- Name: The Juliana;
- Developer: Dave Kubak Construction Ltd;
- Use: Residential;
- Location: Ilasan, Lekki;
- Main Contractor: Dave Kubak Construction Ltd;
- Structural Engineer: Strucco Designs;
- Mechanical and Electrical Engineer: Nsoke Nig. Ltd;
- Architect: Dave Kubak Construction Ltd;
- Quantity Surveyors: Baseplan Consulting;
- Land Area: 1,200sqm;
- Estimated Completion Date: Q2:2020.
The Juliana is a residential project by Dave Kubak Construction Limited located in Ilasan, Lekki. It is a 3-floor development made up of 12 units of two-bedroom flats. Juliana is a name with Latin origins meaning “youthful”, and this is a not so subtle hint that the target demographic for this residential development is young professionals and young families. They typically work in Victoria Island – the commercial hub of Lagos and want to reside on the island. However, they usually cannot afford the high rental prices of Ikoyi, Victoria Island and Lekki Phase 1.
According to Dave Kubak Construction Limited – the developer, Ilasan is a perfect location for this project, because its location is relatively central and affordable. Dave Kubak Construction Limited funded the soft construction costs and also acted as the architect and main contractor of this project. The land with an area of 1,200 sqm was bought for N78,500,000, which is approximately N65,417 per square meter. This is below the average price of land in this area of N75,840 per square meter recorded in the Land Prices feature of our app.
The size of each unit is 120.5 sqm, all units in the property come with a fitted kitchen, air conditioners in the living area & bedroom, as well as, a fully fitted bathroom. There are 24 parking spaces, with 2 spaces per unit. Alternative power supply is provided via an inverter (2 batteries are provided per unit) and a central generator – which runs for 12 hours daily.
Piling is about to commence for this project, and it is estimated to be completed by Q2:2020. Upon completion, units can be purchased for N36,000,000 with periodic payments. However, off-plan purchases can be made at N30,000,000. This development provides an affordable residential option for middle-class families and individuals in close proximity to the commercial hub, as recent developments in close proximity to the city such as The Oceanna Towers, Blue Water Residences, 4 Bourdillon, and Cuddle by Cadwell have all catered to high-income groups.