A new residential development, Fab Luxury Court, has been officially launched in Maryland, Ikeja, Lagos, with construction commencing following a groundbreaking ceremony.
The project will feature one-bedroom, two-bedroom, and three-bedroom apartments, according to the developers.
The launch drew key stakeholders from the real estate sector, including developers, investors, and representatives of partner organisations.
Among the attendees were Tony Aspire, Chairman of REDAN Lagos; Adeyemi Adeniyi, Chairman of REDAN Ogun State; Jeffrey Itepu and Damilare Oshokoya, CEO and COO of Abode; Elujoba Daniel, MD/CEO of Assuredway Investment Ltd; Olanipekun John and Awodire Victor, Directors of Trustworth Homes and Properties Ltd; Adeola Ugwuoke, CEO of Deo Equitable Homes; and other industry figures. Some guests were represented by delegates, including Daskabi Siyasoya.
The project comes amid Nigeria’s growing housing deficit, particularly in urban centres such as Lagos, where rapid population growth, urban migration, and rising construction costs have left demand for well-finished residential apartments on the mainland outpacing supply.
Speaking at the event, CEO of FAB Realty, Ayomikun Adebayo-Oyetoro, said the decision to site the project in Maryland was informed by client inquiries and demand for residential apartments on the Lagos mainland.
She noted that while high-end developments are largely concentrated on Lagos Island, mainland locations remain underserved despite rising demand, leaving prospective homeowners with limited options.
“We realised that a lot of our clients are constantly asking for good apartments on the mainland. Most times, when they find apartments on the mainland, the quality is not the same as what they see on the Island. That gap is what informed this project.
“The idea was not to abandon the mainland or keep concentrating developments on the Island alone. We want to respond to what our clients are asking for by providing apartments that meet modern standards, but are located on the mainland,” Adebayo-Oyetoro said.
She also highlighted Maryland’s strategic location, citing its accessibility to key parts of Lagos and beyond.
“Maryland is about ten minutes to the airport, about fifteen to twenty minutes to Ikoyi, and it gives easy access to routes leading out of Lagos, including Ibadan. Location was a major factor in choosing this site,” she said.
Industry observers noted that Adebayo-Oyetoro’s role in driving the project reflects the growing participation of women in Nigeria’s real estate sector, a space traditionally dominated by men. In recent years, more women-led firms have emerged, championing residential developments aimed at addressing housing gaps and expanding access to quality homes.
Adebayo-Oyetoro said the project was conceived to respond to housing demand while contributing to urban development in Ikeja and its surrounding areas.
“What we are trying to do is respond to demand by adding quality housing stock to the mainland. It is about meeting the needs of people who want comfortable and well-finished apartments without necessarily having to move to the Island,” she said.
Fab Luxury Court is expected to add to the supply of apartment housing in the area as construction progresses.
