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For the last one decade, foreign investors have sought to buy into properties in Kenya owing to the phenomenal appreciation of the country’s real estate sector. However, the tide seems to be slowly changing, going by an advertisement by a Dubai-based realtor in the Kenyan market last week.
Deyaar Development, one of the largest developers and real estate service providers in Dubai, has pitched tent in the country and wants ultra-high net worth individuals in Kenya to consider buying into one of their new projects, The Atria. This is a Sh22.5-billion development set for completion at the end of 2017 and comprises serviced apartments.
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