Investment property in Senegal: what to buy and what it costs
One-bedroom apartment in Parcelles Assainies for long-term letting
$77,200
A 55 m² apartment with a bedroom, a living room, a ceiling fan and a narrow balcony on the third floor of a four-storey building in Parcelles Assainies - a large residential district in the north of Dakar. Below the windows are a sandy street, the flat roofs of ochre houses with water tanks and a shady neem tree. Such apartments are let long-term to young families and office workers.
One-bedroom apartment in Grand Yoff
$91,300
A 65 m² apartment with a bedroom, a living room, air conditioning, an open kitchenette and a balcony on the fourth floor of a five-storey building in Grand Yoff - a dense residential district in the middle of the peninsula. The windows look onto flat roofs, palm trees and new five-storey blocks. The business centre and the motorway are 15 minutes away.
Two-bedroom apartment in Sicap Liberté
$106,000
A 75 m² apartment with two bedrooms, a living-dining room and a ceiling fan on the third floor of a renovated building in Sicap Liberté - a quiet quarter of low houses, bougainvillea over the walls and acacias along the streets. A market, schools and bus stops are nearby. Apartments here are let to office workers' families.
Two-bedroom apartment with an ocean view in Yoff
$120,000
An 85 m² apartment with two bedrooms, a bright living room, air conditioning and a balcony on the fifth floor of a new building in Yoff - a beachside district on Dakar's northern shore. The windows look onto white flat roofs, a strip of the Atlantic Ocean and fishing pirogues on the sand. The beach is a 10-minute walk away.
Two-bedroom apartment by the avenue in Liberté 6
$134,000
A 95 m² apartment with two bedrooms, a spacious living-dining room, two air conditioners and a balcony with plants on the fourth floor of a modern building in Liberté 6. Below the windows are a wide avenue with palm trees and shops and cafés on the ground floors. The airport motorway and the centre are 15-20 minutes away.
Three-bedroom apartment with a view of the hills in Ouakam
$148,000
A 105 m² apartment with three bedrooms, a large living room, air conditioning and wide windows on the sixth floor of a building in Ouakam - a district on Dakar's western shore by green hills. The windows look onto the rooftops of the quarter, baobabs, the hills and a strip of the ocean. Beaches and the university campus are nearby.
Three-bedroom family apartment in Sacré-Cœur
$169,000
A 120 m² apartment with three bedrooms, a living-dining room, air conditioning, a ceiling fan and a wide balcony on the fourth floor of a family building in Sacré-Cœur. Below the windows is a quiet street with white villas, bougainvillea and mango trees. Private schools and supermarkets are nearby.
Three-bedroom apartment with a terrace in Mermoz
$197,000
A 140 m² apartment with three bedrooms, a large bright living room, two air conditioners, floor-to-ceiling windows and a wide terrace with potted palms on the fifth floor of a building in Mermoz. The windows look onto green streets with low white houses and the ocean in the distance. Apartments of this size are let to the families of foreign specialists.
What properties are bought for investment in Senegal
Above are the most interesting offers selected by our experts. The price in each card is the Dakar square metre price for an apartment by our experts' estimate multiplied by the floor area, and the CFA francs are converted from the dollar at the rate on the page date. A manager will find a property to match your requirements.
Apartments for sale in the residential districts of Dakar, the square metre price, rental yields, the rules of purchase for a foreigner, taxes on buying, owning and letting.
A foreigner buys an apartment in Senegal on the same terms as a citizen, with no permits: all that is needed is a title deed to the land under the building. Prices are quoted in CFA francs, which are pegged to the euro. By our experts' estimate, a square metre of an apartment in the residential districts of Dakar costs about $1,400 (830,000 CFA francs), and letting yields about 7.3% a year.
This page covers apartments in the capital's residential districts, prices, rental yields, taxes on buying, owning and letting and the rules for a foreigner.
The market in brief
Prices and rules as of 2026.
