Ibeju Lekki is a bustling area in Lagos, Nigeria, brimming with opportunities for investors. It is the new hotspot for all forms of investment opportunities in Lagos State.
Discovering the Ibeju Lekki master plan made investors realize that investing there is like hitting the jackpot.
The plan is to turn that city into a great commercial hub that will surpass Lekki Phase 1 and 2 combined.
The Deep Seaport, Free Trade Zones, Proposed Lekki International Airport, 6 lanes road-expansion project from Ibeju Lekki to Epe, Greenline Rail, several beach resorts, Talent City Lagos, Lekki Coastal Road, and many other projects will transform Ibeju Lekki into one of the biggest commercial hubs in Africa.
Numerous business and governmental organizations are already attracted to the coastal city to pre-position themselves for the boom, high yield, and potential ROI.
You might just be the only one left out.
Let’s dive into why investing in Ibeju Lekki is such a fantastic idea.
Ibeju Lekki is a Strategic Location
Ibeju Lekki is strategically located in Lagos, Nigeria, making it a prime spot for investment. With its proximity to major attractions like the La Campagne Tropicana Beach Resort and the Free Trade Zones, your investment here is sure to thrive.
Most projects here have yielded a minimum of 200% Return on Investment within 2 – 4 years. Amen Estate Phase 2 and Phase 3 are proofs of this claim.
This (Economic Free Zone) coastal city provides easy (local and international) access to target markets, customers, suppliers, and distribution channels through the Deep Seaport, which can help reduce transportation costs and lead times.
It offers tax incentives, no customs and excise duties, no Foreign Exchange (Dollar) controls or restrictions, and other economic development programs to attract businesses, making it financially advantageous for investment.
These business-friendly policies lured a lot of investment-boosting attractions to the coastal city, some of which are tabulated below:
There are Lots of Job Opportunities in Ibeju Lekki
Being a business strategic location, Ibeju Lekki attracts diverse and skilled talent pool due to factors such as cultural attractions, and job opportunities, enabling businesses to recruit and retain top talent.
This pool of diverse and skilled talent will need a roof over their heads. Thus, having rental properties here is a goldmine.
With big companies like Dangote Refinery and Power Oil Production Plant setting up shop here, there are plenty of job opportunities for everyone.
And the teaming population of gainfully employed individuals that reside here is a guarantee for sure and consistent property value appreciation, and rental income growth.
Information about such high yield/Return on Investment is good news for those who invest in this coastal city.
Infrastructure Development
As earlier mentioned, the Ibeju Lekki master plan includes extensive infrastructure development projects such as the Lekki Deep Seaport, Lekki Free Trade Zones, Proposed Lekki International Airport, 6 lane road-expansion project from Ibeju Lekki to Epe, Greenline Rail, and hospitals.
These developments ensure that your investment will continue to appreciate over time.
This is because investors are more likely to commit funds to regions with reliable infrastructure, as it reduces operational risks and facilitates business activities.
A well-developed infrastructure, like the proposed Ibeju Lekki transportation networks, communication systems, and utilities, will attract foreign investors looking for stable environments to invest in.
Upgraded infrastructure reduces business operative costs and increases profit margin, leading to expansion and higher investment levels.
This expansion potential can incentivize companies to invest in production facilities or distribution networks to capitalize on emerging opportunities.
Cities like Ibeju Lekki with proposed modern infrastructure tend to attract a concentration of businesses, talent, and capital, creating vibrant economic hubs.
This concentration of economic activity can stimulate further investment as businesses seek to establish a presence in these dynamic urban centers.
Booming Real Estate Market
Ibeju Lekki is home to numerous estates like Amen Estate Phase 2 and Fairmont Green and Smart Estate.
Investing in land for sale in Ibeju Lekki or purchasing property here guarantees high returns on investment due to the increasing demand for housing in the area.
Higher demand often results in scarcity, higher prices, and profit.
All factors of production and human endeavours are carried out on land (real estate). Hence, a vibrant economic hub that concentrates business activities in a city, like Ibeju Lekki will make properties a highly profitable investment vehicle there.
Ibeju Lekki is Experiencing Industrial Growth
As industries grow, there’s often a higher demand for industrial properties such as warehouses, manufacturing facilities, distribution centers, and industrial parks.
Industrial properties often offer long-term lease agreements, providing real estate investors with stable and predictable income streams.
Tenants in the industrial sector typically sign leases for several years, providing investors with consistent rental income.
Real estate investors who own industrial properties can see their assets appreciate in value, potentially resulting in capital gains if they choose to sell the property in the future.
Ibeju Lekki is a Tourist and Recreation Hub
Ibeju Lekki boasts stunning resorts like the Omu Resort and Beach Resorts, making it a hotspot for tourists and leisure seekers.
Investing in resorts or rental properties here ensures a steady stream of income from tourism.
Areas with popular tourist attractions or recreational activities often experience increased demand for accommodation, including hotels, vacation rentals, and residential properties.
This heightened demand can drive property prices up and lead to higher rental yields, benefiting property investors.
Affordable Investment Opportunities
Despite its rapid development, Ibeju Lekki still offers affordable land and property options compared to Lekki Phase 1 and Ikoyi.
While investors can still get a plot of land at Ibeju Lekki for 10 – 35 million naira, most plots of land at Lekki Phase 1 are within 100 million naira and above.
With the Ibeju Lekki master plan and multi-billion projects already on the ground, properties at such rates are highly underpriced.
Buying a property below its market value gives you immediate equity. This can be particularly advantageous if the property’s value appreciates over time, allowing you to sell it at a profit or use the increased equity for other investments.
When you buy such properties, your potential ROI is higher since your initial investment is lower. This can result in better cash flow and overall returns compared to purchasing properties at their market value.
Investing now allows you to capitalize on the area’s growth potential without breaking the bank.
Community Development
The collective investments in Ibeju Lekki, not only benefit investors financially but, also contribute to the overall development of the community. Their investment helps enhance the quality of life for residents.
These improvements can make a neighborhood more desirable to live in, thereby attracting more residents and boosting demand for real estate.
It can lead to safer neighborhoods, higher levels of civic engagement, and stronger social networks.
Real estate investors may benefit from investing in such communities, as they tend to be more stable and resilient to economic downturns.
Investments in energy-efficient buildings and green spaces can improve the environmental quality of an area while also attracting environmentally-conscious residents and businesses.
Real estate investors who incorporate sustainability into their projects may appeal to a growing market segment and potentially command premium rents or prices.
Conclusion
In conclusion, investing in Ibeju Lekki presents a multitude of opportunities for savvy investors like yourself. With its strategic location, booming real estate market, and promising future developments, Ibeju Lekki is undoubtedly the place to be for smart investors looking to grow their wealth. Don’t miss out on the chance to be part of this thriving community!
So, what are you waiting for? Start exploring investment options in Ibeju Lekki today and secure your financial future now!
Donald Karo
