Eko Development Company Ltd, the real estate firm developing Azuri Towers, has stated that with the high inflation rates in Nigeria, as well as interest rates, real estate investment provides the best store of value in the Nigerian economy.
In the company’s brochure, it was stated that an investment in an Azuri Towers’ apartment, which projects a rental yield of six per cent per annum, represents an ideal option to preserve the value of hard-earned savings.
It stated, “With high inflation rates in Nigeria and savings interest rates, real estate investment provides the best store of value in the Nigerian economy. An investment in an Azuri Towers’ apartment, which projects a rental yield of six per cent per annum, represents an ideal option to preserve the value of hard-earned savings.
“Azuri Towers, our premier world-class development, is part of a long-term program aimed at creating exceptional homes with luxurious living. Its idyllic location in the Marina District of Eko Atlantic City combines the tranquillity of three water bodies with a sophisticated, pedestrian-friendly urban centre, ensuring residents enjoy a lifestyle befitting Kings and Queens and a wealth of amenities in a secure environment.
The Marina District has been designed as a privileged place to live, work, play, and invest.
“On the capital growth, with a starting price of $425,000, an Azuri Towers’ apartment offers the potential for significant growth in asset value. The capital invested in an Azuri Towers’ apartment will hold its value with the likelihood of an upside in the short to medium term. The minimum annual rental income for similar apartments within Eko Atlantic City is circa N60M per annum, based on average referenced rental data from privately obtained research. The prime location of Azuri Towers, in the Marina District of Eko Atlantic City, makes it a choice real estate asset/investment to have in one’s real estate portfolio.
“Azuri Offices is Azuri Towers’ dedicated high-tech office tower. The modern 32-floor building will have state-of-the-art amenities such as fibre optic data connections and SMATV that take unique advantage of Eko Atlantic’s existing, selectively preconceived infrastructure.”
Addressing the residential space, the brochure revealed that with the views, Azuri one sits at a unique advantage, crowned by its magnificent villa, living up to its aim of world-class luxury lifestyle.
“On completion, the Azuri One Tower, standing at 145 meters, will be the tallest residential tower in West Africa and the second tallest building in Nigeria. The tower is the one facing the Marina directly. The Azuri one apartment starts from the 6th floor and is all smartly controlled. Each of the apartments is dedicated to luxury, with only the finest quality of material being used. There are four levels of parking. The commercial/retail stores and restaurants are located on the first 4 floors of the towers
“Azuri Two reflects the elegant lifestyle that the development offers in the charming Marina District of the new Eko Atlantic City. A hidden gem, nestled between its sister towers, Azuri Two’s demure character is evidenced in its architecture, which celebrates its position overlooking a delightful secluded garden-piazza with stunning marina views. Azuri Two Tower, the second residential tower, is the smaller one with more apartments. The Tower is angled between Azuri One and Azuri Offices. Azuri One has a view of both the Atlantic Ocean and the City (Eko Atlantic). Azuri Two consists of 3 and 4-bedroom apartments with floor sizes of 186 sqm and 228 sqm, respectively. There is also 1 Penthouse with a floor size of 856 sqm on the 29th floor, and the apartment starts from the 6th floor.
“Azuri Two shares the common facilities: a swimming pool, gym, and squash court, which are also available to the residents of Azuri One. Each of the apartments comes with 1 service quarter, which is also located outside the main apartments.
