Why live and invest in Labone? Labone gives you central Accra living with a residential feel, close to Osu, Cantonments and Accra International Airport. In this Labone area guide, VAAL Real Estate explains what the neighbourhood offers residents and investors, and where MOONBOW, its new Labone development with studios from $101,000 and one-bedroom apartments from $155,000, fits in.
Yet despite its growing collection of restaurants, cafés and modern apartment developments, Labone has retained much of its established residential character. Time Out recently included Labone among its coolest neighbourhoods, noting the area’s transformation from a quiet family neighbourhood into a lively destination for food, culture and modern urban living.
For buyers considering a home or investment property in central Accra, that combination is precisely what makes Labone interesting.
Where is Labone?
Labone sits in a particularly strategic part of central Accra.
Its boundaries place it alongside Cantonments, Osu and Labadi, giving residents convenient access to several of Accra’s major residential, commercial and lifestyle districts.
From MOONBOW in Labone, key landmarks include:
| Destination | Distance from MOONBOW |
| Republic Bank Private Bank, Labone | 0 km |
| Moka’s Resto Cafe | 200 m |
| Palace Mall Labone | 750 m |
| Labone Arcade | 750 m |
| Cantonments Police Station | 1.2 km |
| US Embassy | 2.0 km |
| The Bank Hospital | 2.2 km |
| 37 Military Hospital | 3.5 km |
| Kotoka International Airport | 5.0 km |
These distances are published for MOONBOW by VAAL.
For residents, this means many everyday needs and important destinations remain within a relatively compact part of the city.
For an investor, location has another meaning: the property is positioned close to the places where many professionals, corporate residents, international visitors and expatriates already spend their time.
The Labone Lifestyle
One of Labone’s strongest selling points is that it doesn’t feel solely residential or overly commercial.
You can live here and still have restaurants, cafés, shopping and social destinations close by.
Labone has developed a particularly strong food scene. Contemporary restaurants and cafés sit alongside establishments that have operated in the neighbourhood for years. Time Out describes the area as one of Accra’s livelier food and lifestyle districts, with a variety of international and Ghanaian dining options.
This matters more to property buyers than it may initially appear.
Increasingly, premium urban living isn’t simply about the size of an apartment. Buyers and tenants are asking:
What can I do once I leave the building?
In Labone, the answer extends from dining and coffee to shopping, entertainment and neighbouring Osu and Cantonments.
Shopping and Everyday Convenience
Living centrally should make everyday life simpler.
MOONBOW is approximately 750 metres from both Palace Mall Labone and Labone Arcade, while the development itself is designed to include conveniences such as a mini-mart, pharmacy and café.
That makes the proposition particularly relevant for professionals and residents who value convenience rather than depending on long journeys for basic needs.
And that convenience can also influence rental desirability.
A tenant comparing two similar apartments may ultimately choose the building that gives them easier access to work, shopping, dining and recreation.
Close to Accra’s Diplomatic and Business Districts
Labone benefits considerably from its relationship with neighbouring Cantonments.
From MOONBOW, the US Embassy is approximately 2 km away, while Airport City and Accra International Airport are also readily accessible, with the airport approximately 5 km from the development.
This creates an interesting potential tenant profile for investment property owners, including:
- corporate professionals
- embassy and NGO personnel
- international residents
- consultants and business travellers
- young professionals
- couples
- returning diaspora residents
VAAL specifically positions MOONBOW’s studios and one-bedroom apartments around professionals, individual residents, couples, corporate tenants, international residents and diaspora buyers.
Healthcare Close to Home
Access to healthcare is another factor that becomes particularly important for residents planning to live in a property rather than simply invest in it.
From MOONBOW:
The Bank Hospital is approximately 2.2 km away, while 37 Military Hospital is approximately 3.5 km away.
The combination of healthcare, shopping, banking, dining and airport access reinforces one of Labone’s biggest attractions:
You don’t have to choose between residential living and central-city convenience.
Is Labone a Good Place to Live?
For someone who wants to stay close to central Accra without living directly inside one of its busiest commercial districts, Labone presents a strong balance.
