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 article explores the emergence of affordable...
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 and 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 places to start your tangible investment in; a few of the many reasons to gets...
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 of hope and opportunities....
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, switched to real estate after bombings pushed people...
The return of emigrants and newly well-off businessmen who aimed to capitalize peace of the city has influenced real estate, rushing an economical flash to build new houses. The Marina beachfront estate is spread over 104 acres of land, exactly equal to Shangani and Hamarweyn districts. The beachfront is planned to house high-ranking officials only, but the project is still under...
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 to the urban zones. For that matter, there are many residential projects under...
After having more than 16,000 fans on its Facebook page, MyProperty.so decides to go faster and launches its real estate app! It is the first real estate classifieds app which allows Somali people to search for properties such as apartment, flats, houses, plots, lands, farms and even more from their smartphone. The app keeps all the good features of the website's computer version and makes it faster for...
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