BUSINESS

Mi Vida Homes Breaks Ground on 480-Unit Phase II of KEZA Riruta

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Mi Vida Homes is positioning KEZA Riruta as a long-term investment option for both individual and institutional buyers.
Mi Vida Homes is positioning KEZA Riruta as a long-term investment option for both individual and institutional buyers.
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Mi Vida Homes has moved to expand its KEZA Riruta project after recording strong performance in the first phase, and has launched and broken ground on Phase II in Nairobi.

The developer said Phase I, which comprised 154 units, was fully sold and handed over to investors in November 2025. The company noted that the project has since achieved high occupancy levels, with investors earning returns of up to 30 per cent on the back of strong rental demand.

Phase II will introduce 480 additional residential units, significantly increasing the scale of the KEZA masterplan and deepening Mi Vida’s presence in Nairobi’s mid-market housing segment.

KEZA Riruta is located off Waiyaki Way, offering easy access to Westlands and other major commercial centres. The location has proven attractive to working professionals seeking proximity to employment hubs, a factor that has supported steady rental uptake.

Speaking during the groundbreaking event, Mi Vida Homes Chief Executive Officer Samuel Kariuki said the company’s expansion is grounded in performance.

“Phase I demonstrated that when you combine the right location with disciplined delivery, the market responds. The returns investors are seeing are backed by real demand,” Kariuki said.

He added that the residential market is becoming more cautious, with buyers and investors paying close attention to delivery timelines and actual performance.

“We delivered 154 units on schedule and handed them over as promised. The strong rental absorption we are seeing confirms that the product meets market needs. Phase II is simply building on a tested foundation,” he said.

Mi Vida Homes is positioning KEZA Riruta as a long-term investment option for both individual and institutional buyers.
Mi Vida Homes is positioning KEZA Riruta as a long-term investment option for both individual and institutional buyers.

Mi Vida said it is scaling the project within a structured framework, with institutional participation playing a growing role in financing and oversight. According to the company, this approach supports financial stability and ensures each phase is sustainable before expansion.

Mi Vida Garden City units

In 2025, Mi Vida delivered 494 residential units across its developments. Apart from KEZA, the company completed 340 units at Garden City, strengthening its track record as a delivery-focused developer.

The expansion of KEZA comes at a time when Nairobi’s rental market continues to be supported by a growing professional workforce and increased demand for homes near key business districts. Developments along major transport corridors such as Waiyaki Way have remained attractive due to their connectivity.

With Phase II now underway, Mi Vida Homes is positioning KEZA Riruta as a long-term investment option for both individual and institutional buyers. The company says it will continue to focus on disciplined growth, delivery credibility, and aligning new supply with actual market demand.

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