investors looking
to put up rental apartments or put up houses for sale. There so
many best
places to invest in real estate in Nairobi.
These
are the most profitable areas in Nairobi suburbs that you can consider
investing in.
Karen
is a high-end neighborhood in Nairobi located approximately 16 km South West of
the Nairobi CBD. It was predominantly a residential area but relaxation of
zoning regulations has seen an increase in commercial developments, the most notable
ones being The Hub Mall along Dagoretti Road, Galleria Mall at the junction of
Magadi and Lang’ata Road and the recently opened, Karen Waterfront along
Langata Road.
In
terms of land for development, Karen remains relatively affordable for developers
in the high-end market. During the first quarter of 2021, an acre of land in
Karen was selling at Ksh62.8 million. As the year came to a close, the same
acre of land was selling at Ksh64.4 million - indicating a Ksh1.6 million
spike.
2. Kileleshwa
Kileleshwa
is one of the oldest estates in Nairobi, a middle classs suburb to live in.
Kenton College, an international primary school, is located here. There are no
supermarkets but dukas sell essentials such as fresh fruit, bottled water,
toilet paper, painkillers, milk and bread. The beautiful Nairobi
Arboretum, which is popular with families and prayer groups on Sunday, divides
Kileleshwa from the city centre. Investors looking for high return investment
avenues have an opportunity here. An acre of land rose from Ksh231.3 million to
Ksh232 million
3. Muthaiga
Muthaiga
is about 2.5 miles northeast of Nairobi City Center. On the north, it is
largely surrounded by the Karura, the city’s largest urban forest. Limuru Road
and the Mathare River are on the southern side, and the Thika Super Highway and
Kiambu Road are on the east. Six Parklands Avenue form the western border. It
is Nairobi’s most-affluent neighborhood, offering Privacy and lush
landscapes. Some of Kenya’s wealthiest business owners live in this area with
close proximity to the city center. it’s a very prime place
those with wealth and social standing want to own property.
Muthaiga
indicated an increase of Ksh3.7 million (from Ksh185.7 million to Ksh189.4
million).
4. Parklands
Parklands,
is a neighbourhood in the city of Nairobi, the capital and largest city in
Kenya. It is divided into numbered avenues. The name arises from the proximity
of the area to City Park, Nairobi.
Parklands
indicated an increase of Ksh9.9 million - with the price skyrocketing from ksh
375 million to ksh 384.9 million.
5. Nyari
Nyari
is a suburb located at Red Hill Road, Red Hill Drive ,Nairobi. Its the on of
the best areas you can consider investing in
Nyari
was the best performing suburb with prices increasing by 7.18 per cent
6. Spring Valley
Spring
Valley is located beyond Westlands and it is a beautiful neighbourhood
surrounded by trees and a natural environment. Local amenities are
convenient and accessible to residents with shopping centres, sporting venues
and entertainment spots in close proximity. The roads are well-maintained
and most of the developments sit on mature gardens that are ideal for those who
enjoy the peace and serenity that Mother Nature provides.
Spring
Valley recorded the highest price increase in the final quarter (2.2 per cent).
Read: 8 Best Places to Live in Nairobi for Under KSH20, 000 Monthly
7. UpperHill
Upper
Hill is a district of the city of Nairobi, with several
multinational corporations setting up offices. In the 2000s, as land and
office space became scarce and exorbitantly priced in the central business
district, businesses relocated to Upper Hill and Westlands, where land and
office space were more readily available and less expensive. Today, Upper Hill
possesses a new modern skyline that is still being filled by modern skyscrapers
of different and prestigious designs in the architectural world
An
acre in UpperHill is the most expensive in the city at Ksh509.7 million
8. Westlands
Westlands
is located approximately 5.9 km North-western of Nairobi CBD and is accessible
via Chiromo Road. The area is surrounded by upper middle-income neighborhoods
such as Parklands, Riverside, Kileleshwa and Spring Valley it is one of
the most vibrant and fastest-growing districts in the upmarket area of Nairobi.
The area of focus is well endowed with both infrastructure and amenities such
as good roads, hospitals, education institutions, shopping malls, restaurants,
and financial institutions. It is is well developed and connected, hence
the demand for land is high whiles the supply is limited.
Westlands
had an acre of land hit Ksh191.1 million in December 2021 from the initial
price of Ksh30.3 million in December 2007.
9. Lang’ata
Lang'ata
is a predominantly middle-class residential suburb of Nairobi. It lies
southwest of the city's central business district, east of karen,
approximately 18 kilometers by road, from the centre of Nairobi. The
suburb consists of many smaller housing developments, estates which include
Nairobi Dam, Otiende, Southlands, Ngei, Jambo estate, Onyonka, Madaraka
Estate, Kutch Prant, Rubia, NHC Langata, Akiba, Sun Valley, Royal Park and many
others. These developments are primarily maisonettes or apartment blocks. Wilson
Airport, the largest private airport in Kenya, is found in Lang'ata. Strathmore
university,the Nairobi japanesse school main campus of catholic university of
east Africa and brookhouse school are found in Lang’ata. It is fairly a good
place for real estate investment
Lang’ata
recorded an increase in prices gaining 6.1 per cent from ksh63.7 million an
acre in 2020 to Ksh67.6 million last year
10. Kilimani
Kilimani is
an affluent neighborhood in the city of Nairobi. State House Nairobi, the
official residence of the President of Kenya is located in Kilimani, on State
House Road. Kilimani Primary School, Milimani Primary School, St Hannah's
School, St. Nicholas School, St Christophers School, Cavina School are all
located in the neighborhood .The Lycée Denis Diderot, the French international
school, is in Kilimani. Adam's Arcade is the oldest shopping centre of its
kind in Kilimani, Nairobi, Kenya, as well as East and Central Africa as a
whole. The Nairobi Arboretum, featuring more than 300 exotic and
indigenous tree species, is located in Kilimani, adjacent to State House
The
land prices in Kilimani per acre have changed from 114M in 2011 to 385M in 2021
and its currently at 413.1M. The significant change has been brought about by
the development of infrastructure and social amenities in the area.
However,
the report indicates that the satellite towns have had land values increase
9.61 times since December 2007, compared to Nairobi suburbs where land values
have increased by only 6.32 fold despite being the priciest. The
satellites includes, Ruaka ,that recorded the highest land value where an
acre costs an average of Ksh89.1 million followed by Kiambu town at Ksh39.3
million, Mlolongo Ksh31.4 million, and Ruiru Ksh26.9
million. These are the area that you can also consider owning a land
Important
to Read: Property
Prices Increase Fastest In Nairobi And In Satellite Towns Around Nairobi
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