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As Nigeria continues to grapple with rising inflation and soaring interest rates, Eko Development Company Limited has positioned real estate as a secure hedge for investors, spotlighting Azuri Towers as a prime opportunity in the heart of Eko Atlantic City.
Azuri Towers is a luxury residential and commercial development that offers a projected rental yield of 6 percent per annum, an attractive return in the current economic climate in the country.
“With high inflation and low savings interest rates in Nigeria, real estate investment provides the best store of value,” the company stated, adding, “an investment in an Azuri Towers apartment ensures the preservation of hard-earned savings.”
Azuri Towers is located in the Marina District of Eko Atlantic City, an emerging high-end urban community being built on reclaimed land from the Atlantic Ocean. The district boasts stunning waterfront views, modern infrastructure, and pedestrian-friendly design aimed at offering a lifestyle of comfort, security, and convenience.
Read also: Inside Azuri One, West Africa’s tallest residential tower
The development comprises three towers, Azuri One, Azuri Two, and Azuri Offices. Azuri One, standing at 145 metres, is set to become the tallest residential building in West Africa upon completion.
It features smart-controlled apartments, starting from the sixth floor, crafted with premium materials, and complemented by four levels of parking and lower-floor commercial and retail outlets.
Azuri Two, the second residential tower, offers 3- and 4-bedroom apartments, including a penthouse spanning 856 square metres.
Overlooking a private garden piazza, the tower shares lifestyle amenities such as a swimming pool, gym, and squash court with Azuri One. Each apartment also includes a dedicated service quarter.
According to Eko Development, Azuri Towers’ Marina District location supports significant capital appreciation, with similar properties in Eko Atlantic commanding minimum annual rental incomes based on private market research.
The third tower, Azuri Offices, is a 32-floor commercial high-rise building equipped with fibre-optic internet, SMATV, and other state-of-the-art amenities, designed to meet the demands of modern businesses.
The office tower has 27,000 square metres of office space, comprising a shopping mall in the first two floors that will cater for the immediate needs of the residents of the Azuri residential community.
Expectation is that the tower will create thousands of jobs for all categories of workers. The shopping mall alone is expected to create hundreds of jobs that will impact families and the economy significantly.
It is also expected that the office tower will create opportunities not only for investors, but also for hi-tech companies that will be leveraging the city’s self-sustaining infrastructure for international business.
“Azuri Two shares the common facilities, including a swimming pool, gym, and squash court, which are also available to the residents of Azuri One. Each of the apartments comes with 1 service quarter, which is also located outside the main apartments.
