The Abuja property market is experiencing a remarkable price surge, driven by rapid infrastructure development and strategic urban expansion. According to the 2025 Nigeria Real Estate Report by Ubosi Eleh & Co, key districts in the Federal Capital Territory (FCT) are witnessing unprecedented land value appreciation, with Katampe emerging as one of the most sought-after areas.
In Katampe Main, a 1,000m² plot that sold for ₦120 million in 2023 rose to ₦220 million in 2024, and is projected to reach ₦300 million by the end of 2025. This surge is largely attributed to the Federal Capital Development Authority’s ongoing infrastructure projects, including the construction of a bridge linking Katampe to Maitama District — slashing travel time from over 20 minutes to just five minutes.
Real estate analysts note that Abuja’s property market responds swiftly to confirmed or anticipated infrastructure developments. “Anywhere there is speculation of the provision of infrastructure, values will immediately begin to increase in leaps and bounds,” the report stated.
The ripple effect is evident in Maitama District, where land prices already command over ₦1.20 million per square metre. Katampe’s enhanced accessibility is expected to pull its values closer to Maitama’s premium pricing bracket.
Beyond Katampe, other prime districts like Maitama, Asokoro, Wuse, and Garki are fully allocated, creating scarcity and pushing up prices in adjoining areas. The report projects a general increase in residential property values, rents, and capital gains across Abuja in the next 12–18 months, bolstered by investor confidence and urban migration trends.
While the residential market thrives, Abuja’s commercial real estate faces slower momentum. The Central Business District (CBD), home to most of the city’s premium office towers, continues to struggle with high vacancy rates. Rents for Grade A office spaces remain at ₦50,000–₦70,000 per square metre, unchanged from 2024 due to sluggish economic performance.
However, smaller office units between 100m² and 150m² are letting faster, especially to professional firms and SMEs. The challenge, experts say, lies in landlords’ reluctance to subdivide large office floors, leaving thousands of square metres unoccupied.
An increasing number of residential buildings in areas like Wuse, Wuye, Gwarimpa, and Apo are being converted to commercial use, as businesses seek cost-effective alternatives outside the high-priced CBD.
Analysts advise investors to pay close attention to infrastructure-linked districts, as they offer the highest potential for capital appreciation. The FCT’s continued road expansion, bridge construction, and urban utilities provision are expected to maintain upward pressure on land and property values well into 2026.
With Abuja’s population projected to surpass four million in the next decade, demand for both residential and commercial properties will remain strong, cementing the city’s status as one of Africa’s fastest-growing real estate hubs.