The state of buildings in a locality, zone or city normally gives the first impression to a newcomer of the economic state of the area. The skyline of Dubai, Hong Kong, Manhattan and Singapore are symbols of wealth and glamour just as much as Kibera, Gugulethu, Kinawataka or the favelas of Rio are a testament that poverty and glamour rarely co-exist. Real estate investment decisions are largely affected by economic and political factors but also by sentiment and exposure. The Covid-19 pandemic, multiple changes in the tax laws, the uncertainties surrounding Uganda’s land tenure system and the related land grab…
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Kampala has recorded an 11% increase in office occupancy for the first half of 2022, according to a Knight Frank market performance review for the half. According to Knight Frank Uganda, the prime office market marked an uptick in leasing activity in the first half of 2022. “Enquiries increased, driven in part by the full reopening of the economy, increased start-up funding, improved activity in the services sector, and the signing of the FID in early February. Demand was from a wide range of sectors including; Financial Services, Technology/Telecoms, Oil & Gas, Health, NGOs, Business & Professional Services, start-ups, Industrial/Logistics,…
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City tycoon Dr. Sudhir Ruparelia has commended President Yoweri Museveni for signing the Landlord and Tenant Bill into law, saying that the law protects both tenants and landlords. “The tenants will now know their rights. It will reduce the court cases between the two parties,” he said. Dr. Sudhir Ruparelia’s Meera Investments Limited is Uganda’s largest property developer with over 300 commercial, retail, industrial and residential properties, largely in Kampala. On Wednesday, Speaker of Parliament Anita Among confirmed that the President had assented to the Landlord and Tenants Bill 2021 after a meeting at State House in Entebbe. “Fellow Countrymen…
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