Eko Atlantic is a ten million sq. metre mixed-use metropolis constructed on reclaimed land adjoining to the Lagos coast.
The venture was designed by South Vitality Nigeria Restricted, a venture of the Chagoury Group and began in 2008.
The venture, which is predicted to be absolutely accomplished in about 2035, is meant to accommodate greater than 250,000 residents, making it one of the vital formidable master-planned metropolis tasks privately funded in Africa.
The luxurious residential section in Eko Atlantic is characterised by a novel ecosystem.
Luxurious residential properties in Lagos have skilled spectacular gross sales value development in naira, averaging 38%–60% yearly over the previous 5 years, primarily fueled by sustained demand from high-net-worth people owing to the model fairness that the venture has constructed because it broke floor.
From our perspective, one of many defining edges of Eko Atlantic is its absolutely built-in infrastructure and Free Zone standing, which affords tax incentives, regulatory help, and Lagos State-backed sublease. The residential market in Eko Atlantic is led by Arkland Properties with greater than 220 items, alongside Eko Growth Firm (the builders of Eko Atlantic itself) and Eko Pearl.
With luxurious flats priced between $659,400 and $5 million, Eko Atlantic targets ultra-HNIs, notably diaspora and institutional buyers.
With main company relocations and over 21 pipeline developments totalling 2,500+ items, with many already 50% pre-sold, investor confidence stays sturdy regardless of some tasks remaining at conceptual phases.
On this article, we might be discussing the highest 7 residential developments that we discover fascinating in Eko Atlantic and what makes them distinctive.
