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Dec 06, 2005

Yields are high in Senegal


Last Updated: Dec 6, 2005
DAKAR COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
60 sq. m. 100,000 700 8.40% 1,667 11.70
100 sq. m. 160,000 1,000 7.50% 1,600 10.00
150 sq. m. 220,000 1,400 7.64% 1,467 9.30
250 sq. m. 320,000 2,000 7.50% 1,280 8.00
350 sq. m. 400,000 2,500 7.50% 1,143 7.10
500 sq. m. 520,000 3,000 6.92% 1,040 6.00
750 sq. m. 800,000 4,000 6.00% 1,067 5.30
1,000 sq. m. 1,000,000 5,000 6.00% 1,000 5.00
1,200 sq. m. 1,200,000 6,000 6.00% 1,000 5.00
Beachfront property
50 sq. m. 60,000 400 8.00% 1,200 8.00
100 sq. m. 120,000 750 7.50% 1,200 7.50
150 sq. m. 170,000 1,200 8.47% 1,133 8.00
200 sq. m. 220,000 2,000 10.91% 1,100 10.00
300 sq. m. 320,000 2,800 10.50% 1,067 9.30
500 sq. m. 480,000 4,200 10.50% 960 8.40
Source: Global Property Guide

Rental yields are good in Dakar, and even higher on the coast.

A 250 square metre (sq. m.) apartment in Dakar would cost around US$320,000 to buy (or US$1,280 per sq. m.), and rent for around US$2,000 per month. This gives a yield of 7.5%.

As is usual in urban markets, smaller properties tend to yield rather more, while larger properties yield less.

Beachfront property costs are around the same, but the rentals achievable are higher. A 300 sq. m beachfront property might cost around US$320,000, but could rent for US$2,800 per month, giving a yield of 10.5%.

 





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