Dubai-inspired Luxury Apartments Redefines Kileleshwa Skyline

As part of its commitment to changing the real estate market by understanding and satisfying the needs of potential and future homeowners, VAAL Real Estate has completed its apartment project in Kileleshwa, Nairobi.

The development comprises of one, two, and three-bedroom apartments dubbed ‘Moon Valley’.

Located in Kileleshwa along Mandera Road, the Moon Valley Dubai style Apartments are sophisticated and luxurious inspired by the glorious sand-castle designs in Dubai.

The property seats on 0.8 acres comprising of 3 blocks, Block A with 28 units, B 56 units, and C 84 Units totalling 168 units.

It has taken four years to complete since its groundbreaking in 2017 defying the Covid-19 pandemic which has impacted the real estate market.

The homes have been finished using state of the art facilities by enjoying a warm swim at the heated pool, rejuvenation at the world-class gym, convenience of a full back-up generator.

The residences are situated in a serene locale with easy access to Schools, Hotels and Restaurants, Sports Park, Transportation Services, and Shopping malls.

Amenities include a barbecue area, heated pool, landscaped garden, fully equipped garden, high-speed lifts, children’s play area, and 24-hour security.

In Kenya, demand for apartments has surged as home buyers opt for cheaper houses. According to the Kenya Bankers Association’s (KBA) Housing Price Index for the second quarter of 2020 showed the demand for apartments more than doubled accounting for 75.6 percent compared to 33 percent of the concluded sales in quarter one.

Knight Frank’s Half Year 2020 report, also found out that prime residential prices in Nairobi decreased by 2.9 percent over the first half of 2020 compared to a decline of 1.8 percent in the first half of 2019, pushing the annual decline to 5.1 percent in the year to June.

Cytonn 2020 Markets Outlook for the Real Estate Sector, on the residential segment, note that the sector’s change in performance is expected to remain flat and select markets to continue exhibiting a positive performance supported by their appeal to local homebuyers or foreign clientele, based on location and accessibility, availability of key amenities as well as availability for affordable land for development.

For Kilimani and Parklands area, the realtor says, they have a, “Relatively high annual  returns of 7.5% and 7.1%, respectively, against an upper mid-end market average of 6.1%.”