Real Estate
Sterling Realties Development Company
Sterling Realties Development Company (SRDC), incorporated in December 2003; is a real estate development firm wholly owned by MBO Capital Management Ltd. We deliver a range of real estate solutions, including the development and sale of landed properties, as well as refurbishment and construction services.
At SRDC, every successful development begins with meticulous research and strategic planning. We carefully analyse market trends, local demographics, and site conditions to ensure each project is both viable and aligned with our long-term vision.
Our approach focuses on creating homes that seamlessly blend quality, sustainability, and functionality. From single-family residences to expansive multi-family communities, our developments are designed to offer an exceptional living experience. Through thoughtful planning, innovative design, and eco-friendly construction techniques, we create properties that stand the test of time and provide lasting value.
Our flagship project, Maiyegun Beach Estate, is located in Lekki along the Atlantic Ocean and is accessible via the Lagos-Calabar Coastal Road. Spanning 50 hectares, the development offers modern amenities and residential plots of various sizes. Sterling Realties is also actively pursuing other exciting projects. Stay tuned for updates on our upcoming developments.
Maiyegun Beach Estate
Set along the pristine coastline of Lekki – an address long associated with exclusivity and prestige – Maiyegun Beach Estate represents a rare opportunity to own property within Lagos’ first truly luxury beachfront residential community.
Strategically accessible via the Lagos-Calabar Coastal Road, the development is uniquely positioned to deliver both lifestyle excellence and strong investment potential. Its expansive shoreline provides a stunning natural backdrop to an enclave of contemporary luxury villas, supported by world-class infrastructure, curated leisure amenities, and a refined waterfront promenade offering uninterrupted ocean views.
Engineered for durability and long-term value, the estate is protected by advanced coastal defences, including reinforced rock breakwaters and groynes, ensuring shoreline stability and safeguarding your investment against ocean encroachment.
Maiyegun Beach Estate offers a fully serviced environment designed to meet the expectations of discerning homeowners and investors alike. Key features include dedicated power infrastructure, modern water and sewage treatment systems, 24-hour security with comprehensive CCTV surveillance, well-paved road networks, pedestrian walkways, covered drainage, street lighting, professional landscaping, and premium recreational facilities.
With its unique combination of beachfront exclusivity, resilient infrastructure, and high-growth location, Maiyegun Beach Estate stands as a compelling investment in one of Lagos’ most promising coastal corridors. The project started in 2017 with the dredging of sand from the Atlantic to build up the level of the plot to allow for proper drainage. In 2019, the infrastructure construction began, with drainage, electrical, water, sewage and other connections running underground. By 2023, the building construction started after 90% of the infrastructure had been completed.
This 50-hectare site has been subdivided into 330 plots, which consist of semi-detached plots, detached villa plots and apartment plots. There is also a recreational centre with a swimming pool, sports complex and boutique shops. All residents of the estate have access to the beach via three walkway entrances. The beachfront has been lined by shoreline protection, consisting of breakwaters, groynes and revetments.
The plots are fully sold out, with almost 30% of the plots already built up.
