Renting Flats is Overtaking Buying on the Property Market
A well-developed area that still retains its natural vegetation, Ajah continues to attract development and a large population given the availability of utilities particular to houses dotting its verdant landscape when relating it to other areas of Lagos state.
Located after the Lekki Axis of the Lekki-Ajah expressway in Lagos State, the serene Ajah neighbourhood also boasts ample residential options for real estate investors and house hunters looking for a premium residential choice. These consist of land, houses and flats for rent and for sale of varying designs and proportions.
Over the years, the Ajah landscape has been transformed, with a tertiary institution, hotels, retail brands and commercial activity joining the residential hubs within an area that enjoys proximity to the Lekki and Epe neighbourhoods. Subsequently, the value of houses and flats has appreciated significantly in recent years, making it more economical to settle for and apartment for rent rather than buying a property outright.
Apart from being close to the Lekki Lagoon, private estates like Olorunishola, Femi Okunnu and the Victoria Garden City are prominent along the major expressway leading to Ajah. The viability of this location for hospitality has attracted hospitality brands like the Peninsula and Oakwood Protea Hotels that are situated before the state-owned Abraham Adesanya Estate, a popular Ajah landmark.
Flats for Rent Ajah have Never Been Better
Other prominent Ajah estates include Budo Peninsula, Olokonla, Fidiso and Crown Estates to mention a few.
Ajah is home to the main campus of the Pan Atlantic University, which runs the popular Lagos Business School, and the Ikota Shopping Complex which is suitable for purchasing consumables, art and other residential needs.
All Ajah locations are accessible via an arterial network of state-owned roads, a two-bedroom flat for rent in VGC goes for ₦ 6,000,000 per annum, while a self-contained space in Ajah costs around ₦ 180,000 per annum to let. As a location boasting ample development, Victoria Garden City commands premium prices for its array of well-finished apartment options. Topping the list of reliable utilities present is a good drainage system that has made living easier for residents since the highbrow location was created in the nineties.
Ajah is home to the recreational hotspot called Atica Beach. There are also other weekend getaways for prospective residents due to its proximity to the Lekki Lagoon that attracts recreational activity and a sizeable number of visitors.
Security in Ajah is provided by private and public security outfits and pedestrians will also benefit from a public bus service system that has visible bus stops around within and outside Lekki.
Give Ajah a go!