Lagos, Nigeria is experiencing rapid urbanization and its real estate industry is expected to see significant growth in the coming years. With a population of over 20 million people, the demand for housing, office spaces, and commercial properties is constantly increasing. This is due to the daily influx of people from various parts of Nigeria and beyond, widening the housing deficit in Lagos and putting pressure on existing infrastructure.
Investing in Lagos’s real estate market presents an excellent opportunity for investors looking to diversify their portfolios and generate significant returns on investment. The city’s real estate market is known for its high returns and long-term growth potential, which makes it a popular choice for both local and international investors.
One of the factors driving the growth of the Lagos real estate market is the government’s commitment to improving the city’s infrastructure. The government has invested heavily in infrastructure development, including the construction of new roads, bridges, and other transportation systems. These infrastructure improvements have made Lagos more accessible, which has increased the demand for real estate in the city.
The new hub for real estate investment is the Epe, Ibeju-Lekki, Abijo, and Sangotedo axis, popularly known as the ‘New Lagos’. This is because the proposed Lekki-Epe International Airport, 4th mainland bridge, Lekki Free Trade Zone, Dangote Refinery, and the just completed Lekki Deep Sea Port have further deepened the future of real estate in Lagos, promoting new opportunities.
Isimi Lagos is Nigeria’s pioneer Lifestyle and Wellness City developed by LandWey Investment Limited. Sitting on over 300 hectares of land, stretching from the Lekki-Epe Expressway all the way to the Lagoon, Isimi is a nature-inspired model that lays the foundation for economic development of the Lagos metropolis.
Isimi Lagos offers both work and living spaces with high-speed internet and uninterrupted power, as well as an eco-friendly transportation system with hybrid electric vehicles and bicycles. It will also have highly activated properties with renewable energy, plus an animal conservation park, golf course, recreational center, tech valley, helipad, forestry, farm shop, spa, hiking paths, gym facilities, and more.
The city has attracted interest from international hotel, school, high-profile restaurants, spa, a ShopRite outlet, and I-Fitness, adding even more value to the area.
The city is projected to be ready for full habitation and occupancy by 2030, with occupancy from Q3 2024 and is a living experience like none other. It is self-sustaining with infrastructure built around existing natural resources, and food will be 100% sourced from local farm produce in the city. The developer, LandWey, recently signed a $100 million landmark deal with Virtuitis Solaris, to develop the Isimi Lagos Solar Farm, a renewable energy project aimed at promoting sustainable development and reducing the carbon footprint in the city and Nigeria.
Isimi Lagos presents a timely invention and escape from the hustle and bustle of Lagos living. The Lifestyle and Wellness City is inspired by nature, powered by technology, and crafted for peace of mind. With its uniqueness, features, and master-plan, Isimi Lagos is projected to sell at around N1.2 million per sqm by 2030 as demand continues to go up in the city.
