hi nairalanders

appraisal of Abuja as a model and capital city of Nigeria cannot seize to dazzle and amaze the real estate sector with its growth in leaps and bounds on daily occurrence.
The impending development seeks to define Abuja in the line of world class cities, with its various HUBS of economic and social activities.
JABI province, has being under search light over the past and presently under focus, as international investors from south Africa (mutual investment groups, duval properties limited and Louis karol architect) are proposing to upgrade jabi lake to int’l tourist resort with a 5 star hotel of 400 rooms, luxurious office suites and many more. They also aim to achieve these by re-dredging the lake. The intended project cost is a whopping $1.5b, with 75% of the fund on stand-by. They are to commence by October this year with a duration period of 2 years.

Read the below link for full details
      http://www.vanguardngr.com/index.php?option=com_content&task=view&id=13753&Itemid=47


real estate implication

1. Jabi becomes a socio-economic HUB
2. Land and landed properties value increase astronomically
3. Fast track the site and services of adjoining areas.
4. There will be ripple and externality effect 1000m (least) radius off jabi e.g utako, mabushi, lifecamp, dakibiu, gwarinpa, katampe main and extention, kado, jahi and karimu

SERVICED AREAS AMONG THESE

Utako, gwarinpa, lifecamp (berger), kado


AREAS UNDERGOING SERVICES

Karimu (NDIC & CAC QTR area) and katampe ext.,

The most affected pressured area will be kado, utako, mabushi, gwarinpa and life camp others follows.

hakir
onivehu2000@yahoo.com
08069585568

Hello Hakir,

Consider this as me thinking aloud but wanting a response from a knowledgeable source. About the Jabi lake project how far is it coming now? Are the investors and Duval properties still on it? Because I don't see any progress.

I would appreciate a reply and possibly the reason for the slow or stopped work on the lake thanks.