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13 statistics for the Abuja real estate market in 2025

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Authored by the expert who managed and guided the team behind the Nigeria Property Pack

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What do the latest numbers reveal about Abuja’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Abuja, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.

Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

How this content was created 🔎📝

At The Africanvestor, we study the Abuja real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers throughout the place. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our statistics and data are reliable, we also dug into trusted sources like Naija Houses, Fraser Suites Abuja, and the Business Day (among many others).

We only include statistics that we can back up with credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave them out. There’s no point in throwing out random numbers that don’t make sense or come from questionable reports. Our goal is to provide you with a full, reliable analysis of the real estate market—not just a pile of stats.

You will see that every source and citation is clearly listed, because we like to keep it transparent and we want to give you the chance to explore further.

We also use a bit of AI, but only during the writing phase. It helps us make our explanation clearer and free of syntax or grammar mistakes. We believe you prefer it this way, right?

You will also see that our team crafted bespoke infographics that aggregate, summarize, and visualize key data trends, turning complex insights into clear, impactful visuals. We hope you will like them! All other illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) Demand for luxury apartments in Abuja rose by 8% in 2024

The demand for luxury apartments in Abuja saw an 8% increase in 2024.

This surge is largely driven by high-net-worth individuals and expatriates who are on the lookout for premium living standards. They are particularly drawn to modern amenities like smart home technology and beautifully landscaped gardens, which these luxury apartments offer.

Real estate developers have been quick to respond, constructing opulent villas, mansions, and exclusive gated communities. These developments are concentrated in high-demand areas such as Maitama, Asokoro, and Jabi, which have become prime locations for luxury properties.

These areas are not just popular; they are transforming into hubs of luxury living, attracting more interest and investment. The allure of these neighborhoods is enhanced by their proximity to key city amenities and their reputation for exclusivity.

As a result, the real estate market in Abuja is experiencing a boom, with developers and investors keen to capitalize on this growing demand. The trend is clear: luxury living is on the rise in the city, and it's reshaping the landscape of Abuja's real estate.

Sources: Next Gear NG, Mercy Homes, Next Gear NG

2) Rental yields in Abuja have risen by about 5% over the past year

Rental yields in Abuja have increased by approximately 5% over the past year.

Abuja is buzzing with activity as more people flock to the city, driven by significant population growth and urban migration. This influx means a higher demand for both homes and business spaces, naturally pushing rental prices up.

The Nigerian government is playing a big role here, too. By investing in infrastructure and amenities, they've made Abuja a more attractive place to live. This government support has improved the quality of life, drawing in more residents and businesses, which helps boost rental yields.

Then there are the prime spots like Maitama and Asokoro. Known for their luxury properties, these areas are hot tickets. They command higher rents because high-income tenants are willing to pay top dollar for these premium locations.

All these factors together are making Abuja's real estate market a promising venture. If you're considering buying property, the city's growing appeal and rising rental yields make it a smart choice.

Sources: Realty 360 Innovations, Mercy Homes

infographics map property prices Abuja

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Nigeria. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.

3) Short-term rental properties in Abuja increased by 8% in 2024

In 2024, short-term rental properties in Abuja increased by 8%.

This growth was fueled by a similar 8% rise in active listings, highlighting a strong demand for short-term rentals in the city. More property owners are jumping into the market, likely drawn by the potential for extra income.

The total number of available listings in Abuja saw a 3% increase, reaching 1,316. This uptick suggests that the market is becoming more attractive to property owners who see the benefits of short-term rentals.

Despite the increase in listings, the average occupancy rate was only 26%. This indicates that while the market is growing, there is still significant room for improvement in terms of occupancy.

The average daily rate for these rentals was $67, with a monthly revenue of $1,526. These figures show that while there is potential for profit, optimizing occupancy rates could further enhance earnings.

Property owners in Abuja are clearly seeing the potential, but there's still work to be done to maximize occupancy and revenue.

Source: AirDNA

4) Residential property prices in Abuja rose by 7% in 2024

In 2024, residential property prices in Abuja rose by 7%.

This increase is largely due to Abuja's rapid population growth and urbanization. As more people flocked to the city, the demand for housing surged, naturally driving up prices. The city's appeal was further enhanced by major infrastructure projects like the Abuja Light Rail and expanded road networks, which improved connectivity and made Abuja more attractive to both residents and investors.

Government initiatives also played a significant role in this trend. The Abuja Master Plan and various housing schemes provided a framework for growth, contributing to the rise in property values. These initiatives opened up new opportunities for development, making the city a hotspot for real estate activity.

The luxury property market in Abuja also saw notable growth. High-net-worth individuals and diplomats fueled demand for upscale properties, adding another layer to the overall increase in property values. This segment of the market has become increasingly important, reflecting the city's growing status as a desirable location for affluent buyers.

Moreover, the city's ongoing development projects have made it a more attractive place to live and invest. Improved infrastructure and connectivity have not only enhanced the quality of life for residents but also increased the city's appeal to investors looking for promising opportunities.

