List Of Kenya Coastal Beaches With Expensive Home Properties, Prices

• Knight Frank data showed prices of residential homes at different beaches across the Kenyan coastal region
• According to the real estate firm, these prices are not fixed and vary for different beachfront homes
• Residential homes at Nyali Beach cost up to KSh 120 million, while in Diani they go up to KSh 40 million

TUKO.co.ke journalist Wycliffe Musalia brings over five years of experience in financial, business, and technology reporting, offering deep insights into Kenyan and global economic trends.

Knight Frank Kenya has released a report showing the current prices of beachfront residential homes in Kenya.

The real estate firm noted that there is a more than 400% spread in high-end home prices from one location to another in Kenya's coast region.

What determines the prices of beach homes?

Unveiling the report on Thursday, May 16, company CEO Mark Dunford noted that the prices of beachfront home properties are in the same range as prime properties in Nairobi.

“Mombasa contributes 4.9% to Kenya’s GDP, versus Nairobi’s 27.5%, but the desirability and strategic location of the Kenyan Coast make it a property market as significant as the capital city.

"The values for its prime properties fully align with Nairobi valuations, and for those willing to move off the beaten track, there are some outstanding hidden gems along the coast,” said Dunford.

Knight Frank Head of Coast Region Summy Mukula said the prices of unimproved beachfront homes on a one-acre is determined by the current transactions.

Mukula explained that these prices are not fixed and vary for different beachfront homes.

Which Kenya beaches have expensive homes?

1. Nyali Beach

The report showed that Nyali continue to command the highest home prices at the coast.

Residential beachfront homes in Nyali cost around KSh 120 million for an unimproved property.

"This consequently places Nyali Beach homes in the same range as Nairobi, where the prices of prime unimproved properties typically range from Sh50m to Sh200m per acre," read the report in part.

2. Diani Beach

Residential beachfront houses in Diani are three times chapter than in Nyali.

The houses go for a range of KSh 40 million.

3. Watamu Beach.

Beach homes at Watamu sell at the same price as those at Diani Beach, ranging at KSh 40 million.

These prices are also determined by small distances and travel time, combined with more limited local facilities and services.

4. Kilifi Bofa Beach

Prices of beachfront homes at Kilifi Bofa Beach range at around KSh 35 million.

This beach is located north of Mombasa and Nyali.

5. Kikambala Beach

Residential homes at Kimbala Beach, just an hour drive north of Mombasa, sell at KSh 30 million per acre

6. Galu Kinondo Beach

Beach homes at Galu Kinondo, South of Ukunda and Diani, are way cheaper, selling at around KSh 25 million.

The Knight Frank report explained that Galu Kindo is set on or just beyond larger urban fringes, commanding lower transaction prices.

What are expensive places to buy land in Kenya?

According to HassConsult Land price indices for the third quarter of 2023, Nairobi suburbs posted a 0.4% price increase.

The suburbs reported an increase in land prices following higher intensity of development potential.

Upperhill remained at the top of the list, with an average value per acre of land in the area standing KSh 482.9 million.

What to know about home property ownership in Kenya

• The 2024 Wealth Report by Knight Frank provides insights into wealth investment trends among high-net-worth individuals (HNWIs) in Kenya.
• The report showed that HNWIs are now holding about 60% of their wealth in homes, with just under 30% buying a home in 2023 and around the same percentage planning to buy another home in 2024.
• Nairobi Metropolitan has some of the most expensive estates in Kenya and the African continent.

Proofreading by Otukho Jackson, a multimedia journalist and copy editor at TUKO.co.ke