Real estate development in Kenya, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Mauritania.
Mauritania is strategically located in West Africa, with access to both the Atlantic Ocean and major trade routes. The country's location makes it an important regional hub for trade, transportation, and logistics. This could increase the demand for commercial and industrial real estate as businesses look to establish a presence in Mauritania.
While Mauritania's real estate market is still developing, it presents opportunities for early investors. There is growing demand for modern infrastructure, especially in major cities like Nouakchott (the capital) and Nouadhibou. There is also a demand for affordable housing, commercial properties, and hotels to accommodate increasing population growth and tourism.
Mauritania, with its historical sites, unique desert landscapes, and proximity to the Atlantic Ocean, has the potential to become a growing tourist destination. Real estate developments catering to the hospitality sector (hotels, resorts, etc.) could benefit from this increasing tourism potential in the long term.
Mauritania is rich in natural resources, especially minerals and oil, which attracts international investment. The booming resource extraction sector can lead to increased demand for housing and commercial spaces to support workers and businesses in the area.
Mauritania has set up various incentives for foreign investors, such as tax exemptions, customs exemptions, and a relatively simple process for registering businesses and real estate transactions. This makes it easier for international investors to enter the market.
