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If you asked someone in Nigeria if they had a mobile phone about 30 years ago, you most likely would have received a weird look. In 2001 they were finally introduced to mobile phones, and today they carry a 36% smartphone adoption rate. This exact trend is what people can expect for “Smart Cities” in years to come. It’s been projected that by 2050 there will be a small number of countries where rural residents will be above the urban population. If you look back in history, two significant factors shaped real estate in our day and age. First, there is the global population growth which is then followed by an increase in cities needed to house the growing population. When two big things like this happen at the same time, it calls for more help.

 

In Lagos, Nigeria, the Eko Atlantic smart city is very far in development with technology. The cities Vice Chairman, Ronald Chaoury Jr., shared that the goal is to build an eco-friendly city that is sustainable and self-sufficient for all of its residents to come. The same mobile devices changed the way people communicate, a city like Eko Atlantic will make its mark in the real estate industry.

 

Being a smart city doesn’t mean you have to run solely on electricity, but they use more advanced technologies than a regular city. To successfully do so, cities may have to use new technologies that have never been used before. For example, the United Nations shared ways for the property industry to help the rising global temperatures, but it needed new technologies. 

 

One of the biggest questions is if Eko Atlantic City has what it takes to evolve into a technologically advanced city. Across the city, there will be 24/7 reliable electricity, advanced telecoms, and clean water that have all been installed beneath the streets. Eko Atlantic has also created state-of-the-art infrastructure designs that include tech-drive roads and underground drainage pipes. Some of the other advantages that developers and residents will be able to take advantage of include:

  • Elevated streets to accommodate above-ground parking
  • Two marinas connected by the cities internal waterway
  • Land is delivered with utility services connected
  • Wastewater treatment
  • 10.2km long waterfront

 

There is no doubt that Eko Atlantic City will play a significant role in redefining smart cities.