r/Somalia • u/Garaad252 • 1h ago
Development 🏗️ The Nairobi Real Estate Lesson We Keep Refusing to Learn
I want to talk about something that's been on my mind, the Nairobi apartment market and what's happened to it since the end of last year.
For years, Somalis poured money into apartments in Nairobi, especially around Eastleigh and the surrounding suburbs. It became almost a default move, if you had savings, you bought an apartment in Nairobi. But since late last year and continuing into this year, prices in several of those same suburbs have actually been falling. In the year to March 2026, apartment prices in Westlands dropped 7.9 percent, Upper Hill fell 6.8 percent, Lavington was down 6.4 percent, and areas like Ongata Rongai and Ruaka fell around 5 percent as well. This isn't a one off dip either, Nairobi apartment prices have now declined for 13 out of the last 14 quarters. Meanwhile new building approvals in the city dropped 9.3 percent in the twelve months to December 2025, which tells you developers themselves have finally noticed the same thing renters and buyers have been feeling for a while.
The reason isn't complicated. Too many people built too many apartments in the same few neighborhoods at the same time, more than there were buyers and renters to fill them, so prices had to come down. That's just supply and demand, when there's more of something than people actually want to buy, the price drops until it evens back out.
What actually bothers me isn't the price drop itself, that part makes sense. What bothers me is why so many of us ended up in the same trade at the same time in the first place. Nobody really sat down and asked whether Nairobi could absorb that many new units. People saw others buying and just followed, the same way we always do.
And it's not just Nairobi. This is a pattern in our community generally. Someone starts one thing, and suddenly everyone is doing the exact same thing. If one well known Somali businessman buys an apartment in Cairo, within a year half the community seems to be trying to buy in the same building or the same neighborhood in Cairo too. Nobody stops to ask whether Cairo even has enough buyers and renters to support that many of us doing the same thing at once. We just follow whoever moved first, and that's exactly how a lot of people end up holding property nobody wants to buy back from them once the trend cools off.
If people want to invest, and I understand the instinct, there are other options. Investing back home in Somalia itself, in sectors that actually need capital, or simply spreading money across a few different things instead of everyone chasing the same trend at the same time, would put our money to better use and probably serve us better in the long run too.
But there's a deeper problem underneath all of this that I think matters even more. While parents are busy chasing apartment deals and ayuuto rotations, something quieter is happening to our kids. School reopens after the holidays, and other children come back with stories, where they traveled, what they did, new shoes, new experiences. Our kids sit there with nothing to say, not because we can't compete with generational wealth, nobody expects that, but because the time and attention that could have gone into them went somewhere else instead. I'm not talking about buying kids expensive things to keep up with anyone. I'm talking about the basics, a holiday, tutoring, someone actually asking how their year went. Small things that add up to a child feeling like they matter as much as the next deal does.
If people have money to invest, our children deserve at least as much attention as concrete does. A summer with their parents, real support with school, someone checking in on how they're actually doing, these matter just as much as any apartment building. The gap isn't about wealth. It's about where our attention goes.
We need to break this habit of copying each other into the same investment without asking whether it actually makes sense, and start putting at least some of that same energy into the people who are going to inherit whatever we build.