Overall, these factors combined to create a dynamic real estate market in Abuja, with property prices reflecting the city's growth and development. The interplay of population growth, government initiatives, and luxury market demand has shaped the landscape, making Abuja a key player in the real estate sector.

Sources: Next Gear, Airealent, Next Gear

5) Over 50% of residential developments in Abuja in 2024 were privately funded

In 2024, over 50% of residential developments in Abuja were privately funded.

This trend was largely due to the booming commercial property market, which saw significant growth thanks to private sector investment. Private funding was a major player in driving real estate development, making it a key component of Abuja's evolving landscape.

With Abuja's population on the rise and urbanization accelerating, there was a surge in demand for affordable housing. Private developers seized this opportunity, focusing on building rental properties to cater to this growing need. Their active involvement was crucial in meeting the housing demands of the city.

While government initiatives like the MOFI Real Estate Investment Fund aimed to tackle the housing deficit, they primarily offered affordable mortgages and long-term financing. This left a gap in direct funding for construction projects, which private investors were quick to fill, further boosting their role in residential development.

Private investors found a lucrative opportunity in Abuja's real estate market, stepping in where government funding was limited. Their contributions were essential in shaping the city's residential landscape, as they provided the necessary capital for construction projects.

In summary, the combination of a thriving commercial market, high demand for housing, and limited government funding created an environment where private investment became indispensable in Abuja's residential development scene.

Sources: Next Gear Group, NaijaHouses

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6) Luxury apartment demand in Abuja increased by 8% in 2024

In 2024, the demand for luxury apartments in Abuja grew by 8%.

This surge was fueled by high-net-worth individuals and diplomats who were drawn to Abuja's upscale living and business prospects. The city has become a magnet for those seeking a blend of luxury and opportunity.

Moreover, ongoing infrastructure development played a crucial role in this growth. Enhanced road networks and improved connectivity made Abuja increasingly appealing to both homebuyers and investors.

Government initiatives also contributed significantly. By focusing on urbanization and infrastructure, the government has boosted the real estate market, particularly the luxury segment, making it a hot spot for investment.

These developments have positioned Abuja as a prime location for luxury real estate, attracting a diverse range of buyers and investors who are eager to capitalize on the city's growth.

Sources: NextGearNG, NextGearNG

7) Over 25% of housing developments in Abuja in 2024 featured gated communities

In 2023, gated communities in Abuja gained popularity as people sought safer living environments.

These communities offered a sense of security and exclusivity, especially appealing to wealthy individuals and diplomats. New neighborhoods and luxury developments prominently featured these gated setups. For instance, Grenadines Homes launched Rockhampton Residences, a luxury gated community designed to provide sustainable urban living.

Abuja's real estate market was evolving, with luxury properties increasingly incorporating gated communities. This trend was part of a broader movement focusing on sustainability and green buildings. Developers aimed to attract those who valued both security and environmental consciousness.

In 2024, over 25% of Abuja’s housing developments included gated communities, reflecting a significant shift in the market. This was not just about luxury; it was also about creating controlled environments that offered peace of mind to residents.

Gated communities became a key feature in Abuja's real estate landscape, integrating elements of sustainability and affordability. This approach catered to a diverse range of buyers, from affluent individuals to those seeking eco-friendly living options.

As the demand for secure and sustainable living spaces grew, developers increasingly prioritized gated communities in their projects. This trend was a response to the evolving needs of the market, emphasizing both safety and modern living standards.

Sources: Next Gear Group, Wikipedia

8) Over 35% of housing projects in Abuja featured modern energy-efficient designs in 2024

In 2024, over 35% of housing projects in Abuja featured modern energy-efficient designs.

This shift was fueled by the city's rapid urbanization and economic diversification, pushing developers to offer high-quality housing solutions that cater to both affordable and luxury markets. The trend towards sustainable architecture was evident, with many projects integrating renewable energy technologies like solar power to reduce energy consumption.

Designs that optimized natural ventilation and lighting became more common, decreasing reliance on artificial systems. This not only made homes more comfortable but also more environmentally friendly. Green building practices gained momentum, with developers focusing on minimizing environmental impact by using locally sourced, eco-friendly materials.

Incorporating green infrastructure, such as rainwater harvesting systems, became a standard practice. These efforts contributed significantly to the increased adoption of energy-efficient designs in Abuja's housing projects. The commitment to sustainability was clear, as developers sought to balance modern living with environmental responsibility.

As a result, the real estate landscape in Abuja is evolving, with a strong emphasis on sustainability and efficiency. This transformation is not just a trend but a necessary adaptation to the growing demands of urban living. The focus on energy-efficient designs is reshaping the way housing projects are conceived and executed in the city.

Sources: Mshel Homes, WJARR

infographics rental yields citiesAbuja

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Nigeria versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

9) Property prices near Abuja’s international schools increased by 6% in 2024

In 2024, properties near Abuja's international schools saw a 6% price increase.

This rise is part of a larger trend in Abuja's real estate market, driven by several key factors. One of the main reasons is the growing demand for housing as more people move to the city. Families and professionals are particularly interested in homes close to quality schools, which naturally pushes up prices in these areas.

