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The Senegal property market in 2025 presents a compelling case for investment, with prices rising steadily and rental yields reaching up to 9% in prime locations.
Dakar leads the national market with apartments averaging 1,110,121 CFA francs per square meter, while coastal resort areas like Saly are experiencing rapid growth driven by tourism and foreign investment. The market shows stability with consistent demand, but affordability constraints remain a challenge in premium zones.
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Property prices in Senegal continue rising in 2025, with Dakar apartments at 1,110,121 CFA/m² and strong appreciation expected in coastal resort areas like Saly.
Rental yields range from 6.3% to 9.0%, with the strongest demand in Dakar's central neighborhoods and tourist areas, making it an attractive market for both investment and owner-occupation.
| Location | Apartment Price (CFA/m²) | House Price (CFA/m²) | Rental Yield Range |
|---|---|---|---|
| Dakar (average) | 1,110,121 | 926,362 | 6.5% - 8.0% |
| Almadies (luxury) | 3,500,000 - 5,500,000 | 593,333 | 7.0% - 9.0% |
| Saly (resort) | ~1,000,000+ | Variable | 8.0% - 9.0% |
| Thiès | 808,753 | 890,298 | 6.3% - 7.5% |
| Rufisque | 900,000 - 1,200,000 | 850,000 - 1,100,000 | 6.8% - 8.2% |
What are the current property prices in Senegal by area and property type?
Property prices in Senegal as of September 2025 show significant variation between regions, with Dakar commanding premium prices while regional areas remain more affordable.
In Dakar, the national capital and economic hub, apartment prices average 1,110,121 CFA francs per square meter (approximately $1,820 USD), while houses average 926,362 CFA francs per square meter ($1,518 USD). The upscale Almadies neighborhood represents the luxury segment, with apartments ranging from 3.5 million to 5.5 million CFA francs per square meter and standard apartments at around 1.1 million CFA francs per square meter.
The Thiès region offers significantly more affordable options for buyers, with apartments priced around 808,753 CFA francs per square meter and houses at 890,298 CFA francs per square meter. This represents savings of approximately 25-30% compared to Dakar prices, making it attractive for first-time buyers or those seeking better value.
Coastal resort areas like Saly and Rufisque are experiencing rapid price appreciation due to tourism and foreign investment. Saly properties typically start at around 1 million CFA francs per square meter, while Rufisque falls between Dakar and Thiès price levels.
Commercial properties in prime Dakar locations, particularly in Almadies, range from 1.2 million to 2.5 million CFA francs per square meter.
How have property prices changed over the past 12 months and what's the short-term trend?
The Senegal property market has demonstrated strong momentum over the past 12 months, with price growth consistently outpacing inflation across all major markets.
Dakar has experienced price growth between 5-7% over the last 12 months, with this appreciation being driven by strong demand from both local buyers and diaspora investment. Premium neighborhoods like Almadies and Ngor have seen even stronger growth, with appreciation rates reaching up to 8% due to luxury development projects and international buyer interest.
The coastal resort market, particularly Saly, has shown remarkable resilience with price increases of 6-9% as tourism recovery post-pandemic has driven vacation home demand. Foreign investors, especially from Europe and North America, have been particularly active in these areas.
Regional markets like Thiès have experienced more moderate growth of 3-5%, still healthy but reflecting the more limited demand outside major urban centers. This creates opportunities for buyers seeking value appreciation in emerging markets.
The short-term trend remains decisively upward, supported by a resilient post-election economic environment, continued diaspora remittances, and ongoing infrastructure investment by the government. Market fundamentals suggest this growth trajectory will continue through 2025 and into 2026.
What are the forecasts for property prices in Senegal over the next 3 to 5 years?
Property price forecasts for Senegal through 2028-2030 remain optimistic, with moderate to robust appreciation expected across most market segments.
Prime areas in Dakar, particularly luxury neighborhoods like Almadies, are projected to maintain annual appreciation rates of 5-8% over the next three to five years. This growth will be supported by continued international investment, infrastructure improvements, and the area's established reputation as the country's premier residential district.
