Press Releases

Eko Atlantic City Redefines Luxury Living with Le Rêve’s Exclusive Waterfront Residences

Eko Atlantic City is redefining Lagos’ luxury real estate scene with its latest high-end development, Le Rêve — a stunning 16-storey residential tower poised to set new standards for upscale living. Nestled in the Harbor Lights region of the ambitious city built on reclaimed land from the Atlantic Ocean, the project offers breathtaking views, world-class infrastructure, and investment-friendly policies that make it a prime opportunity for discerning buyers.

A Vision of Luxury

Tosin Soile, Managing Director of August Crossing Limited, shared insights into what makes Le Rêve unique. “We’re curating an exclusive collection of four-bedroom and three-bedroom maisonettes, with spacious layouts, floor-to-ceiling windows, and high ceilings to create an airy, elegant atmosphere. Residents will enjoy top-tier amenities, including a fully equipped gym, a serene swimming pool, and a dedicated children’s play area — all designed to complement a refined lifestyle,” he explained.

Read:  Catch all the details you missed from Heineken LFDW with Vimbai Mutinhiri

Construction began in late 2022, with full-scale building kicking off in 2024. The project is expected to be completed by the fourth quarter of 2026.

Free Zone Advantage

Eko Atlantic operates as a Free Trade Zone, providing developers with tax incentives, investment protections, and a streamlined regulatory process. According to Soile, this unique status accelerates property development and offers financial advantages to investors. “The approval process is much faster here. Developers first get clearance from South Energyx Nigeria Ltd., Eko Atlantic’s master developer, before seeking approvals from Lagos State regulatory bodies,” Soile noted.

A Solid Investment

With a $25 million development cost, the project promises a solid return for investors. “We’re projecting over 50% ROI in USD within two years. The demand for premium properties in Eko Atlantic is rising, and capital appreciation is almost guaranteed,” Soile said.

Buyers of Le Rêve units include high-net-worth individuals, diaspora investors, corporate executives, and real estate enthusiasts seeking strong capital appreciation. Prices start at $550,000 for a three-bedroom maisonette and $730,000 for a four-bedroom maisonette. The development is already 50% subscribed, with values expected to rise significantly by completion.

Read:  Water Transportation: Lagos Scales Up Work On Nine New Jetties, Four Ferry Routes

Blending Local and International Expertise

Le Rêve brings together a mix of local and international expertise. YasNas handled the piling work, Buildisa — known for its work on Eko Pearl — is the main contractor, and specialists like CCL INT, Archico Consults, OCAD, Redworks, and The Building Estimator have joined forces to ensure the project meets global standards.

Read:  CFA's Startups Hangout: Building the Right Relationships & Partnerships

A City of Possibilities

Eko Atlantic City is not just about luxury; it’s about creating a secure environment where investment flourishes. The city boasts uninterrupted power, high-speed internet, and efficient drainage systems. Additionally, its climate resilience, ensured by the Great Wall of Lagos, protects properties from rising sea levels.

With its prime location, secure land ownership backed by the Lagos State Government, and the ability to conduct transactions in USD, Eko Atlantic is rapidly becoming a preferred destination for investors seeking both luxury and financial returns.

Le Rêve stands as a testament to Lagos’ evolving skyline and offers a glimpse into the future of Nigerian real estate — bold, resilient, and ready for the global stage.

Related posts

World Cancer Day: Lagos To Test 210,000 Women For Cervical Cancer Free Of Charge.

NigGal

Applications open for HiiL’s Innovating Justice Challenge.

NigGal

Group launches free coronavirus testing app in Nigeria

NigGal

The FATE Institute of FATE Foundation launches State of Entrepreneurship in Nigeria 2022 Report.

NigGal

Journalist receives Nestlé Prize for Nutrition Reporting at DAME Awards

NigGal

Saro the Musical

NigGal

Leave a Comment