Real estate is a profitable but risky venture for investors. Only a handful of investors have mastered the real estate sector and the dynamics that come with it.
Today, an eight-acre plot in Nairobi costs between Ksh 650,000 and Ksh 1.5 million. The jogoo road has since been tarmacked . Better still, the area is accessible from thika rd, Nairobi, and eastern by-pass. These factors are the reasons behind the appreciation of land prices in umoja.
As you travel from Nairobi CBD to umoja, you will notice massive construction works ongoing especially jogoo Road which is undergoing expansion. A number of middle-class city dwellers have put up their own houses around umoja and investors have put up malls and supermarkets. The town is also set to have a Ksh 700M market financed by World Bank and this will increase economic activities.
Reuben Kimani, the Chief Executive Officer, Username Investments notes that his company begun selling plots in umoja when they were going for as low as Ksh 149,000. In a span of merely two years, the most affordable plot in the area goes for Ksh 650,000.
