A Comprehensive Guide to Habitat Medical Suites & Residences- The Golden Opportunity
A Comprehensive Guide to Habitat Medical Suites & Residences
Nairobi’s Upper Hill district is a place of prestige, where businesses flourish, and luxurious living is the norm. At the heart of this thriving neighborhood stands Habitat Medical Suites & Residences, an investment opportunity that’s capturing the attention of real estate enthusiasts and discerning residents alike. In this comprehensive guide, we’ll explore everything you need to know about this remarkable property.
- Property Name: Habitat Medical Suites and Residences
- Location: Ralph Bunche Road, Upper Hill, Nairobi, Kenya
- Property Type: Mixed Luxury Development
- Total Luxury Units: 99 luxury apartments
- Developer: Space Master Properties Limited
- Contractors: Parklane Contractors Limited
- Completion Date: Expected December 2024
Investment Highlights
- Prime Location: Upper Hill is synonymous with exclusivity, boasting a prestigious neighborhood that includes institutions like the Central Bank of Kenya and Equity Bank Headquarters. This prime location attracts high-end residents and multinational corporations alike.
- Luxurious Amenities: Habitat Medical Suites & Residences raises the bar when it comes to amenities. From a rooftop pool to a fully equipped gym, a rooftop restaurant, and a range of retail and commercial services, this property offers world-class living experiences.
- Strong Rental Demand: Upper Hill’s status as a professional and expatriate hub means that there’s a consistent demand for high-quality rental properties. This bodes well for investors seeking a steady income stream.
| Unfurnished | Monthly | Yearly | |
| 1 | Studio | Ksh65,000.00 | Ksh780,000.00 |
| 2 | One Bed | Ksh80,000.00 | Ksh960,000.00 |
| 3 | Two Beds | Ksh140,000.00 | Ksh1,680,000.00 |
| 4 | Three beds | Ksh165,000.00 | Ksh1,980,000.00 |
| Furnished | Monthly | Yearly | |
| 1 | Studio | Ksh85,000.00 | Ksh1,020,000.00 |
| 2 | One Bed | Ksh130,000.00 | Ksh1,560,000.00 |
| 3 | Two Beds | Ksh200,000.00 | Ksh2,400,000.00 |
| 4 | Three beds | Ksh250,000.00 | Ksh3,000,000.00 |
| Hotel/Apartment furnished | Size in Sq. m | Price Per Night | Nearest Habitat size in sq. m | Estimated Habitat Daily Price | Habitat is cheaper by | Habitat is Larger by | |
| H*das** Hotel, Ralph Bunche Rd | 35 | Ksh10,150 | 40.7 | Ksh5,500 | 46% | 14% | |
| **lver S****s Hotel, Argwings Khodek | 21 | Ksh21,025 | 40.7 | Ksh5,500 | 74% | 48% | |
| F****ie* Hotel Kenya, Bishop Rd | 18 | Ksh23,575 | 40.7 | Ksh5,500 | 77% | 56% | |
| A** *u*s* House, Bishop Rd | 25 | Ksh7,163 | 40.7 | Ksh5,500 | 23% | 39% | |
| *a**s*n *l* Hotel, Elgon Rd | 33 | Ksh45,312 | 40.7 | Ksh5,500 | 88% | 19% | |
| **ur*l*il* *u**es, Mawensi Rd | 70 | Ksh28,542 | 90 | Ksh10,000 | 65% | 22% |
4. Capital Appreciation: Property values in Upper Hill have consistently appreciated over the past decade.
| Property Type | Year | Price / sq ft | Current Price / Sq. ft | Capital Appreciation | |
| 1 | Luxury 2-bedroom apartment | 2010 | Ksh144,437 | Ksh165,000 | 14% |
| 2 | Mixed-use Retail | 2010 | Ksh15,485 | Ksh180,000 | 1063% |
| 3 | Mixed-use Commercial | 2010 | Ksh12,000 | Ksh160,000 | 1233.33% |
Shift in Investment – 10 Years Ago, Now, and in Two Years
- Historical Investment Landscape
Year Key Investment Metrics
10 Years Ago – Limited development in Upper Hill.
– Average property prices were lower.
– Lower demand for high-end residences.
2. Current Investment Landscape
Year Key Investment Metrics
Now 2023 – Rapid development in Upper Hill
– Property prices have increased by 200%+ over the last decade.
– High demand for luxury residences in Upper Hill.
3. Future Investment Landscape (2 Years)
Year Expected Investment Trends
2 Years – Continued development in Upper Hill, but limited prime locations remaining
– Anticipated property price growth of 15-20% per annum
– Increasing demand for high-end residences due to the growth of businesses in the area.
Investment Projection
Given the historical trends and the current market conditions, we anticipate the following for investors in Habitat Medical Suites & Residences, Upper Hill:
1. Capital Appreciation: An estimated 25-30% increase in property value over the next two years.
2. Rental Income: A strong rental income potential with a rental yield of 7-8% per annum.
Conclusion
Investing in Habitat Medical Suites & Residences in Ralph Bunche Road, Upper Hill, Nairobi, presents a compelling opportunity with potential for significant financial growth.
The strategic location, strong market trends, and the shift proposal outlined in dollar sign trends make Ralph Bunche Heights an attractive investment.
