A recent report from the Hass Land Index for Q4 2024 reveals the staggering cost of land across Nairobi’s suburbs.
The report provides insights into the average selling prices per acre, highlighting the suburbs with the highest demand for prime real estate.
Top-tier suburbs
Upper Hill emerges as the most expensive suburb for land buyers, with an average cost of KSh 522.7 million per acre.
Coming in second is Westlands, where land prices average KSh 487.3 million per acre, followed closely by Parklands at KSh 448.7 million per acre.
These neighboring suburbs remain attractive due to their proximity to Nairobi’s central business district (CBD) and a blend of residential and commercial developments.
Kilimani and Muthangari take fourth and fifth spots with average prices of KSh 410 million and KSh 384.7 million per acre, respectively.
Middle-tier suburbs
Suburbs such as Riverside, Kileleshwa and Spring Valley feature average land prices of KSh 340.4 million, KSh 312.3 million and KSh 278.3 million per acre, respectively.
Lavington and Gigiri maintain their positions as high-value areas, with prices averaging KSh 262.5 million and KSh 243.4 million per acre, respectively.
Gigiri’s popularity is partly due to its status as a diplomatic zone housing embassies and international organizations.
Affordable suburbs for luxury buyers
At the lower end of the premium market are Nyari KSh 116 million per acre, Loresho (KSh 110.4 million) and Kitisuru (KSh 98.2 million).
Runda, Ridgeways and Langata follow closely, with prices ranging from KSh 93.3 million to KSh 86.8 million per acre.
Karen, one of Nairobi’s historically affluent suburbs, emerges as the least expensive among the listed areas, with an average land price of KSh 69 million per acre.