Top 5 Emerging Cities in Nigeria for Real Estate Investment (2025–2026)

Nigeria’s real estate market is entering a new phase of growth, presenting lucrative opportunities for both local and diaspora investors. While Lagos and Abuja have traditionally dominated headlines for property investment, rising demand, urban expansion, and government-backed infrastructure projects are shifting attention to emerging cities across the country. These cities combine affordability, rapid development, and long-term capital appreciation potential, making them ideal for investors seeking both residential and commercial opportunities.

For Nigerians living abroad, these emerging markets offer the chance to invest in property with high growth potential without the intense competition and high costs of established metropolitan areas. With strategic planning, proper due diligence, and a clear understanding of each city’s growth drivers, diaspora investors can leverage these markets to secure assets that deliver steady returns and long-term value.

The following are the top five emerging cities for real estate investment in Nigeria in 2025–2026:

1. Ibeju‑Lekki, Lagos State

Ibeju‑Lekki has rapidly become one of the most sought-after investment destinations in Nigeria. Anchored by mega-projects such as the Lekki Free Trade Zone, the Dangote Refinery, and the proposed deep-sea port, the city offers high potential for property appreciation.

Opportunities: Early acquisition of land or off-plan residential properties, commercial development near industrial zones, and short-term rental properties catering to professionals and expatriates.

Considerations: Infrastructure projects may face delays, and investors must verify land titles and developer credibility before committing.

2. Ibadan, Oyo State

Ibadan’s strategic location as a transport and commercial hub, coupled with lower property costs compared to Lagos, makes it attractive for investors. The ongoing Lagos-Ibadan rail project and city expansion are driving demand for housing and commercial real estate.

Opportunities: Residential estates for the growing middle class, land banking in developing suburbs, and rental properties targeting local professionals.

Considerations: Market growth may be slower than hyper-growth zones, and some areas may lack reliable utilities and transport networks.

3. Enugu, Enugu State

Known as the “Coal City,” Enugu is emerging as a strong real estate market in the Southeast. Rising middle-class demand, improved security, and ongoing urbanization are driving investment in modern residential and mixed-use developments.

Opportunities: Mid-term residential projects, mixed-use developments, and rental properties for returning diaspora Nigerians or local professionals.

Considerations: Lower liquidity than major cities and limited international connectivity may affect exit strategies.

4. Asaba, Delta State

Asaba’s growth is fueled by its strategic location near Onitsha, a major commercial center, and improved trade and transport links. Affordable property prices and expanding infrastructure make it an attractive option for both residential and commercial investment.

Opportunities: Commercial plots, residential estates for middle-income earners, and mixed-use developments bridging trade and housing needs.

Considerations: The city’s growth depends on regional trade dynamics, and infrastructure may lag compared to larger metropolitan areas.

5. Uyo, Akwa Ibom State

Uyo is gaining traction thanks to government-backed infrastructure projects, a growing tourism sector, and comparatively affordable property prices. Its serene environment also appeals to diaspora investors seeking long-term residential or rental opportunities.

Opportunities: Residential homes, short-let accommodations for tourists and business travelers, and long-term capital appreciation.

Considerations: Smaller market size may mean slower rental yield growth, and exit strategies may require patience.

Key Takeaways for Diaspora Investors

• Diversify beyond Lagos and Abuja: Emerging cities offer lower entry costs with high appreciation potential.

• Due diligence is critical: Verify land titles, developer credibility, and infrastructure progress before investing.

• Consider property management: Remote management solutions and trusted local partners can safeguard investments.

• Think long-term: Emerging markets require patience but can deliver significant returns.

Nigeria’s real estate landscape is expanding beyond traditional centers, offering diaspora investors opportunities to secure strategic assets that combine affordability, growth potential, and diversified risk. With careful planning and local insight, these five cities present some of the most promising prospects for 2025–2026.