Nigeria: Merit Abode Puts Emrald Garden City in Real Estate Market

26 May 2020

The Lagos and Ogun states property markets now have an addition known as Emerald Garden City Series, designed as Nigeria's first privately owned estate that would provide the middle class with premium home luxury, comfort and security.

According to a statement by the promoter, Merit Abode Nigeria Limited, a property development company, the new development is conceived to provide affordable residential properties and to create a safe haven for individuals and families across Lagos and Ogun states, particularly for investors and aspiring home owners.

The statement said the company has targeted five prime communities, including Simawa, Mowe-ofada, Ikorodu and Agbara for the mainland development and Ibeju Lekki for the Island development of the Emerald Garden City Series.

Chief Executive Officer of Merit Abode, Mr. Oludotun Oseni stated that the company offers an innovative real-estate based investment solutions that intelligently and ethically leverage the current crises in the economy, to empower investors and enable them actualised high returns in their real estate investments with low-risk exposure.

He also stated that the development would be a reference point for future residential developments in the property market, adding that the company, through the Emerald Garden City Estate would make available over 100 acres of livable spaces to middle class Nigerians to build and occupy, thereby facilitating the development of over 1,000 housing units within the next 24 months.

"Merit Abode is committed to providing affordable homes to Nigerians locally and in diaspora. We are taking intelligent steps in tackling the housing crisis in the economy by exploring viable suburban communities within close proximities to commercial city centrals and ensuring the availability of affordable residential homes of the highest standards to Nigerians that are willing and able to buy," Oseni Stated.

The General Manager, Mrs. Ofure Oseni, stated that the company carefully selected the communities for Emerald Garden City estates and that since its introduction in 2013, the company has sold out over 5 phases across all communities. The current available Emerald Garden City estates include: Emerald Garden City, Simawa, Phases 1, 2, 3, 4 and 4B; Emerald Garden City, Mowe Ofada, Phases 1 and 3; Emerald Garden City Agbowa Ikorodu and Imota, Ikorodu; Emerald Garden City, Agbara; and Emerald Garden City, Ibeju Lekki, Phases 1, 2 and 3.

She also stated that the development provides great opportunities for Investors as early investors have recorded over 400% returns on their initial investment since 2013 till date.

"The company provides a range of development options to home seekers looking to buy into any Emerald Garden city. Buyers are availed with options ranging from different 300sqm, 450sqm and 600sqm land sizes, 1 to 4-bedroom bungalows, apartments, duplexes and terrace houses for which the company constructs fully and delivers the keys to buyers within as little as 12 months.

"All estates owned by the company are duly registered in their respective states and all have valid title documentations to ensure the security of buyers and investors," the statement said.

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