Douala is no doubt the economic hub of Cameroon and home to the largest port in Central Africa. It serves as the economic capital of the entire CEMAC region covering Gabon, Congo, Chad, Equatorial Guinea, Central African Republic and Cameroon. Its major international airport, Douala International Airport (DLA) and seaport handles almost all exports and imports and plays a key role in the economic development of Central Africa. Douala also hosts about 75% of Cameroon’s companies, generates over 60% of the total GDP and accommodates an estimated 3 million inhabitants. A number that is rapidly increasing.
Within this framework, the Cameroonian government aims at boosting the competitiveness of Douala and its metropolitan area, making the city more receptive to foreign investments and creating better infrastructural developments, through the following strategies:
Enhance and boost the attractiveness of Douala and its surrounding towns
Develop and implement strategies to improve working conditions, and facilitate the city’s emergence as a competitive sub-regional economic stronghold. Becoming a pacesetter and transforming the way business is done in Central Africa by attracting investors and promoting new businesses and service providers.
Improve and provide good governance for urban Douala
Improve and set a good standard of living for Douala, especially its low-income populations, including but not limited to providing suitable housing and ensuring greater land tenure security.
Rural-urban migration is relatively high in Cameroon with locals and foreigners, usually, from the West African region flocking to the major cities like Douala and Yaoundé in search of better economic opportunities. Unfortunately, this mass movement puts immense pressure on the housing sector. The consequences of which are the prevalence of low-quality houses, further escalated by the high cost of building materials. There are very few exceptions, which are the high-class residential areas that cost a fortune to live in.
To resolve the poor housing conditions, the government initiated the Olembe Low-Cost Housing Scheme. A project that started in 2012 with the construction of 660 housing units in Mbanga-Bakoko, Douala and another 660 apartments in Olembe, Yaoundé. By April 2017, the project was officially completed. A total of 1675 apartments were open for sales against over 2,000 submitted applications. About 800 housing units have been sold, costing between FCFA 19,587,750 to FCFA 22, 314,250 per unit.
Although this housing project spearheaded the government’s attempt in resolving the housing crises in Cameroon, there’s still a lot to be done.
One of the major setback (Top Five Construction Challenges in Cameroon and How to Overcome Them) is the inferior quality of materials used in constructing these houses. There are also concerns about the qualification for sales of these apartments and the living conditions, questioning the availability of pipe borne water, electricity and security.
It is from this viewpoint that Diamond Realty Company Ltd, an indigenous, reputable real-estate company is changing the way residential communities are built in Cameroon. We have set in motion innovative strategies to develop mixed-use (residential & Commercial) communities in Cameroon, providing structured housing options for families and individuals.
All our communities are developed with the sole focus of improving the quality of life (A Live-Work-Play Neighborhood In Cameroon: Dream Or Reality?) for residents, business owners and visitors. Our housing units range from ultra-modern single units to the multi-family housing units all strategically located in close proximity to shopping centers, schools, offices and hospitals.
The Aidenville estate is located in New Bonako, 18KM west of Douala along the N3 freeway, encompassing world-class housing standards. Aidenville provides top-notch modern buildings, designed with provision for ample green space for bicycles and walking trails, picnics and playgrounds.
For more detailed information, visit our website at www.diamondrealty.estate. Call us today at +237 697006694/682859009 or send us an email at info@diamondrealty.estate to speak to our experts in deciding which housing unit is best for you and your family.
With the growing inscurities in our communities today,finding a good house in a safe and secured neighborhood seems like the ideal thing to do for one’s family. If Diamond Realty can guarantee better and safer communities for our families,then this really is a “God send” venture. Thank you for giving our communities an opportunity to be hopeful again.