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Reasons you should consider buying land in Ibeju-Lekki

Updated: Jun 9, 2023

Reasons you should consider buying land in Ibeju-Lekki

Ibeju Lekki is a rapidly developing area in Lagos, Nigeria known for its beautiful beaches, luxury real estate, and numerous investment opportunities. It is expected to become a major commercial and residential hub in the coming years, with a growing business and industrial sector and attractive locations for businesses. Its natural beauty and luxury properties make it an attractive destination for property investment.

Here are some potential reasons why you might consider buying land in Ibeju-Lekki:

  1. Infrastructure development: Ibeju-Lekki is experiencing significant infrastructure development, including the construction of the Lekki Free Trade Zone, the Dangote Refinery, and the Lekki Deep Sea Port. This development is likely to drive economic growth and increase the value of land in the area.

  2. Tourism potential: Ibeju-Lekki is home to several tourist attractions, including the Lekki Conservation Centre and the Eleko Beach. This could make it a desirable location for those interested in developing vacation properties.

  3. Affordable prices: Land prices in Ibeju-Lekki may be more affordable compared to other areas of Lagos, making it a potentially attractive option for those looking to invest in real estate.

  4. Future growth: Ibeju-Lekki is expected to experience significant population growth in the coming years, which could drive demand for land and increase its value.

There are many other compelling reasons to consider purchasing land in Ibeju Lekki, a region that is undergoing significant development and growth. Some key factors to consider include:

  1. The new multi-billion Naira Lekki-Epe International Airport, which will significantly improve connectivity to and from the region.

  2. The planned new sea port, which will further enhance the region's economic development.

  3. The massive Dangote Refinery, which is set to be one of the largest in the world and will bring significant economic benefits to the area.

  4. The Free Trade Zone, which will attract a wide range of industries and businesses to the region.

  5. The new Shoprite, which will bring a major retail presence to the area.

  6. The presence of the Pan Atlantic University, which will attract a highly educated and skilled workforce to the region.

  7. The planned 4th Mainland Bridge, which will improve connectivity and accessibility within the region.

  8. Access to luxury resorts such as La Campagne Tropicana Beach Resort, Eleko beach, and other beautiful beaches, which will attract tourists and boost the local economy.

  9. The presence of major industries such as Eleganza Industrial City and Coscharis HQ, which will bring employment and economic growth to the region.

  10. The fact that Ibeju Lekki is the fastest growing region in Nigeria, with strong potential for appreciation of property values.

  11. The opportunity to purchase land with flexible instalment payment options.

  12. The fact that the land is free from omo onile and government acquisition, providing peace of mind and security for investors.

  13. The proximity to a range of high-quality estates, such as OakVines Estate, Berry Vines Estate, and more.

Overall, investing in land in Ibeju-Lekki could be a potentially lucrative opportunity due to its infrastructure development, tourism potential, affordable prices, and expected future growth. However, it's important to carefully research the market and consider all potential risks and rewards before making any investment decisions.

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