Diaspora University Town (DUT) is offering Kenyans an opportunity to develop modern townhouses within a Ksh 200 billion master-planned development that combines housing, education, employment, business establishment, and wealth creation. The 3,500-townhouse development is a central pillar of the DUT Master Development Plan, designed not only to provide quality housing but also to empower Kenyans to become developers, property owners, and founders of a new university and economic ecosystem.
The townhouse plan aligns with the Constitution of Kenya, particularly Articles 42, 43, and 53, which guarantee the right to housing, economic opportunity, and a clean and healthy environment. Beyond housing, the project is expected to create 20,000 jobs, increase Kenya’s GDP by Ksh 20 billion, and generate Ksh 70 billion in new banking and financial assets.
Becoming a Townhouse Developer and Owner at DUT
Unlike traditional housing projects, where buyers purchase completed homes, DUT offers Kenyans the opportunity to become townhouse developers through a structured investment system called the Townhouse Investment and Development Agreement (THIDA). Under this agreement, individuals invest capital and directly participate in the development of one to four townhouses.
This approach transforms buyers into business people who are also founders of the DUT community. The approach enables DUT townhouse developers to build equity, create jobs, and grow wealth as the town expands.
Currently, 500 developers have opened files and are developing 1,320 townhouses with 2,180 units available.
The Step-by-Step System of a DUT Townhouse Development
Step 1: Signing THIDA & Opening a Townhouse Developer File
The first step is to formally sign a DUT THIDA and put in the Capital written in the DUT THIDA. This opens the townhouse developer file for the indicated units. One can develop up to 4 units.
Step 2: Building the Townhouses, Road, and Infrastructure
The second step is assigned to the Diaspora University Trust. The Trust is responsible for the delivery of the constructed townhouses and their users. In this step, the Trust will organize the construction of the house on a 50ft x 100ft plot, roads and infrastructure, water, wastewater, and stormwater systems, environmental protection systems, and the financing of the construction work. The Trust will deliver a completed house within budget.
Step 3: Paying House Development Cost through Owning or Selling the townhouse
Upon completion of the house, the developer can sell it or continue owning it to live in or rent out. In both cases, the financing of the completed house can come from the Kenya Mortgage Refinance Company (KMRC), which is advanced through 27 financial institutions.
Step 4: Usage of the House
After completion, the townhouses will have a ready user base from persons taking up jobs at DUT, Students at Diaspora University, persons living in the region, social programs, tourism, and others. The developer shall have the following options: live in the townhouse; rent the townhouse, receive income, and make a return as the house's equity grows; or sell the townhouse and make a profit.
Step 5: Wealth Creation
The Diaspora University Town townhouse will create new wealth as the house appreciates, as the house supports a university, hospital, medicine and vaccine plant, and other industries that will emerge.
In conclusion, Dan, the project director, emphasizes that through this investment, mortgage support, and integration into a growing economic ecosystem, DUT will be empowering Diaspora Kenyans and Local Kenyans to become property owners, developers, and founders of a transformative, economically and environmentally sustainable town.
