Accra luxury apartment demand surges as Quao Realty leads in premium developments

The demand for luxury apartments in Accra is climbing to unprecedented levels, fuelled by Ghana’s steady economic growth, record diaspora remittances, and rapid urbanisation. With GDP expanding at 3–4% in 2023 and projected to hit 5–6% in 2024–25, combined with $4.6 billion in annual remittances from over 3 million Ghanaians abroad, capital is flowing into the city’s upscale property market.

Accra’s metro population of over five million continues to grow, driving housing needs across all income brackets. For affluent locals, expatriates and the diaspora, luxury apartments have become the preferred choice. Developers are responding with high-rise towers and gated estates in Cantonments, Airport City, East Legon and Ridge, featuring resort-style amenities, smart-home integration, concierge services, eco-friendly systems, and premium finishes that rival global standards.

Property values remain strong, with prime apartments selling at $1,500–2,000 per m² in top enclaves, and rents for premium three-bedroom units reaching $1,500–2,500 per month. Gross rental yields average 8–10%, among the highest in West Africa, with overall annual investment returns projected between 12–15% in 2025. Cantonments and Airport Residential Area continue to command the highest prices, while East Legon and Ridge deliver strong yields and rapid growth.

In this evolving market, Quao Realty has emerged as a trusted leader. Founded by Charles Quao, the firm specialises in luxury developments such as The Essence, 233 Boulevard, and Manora Residence. These projects combine smart-home systems, contemporary design, concierge services, fitness centres, rooftop pools, and lush landscaped spaces — aligning with the lifestyle expectations of today’s high-net-worth buyers. Quao Realty also stands out for its diaspora-focused approach, offering transparent contracts, flexible payment structures, and international-standard finishes that appeal to overseas Ghanaians investing back home.

As 2025 unfolds, analysts expect continued upward pressure on prices and rents, driven by urbanisation, rising incomes, and new infrastructure. While inflation and currency volatility remain risks, luxury real estate in Accra continues to deliver resilient returns. For investors, especially the diaspora, Accra’s high-end apartments remain a compelling opportunity, with Quao Realty setting the benchmark for quality, innovation, and trust.