The neighbourhood remains largely residential despite the arrival of newer apartment buildings, businesses, restaurants and corporate offices.
It can therefore appeal to buyers looking for:
Centrality without giving up residential character.
That proposition is particularly attractive for professionals and couples who want access to areas such as Cantonments and Osu while still being able to return to a recognisable residential neighbourhood.
Is Labone a Good Property Investment?
Location alone doesn’t make every property a good investment.
An investor still needs to evaluate the purchase price, apartment size, quality of finish, building management, service charges, amenities and likely tenant profile.
However, Labone has characteristics investors generally look for: an established residential reputation, central location and proximity to business, diplomatic, dining and lifestyle destinations.
Its newer apartment market is also being driven by changing demand. Modern serviced developments are replacing some of the area’s traditional low-density housing, while professional and international residents increasingly seek apartments that combine location with facilities and property management.
That is where the specific development becomes just as important as the neighbourhood.
Introducing MOONBOW: Modern Living in Labone
MOONBOW by VAAL Real Estate is currently under construction in Labone and comprises studio and one-bedroom apartments.
Rather than simply relying on the Labone address, the project has been designed around the way urban residents increasingly use their buildings.
Amenities planned for MOONBOW include:
- swimming pool
- equipped gym
- restaurant/café
- pharmacy
- mini-mart
- children’s area
- game room
- indoor lounge
- office space
- rooftop BBQ area
The smaller apartment formats are particularly relevant to the location.
Studios can appeal to individual residents and investors seeking a more accessible entry point, while one-bedroom apartments widen the potential market to professionals, couples and longer-term occupants.
MOONBOW Apartment Prices
Current published pricing includes:
| Apartment | Size | Starting Price |
| Studio | 32–40 sqm gross | From $101,000 |
| 1 Bedroom | 54–69 sqm gross | From $155,000 |
The stated prices are VAT inclusive according to VAAL’s current Labone investment information.
Who Should Consider MOONBOW?
The Investor
Someone looking for a compact apartment in a recognised central Accra neighbourhood, with potential demand from professional, corporate and international tenants.
The Young Professional
Someone who wants a modern home near many of Accra’s major business and lifestyle districts.
The Diaspora Buyer
Someone who wants an Accra base that can potentially serve as both a personal residence and investment property.
The Couple
Someone looking for a one-bedroom apartment with more privacy while remaining close to restaurants, shopping, healthcare and work.
The International Buyer
Someone seeking an Accra property in an established central neighbourhood close to diplomatic, commercial and transport infrastructure.
Why Labone, Why Now?
The strongest case for Labone isn’t based on one restaurant, one amenity or one new development.
It is the combination.
- Osu is close.
- Cantonments is close.
- The airport is close.
- Major healthcare is close.
- Dining and shopping are already established.
- And Labone itself remains a desirable residential address.
That makes the neighbourhood relevant both to people who want to live in Accra and those who want to own an asset that other people may want to live in.
For buyers looking at that opportunity, MOONBOW provides a new way to enter Labone through modern studio and one-bedroom apartments designed around contemporary city living.
To explore Moonbow Labone and available units, payment plans, or viewings, contact VAAL Real Estate.
Frequently Asked Questions
Is Labone a good place to live in Accra?
Yes, for buyers and renters who value central access, lifestyle amenities, proximity to Osu and Cantonments, and an established premium residential environment.
Is Labone a good property investment in 2026?
It works well for stable rental demand and long-term location value. Returns depend on entry price, unit type, management, service charges, tenant demand, and operating costs, not the neighbourhood name alone.
How much do apartments cost in Labone?
Recent 2026 guides cite broad ranges from around 180,000 to 400,000 US dollars, or 200,000 to 500,000 US dollars for many premium offerings, while specific studios and one-bedroom units start lower depending on the development. Request a current unit-specific quote before deciding.
How far is Labone from Kotoka International Airport?
Around 15 to 20 minutes under typical traffic conditions, though travel time changes with time of day and route.
Who rents apartments in Labone?
Professionals, executives, expatriates, corporate staff, international organisation employees, diaspora visitors, and couples who value central access and lifestyle convenience.