Ibeju-Lekki is the fastest growing commercial and residential hub located in the Epe Division of Lagos State, Nigeria. Ibeju-Lekki is undoubtedly one of the hottest locations to invest in Lagos. Here are our top 10 benefits for moving into Ibeju-Lekki:
1. Beautiful landscapes and Amazing beaches
Ibeju-Lekki is home to one of Nigeria’s most palm-fringed beaches. Its beaches, landscapes, and lagoons make this area a prime tourist spot. Most of the indigenous people make a living from fishing. It’s quite common to see children swimming in the ocean or the grown-up’s cozying to a bowl of special fish soup locally called ‘ Imooyo’.
Ibeju-Lekki offers the perfect escape from the rowdy, crowded parts of Lagos. To top it all, LekkiVale Estate strategically located in Ibeju-lekki offers you just the perfect home; allowing you to explore and experience a better work-life balance, access to great outdoor activities and cheaper living costs.
2. The convenience of Well Paved Roads
Most of Ibeju-Lekki is connected to Lekki and other areas of Lagos by the Lekki-Epe expressway. It’s easy to move around Ibeju-Lekki using public transportation or a private vehicle. LekkiVale Estate is located along the Lekki-Epe expressway allowing you easy access. It takes approximately 45 minutes to get to LekkiVale Estate from Lekki phase one.
3. Endless Entertainment Options (Even on Weekdays)
Ibeju-lekki is a growing town and has attracted a good number of hotels, resorts, and lounges. This budding town offers you a wide array of fun activities. You can visit the white-sandy Eleko beach or give your family a treat at Funtopia, Tickle Bay, Omu Resort, La Tropicana, and many others. There’s something for everyone and if you love fresh fish then, you should definitely reside here.
In addition, LekkiVale Estate offers for you and your entire family fun outdoor activities like a tennis ball court, basketball court, swimming pool, and a clubhouse.
Ibeju-Lekki is home to mouth-watering seafood cuisine on this side of the West. As a new resident, your taste buds would be wowed. Ever had the real fisherman’s soup? Keep your fingers crossed.
Several shopping complexes are located across Ibeju-Lekki to cater to the shopping needs of the residents. Shoprite, as well as a number of other multinational retailers, are currently under construction to cater to the anticipated 800, 000 people expected to move into Ibeju-Lekki by 2020. Just to add, the community is every mother’s dream, they have the cheapest fresh foods.
5. Low Crime Rate
Ibeju-Lekki has lower crime rates compared to other areas of Lagos. The possibility of robbery and other crimes are relatively low. Life on this side of town is more peaceful and generally calm. If you intend on raising a family in a serene and tranquillity, then this is the pristine region for you.
6. Less Crowded
Ibeju-lekki is spread across 455km2 (176 sq mi) and has an estimated population (2006) of 117,481. This means you wouldn’t have to deal with all the congestion that comes with living in crowded areas. LekkiVale Estate offers you and your family ample parking space and a large backyard, where your kids can play in the sun. You can say goodbye to neighbour squabbles over parking space.
7. Better Job Opportunities
Ibeju Lekki has attracted massive industrial projects like the Dangote refinery and fertilizer plant at the Lekki Free Zone area, a petrochemical and power plant, a deep-sea port, the fourth mainland bridge, the New International Airport, a blossoming tourism sector, and even the Pan-African University all make this area the new commercial hub of Lagos.
Ibeju-Lekki is also one of the locations for the Lagos Smart City deal with Dubai. With the actualization of this blueprint, this region would become a central hub for business, manufacturing, warehousing, and logistics and will create many job opportunities.
In Ibeju Lekki, the Dangote Refinery is expected to be the world’s biggest single-train facility and estimated to cost $9bn. It covers a total area of 2,635ha on the Lekki Free Zone near the Lekki Lagoon, enabling easy shipment of refined petroleum products to international markets.
Nigeria currently has about 37 billion barrels of oil reserves, however, most of our refined products are imported due to the lack of adequate domestic refining capacity. It was due to this pressing need that birthed the Dangote Refinery. The refinery is expected to double Nigeria’s refining capacity, largely to accommodate the pressing demand for fuel and export to foreign markets in and out of Africa. A fertilizer plant is also included in the refinery complex, to fully utilize the raw materials released from the refinery.
This project is projected to generate more than 9,500 direct and 25,000 indirect jobs.
The Lagos Free Trade Zone
A Free Trade Zone is an area free from the intervention of customs authorities, where goods may be landed, handled, manufactured or reconfigured, and re-exported. The Lagos Free Trade Zone initiated in 2002 is the first private owned free trade zone in Nigeria and the biggest in West Africa.
It is located at the Ibeju-Lekki Local Government Area, covering about 155 square kilometres. This zone was strategically chosen based on its integrated hub of active roadways, rail and sea links, eliminating all accessibility barriers. The core objective for this Lekki Free Trade Zone is to provide an ideal platform to expand the investment potential, business activities and tourism sector of Nigeria by eliminating trade barriers, while developing the export-oriented industries, increase foreign exchange earnings and generate employment opportunities.
Ongoing Developments in Ibeju Lekki
Already, the LFTZ has facilitated massive investments like the Dangote Refinery and Petrochemical plant. The Lekki Free Zone’s completion date is set in 2022, and it’s projected to create 300,000 direct jobs and 600,000 indirect jobs.
The Lekki International Airport
The Lekki International Airport project was initiated to lessen the pressure on the Murtala Muhammed Airport (MMIA) in Ikeja. The master plan of the new airport shows that it’s designed to cater to wide-body, double-deck, and four-engine aircraft with the capacity for up to 500 seats. For a start, the Airbus A380 is expected to carry two million to five million passengers per annum with future prospects of expansion to cater to the increasing aviation needs of the rapidly developing Lekki area and its environs.