The broader Dakar residential market is expected to see steady appreciation of 3-7% annually, with new business and residential districts targeted for government investment likely to experience the higher end of this range. Areas where major infrastructure projects are planned or underway will benefit from speculative demand.
Coastal resort communities, led by Saly, are forecast to maintain strong growth momentum with annual appreciation of 4-8%, driven by expanding tourism infrastructure and growing vacation rental markets. The completion of planned resort developments and improved transportation links will support these projections.
Regional markets like Thiès are projected to experience more modest but consistent growth of 2-5% annually, making them attractive for value-conscious investors seeking steady appreciation without premium market volatility.
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Which areas in Senegal are most promising for medium to long-term appreciation?
Several areas in Senegal stand out as particularly promising for property appreciation over the next 5-10 years, based on development plans and market fundamentals.
Almadies in Dakar tops the list for appreciation potential, combining upscale demographics, rapid ongoing development, and consistent international demand. The area's luxury positioning and proximity to business districts make it resilient to market downturns while offering strong growth potential.
Saly and the surrounding coastal resort area represent exceptional opportunities for appreciation, driven by the booming tourism industry and high rental yields. Infrastructure upgrades and planned resort developments are expected to drive significant value increases, particularly for vacation properties and short-term rental investments.
Emerging zones within greater Dakar targeted for new business and residential districts offer speculative opportunities for substantial gains. These areas benefit from government infrastructure investment and urban expansion plans, though they carry higher risk than established neighborhoods.
The Thiès region, while more conservative in growth projections, offers steady appreciation potential with lower entry costs, making it suitable for investors seeking diversification or first-time buyers building long-term wealth.
Rufisque, strategically located between Dakar and developing coastal areas, presents a middle-ground opportunity with moderate appreciation potential and improving infrastructure connectivity.
What are the current rental yields in different areas and property types?
Rental yields in Senegal are among the most attractive in West Africa, ranging from 6.3% to 9.0% depending on location and property type as of September 2025.
| Location/Property Type | Rental Yield Range | Monthly Rent (CFA) |
|---|---|---|
| Almadies Luxury Apartments | 7.0% - 9.0% | 500,000 - 700,000 |
| Central Dakar Apartments | 6.5% - 8.0% | 300,000 - 500,000 |
| Saly Vacation Rentals | 8.0% - 9.0% | 400,000 - 600,000 |
| Thiès Residential | 6.3% - 7.5% | 150,000 - 250,000 |
| Dakar Commercial Space | 7.5% - 8.5% | 800,000 - 1,200,000 |
| Rufisque Mixed-Use | 6.8% - 8.2% | 200,000 - 350,000 |
Almadies represents the premium rental market, with luxury apartments typically commanding 500,000-700,000 CFA francs monthly rent and generating yields toward the upper end of the national range. The area's appeal to expatriate professionals and wealthy locals ensures consistent occupancy.
Saly's vacation rental market offers exceptional yields, particularly during peak tourist seasons, with properties achieving near the maximum 9% yields through short-term rental strategies targeting international tourists.
How strong is rental demand in the short term and how does it vary by location?
Rental demand across Senegal remains very strong as of September 2025, with significant variation by location and target demographic.
Dakar shows the strongest overall rental demand, particularly in central and coastal neighborhoods where occupancy rates consistently exceed 90%. The capital's status as the economic center drives demand from professionals, expatriates, and students, creating a diverse rental market that provides stability for landlords.
Almadies and other upscale Dakar neighborhoods experience exceptional demand from expatriate professionals and wealthy Senegalese, with luxury properties often having waiting lists. Rental periods tend to be longer-term (1-3 years), providing stable income streams for property owners.
Saly demonstrates unique seasonal demand patterns, with peak occupancy during tourist seasons (November-April) reaching near 100% for well-positioned vacation rentals. The area's growing reputation as a premium resort destination supports year-round demand, though at varying rate levels.
