Abuja is a great place for real estate developers and investors, offering vast opportunities for investment. The city has over 30 districts, but five of them stand out for offering high returns on investment. These districts are Asokoro, Maitama, Wuse, Karmo, and Idu. While the elitist districts of Asokoro, Maitama, and Wuse II are glamorous, they do not always yield high returns, but Karmo and Idu offer a lot of promise for real estate development and investment.
BUA Estate Located in Jahi District
Nasiru Ibrahim, an estate developer with a fast-growing real estate development company in Abuja, has defined return on investment as, “The net difference between the cost of your investment and the final value.” He said the most expensive locations might not have room for growth anymore, and the cheapest locations might have room for growth, but they come with a lot of risks. Thus, areas that are somehow in-between, with government infrastructure but not well populated, offer the best opportunities for investment.
Jahi: Uncovering Abuja’s Hidden Real Estate Gem
Located in phase two where BUA Estate is strategically built, is an upcoming district that provides young entrepreneurs and working class the opportunity to live luxurious lifestyles in a serene environment akin to those of Maitama and Asokoro. Though not fully developed, the new houses, mostly apartment buildings, with exquisite architectural designs adorning the paved roads, give Jahi its stamp of modernity which holds a promise of contented, urbane living.
The BUA Estate Recreactional Area
Garki: Abuja’s commercial neighbourhood
Lying South of the CBD, is Abuja’s commercial neighbourhood. It offers mid-level residential and commercial property, and its potential lies in remodelling of the old property there. Its proximity and access to the city centre, markets, and other facilities make it more attractive.
Wuse: The work, leisure district
This is an exciting proposition for business, leisure, and decent living. It is a prime location with premium office spaces, hotels, nightclubs, shopping malls, cinemas, and recreational parks. The most lucrative zones for investment are zones one and two.
Karmo: A promising property hotspo
A phase three district, holds a lot of promise for real estate development and investment. Its growth is fast-paced both in the volume of real estate activities and population. Infrastructure in Karmo is being developed to optimum standard, and it is widely regarded by experts as one of Abuja’s hotspots which will return high yield on investment.
All the five districts are planned and covered by the Abuja Geographical Information System (AGIS), and the documentation from AGIS, a Certificate of Occupancy (Cof O) and a Right of Occupancy (RofO) significantly impact on the value of property. According to the Real Estate Global Market 2022, the real estate sector in Abuja is expected to grow significantly in the coming years.
Are you interested in property investment in Abuja? Here are the top 5 destinations to consider.
Abuja is a great place for real estate developers and investors, offering vast opportunities for investment. The city has over 30 districts, but five of them stand out for offering high returns on investment. These districts are Asokoro, Maitama, Wuse, Karmo, and Idu. While the elitist districts of Asokoro, Maitama, and Wuse II are glamorous, they do not always yield high returns, but Karmo and Idu offer a lot of promise for real estate development and investment.
Nasiru Ibrahim, an estate developer with a fast-growing real estate development company in Abuja, has defined return on investment as, “The net difference between the cost of your investment and the final value.” He said the most expensive locations might not have room for growth anymore, and the cheapest locations might have room for growth, but they come with a lot of risks. Thus, areas that are somehow in-between, with government infrastructure but not well populated, offer the best opportunities for investment.
Jahi: Uncovering Abuja’s Hidden Real Estate Gem
Located in phase two where BUA Estate is strategically built, is an upcoming district that provides young entrepreneurs and working class the opportunity to live luxurious lifestyles in a serene environment akin to those of Maitama and Asokoro. Though not fully developed, the new houses, mostly apartment buildings, with exquisite architectural designs adorning the paved roads, give Jahi its stamp of modernity which holds a promise of contented, urbane living.
Garki: Abuja’s commercial neighbourhood
Lying South of the CBD, is Abuja’s commercial neighbourhood. It offers mid-level residential and commercial property, and its potential lies in remodelling of the old property there. Its proximity and access to the city centre, markets, and other facilities make it more attractive.
Wuse: The work, leisure district
This is an exciting proposition for business, leisure, and decent living. It is a prime location with premium office spaces, hotels, nightclubs, shopping malls, cinemas, and recreational parks. The most lucrative zones for investment are zones one and two.
Karmo: A promising property hotspo
A phase three district, holds a lot of promise for real estate development and investment. Its growth is fast-paced both in the volume of real estate activities and population. Infrastructure in Karmo is being developed to optimum standard, and it is widely regarded by experts as one of Abuja’s hotspots which will return high yield on investment.
All the five districts are planned and covered by the Abuja Geographical Information System (AGIS), and the documentation from AGIS, a Certificate of Occupancy (Cof O) and a Right of Occupancy (RofO) significantly impact on the value of property. According to the Real Estate Global Market 2022, the real estate sector in Abuja is expected to grow significantly in the coming years.
Source: Daily Trust