Roomeo

What Roomeo does

Roomeo (legally Roomeo Construct Limited) is a Nigerian real estate developer headquartered in Abuja that builds and sells ready-made, fully finished and furnished residential apartments. Founded in 2022 by serial entrepreneur Doyin Adewola following the sale of his prior venture, Box Office Hub (a coworking operator he had bootstrapped to roughly $1.5M in annual turnover over six years), Roomeo targets individual homebuyers, real estate investors, Airbnb entrepreneurs, and — via a fractional model — everyday Nigerians such as teachers and nurses seeking accessible property ownership. The company is privately held, bootstrapped, and operates with a small leadership team of fewer than 10 named executives including a COO and partnership lead.

The company's core products are three named residential apartment developments in the Kaura district of Abuja: The Sequence 1 (2-bedroom, 1,500 sq ft, priced at $80,000 USD), The Sequence 2 (3-bedroom, 1,900 sq ft, $100,000 USD), and The Sequence 3 (2-bedroom, 1,950 sq ft, $90,000 USD). Each unit is delivered turnkey with flooring, ceilings, painting, kitchen cabinetry, gas cookers, bathroom fittings, furniture (beds, sofas, dining sets), appliances (washing machine, refrigerator, microwave, dishwasher, air conditioning), solar panels and inverters, security cameras, and smart-home integrations, enabling immediate occupancy or rental deployment without further capex by the buyer. Properties are sold either ready-made or via an off-plan pre-order system with flexible 6/12/15-month installment schedules and discounts for full upfront payment; delivery timelines are stated at 12–15 months. Property titles vary by project between Deed of Sublease and C of O.

Roomeo generates revenue primarily through one-time apartment sales (both off-plan pre-orders and ready-made units) and secondarily through recurring property management and Airbnb/short-let hosting support services (listing creation, guest management, tenant screening, lease management, maintenance coordination, rent collection). Go-to-market is digital-first: the company website (roomeo.ng) serves as the primary discovery, listing, and pre-order platform, supported by in-house expert real estate agents who handle site visits, virtual tours, and closings. A fractional property investment model is being used to broaden the buyer pool. The company reports 7 completed projects, 90+ clients served, and 10+ properties sold, and has publicly signaled geographic expansion into Lagos, New York, and Johannesburg.

Name

Roomeo

Legal name

Roomeo Construct Limited

Website

https://roomeo.ng

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Roomeo is a Nigerian real estate developer building turnkey, fully furnished apartments in Abuja for individual homebuyers, real estate investors, and Airbnb hosts, sold via off-plan pre-orders or ready-made units with property management and fractional investment services.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Rental and Leasing Services (532), Rooming and Boarding Houses, Dormitories, and Workers' Camps (721310)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Residential Accessory Dwelling Units (ADUs) & Backyard Homes (IMAFABAK)

akta.pro secondary industry

New-Listing Onboarding, Setup & Launch Services (THAMAKAO)

Keywords

• Ready-made apartments
• Furnished residential properties
• Off-plan real estate
• Property management services
• Airbnb hosting support

Headquarters

HQ city

Abuja

HQ country

Nigeria

HQ region

Africa

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Property Sales - Off-Plan Pre-orders: Selling apartments before completion at discounted prices. Buyers make down payment followed by scheduled installments (6, 12, 15 months) through delivery. Full payment upfront qualifies for discounted price.
2. Ready-Made Apartment Sales: Sale of fully finished and furnished apartments ready for immediate occupancy. Properties include The Sequence series priced at $80,000-$100,000 USD.
3. Property Management Services: Property management and Airbnb hosting support services including listing, guest management, tenant screening, lease management, maintenance coordination, and rent collection.
4. Fractional Property Investment: Model allowing everyday people including teachers, nurses, and small business owners to invest in real estate together through a fractional property investment approach.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Roomeo builds and sells fully finished, furnished apartments in Abuja, Nigeria - including the Sequence 1, 2, and 3 product lines - delivered ready for immediate occupancy, rental, or Airbnb hosting. The company also provides property management, real estate investment advisory, and Airbnb/short-let hosting support services, with off-plan pre-orders available through flexible 6, 12, and 15-month payment plans.

