Authored by the expert who managed and guided the team behind the Senegal Property Pack
Everything you need to know before buying real estate is included in our Senegal Property Pack
Where are the best places to invest in Senegal right now? Is Dakar still the top pick, or are cities like Saint-Louis, Thiès, and Ziguinchor gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the country. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Senegal and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
How this content was created 🔎📝
1) Touba is booming with property development due to its religious importance and growing population
Touba is booming with property development, and there are some compelling reasons why.
First off, let's look at the population growth. Back in 2024, Touba had about 753,315 residents, a significant number considering Senegal's total population was around 18.5 million. Fast forward to 2030, and Touba's population is expected to hit 1.1 million. This surge naturally boosts the demand for housing and infrastructure.
Now, consider the real estate market trends in Senegal. The market is on the rise, thanks to increasing urbanization and government efforts to attract foreign investment. While we don't have specific numbers for Touba, it's safe to say Touba is riding this wave of growth. The market volume is projected to reach $332.80 billion by 2029, indicating a robust future.
Then there's the religious significance of Touba. As a major site for the Mouride Brotherhood, it draws countless pilgrims and visitors. This religious pull makes the area attractive for both residents and tourists, fueling property development. The influx of visitors creates a constant demand for accommodations, further driving the real estate market.
Additionally, the Senegalese government is keen on attracting foreign investment, which likely benefits Touba. With its strategic location and growing population, Touba stands out as a prime spot for investors looking to capitalize on the city's expansion.
Sources: Statista Market Forecast, Worldometer Population Data
2) Mbour is gaining interest for its growing infrastructure and closeness to Dakar, boosting residential property demand
Mbour is becoming a hot spot for residential property buyers.
One big reason is the government's heavy investment in infrastructure across Senegal. This includes new roads and airport expansions, making Mbour more accessible and appealing for real estate. With these improvements, getting to and from Dakar is easier, which is a huge plus for anyone considering a move.
The real estate market in Senegal is on the rise, with residential real estate expected to grow by 5.21% from 2024 to 2029. This means property prices are likely to go up, so people are eager to buy now before they climb even higher. It's a smart move for those looking to invest in a promising area.
There's also a trend towards developing new residential communities. In Senegal, gated communities and high-rise apartments are becoming popular, and Mbour is likely seeing this trend too. These developments cater to the growing demand for secure and convenient living spaces, driven by urbanization.
Transportation improvements are another draw. While Mbour isn't directly mentioned, the all-electric Bus Rapid Transit (BRT) system in Dakar is set to cut travel times and boost connectivity. This kind of progress in the region can make Mbour even more attractive to potential residents.
Sources: Statista, World Bank Blogs, Statista
We made this infographic to show you how property prices in Senegal compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) Kaolack is gaining interest for its commercial real estate potential as a regional trade hub
Kaolack is drawing in investors thanks to its pivotal role as a trade hub in Senegal.
Picture this: a bustling town that's not just a market center but also the heart of peanut trading and processing in the country. This naturally ramps up commercial interest and economic buzz in the area.
With the new Mbour-Fatick-Kaolack motorway, connectivity has taken a leap forward. This road is a game-changer, making it a breeze for goods and people to flow in and out, which is a big win for attracting more investors.
Senegal's economy is on the rise, with a promising GDP growth rate projected at 6.6% over the next five years. This economic upswing is a beacon for property values, especially in places like Kaolack.
As the economy booms, expect a surge in demand for both housing and commercial spaces. It's a clear sign of a thriving market that's catching the eye of savvy investors.
Sources: Wikipedia, Chinafrica, Statista
4) Ziguinchor is gaining attention as a real estate hotspot with its strategic location in Casamance and improved transport links
Ziguinchor is quickly becoming a real estate hotspot in Senegal.
Thanks to increased investment in infrastructure by the Senegalese government, Ziguinchor is now more connected than ever. New roads and bridges have made it easier to travel between Ziguinchor and other major cities, which is a big draw for both residents and businesses. This improved connectivity is a game-changer for the region.
Property prices in the Casamance region, where Ziguinchor is located, are on the rise. This trend shows a growing demand for residential and commercial properties. The government is also pushing tourism and economic development, offering tax breaks to developers and making it easier to get land and construction permits. These moves are boosting the construction sector significantly.
Foreign investors are taking notice of Senegal's strategic location and political stability, with a particular focus on the Casamance region. This interest is driving up demand for real estate, as investors see potential in both residential and commercial properties. Economic growth, urbanization, and a growing middle class are all contributing to this trend.
With Ziguinchor's strategic location in the Casamance region, it's no wonder that foreign investors are increasingly interested in the area's real estate opportunities. The combination of improved infrastructure and government incentives makes it an attractive option for investment.
As the region continues to develop, the demand for property is expected to keep rising, making Ziguinchor a key player in Senegal's real estate market. The area's potential is being recognized not just locally, but internationally as well.
Sources: Senegal Real Estate Market
5) Dakar’s Almadies neighborhood is booming with rapid property appreciation due to upscale developments and proximity to embassies and international businesses
Almadies in Dakar is seeing a rapid rise in property prices due to its upscale developments and strategic location.
