Real estate sector

Real estate is property made up of land and the buildings on it, as well as the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water, and any additional mineral deposits.

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Uganda’s real estate sector is comprised of the following;

  1. Land dealers

A land dealer is a person who acquires land for resale and sells it as is.

  1. A land developer

 This is a person who acquires land for resale and adds value to it by partitioning e.g. 50X100, avails utilities near it, puts a structure and other developments which increases its value may partition it or add utilities, structures, and other developments so that they increase its value.

  1. Property developer

This is a person who buys, builds or renovates existing properties and sales them.

  1. Real estate agents

This is a person who represent buyers or sellers in the sales and purchase of buildings, land and are licensed by the ministry of lands, housing and urban development.

Real estate agents also connect landlords to prospective tenants and vice versa.

  1. Landlord

This is any person who rents out immovable property (land and or buildings) to another person (the Tenant) for a payment. A landlord may take the form of: an individual, a company, a trust, government or an institution

 

For more information, visit the nearest URA office for assistance or call the toll-free lines 0800117000/0800217000 or WhatsApp: 077214000

Click to download the Real Estate Sector Guide
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