Property News

UGANDA, Namisindwa | Real Muloodi News | Namisindwa locals from Bunamulunyi Parish in Mukoto Sub-county have accused the Uganda Wildlife Authority (UWA) of allegedly conducting forceful evictions and destroying property despite a court order. The residents, from Nabeki, Maalo, Sibanga, and Kizuyi villages, claim that UWA has not adhered to a legal directive that was issued on April 5. The Deputy Registrar […]

UGANDA, Kampala | Real Muloodi News | The Ugandan government has announced new land rules aimed at addressing widespread fraud in the sector. These guidelines seek to improve the credibility and transparency of the land registration process while safeguarding property rights for all stakeholders. One common type of land fraud involves the issuance of multiple titles […]

UGANDA, Kampala | Real Muloodi News | Sudhir Ruparelia has acquired Lotis Towers, a 14-story building located at plot 16 MacKinnon Road, Nakasero, Kampala. The purchase follows a public auction held by DFCU Bank Ltd and managed by Jubilee Auctioneers. Lotis Towers, previously owned by real estate mogul Samuel Lotigo, experienced structural issues in 2022. The building was […]

UGANDA, Kampala | Real Muloodi News | Jomayi Properties, formerly known as Jomayi Property Consultants Ltd, one of Uganda’s most prominent real estate companies, has been declared insolvent by a court order and sent into liquidation. The court’s decision follows a petition from NC Bank, which sought to recover UGX 868,250,000 from Jomayi Properties. In 2018, Ssemwogerere John […]

UGANDA, Kampala | Real Muloodi News | Cranimer Sseviiri, a director at KimKam Property Masters Ltd, a company dealing in the buying and selling of real estate property, was allegedly severely injured on November 14, 2022, when two police officers allegedly shot at his car six times. It is alleged that the incident left Sseviiri, the real estate […]

UGANDA, Kampala | Real Muloodi News | Kampala has seen a rise in demand for luxury rental properties as rich tenants look for housing that meets their elevated lifestyle and unique needs. An estimated 71% of households in Kampala rent their homes, presenting a large market for various types of housing units. However, the growing trend towards […]

UGANDA, Kampala | Real Muloodi News | The foreign exchange market indicated that the Uganda shilling appreciated against the US dollar this week, supported by remittance inflows and commodity earnings. The Bank of Uganda reported that on Friday morning, May 3, the Uganda shilling opened at a buying rate of USh3,790.63 and a selling rate […]

UGANDA, Nakawa | Real Muloodi News | Robert Twinomujuni, the tycoon behind Nakawa-based Ideal Hostels, is facing legal issues due to his alleged involvement in a land transaction. Twinomujuni was charged and remanded to Luzira Prisons by Buganda Road Magistrate’s Court in mid April on charges of forging a land sale agreement.  According to the […]

UGANDA, Kampala | Real Muloodi News | The United Kingdom (UK)‘s Deputy Foreign Secretary, Andrew Mitchell, has announced sanctions on Uganda’s Speaker of Parliament Anita Among and two former ministers, Mary Goretti Kitutu and Agnes Nandutu, over corruption allegations involving Karamoja iron sheets. The sanctions mark the first time the UK government has applied the Global Anti-Corruption Sanctions regime to […]

UGANDA, Kampala | Real Muloodi News | Kampala Land Board chairperson David Balondemu has requested an investigation by the Director of the Criminal Investigations Directorate (CID), AIGP Tom Magambo, regarding individuals he claims are targeting him. In a complaint filed on April 26, Balondemu accuses three staff from the State House Anti-Corruption Unit of orchestrating his legal troubles. Balondemu alleges […]

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 […]