Alaro City, the Cosmopolitan Hub of the Lekki Free Zone

The Lekki Free Zone (LFZ) has emerged as a powerful beacon of West Africa’s economic growth. This sprawling development, strategically located on the outskirts of Lagos, Nigeria, boasts a unique combination of commercial zones alongside meticulously planned residential areas. The LFZ is attracting considerable attention not just for its focus on attracting businesses and industries, but also for its potential to reshape the region’s urban landscape. Undoubtedly, the Lekki Free Zone represents a multifaceted approach to development, positioning it as a prime location for both homebuyers and investors. 

Indeed the exciting potential of this area was not developed by chance. Rendeavour, Africa’s largest urban land developer, and the Lagos State Government formed a joint venture to build a uniquely modern mixed city development that has transformed the Lekki Free Zone from a prime industrial hub to a place where families and even smaller enterprises can thrive. This city stands as a testament to the transformative power of forward-thinking urban design. Spanning 2,000 hectares in the expansive Lekki Free Zone Area, Alaro City aims to redefine city living with a meticulous blend of residential, commercial, and industrial spaces. 

Housing Options for All Preferences

At its core, Alaro City is designed as a self-sustaining community that will accommodate up to 30,000 residents at full capacity. The residential offerings in Alaro City cater to diverse lifestyles, from low-density single-family homes with private gardens (starting at a minimum of 500 sqm) to high-density apartment blocks, ensuring a range of living options that foster inclusivity and comfort. Additionally, residents in Alaro City’s modern apartment blocks can choose from three different views (Standard Views, Boulevard Views and Double Balcony Views) at different price points. This flexibility speaks to the attention to detail and the customer centered focus that has made Rendeavour one of the most successful developers in Africa.  

Strategic Location 

Key to Alaro City’s appeal is its strategic location. Positioned within the Northwest Quadrant of the Lekki Free Zone, the city’s proximity to major transportation routes like the Lekki-Epe Expressway and the ongoing Fourth Mainland Bridge not only facilitates ease of access but also enhances the city’s attractiveness to businesses looking to establish a presence in West Africa. Alaro City is approximately 5 minutes from Epe, 45 minutes from Lakowe and 1 hour 45 minutes from Lekki Phase 1. Undoubtedly this gives residents of Alaro City the flexibility to enjoy the sights, amenities and experiences of other major areas in lagos. Moreover the close proximity to the Lekki Deep Sea Port the upcoming New Lagos International Airport boosts the potential for trade and travel across Nigeria and the world. 

World-Class Infrastructure

Another aspect of Alaro City’s allure is its world-class infrastructure and amenities. Residents and businesses alike benefit from private utilities, including a robust power plant with a 100 MW capacity, licensed for generation and distribution by NEZA. Alaro City also currently has a 6km road network that will be extended and features the first privately owned 8-lane boulevard road. The city offers reliable water supply through an impressive water treatment plant that has a capacity of 100,000 cubic meters of potable water per hour.These utilities, combined with 24/7 maintenance services, ensure a reliable, secure and comfortable environment for both residents and commercial workers.

Sustainable Living and Community Integration

Beyond its physical attributes, Alaro City embodies a commitment to sustainability and community integration. The cornerstone of this residential integration is Universal One, a family friendly, master planned community in the heart of Alaro City. Built by Universal Homes, the community consists of 576 two bedroom contemporary apartments (which can be expanded to 3 and 4 bedroom apartments). Green spaces like parks and pedestrian-friendly zones are woven throughout the development, promoting a healthy lifestyle and fostering a sense of tranquility and belonging among residents. The city’s world-class master planning is done by Skidmore, Owings & Merrill, masterminds behind the Canary Warf and Burj Khalifa. Furthermore, partnerships with educational and healthcare institutions like the nearby American University of Nigeria and proposed healthcare facilities ensure access to quality services that enrich daily lives of residents. 

A Thriving Business Ecosystem 

Alaro City’s success story is underscored by its burgeoning business community, which already includes over 73 corporations including multinationals like Unilever, TY Logistics, BUA (Starium), Mantrac Caterpillar, HMD and Ariel Foods. This dynamic environment fosters innovation and positions Alaro City as a hub for growth, and employment opportunities for residents and the wider region.  

A Hub for Investment

The world class level of quality ingrained in Alaro City provides a unique and attractive opportunity for real estate investors looking to get a piece of the next big thing in Lagos. The proven track record of its developers and their in-depth knowledge of customer preferences and marketing channels ensures that there is a sustained high demand for both residential and commercial spaces in the Alaro City. Furthermore, the proximity of multinational companies with hundreds of employees ensures a constant demand for residential spaces for rent. Simply if you invest in an apartment you can be assured of good return on investment from long term occupancy from resident workers and short term occupancy from business travelers and relevant industry experts. As a result the projected average rental income for properties in Alaro City ranges from $8,000- $10,000 per year. With an 80% appreciation in residential plots prices over the past 5 years and over $1.5 billion in investments, the future of Alaro city is bright and brimming with possibilities that investors can leverage for considerable gain.

Alaro City represents more than just a place to live or invest; it’s an opportunity to be part of a thriving and dynamic community shaping the future of West Africa. With its world-class infrastructure, commitment to sustainability, and focus on creating a high quality of life, Alaro City and the Lekki Free Zone at large, offers a compelling proposition for both homebuyers and investors.