The airport’s site is on a 3,000-hectare piece of land off the Lekki-Epe corridor; about 10km from the Lekki Free Trade Zone (LFTZ). It’s strategically located to serve the fast-growing residential and industrial Lekki hub.
The Deep Seaport
The new multi-purpose Deep Sea Port, dubbed as the deepest port in Africa is located at the heart of the Lagos Free Trade Zone. It is spread over 90 hectares of land, approximately 65 km East of Lagos City. The Lekki Deep Sea Port is designed to provide enormous value and support to the burgeoning commercial operation across Nigeria and the entire West African region; with a contract term of 45 years. This project is expected to create about 170, 000 direct jobs and grow to about 2.7 million and 4.5 million TEUs when the project operations fully commence. Also, note that the deep sea port location was strategically located based on the inter-connected road network like:
Lagos is the commercial heart of Nigeria and West Africa; with this comes massive economic opportunities, rapid population growth rate and infrastructural pressure like the need for bigger, better roads. The 4th mainland bridge was proposed to curb the increasing pressure that threatens to paralyse the city’s circulation. The new bridge is expected to improve the natural flow of people and vehicles.
The bridge is designed as a 2 level bridge that simultaneously allows the smooth movement of large numbers of people. The bridge when completed will be 38 kilometres long and would run pass Lekki, Baiyeku towns and Langbasa, serving as an alternative route from Lekki to Ikorodu, Ikeja to Ajah and an additional alternative to the Eko, Carter and 3rd Mainland Bridge.
The 4th mainland bridge is a four-lane dual carriageway designed to have eight interchanges to facilitate effective inter-connectivity between different parts of the state. This project is projected to cost N844billion and is expected to be delivered in three years.
The Dubai Smart City Deal
To crown it all, the Chief Executive Officer of Smart City Dubai LLC, Mr. Jabber Bin Hafez signed the MOU, which would make Lagos the home of the very first Smart City in Africa. The event was presided and witnessed by the Lagos State Governor, Mr. Akinwunmi Ambode. The Chairman of Dubai Holdings, His Excellency, Ahmad Bin Byat who is also the Deputy Prime Minister.
The Smart City deal is expected to draw from the success of Dubai’s innovative knowledge-based industry clusters, to empower business growth for companies and knowledge workers all over the world including our very own Ibeju-Lekki axis. The deal establishes this axis as a strong convergence for technology, economic development, and governance.
Real Estate Forecasts for Ibeju-lekki
Besides all these massive industrial developments currently on-going at the Ibeju-Lekki axis, one factor that makes investing in real estate at Ibeju Lekki an absolutely ultimate deal is the growing Lagos Population Growth.
Lagos state’s population growth rate is rapidly growing now reaching 21 million from just 1.4 million as of 1970. One report stated that about 6000 people move into Lagos daily. Unfortunately, this migration isn’t followed by adequate housing infrastructure. In fact, Lagos needs about 3 million housing units to cater to its existing population.
Other minor facts are:
Lagos is the most expensive city to rent a house in West Africa.
It is also home to the highest number of millionaires in Lagos and West Africa.
If you’re a savvy investor, you must have gotten it already.
With the high demand for labour at Ibeju-lekki, expect a huge urban migration to this region. Coupled with a stable source of income, you’d have ready and willing people to pay good money for accommodation by 2022.
Knowing where to invest is one thing, choosing the team to work with to realize your investment goals is another. Here at Sevic PDC, we ensure your investments are 100% secured by offering you the following:
The best, strategically located estate at Ibeju-Lekki. LekkiVale Estate is located along the Lekki-Epe Expressway approximately 45 mins from Lekki Phase 1 and 10 mins from the new airport.
LekkiVale Estate has a valid, verifiable C of O land document. We encourage all our clients to thoroughly verify land documents before buying land, and we assist them through the whole process.
LekkiVale Estate is spread across 6 hectares of dry land. You don’t have to spend an extra naira on landfilling.
All our land prices are extremely affordable, with the added advantage of a flexible payment plan to suit your budget.
The economy as we know it is experiencing a shift from a fast-declining phase to a slow rising phase. The question is, what is your ROI strategy?
Everyone knows the best time to invest in real-estate is during a recession; this is when the price of landed properties is at the lowest. In other words, the best time to have invested in Ibeju-Lekki was three years ago.
Let’s just say if you missed this opportunity, the next time to do it is now…Today! “I recently bumped into an old friend, Olatunji. We talked about life and all its hurdles but what stood out from our hours of talking over drinks was a very smart investment decision Ola had made. Five years ago, Ola had gotten two plots of land at Ibeju-Lekki at N1,000,000 each and then just at the beginning of this year, he sold those same plots for N4,500,000 each. That’s an ROI of 450% in five years. Awesome! He told me he’s going further down to get more lands and wait.”
What’s the guarantee that you’d get a high ROI on your investments when you invest in LekkiVale?
Simple: Where demand exceeds supply, price increases.
455km2 is the total surface area of Ibeju-Lekki. This number isn’t increasing anytime soon. (Except they begin manufacturing land).
A projected number of 500,000 people are expected to move into this region by 2020 (barely 2 years from now). This figure is expected to cater to the labour demand of the growing industrial zone. These people would need houses.
Lagos currently has a population of about 21,000,000 people, a number that keeps increasing annually and thus, expanding to fill up ‘remote’ areas.
Why LekkiVale Estate?
LekkiVale Estate is strategically located along the Lekki-Epe expressway, opposite the New International Airport and an ample distance from the Dangote Refinery (No pollution issues).
It has 100% dry land and drains immediately after rainfall.
Very affordable with available flexible payment plans.