Real Estate Investments Options for Abuja in 2022

Abuja, the heartbeat of Nigeria’s Federal Capital Territory (FCT) is unarguably an evolving beautiful city to live and be at rest! Designed by renowned Japanese Architect – Kenzo Tange, this modern city was planned and built in the 1980’s and has become Nigeria’s fastest growing city ever since. On the 12^th of December 1991, Abuja officially replaced Lagos as the seat of the Nigerian Federal Government. Given the abundance of undeveloped and relatively cheap real estate in Abuja, a lot of places in the city are beginning to attract the attention of real estate companies and developers alike. Modern, affordable and sustainable housing remain in high demand thus making  real estate investment a low hanging opportunity for discerning investors, be it residential or commercial, shops or flats, schools or shopping centres. Abuja is now a great and safe location to deploy some profitable real estate investment.

In this piece we highlight some of the fast-rising places in Abuja you can consider to invest in:

• Mabushi Area – This area is strategically located at the crossroads between the inner and outer Abuja districts. Amongst other features, some of the key features of estates in this axis are good road access, independent power supply, independent waterworks, gyms and sport centers etc. Mabuchi is located very close (8.2km,13mins walk) to the National Stadium which boasts of ample training facilities for Sportsmen and women.
• Jahi District –  Jahi is a cool and upcoming place to live in Abuja. Located northwest of Abuja Central Area. It has many new developing bungalows, duplexes, detached houses, semi-detached homes, townhouses, penthouse apartments, flats, terraced houses and luxury real estates. Because this axis has not been fully developed, it is experiencing rapid construction boom and promises interesting returns.
• Lugbe – Lugbe enjoys proximity to the Abuja International Airport, Abuja Central  District, Wuye to the northeast, Galadimawa, Lokogoma, to its east and Kuje to the west. Its proximity to major city areas has attracted considerable investment into the area. While there is ongoing development in this upcoming area, abundant opportunities still exist for real estate development.
• Wuye District – Wuye is a serene environment close to the city center. It takes only about 10-15 mins drive from this area to the central areas like Wuse. There is significant ongoing property development in the neighborhood with many estates springing up. Infrastructure in this district is top-notch and still being upscaled, The imposing Family Worship Centre in Wuye District remains an Iconic place of interest, while the popular ‘Iya Amala’ food joint will always appeal to food lovers and adventure seekers.
• Lifecamp – This district is quite well-developed with beautiful landscapes. It is a serene neighborhood for the middle to the upper class. Many Property Developers now have offerings in Lifecamp because of its alluring scenery and proximity to the city center.

Here are 5 things you can do to successfully invest in Abuja’s real estate:

1. Do your research: the first critical step to take if you want to succeed in the real estate investment market is to find relevant information about real estate in Nigeria and Abuja. Nowadays, any simple desktop search will reveal a lot of useful information about these subject areas but do remember that this is not the time to commit to anything or anyone as there are just too many scammers operating online!
2. Decide on a specific real estate property market you want: as you are probably aware that there are many sectors in the real estate industry, you can choose one of them based on what you want to achieve. There are residential properties or units, industrial properties, commercial and office properties.
3. Find a dedicated real estate Advisor: To help you navigate the layers documentation and verification need to authenticate titles in the Federal Capital Development Authority and the Abuja Geographic Information Systems. This is a basic prerequisite to avoid future issues.
4. Know the laws of housing: if you want to own or invest in land or a landed property in the FCT it will do you a world of good to get familiar with the land laws of Nigeria in general and the FCT.