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VAAL Real Estate breaks ground for Cadenza Residence in Kampala
Jul 30, 2024
Developers are expanding outside the Central Business District driven by growing opportunities for investors and homebuyers
Kampala, Uganda | THE INDEPENDENT | Turkish real estate firm VAAL Real Estate has officially commenced construction on its flagship project, Cadenza Residence, located in Nakasero, Kampala. The project, valued at US$30 million, is set to be completed by 2027 and will feature 24 floors, making it one of the tallest buildings in Uganda and comparable to similar developments in other countries.
The Cadenza Residence will include amenities such as a heated swimming pool, a state-of-the-art gym, a business center, a children’s play area, and separate steam and sauna facilities for males and females.
“Cadenza Residence will set new standards for luxury living, offering great amenities, cutting-edge design, and a unique living experience that reflects the aspirations of modern Ugandans,” said Islam Mohamed, CEO of VAAL Real Estate, at the groundbreaking ceremony on July 26.
“As we turn this vision into reality, we look forward to welcoming our future residents to a place they can proudly call home. Cadenza Residence will be more than just a luxury address; it will be a symbol of progress, innovation, and the bright future of Kampala.”
The launch prices for units are set competitively to attract early buyers: Starting prices are now US$89, 000 for studios, US$128,500 for 1 bed-room and US$266,000 for a two-bedroom.
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