The Prestige project to transform Ghana’s real estate landscape

The Prestige project to transform Ghana's real estate landscape

The sector in Ghana continues to emerge as a prime destination, driven by a surging demand for high-end and mid-level accommodations in the capital city, .

The Ghana Real Estate Developers Association () anticipates an annual rental yield of up to 25 percent on general real estate investments, with The Prestige project in City 1 standing out as an attractive opportunity.

The Prestige project, strategically located in Airport City I, positions itself as a lucrative venture for investors, especially considering the steady foreign direct investment (FDI) influx into the country.

The Ghana Investment Promotions Centre (GIPC) reported a total FDI of US$1.35 billion in 2022, showcasing a thriving economic environment.

Nabil Al-Ahmad, founder and chairman of i2 Development, highlights the appeal of The Prestige project, particularly its studio and 1-bedroom apartments ranging from 28 sqm to 77 sqm.

Al-Ahmad notes that these units can yield between US$150 and US$200 per day, reaching US$200–US$300 per night during peak seasons.

With an estimated minimum occupancy rate of 65 percent per year, the rental income is projected to range from US$50,000 to US$65,000.

Al-Ahmad emphasizes the sophistication and accessibility of The Prestige, making it an ideal entry point for young business executives seeking sophisticated living in an upscale location like Airport City I.

The digitization of real estate processes in Ghana further enhances transparency and accessibility through online platforms, mobile applications, and digital property management systems.

The Prestige's prime location, adjacent to the Airport Shell Fuel Station and directly opposite Marina Mall in Airport City, positions it as a hub for leisure and business travellers.

The project promises quick access, within a minute, to renowned shopping malls, restaurants, nightclubs, major international company offices, and Kotoka International Airport.

Noteworthy for its lush and sustainable design, The Prestige aims to create a luxury sanctuary within the city.

Renowned general contractors, Michelleti and Co., ensure the project's quality, while Casa adds an elegant touch to each apartment, contributing to the project's overall reputation for sophistication and excellence.

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