Top 10 Biggest Estates In Nigeria
Looking for the biggest estates in Nigeria to invest? Or maybe you just want to know the more about the biggest estates for informational purposes.
Whichever the case may be, simply proceed to read this article, as we talk about the biggest housing estates in Nigeria, listing only the best of the best that would be profitable to you if you are an investor.
Real estate has become one of the most lucrative opportunities for investors seeking to make long-term gains. Investors like Warren Buffet, Donald Trump and Samir Tapir have real estate investment to say their thanks to for the billionaires they now are.
Over the years, luxury rental properties have become one of the most lucrative means of investment especially amongst the most privileged of individuals in Nigeria. These luxury properties are targeted at company officials, celebrities, politicians and also billionaires who could possibly afford them.
In this list, you will find several housing estates in Nigeria and their respective locations. Some could certainly be expensive and break your bank depending on your income level.
The Biggest Housing Estates In Nigeria
1. Gwarimpa Estate, Abuja
Known to be the largest single housing estate in Abuja and allegedly West Africa, the Gwarimpa housing estate takes the first place on our list.
The estate was built and commissioned by the Late General Sani Abacha and referred to as the largest housing estate in the whole of Africa at its inception. Occupying an expanse of land of about 1090 hectares, we can certainly agree to that.
Today the estate is home to a majority of civil servants in government offices. The estate is also home to several high commissions and embassies including the ECOWAS court which has an official quarter for the President and Members.
The average prices of property for sale in Gwarinpa estate is around N65 million with a 5 bedroom detached duplex costing around N90 million.
2. Festac Town, Lagos
With over 5,000 housing units, Festac Housing Estate sits comfortably at the number 2 spot in our list.
The housing estate was initially built to house participants of the Second World Festival of Black Arts and Culture of 1977. After the festival, the Federal Government Of Nigeria allocated landed properties and housing to the winners in the festival although they were forbidden from reselling or renting such properties.
Today, you can rent or buy landed properties in FESTAC, although you would want to be cautious as the area is known to house some of the most notorious of internet fraudsters.
The housing estate is also referred to as one of the best housing estates in Nigeria because it not only offers to house the rich but also to the middle and low-income levels which makes it one of the most affordable housing estates in Nigeria.
When it comes to prices of properties, you can get a 5-bedroom semi-detached duplex for about N65 million and 7-bedroom detached duplex for N90 million. Rental properties are also available and you can get 3-bedroom apartment t N1.3 million per year.
3. Sunnyvale Homes, Dakwo, Abuja
For the third spot, we are moving back to the Federal Capital Territory, Abuja. Sunnyvale is a large and fairly new estate in the bustling city of Abuja. The estate occupies an expanse of land of over 101 hectares and thousands of housing units.
Sunnyvale estate is located in Dakwo District of Abuja and features world-class utilities and comfort for the occupants including a shopping mall, dedicated police state, sports center, and a recreational building.
The estate offers every house type option from two bedroom bungalows to 4 bedroom detached duplexes. Prices of properties in Sunnyvale estate are on the expensive side as a 3-bedroom semi-detached bungalow could cost you as much as N21 million.
4. Friend’s Colony Estate, Lekki, Lagos
Friend’s Colony Estate is a fully serviced residential estate located in Lekki, Lagos. The estate is al a high-class estate as not only the properties in the setae are expensive but the day to day e.g power supply bills services would cost you a lot too.
Like most high-class estate, Friend’s Colony Estate boasts of world-class facilities including an adequate drainage system, 24-hour electricity, 24-hour security, a serene environment, and various other facilities.
The estate also has an iFitness gym and a swimming pool for its residents although you are required to pay a membership fee before being granted access.
Cost of property in Friend’s Colony Estate are expensive as you should expect, a 5 bedroom Detached Duplex could cost you about N90 million while a 4 bedroom Detached Duplex could cost you about N70 million. There are also rental properties in the estate as you can rent a 4 bedroom Detached Duplex for about N4 million per year.
5. Rainbow Town Estate, Port Harcourt
Probably the most expensive housing estate in the South-South region of Nigeria, the Rainbow Town Estate covers a land space of about 23 hectares.
Located in the Trans-Amadi business and industrial of Port Harcourt, Rainbow Town Estate is said to be the largest housing estate in Rivers State with a worth of N82 billion and about 1,181 housing units comprising of duplexes, bungalows, and high-rise luxury villas.
The estate consists of several towers including the 15-storey Point Block towers, comprising of nine blocks and 468 apartments; a 12-storey City Block towers comprising of 16 blocks and 640 apartments and a 15-storey tower which serves as a commercial hub, Movie Theater, shops, restaurants, motels, and a helipad.
