Alaro City

Universal Homes

Universal HUniversal Homes, Launches $90 Million Affordable Homes Development in Alaro City

In collaboration with Alaro City, Universal Homes handed over the first 48 units of Universal One apartments. The development of the 576-apartment project, valued at USD 90 million, marks a significant milestone for new homeowners and the broader housing sector in Nigeria, which faces a housing deficit estimated at over 20 million units. The housing shortage in Nigeria has been a persistent challenge, with millions of citizens unable to access affordable and quality homes. The rapid completion of the Universal One apartments, built using an advanced formwork construction method, is a testament to the potential of innovative building techniques to address this deficit.

“The decision to develop Universal One in Alaro City aligns with the company’s objective of identifying locations with the best long-term growth potential for home investors. Universal One is poised to be a model for future developments within Alaro City, exemplifying how modern, affordable housing can seamlessly integrate into a dynamic urban setting.” – John P. Latham, Executive Director of Universal Homes FZE.