Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Wealth & Lifestyle Lifestyle

Oniru: Here is all you need to know about the residential suburb!

Estate Intel by Estate Intel
November 2, 2021
in Lifestyle, Real Estate and Construction, Spotlight
Oniru
Share on FacebookShare on TwitterShare on Linkedin

Oniru, popularly known as Victoria Island extension, is a middle to upper-income neighbourhood in Lagos. Just like Victoria Island, Oniru borders the Atlantic Ocean to the south alongside other creeks and lagoons, providing a lagoon view for most of the high-rise projects within the area. It spans from the popular Sandfill bus stop, all the way to the beginning of the Ikate area on the right of the Lekki-Epe Expressway, providing direct access to Victoria Island, Lekki Phase 1 as well as Ikoyi. The area was home to Maroko, which was demolished and is being redeveloped by the Lagos State Government.

There are a handful of residential, commercial as well as hospitality developments both ongoing and completed in Oniru, and the neighbourhood due to its serenity and relatively cheaper prices (compared to the core Victoria Island) is becoming a choice location for the young demographic including mid-level executives. Haven Court by Gabadan Properties, and The Oceanna (Cerulean) by Grenadines Homes, are just one of the many completed residential projects in Oniru. The neighbourhood also hosts some hospitality and leisure projects including The Art Hotel Oniru which is developed by Dreamspaces Development where Dutum Construction is acting as Main Contractor, as well as Landmark Boulevard by Landmark Group.

There are also some interesting upcoming projects by some notable developers including Empire Royale and Pacific Heights both by Deluxe Residences, Paramount Twin Towers by Grenadines Homes, The View by Seagle Property Development Company, and a handful of other projects that are being developed by Private Individuals.

RelatedPosts

How will the Lagos Real Estate market perform in H2 2022?

Top five things buyers should know when purchasing land in Africa

So far, Estate Intel has tracked a total of 1,285 residential units (467 completed projects and 818 pipeline projects) in Oniru. Based on the data that we have gathered, the average rent for a 3-bed apartment is N5,125,000 and the same currently sells for N97,800,000 representing a yield of 5.48% per annum. Rents and sale prices in the area have grown by 0.2% and 22.8% respectively over the past 5 years. Based on our data for Oniru, we believe the Market Direction over the next year is positive.

Click here to read the Oniru market analysis which gives a more in-depth analysis of other market data that we track including; sales and rental rates, yields, supply drivers, stock breakdown, occupancy rate, and information on key contractors who are active in the market.

What are your thoughts on the Oniru residential market, let us know in the comment section or by sending an email to research@esateintel.com.

Related

Tags: Oniru

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Financial steps you must take in your 40s to be rich
    • Nigeria’s Israel Adesanya set to earn up to $1.8million for defeating Jarred Cannonier
    • How will the Lagos Real Estate market perform in H2 2022?

    Follow us on social media:

    Recent News

    Financial steps you must take in your 40s to be rich

    Financial steps you must take in your 40s to be rich

    July 3, 2022
    Nigeria’s Israel Adesanya set to earn up to $1.8million for defeating Jarred Cannonier

    Nigeria’s Israel Adesanya set to earn up to $1.8million for defeating Jarred Cannonier

    July 3, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com