Metropolis Eko Atlantic, also known as Nigeria’s international trade hub, is an innovative coastal city in the heart of the Victoria Island district of Lagos, Nigeria. With its great infrastructure design that hosts large-scale, world-class financial, residential and commercial developments, the coastal city has become an undeniable creator of wealth-accumulation opportunities.
Individuals, companies and organizations have benefited tremendously from the project, taking the opportunity to purchase land for private development or to invest in real estate companies developing properties in the metropolis.
More than ever before, investors looking to diversify their portfolio by investing in luxury residential properties have a lot to look forward to by becoming a shareholder in Eko Atlantic.
This is the result of the seaside town’s enduring and outstanding selling propositions, including; It is a large metropolitan area that aims to be sustainable and self-sufficient, labor markets and workspaces, increasing net worth of housing, availability of various utilities and services, 24/7 independent power supply, smooth deed of assignment and planning permission processes, fiber optic communication links to every property and many more advantages.
Eko Atlantic was specifically built as a focal point for investors who choose to capitalize on luxury developments. What should potential buyers consider who want to enjoy portfolio diversification and massive returns by buying in the great metropolis of Lagos?
Investments are made solely for the purpose of achieving an attractive ROI. The expected ROI inadvertently depends on the goals associated with the investments.
Especially when investing in luxury real estate, it is advisable to identify specific objectives by considering the time to be devoted to investment management, the investment budget, the preferred investment style, the risk tolerance and the purpose of the investments.
Micro-scale details of the property should also be evaluated. These include factors such as the price per square foot, the price-to-rent ratio, and how the property has fluctuated in price over the past five or six years.
Investing in luxury real estate is capital intensive and determining available funding is one of the most important considerations. They can be funded in a variety of ways. One option is to own the property debt-free if sufficient cash is available. If not, an alternative is to purchase investment loans from banks and other financial institutions.
Loans for this purpose are usually granted in the form of fixed-term loans. These are easy-to-approve, short-term loans that are designed to be repaid in a matter of months. These loans are great financing options when the property you are investing in increases in value drastically after a few months.
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the right market
Investing in luxury real estate requires clear research and evaluation of market options. Valued at approximately $300 million, Eko Atlantic is a world-class initiative that offers diverse market options for investment. Its cutting-edge design makes it a destination for high-end property developers and buyers drawn by its extravagant features, opulent amenities, grand architecture, heightened security, privacy and overall idyllic atmosphere – all offered by various properties represented by different market options.
The preferred choice is to select luxury properties that fit a preferred investment style and budget and have a high chance of increased ROI over a longer period of time. Finding these properties is one of the many areas where investing in a trusted real estate company like Arkland Group comes into play. Arkland’s luxury offering ranges from penthouses, apartments, duplexes, tower blocks and mansions – all market investment options available at Eko Atlantic’s first purely indigenous real estate company.
Navigating the waters of investing in luxury real estate can be difficult. It is advisable to work with the right real estate company that develops high-end real estate in the coastal city. Established real estate companies such as Arkland Group have extensive experience and expertise dedicated to providing first class guidance to the investment process and ensuring lucrative returns are achieved.
Arkland Group is a real estate development company and the first domestic real estate developer to build towers in Eko Atlantic City. With over 300 residential units developed and 8 ongoing construction projects in Nigeria, it has earned a reputation as a leading real estate company and developer with a focus on sustainability, durability and quality living.
Umana, Head of Sales/Client Services, Arkland Properties & Investment, writes from Lagos