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L'e Mac - The First Residential Skycrapper in Kenya..
Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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mawinder wrote:Ericsson,seconded.Why would one rent a 1 bedroomed apartment in Nairobi at 150k,or is Nairobi now at the levels of Newyork and Tokyo? I wouldn't be surprised if they are all taken up ...masonko swimming in cash will be forced by their mpango wa kandos to shack them up at these prestigious places .... The Norfolk Apartments,..I know two ladies who live there courtesy of some rich dudes 
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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quicksand wrote:mawinder wrote:Ericsson,seconded.Why would one rent a 1 bedroomed apartment in Nairobi at 150k,or is Nairobi now at the levels of Newyork and Tokyo? I wouldn't be surprised if they are all taken up ...masonko swimming in cash will be forced by their mpango wa kandos to shack them up at these prestigious places .... The Norfolk Apartments,..I know two ladies who live there courtesy of some rich dudes With this thinking, It might just turn out to be a brothel
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Rank: Member Joined: 11/9/2007 Posts: 288 Location: OZ
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Kenya has all sort of people from all classes...the first Range Rover to be bought in Africa was by a Kenyan.. It's one of most unequal societies but with a growing number of middle class..more and more of Kenyans are getting into work force..and their needs are evolving..class and taste coming into play... I expect more complicated and elegant projects..to target Nairobi.. More monies, more problems...
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Rank: Member Joined: 11/9/2007 Posts: 288 Location: OZ
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Jamani wrote:quicksand wrote:mawinder wrote:Ericsson,seconded.Why would one rent a 1 bedroomed apartment in Nairobi at 150k,or is Nairobi now at the levels of Newyork and Tokyo? I wouldn't be surprised if they are all taken up ...masonko swimming in cash will be forced by their mpango wa kandos to shack them up at these prestigious places .... The Norfolk Apartments,..I know two ladies who live there courtesy of some rich dudes With this thinking, It might just turn out to be a brothel  Thats a nice one..High End one! Like those next to Wall St.. More monies, more problems...
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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14 Million? Never. That buys you 400 acres of virgin land in Kajiando county, where Nairobi is moving anyway. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Jamani wrote:Seles83 wrote:Jamani wrote:Prices are almost close to those of the prestigious Burj Khalifa. http://www.arabianbusine...square-foot-444434.html
The current price is 2100 AED per Sq Foot. 1 AED=24Kes..L'e Mac 2bdr Appartment size 904.. =2100*24*904= 45.5Million, Lemac price for same place= 16M... Thats no where close.. My friend, website prices are misleading.... walk in and offer cash you will get almost the same prices at BK. And again there are many other properties in UAE even in palm Jumeira, Marina, Jumeiria Lakes, that are better priced. While I am happy for the project, i like the concept and I know it will get buyers off-plan, i feel the price is too high. I don't think the Lemac is competing with anything in Dubai, would you live in Dubai and transact in Nairobi on a daily basis> Besides why can't the price be equal to similar facilities or even better ones in Dubai. In any case the return on Investment here is higher than Dubs. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Obi 1 Kanobi wrote:Jamani wrote:Seles83 wrote:Jamani wrote:Prices are almost close to those of the prestigious Burj Khalifa. http://www.arabianbusine...square-foot-444434.html
The current price is 2100 AED per Sq Foot. 1 AED=24Kes..L'e Mac 2bdr Appartment size 904.. =2100*24*904= 45.5Million, Lemac price for same place= 16M... Thats no where close.. My friend, website prices are misleading.... walk in and offer cash you will get almost the same prices at BK. And again there are many other properties in UAE even in palm Jumeira, Marina, Jumeiria Lakes, that are better priced. While I am happy for the project, i like the concept and I know it will get buyers off-plan, i feel the price is too high. I don't think the Lemac is competing with anything in Dubai, would you live in Dubai and transact in Nairobi on a daily basis> Besides why can't the price be equal to similar facilities or even better ones in Dubai. In any case the return on Investment here is higher than Dubs. I don't think the Lemac is competing with anything in Dubai....The price is competing... personally i wouldnt live in DXB and transact business in NBO daily i dont think anyone would..... Why cant prices be equal or similar? cost of construction, compare the cost of building on sand and on hard surface... I beg to differ on ROI btw NBO and DXB but then if you mean for the company constructing of course the returns will be better based on rip-off as the case is for L'e Mac
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Rank: Member Joined: 11/9/2007 Posts: 288 Location: OZ
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How much would the 1 or 2 bdr fetch minimum furnished and unfurnished..just a hunch or educated guess More monies, more problems...
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Seles83 wrote:How much would the 1 or 2 bdr fetch minimum furnished and unfurnished..just a hunch or educated guess How much would a 3 bedroom apartment cost within the vicinity of Le' Mac site?
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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interesting concept.....i can imagine the views from the apartments....kuna wale wanajiweza naz bei.... Wonder how le mac compares with one west parkFloat like a butterfly, sting like a bee. - Muhammad Ali🐝
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