In 2023, the Nigeria Real Estate Market reached a value of USD 91.1 million, and it is projected to surge to USD 137.8 million by 2030.

In the second quarter of 2023, Nigeria's real estate sector grew by about 1.87 percent compared to the same quarter of the previous year. Over the observed period, the growth rate reached its highest value in the third quarter of 2022, as it grew by 4.56 percent compared to the same quarter of the previous year.

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Comprehensive dataset of 3,305 Real estate consultants in Nigeria as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Nigeria's Geospatial Analytics Market is Segmented by Type (Surface Analysis, Network Analysis, Geovisualization), by End User Vertical ( Agriculture, Utility and Communication, Defence and Intelligence, Government, Mining and Natural Resources, Automotive and Transportation, Healthcare, Real Estate, and Construction). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Proptech refers to the use of technology and innovation within the real estate industry. In South Africa, the volume of investment in the proptech sector totaled *********** U.S. dollars as of the first half of 2022, while in Nigeria, this figure amounted to *********** U.S. dollars.

Nigeria GDP: Basic Prices: Services: Real Estate data was reported at 3,767,255.400 NGN mn in Dec 2024. This records a decrease from the previous number of 3,908,510.957 NGN mn for Sep 2024. Nigeria GDP: Basic Prices: Services: Real Estate data is updated quarterly, averaging 2,076,878.659 NGN mn from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 5,177,948.588 NGN mn in Mar 2024 and a record low of 888,228.373 NGN mn in Mar 2010. Nigeria GDP: Basic Prices: Services: Real Estate data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.A005: SNA 2008: GDP: by Industry: Current Price.

In the fourth quarter of 2021, the proportion of private credit allocated by the banking sector to real estate in Nigeria reached 2.9 percent. In absolute values, this amounted to around 2.1 trillion Nigerian naira (some 4.7 billion U.S. dollars). Compared to the previous quarters, the share of real estate in the total banking sector credit in the country decreased.

Nigeria Number of Job Postings: Active: Real Estate Rental and Leasing data was reported at 279.000 Unit in 05 May 2025. This records a decrease from the previous number of 288.000 Unit for 28 Apr 2025. Nigeria Number of Job Postings: Active: Real Estate Rental and Leasing data is updated weekly, averaging 0.000 Unit from Jan 2008 (Median) to 05 May 2025, with 905 observations. The data reached an all-time high of 401.000 Unit in 24 Feb 2025 and a record low of 0.000 Unit in 04 Jan 2021. Nigeria Number of Job Postings: Active: Real Estate Rental and Leasing data remains active status in CEIC and is reported by Revelio Labs, Inc.. The data is categorized under Global Database’s Nigeria – Table NG.RL.JP: Number of Job Postings: Active: by Industry.

Nigeria Number of Job Postings: Removed: Real Estate Rental and Leasing data was reported at 47.000 Unit in 05 May 2025. This records a decrease from the previous number of 67.000 Unit for 28 Apr 2025. Nigeria Number of Job Postings: Removed: Real Estate Rental and Leasing data is updated weekly, averaging 0.000 Unit from Jan 2008 (Median) to 05 May 2025, with 905 observations. The data reached an all-time high of 123.000 Unit in 24 Feb 2025 and a record low of 0.000 Unit in 21 Jun 2021. Nigeria Number of Job Postings: Removed: Real Estate Rental and Leasing data remains active status in CEIC and is reported by Revelio Labs, Inc.. The data is categorized under Global Database’s Nigeria – Table NG.RL.JP: Number of Job Postings: Removed: by Industry.

This statistic shows the average monthly rents in Abuja, Nigeria in 2015, by property type (in U.S. dollars per square meter). The average monthly industrial rent in Abuja, Nigeria in 2015 averaged 12 U.S. dollars per square meter.

Nigeria Facility Management Market size was valued at USD 2.5 Billion in 2024 and is projected to reach USD 3.98 Billion by 2032, growing at a CAGR of 8.5% from 2025 to 2032.

Key Market Drivers:

Rapid Commercial Real Estate Development: Nigeria is experiencing substantial growth in commercial real estate development, particularly in major cities like Lagos, Abuja, and Port Harcourt. Lagos alone recorded over 500,000 square meters of new commercial real estate space in 2023, with Grade A office spaces increasing by 25% compared to the previous year.

Growing Industrial Sector: Nigeria's expanding industrial sector is driving demand for specialized facility management services. Nigeria's industrial sector contributed 28.6% to the GDP in 2023, with over 350 new industrial facilities established across the country's major economic zones.

