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Monday, July 25, 2016

UPPER HILL, KILIMANI MOST EXPENSIVE LAND IN NAIROBI

An acre of land in Upper Hill is going for Sh517million (US$51.7m), data from property manager Hass Consult indicates.

The rapidly growing financial district leads the list of most expensive real estate in Nairobi. Kilimani at Sh430m ($43m) comes in second as it continues to see an upsurge of apartment complexes and commercial developments.

Parklands at Sh402m ($40m) an acre is the third most expensive location with Westlands at Sh398m closely behind.

Rounding off the top 10 are:


Location
Cost (KES)
1
Upper Hill
517,000,000
2
Kilimani
430,000,000
3
Parklands
402,000,000
4
Westlands
398,000,000
5
Kileleshwa
278,000,000
6
Eastleigh
268,000,000
7
Lavington
224,000,000
8
Gigiri
210,000,000
9
Spring Valley
147,000,000
10
Muthaiga
120,000,000


Of Satellite towns around Nairobi, Ruaka is the most expensive at Sh68m an acre followed by Kiambu at Sh38/acre and Mlolongo at Sh23m/acre.

This is Hass's second report on the Land sector this year.

The UAP Tower in Upper Hill

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