Interested in this property?
Prime 100 ha Landbank --- Maitama II, Abuja ---
For Sale at ₦200,000,000 / Hectare ---
R of O (Right of Occupancy)
Strategic 100 Hectares in Maitama II ---
Premium Residential & Mixed‑Use Opportunity -
Titled (R of O) --- Immediate Availability
Key facts
- Location: Maitama II, Abuja (high‑end residential district; strategic proximity to government, diplomatic & commercial nodes)
- Size: 100.0 hectares = 1,000,000 sqm (contiguous landbank)
- Transaction: Outright Sale at ₦200,000,000 per hectare (open to structured offers)
- Total asking price (sale): ₦20,000,000,000 (Twenty Billion Naira)
- Title: Right of Occupancy (R of O) --- documents available for verification
- Premium: Nil (unless otherwise agreed)
- Facilitator fee: To be agreed / negotiable (specify in proposals)
- Availability: Immediate --- viewings and inspections by appointment only
Description
Transformative development land in Maitama II --- a rare contiguous 100‑hectare R of O landbank offered for sale at ₦200M per hectare.
Positioned in one of Abuja's most desirable enclaves, this parcel is exceptionally suited to a high‑end residential and mixed‑use masterplan: luxury villa estates, gated communities, upscale apartment precincts, serviced plots, boutique retail nodes, and institutional land (schools, clubs, medical). With clear title and scale to deliver a cohesive, premium neighbourhood, this asset is ideal for institutional developers, private equity real estate funds, or consortiums seeking a trophy development in the capital.
Investment highlights
- Trophy location in Maitama II --- premium address with strong demand for high‑quality residential stock.
- Clean R of O title --- facilitates quicker transaction and project initiation.
- Large contiguous parcel (100 ha) enables comprehensive masterplanning, phased delivery and economies of scale.
- Flexibility: Suitable for luxury standalone estate, mixed residential precincts, or an integrated mixed‑use development with commercial and institutional amenities.
- Opportunity to create a branded, high-margin product targeted to top-end buyers and institutional renters.
- Attractive institutional exit potential (offplan sales, build‑to‑rent, REIT disposition).
Illustrative land-use split (example)
- Luxury villa precincts (low density): 30 ha (30%)
- Medium-density townhouses/serviced plots: 20 ha (20%)
- High-density apartments (premium) + mixed-use node: 20 ha (20%)
- Retail & neighbourhood commercial: 5 ha (5%)
- Institutional (school, clinic, community): 5 ha (5%)
- Parks, green corridors & public open space: 10 ha (10%)
- Primary roads, utilities & future expansion: 10 ha (10%)Total = 100 ha
Zone yields (illustrative calculations)
1. Luxury villa precinct --- 30 ha (300,000 sqm)
- Zone net efficiency 70% net buildable = 210,000 sqm
- Average plot size (high-end): 1,500 sqm Units = 210,000 ÷ 1,500 = 140 villa plots
- Typical product: gated villas with private gardens, clubhouse and clubhouse amenities
1. Medium-density townhouses / serviced plots --- 20 ha (200,000 sqm)
- Net developable (70%) = 140,000 sqm
- Average plot/unit footprint 250 sqm Units = 140,000 ÷ 250 = 560 townhouses/serviced plots
1. High-density residential / apartments & mixed-use node --- 20 ha (200,000 sqm)
- Net developable (70%) = 140,000 sqm
- Example FAR conservative = 2.0 GFA = 280,000 sqm
- Average unit gross size 100 sqm Units = 280,000 ÷ 100 = 2,800 apartments (mix of 1--4 bed)
- Mixed-use commercial/residential within the node to support precinct amenities
1. Institutional, parks, retail & infrastructure --- remaining hectares support value and approvals (no direct residential count)
Indicative total residential units (rounded, illustrative)
- Villas: 140
- Townhouses/plots: 560
- Apartments: 2,800
- Total units ≈ 3,500 units
Illustrative GDV (Gross Development Value) --- sample
- Villas: 140 × ₦150M = ₦21,000,000,000
- Townhouses: 560 × ₦45M = ₦25,200,000,000
- Apartments: 2,800 × ₦28M = ₦78,400,000,000
- Total illustrative GDV ≈ ₦124,600,000,000
Transaction and structuring options
- Outright sale (preferred by vendor) --- purchase of entire 100 ha with clean R of O transfer.
