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Senegal’s economy, urbanization, and social well-being are all impacted significantly by the real estate market. Senegal has a broad real estate market with residential, commercial, and industrial assets due to its thriving cities and expanding population.
Real estate is the population’s main source of housing in the residential sector. In places like Dakar, Thies, and Rufisque, the demand for housing has surged due to rapid urbanization and rural-to-urban migration.
Although there are still issues with affordability, real estate developers play a critical role in meeting this need by building housing units that appeal to all income levels.
Commercial real estate is crucial for corporate operations and the growth of the economy. Commercial real estate, which includes office buildings, shopping malls, and retail spaces, is concentrated in cities like Dakar. These buildings not only give businesses the space they need, but they also help the nation’s economy grow overall and create jobs.
Infrastructure related to real estate is crucial to Senegal’s expanding tourism industry. The nation’s stunning coastline, historical attractions, and dynamic culture draw visitors from all over the world. As a result, demand for hotels, inns, and resorts is rising, which is fueling real estate investments in the travel and hospitality industry.
Furthermore, infrastructure development and real estate development frequently go hand in hand, with investments in public areas, utilities, and roads being crucial to property development. Property management firms aid in ensuring that real estate assets are effectively and well-maintained.
The Senegal Real Estate Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
The Arjaan Hotel Apartments by Rotana brand new property marks Rotana’s entry into the Senegalese market. Les Zeniths De Diamniadio, a mixed-use development in the city center of Diamniadio, will house the soon-to-be-opened hotel apartments. The building will increase Rotana’s overall key count in Africa.
UAE’s Abu Dhabi: Les Zeniths Arjaan by Rotana, one of the top hotel management businesses in the area, announced its arrival in Senegal. Rotana has over 100 hotels across the Middle East, Africa, Eastern Europe, and Turkey. The major Dakar property is anticipated to be finished and will be introduced under the Arjaan Hotel Apartments by the Rotana brand.
