UGANDA, Kampala | Real Muloodi News | The real estate landscape in Uganda is experiencing a significant shift, with several suburbs emerging as prime locations for real estate investment opportunities in 2024.
These areas, characterised by accessibility, development potential, and affordability, are drawing the attention of property investors looking for promising real estate investment opportunities.
The suburbs situated both close to and farther away from the city centre, offer a range of options for investors with varying budgets.
The Greater Kampala Metropolitan Area (GKMA) has been a focal point for real estate investment, driven by factors such as the appreciation of land value, rapid population growth, and ongoing urbanisation.
However, the increasing property prices in well-established suburbs like Muyenga, Luzira, Lubaga, and Ntinda have made it challenging for the average individual to afford land or property. This has led investors to explore alternative suburbs further into the country, where land prices remain within reach for many.
A crucial factor influencing the attractiveness of these emerging suburbs is the improvement of infrastructure, particularly roads.
The construction of better roads facilitates easier access, making these areas more appealing to investors. When a good road is built, it often sparks an influx of investors keen on seizing opportunities in these previously overlooked suburbs.
One notable development is the new Kampala-Entebbe Expressway, which stretches from Munyonyo and Busega, passing through Kajjansi on its way to Entebbe.
Villages along this route are gradually gaining attention from property investors, drawn by the prospect of quick airport accessibility.
However, some areas along this highway, such as Kigo and Kajjansi, are already witnessing increased property prices, ranging from USh800 million to USh1 billion per acre.
Kigo and Kajjansi, less than 10 kilometres from the city centre and less than 15 minutes from the airport have become focal points for high-end property investors.
The availability of undeveloped land in these areas provides developers with opportunities to create modern estates.
The ongoing upgrade of the Kasangati-Matugga Road is also contributing to the rising value of properties along this route, particularly in places like Mawule, where an acre ranges from USh180 million to USh200 million.
Further east, Nsassa, located between the highly developed suburbs of Namugongo and Kira, has gained attention due to its strategic location and the construction of a main road through the village.
An acre in Nsassa ranges from USh600 million to USh700 million, presenting an attractive option for investors looking to tap into the demand from Kampala’s working class.
Namanve, positioned 11 kilometres east of Kampala City, stands out for its industrial and business potential. With about 52 fully operational factories employing around 16,000 Ugandans, the area creates demand for both commercial and residential properties.
The industrialisation along Jinja Road makes Namanve an appealing prospect for investors seeking diverse opportunities.
In the south of Kampala, suburbs like Nakawuka, Sissa, and Kasangye are emerging as new investment attractions.
The planned upgrade of the Nateete-Nakawuka Road adds to the appeal of these areas. An acre in these southern suburbs costs between USh50 million and USh350 million, depending on various factors such as location, proximity to the main road, and direction towards the lake.
Standard plots are available for as low as USh15 million, making these areas ripe for investment.
As one moves farther away from the city, opportunities for affordable land deals increase. Districts like Mpigi, Nakaseke, Kayunga, and others offer good land deals, with the potential for an acre to be priced even lower than USh5 million in some areas.
While these regions are ideal for country homes and farms, the affordability and available infrastructure make them suitable for commuting to and from town for those who choose to reside there.
Investors are carefully considering these emerging suburbs, evaluating the potential returns and growth prospects as Uganda’s real estate landscape continues to evolve in 2024.
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