Property for sale in Senegal

Is the capital city of Senegal, located on the Cape Verde Peninsula, on the country's Atlantic coast. It is Senegal's largest city. Its position, on the western edge of Africa (it is the westernmost African city). Get more information on property for sale in Dakar.

Is a country south of the Sénégal River in western Africa. Senegal is bounded by the Atlantic Ocean to the west, Mauritania to the north, Mali to the east, and Guinea and Guinea-Bissau to the south.

3/ Property for sale in Senegal

Gulf developers have been discussing property developments in Senegal. The exact plans for the new development remain undetermined as yet but a number of companies from Dubai have lined up to develop property for sale in the new free zone, close to the country’s new airport and about 40 km from Dakar, the present Senegalese capital.

The Senegalese legal system based on the French model enforces private property rights. Senegal is a member of the African Organization of Intellectual Property (OAPI), a grouping of thirteen Francophone African countries, which has established among its member states a common system for obtaining and maintaining protection for patents, trademarks and industrial designs. Senegal has been a member of the World Intellectual Property Organization since its inception and is a member of the Bern Copyright Convention. Local statutes recognize reciprocal protection for authors or artists who are nationals of countries adhering to the 1991 Paris Convention on Intellectual Property Rights.

Foreigners can own property for sale in Senegal. A note of caution: getting money out of Senegal can be difficult. Officially the Investment Code stipulates free transfer of capital. But in reality transfers to countries other than members of the West African Economic and Monetary Union are still subject to numerous requirements, controls, and authorizations. Also, opening a foreign exchange account requires approval of both the Central Bank and government.