Property News

UGANDA, Hoima | Real Muloodi News | Parliament has greenlit a supplementary budget amounting to USh288.624 billion, allocating a significant portion of USh152 billion for the construction of Hoima City Stadium by the National Council of Sports, aimed at facilitating Uganda’s readiness to co-host the 2027 African Cup of Nations. The approval of this budget comes as a crucial step […]

UGANDA, Kabale | Real Muloodi News | Kabale Town residents were left in despair as a fire engulfed one of its commercial buildings, causing damage estimated to be worth millions of shillings. Police authorities in Kabale have launched an investigation into the incident. The affected building, situated on the Kabale Main Road opposite Kabale Central Market, […]

UGANDA, Amuru | Real Muloodi News | Atiak Sugar Factory, under the ownership of Horyal Investment Ltd., anticipates employing 1,580 workers upon its projected restart in mid-2025. Ahmed Mohamud, the factory’s director for planning and development, emphasises the role of mechanisation in bolstering production. Mohamud asserts, “Currently, we have 543 workers, but when we resume production, we will have 1,580 workers. Agriculture […]

UGANDA, Buhweju | Real Muloodi News | Francis Mwijukye, Buhweju County Member of Parliament (MP), and Juliet Kyarisima, a journalist with Vision Group, are recovering from injuries sustained in a violent altercation over a land dispute in Buhweju District. The incident unfolded at Rwanyamabare Village, Omuhambo Kyakatungu Parish, Buhweju District, during Sunday Mass at Rwanyamabare […]

UGANDA, Kampala | Real Muloodi News | Business magnate Sudhir Ruparelia has officially renamed Lotis Towers, a prestigious multi-million dollar property in Kampala, to Arie Towers. This alteration follows Sudhir’s acquisition of the building through a public auction facilitated by DFCU Bank. Situated at plot 16 MacKinnon Road, Nakasero, Arie Towers stands tall with its […]

UGANDA, Wakiso | Real Muloodi News | A devastating incident occurred in Namulanda B Zone, Kajjansi Town Council – Wakiso District, resulting in the tragic deaths of six children in a house fire during the early moring hours of Wednesday 15th May, 2024. Kampala Metropolitan Police have launched an investigation into the circumstances surrounding the […]

UGANDA, Kampala | Real Muloodi News | The saga of property disputes involving Shumuk Group and Drake Lubega continues to unfold, capturing public attention with each new development. Over the years, Shumuk Group has been embroiled in various legal conflicts, notably with the Katatumba family and Bank of Baroda, revolving around property ownership and debt issues. […]

UGANDA, Jinja | Real Muloodi News | Police in Jinja are cautioning hotel guests in Jinja City to remain vigilant against hotel workers following a series of alleged thefts targeting guests’ property within the hospitality sector. Kiira Region Police Spokesperson, James Mubi, emphasised the importance of guests informing authorities about carrying substantial sums of money for enhanced security […]

UGANDA, Kampala | Real Muloodi News | Florence Nambooze Bbale, a seasoned surveyor, a lecturer at Ndejje University, and a member of the Buganda Land Board (BLB), champions the empowerment of women through land ownership. As the founder of Paragon Investment Club, she facilitates women in saving and acquiring land titles, benefiting over 300 individuals. Florence […]

UGANDA, Kampala | Real Muloodi News | Doreen Kyosimire stands at the forefront of architectural excellence in Uganda, spearheading iconic projects that redefine the urban landscape. As an esteemed architectural designer and academician, Kyosimire’s contributions extend beyond physical structures, encompassing research and education within the realm of architecture. With a career spanning over 15 years, Kyosimire has […]

Market could have performed even better, but demand for prime housing and large office space from oil and gas sector fell short of expectations The post Kampala property market improves on robust economy first appeared on Uganda Business News.

Property developers in Kampala's prime residential areas, especially those with newer apartments, were forced to lower rents in 2019 to stay competitive as supply overran demand, according to a new report by Knight Frank The post Rents are down in […]

Gateway Delta Development Holdings, a Mauritius-based real estate developer, plans to invest $20 million to redevelop Metroplex Mall within the next year after acquiring it from its current owner The post Mauritius-based Gateway Delta to invest $20 million to redevelop […]

The journey to owning a house in Uganda usually starts with acquiring land. Stanbic Bank has made this easier by providing the financing means irrespective of the land tenure The post How Stanbic has provided a 360 degree solution to […]

In Uganda, as in many developing countries, most people who decide to build their own homes do so incrementally overtime using business income, personal savings and or small unsecured loans The post Why Ugandans should look more to banks for […]

Uganda’s population is projected to grow from 37 million today to 41.2 million by 2020 (UBOS) and yet the country currently has a housing deficit that stands at close to 1.2 million units The post The role of banks and […]

For a retailer that has been measured on expanding in Uganda, Shoprite seems to have discovered something about Nakumatt's former locations The post Shoprite to open a fourth store at Victoria Mall first appeared on Uganda Business News.

Shoprite is opening its third Ugandan store at Acacia Mall, Kisementi, two years after closing an outlet in Nalya The post Shoprite is moving into the space vacated by Nakumatt at Acacia Mall first appeared on Uganda Business News.

The headwinds that hit Uganda's economy in 2016 did not spare the property sector; it was "a turbulent year for the property market," real estate consultancy Knight Frank says in its Uganda Market Update for the second half of 2016. […]

In about two months, Uganda's stock market will be able to list a new security that makes it possible for institutions and individuals to invest in real estate, and earn high dividend yields that are exempt from taxation. The post […]

If you took out a 30-year mortgage for the cheapest of NHCC's available projects, the two-bedroom unit in Mbarara which costs Shs199 million, you'd have to pay Shs3.5 million per month. A 15-year mortgage for the same unit costs Shs3.6 […]

The government plans to take full control of the National Housing and Construction Company, eleven years after selling a minority stake in the company to the Libyan government, Chris Baryomunsi, the state minister for housing told Parliament on Thursday. The […]

The CBD is losing out to new properties in neighbouring locations like Bukoto, Bugolobi, Nakawa and Nakasero, which is where most renters are preferring to set up their offices. The post City properties still losing out to suburbs first appeared […]

You could choose to pay one month’s rent in Naguru. Or pack your bags to Kiwatule and lock down a three bedroom for four months. The post What does it cost to rent in Kampala and surrounding areas? first appeared […]