Jabi, a district in Abuja, Nigeria, is fast becoming a prime residential location. The area is known for its iconic lake, which was created as a hydroelectric power reservoir but is now a popular tourist destination.
In recent years, Jabi has become more accessible thanks to the construction of ring roads and a bus park. This has led to increased demand for housing in the area.
However, most of the existing developments in Jabi are in the midscale to deluxe segments of the market. There is a gap in the luxury segment, which developers are now starting to fill.
One of the most notable luxury developments in Jabi is The Shore, a two-tower development that will offer live-in and hotel apartments. Other luxury developments in the area include 7 Fifteen Lakeside Estate and Lakeview Apartments.
The increasing interest in Jabi as a residential location is expected to further spur growth in terms of sales and rental prices. As more luxury developments are delivered, the Jabi Lake area is becoming a prime location for residential real estate in Abuja.
Factors driving the growth of Jabi as a prime residential location
Proximity to the city centre: Jabi is located just a short drive from the city centre of Abuja, making it a convenient location for residents.
Good connectivity: Jabi is well-connected to other parts of the city by ring roads and a bus park. This makes it easy for residents to get around.
Availability of amenities: Jabi has a number of amenities that make it an attractive place to live, including the Jabi Lake Mall, the Jabi Lake Park, and the Jabi Boat Club.
Growing demand for luxury housing: There is a growing demand for luxury housing in Abuja, and Jabi is well-positioned to meet this demand.
Impact of the growth of Jabi on the real estate market
The growth of Jabi as a prime residential location is expected to have a positive impact on the real estate market in Abuja. This is likely to lead to an increase in sales and rental prices in the area.
Additionally, the growth of Jabi is expected to attract more developers to the area, which will lead to the development of more high-quality housing. This will further boost the real estate market in Abuja.
However, Jabi is a rapidly developing district in Abuja that is becoming a prime residential location. The area is well-connected, has a number of amenities, and is seeing growing demand for luxury housing. The growth of Jabi is expected to have a positive impact on the real estate market in Abuja.
Source: Nairametrics Newspaper