In this vibrant neighborhood, the average housing price per square meter is between 2,000,000 and 3,500,000 CFA. Luxury apartments here rent for 500,000 to 700,000 CFA per month, making it a sought-after area for those looking for high-end living. The trend is expected to continue, with property values projected to increase by 3% to 7% in 2025, driven by ongoing luxury developments and a steady influx of expatriates and affluent locals.
Almadies is a magnet for luxury real estate, consistently appreciating due to its limited supply and high demand. The area is a favorite among affluent residents and international investors, thanks to its coastal charm and exclusivity. Real estate agencies often highlight Almadies as a prime investment spot, known for its luxury villas, embassies, and upscale dining, making it the most prestigious area in Dakar.
Moreover, the neighborhood is benefiting from significant infrastructure upgrades, including road expansions and improved public transport, which enhance connectivity and accessibility. This, combined with its proximity to major embassies and international organizations, attracts high-income residents and international investors, further driving property appreciation.
Almadies' appeal is not just about luxury; it's about lifestyle. The area offers a unique blend of modern amenities and natural beauty, with stunning ocean views and a vibrant social scene. This makes it an ideal location for those seeking a balance between work and leisure, with everything from fine dining to cultural experiences right at their doorstep.
For potential buyers, investing in Almadies means tapping into a market that promises both stability and growth. The neighborhood's ongoing development and strategic location ensure that property values will continue to rise, making it a smart choice for those looking to invest in Dakar's real estate market.
Sources: Reglage.co
Don't buy the wrong property, in the wrong area of Senegal
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
6) Thiès is attracting interest with its affordable land and growth potential as a commuter town for Dakar
Thiès is catching eyes for its affordable land prices, especially when you compare it to Dakar.
Imagine getting more bang for your buck; that's what Thiès offers. Land prices here are much lower than in Dakar, making it a hot spot for real estate investors. This affordability is a magnet for those looking to invest smartly.
But it's not just about the prices. Thiès is growing, and fast. Thanks to its close proximity to Dakar, more people are moving here to enjoy a lower cost of living while still working in the capital. This trend is turning Thiès into a promising commuter town.
Infrastructure is the backbone of this transformation. Major projects like the railway expansion by Grands Trains du Sénégal are making it easier to travel between Thiès and Dakar. The new train station and successful trial runs are just the beginning.
These developments are not just about convenience; they are boosting the area's appeal. Improved connectivity is drawing more interest from those who want the best of both worlds—affordable living and easy access to Dakar.
With all these factors in play, Thiès is not just a place to live; it's a place to invest in the future. The demand for housing and land is climbing, signaling its potential as a thriving commuter town.
Sources: Properstar, Energycapitalpower
7) Rufisque is gaining interest with its urban renewal projects and closeness to Dakar's city center
Rufisque is becoming a hot spot for property buyers thanks to its urban renewal projects and closeness to Dakar.
One standout project is the Keury Kao coastline redevelopment, which is transforming the area by clearing rubbish dumps and adding leisure spaces. This not only beautifies the environment but also boosts property value with new amenities like eco-friendly benches made from recycled materials.
Rufisque's population has skyrocketed from 31,916 in 1950 to 401,971 in 2024, showing a huge demand for housing. This surge makes it a magnet for property investors eyeing emerging markets.
Being just east of Dakar, Rufisque offers a prime location for commuters who want easy access to the city center. This has led to the growth of light industry and turned Rufisque into a bustling transport hub.
With these developments, Rufisque is not just a suburb but a thriving community with its own appeal. The ongoing projects and strategic location make it a smart choice for those looking to invest in property.
Sources: Climate Chance, World Population Review, Britannica
8) Diamniadio is gaining attention for its ambitious urban projects and promising property value growth
Diamniadio is drawing in investors with its ambitious urban development projects.
One of the most exciting ventures is the Diamniadio Lake City, a key part of Senegal's economic revitalization plan. This massive project, set to finish by 2035, covers 1644 hectares and will feature everything from homes to business districts, plus universities and research centers.
The opening of the Blaise Diagne International Airport in 2017 has made Diamniadio much more accessible, enhancing its attractiveness to both investors and residents. This is further supported by the Dakar-Diamniadio toll highway, which slashes travel time from Dakar to Diamniadio from 90 minutes to just 30 minutes.
There's also a new administrative city in the works, aimed at easing congestion in Dakar. This involves moving government departments to Diamniadio, effectively turning it into a bustling administrative hub. The presence of international companies, like Atos, which plans to create 1,000 jobs, underscores the area's growing significance.
With these developments, property values in Diamniadio are expected to rise, making it a promising investment opportunity. The combination of improved infrastructure and strategic urban planning is transforming Diamniadio into a key player in Senegal's future.
Sources: Perspectives CBLACP, Wikipedia, Business Insider
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Senegal. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Kédougou is gaining interest for its untapped real estate potential with growing mining and agricultural industries
Kédougou is catching eyes for its untapped real estate potential, thanks to booming mining and agriculture.
