Kenya real estate offers haven against naira volatility, says Dewale Consulting

Michael Olumide Alabi

Dewale Consulting Ltd (DCL), a data-driven real estate advisory firm, has unveiled its 2026 “Gateway to East Africa” Kenya Real Estate Investment Tour, targeting Nigerian investors seeking to diversify their portfolios and hedge against the volatility of the Naira, with projected rental yields of between 9 and 12 percent in Kenya’s thriving property market.

The firm announced, while unveiling its 2026 “Gateway to East Africa” Kenya Real Estate Investment Tour, scheduled to hold from July 20 to 25, 2026, in Nairobi, Kenya.

According to the Managing Director and Chief Executive Officer of DCL, Mr. Adewale Ajibade, the initiative is designed to encourage Nigerians to take advantage of emerging investment opportunities across Africa in line with the African Continental Free Trade Area (AfCFTA).

Ajibade said the tour reflects the growing need for investors to expand beyond Nigeria’s domestic market and embrace opportunities that provide stronger economic stability and long-term returns.

“Diversification is non-negotiable for smart investors. As Africa accelerates toward one African market, Kenya is a preferred destination because its real estate market offers clearer regulation, a more stable macroeconomic environment with low currency volatility, and greater market maturity,” he said.

He explained that pan-African diversification has become an effective strategy for protecting investments against the continuous depreciation of the Naira while creating sustainable wealth across the continent.

Ajibade identified Nairobi’s position as East Africa’s financial and institutional hub, Kenya’s well-developed Real Estate Investment Trust (REIT) market, and the country’s fast-growing technology ecosystem, popularly known as the “Silicon Savannah,” as key factors driving investor confidence.

He also noted that cross-border investment has become easier through the Pan-African Payment and Settlement System (PAPSS), while the presence of Nigerian financial institutions such as Access Bank, UBA and GTBank in Kenya has simplified payment processes, property acquisition and profit repatriation for Nigerian investors.

As part of the investment tour, participants will undertake physical inspections of carefully selected property developments across Nairobi and Kenya’s coastal cities.

Ajibade disclosed that investors will receive detailed market intelligence covering property types, demand patterns, rental yields and prevailing price trends.

He added that the programme would also provide comprehensive due diligence services, including legal verification, tax advisory, title confirmation through Kenya’s digital ArdhiSasa land registry, as well as practical guidance on market entry requirements for foreign investors.
Participants will also benefit from financial modelling sessions, investment planning, exit strategies and direct engagement with legal, financial and real estate professionals to ensure compliant and profitable investments.

The investment portfolio to be showcased during the tour includes off-plan residential apartments in Kilimani, Kileleshwa, Lavington, Riverside and Westlands, serviced apartments and holiday rentals along Kenya’s coastal cities, gated residential estates in Karen, Ruiru and Kiambu, as well as Grade-A commercial and mixed-use developments located in Upper Hill, Garden City and Tatu City.

According to DCL, current market projections indicate residential rental yields of between nine and 12 percent, while off-plan developments are expected to generate returns on investment of between 25 and 30 percent upon project completion.

The company further revealed that premium participants will enjoy an extended investment excursion to Mombasa, where they will inspect beachfront properties located in Diani, Nali and Shanzu, as well as hospitality and resort developments benefiting from Kenya’s expanding tourism industry.

Ajibade said the investment package includes return flights aboard Kenya Airways, four nights of premium accommodation, guided property inspections, a full-day investment workshop and a comprehensive tour of Nairobi.

Reflecting on the company’s experience, he noted that DCL has accumulated over 14 years of combined market expertise and pioneered what it describes as the “Second Basket Strategy,” which encourages investors to spread their wealth between Nigeria and more stable, dollar-earning African economies such as Kenya.

He said the strategy enables investors to reduce exposure to Naira depreciation while building diversified, resilient investment portfolios.

Ajibade added that DCL distinguishes itself through its end-to-end investment support model, ensuring clients receive assistance beyond the point of purchase.

“We don’t leave you stranded after purchase. Through alliances with pan-African banks, Kenyan legal experts and developers, clients buy, monitor portfolios through our management system, receive returns seamlessly and can exit their investments without boarding another flight,” he said.

The firm expressed confidence that the initiative will deepen cross-border investment among African countries while positioning Nigerian investors to benefit from Kenya’s stable property market and the broader opportunities emerging under the AfCFTA framework.