Somalia, a country once ravaged by two decades of civil war, is experiencing a remarkable transformation in its real estate sector. After years of instability and destruction, Mogadishu, the capital city, is witnessing a surge in housing development, driven by the return of diaspora Somalis and the influx of investment from newly wealthy businessmen. This […]
Somalia’s real estate industry has witnessed massive development in recent years, contributing to the urbanization and infrastructure growth. This study aims to investigate the determinants of residential property rents in Somalia and assess whether these rents are fairly valued. By employing a two-stage modeling approach, the research provides insights into the factors influencing rental prices […]
Somalia, a country with a population of 15.8 million, faces a significant housing crisis. With 60% of the population residing in rural areas and a growing urban population, the demand for housing is outpacing supply. The country’s GDP in 2020 was $7,628 million, with a per capita income of $502, and almost 70% of the […]
One of the foremost things that business owners and successful people do is to build their tangible assets. And one of the widely invested tangible assets is the property or house. Management of tangible assets is far more burdensome as it may include both legal and nonlegal matters. Africa is one of the most desirable […]
In a region of Mogadishu, the environment is constantly changing. Property investment projects are being developed in rural areas. The Somali minority considers it as an investment opportunity. Salaam Somali bank conceived this one. The Daru Salam is home to approximately 5,000 families. Hassan Hashi, who lived in Canada for 30 years: ‘Daru Salam is the city […]
Somalia, one of the world’s most unsafe countries, has produced a housing bubble for the first time. As a result, people are fleeing to these remote locations hoping that civil disorder will not overtake them for a while. Every day, new entrepreneurs emerge. According to The Wall Street Journal, Abdullahi Nur, a 41-year-old former restaurateur, […]
Among the best actions that were undertaken, the pacific elections of February 2017 determined the new president and a federal parliament were women and young people are better represented; several autonomous states were also created. The main economic action is the elaboration of the first National Plan of Development (2017-2019) that gives the priorities for […]
Many people in Africa are moving from the rural to urban areas, and this trend will not come to an end anytime soon. The migration is influenced by the high growth of the African economy in the urban areas. Technological revolutions and infrastructural developments are among a list of favorable factors that are attracting people […]
The groundbreaking ceremony for 88 Nairobi condominium occurred yesterday, February 6, 208. Upon completion, the building will set a new record in sub-Saharan Africa as the tallest. The foundations of the buildings will be laid in Nairobi Upper-hill district. The architectural plans reveal that the facility will have 44-floor residential condominiums that adhere to European […]
North Eastern regional commissioner, Mohamud Saleh confirmed that construction of the controversial security wall was still on course. The security wall is being built along the Kenya- Somalia border. Commissioner Saleh insisted that the wall was meant to combat and secure Mandera town in Kenya which took the most attacks from the terrorist group, Al- […]