Infrastructure development has also played a significant role. Projects like the Abuja Light Rail and expanded road networks have improved connectivity, making neighborhoods near international schools more appealing to buyers and investors.

These improvements mean that areas once considered remote are now easily accessible, adding to their attractiveness. As a result, properties in these locations are not just homes but smart investments.

Moreover, the influx of new residents has led to a diversification of property types, catering to different needs and preferences. This variety further fuels the market's growth, as people have more options to choose from.

Overall, the combination of increased demand, better infrastructure, and diverse property offerings has made the real estate market in Abuja particularly dynamic in 2024.

Sources: Next Gear, Naija Houses

10) The cost to build a 4-bedroom house in Abuja increased by 10% in 2024

The average cost of constructing a 4-bedroom house in Abuja rose by 10% in 2024.

Abuja's real estate market is buzzing, thanks to government initiatives and infrastructure development. This boom has sparked a surge in housing demand, naturally nudging prices upward.

Land acquisition isn't getting any cheaper either. The rising costs of land are a big piece of the puzzle, making it pricier to build your dream home.

Construction materials are also feeling the pinch. With increased prices for essential materials, builders are facing higher expenses, which trickle down to buyers.

Labor costs have climbed too, adding to the overall expense. The competitive market environment means skilled workers are in demand, driving wages up.

All these factors together are shaping a more competitive market, where every element of building a home costs more than it did before.

Sources: Naija Houses

11) Over 25% of luxury housing in Abuja in 2024 featured recreational facilities

In 2023, Abuja's real estate market was on fire, driven by government initiatives and infrastructure development.

High-net-worth individuals and diplomats were particularly drawn to Abuja's luxury housing. They were on the lookout for properties that offered a range of amenities to suit their upscale lifestyles.

Take Fraser Suites Abuja, for example. This luxury hotel apartment complex boasted a swimming pool, a fully-equipped gym, and landscaped gardens. Such features were becoming the norm in Abuja's luxury properties.

In fact, more than 25% of luxury housing in Abuja in 2024 included recreational facilities, making them highly attractive to potential buyers.

These amenities weren't just extras; they were essential for those seeking a certain standard of living. The demand for properties with recreational facilities was a clear trend in the market.

As Abuja continued to grow, the inclusion of these facilities in luxury housing became a key selling point, reflecting the evolving needs of buyers.

Sources: Fraser Suites Abuja, Next Gear NG, Naija Houses

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12) At least 20% of new developments in Abuja in 2024 featured green spaces

In 2024, at least 20% of new developments in Abuja included green spaces.

This shift is largely due to sustainability initiatives that have gained momentum in the city. As highlighted in the ETIC Journal, these initiatives focus on urban planning that not only incorporates green spaces but also emphasizes energy efficiency and improved public transportation.

The real estate market in Abuja is also seeing a growing demand for sustainable development. According to NaijaHouses, while they didn't specify the exact percentage of developments with green spaces, the market's emphasis on sustainability indicates that developers are increasingly integrating these features to align with consumer expectations.

Next Gear Group has pointed out that sustainable development, including green building practices, was a significant trend in 2024. This naturally led to the inclusion of green spaces as a key component of new projects, even if the exact numbers weren't detailed.

For potential property buyers, this means that green spaces are becoming a standard feature in new developments. This trend not only enhances the aesthetic appeal of properties but also contributes to a healthier living environment.

As Abuja continues to grow, the integration of green spaces in urban planning is expected to play a crucial role in the city's development. This focus on sustainability is not just a trend but a necessary evolution in response to environmental and consumer demands.

Sources: ETIC Journal, NaijaHouses, Next Gear Group

13) By 2025, housing demand in Abuja is expected to increase by 8% due to urbanization

By 2025, housing demand in Abuja is projected to grow by 8% due to urbanization.

Abuja's allure lies in its economic opportunities and political stability, drawing people in search of better jobs and living conditions. This influx is pushing up property prices, especially in sought-after areas like Maitama, Asokoro, and Gwarinpa. Despite government efforts to make housing affordable, high land and construction costs and limited mortgage options are hurdles.

These challenges have led many to opt for rentals, as buying a home remains costly. The construction boom in 2023 and 2024, fueled by government and private projects, has introduced new housing options. Yet, rents and property prices continue to soar, impacting both urban and suburban areas.

In high-demand neighborhoods, the shortage of affordable housing is evident. The city's rapid growth has not only increased demand but also highlighted the need for more accessible housing solutions. Government-backed projects aim to address this, but the gap persists.

As more people flock to Abuja, the pressure on the housing market intensifies. The city's appeal is undeniable, but the reality of finding affordable housing is a challenge many face. Rental properties are becoming a dominant choice for residents navigating this landscape.

With urbanization driving demand, the real estate market in Abuja is at a pivotal point. The balance between supply and demand is delicate, and the coming years will be crucial in shaping the city's housing future.

Sources: Housing TV Africa, Next Gear NG, Business Day

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.