For Nigerians seeking a safe haven for their wealth, Dubai is emerging as a prime destination, offering dollar-denominated returns, zero taxes, and long-term residency opportunities through its Golden Visa scheme.
This was the focus at a cocktail reception in Lagos, where LifeCard Group and Azizi Developments are partnering to offer dollar-denominated offshore investments opportunities for Nigerians looking to diversify their investment portfolios by exploring Dubai’s property market.
“Dubai has shown consistent economic strength, with its currency remaining stable for over 38 years. It’s an environment where investors can enjoy capital appreciation of over 10 percent, without the burden of tax, while securing long-term value for themselves and their families,” Grace Ofure Ibhakhomu, CEO, LifeCard Group stated.
Ibhakhomu, who is also an African consultant on global real estate and a Harvard-trained investment strategist, urged wealthy Nigerians to diversify their assets and stressed that beyond strong financial returns, Dubai guarantees safety and investor protection.
“Dubai is a safe haven for investors. The laws are clear, over 516 nationalities coexist peacefully, and the government ensures that investors are protected. Even countries in conflict still have their citizens living together in Dubai. That stability is why global names like Donald Trump are developing luxury towers there,” Ibhakhomu stated.
She also revealed that with Azizi’s offerings, Nigerians could access properties at lower service charges, enjoy transparency in documentation, and qualify for the 10-year Golden Visa once their investment threshold hits $550,000.
Explaining the partnership choice, Ibhakhomu stated that Azizi Developments was selected for its credibility and investor-focused structure. “Azizi is an investor-driven company. They don’t just build and hand over properties; they manage rentals, resales, and ensure investors get their returns. That kind of structure builds trust.”
Audrey Joe-Ezigbo, co-founder and deputy managing director, Falcon Corporation, in a keynote address stated that real estate has the tool for building generational wealth.
“When we look at our society, we see families destroyed by disputes over inherited properties. Many fall back into poverty. Globalization gives us a safer route, investing not just in naira, but in dollars, as a safeguard for the future,” she said.
Saad Khaled, regional director, Azizi Developments, stated that the firm has delivered over 40 projects in Dubai since 2008, and it is keen to tap into Nigeria’s huge market.
“Partnering with LifeCard helps us bring Nigerians into Dubai’s property market with confidence. Investing here secures their future, as they earn in dollars rather than in currencies that fluctuate.”
