BEST PLACES TO INVEST IN REAL ESTATE IN ASABA, DELTA STATE.

INTRODUCTION

Asaba, the capital of Delta State, is a city with a growing population and a vibrant economy. This makes it an attractive location for real estate investors. Property in Asaba is expected to see good returns, offering exciting oppotrunities for those looking to build their wealth.

WHY INVEST IN REAL ESTATE IN ASABA?

There are several reasons why Asaba is a good choice for real estate investors:

1. Growing Economy: Asaba is a major commercial and industrial center with a diverse economy. This attracts businesses and individuals to the city, creating a strong demand for housing and commercial space.
2. Infrastructure Development: The Delta State government is investing heavily in infrastructure projects, which is improving Asaba’s overall attractiveness and accessibility.
3. Relatively Affordable: Compared to other major cities in Nigeria like Lagos, Asaba’s real estate prices are still relatively affordable. This presents an opportunity for investors to get in on the ground floor before prices rise further.

Is it good to invest in Asaba real estate?

Asaba’s real estate market shows promise, but as with any investment, there are factors to consider. Factors such as market research, investment goals, and financial planning.

5 TOP PLACES TO INVEST IN REAL ESTATE IN ASABA

Here are five of the best places to consider for real estate investment in Asaba:

IBUSA: 

This is a city on the rise just outside of Asaba, Delta State, and it is attracting a lot of attention from real estate investors. It can be referred to as the new Ibeju-Lekki of Asaba. It’s proximity to the state Capital and easy access to different locations such as Okpanam and Benin-Asaba Expressway makes it the best place for real estate investment. If you are looking for a long term investment, it would be wise to consider this part of Asaba. 

But what exactly makes Ibusa such a hot property destination? Let’s dive into the factors that are shaping Ibusa’s development and why it might be the perfect spot for your next investment.

Some factors that influenced the development of this area:

1. Rapid Infrastructural development: The Delta State government has played a crucial role in driving Ibusa’s growth through significant infrastructure projects. The recent dualization of Ibusa Road is a prime example. This improved road network enhances connectivity within Ibusa and allows for easier travel to and from Asaba, making the area more attractive for businesses and residents alike.
2. Affordability: Compared to Lagos and Abuja, Ibusa in Asaba, offers significantly lower land prices. This makes it an attractive option for first-time investors or those looking to get more land for their money.
3. Land banking potential: With readily available land at relatively lower costs, Ibusa presents a great opportunity for investors to buy land and hold onto it for future development or sale at a profit.
4. Government initiatives: The Delta State government’s investment in infrastructure projects, like the Ibusa road dualization, has opened up the area for further development and made it more accessible.
5. Government Presence: The presence of notable governmental presence has greatly influenced the development of Asaba. Some of which are;

1. Immigration state headquarters.
2. Civil defense state headquarters.
3. Army Barracks.
4. Admiralty University of Nigeria.
5. Federal government girls college.

OKPANAM ROAD:

Okpanam town is witnessing a surge in development. The presence of key establishments like the Delta State Assembly and Shoprite Asaba Mall makes it attractive for both residential and commercial ventures. 

With its strategic location, growing infrastructure, and expanding commercial activity, Okpanam Road is poised for continued development. As Asaba progresses, Okpanam Road is likely to become a central hub, offering a vibrant mix of commercial and residential spaces.

Here are some factors that influenced the development of Okpanam Road.

