Are you looking for the fastest developing areas in Asaba to purchase real estate?
Infrastructural and economic developments attract people and businesses to an area. In turn, these people need real estate properties like residential houses, office spaces, shops, warehouses, etc., to ease their stay in the area.
The massive infrastructural and economic growth in Asaba, the capital city of Delta State, is a magnet for smart investors. They understand the potential benefits of tapping into the fast-developing market, especially in real estate.
This article discusses the fastest developing areas in Asaba for real estate investment and points out why they’re worth considering.
Is Asaba a Good Place for Real Estate Investment?
Asaba is one of the fastest developing cities in Nigeria. The rapid economic, infrastructural, and population growth in Asaba is massive. This goes to show how viable it is for real estate investments.
Its proximity to the Onitsha main market, one of the largest markets in West Africa, makes it a preferred location for people who need close access to the international market without living right beside it.
As one of the best tourist locations in Nigeria, Asaba attracts tourists from within and outside the country. Being a tourist destination, the city creates a demand for residential and commercial real estate.
While it may not offer the same returns as places like Lagos and Abuja, Asaba has the potential to match those areas in the coming years.
Therefore, to answer the question, Asaba is an excellent place for real estate investment in 2024.
Also Read: The Impact of Nollywood on the Real Estate Industry in Asaba
Top 5 Developing Areas in Asaba for Real Estate Investment
Here are the fastest-developing areas in Asaba you should consider for your real estate investments:
1. Okpanam Road
The road that leads to Okpanam town is one of the fastest-developing areas in Asaba, Delta State. It’s a promising environment for real estate investment, as many people are moving there because of the level of infrastructural development in the area.
Notable establishments like the Delta State Assembly, Federal High Court, Shoprite Asaba Mall, and the Delta State Urban Water Corporation are found in the area, making it even more appealing to residential and commercial dwellers.
The position of Okpanam Road is another fascinating thing about the area, as every other part of Asaba is easily accessible from there.
2. GRA Asaba
The Government Reserved Area (GRA) Asaba is one of the most sought-after locations in Delta State. It’s in the central area of the state capital and provides easy access to other areas in the city.
GRA Asaba houses the crème de la crème of Delta State. It’s where most top government officials and high-net-worth individuals in Asaba reside. This means the place is already fully developed, and you’d find it difficult to get land at affordable rates here.
However, with the social amenities people in GRA Asaba enjoy, such as good roads, constant power supply, reliable security network, and other essential services, you can find other profitable real estate opportunities in the area. For example, you can buy a house and renovate it or turn it into another use, and in no distant time, you’ll see the influx of returns the investment yields.
Also Read: Why You Should Invest in Asaba
3. Nnebisi Road
Many love staying close to major hospitals or health facilities for easy access to quality healthcare. This makes Nnebisi Road in Asaba a promising area for real estate investment, as it is home to the Federal Medical Centre, Asaba, and other high-quality medical facilities.
Some of the best and biggest hotels, banks, and the talk of the town – the Dennis Osadebay Sports Complex – are located around Nnebisi Road.
Nnebisi Road is still developing rapidly as many individuals and businesses are moving to the area for better access to the social amenities there. This makes it suitable for residential and commercial real estate investments and a perfect location for land flipping or banking.
4. Ibusa Road
The recent Ibusa road dualization by the Delta State government has greatly increased the demand for properties in this area. People are rushing to secure a place in Ibusa Road because of its serenity. Another impressive reason is its proximity to major places in Asaba.
Besides the good road and serenity of the place, Ibusa Road is attracting people because of its constant power supply and good security coverage.
You can make some cool real estate returns by capitalizing on the rapid development of Ibusa Road. Purchasing plots of land in this area has the potential to give you over 300% return in the next decade.
Also Read: An Overview of the Real Estate Investment Opportunities in Asaba
5. Ogbolu
Another area that’s fast developing in Asaba is Ogbolu, home to the Ministry of Technical Education and other notable establishments.
Besides teachers and students moving to this area, other individuals and businesses also move here for residential and commercial reasons. This makes it a suitable location for real estate investments.
You can buy lands here and keep them to appreciate over time. Alternatively, you can develop them into luxury apartments, retail shops, offices, or other commercial structures. Land flipping may not be an ideal investment option here, except you have a huge amount to buy multiple lands and flip for as little profit as possible.
Ready to Invest in the Asaba Real Estate Market?
Asaba is fast becoming one of the top commercial hubs in Nigeria. Many places in the city are growing rapidly to meet the real estate and economic demands of its surging population. Smart investors are seeing why they should tap into the rapidly evolving real estate market of Asaba. These investors are willing to go all in for it because they know the ROI that awaits them.
Places like Okpanam Road, Ibusa Road, Ogbolu, Nnebisi Road, etc, are still massively undervalued and promise massive returns in the near future.
Hopefully, this article has given you insights into the fastest-developing areas you can tap into for your real estate investments in Asaba.
To invest in our Asaba real estate offer, Ogwashi-Uku or Ibusa, Delta State, please, call +2348132794689. You can also send a WhatsApp message to +2348132794689.
