5 Top Estates Preferred by Nairobians in 2023

In 2023, the real estate industry witnessed a significant transformation as property owners grappled with the new life choices made by their clients.

Many Kenyans were forced to adjust and conform to the changing economic circumstances, with the rental sector being particularly affected. It was observed that Nairobi residents opted to move to neighbourhoods that suited their social and financial needs. To shed light on this phenomenon, we've created a compilation of the most favoured estates and the factors contributing to their popularity.

Limuru

Limuru has become a favoured destination for many Kenyans, particularly those living in Nairobi. HassConsult, a real estate firm, has observed a promising trend in their Property Index for the third quarter of this year (July-September), with a 3.2 per cent rise in apartment rental rates in Limuru. The availability of crucial amenities, such as enhanced road infrastructure and medical facilities, has contributed to the strong demand for rentals in Limuru. Furthermore, Limuru's serene ambience and absence of congestion make it an ideal location for families to settle in.

Langata

Langata has proven to be a popular choice for those seeking a change of scenery from the more upscale areas of Karen and Kileleshwa. HassConsult has noticed a significant influx of people to Langata, largely due to the more affordable land prices compared to other urban neighborhoods. For example, while an acre of land in Langata costs Ksh78 million, the same amount of land in Riverside, Kileleshwa, and Westlands is valued at Ksh320 million, Ksh292 million, and Ksh452 million respectively.

The accessibility of the area also played a role in the overall demand for property in Langata. Currently, the region benefits from a network of roads, including the recently opened Kibera Link Road, Langata Road, and Mbagathi Road. Furthermore, Langata boasts a wide range of commercial institutions, healthcare facilities, and recreational parks.

Ngong

Ngong has managed to stay competitive in terms of land and apartment prices, remaining an attractive choice for wealthy investors. The strategic placement of Ngong along Magadi Road ensures seamless and hassle-free transportation to and from the area. In addition, those who decide to move to Ngong can enjoy close access to excellent facilities and amenities, including schools, universities, hospitals, highways, banks, shopping malls, and recreational centres.

According to Username Investments, a real estate company, investing in land and apartments in the area is a strategic move that promises buyers returns of more than ten times their investment. The development of Ngong has been influenced by various infrastructure components, including roads, electricity, water, and drainage.

Ongata Rongai

In recent times, Ongata Rongai has witnessed substantial development. This progress has been propelled by the accessibility of student housing, the extension of the railway network, and the expansion of Magadi Road from Bomas to Kona Baridi. HassConsult has recognized Ongata Rongai as a favoured destination for those interested in purchasing land, surpassing Thika and other neighbouring towns in popularity.

Land prices have risen by 8.2% between July and September, with an acre of land costing over Ksh24 million and a quarter parcel going for Ksh10 million. The rental housing market in Ongata Rongai can meet the demand for housing across different income levels. The sale of pre-built houses has also seen increased activity, leading to higher prices.

Currently, four-bedroom villas are being sold for between Ksh10 million and Ksh13 million, while three-bedroom houses have an average price of Ksh6.5 million. Two-bedroom houses are priced at Ksh4 million, and one-bedroom houses have an average price of Ksh3 million.

Westlands

Westlands, a renowned neighbourhood in Nairobi, has consistently upheld its reputation, drawing in both investors seeking office spaces and individuals in search of trendy residential areas. Its prime location near the Nairobi CBD and plentiful amenities make it the perfect choice. Thanks to its well-connected road network, Westlands has become a sought-after investment hub, especially for entrepreneurs who want to capitalize on the city's vast market. Despite land prices surpassing Ksh100 million per acre, the demand for Westland's properties has not waned.