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Where to invest in Dakar?

If I can offer you just one piece of advice frominvestmentPerhaps the best advice would be: don't follow the media noise. As experience confirms time and time again, once you study the trend, it's already in decline (and not worth your time and money).silver). And that I can almost imagine you asking me about alternatives to know:

How to find the right location at the right time?
Where to go?
Who to ask?

No need to worry. Keep reading and you'll find out which neighbourhoods in Dakar offer you the greatest return on investment. But first, let's take a quick look at why it's one of the best ideas to settle for Dakar for a investment first choice.

Buy a house or an apartment in the Yoff district

According to statistics, land prices in Yoff are 20% higher than in other parts of Dakar. Most of the housing in the area is family houses built in the 80s. Yoff is one of the few Dakar which can justifiably be called a "modern district". Situated on the shores of the Atlantic Ocean, the area is ideal for those who prefer a natural setting. If your landlord's code of conduct includes renting to families, consider Yoff your golden ticket. This part of town is particularly popular with young families with children and others between the ages of 35 and 45.

Investing in Fann residence

Hidden in the shadow of skyscrapers, this elegant part of the city looks more like a huge private residence. The neighborhood boasts proximity to downtown, beautiful landscapes and attractive design, to name but a few. It even has a functional hospital which deals with mental health and a range of issues associated with the comfort and safety of local residents. According to statistics, the median rental cost at Fann-résidence is 50 % higher than many neighborhoods in the Capital, which means you'll make tons of money owning a rental property here. it would be hard to find a house for sale in this neighborhood, so if you come across one, don't miss your chance.

Investing in the Medina District

Located on the banks of the downtown, the Medina district is as dynamic as it is diverse. With numerous restaurants and boutiques, this neighborhood has something to offer for every taste and budget. Resale prices of local properties are relatively affordable, but they'll make you a lot of money since the median rental price is higher than in other parts of the city.

Buying real estate in Les Maristes

The Maristes district is one of the city's best neighborhoods. Located close to downtown, it offers a rare combination of a Thiébou Djeun cost of living and a median income above the city average. The largest portion of properties in Maristes are medium to small family homes, but there are also high-rise apartments and modern apartment complexes. Although vacancy rates are higher in other parts of Dakar, things are about to change soon (and if you think buy a property here, you better do it before it becomes fashionable).

Investing in Almadies real estate

One of the city's few pedestrian precincts. The Almadies are planned and built by the canons of the latest urbanism. they are characterized by mixed-use developments, large accessible public space and an emphasis on pedestrians and public transport. most of the buildings in Uptown are relatively recent, built in the late 20th and early 21st centuries. The area is experiencing a steady influx of young, educated professionals, interested in the ways of urban and community life. Businesses are continually migrating to Almadies, increasing demand and therefore the price of commercial property, also increasing the value of residential property. The neighborhood is upscale, trendy and promises good investments for a return on investment. property investment.

Buying a house or apartment in Dakar-Plateau

The downtown area appears to be an old, well-established neighbourhood with few surprises in store. land investors. However, with the recent trend towards brand spanking new urbanization, the downtown area is undergoing a transition, with new condos and condo complexes being built in the area.apartments high rises emerge from the rooftops of Dakar. Place de l?indépendance has been redeveloped and has become the heart of the new residential lifestyle, with new restaurants and hotels. The rapid development of public transport and the expansion of the Dakar Dem Dikk have made the downtown area an alternative logistics center, and thus the neighborhood of choice for those who want to avoid a full commute from the suburbs. The commercial property of downtown is losing its value as companies tend to migrate to developments in neighborhoods along the VDN. On the other hand residential properties are both stable and growing. Renting an apartment in this area has great potential for generating substantial income.

Real estate on the western corniche of Dakar

The West cornice is a comfortable place in the far west of Dakar. Its neighborhoods are the first destination for a safe and comfortable life. Excellent public schools make it a great place to start a family and raise children. There are tons of green spaces, hiking trails, boathouses and botanical gardens. This friendly area also boasts many impressive landed properties, various cottages of different sizes and designs. These relaxed neighborhoods are one of the most comfortable amenities the city has to offer. Despite the very fact that the median rent in the area isn't great, while the median home value isn't exactly low, many investors buy property in the corniche neighborhoods. Relying on the stable local terrain and thus on the job market. they might be right to invest in it.

Whether you're buying your first income property or simply adding to the ones you already have, Dakar can be an ideal place to do so. Given its strong economy and steady growth, there's reason to believe that investing in Senegal's Capital will increase your pockets. As local rents rise, smart investors like you should at least consider buying property here.

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WHERE TO INVEST IN DAKAR

Where to invest in Dakar?

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