Connect with us

REAL ESTATE

Important Reasons Why You Need To Invest In Ibeju Lekki

Published

on

As a result of the continuous improvements in the area, Ibeju-Lekki is regarded as the future new Lagos and a key hotspot in Lagos State.

It has recently been one of the most sought-after investment destinations among investors, real estate developers, and other industry specialists.

Every real estate investor understands that location is everything in this business.

It has the power to make or break an investment; therefore, location is everything!

But first, let us learn more about Ibeju Lekki and its location in Lagos.

important reasons why you need to invest in ibeju lekki 2

Ibeju Lekki is one of Lagos State’s 37 Local Government Areas, measuring over 20 kilometers broad and 75 kilometers long. Ibeju and Lekki are the two autonomous communities that gave rise to the name.

It has a total land area of around 455 km2 and is geographically located at 6029′ 0″ North and 30 54′ 0″ East.

Its provincial government, which was formed out of the old Epe Local Government and has its headquarters in Akodo, is one of the four established in Lagos State in 1990.

Meanwhile, according to the 2006 National Population Commission census, Ibeju-Lekki had a total population of 117,481 people, while the entire population of Lagos state was 9,113,605.

Ibeju Lekki’s residents

The Yoruba tribe, as well as people from other regions of the country, make up the majority of the population of Ibeju Lekki.

As their primary means of communication, they converse in English and Pidgin English.

However, this does not negate the Yoruba language, which is the native tongue of the people in the area.

People of various religions, including Christians, Muslims, and other traditional worshippers like as Ifa, make up the majority of the residents of Ibeju Lekki.

Characteristics Of Ibeju Lekki

Ibeju Lekki has a lot of wonderful qualities, which is one of the reasons why it’s known as the New Lagos and the state’s next hot spot. As an example;

1.Massive Industrialization

Various planned developments in Ibeju Lekki are now under construction, with the majority of the land held by either a private group or the government.

 We’ll get into more detail on this as we go along.

The Dangote Refinery, valued over $9 billion, the Lekki Golf Course, the New Lekki International Airport, the Lekki Free Trade Zone (FTZ), the Railway, Pan-Atlantic University, the Lekki Sea Port, and others are among them.

2. Property Appreciation and Prime Location

Ibeju Lekki is situated in the tranquil surroundings of Lagos state, making it an ideal place for tourism attractions and recreation.

This is due to its close vicinity to Eleko Beach, the Lekki Conservation Centre, the Nike Art Centre, and other attractions.

Investing in Ibeju-Lekki, whether for commercial or personal interests, maintains your property at the forefront of activity.

 Property in Ibeju Lekki frequently values more than property in other areas because of these attributes.

It promises at least a 200 percent return on investment in a short period of time, as well as a goldmine for early investors.

3. Road Network Expansion in Ibeju Lekki

ibeju lekki epe

The Lagos government is currently working on a significant road development project in the region.

The state government has already constructed the Lekki-Epe Expressway and still intends to build a 10-lane road that will connect the area to other major roads connecting to Ikorodu, Itokin, and Ijebu-Ode.

Ibeju-Lekki is one of Lagos State’s fastest-growing districts, with several opulent estates springing up.

The majority of the Estates have been completed, while the remainder are still being built.

As a result, the area’s road networks have been expanded to make the area more accessible.

Ibeju Lekki’s Major Developments

Although the real estate market is nearly identical around the world, location has a significant impact on your investment.

The property’s value and potential are 80 percent determined by its location. For example, in places like Lekki, Ikoyi, Ikeja, Victoria Island, and other large cities, all started from the ground up before progressing, and the same is true in Ibeju Lekki.

Key Developments in Ibeju Lekki are as follows

1.Dangote Refinery and Petrochemical Industry:

Dangote Refinery

Dangote’s project is one of the largest in Ibeju Lekki right now. The refinery and petrochemical industry is Africa’s largest industrial investment, costing $17 billion.

 When finished, the facility will employ up to 20,000 Nigerians and refine approximately 600,000 barrels of crude oil each day.

With this increase in employment comes an increase in house demand and appreciation in the neighborhood.

This single project will benefit not only the Lagos state government, but also Nigeria and Africa as a whole.

 Nigeria will save at least $10 billion per year on imports as a result of this project.

2. The Lekki Free Trade Zone (FTZ)

This is another important project underway in Ibeju Lekki; it would be Nigeria’s first Smart City.

According to a Daily Times article, over a billion naira has been invested in the FTZ.

The project’s master plan called for it to be built as a satellite city for people, modern industrial businesses, and commerce.

3. Lekki International Airport:

This is a Lagos state government-run project with a capacity of up to 5 million passengers per year.

 The master plan is in place, and 3500 hectares of land have been mapped out for it.

4. The Lekki Deep Seaport

This is located directly across from the Lekki Free Trade Zone.

 It’s designed to transport over 6 million Twenty-foot Equivalent Units (TEUs) of cargo.

Over 170,000 Nigerians are expected to be employed as a result of this initiative, either directly or indirectly.

5. Lekki International Golf Course:

Lakowe Lakes Golf & Country Estate is a one-of-a-kind West African golf course.

It’s a 308-hectare residential complex with an 18-hole world-class golf course set in a tranquil setting.

6. Pan African University:

Pan-Atlantic University is a private, non-profit educational institution in Lagos. It is Located near Eleko in Ibeju Lekki, and has a new campus at Eleranigbe Ibeju Lekki.

