Penning my journal. With fresh breeze been contemplating Nairobi’s real estate goldmine, Airbnb. More and more, investors are drawn to the idea of transforming city apartments and suburban homes into short-term rental properties.
But where, in this sprawling city of contrasts, is the best place to put your money in Airbnb?
Here’s my take on the top suburbs to consider, and where you should look if you’re thinking of setting up an Airbnb.
Kilimani, for the social butterfly is Nairobi’s heartbeat for young professionals, expats, and tourists. The cafes are trendy, the nightlife is vibrant, and Yaya Centre sits right at its core. It’s the ultimate blend of convenience and culture, which makes it a top Airbnb spot.
A hotbed of activity and steady returns if you invest well. Furnish with style, and you’ll see great returns. High-end listings can fetch Kes 5,000 to Kes 10,000 per night. Occupancy sits at a solid 70-80%, especially among business travelers and digital nomads.
Westlands, the cosmopolitan hub in bulb remains Nairobi’s go-to for international offices, embassies, and high-end dining. The mix of corporate offices and entertainment venues makes it prime real estate for business travelers looking for a convenient stay.
Westlands offers stability and consistent high returns, especially if you’re catering to an affluent crowd. Expect occupancy rates of 65-75% with per-night rates of Kes 5,000 to Kes 10,000. Its business appeal keeps it steady year-round.
Syokimau is rapidly becoming a key investment spot due to its proximity to Jomo Kenyatta International Airport (JKIA) and the Standard Gauge Railway (SGR). Travelers in transit love it here, and it’s quickly attracting interest from investors due to its affordability and growing infrastructure.
Syokimau is a hidden gem for those looking to cater to transit travelers. It’s perfect if you’re willing to offer budget-friendly accommodation near the airport.
Occupancy rates vary, but with nightly rates between Kes 3,000 to Kes 5,000, it’s ideal for budget travelers and airport transits. Expect occupancy to hover between 55-65%.
Langata is an affordable option though slightly farther from the CBD, offers a unique mix of affordability and a community vibe. Being close to the Nairobi National Park and the Giraffe Centre, Langata is ideal for tourists who want to experience nature without straying too far from the city.
Perfect for budget-conscious tourists and families. It’s more affordable for investors but offers steady returns if marketed right.
Expect occupancy rates of 50-65% with nightly rates ranging from Kes 2,500 to Kes 4,500. The proximity to attractions like Bomas of Kenya and Carnivore Restaurant helps attract eco-tourists and budget travelers
Lavington known for its quiet comfort offers privacy, tranquility, and lush gardens. Perfect for families and long-stay tourists looking for a serene escape within Nairobi. If you’re targeting families and long-stay guests, Lavington is a great choice. Focus on large, comfortable homes with garden spaces.
Family units fetch Kes 6,000 to Kes 12,000 per night, with occupancy rates of 60-70%. Spacious homes are in demand, especially for extended stays.
Runda & Gigiri are home to embassies, diplomats, and international organizations. The spacious villas and security make these suburbs a go-to for high-end, long-term stays. High capital investment but premium returns. Cater to diplomatic guests and international executives, and you’re set.
Occupancy might range from 55-65%, but with per-night rates between Kes 10,000 to Kes 20,000, you’re guaranteed strong returns.
South B & South C spin a middle-class buzz with no fuss perfect for the middle-class investor. Affordable housing, decent infrastructure, and a community feel make these areas ideal for families and short-term budget travelers. These areas offer decent returns with lower initial investment. Perfect for mid-range travelers.
Expect nightly rates of Kes 2,500 to Kes 5,000, with occupancy at 50-65%. It’s a great entry point for smaller investors. Karen, an idyllic countryside escape for those seeking a more relaxed, nature-driven experience. With proximity to the David Sheldrick Wildlife Trust, Nairobi National Park, and luxury residences, Karen is a hit among eco-tourists and luxury travelers.
Expect nightly rates of Kes 8,000 to Kes 15,000 with occupancy rates around 60-70%. It’s a perfect getaway for tourists seeking the countryside within Nairobi.
Karen is ideal for eco-conscious travelers and families looking for a peaceful retreat. The investment cost is high, but so are the returns.
Kileleshwa is a gem often overshadowed by Kilimani, is quickly becoming a quiet contender. It offers a more laid-back experience but still has access to the same urban conveniences.
You can expect to charge between Kes 4,500 to Kes 8,000 per night with an occupancy rate of 65-75%. Property prices are more reasonable than Kilimani. Kileleshwa offers great value for money, making it an ideal entry point for new investors.
Parklands is where cultures converge. Its mix of Indian and African influences makes it a vibrant area with plenty of dining, shopping, and medical facilities. It’s also close to Westlands, which attracts business travelers and tourists alike.
Expect occupancy rates of 60-70%, with nightly rates between Kes 4,000 and Kes 7,000. Proximity to Aga Khan University Hospital brings in medical tourists.
Which is best Suburb for Airbnb Investment?
While every suburb has its strengths, Kilimani emerges as the top choice for investors. Its blend of urban excitement, demand from young professionals, and consistent high occupancy rates make it a standout. The ROI is excellent, and if you can furnish your property to meet international standards, you’re in for steady returns.
For those with a smaller budget, Kileleshwa is a rising star with similar returns at a lower initial investment. If you want to tap into the transit market, Syokimau offers solid opportunities due to its proximity to JKIA and the SGR.
Nairobi is a city of contrasts, but the short-term rental market offers a golden opportunity. Whether you’re catering to high-end luxury travelers or budget-conscious tourists, there’s a suburb waiting for your investment.