1. Strategic Location: Okpanam Road serves as a crucial link, allowing for easy access to both Asaba’s center and surrounding areas. This strategic position attracts businesses seeking high visibility and convenient transportation options.
2. Proximity to Key Establishments: The presence of prominent landmarks like the Delta State Assembly and Shoprite Asaba Mall significantly influences the growth of Okpanam Road. These establishments generate a steady flow of traffic and create a demand for various amenities, attracting businesses and residents alike.
3. Developing Infrastructure: Asaba’s ongoing infrastructure upgrades are spilling over to Okpanam Road. Improved roads, better drainage systems, and reliable utilities create a more conducive environment for businesses and families, encouraging further development.
4. Expanding Commercial Activity: Okpanam Road is witnessing a surge in commercial activity. The presence of established businesses is attracting others, creating a synergy that benefits all. Warehouses, shopping centers, and office buildings are increasingly populating the landscape.
5. Residential Growth: The development of Okpanam Road isn’t limited to commercial ventures. The improved infrastructure and proximity to amenities are making it an attractive residential location. New housing developments catering to diverse needs are springing up, offering options for families and young professionals alike.
6. Investment Potential: Okpanam Road’s dynamic development makes it a magnet for investors. The potential for rental income and property value appreciation is high, attracting those seeking lucrative investment opportunities in Asaba’s real estate market.

GRA ASABA: 

The Government Reserved Area (GRA) is Asaba’s prime location, boasting established affluence and high-end properties.  GRA Asaba offers a unique opportunity for investors seeking a foothold in Asaba’s most prestigious neighborhood. However, due to the premium associated with the area, land and property prices are likely to be on the higher end.

Here are some factors that influence the development of GRA Asaba:

1. Planned Development: GRA Asaba was meticulously designed to provide a high-quality living environment. Wide roads, ample green spaces, and well-defined plots create a sense of order and exclusivity, attracting residents who value a sophisticated lifestyle.
2. Security and Amenities: GRA Asaba is known for its enhanced security measures, ensuring a safe and secure environment for residents. Additionally, close proximity to top-tier amenities like private schools, exclusive clubs, and healthcare facilities further elevates the desirability of the area.
3. Established Affluence: Over time, GRA Asaba has attracted prominent residents, businesses, and diplomatic missions. This concentration of wealth creates a self-reinforcing cycle, driving up property values and making the area even more sought-after.

UBULU-OKITI: 

Is a community along the strategic Asaba-Benin Expressway in Delta State, Nigeria, is transforming from a transit point to a developing hub. This location, coupled with emerging trends, positions Ubulu-Okiti as an area to watch for real estate investors.

Some factors that influence the development of Ubulu-Okiti.

1. Expressway Connection: The Asaba-Benin Expressway is a link between eastern and western Nigeria. Ubulu-Okiti’s prime location on this route exposes it to a high volume of traffic, fostering commercial activity and attracting businesses seeking high visibility.
2. Land Availability: Compared to developed areas of Asaba, Ubulu-Okiti offers more readily available land at competitive prices. This advantage entices developers seeking space for logistics hubs, or budget-friendly housing projects.
3. Investment in Housing: Recent projects like the proposed 1,000-unit housing scheme suggest growing investor confidence in Ubulu-Okiti’s potential. This investment in residential development can attract a new wave of residents and further stimulate the local economy.

Worthy to note: With development still in its early stages, Ubulu-Okiti offers the opportunity to invest at competitive prices before a potential surge in property values.

OGWASHI-UKU:

This is a town situated along the Asaba-Benin Expressway in Delta State, Nigeria, and presents a unique proposition for investors. Its rich cultural heritage and strategic location combined with recent developments creates an area poised for potential growth.

Here are some of the factors influencing Ogwashi-Uku’s development:

1. Proximity to Asaba: Ogwashi-Uku’s relative closeness to Asaba, the state capital, allows residents and businesses to benefit from the city’s economic activity and infrastructure. The ease of access fosters potential for growth and development.
2. Educational Institutions: The presence of the Delta State University College of Education (DELSUCOE) in Ogwashi-Uku creates a vibrant student population. This can drive demand for housing, restaurants, and other commercial establishments catering to the student market.
3. Land Availability: Compared to Asaba’s core, Ogwashi-Uku might offer more readily available land at competitive prices. This advantage can be attractive for developers seeking space for residential estates, commercial centers, or educational facilities.

Ogwashi-Uku sits at a crucial junction on the Asaba-Benin Expressway, a major transportation route. This high traffic volume creates opportunities for businesses catering to travelers, like hotels, restaurants, and service stations. 

Investing in these areas requires premium knowledge of what your investment goals are.

Some properties you can invest in these locations are;