The Nigerian facility management (FM) industry is experiencing robust growth, driven by a burgeoning commercial real estate sector, increasing urbanization, and a rising demand for efficient and cost-effective building operations. The market, estimated at [Insert estimated 2025 market size in millions based on CAGR and available data, e.g., $150 million] in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.40% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the expansion of businesses across various sectors necessitates professional facility management solutions, especially in large commercial complexes and industrial facilities. Secondly, a growing awareness of sustainability and energy efficiency is pushing businesses towards adopting environmentally conscious FM practices, creating opportunities for providers offering green building solutions. Lastly, the increasing adoption of technology in FM, including smart building systems and integrated platforms, enhances operational efficiency and cost savings, further boosting market growth. The industry is segmented across various service offerings – Hard FM (covering infrastructure and building maintenance) and Soft FM (encompassing cleaning, security, and catering), and facility management types including In-House, Outsourced (Single, Bundled, and Integrated FM). Major players like Total Facilities Mgt Ltd, Grandeur Real-Estate Company, and others are actively shaping the market. While the dominance of outsourced FM is projected to increase, in-house management remains significant for larger organizations with substantial internal resources. The diverse end-user segments—commercial, institutional, public/infrastructure, industrial, and others—present a wide spectrum of opportunities. However, challenges like infrastructure limitations, skilled labor shortages, and economic volatility could potentially impede market expansion. Addressing these factors through strategic investments in workforce development and technological advancements will be crucial to sustaining the projected growth trajectory. Recent developments include: June 2021 - Nigerian National Mirror Committee (NMC) of the International Organisation for Standardisation (ISO) Technical Committee announced that it had planned a maiden Stakeholders Round Table on the subject (ISO/TC 267) under the auspices of the Standards Organisation of Nigeria (SON) to promote facility management practices in Nigeria., February 2021 - To expand its presence in the Nigerian facility management market, Starsight, one of the prominent West African Commercial and Industrial ('C&I') solar power providers, invested in UPDC Facility Management Limited, which is a joint venture with UACN Property Development Company PLC.. Key drivers for this market are: Surge in Construction Activities due to increasing Urbanization, Increasing Awareness About Proactive Maintenance & Asset Protection in Industrial Sector. Potential restraints include: Shortage of Skilled Workforce and Low Capital Investment. Notable trends are: Oil and Gas Sector to be a Major Demand Driver.

Nigeria, like many nations in the world, is embattled by a housing shortage. It has a housing deficit running to 20 million. There has been a proposition that Off-Site Construction (OSC), because of its speed of erection, can help in combating the housing shortage. however, for it to be adopted in society, some factors have to be considered. what then are these factors and which of them are most critical to successfully adopting OSC within the Nigerian context? This work is researched by utilizing prediction capabilities for OSC adoption in Nigeria. Data was collected through questionnaires from industry players within the Nigerian construction industry (Boothman et al., 2014.; Brannen & Moss, 2012). First, literature relating to OSC and its adoption was sourced through scholarly search engines like Google Scholar and Scopus (Almalki, 2016; O'Neill & Organ, 2016). The literature survey used key search words and phrases such as adoption, Design for Manufacture and Assembly, Offsite Construction and Prefab Constructions, and key authors' names. Specifically, research published on the subject between 2000 to 2021 were considered. A review of these papers informed the potential critical factors responsible for low DfMA adoption in Nigeria.

The questionnaire was developed in Microsoft form. Using a purposeful sampling technique (Palinkas et al., 2015), the form link was administered to relevant key players in the Nigerian construction industry through e-mails and social media platforms for responses. The targeted responders were architects, civil/structural engineers, electrical engineers, mechanical engineers, building engineers, town/urban planners, quantity surveyors, contractors, academics, real estate investors, and developers. They were considered because they are thought to be actively involved in everyday construction processes in the country and involved in making and taking decisions bordering around the choice of building materials to be used on projects. The research outcome identifies seven (7) best performing algorithms: Decision Tree, Random Forest, K-Nearest Neighbour, Extra-Trees, AdaBoost, Support Vector Machine, and Artificial Neural Network. It also reported finance, awareness, use of Building Information Modeling (BIM), attitude and belief in OSC as the main influencing factors. Availability of expertise knowledge, favourable exchange rate and skilled personnel as other underlining influencing factors. It was concluded that with detailed attention paid to the identified factors, OSC usage could find its footing in Nigeria and, consequently, Africa. The models can also serve as a template for other regions where OSC adoption is being considered.

The prices for the cheapest newly built housing in two African countries, Sudan and South Sudan, exceeded ****** U.S. dollars in 2024. In the Seychelles, the price of the most affordable housing was about ****** U.S. dollars. Nigeria, Kenya, and Egypt all had house prices under 10,000 U.S. dollars.

