As Nigeria continues to battle rising inflation and soaring interest rates, Eko Development Company Limited has highlighted real estate as a stable hedge for investors, positioning its flagship luxury project, Azuri Towers, as a solid opportunity in the heart of Eko Atlantic City.
The company made this known in a statement promoting Azuri Towers, a high-end residential and commercial development within the Marina District of Eko Atlantic. With a projected annual rental yield of 6 percent, Eko Development says Azuri Towers offers an attractive return in today’s uncertain economic environment.
“In the face of high inflation and low returns on savings, real estate is the safest store of value,” the company stated. “An investment in an Azuri Towers apartment is a smart way to preserve your hard-earned savings.”
Azuri Towers comprises three towers: Azuri One, Azuri Two, and Azuri Offices. Azuri One, when completed, will stand at 145 metres and become the tallest residential tower in West Africa. The tower features smart-controlled apartments, high-quality finishes, and premium amenities. From the sixth floor upwards, it offers luxurious living spaces, supported by four levels of parking, retail outlets, and commercial spaces on the lower floors.
Azuri Two provides 3- and 4-bedroom apartments and a luxury penthouse stretching across 856 square metres. Residents of both residential towers enjoy shared lifestyle amenities, including a private garden piazza, a swimming pool, a gym, and a squash court. Each apartment comes with a dedicated service quarter, located outside the main living area.
Eko Development also pointed out the Marina District’s prime location as a major driver of long-term capital appreciation. The waterfront neighbourhood is part of the broader Eko Atlantic City, an emerging urban area built on reclaimed land from the Atlantic Ocean. The city boasts modern infrastructure, advanced security, and walkable design, targeting high-end residential and commercial users.
The third tower, Azuri Offices, is a 32-floor commercial high-rise fitted with fibre-optic internet, SMATV, and other advanced facilities to support modern businesses. It offers 27,000 square metres of office space, including a shopping mall on the first two floors to cater to the Azuri residential community.
The commercial tower is expected to generate thousands of jobs across various sectors, with the shopping mall alone forecasted to employ hundreds of workers, thereby positively impacting families and the local economy.
Eko Development noted that Azuri Towers would attract both local and international investors, including high-tech companies and corporate tenants, who can benefit from Eko Atlantic’s self-sustaining infrastructure and business-friendly environment.
As more Nigerians look for safe and reliable investment vehicles amid economic uncertainty, Azuri Towers is being presented as a compelling option. According to Eko Development, the combination of modern design, location advantage, high-quality construction, and guaranteed rental yields makes the development a prime hedge against inflation and currency depreciation.
