DOLPHINS REALTY LATEST BLOG

In today's article, w e're thrilled to share key takeaways from our groundbreaking YouTube Live event, "Leveraging on Property Technology to Enhance Real Estate Sustainability: Enhancing Transparency and Trust in Real Estate Through Technology".  x Let's delve into the enriching discussions that unfolded: Q1: Comparing the Real Estate landscape of the 90s and today, what significant transformation has occurred? The real estate landscape in the 90s was purely manual in the way things were done, for example, the mode of transaction between ’91 and now has changed, the introduction of technology in Nigerian real estate changed a lot as companies like Property Pro who started doing property listing, marketing has been greatly improved by technology. Let’s not fail to also talk about the things that have not improved like the paper-based land registry which has not been updated and is inefficient in taking care of land verifications. As technology increases the rate of...

Many property owners have had horrible experiences of their C of O being revoked by the government and most times they don't know how or why it happened. This article will give you an understanding of how it works and tips to help you avoid C of O revocation.  C of O is evidence of ownership. The actual title document is the document that transfers the title from the previous owner to you e.g., the deed of assignment. Possible reasons why a land title can be revoked. ·         If the property is overriding public interest; this is when the Government requires the land for public purposes, projects, or infrastructure. ·         If the owner breaks a term of the lease; this can happen when there is noncompliance with the terms of the agreement of the lease. For example, when land that is supposed to be used for a specific purpose is not used for that specific purpose. Or when one fails to develop within the ag...

Unlocking Billions in Dead Capital: A New Era for Affordable Housing in Nigeria In a recent groundbreaking announcement, Architect Ahmed Musa Dangiwa, the Minister of Housing and Urban Development, revealed the Nigerian government's ambitious plan to breathe new life into the real estate and agriculture sectors. Their goal? To bridge the country's substantial housing deficit by unlocking a staggering $300 billion in dead capital. This announcement was made during the opening of a two-day conference organized by the Real Estate Developers Association of Nigeria (REDAN) in Abuja. Dangiwa openly acknowledged the challenges that have held back these sectors from reaching their full potential. Represented by Minister of State for Housing and Urban Development, Alhaji Abdullahi Tiani Gwaro, he expressed the ministry's unwavering commitment to dismantling institutional, legal, and bureaucratic barriers that have long hampered sector growth. A Price Waterhouse Coopers report estima...

  Housing is a fundamental human need, yet attaining affordable and accessible housing remains a considerable challenge for many individuals and families around the world. The intersection of affordability and accessibility in housing is a critical aspect of creating sustainable and inclusive communities. In this blog post, we will explore the dimensions of housing affordability and accessibility, and delve into the vital role they play in ensuring the well-being of society. Understanding Housing Affordability Housing affordability is a multifaceted concept influenced by various economic, social, and geographical factors. It refers to the capacity of individuals or households to secure adequate and suitable housing without compromising their ability to meet other basic needs such as food, healthcare, and education. Affordability is typically measured by the ratio of housing costs (including rent or mortgage payments, utilities, and maintenance) to household income. Factors Influenc...

 Land ownership and titles are crucial aspects of real estate and property rights in Nigeria. The acquisition and verification of land titles are fundamental steps in the process of purchasing or transferring property ownership. In this blog, we will delve into an in-depth understanding of Nigeria land titles, their types, significance, and the process of obtaining them. Types of Land Titles in Nigeria 1. Certificate of Occupancy (C of O): The Certificate of Occupancy is the highest form of title one can have over land in Nigeria. It provides proof of ownership and exclusive rights to use, occupy, and manage the land for a specified purpose. A C of O is issued by state governments and is crucial for legalizing land transactions. 2. Deed of Assignment: A Deed of Assignment is a document used to transfer interest, rights, and title in land from the seller (assignor) to the buyer (assignee). While it doesn't confer absolute ownership like a C of O, it establishes a legal relationship ...

  The Port Harcourt Ring Road Project is a significant infrastructural development aimed at enhancing transportation and connectivity in the region. With a total contract value of 195.3 billion naira and an anticipated completion time of 36 months, this project holds immense promise for the city's future. The proposed road will span six local government areas, incorporating six flyovers and a crossing bridge, setting the stage for improved mobility and economic growth. Highlights of the PHC Ring Road Project Significant Investment: The total contract value of 195.3 billion naira underlines the substantial investment being made in this critical road infrastructure. This financial commitment demonstrates a strong belief in the potential positive impact this project will have on the region. Enhanced Connectivity: Covering six local government areas, this project will significantly enhance connectivity across the Port Harcourt region. Improved connectivity is vital for facilitating ea...