The real estate market in Accra is growing significantly every year. Growth in the oil, mining and energy sectors has strengthened Ghana’s economy. By combining this with a stable political situation, Ghana has come into focus for investors.
Following GDP growth of around 3–4% in 2023, Ghana’s economy is expected to grow rapidly in the following years. This has made Ghana a favourable landscape for corporate branches, diaspora movements and the development of a stronger middle class.
In this context, luxury apartment investors are trying to make a significant difference from others, and this is where Capemay Properties has taken a different approach: height is the answer. Selton Skye has been the biggest investment in the luxury apartment market, and the project’s development has become a case study.
Here, we will provide a general overview of how the real estate market is shaping in the Accra area, how Capemay found an opportunity in height, what services are included in Selton Skye, and an in-depth examination of why it represents a smart move.
Real Estate Market Overview
Urbanisation is a phenomenon that Ghana, but in particular Accra, is experiencing. Many national citizens are moving to city centres for new opportunities; Accra’s population is expected to grow by up to 65% by the end of 2030. Rising incomes, driven by growth in oil, gold, and services, are pushing up urban demand.
In addition, the 3 million diaspora residents abroad are now finding strong investment opportunities in Accra, mostly in the luxury estate market. As a consequence, Accra is increasingly being compared to the Gulf’s luxury residential boom, with a shift towards a mix of luxury apartments and 5-star hotels. Investors are interested in new shapes and facilities rather than aesthetics alone; buyers in this bracket have increasingly sophisticated expectations.
The key trends currently reshaping architecture in Accra are:
- Resort-style amenities: primarily built in the Madison Airport residential area, these buildings offer all the facilities of a 5-star hotel, including rooftop bars, huge swimming pools, gyms, and smart home technology.
- Luxury Smart-home: new apartment projects include an automated control system. Any resident can control lights, security, thermostat, TV, and stereo with their voice.
- Hotel-like services: new buildings offer a 24/7 concierge available to handle calls and visits, housekeepers, and room service.
- Sustainable energy options: in every project, LED lights, solar panels, and green rooftops are included, as a sustainable environment is part of middle-class investors’ demands.
- Use of high-quality materials and original design: the best materials are imported from around the world to create a premium living environment. Large windows to make the most of all-day natural light and en suite bathrooms give Accra’s architecture a taste of modernity.
Capemay Properties: How Property Developers in Ghana are Reshaping the Luxury Market
Before analysing the Selton Skye project in depth, it is necessary to provide an overview of how we got so far. Capemay Properties was founded in 2008 as a family-run company. The main ambition was to deliver quality buildings at competitive prices. Transparency and significant rewards for investors are the main business values. Since its inception, the company has reshaped the real estate landscape in Accra and other main urban centres and has emerged as a globally recognised developer. Capemay has delivered world-class projects with remarkable attention to detail.
Our project portfolio is our story. Recent achievements include The Signature Apartments, Park Ridge Estate, Kasa Global, Nicholas Plaza and Amenfi Plaza, which have transformed urban living and altered Accra’s skyline.
The Signature Apartments, our most recent completed landmark, successfully reached over 200 residential units. It includes wellness amenities and luxury facilities, such as a rooftop swimming pool, sky lounge, fitness centre, tennis court, cinema, bowling alley, pharmacy, and grocery store.
Capemay Properties was awarded the 2023 Best Residential Developer of Luxurious Apartments in Ghana at the fifteenth edition of the Ghana Property Awards (GAPOA). The evaluation considered construction technology, green initiatives, quality and community contribution. Our CEO, Eunice Adjei-Bonsu, was simultaneously recognised as Real Estate CEO of the Year at the Ghana CEO Awards.
The latest building under development is Selton Skye, our most ambitious and promising project.
What Makes Selton Skye Stand out
In such a competitive market, the projects that win are those with a clear identity, and Selton Skye definitely has one. Selton Skye represents the Ghanaian Adinkra symbol NSAA, delivering excellence and careful attention to detail. This is a statement of intent: every decision made in the building’s design and construction has its roots in Ghanaian cultural values, not just international aesthetics.
Built on 30 distinct above-ground levels and with an incredibly original shape, it promises to be a revolutionary building in Accra and to rewrite the history of luxury apartments. Units are available as one-, two-, and three-bedroom apartments, with full penthouse suites at the summit, giving buyers and investors a range of entry points.
Each apartment has been designed with soaring ceilings, floor-to-ceiling glass walls and open-concept layouts that blend indoor and outdoor living. Gourmet kitchens feature custom cabinetry and marble islands, while each bedroom offers an en-suite bathroom and high-end finishes.
A sky lounge, a state-of-the-art fitness centre, a cinema, co-working spaces, and an on-site grocery store and pharmacy create a self-contained ecosystem that allows residents to meet their daily needs without leaving the building. Doorstep food delivery, 24-hour concierge and security services are the perfect finishing touch.
The building is committed to sustainability goals. The implementation of technologies like natural lighting, ventilation, and water storage ensures that luxury living aligns with environmental responsibility.
Location: Why North Dzorwulu
The Airport corridor has become the most ambitious location under investors’ scrutiny. The reason for this common interest is the intersection of everything that matters in the city: corporate headquarters, reputable institutions such as Tullow Oil, Nestlé Ghana, 335 Place and BOST Energy, top international schools and first-class hospitals, along with connectivity, and a residential character that remains genuinely liveable despite its central position. Therefore, Selton Skye is strategically located in North-West Airport, along the George W. Bush Highway.
It is a suitable location for business travellers and expatriates who value time as much as space, and believe that proximity is a daily advantage. The area is also well-served for everyday life. In short, residents at Selton Skye are close enough to everything to stay connected, and far enough from the noise to come home to a quiet, safe environment.
Real estate companies in Ghana, Accra: the value of investing in Capemay
Buying into a luxury development in Accra is an increasingly data-supported move. Prime residential areas in Accra, including the Airport Residential Area, have seen property values surge by 20–25% since 2020. The total ROI combines capital gains and rental income and is projected at a healthy 12–15% for 2025 in Accra’s top suburbs
As anticipated, rental values have risen sharply, with monthly rents for premium three-bedroom apartments in the Airport corridor often ranging from $1,500 to $2,500. For investors seeking exposure to that market without the burden of day-to-day management, Capemay offers a direct answer. We offer an end-to-end investment experience providing a hands-off approach. Our in-house rental team can rent and manage a property on the owner’s behalf. We provide full rental services, while property consultants can also handle resale when the time comes.
The combination of a growing market and the right management makes Selton Skye one of the more compelling cases Accra can currently offer.
Summary
At Capemay, we have a proven track record of delivering on ambitious luxury properties. Over 18 years of business, we have refined our process while helping to transform Accra’s skyline. We’ve done so by combining our local knowledge with a commitment to high International standards.
This philosophy continues to attract buyers seeking premium assets that are globally competitive yet firmly rooted in Ghana’s urban future.
Contact Us
For private enquiries or further information, Capemay Properties can be contacted through its official sales office.
+233 24 287 2832 or +233 27 010 1826
