Eko Development Company Limited, the real estate firm behind Azuri Towers in Eko Atlantic City, Lagos, has said that real estate investment remains the best way for Nigerians to protect the value of their savings as inflation and interest rates continue to rise. The company made this known in its latest promotional brochure, where it described Azuri Towers as a prime investment asset offering attractive rental yields and potential for capital appreciation.
According to the company, an apartment in Azuri Towers offers a projected rental yield of 6 per cent per annum, making it a solid option for investors who are looking to preserve the value of their money amid Nigeria’s tough economic climate. It said, “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.”
Eko Development added that Azuri Towers is not just about rental income. The property, which is part of a broader plan to build luxury homes in Eko Atlantic City, is also expected to deliver capital gains over time. The company said the Marina District of Eko Atlantic, where the towers are located, was carefully designed to support an upscale lifestyle and to serve as a centre for living, working, recreation, and investment. The area is surrounded by three water bodies and includes wide pedestrian spaces and modern infrastructure.
The developer said the Azuri Towers are being built to world-class standards and are expected to offer unmatched living experiences. The Azuri One Tower, which will stand at 145 metres when completed, is set to become the tallest residential building in West Africa and the second tallest in Nigeria. The Azuri One apartments start from the 6th floor and are fully equipped with smart controls. The tower will also include four floors for parking and commercial spaces like restaurants and retail stores on the first four floors.
Eko Development noted that the Azuri One tower enjoys views of both the Atlantic Ocean and Eko Atlantic City, while Azuri Two, the second residential tower, has a unique design facing a quiet garden-piazza with marina views. Azuri Two has more apartments than Azuri One and features 3-bedroom and 4-bedroom flats with sizes of 186 square metres and 228 square metres, respectively. The building also includes a penthouse on the 29th floor with a size of 856 square metres. Like Azuri One, the apartments in Azuri Two start from the 6th floor, and each unit comes with a separate service quarter.
Residents of both towers will share high-end amenities such as a swimming pool, gym, and squash court. The third tower in the project is Azuri Offices, a 32-floor office building that will offer modern business spaces with features like fibre optic connections and SMATV systems. The office building is designed to take advantage of the state-of-the-art infrastructure available in Eko Atlantic City.
The company said average rental income for apartments in Eko Atlantic City is around ₦60 million per year, based on market research. It believes Azuri Towers is well-positioned in the city’s Marina District to offer even higher returns for buyers. Eko Development described the entire project as a hidden gem that provides a mix of luxury, security, comfort, and solid returns for those who choose to invest in the development.
As economic uncertainties continue to pressure traditional savings and investment options, many Nigerian investors are turning to real estate for long-term value. Eko Development believes Azuri Towers stands out as a safe and profitable place to put money, especially for high-net-worth individuals looking to hedge against inflation and currency devaluation.
