Real estate plays a crucial role in sustainable urban development in Africa by providing the infrastructure and spaces needed for a growing population and economy. One key aspect is the development of mixed-use properties that combine residential, commercial, and recreational spaces, reducing the need for long commutes and lowering carbon emissions. For example, the Vision City project in Kigali, Rwanda, incorporates green spaces, affordable housing, and commercial areas, promoting a more sustainable and inclusive urban environment.

Additionally, real estate developers are increasingly incorporating sustainable design and construction practices, such as using eco-friendly materials, energy-efficient systems, and renewable energy sources. These initiatives not only reduce the environmental impact of urban development but also contribute to long-term cost savings for both developers and residents.

Furthermore, real estate investment can drive economic growth and social development in African cities. For instance, the development of modern office spaces and industrial parks attracts businesses and creates job opportunities, contributing to the overall prosperity of urban areas.

References:

1. "Vision City: A Model for Sustainable Urban Development in Africa," World Bank Group, https://www.worldbank.org/en/news/feature/2018/05/09/vision-city-a-model-for-sustainable-urban-development-in-africa
2. "The Role of Real Estate in Sustainable Urban Development," UN-Habitat, https://unhabitat.org/the-role-of-real-estate-in-sustainable-urban-development