Universal One at Alaro City: A $90 Million Residential Milestone Reaches New Heights

Alaro City, in partnership with Universal Homes, handed over an additional 48 units of apartments to their owners, marking the second phase of the Universal Homes project within Alaro City.

This handover, following the initial 48 units in August 2024, underscores Alaro City’s commitment to deliver the 576 units apartment building valued at $90 Million.

Located off the eight-lane Main Boulevard in Alaro City, Universal One also boasts of 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 advance technology that allows an entire floor to be completed with 7 days. This technology is 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 Yomi Ademola, Managing Director of Alaro City. “We are thrilled to welcome more residents to Alaro City, a place where modern conveniences meet sustainability in a thriving community.”

Chairman, West Africa for Rendeavour and Managing Director at Alaro City, Mr. Yomi Ademola, in his speech, remarked that “we celebrate not just individual achievements but a collective vision brought to life. Universal One at Alaro City stands as the largest residential development in the Lekki Free Zone, a reflection of the potential unlocked through strategic urban planning and committed investment. This milestone highlights the growing confidence in Nigeria’s real estate sector and in Alaro City Free Zone, with both local and international (including diaspora) investors recognizing 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.”

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

Alaro City hosts the largest residential development in the Lekki Free Zone. With a mix of residential, commercial, and recreational spaces, Alaro City is fast becoming a beacon of sustainable urban living and economic growth in Nigeria.

Alaro City is conceived as a 2,000-hectare city development located within the Northwest Quadrant of the Lekki Free Zone. Alaro City has a registered and unencumbered C of O title and is furnished with industrial grade standard roads (including an 8-lane, 60-meter-wide boulevard which is one of the largest privately owned roads in Africa), 24-hour electricity via our privately owned IPP, water, drains, sewage as well as access to ICT. 

Rendeavour is Africa’s biggest new city builder endorsed by the Economist magazine. By providing secure land title, world-class master planning, high-quality infrastructure and utilities, Rendeavour de-risks large land holdings for city-scale developments. Our mixed-income cities provide homes, offices, industrial areas, schools and hospitals, allowing residents to live, work and play without the daily burden of commuting into and across congested regions.