Khartoum Real Estate Market Collapses: Prices Drop 50% Amid Deep Slump in Airport and 60th Street Areas

 

The head of the interim committee of the Real Estate Offices Chamber, Mohamed Salah, said the sector has suffered losses worth billions of dollars due to the war, without providing further details on the scale of the damage.

 

 

 

Speaking to Al-Mawjaz Al-Sudani, he revealed that property prices in Khartoum State have fallen by up to 50%, noting what he described as government leniency regarding fees and taxes imposed on the sector. He added that central Khartoum remains the most affected area due to shelling and war damage, while rental prices have shown relative stability in areas still served by basic utilities.

 

 

 

 

He said monthly rents for two-bedroom apartments range between 700,000 and 1 million Sudanese pounds, and warned that rents are likely to rise in the coming period due to the exit of a large number of residential towers from service, reducing housing supply.

 

 

 

 

Salah noted that reopening residential buildings depends on the availability of electricity transformers, as well as greater private-sector involvement and access to bank financing for solar energy systems to ease pressure on the national grid.

 

 

 

He added that buying activity in the Airport Street and 60th Street areas has dropped to around 20%, despite the price per square meter reaching $1,300, calling for tighter regulation of furnished apartments.

 

 

 

He also pointed to limited rental activity in parts of Omdurman, Al-Wadi Street, and eastern Khartoum by some organizations and foreign embassies on short-term contracts of up to six months, describing this as a sign of hesitation and uncertainty among tenants.

 

 

 

 

Salah urged engineering and technical experts to conduct comprehensive structural assessments of buildings, warning that internal damage and cracks caused by shelling and vibrations could pose serious future safety risks if left unaddressed.