Akintola Oladejo
Akintola Oladejo, the visionary CEO of Prestigious Homes Limited, is on a mission to rework Nigeria’s actual property sector right into a powerhouse that rivals the likes of Dubai and Singapore. With tasks in Lagos’s most commercially viable areas – from Banana Island, which mirrors Dubai’s Palm Jumeirah, to Victoria Island with its similarities to Enterprise Bay, and Lekki resembling Dubai Marina – Oladejo is constructing a legacy. With a various background in engineering, banking, and oil and gasoline, Oladejo brings a novel mix of abilities and a deep-seated ardour for building to his formidable tasks. His objective isn’t solely to supply an expensive house different to Dubai but additionally to supply high-yield investments that attraction to each Nigerians trying to make investments again house and non-Nigerians wanting to take part in one in all Africa’s greatest economies.
Turning ardour into actuality
Oladejo’s journey from a part-time actual property fanatic to a full-time developer illustrates his dedication and imaginative and prescient. “Transitioning to full-time actual property was not as troublesome as I anticipated due to my prior expertise and fervour for the work,” he reveals. Regardless of dealing with the challenges of constructing a structured enterprise and assembling a reliable native staff, his intensive expertise and fervor for building smoothed the trail. His story is one in all resilience and steadfast dedication to excellence.
Oladejo’s ardour for actual property dates again to his childhood. “I’ve all the time been fascinated by building and structure,” he shares. This ardour, mixed together with his skilled expertise, has pushed him to pursue excellence in each mission he undertakes.
Studying from Dubai’s pioneers
Oladejo’s interactions with famend Dubai builders akin to Emaar, Damac, and Sobha have considerably influenced his method to actual property in Lagos. By integrating the standard and excellence noticed in Dubai, Oladejo ensures that his tasks like La Vida and The Glove meet worldwide requirements, setting new benchmarks for luxurious dwelling in Nigeria.
Initiatives like La Vida property, Casa Branco and Sutherland Court docket exemplify this dedication to excellence. “Our developments are designed to supply a novel mix of luxurious and performance,” Oladejo notes. By adopting finest practices from his UAE counterparts, he’s elevating the bar for actual property in Nigeria.
Akintola Oladejo
Progressive options to market challenges
The Nigerian real estate market isn’t with out its obstacles, notably concerning financing and affordability. Oladejo is tackling these points by revolutionary options akin to zero-interest fee plans for off-plan properties, permitting patrons to put money into alignment with mission milestones. “We provide zero-interest fee plans for off-plan properties, much like methods employed by Dubai builders,” Oladejo explains. This technique is pivotal in a market the place excessive rates of interest could be discouraging for traders and finish customers.
By providing versatile fee plans, Oladejo is making homeownership extra attainable for Nigerians. “We’re dedicated to creating luxurious dwelling accessible to extra folks,” he asserts. This method not solely advantages patrons but additionally stimulates the true property market.
Harnessing the facility of diaspora funding
The Nigerian diaspora is more and more investing in Lagos’s actual property market, attracted by cultural connections and profitable funding alternatives. “Diaspora traders are more and more serious about shopping for properties in Lagos as a consequence of affordability and cultural significance,” says Oladejo. He emphasises the essential position of diaspora traders in driving market progress, noting their choice for high-quality, luxurious developments. This inflow of funding is propelling Lagos nearer to its formidable improvement objectives.
The sturdy emotional ties to Nigeria drive many diaspora traders. “For a lot of, investing in actual property again house is a technique to keep related to their heritage,” Oladejo observes. This sentiment, mixed with the potential for top returns, makes Nigerian actual property a pretty funding possibility.
A visionary outlook for Nigerian actual property
Regardless of the challenges, the worldwide actual property market continues to develop, with an anticipated compound annual progress charge (CAGR) of seven.4% from 2023 to 2024. Oladejo tasks comparable progress for Nigeria, with the market poised to achieve $3 trillion by 2029. This progress is fueled by each native demand and growing curiosity from diaspora traders, making Lagos a focus for actual property improvement in Africa.
Oladejo’s imaginative and prescient consists of ongoing and future tasks that can proceed to set new requirements in luxurious dwelling. “We’re continuously exploring new alternatives and revolutionary options to fulfill the wants of our shoppers,” he states. This forward-thinking method ensures that Prestigious Houses Restricted stays on the forefront of the true property trade.
Akintola Oladejo’s strategic imaginative and prescient and revolutionary options are reworking Nigeria’s actual property panorama. His management at Prestigious Houses Restricted isn’t just about constructing buildings however about crafting a future the place Lagos stands tall among the many world’s main actual property markets, competing with the grandeur and luxurious of cities like Dubai. “We’re constructing greater than properties; we’re constructing a legacy,” Oladejo concludes.