Urbanization and Its Impact on Real Estate Development in Uganda

Nakato Namazzi S.

Faculty Business and Management Kampala International University Uganda

                                           ABSTRACT

Urbanization in Uganda is driving significant transformations, impacting the dynamics of cities and the real estate sector. As rural populations migrate to urban centers like Kampala, Entebbe, and Mbarara for better opportunities, the resulting population growth pressures existing infrastructure and exacerbates housing shortages. This surge in demand for residential and commercial properties necessitates substantial investments and innovative approaches to expand and upgrade urban infrastructure. The housing market faces a stark contrast between luxury developments and underserved informal settlements, highlighting the need for affordable housing solutions and policies. Urbanization also offers opportunities for sustainable and smart city development, integrating green building practices, renewable energy, and advanced technologies to enhance urban resilience and efficiency. Government policies and urban planning initiatives are crucial in promoting sustainable growth, affordable housing, and robust infrastructure development. By addressing infrastructure needs, implementing innovative housing solutions, and adopting sustainable urban planning, Uganda can create vibrant, inclusive, and resilient cities for the future.

Keywords: Urbanization, Real estate development, Infrastructure, Affordable housing, Sustainable cities.

CITE AS: Nakato Namazzi S. (2024). Urbanization and Its Impact on Real Estate Development in Uganda. NEWPORT INTERNATIONAL JOURNAL OF CURRENT ISSUES IN ARTS AND MANAGEMENT, 4(3):41-44. https://doi.org/10.59298/NIJCIAM/2024/4.3.4144