top of page
WhatsApp Image 2025-05-05 at 15.48.57.jpeg
Frequently Asked Questions
  • 1. About LV Marina
    LV Marina is a privately governed mixed- use, mixed income masterplanned community spearheaded by GulfCap Real Estate. LV Marina is set to transform the landscape of Kisumu and the wider East African region. The 285-acre development will include luxury waterfront villas, bespoke apartments, affordable homes , state-of-the-start social infrastructure including schools and hospitals - a light industrial centre, a commercial & retail hub featuring malls, hotels, theme parks and a well outfitted convention centre. Location LV Marina is strategically located five minutes from Kisumu International Airport along the Kisumu - Busia Road and 10 minutes from KIsumu CBD. Project Value The project is valued at KES 120 Bn. Who is LV Marina designed for? LV Marina - East Africa’s first master planned community designed for homeowners and investors who want more than property, they want legacy.
  • 2. Has construction of LV Marina begun?
    Infrastructure construction is currently in its early stages, with Phase 1 projected to be completed within approximately three years. We will continue to provide regular updates as the development advances.
  • 3 a. What does Phase 1 entail?
    This initial phase will feature a residential master planned waterfront overlooking Lake Victoria. This will include luxury waterfront villas, Townhouses, Masionettes and urban apartments, as well as a modern school, retail centers, hotel, and recreational spaces. Blending lifestyle, convenience and long-term value in a secure, sustainable ecosystem, more than a destination, it’s a legacy in the making.
  • 3 b. What should I expect to see in the next 6 to 18 months?
    Revamped infrastructure construction including advanced roads, landscaping, urban parks neighbourhood enhancements, and street lighting significantly establishing the urban realm. Advanced progress in residential projects construction marked by the rollout of urban apartments, villas and Town houses setting the stage for vibrant, livable communities.
  • 4. Is there an Affordable Housing Programme envisioned for the development?
    Yes, an Affordable Housing Program (AHP) dubbed LV Point is envisioned as part of the master plan. LV Point has been annexed for the state in line with the government’s housing program, to ensure inclusive access and community integration.
  • 5. Why LV Marina, Why Now?
    LV Marina is East Africa’s one of a kind waterfront master planned community designed for homeowners and investors who want more than property, they want legacy. With private governance, institutional grade transparency, and public infrastructure alignment, this is a secure entry into Kenya’s emerging blue economy corridor. It’s a rare opportunity designed for discerning and elite clientele, including local and diaspora investors to own a stake in Kenya’s next iconic destination. From private residences and signature retail to high end hospitality, marina access, and world class amenities, every precinct is designed to offer prestige, and long-term value within a secure, sustainable ecosystem. LV Marina will be a premier MICE and leisure destination, placing North and South Rift regions on the map for conferences, exhibitions, and cultural events, aligning with the county’s vision for inclusive economic transformation. LV Marina will be a major engine for job creation in Kisumu and the broader Lake Region Economic Bloc, generating thousands of direct and indirect employment opportunities across construction, hospitality, logistics, tourism, retail, and creative sectors, while empowering local talent and SMEs in a fast-growing regional economy.
  • 6. How can I secure a unit on the development?
    To reserve a unit, simply fill out the expression of interest form on the LV Marina page. One of our Property Advisors will reach out to guide you through the next steps.
  • 7. Is there a payment plan available?
    Yes, we offer flexible payment plans. You can pay 20% as a deposit and the remaining balance in installments. Please contact our Property Advisors for more details on payment options.
  • 8. Will the price change before completion?
    The price is subject to change based on market conditions, but we will honor the price at the time of your reservation. We recommend securing your unit early to lock in current prices.
  • 9. Can I customize my unit?
    Some customisation options may be available depending on the stage of construction. They include finishes and layouts. For more details, please contact our Property Advisory team.
  • 10. What happens if there are delays in the completion?
    While we strive to meet the estimated completion date, any unforeseen delays may affect the project timelines. We will provide you with updates and work hard to minimize any delays.
  • 11. Are there any additional costs I should be aware of?
    In addition to the purchase price, buyers should anticipate costs such as stamp duty, legal fees, service charges once the selected residential section is completed. We will provide a breakdown of all potential costs upfront.
  • 12. Who is the developer?
    GulfCap Real Estate, Kenya’s largest and award-winning developer, is renowned for lifestyle- focused and environmentally sustainable projects. Its portfolio includes transformative developments such as 289 InCity Suites, Buxton Point, and Starehe Point, setting benchmarks in luxury living, mixed-use spaces, and eco-friendly urban design. GulfCap remains a key player in Kenya’s real estate landscape, driving economic growth and empowering communities. GulfCap has won numerous awards, including environmental and architectural awards, and was recognized as The Most Promising Affordable Housing Developer in Africa by African Union for Housing Finance. You can view past developments and testimonials from previous buyers on our website and social media.
  • 13. Can I sell or rent out the property before completion?
    Selling or renting out the property may be possible once certain milestones are reached. Our Property Advisors can provide more details.
  • 14. How will I be updated on the construction progress?
    We will provide regular updates via our website and monthly newsletters on construction milestones, expected timelines, and any important information.
  • 15. Will there be a property management service after completion?
    Yes, we will offer property management services for those who prefer a hands-off approach. Our team will handle property management services, e.g., maintenance, rent collection, 24 hour security services etc.
  • 16. What is the expected return on investment (ROI)?
    The expected ROI will depend on market conditions and product type. We can provide you with a detailed investment report and projections based on current trends.
  • 17. Can I visit the site?
    Site visits are available by appointment. Please contact our Property Advisors to arrange a viewing of the construction site and surrounding area.
  • 18. Are there any restrictions on who can purchase a unit?
    There are no restrictions on who can purchase; however, we will require proof of financial capacity to ensure that buyers can complete the purchase and adhere to payment schedules.
  • 19. Who can I contact if I have more questions or need assistance?
    For further inquiries or assistance, please contact our sales or customer service team at +254 745 474747 lifestyle@gulfcapre.com
bottom of page