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Research pegs Ethiopia as most affordable location to buy luxury property

A recent study reviewed that Ethiopia is the most affordable location to buy luxury real estate in the emerging markets. ... Full story

Kenya catching up to global real estate investment trust (REITs)

Bringing Kenya’s listed property sector with international publicly traded real estate investments and creating greater investor certainty, Kenyan Authorities have tabled a unified approach to property investment schemes. ... Full story

Kenya’s $540m Garden City opens

Garden City, East Africa’s first integrated residential, retail and office development, officially opened last night with the announcement of a new Business Park. ... Full story

Two Rivers Mall construction on track

Kenya can look forward to the launch of Two Rivers Mall in Nairobi — when it officially opens its doors in October. ... Full story

Ambitious strategy to revive Ethiopia’s new International Airport takes off

Addis Ababa Bole International Airport is in for a mega commercial transformation, with Ethiopian Airport Enterprise (EAE) planning to inject $2.4-billion on upgrading and expanding the country’s airport. ... Full story

Kenya’s house prices grew by 2.4% in Q3 of 2014

Property prices in Nairobi rose by 2.4per cent in the fourth quarter of 2014 which was mainly driven by a sharp increase in asking prices for apartments. ... Full story

Nairobi’s Garden City phase one on schedule for completion

There is an end in sight for phase one of the Sh22.7bn Garden City project on Thika Road in Nairobi, with the grand opening of the mall now set for April. ... Full story

Work on $599m Djibouti international airport to start this year

Construction on the $599 million new international airport in Ali-Sabieh, Djibouti would start this year and expected to be completed in 2018, Pesident Ismail Omar Guelleh announced on Monday this week. ... Full story

Construction of Tanzania’s major port to start in 2015

Tanzania will launch construction of a major Chinese-funded sea port in 2015 to boost the trading capacity of the east African nation, a presidential statement read. ... Full story

Garden City Mall to provide solar panel covered car park canopy

Garden City, the new 32-acre mixed-use development on Nairobi’s Thika Superhighway, has confirmed the installation of Africa’s largest solar panel covered car park canopy on the roof of the Garden City Mall. ... Full story

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