Abuja is rapidly expanding and many people have their eyes on prime locations in the central area of the state. Although these prime locations are well established, the properties in these areas usually come with a hefty price. The next big opportunity for real estate investment falls on the outskirts of Abuja.
There are a lot of hidden gems on the outskirts of Abuja when it comes to real estate investment. With affordable lands, new infrastructures and increasing demand, these areas are becoming hot spots for real estate investment.
If you’ve been wondering where to invest at an affordable price with high potential, look no further.
Let’s delve into 5 emerging locations for real estate investment in the outskirts of Abuja.
1. Lugbe
Lugbe is situated on the outskirts of Abuja, along the Abuja Airport Road. It is considered one of the fastest-growing residential districts in Abuja. Lugbe offers various affordable housing options for low- to middle-income earners.
One of the major appeals to Lugbe is its proximity to the Nnamdi Azikiwe International Airport. The residents in this location have easy access to the airport, which is beneficial to those who travel frequently.
Lugbe is also close to the central area of Abuja, with only about 20-30 minutes. Giving the residents who have businesses in town an easy commute, while saving them the exorbitant cost of living in the central district.
Housing in Lugbe is affordable. You can get a reasonably priced plot of land for about N1.5 million. This is dependent on the size and features of the land.
Lugbe is still undergoing development, and there is a lot of infrastructural work to be done e.g. unstable electricity and water supply. Despite these challenges, you’ll find a lot of commercial activities in the area. There are schools, shopping complexes, hospitals and relaxation spots
As Abuja expands, there will be more demand for housing. Investing in Lugbe gives you an affordable option to get a high return on investment when the area becomes fully developed.
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2. Dutse
Dutse is located on the outskirts of Abuja. It is an affordable area situated along the Bwari Area Council. Dutse has a range of property options with budget-friendly prices.
Dutse is a developing area in the suburbs of Abuja. The area is experiencing rapid growth due to more people investing in the area, and the growing demand for housing.
The price of properties in Lugbe is one of the most affordable. This makes it a very attractive option for first-time buyers, and those on a tight budget.
Dutse has a range of amenities like shopping centers, educational institutions, healthcare facilities, and fun spots for relaxation.
The area also poses some challenges like inadequate infrastructures and security concerns. However, with the ongoing development in the area, some of these challenges and risks will be a thing of the past.
The investment opportunities in Dutse are vast. You can buy a property for future development(Land Banking). You can also choose to invest for residential or commercial purposes. The property value in Dutse is likely to increase with the population growth in Abuja.
3. Bwari
Bwari is another developing area on the outskirts of Abuja attracting steady real estate investment. This location is famous for housing several educational institutions, e.g. Veritas University, and Baze University.
This location is ripe for investors who desire to cater to students and young professionals by giving them affordable housing. Bwari is home to the Nigerian Law School and also Bwari Federal University of Technology, as well as other tertiary institutions. It is an ideal location for rental properties that can serve students, lecturers and non-academic staff.
The development in this area is rapid. There are new residential estates and a growing number of commercial projects underway. The prices of properties in this area are higher when you compare it to Dutse and Lugbe due to its proximity to Abuja’s city center.
Bwari, though experiencing significant development, faces issues like poor road network, electricity supply and water scarcity. These challenges are not unusual for developing areas. As more infrastructural growth occurs, these challenges can be overcome.
With the influx of students and more people moving to the area, Bwari is set to be a hotbed for real estate investment in Abuja. Real estate investors in location expect that the property will increase in value as the population expands. Investing in this location is likely to yield a good return on investments in the near future.
4. Kpeyegyi
Kpeyegyi is located in the Abuja Municipal Area Council (AMAC). It is a developing area that offers affordable housing.
Kpeyegyi is 20-30 minutes away from the central business district in Abuja, and 15-25 minutes to the Nnamdi Azikiwe International Airport.
There is a wide range of housing options in Kpeyegyi. The prices of property in this area are affordable, with an average price for a plot of land going for N1 million.
As Abuja expands, more people are beginning to settle in this area, bringing about gradual development in amenities and infrastructure.
There are environmental concerns like flooding during the rainy season, and Kpeyegyi has limited public transportation options. Electricity and water supply is also not stable.
The infrastructural development, though slow, is promising, and despite these challenges, Kpeyegyi has potential for growth.
With the population increase and the growing demand for housing, Kpeyegyi is a good choice for investors who are not in a hurry to see exponential growth.
5. Kuje
Kuje is situated on the outskirts of Abuja and is fast becoming a real estate gem for investors.
Properties in this area are relatively cheaper than those in central Abuja. Investors can take advantage of the affordable price to buy large plots of land for future or immediate development.
Kuje has access to major highways like the Kuje Airport Road, there is also ongoing development of the Kuje Town Stadium.
The potential for growth and expansion in this location is something we are already aware of. The reason is because of the establishment of schools, housing estates and commercial projects like the expansion of Kuje General Hospital, and the Kuje Industrial layout.
Kuje is not without its challenges, as it has some infrastructural constraints. Electricity and water are not stable, public transportation is also not common. The ongoing government initiatives in Kuje are already helping to address these constraints.
The benefits of investing in Kuje are immense. With an affordable entry point, you are ready to enjoy significant appreciation for your investment. The returns may not be immediate, but investors with a long-term perspective will reap the rewards when property value increases.
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Conclusion
As Abuja expands, there is a gradual development in the outskirts due to population increase. These locations are fast becoming an investor’s spot as more people relocate to these areas to get affordable housing.
Investing in areas like Bwari, Dutse and Kuje early can give you an advantage when the property appreciates.
The outskirts of Abuja offer investors with long-term growth an opportunity to tap into these emerging markets by buying lands at a lower cost and selling them at a higher price. Taking advantage of the low barrier to entry will help you secure an asset that appreciates with time.
To add to this list is Karshi, a fast-developing location under Nasarawa State. The land title of one of our properties in Karshi, directly opposite Ruby Resorts is Certificate of Occupancy (C of O). You can get it today at a good discount if you call us today before we review the price.
To invest in our Abuja real estate offer, Kyami Pavilion Estate or Westland Residence in Asaba, please, call +2348132794689 or send a WhatsApp message to +2348132794689.
