Rwanda Real Estate

Kigali, Rwanda's real estate sector is growing rapidly and is expected to boom in 2024. The government is promoting real estate development to help achieve its goal of having 70% of the population living in urban areas by 2050. Here are some things to know about real estate in Kigali

Overview

• Real estate is a key sector and a potential driver of future economic growth. The Rwandan government is actively promoting real estate development as part of our Vision 2050 plan to have 70% of the population living in urban areas by 2050.

• The sector contributes approximately 16% to Rwanda’s GDP. The sector has seen substantial growth due to urbanization, population growth, and increased demand for housing and commercial spaces.

• Rwanda aims to have a formal housing sector sufficiently available and accessible to all segments of the population by 2050.

Investment Opportunities

Kigali Innovation City

Kigali City has an emerging university and Tech Innovation cluster i.e. Carnegie Mellon University, African Leadership University, University of Rwanda Center of Excellence for biomedical engineering, BioNTech and Cooper Pharma. Available opportunity is to develop Grade A offices, student housing and residential facilities for the growing tech community. Investment required: $100M

High Impact Middle Income Housing

Rwanda’s housing market needs 30,000 new units per year of which up to 75% are in the middle income category. The sector has already attracted developers, but is seeking Partners to invest in this high impact & mass demand housing market.