Alaro City, Universal Homes deliver 48 apartments to investors

Alaro City, in collaboration with Universal Homes, has handed over an additional 48 apartment units to subscribers, marking the completion of the second phase of the Universal Homes project valued at $90m.

In a statement, it was noted that this milestone followed the successful delivery of the first 48 units in August and highlighted Alaro City’s dedication to fulfilling its ambitious plan of delivering 576 apartment units.

It stated, “Located off the eight-lane Main Boulevard in Alaro City, Universal One also boasts of a three-acre park, recreational complex, a swimming pool, football pitch, a gym, and many more amenities. Universal One brings in cutting-edge technology in construction with the formwork advanced technology that allows an entire floor to be completed within seven days. This technology is mostly used in mostly Middle East and Asia and has seen Universal Homes finish an entire block of 16 units in 30 days.

“The completion and handover of this second phase of Universal One is a testament to our continued commitment to quality and innovation,” said the Managing Director of Alaro City, Yomi Ademola,

He stated that the firm was thrilled to welcome more residents to Alaro City, a place where modern conveniences meet sustainability in a thriving community.

He remarked, “We celebrate not just individual achievements, but a collective vision brought to life.

“Universal One at Alaro City is the largest residential development in the Lekki Free Zone, reflecting the potential unlocked through strategic urban planning and committed investment.

This milestone highlights the growing confidence in Nigeria’s real estate sector and Alaro City Free Zone, with both local and international (including diaspora) investors recognising the unique opportunities Alaro City offers a vibrant community, unmatched infrastructure, and proven investment returns.

“Together, we are redefining urban living and positioning Alaro City as the gold standard for residential, mixed-use, and industrial development in the region.”

Meanwhile, the Executive Director of Universal Homes FZE, Roberto Artuso, said, “Our decision to establish Universal One within Alaro City was driven by its immense potential as a growth-oriented urban centre.

“With this milestone second handover, Universal One sets the benchmark for future developments, showcasing how thoughtfully designed, modern housing can create vibrant communities in an evolving urban landscape.”