# Djibouti launches $480m Salaam City housing plan, Mustaqbal Media reports

> Mustaqbal Media reported on 2026-03-24 that Djibouti launched a $480m Salaam City housing plan covering more than 7,000 homes, and what its report leaves open.

- By: Editorial Team, Somali Construction Review (https://somaliconstructionreview.com/about)
- Published: 30 September 2026
- Format: News story (reported from one named public source)
- Publication: Somali Construction Review (https://somaliconstructionreview.com)
- Subject: Engineering and Methods
- Tags: concrete, curing
- Web version: https://somaliconstructionreview.com/blog/djibouti-salaam-city-housing-launch-reported

## Key points

- Mustaqbal Media reported on 2026-03-24 that President Ismaïl Omar Guelleh launched Salaam City, a housing development it valued at $480 million, at a ceremony in the Nagad area of Djibouti City.
- The report says the masterplan covers more than 7,000 homes on approximately 2.4 million square metres, developed by Salaam Real Estate, with phased implementation expected over five years and first residents projected by 2028.
- Mustaqbal Media's report does not establish that construction has started, that financing is secured or disbursed, or what the $480 million figure represents.

Mustaqbal Media reported on 2026-03-24 that President Ismaïl Omar Guelleh officially launched a housing development called Salaam City, which the report valued at $480 million, at a ceremony in the Nagad area of Djibouti City.

That figure is Mustaqbal Media's stated value. The report does not say whether it represents project value, investment value, total cost or a financing commitment, and no financing amount, signed agreement, lender documentation or disbursement is described for the private investment or the Islamic financing support it attributes to Salaam African Bank. Financing, the report says, will combine private investment and Islamic financing support from Salaam African Bank.

## What the report describes

Salaam City is developed by Salaam Real Estate, according to Mustaqbal Media, which describes it as a large-scale mixed-use "city within a city" spanning approximately 2.4 million square metres.

The masterplan, as reported, includes more than 7,000 modern homes, seven schools, a hospital and healthcare facilities, a central mosque, commercial and office spaces, retail centres and landscaped parks. These are masterplan components. The report does not state that any of them exist.

Mustaqbal Media reports that the project is expected to be implemented in phases over five years, with the first residents projected to move in by 2028. Those are expectations and projections, not committed completion or occupancy dates. No start-of-works date, contract award or construction schedule beyond that expected timeline is stated. At peak construction, up to 2,000 workers are expected to be engaged across engineering, construction and technical sectors, according to the report. That is a projected workforce, not a count of jobs created.

## Claims, and who makes them

President Guelleh described the initiative as a "critical step in improving living standards and advancing national development goals," Mustaqbal Media reported, quoting him.

According to project developers, as reported by Mustaqbal Media, Salaam City has been designed using sustainable urban planning principles, including energy-efficient construction methods, eco-friendly materials and green public spaces. Those are developer claims, not verified performance.

> **Note:** SCR has no independent confirmation of the launch, the $480 million value or the project details. The only source for all of them is Mustaqbal Media's 2026-03-24 report.

Unnamed officials, cited by Mustaqbal Media, say the initiative aligns with Djibouti's long-term development strategy, including its Vision 2035 plan. Unnamed authorities, also cited by the report, believe large-scale developments such as Salaam City will play a central role in supporting Djibouti's transformation and addressing growing urban needs. Neither group is identified, and no document or authority is named.

The report also says the project presents investment opportunities for local and international investors, including the Djiboutian diaspora. No committed investors are named.

## What is not established

Mustaqbal Media's report does not establish that construction has started, that any homes have been delivered, or that financing is secured, agreed or disbursed. It describes a launch and a masterplan.

Several details that would matter to contractors and materials suppliers are absent. No contractor, principal consultant or engineering firm is named; only the developer, Salaam Real Estate, is identified. No ownership or shareholder structure is given for Salaam Real Estate, nor its relationship to Salaam African Bank. No unit specification, unit price, affordability criteria or allocation mechanism is stated for the 7,000-plus homes. No primary record of the launch ceremony, such as a presidential decree, ministry statement or official gazette, is cited.

## Questions

### What is the value of Djibouti's Salaam City project?

Mustaqbal Media reported on 2026-03-24 that Salaam City is valued at $480 million. The report does not define whether that figure is project value, investment value, total cost or a financing commitment.

### How many homes will Salaam City have and who is developing it?

Mustaqbal Media reports the masterplan covers more than 7,000 modern homes on approximately 2.4 million square metres, developed by Salaam Real Estate.

### When is Salaam City expected to be completed?

Mustaqbal Media reports the project is expected to be implemented in phases over five years, with the first residents projected to move in by 2028. These are projections, not committed completion or occupancy dates.

## Sources

- [Djibouti launches $480 Million 'Salaam City' mega housing project](https://mustaqbalmedia.net/en/djibouti-launches-480-million-salaam-city-mega-housing-project/) — Mustaqbal Media, 2026-03-24