The estate also boasts of many more facilities including a police state, fire station, a central station for power, water and sewer plants, a medical clinic, school and clubhouse.
6. RIVTAF Golf Estate, Port Harcourt
Known as the largest housing estate in the South-South region of Nigeria, the RIVTAF Golf Estate occupies an expanse of land of about 40 hectares. The luxury estate which targets high-income individuals boosts of excellent world-class utilities with excellent landscaping, drainage, and electrical system.
It also offers security and other recreational services, including a golf course, clubhouse, restaurants, shopping malls, and a swimming pool.
The estate consist of two phases; Phase 1 and Phase 2
Phase 1 consists of 708 units broken down into 608 2/3 bedroom apartments, 68 units of 4 bedroom apartments, 38 units of 4/5 bedroom duplexes.
Phase 2 consist of 120 units of 4/5 bedroom houses, 30 units of 4-bedroom townhouses, 180 plots of land and 9-hole golf course.
Buying a housing or landed property in RIVTAF Golf Estate is quite affordable as the management of the estate offers buyers flexible payment plans.
Prices of houses in RIVTAF Golf Estate depend on the facilities of the house and the Phase the house is located in. A 4-bedroom semi-detached duplex would go for N74 million, the same house would go for N61 million if it is located in the Phase 2 area.
7. Parkview Estate, Ikoyi, Lagos
Also known to be one of the safest estates in the city of Lagos, Parkview estate takes its place on our list.
The estate has reportedly had no case of theft in the past decade which is due to the top level security it offers, other facilities and services it offers include; constant electricity, several high-class hotels, adequate waste management system and a serene environment
Located in Ikoyi, Lagos, the Parkview estate is a highly luxurious estate built with the comfort of the rich and wealthy in mind, which means it is very expensive to live in such area.
The estate has a total of 400 housing units excluding the buildings and houses under construction and although Parkview is majorly a residential estate, there are several private firms who have their offices and guest houses located in the estate
Getting a property in Parkview estate isn’t cheap as a 3-bedroom apartment could cost you about N85 million while a 4-bedroom and 5-bedroom apartment would cost you N160 million and N250 million respectively. These prices are subject to change and you might get a 5-bedroom duplex at a higher price depending on the size of the house.
8. Nicon Town, Lekki, Lagos
Located in Lekki Peninsula, Lagos, Nicon Town is one of the biggest and most expensive residential estate locations in Lagos. The town was planned and built by Chevron Employees Multipurpose Cooperative Society (CEMCS).
Nicon Town occupies a land space of 57 hectares divided into over 400 plots. The residential estate is known for its luxury and world-class utilities. The estate is occupied by only high income earning individuals as they are the only class of individuals that could afford to rent or buy a house in the area.
At its inception, you could get a parcel of land in Nicon Town for about 5 million, but recently there has been an appreciation of property in Nicon Town and you would have to pay about N155 million more that same parcel of land.
The estate boasts of a serene environment, an adequate water management system, and drainage channels. It also has a beautiful natural landscape making it a go-to location for those who seek to relax.
Rental properties in Nicon Town could go as high as N2 million per year for a 3-bedroom house. The same house could cost you around N55 million if you choose to buy it instead.
9. Efab Estate, Lokogoma, Abuja
Although it is primarily located in Lokogoma Abuja, you can still find the Efab housing estate in other parts of the Nation’s capital.
The estate occupies a land space of about 60 hectares with over 800 housing units. These housing units consist of 5-bedroom duplexes, 4 and 3-bedroom detached bungalows and boys quarters in every housing unit.
The estate also boasts of its own world-class utilities and services which includes adequate waste management and drainage system, 24-hour electricity, treated water supply, schools, hospitals and spaces for shops.
Cost of property in Efab estate is quite expensive, although we can say that the cost meets the value due the world-class utilities the estate offers.
A 5-bedroom duplex could cost you between N70 million to N130 million while a 3-bedroom bungalow could go for as high as N40 million.
10. Crown Court, Mabushi, Abuja
Located in the Federal Capital Territory, Abuja, Crown Court housing estate consists of 106 units of detached and semi-detached luxury houses. The estates just like others in our list boast of world-class facilities and amenities including an Independent Power supply, an adequate waste management system, an underground drainage system, and adequate security.
The estate also has several recreational centers including clubhouses, swimming pools, and gyms. It has also has an Estate Mini mart and a Laundry mart.
That concludes our list of the Top 10 biggest estates in Nigeria, if you noticed, most of the biggest estates can be found in Lagos and Abuja with Gwarimpa and Festac Town being the biggest estates in Nigeria and West Africa.