Searching for the biggest estates in Nigeria to invest? Or maybe you just want to know the more about the biggest estates for informational purposes.
Whichever the case may be, simply proceed to read this article, as we talk about the biggest housing estates in Nigeria, listing only the best of the best that would be profitable to you if you are an investor.
Real estate has become one of the most lucrative opportunities for investors seeking to make long-term gains. Investors like Warren Buffet, Donald Trump and Samir Tapir have real estate investment to say their thanks to for the billionaires they now are.
- Gwarimpa Estate, Abuja
In this list, you will find several housing estates in Nigeria and their respective locations. Some could certainly be expensive and break your bank depending on your income level. Known to be the largest single housing estate in Abuja and allegedly West Africa, the Gwarimpa housing estate takes the first place on our list. The estate was built and commissioned by the Late General Sani Abacha and referred to as the largest housing estate in the whole of Africa at its inception. Occupying an expanse of land of about 1090 hectares, we can certainly agree to that.
Today the estate is home to a majority of civil servants in government offices. The estate is also home to several high commissions and embassies including the ECOWAS court which has an official quarter for the President and Members. The average prices of property for sale in Gwarinpa estate is around N65 million with a 5 bedroom detached duplex costing around N90 million.
- Festac Town, Lagos
With over 5,000 housing units, Festac Housing Estate sits comfortably at the number 2 spot in our list. The housing estate was initially built to house participants of the Second World Festival of Black Arts and Culture of 1977. After the festival, the Federal Government Of Nigeria allocated landed properties and housing to the winners in the festival although they were forbidden from reselling or renting such properties.
Today, you can rent or buy landed properties in FESTAC, although you would want to be cautious as the area is known to house some of the most notorious of internet fraudsters. The housing estate is also referred to as one of the best housing estates in Nigeria because it not only offers to house the rich but also to the middle and low-income levels which makes it one of the most affordable housing estates in Nigeria. When it comes to prices of properties, you can get a 5-bedroom semi-detached duplex for about N65 million and 7-bedroom detached duplex for N90 million. Rental properties are also available and you can get 3-bedroom apartment t N1.3 million per year.
- Sunnyvale Homes, Dakwo, Abuja
For the third spot, we are moving back to the Federal Capital Territory, Abuja. Sunnyvale is a large and fairly new estate in the bustling city of Abuja. The estate occupies an expanse of land of over 101 hectares and thousands of housing units. Sunnyvale estate is located in Dakwo District of Abuja and features world-class utilities and comfort for the occupants including a shopping mall, dedicated police state, sports center, and a recreational building. Prices of properties in Sunnyvale estate are on the expensive side as a 3-bedroom semi-detached bungalow could cost you as much as N21 million.
- Friend’s Colony Estate, Lekki, Lagos
Friend’s Colony Estate is a fully serviced residential estate located in Lekki, Lagos. The estate is al a high-class estate as not only the properties in the setae are expensive but the day to day e.g power supply bills services would cost you a lot too. Like most high-class estate, Friend’s Colony Estate boasts of world-class facilities including an adequate drainage system, 24-hour electricity, 24-hour security, a serene environment, and various other facilities.
The estate also has an iFitness gym and a swimming pool for its residents although you are required to pay a membership fee before being granted access. Cost of property in Friend’s Colony Estate are expensive as you should expect, a 5 bedroom Detached Duplex could cost you about N90 million while a 4 bedroom Detached Duplex could cost you about N70 million. There are also rental properties in the estate as you can rent a 4 bedroom Detached Duplex for about N4 million per year.
- Rainbow Town Estate, Port Harcourt
Probably the most expensive housing estate in the South-South region of Nigeria, the Rainbow Town Estate covers a land space of about 23 hectares. Located in the Trans-Amadi business and industrial of Port Harcourt, Rainbow Town Estate is said to be the largest housing estate in Rivers State with a worth of N82 billion and about 1,181 housing units comprising of duplexes, bungalows, and high-rise luxury villas.
The estate consists of several towers including the 15-storey Point Block towers, comprising of nine blocks and 468 apartments; a 12-storey City Block towers comprising of 16 blocks and 640 apartments and a 15-storey tower which serves as a commercial hub, Movie Theater, shops, restaurants, motels, and a helipad. The estate also boasts of many more facilities including a police state, fire station, a central station for power, water and sewer plants, a medical clinic, school and clubhouse.
