Asokoro Residential Market Overview 2022

Deborah Jesusegun . 3 years ago

Asokoro Residential Market Overview 2022

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Article Summary: Asokoro is an upscale neighborhood within the Federal Capital Territory (FCT), and about 3.6 km away from Abuja, the capital of the FCT. This neighborhood is nestled underneath the well-acclaimed Aso Rock, surrounded by Pendam Lake in Abuja. The area is renowned for its security and being the location of choice for government officials as…


Asokoro is an upscale neighborhood within the Federal Capital Territory (FCT), and about 3.6 km away from Abuja, the capital of the FCT. This neighborhood is nestled underneath the well-acclaimed Aso Rock, surrounded by Pendam Lake in Abuja. The area is renowned for its security and being the location of choice for government officials as well as high-net-worth individuals. It borders the Central Business District to the West, Garki Phase 2 to the South, and Maitama to the North.

Real estate in Asokoro is generally expensive, similar to those in Maitama, a highbrow neighborhood within the FCT, or Ikoyi, an affluent neighborhood in Lagos State. Some of its major roads include the Mutala Mohammed Way, Yakubu Gowon Crescent, Maitama Sule Street, Julius Nyerere Crescent, Kwame Nkrumah Crescent, and Nelson Mandela Street where Asokoro’s major residential and commercial buildings are also located including the Federal Government of Nigeria Presidential Villa, Aso Rock Villa.

The area provides a  blend of residential and commercial use zones while housing major landmarks including the secretariat of the Economic Community of West African States (ECOWAS) and the ECOWAS Park, the National Intelligence Agency (NIA), and the World Health Organisation.

 

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