- Bulk sale with phased handover --- buyer purchases majority and vendor retains small strategic parcels.
- Portfolio JV or partnership on selected parcels --- vendor equity piece with profit sharing.
- Purchase terms negotiable --- vendor open to credible institutional offers; details to be agreed.
Documents & due diligence (available/on request)
- Right of Occupancy (R of O) title documents --- available for certified verification
- Boundary plan & survey (to be provided)
- Topographic & preliminary geotechnical information (if available) --- recommended prior to exchange
- Environmental desk study / drainage overview (to be provided or commissioned)
- Utility capacity & existing access summary --- to be compiled for shortlisted parties
- Planning history / zoning notes (to be confirmed with FCT Authority)
How we work --- process (concise)
1. Submit expression of interest (EOI) --- indicate buyer identity, intended use, proposed structure, proof of funds.
2. We assign a relationship manager and share baseline title & survey documents to qualified buyers under an NDA.
3. Arrange confidential site visit and technical review (by appointment).
4. Agree heads of terms / sale SPA or structure and complete legal documentation with support.
5. Close transaction and coordinate transfer and mobilisation.
Call to action (Mr. Kola Adesina
For full details, title pack, site plans or to schedule a confidential inspection, contact:
Recommended technical & market studies (pre‑purchase)
1. Full title verification and encumbrance search.
2. Topographic, geotechnical & soils investigation.
3. Environmental & flood risk assessment.
4. Traffic & access study and required road improvements.
5. Utility capacity & connection feasibility (water, power, sewer).
6. High‑level market & pricing study to validate GDV assumptions.
7. High‑level QS cost plan and cashflow model with sensitivities.
Ref: Smart
Property Ref: 3056745 | Added On: 26 Aug 2025 | Last Updated: 26 Aug 2025 |
Market Status: Available | Type: Land | Total Area: 10,000 sqm |
Most of the best buildings in Abuja are in Maitama, such as the famous Farmers' Market and the IBB Golf Club. Most Embassies and High Commissions of different countries like Poland, France, etc are also situated in Maitama.
Maitama provides the perfect environment for outdoor activities and relaxation, hence most of the aesthetically exquisite malls and hotels are situated there. People living in Maitama are said to be very lucky because they have everything in the area at arm's length. The major places for relaxation and shopping are Dunes Centre, farmers’ market Transcorp Hilton, etc.
Maitama is a serene, affluent, and exclusive area that has many solid structures. Properties in Maitama are unarguably very expensive but worth every dime spent because of the top-notch security, good road network, and other basic infrastructures found in the neighbourhood. Peggy's Pointee is one of the few estates in Maitama, Abuja.
Life in Maitama can be said to be an adventure. The area is an ideal location for unwinding both during the day and at night. One can never run out of options looking for where to go within the neighbourhood because Maitama has a lot of exciting locations to hang out with family and friends during the day. For a mouthwatering experience, you should visit Cilantro, known for its tasty food and great service.
Nightlife in Maitama is legendary. Abuja’s Maitama happens to be the city’s most popular nightlife neighbourhood. If you look hard enough, you will find a nightclub with infectious rhythms and beats. Vanilla Restaurant and Lounge, which is one of the happening spots, is something you should check out.
When it comes to areas that have schools with both standard and excellent educational facilities, Maitama cannot be left out. Sascon International School, Centagon International School, and Model Secondary School are some of the best schools in the area. These schools give kids a safe, happy place to be themselves and grow while getting the education they need to be successful.
Read the full area guide for Maitama District, Abuja.
Interested in this property?
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.