Dubai-based developer begins $18.5b housing mission in Abuja

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A Dubai-based property developer has commenced $18.5 billion websites and serviced mission expected to offer over 140,000 housing units inside Centenary City in Abuja.

Unveiling the initiative in Abuja, a co-investor/ developer, Alhassan Dantata, defined that government has leased the mission, whereas funding is coming from international traders. He harassed that Centenary City was delayed due to controversies, including that the housing programme was introduced on stream with the current pact with the international investor.
According to him, quick previous president, Goodluck Ebele Jonathan conceived the thought of Centenary City to commemorate Nigeria’s 100th years of existent as a nation, whereas Senator Anyim Pius Anyim anchored it. He stated housing mission was tagged ‘affordable luxury for the common man’, and each design have to be authorised from Dubai, including that there was no improvement in any nation, traders wouldn’t be concerned.

Dantata additionally defined that the programme would create 150, 000 direct jobs with extra 250,000 day by day jobs for indigenes and could have constructive impacts on the housing sector due to the international builders’ popularity.

“The two-bedroom unit would go for between N15 and N30 million, and it could be accessed by mortgage services, which civil servants could key into.“ It would quickly turn out to be a dream come true to fulfill housing wants of Abuja residents.

“It goes to be a Smart metropolis, or mini –Abuja, with $50 million City Gate. The location is a ten minutes drive from the airport, and twenty minutes to metropolis middle; made up of Amusement Park, Tourism website, and golf course.

“Beneficiaries cut across all strata. It means to pay and enjoy your money. House loan scheme is N16 million for civil servants to be deducted from salary. This would enable them to pay N30million with electricity, water supply, and security”, he added. On the difficulty of compensation, he hinted about N1.377 billion have been paid to the indigenes by the minister of FCT, whereas 475 homes have been constructed for the landowners in keeping with Abuja Master Plan.

Credit: The Guardian

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