7. Shopping Mall:

Various shopping malls are being built in Ibeju Lekki. For example, a big ShopRite, Yomade shopping complex, Mayfair shopping complex, and others are already in place. These developments contribute to the area’s rapid development.

8. 4th Mainland Bridge:

This is a proposed 38-kilometer project by the Lagos state government that would connect Lagos Island to the cities of Ibeju Lekki and Baiyeku, as well as across the Lagos Lagoon to Ikorodu.

This bridge will aid with the region’s road network by complementing the 3rd Mainland Bridge. As a result, the state’s economy will be boosted, and investment will be encouraged.

9. Lekki Tourist Centre:

The Lekki Conservation Centre, golf course, Lekki Tourist Centre, Private Beaches and Resorts all contribute to making Ibeju Lekki a fantastic tourist destination.

10. Different Enterprises:

With companies such as Indomie Industry, Eleganza Industries, Power Oil Production Plant, and Coscharis Group in the region, Ibeju Lekki will undoubtedly become a prominent business center in Lagos.

Finally, with these huge developments in Ibeju-Lekki, now is unquestionably the greatest moment to build wealth. This is because the economic activities in the area will be very high as a result of these developments.

As a result, Ibeju Lekki has become the state’s and even the country’s most important business district.

As you can see Ibeju-Lekki is the fastest growing commercial and residential hub located in Lagos State, Nigeria.

It is undoubtedly one of the hottest locations to invest in Lagos.

Here are the top ten reasons to relocate to Ibeju-Lekki:

1.Landscapes that are breathtaking and beaches that are second to none:

One of Nigeria’s most palm-fringed beaches is found in Ibeju-Lekki.

The area’s beaches, sceneries, and lagoons make it a popular tourist destination.

 Ibeju-Lekki is a great place to get away from the hustle and bustle of Lagos.

itunu road land 1
Itunu Residential Estate strategically located at Ibeju Lekki with a very good title

We have an Estate in our portfolio called UTUNU Residential Estate.

This Estate is strategically positioned in Ibeju-lekki and has the potential to provide the best amenities real estate has got to offer. It has a Certificate of Occupancy and promises maximum returns on your investment.

2. Well-Paved Roads Provide Convenience

The Lekki-Epe expressway connects most of Ibeju-Lekki to Lekki and other parts of Lagos. Getting about Ibeju-Lekki with public transit or a private vehicle is simple.

3. Countless Options for Entertainment

Ibeju-lekki is a developing town that has attracted lots of hotels, resorts, and nightclubs. This burgeoning town provides a diverse range of enjoyable activities. You can take your family to the white-sandy Eleko beach or to Funtopia, Tickle Bay, Omu Resort, La Tropicana, and other attractions. There is something for everyone, and if you enjoy fresh seafood, here is the place to go.

la tropicana resort ibeju lekki 1

4. Restaurants and shopping of the highest caliber

On this side of the West, Ibeju-Lekki is known for its delectable seafood cuisine.

Your taste receptors would be amazed as a newcomer.

Have you ever had authentic fisherman’s soup? Cross your fingers for me.

Several shopping complexes are located across Ibeju-Lekki to meet the locals’ shopping needs.

Shoprite, as well as a number of other global stores, are currently under development in Ibeju-Lekki to serve the estimated 800,000 people who will migrate there by 2020.

To add to that, the community is a mother’s dream because they have the best prices on fresh produce.

5. Low Rate of Crime

In comparison to other districts of Lagos, Ibeju-Lekki has a lower crime rate.

Robbery and other types of crimes are unlikely to occur. The pace of life on this side of town is slower and more relaxed.

This is the perfect place for you if you want to raise a family in peace and tranquility.

6. It’s less crowded.

Ibeju-lekki covers 455 square kilometers (176 square miles) and has a population of 117,481 people. This means you won’t have to deal with the traffic that comes with living in a densely populated location.

7. Enhanced Job Prospects

Massive industrial projects like mentioned earlier such as the Dangote refinery and fertilizer plant in the Lekki Free Zone area, a petrochemical and power plant, a deep-sea port, the fourth mainland bridge, the New International Airport, a thriving tourism sector, and even the Pan-African University have all helped to make Ibeju Lekki the new commercial hub of Lagos.

Ibeju-Lekki is also a part of the Lagos Smart City partnership with Dubai. This location would become a vital focus for business, manufacturing, storage, and logistics if this blueprint were to become a reality, creating numerous job opportunities.

8. Investment Possibilities

Even if you have no plans to relocate to the Ibeju-Lekki area, it is a great place to invest. The LekkiVale estate offers a once-in-a-lifetime chance to invest in this location, with estimated returns of up to 400% in the following five years.

Now that you have all of this knowledge, you can be confident that you are making the best decision possible by investing in Ibeju Lekki.

There are many real estate options in Ibeju lekki with great title in our portfolio, and I’d be happy to guide you in getting one plots or more !

real estate quote 1

Please contact us right away so that we can advise you on how to INVEST in Ibeju-Lekki (The New Lagos).

For more Inquiries and Inspection Please

Deka Real Estate Ltd (The Real  Estate Guider) Lets guide you to a safe and secure property

+234 (0)8082023568

Continue Reading
Advertisement
1 Comment

1 Comment

  1. zoritoler imol

    June 8, 2022 at 6:02 am

    Nice post. I was checking continuously this blog and I’m impressed! Very useful info specially the last part 🙂 I care for such info much. I was seeking this certain info for a very long time. Thank you and best of luck.

Leave a Reply

Your email address will not be published.

Trending