The New Lagos Airport and the Investment Opportunities it Brings

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You have probably seen the new Lagos international airport news flying around on the internet for some days now that the Lagos state government is set to construct at the Lekki-Epe axis and you are wondering how to invest in properties close to the airport.

For those asking where is the new Lagos international airport located, or does Lagos have a new airport? Oh yes, the proposed site, measuring 3500 hectares of land, for the new Lagos International Airport is in Aiyetoro town, Ibeju Lekki, Lagos state.

The good news, according to Punch, came in last Friday, 7th of October, 2022, by Mr Ope George, the Special Adviser to the Governor on Public Private Partnership while speaking at a media parley organized by the state government in Alausa.

Lagos state governor receives letter of approval for new airport construction
Babajide Sanwolu, Governor of Lagos State Received a Letter of Approval for the Construction of the Ibeju-Lekki-Epe Airport

The new airport, which will help relieve congestion at the aging Murtala Mohammed International Airport at Ikeja, is designed to handle about 5 million passengers per year with room for development in the future.

The Lekki-Epe airport comes as another big banger to the Ibeju Lekki environs, enhancing both residential and commercial infrastructure, after some significant projects like the Lekki Free Trade Zone and the Deep Sea Port. This is bringing Ibeju Lekki closer to being Africa’s next commercial hub.

The New Lagos Airport and You

So how do you come in as an investor? Why must you listen and act as an investor?

You know that thing they say about being the fast, smart and eagle-eyed investor? This is the time you get to pat yourself on the back as a result of this investment decision that you are about to make.

While the biggest players are jostling for the PPP on the new airport, I bring to you the kind of investment you can make today and will be able to compete with them tomorrow.

What do I mean?

We all know the huge returns on investment that properties close to the airport command. So, therefore, this is the best time to grab as many plots of land as you can around the site of this new Lagos airport.

The Lagos New International Airport

Properties Close to the New Lagos You Can Buy Today

In lieu of this, I have taken my time to check the market and select not only the best properties but affordable ones in close proximity to the new airport for you.

#1 – FAIRMONT GREEN & SMART ESTATE

I am recommending Fairmont Estate not only because it has close proximity to the new Lekki International Airport, but it promises to offer a fully-optimized community with everything done at the touch of a button.

Fairmont Green & Smart Estate boasts of a 100% wholly clean energy and sustainable environment in a friendly neighbourhood.

The estate will feature;

  • Smart Infrastructure
  • Smart Energy
  • Solar Powered
  • Renewable Technology
  • Electric Car Charging Port
  • Recreational Centre, etc

Fairmont Green & Smart Estate has close proximity with;

  • Lagos State Rail Project
  • Lekki Deep Sea Port
  • Lekki Free Trade Zone
  • Alaro City
  • Dangote Refinery & Petrochemical Industry
  • Pan Atlantic University
  • Eleganza Industrial City
  • Coscharis Group, etc

Prices:

  • 500sqm: N15m (N18.250m all-inclusive, i.e. cost of land, documentation and development fees)
  • 300sqm: N9m (N11.250m all-inclusive, i.e. cost of land, documentation and development fees)

Note that the above prices are all pre-launch promo prices which will end soon.

With an initial deposit of just N1m, you can spread your payment for up to 24 months.

Fairmont Estate comes with a Certificate of Occupancy (C of O) as the title.

Call John on 08065693958 or WhatsApp to assist you through the purchase process of Fairmont Green & Smart Estate, Ibeju Lekki.

2 – ITUNU CITY (COMMERICAL & RESIDENTIAL ESTATE)

Itunu City, a combination of both commercial and residential development, is located in Aiyetoro, opposite the new Lagos international airport.

We call it a city because it will house one of the biggest, most modern, most commercialized cities in the Ibeju Lekki axis, spanning over 100 acres of solid dry land.

If you haven’t heard of Itunu Residential or if you miss investing there, then you should not miss buying in Itunu City.

Itunu City Estate will feature;

  • Tech City
  • Knowledge Park
  • Central Business District
  • Parks and Gardens
  • Water Parks and Lakes
  • Mini Golf Course
  • Family Entertainment Center, etc

Itunu City has close proximity not only to the new Lagos airport but also to;

  • Epe Resort & Spa
  • Alaro City
  • Epe Fish Market
  • Cranburg Lagos Yard
  • Neander International School
  • Dangote Refinery
  • Lekki Deep Sea Port
  • Lekki Free Trade Zone, etc

Prices:

Residential Plots

  • 500sqm: N20m
  • 300sqm: N12m

Commercial Plots

  • 1000sqm: N65m

With a deposit of N5m, you can own at least a plot of land in Itunu City Ibeju Lekki.

NOTE: The above prices are all pre-launch promo prices which will end soon. Also, prices are all inclusive of documentation and development fees.

It also has a C of O as the title.

Call John on 08065693958 or WhatsApp to assist you through the purchase process at Itunu City Estate, Ibeju Lekki.

3 – DUKIA AFRICA (BIGGEST RESORT IN AFRICA)

Dukia Africa broke the record in Epe last month September when the first helicopter landed in the estate during its official launch.

Dukia Africa Estate is a large private community in Epe spanning over 1000 plots of land. It is divided into 3 districts; the 1st district is residential, the 2nd district is the resort and the 3rd district is the commercial part.

Dukia Africa is entertainment, and recreation at its peak, with services and business districts in symbolic grandeur.

Dukia Africa features;

  • Helipad
  • Basketball Ball Court
  • Eco Friendly
  • Car Parks
  • Recreational Facility
  • CCTV Cameras
  • Water Hydrant
  • Dedicated Transformers and Central Generator
  • Swimming Pool and Gym
  • Waste Disposal
  • Good Drainage and Interlocked Roads
  • Perimeter Fencing, etc

Though Dukia Africa is located in Epe, it has close proximity to;

  • Alaro City
  • Epe Resort & Spa
  • The New Lekki International Airport
  • Augustine University
  • Isimi Lagos
  • Ontario Shopping Mall, etc

Prices:

Residential Plots

  • 500sqm: N15m
  • 300sqm: N10m
  • 200sqm: N6.5m
  • 150sqm: N5m

Commercial Plots

  • 500sqm: N20m
  • 1000sqm: N40m

Houses

  • 1 Bedroom Bungalow (Oke Aro): N11.5m

NOTE: Prices are all inclusive of documentation and development fees.

There is a good instalment payment plan on any of your choice.

Call John on 08065693958 or WhatsApp to assist you through the purchase process at Dukia Africa Estate, Ibeju Lekki.

There are other properties with close proximity to the new Lagos airport aside from the three premium properties listed above.

Now that you have the opportunity to invest and own properties within close proximity to an airport, I am counting on you that you would miss it.

Those that invested in close proximity to Ikeja airport are still enjoying that informed decision they made many years ago. Be like them – be a smart investor!

Remember, you can talk to me at +2348065693958 on any of the listed premium properties and I will help you through seamlessly. And if you have a lower budget, talk to me still as we have something in your budget in Epe to invest in.

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    Oyedepo John is the MD/CEO of Landicon Realtors Ltd. He gives professional real estate advice and helps smart investors make profitable real estate investments for high ROI, thereby creating wealthy landlords.