Get all the data you need about the real estate market in Senegal
The Senegalese residential property market has changed a lot in recent years, and so have rental yields across its neighborhoods.
Whether you are looking at a compact apartment in Dakar or a house further inland, understanding what each area actually returns is key before committing to a purchase.
We constantly update this blog post so the numbers you see here reflect the market as it stands today, in March 2026.
And if you're planning to buy a property in Senegal, you may want to download our real estate pack about Senegal.
A quick summary table
| Metric | Value |
|---|---|
| Senegal neighborhood with the best rental yield | Pikine (3-bed house, 8.5% gross) |
| Senegal neighborhood with the worst rental yield | Saint-Louis (2-bed apartment, 6.0% gross) |
| Average gross yield across Senegal | 7.8% |
| Average net yield across Senegal | 5.8% |
| Median purchase price in Senegal | 67,500,000 CFA |
| Average monthly rent in Senegal | 511,000 CFA |
| Average occupancy rate in Senegal | 91% |
| Fastest-leasing market in Senegal | Dakar Sacre-Coeur (11 days on average) |
| Slowest-leasing market in Senegal | Pikine (28 days on average) |
| Highest occupancy in Senegal | Dakar Plateau and Ngor (95% each) |
| Best value high-yield segment in Senegal | Dakar Almadies villas (9.6% gross, 7.4% net) |
| Yield spread across Senegal neighborhoods | 6.0% to 9.6% gross (3.6 percentage points) |
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Neighborhoods and property types in the 2026 Senegal market ranked by rental yield
This table ranks the top neighborhoods and property types in Senegal by gross rental yield.
For each neighborhood and property type, the table includes average purchase price, average monthly rent, gross rental yield, net rental yield, annual fees, average occupancy, average time to rent, main rental demand, main risk, and investment profile.
By the way, you'll find much more detailed data in our real estate pack about Senegal.
| # | Neighborhood | Property type | Gross rental yield | Net rental yield | Average purchase price | Average monthly rent | Ownership annual fees | Average occupancy | Average time to rent | Main rental demand | Main risk | Rental Investment Profile |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dakar (Almadies) | 3-Bedroom Villa | 9.6% | 7.4% | 150,000,000 CFA | 1,200,000 CFA | 2,000,000 CFA | 90% | 16 days | High-net-worth individuals | Limited demand at this price tier | Top Pick |
| 2 | Pikine | 3-Bedroom House | 8.5% | 6.4% | 35,000,000 CFA | 250,000 CFA | 700,000 CFA | 87% | 28 days | Low-income tenants | Higher local crime rates | Limited Appeal |
| 3 | Kaolack | 3-Bedroom House | 8.4% | 6.2% | 40,000,000 CFA | 280,000 CFA | 800,000 CFA | 92% | 25 days | Local families and retirees | Generally lower rental returns | Limited Appeal |
| 4 | Ziguinchor | 3-Bedroom House | 8.0% | 6.0% | 45,000,000 CFA | 300,000 CFA | 900,000 CFA | 85% | 18 days | Retirees and locals | Local demand remains low | Moderate Appeal |
| 5 | Saly Portudal | 2-Bedroom Apartment | 8.0% | 6.0% | 90,000,000 CFA | 600,000 CFA | 1,800,000 CFA | 91% | 15 days | Tourists and expats | Seasonal vacancy risks | Strong Potential |
| 6 | Dakar (Sacre-Coeur) | 2-Bedroom Apartment | 7.8% | 5.8% | 85,000,000 CFA | 550,000 CFA | 1,500,000 CFA | 94% | 11 days | Middle-income families | Economic downturn risk | Good Potential |
| 7 | Dakar (Ngor) | 2-Bedroom Apartment | 7.7% | 5.7% | 70,000,000 CFA | 450,000 CFA | 1,400,000 CFA | 95% | 13 days | Tourists and expats | Seasonal fluctuations | Good Potential |
| 8 | Thies | 4-Bedroom House | 7.6% | 5.4% | 55,000,000 CFA | 350,000 CFA | 1,100,000 CFA | 88% | 20 days | Local families and retirees | Property price volatility | Limited Appeal |
| 9 | Dakar (Mermoz) | 3-Bedroom House | 7.6% | 5.6% | 95,000,000 CFA | 600,000 CFA | 1,700,000 CFA | 93% | 14 days | Middle-class families | High maintenance costs | Good Potential |
| 10 | Dakar (Plateau) | 2-Bedroom Apartment | 7.5% | 5.5% | 80,000,000 CFA | 500,000 CFA | 1,500,000 CFA | 95% | 12 days | Young professionals and expats | High competition from similar units | Strong Potential |
| 11 | Dakar (Yoff) | 1-Bedroom Apartment | 7.0% | 5.2% | 60,000,000 CFA | 350,000 CFA | 1,200,000 CFA | 92% | 15 days | Students and young professionals | Price fluctuations | Moderate Appeal |
| 12 | Saint-Louis | 2-Bedroom Apartment | 6.0% | 4.5% | 50,000,000 CFA | 250,000 CFA | 1,000,000 CFA | 89% | 22 days | Young couples and locals | Lower rental demand overall | Moderate Appeal |
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Key insights about rental yields in Senegal
Insights
- Dakar Almadies villas deliver the highest net yield in Senegal at 7.4%, yet they also carry the highest entry price at 150 million CFA, making them an outlier worth watching for investors with deep pockets.
