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Market News

Realtor opens show houses near Karura

Family-owned Elegant Properties has opened show houses for units retailing at between Sh17 million and Sh34.9 million next to Nairobi’s Karura Forest.

Marketing director Amjad Rahim said the firm is putting up a multistoried property to house 91 units of two- and three-bedroomed apartments slated for completion next year.

“The building is located along Donyo Sabuk Lane, Off General Mathenge Drive and has a view of the Karura Forest from most apartments,” he said.

He added that said plans were also underway to break ground for posh villas, aka The Haven, in Loresho.

“The types of people who have bought is a good mixed crowd, many locals, but also many people from the diaspora and expats,” he said.

Money for the project was sourced internally and part of it is loans from financiers. It targets the growing number of wealthy families within Nairobi and, features Italian kitchens and German sanitary ware.

Other projects by Elegant Properties include Valley View Office Park, Skynest Westlands and Cowrie Shell Beach apartments in Mombasa.

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