Jabi is an affluent and popular area located in Phase 2 vicinity of Abuja Municipality. It is bordered by  Kado in the north, Utako in the east, Dakibiyu to the south, Life Camp to the west and Gwarinpa to the north west. 

The city surrounds Jabi Lake, which serves as a recreational area for residents and visitors alike. Jabi also has a number of lounges, cafes, and other recreational developments including the popular Jabi Lake Mall that all overlook the lake. The popular Utako market for foodstuffs  is also located in the city. 

 

This area is also renowned for having a serene neighborhood and has mainly Deluxe to middle income residential properties. Some of the residences in this area include:

• Bobowasi Island by Bilaad Realty
• Grandview Estate by Integax Jubilation Homes
• 7 Fifteen Lakeside Estate by Verdant Homes
• Lakeshore Towers by JNT Construction

 

So far, Estate Intel is tracking 480 residential (352 completed and 128 pipeline) properties in Jabi. Based on the data that we have gathered, the average rent for a 3 bed apartment is ₦2,850,001 and the same currently sells for ₦102,830,078 representing a yield of 5.29% per annum. Rents and sale prices in the area have grown by 0.1% and 24.4% respectively over the past 5 years. As such, we believe the market direction over the next year will be neutral.

Click here to read the full Jabi Residential Market Analysis, which gives a more in-depth analysis of other market data that we track including; sales and rental rates, yields, supply drivers, stock breakdown, occupancy rate, and information on key contractors who are active in the market. 

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