Lagos-Calabar Coastal Road Boosts Property Values in Eko Atlantic City and Bluewater Okunde

The article discusses the impact of the Lagos-Calabar Coastal Road on property values, focusing on areas like Eko Atlantic City and Bluewater Okunde. The infrastructure development is attracting investor interest, with market data showing a significant rise in land values along the corridor.

The road is enhancing access to key areas like Victoria Island and Eko Atlantic City, leading to a surge in property prices. Analysts predict a substantial increase in property values by 2029, with two-bedroom apartments in Eko Atlantic City expected to reach 1.8 million while units in Bluewater Okunde may trade around 1.2 million.

Keji Giwa, CEO of Digit Landlord, highlights the potential for strong returns for early investors in these projects, particularly appealing to Nigerian diaspora investors. The corridor's development is seen as a key driver for attracting high-net-worth individuals and institutional investors seeking asset diversification.

The coastal road is creating a new coastal district that is positively impacting the real estate market, positioning Lagos as a competitive player in the global waterfront property market.