Product overview

Roomeo is a real estate company offering ready-made, fully finished and furnished apartments for living or business purposes. The product portfolio consists of three named property products (The Sequence 1, The Sequence 2, and The Sequence 3) - residential apartments in Abuja, Nigeria ranging from 2-3 bedrooms at $80,000-$100,000 USD. These are complemented by service modules including property buying/selling assistance, real estate investment advisory, property management, off-plan pre-order purchasing, and Airbnb/short-let hosting support. The apartments come equipped with solar panels, security systems, air conditioning, and smart home features, and are optimized for both residential living and rental income generation.

Differentiator

Problem solved

Functional benefit

Products and services

• The Sequence 1 A 2-bedroom, 1,500 sq. ft. fully finished and furnished apartment in Kaura, Abuja, with 3 bathrooms and 3 assigned parking spaces. Priced at $80,000 USD, includes solar panels, pool, elevator, and security cameras. Ready for immediate occupancy or rental.
• The Sequence 2 A 3-bedroom, 1,900 sq. ft. fully finished and furnished apartment opposite Suncity Estate Kaura, Abuja, with 4 bathrooms and 1 assigned parking space. Priced at $100,000 USD, includes solar panels, pool, elevator, and security cameras.
• The Sequence 3 A 2-bedroom, 1,950 sq. ft. fully finished and furnished apartment opposite SunCity Estate, Kaura, Abuja, with 3 bathrooms and 1 assigned parking space. Priced at $90,000 USD, includes solar panels, garden, pool, and free internet.
• Property Management Service Rental and commercial property management service for property owners, including tenant screening, lease management, maintenance coordination, rent collection, and financial reporting. Targets owners of Roomeo apartments and other rental properties.
• Airbnb & Short-Let Hosting Support Service supporting property owners in listing and operating Airbnb / short-let rentals, including listing creation, guest management, and short-term rental optimization. Geared toward investors using Roomeo apartments for rental income.

Quantifiable outcome

• Projects completed: 7, Happy Clients: 90+, Properties Sold: 10, Locations: 4
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Kasa: Kasa operates furnished, tech-enabled apartments across multiple U.S. cities with both short- and long-stay configurations. Roomeo targets a similar furnished, tech-enabled living experience in Nigeria and expanding to the U.S. via New York.
• Hostaway: Hostaway provides vacation rental management software covering listing distribution, guest communication, and cleaning workflows. It overlaps directly with Roomeo's property management and Airbnb hosting support offering.
• Arrived Homes: Arrived Homes enables fractional ownership of single-family rentals with passive income to investors. Roomeo's fractional property investment targeting everyday Nigerians pursues the same democratized real estate investing thesis.
• Guesty: Guesty is a property management platform built for short-term rental operators handling listings, guest communication, and channel management. Roomeo's Airbnb hosting support service competes in the same operational layer for furnished rental hosts.
• Blueground: Blueground provides fully furnished, move-in-ready apartments for month-plus stays with optional property management for owners. Roomeo's furnished apartments optimized for living or Airbnb income align closely with Blueground's flexible-stay rental model.
• Fundrise: Fundrise is a fractional real estate investing platform letting everyday investors buy into income-producing properties. Roomeo's fractional property investment model for teachers, nurses, and small business owners is a direct analogue in a developing market.
• Sonder: Sonder operates fully furnished, design-led apartments marketed for both short-term and extended stays. Roomeo mirrors this turnkey furnished model while adding a property development and ownership layer for buyers and fractional investors.
• Vacasa: Vacasa is a large-scale vacation rental manager handling listings, pricing, housekeeping, and guest support. Roomeo's Airbnb co-hosting and property management service competes in the same short-let operations space, albeit at a smaller, Nigeria-focused scale.

Regional players

• PropertyPro: PropertyPro is one of Nigeria's largest real estate marketplaces for buying, renting, and listing properties. It is a regional peer sharing Roomeo's Nigerian buyer base, though it operates as a marketplace rather than a developer of furnished units.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/roomeoconstruct
• Facebookfacebook.com/roomeoconstruct

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Roomeo