How much an apartment in Senegal costs in 2026
Apartment prices in Senegal are quoted in CFA francs, often with a euro price alongside. By our experts' estimate, a square metre in the residential districts of Dakar - from Parcelles Assainies and Grand Yoff to Sacré-Cœur and Mermoz - costs about $1,400 (830,000 CFA francs). In Plateau, Almadies and Ngor by the ocean a square metre costs one and a half to two times more.
| Apartment in Dakar | Floor area | Price at the average square metre |
|---|---|---|
| One-bedroom | 50 m² | ~$71,000 |
| Two-bedroom | 80 m² | ~$110,000 |
| Three-bedroom | 110 m² | ~$150,000 |
Square metre prices are our experts' estimate in 2026, rounded; the apartment price is the average square metre multiplied by the floor area, with CFA francs converted at the rate on that date.
What yield letting gives
The long-term rental yield in Dakar is about 7.3% a year before tax and costs, by our experts' estimate: a three-bedroom apartment in the residential districts is let for about $920 a month. Small apartments earn more per dollar invested, large ones less.
| Tax | Rate |
|---|---|
| Rental income | 20% of the net income, for residents and non-residents alike |
| Annual tax on buildings | 5% of the rental value, new buildings exempt for 5 years |
| Gain on the sale of an apartment | 10% |
| Inheritance tax | on a scale by degree of kinship |
Data for 2026: the yield is our experts' estimate for Dakar; a comparison of countries is in the rental yield table.
How to bring in the money for the purchase is covered on the page how to send money to Senegal, and life in the capital is described on the page Dakar.
What costs to add to the property price
| Payment | Amount |
|---|---|
| Transfer duty on the title | 5% of the price |
| Entry in the land register | 1% of the price |
| Notary | on a scale from the price, plus 18% VAT |
| Building maintenance fee | monthly, at the building manager's tariff |
Data for 2026. For an apartment in Sicap Liberté at $106,000 the transfer duty comes to about $5,300 (3,200,000 CFA francs). The deal is executed by a notary, and an apartment in a building on land without a title deed - with a right of use only - will not be registered to a foreigner. A manager calculates the total for a specific property.
In Senegal the land title deed and the apartment's entry in the register are checked before the deposit
Mistakes cost more than the support: an apartment in a building on land without a title deed will not be registered to you; land disputes and encumbrances pass to the buyer; arrears of building fees fall on the new owner; a forgotten 6% in duties changes the yield calculation. We check the title, the register and the developer before the deposit and run the deal together with the notary.
The cost of support depends on the purchase budget and the goal - investment, letting or a home for yourself; a manager will calculate it in the chat.
Does the purchase give a residence permit
The purchase on its own does not give a residence permit. Foreigners obtain a Senegalese resident card for work, business or family, and citizens of the Economic Community of West African States live in the country without a visa.
You can buy an apartment without a status too: a foreigner registers it in their own name on a passport before a notary, and the title is entered in the land register. What matters is that the land under the building has a title deed and the apartment itself has its own entry in the register.
How we find a property
- Budget and goal: investment, letting or a home for yourself. The manager clarifies the district of Dakar and how you will pay.
- A selection of real apartments in buildings on titled land: the seller's price, floor area, the building fee, a yield calculation.
- Checks before the deposit: the land title deed and the apartment's entry in the register, disputes and encumbrances, arrears of fees and taxes, the developer.
- A remote deal through a notary in Dakar: the agreement, payment by bank transfer, the transfer duty, the entry of your title in the land register.
The manager sends the selection to the chat, with sellers' prices on the date of the selection.
Options in other countries
Investment property in other countries:
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More on buying in this country:
All countries and budgets compared - on the page Investment property abroad.
FAQ
How much does an apartment in Senegal cost in 2026?
Can foreigners buy property in Senegal?
Does buying property give a residence permit in Senegal?
What yield does letting an apartment in Senegal give?
What taxes apply when buying property in Senegal?
In what currency do you buy an apartment in Senegal?
Where to buy an apartment for investment in Senegal?
Can you buy property in Senegal remotely?
Don’t want to figure this out alone?
We handle the whole process end to end: we shortlist properties for your goal, run legal checks and support the deal through to registration. Ask your question in the chat: the free consultation starts right here. Legal representation before authorities and courts is handled by Murblz specialists together with locally licensed partners.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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