What is behind Eastleigh’s Booming Business? Real Estate Sector Takes Center Stage
Eastleigh – Nairobi, most notably Eastleigh has witnessed a remarkable surge in business growth, with the real estate sector emerging as a dominant force.
Abdullahi Yussuf, a partner and Head of Real Estate, Banking, and Financial Services at Triple A Properties holds the idea, strategic location of the area has played a pivotal role in attracting businesses and investors.
Situated in close proximity to the Jomo Kenyatta International Airport, the area has become an ideal hub for import and export activities.
Eastleigh, located in Nairobi, has experienced significant growth in recent years, particularly in the real estate sector. Photo/ Yunis Dekow.
Traders and entrepreneurs have been drawn to this advantageous location, boosting commercial activities and driving economic growth.
“Eastleigh has evolved into a vibrant commercial center, particularly for the Somali community. With its reputation as a prominent wholesale and retail destination, the neighborhood has attracted traders from both local and international markets,” said Mr. Abdullahi.
While diverse business opportunities exist in Eastleigh, the real estate sector has experienced exceptional growth.
Farhan Muhumed, a business expert said the high demand for both commercial and residential properties has fueled significant construction projects.
“Buildings, shopping centers, and residential apartments have sprouted up to meet the growing needs of the community,” he said.
Triple A Properties, a leading regional real estate dealer diaspora investments have also played a substantial role in Eastleigh’s real estate development.
“Many Kenyans living abroad, particularly those in the Somali diaspora, have seized investment opportunities in the area.
The inflow of remittances has provided crucial financial backing for various projects, including the construction of commercial buildings and residential complexes,” said Abdullahi Yussuf, a partner and Head of Real Estate, Banking, and Financial Services at Triple A Properties.
Infrastructure development has been instrumental in attracting real estate investments through the are long serving Member of Parliament, Yussuf Hassan.
During the Commissioning of the BBS mall, Yussuf said Improvements in road networks, electricity supply, and water infrastructure have made Eastleigh an even more attractive destination for businesses and residents alike.
MP Yussuf Hassan commissions a Bussiness enterprise at BBS mall. Photo/ Yunis Dekow.
He was accompanied to commission a cafe at the mall by the former Somali Prime Minister Abdi Wali Gas.
The combined efforts of the Kenyan government and private developers have created an environment conducive to growth.
Real Estate Flyer by real estate developers Triple A properties.
Abdullahi of Triple A properties said rapid population growth experienced by Eastleigh cannot be overlooked.
He added, “Urbanization and migration have contributed significantly to the increasing population, generating a surge in housing and commercial demands.”
Abdullahi Yussuf, a partner and Head of Real Estate, Banking, and Financial Services at Triple A Properties Speaks at his office. Photo/ Yunis Dekow.
“This has further propelled the real estate sector, stimulating construction activities throughout the neighborhood,” said Abdullahi.
As Eastleigh continues to thrive as a business hub, it is poised to make significant contributions to Nairobi’s economic landscape.
With the real estate sector taking center stage, investors and entrepreneurs are increasingly flocking to this vibrant neighborhood, driving its progress and solidifying its position as a key player in Nairobi’s business ecosystem.