Group expands presence in Dubai real estate market

Real estate investment has been identified as a crucial pathway for Nigerians aiming to build lasting generational wealth.Industry leaders stated this at the weekend, during an inaugural cocktail reception where Lifecard Group, a real estate firm in Nigeria, forged new ties with a Dubai-based developer, Azizi, to expand its presence in the Dubai real estate market.

In her keynote address, Co-founder and Deputy Managing Director at Falcon Corporation, Audrey Joe-Ezigbo, said that investment in real estate is becoming crucial amid global economic uncertainty, revealing that it offers a resilient avenue for wealth creation and financial security. She emphasised the need to prioritise long-term investments, such as real estate and stocks, over short-term spending to build lasting wealth for future generations.

“How can anyone seriously talk about building generational wealth when the currency you depend on is so unstable? Nigeria is facing many issues, from the troubled oil sector to constant currency devaluation to fluctuations in exchange rates. One year, the dollar might be N900; the next, it may skyrocket to N1,900. How can families plan for the future or preserve wealth in such a volatile environment?” she lamented.

Also, the Founder of Lifecard Group, Grace Ibhakhomu, who spoke on the partnership, said that the opening of a new Lifecard branch office in Dubai was aimed at facilitating investment opportunities for Nigerians in the Dubai real estate market.

Ibhakhomu, while also emphasising the importance of wealth creation, sustainability, and capital appreciation, highlighted Dubai’s stable economy and non-devalued currency over the past 38 years as attractive factors for investors.

She assured investors of high returns, underscoring Azizi’s capabilities as a trusted market platform that manages investments throughout the entire process, including purchase, rental, and resale.

Ibhakhomu also described Dubai as a ‘safe haven’ where over 100 nationals coexist peacefully under strong legal protections.

In his remark, Regional Sales Director of Azizi Development, Saad Khaled, stressed that real estate investment has high returns and capital appreciation on property, urging Nigerian investors to tap into the Dubai real estate market.