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Al Jazeera
Al Jazeera
Business
Hamza Mohamed

Somali real estate boom gives Mogadishu residents money headaches

Mogadishu residents say the boom in real estate has lead to a hike in rents [Hamza Mohamed/Al Jazeera]

Mogadishu, Somalia – Mumtaz Ahmed looks and sounds overwhelmed. For three weeks, she has been searching for an apartment to rent in the Somali capital, Mogadishu, for her young family of three. The few properties on the market are either too expensive or owners ask for a large deposit upfront.

“I’m looking for two to three-bedroom apartment in this area and it is proving impossible,” the mother-of-one told Al Jazeera as she sat in the waiting area of an estate agency in the Waberi district of the city.

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