Mixed-use developments combine multiple types of spaces within one development, typically blending residential, commercial, and office areas.
Vertical mixed-use developments combine different uses of space stacked on top of each other in a multi-story building. Retail spaces might be on the ground floor, office spaces on the second and third floors, and residential units above.
Horizontal mixed-use developments are spread out over a larger area, typically in a low-rise configuration, often where a shopping mall is adjacent to residential houses, or an office park with restaurants and cafes nearby.
Live/Work developments are where people can live and work in the same building, often ideal for individuals with small businesses, artists, or entrepreneurs who prefer a short commute.
Retail-centric mixed-use developments are a mix of residential and office space, that can be shopping malls with residential units or offices located on upper floors, or mixed-use developments with a strong emphasis on entertainment and dining.
Commercial and residential integration aims to create effective work-life balance in a single location, allowing for a flexible living environment, and are often found in urban or suburban areas.
Mixed-use developments can take many forms, depending on the location, goals, and needs of the community, but they all share the common goal of creating dynamic spaces that foster interaction, reduce the reliance on cars, and enhance the quality of life for residents and visitors alike.
Why Buy or Invest in New Real Estate Developments in Kenya.
Kenya’s economy has shown consistent growth in recent years, making it one of the most promising markets in Africa. With a population of over 50 million people, Kenya’s middle class is expanding, creating increasing demand for housing and commercial properties. This trend is likely to continue as the economy diversifies and develops.
Urbanization is rapidly increasing, with more people moving to cities like Nairobi, Mombasa, and Kisumu for better job opportunities, education, and lifestyle. This leads to higher demand for residential, commercial, and mixed-use developments in urban centers. Investing in new developments in these areas ensures a stake in the growth of these key markets.
Kenya is a hub for international investors, and the government has created policies that encourage foreign direct investment (FDI) in real estate. Foreigners can legally own land in Kenya, subject to specific conditions, making it an attractive destination for global investors looking to tap into the African real estate market.
There is an increasing demand for specialized real estate developments such as eco-friendly buildings, gated communities, luxury apartments, office spaces, and retail centers. New developments in these areas offer investors a chance to capitalize on niche markets and changing consumer preferences.
Ongoing and planned infrastructure projects, such as the Nairobi Expressway, new airports, ports, and affordable housing projects, are improving connectivity within and between urban areas. These developments increase property values and create investment opportunities in previously underdeveloped areas.
