World Bank values Dar’s real estate $3b more than Nairobi
Aerial view of Nairobi and Dar es Salaam: A World Bank report estimates the economic value of Dar’s real estate at $12 billion ahead of Nairobi’s $9 billion – a $3 billion gap. PHOTOS | FILE
Tanzanian commercial capital Dar es Salaam’s real estate has been ranked ahead of Nairobi and Addis Ababa in the World Bank’s latest cities report, which cites land fragmentation and weak property rights as the sector’s biggest impediments in Africa.
The report, which was released Thursday, estimates the economic value of Dar’s real estate at $12 billion ahead of Nairobi’s $9 billion – a $3 billion gap.
