Abuja’s emerging neighbourhoods: Where to invest
By ESV. Kehinde Olubayo
Abuja, Nigeria’s capital city, is experiencing rapid growth and development, with new neighbourhoods emerging as attractive investment opportunities. As a seasoned real estate practitioner and associate member of the Nigerian Institution of Estate Surveyors and Valuers, I’ll guide you through the most promising areas to invest.
Top Emerging Neighbourhoods
1. Kubwa: Proximity to Bwari town, affordable housing options, and growing commercial activities.
2. Dutse Alhaji: Strategic location, infrastructure development, and increasing demand for residential units.
3.Gwarinpa: Upscale residential area, proximity to recreational centres, and growing business hub.
4. Lokogoma: Affordable housing, proximity to Abuja’s city centre, and emerging commercial activities.
5. Jikwoyi: Growing residential area, proximity to Karu town, and increasing infrastructure development.
Key Investment Considerations
1. Infrastructure: Accessibility, roads, water, electricity, and security.
2. Proximity: Distance to city centre, airports, and major highways.
3. Demand: Growing population, commercial activities, and housing needs.
4. Regulatory Environment: Zoning laws, building regulations, and government initiatives.
Growth Prospects
Abuja’s emerging neighbourhoods offer
1.High rental yields; Increasing demand for residential and commercial spaces.
2.Capital appreciation: Growing property values due to infrastructure development.
3. *Business opportunities*: Emerging commercial activities and entrepreneurial ventures.
Expert Insights
Abuja’s emerging neighbourhoods present a unique opportunity for savvy investors,” says ESV Kehinde Olubayo. “Conduct thorough research, consult with experts, and consider long-term growth prospects.”
Recommendations:
1. Conduct feasibility studies and market research.
2. Consult with real estate experts and legal professionals.
3. Consider joint ventures or partnerships.
About the Author:
ESV Kehinde Olubayo, ANIVS, RSV, is the Lead Consultant at Olubayo Kehinde & Partners, a firm of estate surveying and valuation, and an associate member of the Nigerian Institution of Estate Surveyors and Valuers.
