Investing in Ibeju-Lekki real estate doesn’t just promise to be the new Lagos, it also promises fantastic returns of over 600% for early investors in the nearest future. If you are planning to invest in real estate in Lagos, You might be wondering if Ibeju Lekki is a good location for you and if you are too late to join the top investors rapidly investing in the Ibeju-Lekki environs recently.
In recent years, Ibeju-Lekki has become one of the most wanted locations for investment targeted by investors, real estate developers, and other industry-related experts. Every investor knows that in this business of real estate, Location and possible appreciation of investment over time is the ultimate goal.
Ibeju-Lekki Overview and Brief History
Ibeju-Lekki is a local government area of Lekki, Lagos State, Nigeria. The administrative center was formerly at Akodo and was later moved to Igando Oloja due to the creation of the Lekki Council Development Area. The name of the Local government was derived from two autonomous communities, Ibeju and Lekki.
Ibeju Lekki is one of the 37 Local Government Areas of Lagos state and almost covers 20km wide and 75km long. It has about 455 km2 of total land area and is geographically coordinated at 6029′ 0” North and 30 54′ 0” East.
The demographics of the area include people from different parts of the country living, working, and doing business in the area
Ibeju Lekki has attracted and is still attracting massive industrial projects like the massive Dangote refinery and fertilizer plant at the Lekki Free Zone area, the fourth mainland bridge, a petrochemical and power plant, a deep-sea port, an amazing and blossoming tourism sector, the New International Airport, and the future Pan-African University. All these and more make this area the new commercial hub of Lagos you will not like to miss.
Below are my 3 major reasons why investing in Ibeju-Lekki is not too late and what you still stand to gain if you take immediate action after conducting your research.
Massive Industrialization Expectancy
Expect huge industrialization in the upcoming new Lagos as different projects developments are currently ongoing in Ibeju-Lekki by both Private groups and the government. In the real estate business, Location has a great influence on investments
Some of the major development includes:
Dangote Refinery and Petrochemical Industry
Lekki Deep Seaport
Lekki International Golf Course
Lekki Tourist Centre
Pan African University
4th Mainland Bridge
Lekki Free Trade Zone (FTZ)
Whether you are buying land or completed property, you have the opportunity to still make good returns as this massive industrialization is most likely to provide new Jobs.
Massive Investment Opportunities
Even if you don’t intend to move to the Ibeju-Lekki environs, The location is perfect for investing as it gives you the opportunity to make over 300% return 3-5 years into the future. This is why Dozek group offers some of the best ways to invest in Ibeju-Lekki peacefully.
Do you know that Investing in Ibeju Lekki is more profitable than investing in Lekki Phase 1? This is because, in the last 5 – 8 years, land prices in Ibeju Lekki have increased by 500% while Lekki Phase 1 has seen an increase in price by less than 50% in the same period.
It is believed that the Lekki Free Trade Zone has received over $300 million in local and Foreign Direct Investment that will triple in the next 5 years, Lekki Free Trade Zone is the fastest-growing free zone in the world, It is also the first private free trade zone in Nigeria and the biggest in the whole of West Africa.
Ibeju-Lekki is also believed to be one of the locations for the Lagos Smart City deal with Dubai. With the actualization of this blueprint, this region would become a central hub for business, manufacturing, warehousing, and logistics and will create many job opportunities.
Less Crowded and Low Crime Rate
Ibeju-Lekki is spread across 455km2 (176 sq mi) and has an estimated population (2006) of 117,481. This only means that you will not be dealing with the same congestion experienced in other parts of Lagos. The possibility of robbery and other crimes is relatively low, so If you intend on raising a family in a serene tranquillity, then this is the pristine region for you.
Therefore Ibeju-Lekki has lower crime rates compared to other areas of Lagos. If you are yet to find the best means of starting your real estate investing journey, Dozek group guarantees you the best means of investing in real estate for good future returns