In the world of real estate, Africa boasts a range of luxurious neighbourhoods that attract wealthy individuals and investors.
Africa’s real estate market is diverse and dynamic, with property prices soaring in regions known for their luxury developments and international appeal. From beachfront villas to high-end urban properties, the continent’s real estate market is diverse and dynamic.
Housing Africa TV takes a look at Numbeo’s report on the most expensive neighbourhoods to buy properties (per square meter).
Pereybere Beach, Flacq District, and Riviere Noire District – Mauritius $2,671.57
Mauritius tops the list with sky-high property costs, fueled by a strong economy and a penchant for luxury developments. The island’s allure to international investors and expatriates significantly influences its real estate market. Districts like Pereybere Beach, Flacq District, and Riviere Noire are known for their luxury homes, beachfront villas, and upscale resorts which makes them attractive to affluent and high-networth individuals.
Banana Island, Ikoyi, V.I, Eko Atlantic, Asokoro, Maitama – Nigeria $1,499.46
Nigeria’s commercial and administrative capitals of Lagos and Abuja dominate the luxurious real estate market. Affluent neighbourhoods such as Victoria Island, Banana, Eko Atlantic, Maitama, Asokoro and Ikoyi are home to the richest men in the country making them the most expensive neighbourhoods to reside in the country.
Muthaiga, Upper Hill and Lower Kabete – Kenya $1,385.08
The most expensive neighbourhoods in Kenya are in Nairobi, including Muthaiga, Upper Hill, and Lower Kabete. These neighbourhoods are known for their high-end homes, strict building laws, and proximity to schools, malls, and services.
Hydra, El Biar, and Bir Mourad Raïs – Algeria $1,209.43
Algeria’s upscale neighbourhoods are primarily in Algiers. The city’s strategic importance and the availability of premium real estate contribute to the high property values. They include Hydra, El Biar, and Bir Mourad Raïs. These neighbourhoods are known for their upscale homes and proximity to city attractions.
Camps Bay, Clifton, Llandudno and Sandton – South Africa $959.58
South Africa’s priciest properties are found in Cape Town and Johannesburg. Exclusive neighbourhoods such as Camps Bay, Clifton, Llandudno and Sandton are renowned for their luxury homes, attracting high demand from both local and international buyers.
Gammarth, La Marsa, Carthage, and Sidi Bou Saïd – Tunisia $926.89
Tunisia’s most luxurious properties are primarily located in the capital, Tunis. These neighbourhoods such as Gammarth, La Marsa, Carthage, and Sidi Bou Saïd are highly coveted by both locals and foreigners due to their proximity to business centres and cultural landmarks.
Janzour, Gargaresh, and Al-Juffairi – Libya $727.27
Even with Daunting political challenges, Libya’s property market remains valuable. The most expensive neighbourhoods in Libya include the suburbs of Tripoli and Benghazi which are known for their luxury villas and apartments. These neighbourhoods Janzour, Gargaresh, Al-Juffairi
Garden City, Maadi, Mohandessin, Heliopolis, Fourth District – Egypt $622.97
Some of the most expensive neighbourhoods in Egypt are located in Zamalek, Garden City, Maadi, Mohandessin, Heliopolis, Fourth District, North Investors District, and Roushdy. These neighbourhoods are known for their luxury, high-end services, and green spaces.
Anfa Supérieur, Souissi, and Villa Amelkis – Morocco $571.50
The most expensive neighbourhoods in Morocco are Casablanca, Marrakech, and Rabat. These cities are known for their premium housing options and are popular with international buyers. As of 2024, the Souissi neighbourhood had the most expensive real estate in Rabat, with an average offer price of 21,000 Moroccan dirhams per square meter.