Regional markets like Thiès show moderate but steady demand, primarily from local professionals and families seeking affordable housing options. While occupancy rates are lower than Dakar (80-85%), rental prices are more stable and tenant turnover is reduced.
Commercial rental demand remains robust in Dakar's business districts, with new office and retail space being absorbed quickly due to economic growth and foreign investment in the country.
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What are the transaction costs, taxes, and fees for buying property in Senegal?
Transaction costs in Senegal are relatively high compared to some markets, typically totaling 8-15% of the property purchase price when all fees are included.
Registration fees represent the largest single cost, ranging from 5-10% of the property value depending on the property type and buyer status. These fees are paid to the government and cover the legal transfer of ownership and title registration.
Notary fees typically range from 1-2.5% of the purchase price and cover the legal documentation and verification process. Notaries in Senegal play a crucial role in property transactions and their fees are generally non-negotiable.
Legal fees for independent legal representation usually add another 1-2% to transaction costs. While not always mandatory, legal representation is highly recommended for foreign buyers to navigate local regulations and ensure proper documentation.
For buyers using mortgage financing, substantial down payments of 20-30% of the property value are required, and there are additional bank fees and mortgage processing costs that can add 1-2% to total acquisition costs.
Property taxes are relatively modest annual charges that vary by location and property type, typically representing 0.1-0.5% of property value annually. VAT or sales tax usually applies only to new construction or commercial properties, adding 18% to the purchase price where applicable.
How easy is it to resell property in Senegal and what's the average time on market?
Property liquidity in Senegal varies significantly by location and price point, with prime Dakar properties offering the best resale prospects.
In prime Dakar areas, particularly Almadies and central neighborhoods, well-priced properties typically sell within 1-6 months. The established buyer pool in these areas includes both local high-net-worth individuals and international buyers, providing multiple potential purchaser categories.
Standard residential properties in greater Dakar generally require 3-9 months to sell, depending on pricing strategy and property condition. The growing middle class and diaspora investment create steady demand for mid-market properties.
Regional markets like Thiès present more challenging liquidity conditions, with properties often requiring 6-18 months or longer to find buyers. The smaller buyer pool and limited financing options in these areas extend sale timelines significantly.
Coastal resort properties in Saly benefit from both domestic and international buyer interest, typically selling within 4-8 months if priced competitively. The vacation rental potential of these properties attracts investment buyers even during slower periods.
Factors that improve salability include proximity to infrastructure, quality construction, clear title documentation, and competitive pricing relative to comparable properties. Properties with existing rental income streams sell faster due to their immediate cash flow generation.
It's something we develop in our Senegal property pack.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Senegal versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What are the main risks that could affect property values in Senegal right now?
Several key risks could potentially impact Senegal property values in the current market environment, though most remain manageable with proper due diligence.
Affordability stress represents the most significant near-term risk, particularly in Dakar where property prices are rising faster than average wages. This dynamic could limit the pool of local buyers and create downward pressure on prices if economic conditions deteriorate.
Limited mortgage access poses ongoing challenges, with interest rates of 6.5-8.5% and restrictive lending terms limiting buyer financing options. This constraint particularly affects the mid-market segment and could slow transaction velocity if not addressed through policy reforms.
Climate risks, particularly flooding in certain areas, are causing localized property devaluation and insurance complications. Buyers should carefully assess flood-prone zones and factor climate resilience into long-term investment decisions.
Rising construction and material costs are impacting new development viability and could limit supply growth, potentially supporting prices but also making new construction less attractive for developers.
Currency fluctuation risk affects international buyers and could impact foreign investment flows that have supported recent price appreciation, particularly in luxury segments and resort areas.
Political and economic stability risks, while currently low, could emerge and affect investor confidence and foreign investment levels that have supported recent market growth.
What budget ranges make sense for different investment strategies?
Budget requirements in Senegal vary significantly depending on investment strategy and target market, with different approaches requiring different capital commitments.
For owner-occupiers seeking primary residence, budget ranges of 60-120 million CFA francs ($100,000-200,000 USD) provide access to quality mid-range properties in Dakar, while regional areas like Thiès offer similar properties for 40-80 million CFA francs ($65,000-130,000 USD).