The Nigeria Geospatial Analytics market, valued at $80 million in 2025, is projected to experience robust growth, with a Compound Annual Growth Rate (CAGR) of 5.94% from 2025 to 2033. This expansion is driven by increasing government investments in infrastructure development, a burgeoning need for precise land management solutions within the agricultural sector, and the rising adoption of geospatial technologies across various industries like mining, real estate, and transportation. The market's segmentation reveals strong potential across diverse end-user verticals. Agricultural applications are likely to lead, followed by utility and communication, defense and intelligence, and government sectors. The increasing use of precision agriculture techniques, coupled with the need for efficient resource management, fuels this demand. Furthermore, the integration of advanced technologies like AI and machine learning within geospatial analytics platforms is expected to enhance accuracy and efficiency, fostering further market expansion. The competitive landscape showcases a mix of international giants and local players. Major players like Autodesk, Trimble, Esri, and Hexagon are leveraging their established presence and technological expertise to capture significant market share. However, local companies like Geodata Nigeria and Sambus Geospatial Services are well-positioned to capitalize on the growing demand for localized solutions and services. The market's growth trajectory suggests significant opportunities for both established firms and new entrants, but success hinges on providing customized solutions tailored to the specific needs of the Nigerian market and navigating the challenges associated with data infrastructure and technological adoption. The forecast period will see substantial growth primarily driven by the continued adoption across various sectors, increased government initiatives supporting digital transformation, and strategic partnerships between international and local players. Recent developments include: April 2023: Abuduganiyu Adebomehin, the Surveyor General of the Federation (SGoF), has praised Sambus Geospatial Nigeria Limited, a provider of solutions, for its dedication to the promotion of a producing high-quality, accurate, and real-time geographic data for Nigeria. The Office of the Surveyor General of the Federation (OSGoF) donated five copies of mapping software (ESRI Arc GIS Pro Advance with ten extensions), which the SGoF accepted in exchange for the praise.. Key drivers for this market are: Commercialization of spatial data, Increased smart city & infrastructure projects. Potential restraints include: Commercialization of spatial data, Increased smart city & infrastructure projects. Notable trends are: Commercialization of spatial data would drive the market in Nigeria.

GlobalData expects Nigeria’s construction industry to contract by 12.8% in 2020, and foresees that weak public investment, alongside limited foreign direct investment (FDI) amid the global economic downturn, will push Nigeria into a steep recession. The negative impact from the Coronavirus (COVID-19) pandemic, lockdown measures and low oil prices has already been felt across all sectors, especially in retail and real estate. Read More

The Nigerian facility management (FM) industry is experiencing robust growth, driven by increasing urbanization, a burgeoning commercial real estate sector, and a rising demand for efficient and cost-effective property management solutions. The market, currently valued at approximately (estimated based on CAGR and limited data) ₦XX million in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 5.40% from 2025 to 2033. This growth is fueled by several key factors. The increasing adoption of outsourced facility management services, particularly bundled and integrated FM solutions, reflects a shift towards specialized expertise and optimized operational efficiency. The expanding commercial and industrial sectors are significant drivers, with a heightened focus on maintaining high-quality infrastructure and creating productive work environments. Furthermore, the growing awareness of sustainability practices within the built environment is influencing the demand for environmentally friendly FM services, including green building maintenance and energy efficiency improvements. The institutional and public/infrastructure segments also contribute substantially, as governmental bodies and educational institutions increasingly seek professional management of their vast property portfolios. However, industry growth is not without its challenges. These include limited skilled labor, particularly in specialized areas like integrated FM, and potential regulatory hurdles impacting the operational efficiency of FM providers. Competition among existing companies, including both domestic players such as Total Facilities Mgt Ltd, Greenkey Facility Management Services, and international firms, is also expected to intensify. To maintain momentum, FM companies will need to focus on innovation, technological advancements (e.g., smart building technologies, predictive maintenance), and the development of specialized expertise to meet the evolving needs of their clients. Investment in training and talent development will also be crucial for addressing the skills gap and ensuring the long-term sustainability of the Nigerian FM industry. The segmentation of the market, encompassing hard and soft FM services and various end-user categories, presents ample opportunities for specialized players to gain a competitive edge. Recent developments include: June 2021 - Nigerian National Mirror Committee (NMC) of the International Organisation for Standardisation (ISO) Technical Committee announced that it had planned a maiden Stakeholders Round Table on the subject (ISO/TC 267) under the auspices of the Standards Organisation of Nigeria (SON) to promote facility management practices in Nigeria., February 2021 - To expand its presence in the Nigerian facility management market, Starsight, one of the prominent West African Commercial and Industrial ('C&I') solar power providers, invested in UPDC Facility Management Limited, which is a joint venture with UACN Property Development Company PLC.. Key drivers for this market are: Surge in Construction Activities due to increasing Urbanization, Increasing Awareness About Proactive Maintenance & Asset Protection in Industrial Sector. Potential restraints include: Surge in Construction Activities due to increasing Urbanization, Increasing Awareness About Proactive Maintenance & Asset Protection in Industrial Sector. Notable trends are: Oil and Gas Sector to be a Major Demand Driver.