The Falémé Integrated Iron Project is a big deal here, aiming to set up a mining and steel complex that will boost local iron mining. This means more economic activity and a likely spike in real estate demand.
On the agriculture front, the government is stepping up with solar pumping systems. These are part of a push to transform agricultural productivity and support rural communities, making the area more attractive for real estate investors.
As these industries grow, so do job opportunities, bringing more people to Kédougou. This influx is driving up the demand for housing and commercial spaces, making it a hot spot for real estate investment.
Infrastructure is also getting a boost with new roads and utilities, enhancing connectivity. This makes Kédougou more appealing for real estate, as better infrastructure supports economic growth and property values.
With these developments, Kédougou is becoming a prime location for those looking to invest in real estate, especially with the ongoing expansion of mining and agriculture in the region.
Sources: Energy Capital & Power, ECOWAS, Statista
10) Saint-Louis' Langue de Barbarie is gaining attention for its beachfront properties, boosted by tourism and eco-friendly projects
The Langue de Barbarie area in Saint-Louis is now a prime spot for beachfront property thanks to a boom in tourism and eco-friendly projects.
Senegal has been working hard to attract tourists, with a goal to bring in 3 million visitors, and Saint-Louis is a key part of this plan. This focus has made the area even more appealing to those looking for a vibrant tourist destination.
Eco-friendly initiatives like the Rainwater Management and Adaptation to Climate Change Project (PROGEP) are making waves. These projects aim to boost urban resilience by tackling climate risks and promoting sustainable growth, aligning perfectly with the eco-tourism trend. This not only helps the environment but also draws in buyers who care about sustainability.
Travel to Saint-Louis is now easier than ever, thanks to new airports that have opened up, making the area more accessible and supporting the tourism boom. The local government is also committed to sustainable tourism, which is a big draw for potential property buyers.
Development programs in the region focus on making the area more livable and environmentally friendly, while also revitalizing local arts and crafts. This approach resonates with both tourists and those looking to invest in property, as it enhances the area's cultural and environmental appeal.
With these efforts, Saint-Louis is becoming a hotspot for those interested in eco-friendly living and vibrant cultural experiences, making it a top choice for property buyers looking for something unique.
Sources: Guidafrica, Ocean Climate, UNESCO
11) Saly is booming with its tourism industry driving high rental yields for vacation properties
Saly is a hot spot for real estate thanks to its thriving tourism scene.
In recent years, tourist numbers in Saly have surged, drawing more visitors than ever. This boom is part of a larger trend, with Senegal's travel and tourism GDP on the rise. As more tourists flock to Saly, the demand for vacation properties has naturally increased.
Vacation rentals in Saly are seeing rising occupancy rates, a clear sign of this growing demand. While exact figures aren't available, the trend is evident: more tourists mean more need for places to stay. This translates to high rental yields for property owners, with Senegal's rental yields ranging from 6.3% to 9.0%.
The area's appeal is further enhanced by new hotels and resorts popping up, thanks to initiatives like the Senegal Tourism and Enterprise Development Project. This project has not only focused on renovating beaches but has also reclaimed significant beach areas, showing a strong commitment to boosting tourism infrastructure.
Investors are taking note of these developments, as infrastructure improvements continue to attract tourists. The combination of beautiful beaches and modern amenities makes Saly an attractive destination for both tourists and real estate investors.
With the ongoing support from projects aimed at enhancing tourism, Saly's real estate market is poised for continued growth. The influx of tourists and the resulting demand for vacation properties make it a promising investment opportunity.
Sources: World Bank, Senegal Tourism and Business Development Project, EIR2023-Senegal
Make a profitable investment in Senegal
Better information leads to better decisions. Save time and money. Download our guide.
12) Saint-Louis is gaining attention for its historical charm and rising interest in heritage property investments, driving up property prices
Saint-Louis is becoming a hot spot for those interested in heritage property investments due to its historical charm.
In May 2024, property prices in Saint-Louis saw a 2.2% increase from the previous year, with the median sale price hitting $235,000. This steady rise indicates a stable upward trend in the market, making it an attractive option for potential buyers.
The city's allure is bolstered by a robust heritage conservation program, which focuses on preserving its historical sites. This initiative includes the rehabilitation of 118 private buildings and five historical monuments, such as the iconic Cathedral of Saint-Louis. These efforts are backed by partnerships with local, national, and international organizations, underscoring the city's dedication to its historical roots.
Saint-Louis is also a magnet for tourists, with Senegal aiming to draw in three million tourists by the end of 2024. The city has ramped up security, hygiene, and its digital presence to enhance the visitor experience. Events like the Jazz Festival and the Week of the Lantern are major attractions, boosting the city's tourism numbers.
These cultural events not only draw visitors but also contribute to the city's growing reputation as a cultural hub. The influx of tourists and the city's commitment to preserving its heritage are key factors driving the rise in property prices.
Sources: JIWALL, UNESCO, Guidafrica
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.