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 | |||||
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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%.