According to Cognitive Market Research, the global Insurance For Insurance For High Net Worth Individual (HNWIs) market size was estimated at USD 103514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2,05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

The GCC Countries Insurance For Insurance For High Net Worth Individual (HNWIs) market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 886.08 million in 2024. Insurance For Insurance For High Net Worth Individual (HNWIs) sales flourish due to the presence of major market players.
The Egypt Insurance For Insurance For High Net Worth Individual (HNWIs) market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 217.38 million in 2024.
The South Africa Insurance For Insurance For High Net Worth Individual (HNWIs) market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 327.10 million in 2024. Insurance For Insurance For High Net Worth Individual (HNWIs) sales flourish in South Africa due to growing financial services sector are boosting awareness.
The Turkey Insurance For Insurance For High Net Worth Individual (HNWIs) market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 178.04 million in 2024.
The Nigeria Insurance For Insurance For High Net Worth Individual (HNWIs) market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 217.38 million in 2024.
The Rest of MEA Insurance For Insurance For High Net Worth Individual (HNWIs) market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 244.29 million in 2024.

Latin America's Insurance For Insurance For High Net Worth Individual (HNWIs) market will be USD 5175.71 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. The Middle East and Africa region is growing in the insurance market for high-net-worth individuals (HNWIs) due to the rising wealth in countries like the UAE and South Africa. The increasing number of affluent individuals is driving demand for tailored insurance products to protect luxury assets, including real estate and art. Additionally, economic diversification efforts and the region's growing financial services sector are boosting awareness and adoption of specialized insurance solutions.

The Bahrain co-working office space market exhibits robust growth potential, projected to reach a market size of $18.94 million in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 6.26% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing number of startups and small-to-medium-sized enterprises (SMEs) in Bahrain seeking flexible and cost-effective workspaces is a significant factor. Furthermore, the growing preference for collaborative work environments and the need for enhanced networking opportunities among professionals contribute to the market's dynamism. The market is segmented by end-user (personal, small-scale company, large-scale company, other), type of space (flexible managed office, serviced office), and application (IT & ITES, legal services, BFSI, consulting, others). The presence of established players like Regus and Servcorp, alongside local providers such as Diwan Hub and The Startup Factory, indicates a competitive landscape with diverse offerings catering to specific needs. While data limitations prevent precise regional breakdown, the overall market trajectory suggests continued expansion driven by ongoing economic diversification efforts in Bahrain and a burgeoning entrepreneurial ecosystem. The market's growth trajectory is expected to remain positive throughout the forecast period (2025-2033). Factors like increasing government initiatives promoting entrepreneurship and technological advancements further enhance market prospects. However, potential restraints include economic fluctuations and competition from traditional office spaces. The dominance of specific segments, such as IT and ITES within the application segment, suggests potential for targeted marketing and investment strategies. The continued expansion of the co-working sector hinges on the adaptability of providers to evolving business needs and the sustained growth of the entrepreneurial landscape in Bahrain. Future analysis should focus on specific regional trends and a detailed competitive analysis of the key players within the market. Recent developments include: June 2023: Hope Ventures, the investment arm of Bahrain-based Hope Fund, has joined hands with Seef Properties to launch its co-working space 'HQ' in the kingdom. The HQ, which is spread over a 1,085 sq m area at Seef Mall, is pipelined to officially welcome its tenants starting from this September. It will act as the actual headquarters that brings together entrepreneurs, investors, partners, legislators, and government representatives all in one space, thus creating a network and community that boosts opportunity facilitation in Bahrain., In June 2022: Tunisian edtech startup GOMYCODE raised USD 8M to expand across Africa and the Middle East. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. It also plans to deepen its presence in the countries already present, especially Egypt and Nigeria.. Key drivers for this market are: Increasing number of startups. Potential restraints include: Increasing number of startups. Notable trends are: Increase in Foreign Investment to Boost the Economy.