Bedsitters will rent for Sh3,200 per month on a 30-year rent-to-own plan.
The 240-acre Kofi Ridge estate in Ruiru, Kiambu, will be completed in 25 years.
The office complex in Upper Hill will be known as Tanzania Towers.
The funds will build a new office tower and furnish an existing one.
The project will be funded through Korea Exim Bank.
Jeddah Tower will be taller than Dubai’s Burj Khalifa by 180 metres.
The luxury 517-metre skyscraper is scheduled to open in 2028.
The houses will be located within the Tilisi mix-use development site.
The megacity is now expected to span just 2.4 kilometres by 2030.
The 125-meter-high tower is one of the tallest buildings in Kenya.