• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Kampala’s Real Estate Boom: Rental Rates Skyrocket Amidst Economic Surge

Mourice Muhoozi by Mourice Muhoozi
1 year ago
in Business, RealEstate
7 0
Real estate in Uganda

Real estate in Uganda

ShareTweetSendShare

In a jaw-dropping turn of events, Kampala’s real estate market has witnessed an astonishing surge in rental rates, catapulting by an astounding 12% across various property segments.

 The latest report by Knight Frank for H2 2023 unveils a city in the throes of unprecedented demand, driven by a revitalized economic landscape.

The most striking revelation comes from the Grade A and Grade AB office spaces, where rental rates have skyrocketed by 10% and a staggering 12%, reaching eye-watering figures of USD 16.5 and USD 15 per square meter, respectively. It is a pixelated gold rush as businesses scramble for prime locations amidst this rental frenzy.

Not to be outdone, prime residential properties have experienced a 4% surge in average monthly rents for 2-bedroom apartments, with the introduction of opulent living spaces and enhanced amenities pushing the boundaries of luxury living.

 Meanwhile, the industrial sector remains a stable force, with rental rates ranging between USD 3 to USD 7 per square meter, driven by sectors like automotive, manufacturing, and even pest control.

In a twist of fate, the demand for larger office spaces has dwindled, marking a shift in preference among tenants. The once dominant Foreign Direct Investments (FDI) and Oil and Gas sectors have taken a backseat, allowing new players in renewable energy and lottery companies to claim their spot in the market.

Moreover, the report unveils a fascinating trend – 75% of inquiries prioritize renting over buying, signaling a preference for flexibility in this dynamic market.

 However, the average selling and letting periods vary wildly, with Grade A offices in prime locations experiencing high demand and short letting periods, while less prime areas face longer periods of over 6 months.

In the residential realm, the preferred choice among senior expatriate staff remains standalone houses or houses in gated communities. However, the scarcity of detached houses in prime suburbs has led to a resurgence of interest in secondary residential areas like Mbuya, Munyonyo, Muyenga, and Bugolobi.

As the real estate pipeline remains robust, approximately 600 new prime residential units are expected in Nakasero, Kololo, and Naguru in the next 12-24 months, marking a 14% increase in pipeline activity.

Kampala’s outskirts are emerging as hidden gems, with commuter towns witnessing a surge in popularity. Affordable land, potential for capital appreciation, and improved amenities are luring residents willing to endure longer commutes for a quieter suburban lifestyle.

In the industrial sector, growth is imminent, driven by agro-processing, renewable energy, construction, cold storage, and technology sectors. However, challenges such as certification delays may pose hurdles for new entrants.

In a nutshell, Kampala’s real estate landscape is akin to a pixelated rollercoaster, with demand soaring to unprecedented heights and the market dancing to the tunes of economic resurgence. 

As the city evolves, it seems the only way is up for Kampala’s real estate aficionados.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share2Tweet1SendShare

Related Posts

Joshua Kato
Business

JOSHUA KATO: Tax Amnesty re-introduced – A timely opportunity for businesses

10th July 2025 at 09:47
Business

Is Artificial Intelligence Beneficial or Detrimental?

10th July 2025 at 00:17
Business

Henry Mulindwa: A Daily Monitor editor who’s lived with loyalty, love and dedication to friends and company

9th July 2025 at 20:19
Next Post

Water Mission Secures $1 Million to Quench Thirst in Uganda and Tanzania

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1126 shares
    Share 450 Tweet 282
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    49 shares
    Share 20 Tweet 12
  • Who is Bosco Muwonge, Uganda’s elusive real estate billionaire?

    37 shares
    Share 15 Tweet 9
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2289 shares
    Share 916 Tweet 572
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    48 shares
    Share 19 Tweet 12
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Truth Revealed: Jinja City Council Clarifies On Shs4.2 Billion Return To Treasury 

10th July 2025 at 19:35
Mashable is a global, multi-platform media and entertainment company For more queries and news contact us on this Email: info@mashablepartners.com

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is the undisputed king of Kampala

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

Truth Revealed: Jinja City Council Clarifies On Shs4.2 Billion Return To Treasury 

10th July 2025 at 19:35
NUP leaders

NUP’s Pragmatic Pivot: Sending a Bipartisan Treasurer to IPOD

10th July 2025 at 19:29

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda