Why Nigerians should invest in real estate despite economic headwinds – Omoloja

Why Nigerians should invest in real estate despite economic headwinds – Omoloja
The Founder of Dunis Space & Realty Ltd, Olufunmilola Omoloja

The Founder of Dunis Space & Realty Ltd, Olufunmilola Omoloja, has said strategic investment in real estate remains one of the most reliable ways for Nigerians to preserve wealth despite inflation, rising construction costs, and economic uncertainty.

Omoloja, who spoke in an interview with Housing TV Africa, said the company was established to address persistent challenges facing property buyers, including land fraud, poor documentation, and a lack of transparency in the real estate sector.

She said the firm’s mission extends beyond selling properties to helping individuals and families build long-term wealth through secure and informed investments.

“We recognised that many Nigerians were losing money to fraudulent land transactions and poorly structured investments. That inspired us to build a company that prioritises integrity, due diligence, transparency, and client education,” she said.

According to her, real estate has continued to prove resilient even during periods of economic instability, with well-located properties appreciating over time while generating rental income for investors.

She added that beyond helping individuals grow their wealth, investments in the property sector stimulate economic activities and create jobs across construction, engineering, architecture, finance, legal services, and facility management.

“Every genuine real estate investment supports infrastructure development and contributes to national economic growth,” Omoloja said.

On concerns over fraudulent property transactions, the real estate entrepreneur said Dunis Space & Realty subjects every property to extensive verification before recommending it to clients.

She explained that the company verifies ownership documents, confirms title status with relevant government authorities where applicable, assesses developers’ credibility, conducts physical site inspections, and ensures transparency throughout the transaction process.

“We also educate clients on the importance of proper documentation and discourage rushed investment decisions. Our goal is to ensure every client invests with confidence, knowing the property is legally secure and positioned for long-term value,” she said.

Speaking on Nigeria’s housing deficit, Omoloja said the private sector must complement government efforts by promoting affordable housing, partnering with credible developers, and encouraging responsible property development.

According to her, greater collaboration between the public and private sectors would improve access to quality housing while supporting national development.

She also called on industry players to embrace innovation, transparency, and sustainable development to make housing more accessible across different income groups.

Speaking on the company’s long-term plans, Omoloja said Dunis Space & Realty aims to expand across major cities in Nigeria, strengthen strategic partnerships, and deploy technology to simplify property transactions for both local and diaspora investors.

She advised young professionals to begin investing in real estate early, stressing that wealth creation is driven by consistency and informed decision-making rather than the size of one’s initial investment.

“I want young Nigerians to know that real estate is not only for the wealthy. Even modest investments made today can create substantial wealth over time,” she said.

She also urged Nigerians in the diaspora to transact only with reputable real estate firms that prioritise transparency and proper documentation.

“Investing in Nigerian real estate remains one of the strongest ways to build generational wealth, maintain a connection with home, and contribute to national development,” Omoloja added.