Rental investment strategies typically require 70-150 million CFA francs ($115,000-250,000 USD) for properties capable of generating attractive yields in central Dakar or vacation rental markets in Saly. This budget range provides access to properties that can achieve the 7-9% rental yields available in prime locations.
Luxury market investment, particularly in Almadies, requires budgets starting at 200-300 million CFA francs ($330,000-500,000 USD) for apartments and significantly more for luxury houses. This segment offers the strongest appreciation potential but requires substantial capital commitment.
Land banking and speculative development opportunities in emerging areas can be accessed with budgets of 30-100 million CFA francs ($50,000-165,000 USD), depending on location and size. These investments offer the highest potential returns but carry increased risk and longer investment timelines.
Commercial property investment typically requires budgets exceeding 150 million CFA francs ($250,000 USD) for viable office or retail space in business districts, but offers stable rental income and professional tenant bases.
Which property types are best positioned for buyers in today's market?
The current Senegal property market favors certain property types that align with strong demand trends and favorable investment fundamentals.
Apartments in Dakar represent the strongest overall opportunity, offering the best combination of rental demand, resale liquidity, and appreciation potential. The diverse tenant pool and growing middle class support consistent occupancy and rental growth.
Vacation homes in Saly and coastal resort areas offer exceptional opportunities for investors comfortable with seasonal demand patterns. These properties achieve the highest rental yields (8-9%) and benefit from growing tourism infrastructure.
Land in emerging suburbs presents compelling opportunities for patient investors, particularly in areas where future infrastructure development is planned. While requiring longer investment horizons, land offers the potential for substantial appreciation with successful urban expansion.
Commercial properties, particularly office and retail space in established Dakar business districts, provide stable income streams and professional tenant bases, though they require higher capital investments and more sophisticated management.
Mixed-use properties that combine residential and commercial elements offer diversification benefits and multiple income streams, though they require more hands-on management and local market knowledge.
New construction properties in planned developments can offer modern amenities and appreciation potential, but buyers should carefully evaluate developer track records and completion timelines.
Where should you focus geographically and strategically for the best outcomes?
Strategic geographic focus in Senegal should align investment capital with the strongest growth and income prospects while managing risk through location selection.
Almadies and central/coastal Dakar areas should be the primary focus for investors with adequate capital, offering the best combination of stability, appreciation potential, and liquidity. These areas provide the most resilient investment outcomes and strongest resale prospects.
Saly and nearby resort communities represent exceptional opportunities for yield-focused investors comfortable with tourism-dependent markets. The combination of high rental yields and tourism growth provides both current income and long-term appreciation potential.
Emerging suburbs within greater Dakar with planned infrastructure development offer medium to long-term opportunities for land banking and development investments. These areas require careful due diligence on development timelines and government investment commitments.
Regional centers like Thiès provide value opportunities for investors seeking lower entry costs and steady appreciation, though with reduced liquidity and growth potential compared to primary markets.
Strategic considerations should include proximity to economic activity centers, transportation infrastructure, and amenities that support rental demand and property values. Diversification across multiple areas can provide risk management benefits for larger investment portfolios.
It's something we develop in our Senegal property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
The Senegal property market in September 2025 presents compelling opportunities for both investors and owner-occupiers, with strong fundamentals supporting continued growth across multiple market segments.
Prime locations in Dakar and coastal resort areas offer the best combination of appreciation potential and rental yields, while regional markets provide value opportunities for budget-conscious buyers seeking steady returns in an emerging market.
Sources
- Dakar Price Forecasts - TheAfricanVestor
- Senegal Price Forecasts - TheAfricanVestor
- Senegal Best Areas - TheAfricanVestor
- Senegal House Prices - Properstar
- Senegal Rental Yields - Global Property Guide
- Senegal Real Estate Trends - TheAfricanVestor
- Senegal Property Market - Properstar Singapore
- Senegal Real Estate Outlook - Statista