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Cheapest districts in Xamar to buy land

Discussion in 'General' started by SomaliWadaniSoldier, Feb 13, 2018 at 11:08 AM.

  1. SomaliWadaniSoldier

    SomaliWadaniSoldier

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    It has to be district that is kind of stable. Maahan meel laga acuudubilaysto.
     
  2. Generalissimo

    Generalissimo

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    I would say warta nabada aka “wardhigley” if you are looking to buy mainly property or are you interested in buying land solely?

    I would personally buy property in xamarjadiid as the district is more mixed with different qabiils living there and there is a growing number of diaspora returnees buying property there as of now
     
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  3. saywalahi

    saywalahi The Barrel of a Gun.

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    Maka al mukarmah

    Number 4
     
    Last edited: Feb 13, 2018 at 11:49 AM
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  4. SomaliWadaniSoldier

    SomaliWadaniSoldier

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    what are the prices?
     
  5. SomaliWadaniSoldier

    SomaliWadaniSoldier

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    makkah al mukaramah kkkk

    is expensive
     
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  6. saywalahi

    saywalahi The Barrel of a Gun.

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    I know even number 4 is super expensive :siilaanyolaugh:

    I was messing with you
     
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  7. SomaliWadaniSoldier

    SomaliWadaniSoldier

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    i hear good stories about land prices close to Darusalaam city district.
     
  8. GeKo

    GeKo

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    Although it's a big gamble you could buy land/ house in AS controlled areas lile Huruwaa and wait for the gov't to take back control They're so cheap, you could easily buy a whole villa for $20k. Just wait a decade or maybe less and it could be worth $100k+.

    Only problem is many houses and lands could be for a different owner than the one selling it to you. A lot of fraud happens.

    I'd check out the suburbs of xamar instead
     
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  9. Generalissimo

    Generalissimo

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    If you want to buy a 150 square meter Villa with a 200 square meter garden I would say that you could get away with 65-100 k in dollar if you have contacts
     
  10. RasCanjero-

    RasCanjero-

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    Xamar is irrationally overpriced for the current state of the housing market.

    When Somalia starts picking up; the middle class will be living in the suburbs and will need more Lebensraum.

    Pick a spot 2-5 miles out of Xamar but nearby decent infrastructure like highways and utilities.

    You should be able to buy enough empty land for a development of 5-10 houses for the price of a villa in central Xamar there.

    Wait until the market picks up to either flip the empty land or develop it yourself and make a 3x to 5x ROI.

    Over time new construction technologies will be imported and those newly built properties will be worth a lot more once we have some building regulations in place.
     
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  11. Mohamed Afrax

    Mohamed Afrax Jaalle Afrax

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    Hands down Heliwaa/Huriwaa cheap big villas we basically have 4 houses there and if you're HG even better for you. The houses are 20×20 unlike the other parts which are 13×13 it is underrated tbh had the best time of my life there.
     
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  12. Norwegian-Somali

    Norwegian-Somali

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    How expensive are the most expensive property?
     
  13. Mohamed Afrax

    Mohamed Afrax Jaalle Afrax

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    The fool Xasan Sheekh bought a house in KM4 for $2.5m
     
  14. Norwegian-Somali

    Norwegian-Somali

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    @Mohamed Afrax, whats driving the property boom, i wont believe Somali economy is booming. Maybe corruption money?
     
  15. saywalahi

    saywalahi The Barrel of a Gun.

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    huriwaa is also very well placed in xamar

    my dad has a few spots of undeveloped there :trumpsmirk:
     
    Last edited: Feb 14, 2018 at 8:20 PM
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