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Why are there so many Real Estate Companies in Lagos?

Posted by DanbelProInv on March 1, 2021

Have you ever wondered why ALMOST EVERYONE is delving into Real Estate in Lagos? Do you even think we have “TOO MANY” Real Estate companies in Lagos?

Real estate companies in Lagos

REDAN Members with Ooni of Ife

What if I told you that we are yet to scratch the surface?

Over the last 10 years, we have seen an upsurge in the number of Real Estate companies selling undeveloped land in estates around Ibeju Lekki and this is not just for show. The upsurge started in September 2013 when Dangote announced that he had secured about $3.3 billion in financing for his Refinery.

Upon completing Dangote Refinery and the new Lekki seaport, an estimated 2 million new residents are expected to move into Ibeju Lekki.

In addition to the refinery, over 20 multinational companies have set-store in the Lekki Free Zone worth over $20 billion.

To cater to this large inflow of new residents, over 500,000 new houses are needed. These houses will not be built in the sky but on land. If the average estate can carry about 150 houses, then about 3,300 Estates will be needed to house these new residents.

Now you understand the hype.

Investors who quickly bought land in 2013 around the Refinery for less than ₦300,000 per plot can easily resell that same land for over ₦10 million today.

However, we are in the last phase of this land boom as over 70% of the undeveloped land in Ibeju Lekki has sold out. You do not need to live in Lagos to take advantage of this. It’s as good as buying Tesla shares which is located in the United States of America. You do not have to move to the US to earn dividends and make profits from Tesla. All you need is a trusted broker from your country.

Luckily, you can still get a full plot of land a few minutes from the Refinery for just ₦1 million with an initial payment of ₦200,000. If you still have doubts about it, think about the individual who bought land for ₦300,000 years ago and has seen a 3233% increase in the value of that same land 8 years later.

  • He did not spend money maintaining the land
  • He has never fought with community people and family members because he bought with a Registered and Certified Real Estate company.
  • All he did was Land-bank.

Contact us at Danbel Properties and Investments Limited to start your journey to becoming a Landowner today. We are tested and trusted with clients from countries including USA, UK, Mexico and Nigeria.

Like the popular saying goes; “No go let express leave you o”


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