- Pikine and Kaolack offer gross yields above 8%, but both markets take over 25 days to rent, which tells you something important: higher paper yields do not always translate into faster, easier income.
- The gap between gross and net yield in Senegal averages around 2 percentage points, which is meaningful. A property showing 8% gross can end up closer to 6% once annual fees are accounted for.
- Dakar Ngor and Dakar Plateau share the highest occupancy in Senegal at 95%, despite very different price points. That consistency suggests reliable demand from both expat and local tenant pools.
- Saly Portudal stands out as the only coastal resort market in this analysis, delivering 8% gross yield with strong tourist-driven demand, but its seasonal vacancy risk is real and must be priced in.
- Dakar Sacre-Coeur rents in just 11 days on average, the fastest in this analysis, while also maintaining 94% occupancy. For investors who value predictability, that combination is hard to beat.
- Saint-Louis has the lowest gross yield in Senegal at 6%, and takes 22 days to find a tenant. The lower entry price at 50 million CFA barely compensates for the weaker return and slower leasing pace.
- Ziguinchor delivers a solid 8% gross yield with relatively low annual fees of 900,000 CFA, but its 85% occupancy is the weakest in this analysis, suggesting the market is thin and less liquid.
- The three Dakar neighborhoods in this analysis (Plateau, Mermoz, Ngor, Sacre-Coeur, Almadies, Yoff) cover a gross yield range from 7.0% to 9.6%, showing that location within Dakar matters more than most people expect.
- Net yields above 6% in Senegal are largely concentrated in markets with low purchase prices and moderate rents, such as Kaolack and Pikine. High-end Dakar properties only break the 6% net threshold in Almadies.
- Thies, despite being Senegal's second largest city, scores the worst investment profile among the higher-yield markets. Its 20-day leasing time and property price volatility make it harder to recommend.
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About our methodology
Senegal's real estate market operates differently from most Western markets. Prices are often quoted in CFA francs, listings can be informal, and data transparency varies sharply between Dakar and secondary cities like Thies or Kaolack. That is why methodology matters here more than most places.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Senegal.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each neighborhood and property type, we then aggregated the freshest purchase price and monthly rent data available. When possible, we cross-checked multiple sources to confirm the same range.
This allowed us to estimate rental yield before costs. That is the gross yield, based on annual rent versus purchase price.
We then estimated rental yield after costs. That is the net yield, after recurring ownership and operating expenses.
These expenses can vary by neighborhood. That is why two areas with similar rents can still produce different net returns.
For example, a villa in Almadies carries higher insurance and security costs than a flat in Yoff. In tourist-heavy markets like Saly Portudal, seasonal vacancy and management costs also affect the real return more than the headline figure suggests.
We also estimated ownership annual fees by combining the main recurring costs linked to each asset. This includes items such as property taxes, building maintenance, insurance, and a vacancy allowance where relevant.
These estimates were not applied as one flat number across the country. They were adjusted by neighborhood and property type to better reflect local ownership conditions in Senegal.
This table should therefore be read as a structured market estimate, not as an exact guarantee of future performance. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Senegal.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Senegal, we rely on verifiable sources and a transparent methodology.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's reliable | How we used it |
|---|---|---|
| National Statistics Agency of Senegal (ANSD) | The official government body for national statistics in Senegal, making it the most direct source for verified housing and demographic data. | We used their regional population trends and housing figures to understand where rental demand is concentrated. We also referenced their historical rent data to track price movements over time. |
| World Bank | A globally trusted institution that publishes economic and real estate data for Senegal on a regular basis. | We drew on their economic reports to provide context on rental yields and market conditions. We cross-referenced their figures with local sources to check for consistency. |
| Central Bank of West African States (BCEAO) | The central financial authority for the CFA franc zone, offering reliable data on inflation and monetary conditions in Senegal. | We used their inflation and interest rate data to understand how financing costs affect net yields. We also factored in their currency stability reports when assessing investment risk. |
| International Monetary Fund (IMF) | The IMF produces detailed economic outlooks for Senegal, including assessments of the investment climate and real estate conditions. | We reviewed their latest economic review to evaluate the broader investment context for residential property in Senegal. We used their growth projections to assess whether rental demand is likely to hold. |
| Jumia House Senegal | One of the most active and widely used property listing platforms in Senegal, with broad coverage across Dakar and secondary cities. | We consulted their active listings to benchmark current asking prices and typical rent levels across neighborhoods. We used listing volume and time-on-market signals to estimate leasing speed and occupancy. |
| Knight Frank | A globally respected real estate consultancy with specific coverage of West African markets including Senegal. | We used their market reports to cross-check high-demand property types in Dakar's premium areas. We referenced their analysis to validate yield estimates in the luxury segment, particularly in Almadies. |
| United Nations Senegal | The UN country office publishes demographic and urban development data relevant to housing demand in Senegal. | We referenced their urbanization and population growth data to understand long-term rental demand trends. We used this to contextualize why certain neighborhoods, particularly in greater Dakar, continue to see strong tenant interest. |
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