As the real estate landscape in Kenya continues to evolve, exciting projects are shaping the future of housing and investment opportunities. Acre is thrilled to present the top five upcoming real estate projects that are set to redefine luxury, comfort, and investment potential in the region.
The Kenyatta family is embarking on an extensive real estate endeavor with the development of Northlands City, an 11,000-acre mixed-use estate located in Ruiru, approximately 15km from Nairobi’s city center. Estimated to cost Sh500 billion, the project is envisioned to accommodate around 250,000 residents and will encompass residential, industrial, and commercial units. The master plan allocates 3,570 acres for housing, including low, medium, and high-density segments, featuring a total of 601 villas, 1,320 townhouses, and over 10,000 units in blocks of flats. Additionally, 390 acres are designated for a business district, with provisions for a shopping mall, hotel, and clubhouse.
The industrial park, spanning 695 acres, includes areas for a logistics park and Brookside Dairies. A significant portion, 5,156 acres, is earmarked for wildlife conservation and agriculture, with Gicheha Farm as the primary occupant. The ambitious Northlands City master plan is set to unfold in four phases over a span of 50 years, with construction activities initiated in October 2018, focusing on comprehensive infrastructure development, including roads, water, sewer, electricity, and internet connectivity.
Tatu City, an ambitious urban development in Kenya, has experienced substantial growth since 2016 when its international investors secured legal support. With a long-term goal of alleviating congestion in Nairobi, the 5,000-acre project has attracted over KES 15 billion in investments, and an additional KES 40 billion is planned by American, Norwegian, British, and New Zealand investors. The development, estimated to cost over KES 200 billion, encompasses a mix of residential, industrial, and commercial units. Notably, the Tatu Industrial Park, one of East Africa’s largest industrial zones, hosts over 50 operational companies, reflecting an investment of over KSh70 billion. The residential aspect includes plans for 5,000 affordable houses, with developments by Lifestyle Properties and Unity Homes. Schools such as Nova Pioneer and Crawford International School are operational in Tatu City, along with a training academy in partnership with Arc Skills. Tatu City has emerged as a significant player in Kenya’s urban development landscape, illustrating diverse industrial and residential progress.
3. 88 Condominium
Set to be Africa’s tallest residential tower, the 88 Nairobi Condominium is a pioneering 44-floor development strategically positioned between Milimani and Upper Hill in Nairobi. This ambitious project by Lordship Africa targets over 40,000 executives in the Upper Hill business precinct, offering 288 serviced apartments ranging from Sh11 million to Sh30 million on a 2-acre site. Boasting amenities like a restaurant, convenience store, gym, spa facilities, indoor pool, and a 435-bay parking lot, the project will secure funding through equity, debt financing, and presales income. Simultaneously, the 88 Nairobi Condominium aims to redefine luxury living as a fully residential building on a 1-acre plot in Nairobi’s Upper Hill neighborhood. With a projected cost of $42.8 million Ksh 6.7B, this architectural marvel stands at 176 meters with 44 floors and features 15,000 square feet of rentable space, smart home technology, and premium amenities like a restaurant, swimming pool, and gym
4. 2 Rivers Development
The Two Rivers development, spanning 102 acres in Nairobi, Kenya, is positioned to become the region’s premier mixed-use urban node, aiming to be the financial hub and preferred business and residential district within the diplomatic Blue Zone area. With a current investment of $150 million (Ksh24B)from both local and international sources, the development has generated over 2000 jobs and is a flagship project under Kenya’s Vision 2030 initiative. The vision for Two Rivers includes creating a world-class master plan that integrates retail, entertainment, lifestyle facilities, a five-star hotel, three-star hotel, healthcare facilities, commercial spaces, luxury residential apartments, civic amenities, and recreational spaces. Additionally, the development boasts the biggest mall in sub-Saharan Africa and the tallest Ferris wheel in the continent.
The Tilisi mixed-use development, spanning 400 acres on the outskirts of Nairobi, has made significant progress since breaking ground in October 2019. The Tilisi Views, a residential segment of the project, offers completed three, four, and five-bedroom villas on eighth, quarter, and half-acre plots. Prices range from Sh21.5 million to Sh67 million, with mortgage options available. The development emphasizes competitive pricing and diverse villa designs, emphasizing value for money and quality amenities like a clubhouse, children’s play area, and a swimming pool. The entire development, valued at approximately Sh50 billion, includes infrastructure investments of Sh4 billion, with roads already paved and boreholes dug. Half of the 400 acres have been sold, attracting various companies for diverse projects, contributing to Tilisi’s vision of providing a city and homes for generations to come.