Is Labone a good property investment? Yes. A Labone property investment, including apartments developed by VAAL Real Estate, can offer attractive potential for buyers seeking rental demand, long-term value and access to some of Accra’s key commercial and lifestyle districts. Labone is an established residential neighbourhood close to Cantonments, Osu, Airport City and Kotoka International Airport, making it attractive to professionals, corporate tenants, international residents and Ghanaian diaspora buyers
But the postcode is only the beginning. A beautiful apartment bought at the wrong price, with high running costs or weak management, can still become a poor investment.
Why Is Labone a Good Property Investment?
Labone has evolved from a low-density residential neighbourhood into a more mixed urban district with modern apartments, restaurants, cafés and offices, while retaining much of its residential character.
For investors, that matters because tenants also pay for convenience: access to work, healthcare, shopping, dining and neighbouring prime districts. Potential tenants include professionals, executives, embassy and NGO staff, consultants, couples, international residents and returning diaspora buyers.
What Rental Income Could a Labone Apartment Generate?
Current 2026 listings show furnished one-bedroom apartments in Labone advertised around $1,100 to $1,700 per month, with some higher-specification properties listed above this range. These are asking rents, not guaranteed achieved rents.
For illustration, a one-bedroom bought for $155,000 and rented at $1,200 per month for 11 months would generate $13,200 in gross annual rent, or about 8.5% gross yield before service charges, management, maintenance, taxes and other costs.
The lesson is simple: calculate what reaches your account, not just the headline rent.
Studio or One-Bedroom: Which Is Better?
A studio usually offers a lower entry price and lower furnishing costs. A one-bedroom costs more but provides greater privacy and may appeal to couples and longer-term corporate tenants.
MOONBOW, studios currently start from $101,000 and range from 32 to 40 sqm gross. One-bedroom apartments start from $155,000 and range from 54 to 69 sqm gross, VAT inclusive.
Neither automatically wins. Compare purchase price, realistic rent, vacancy, service charge and management costs.
What About Capital Appreciation?
Rental income is only half the conversation.
Property appreciation can never be guaranteed, but investors can consider the factors that may support value over time: scarcity of well-located land, demand for modern serviced apartments, proximity to employment and diplomatic districts, building quality and the amount of competing supply entering the market.
This is also why buyers should compare more than the headline purchase price. Floor plan, specification, parking, amenities and price per square metre all matter when deciding whether a unit represents value.
Buy MOONBOW Off-Plan or Wait Until Completion?
Buying during construction can offer wider unit choice and staged payments. The trade-off is construction risk and waiting until handover before rental income begins.
Waiting until completion allows you to inspect the finished property and potentially rent it sooner, but pricing may change and preferred units may already be gone.
VAAL currently lists MOONBOW as under construction, with an estimated handover in 2029 and staged off-plan instalments.
Why MOONBOW Rather Than Another Labone Development?
This is the question a serious investor should ask.
MOONBOW focuses on studios and one-bedroom apartments suited to professional and individual tenant profiles. Planned amenities include a swimming pool, equipped gym, resto café, pharmacy, mini-mart, office space, game room, indoor lounge and rooftop BBQ area.
Location adds another layer. According to VAAL, MOONBOW is approximately 2 km from the US Embassy, 2.2 km from The Bank Hospital and 5 km from Kotoka International Airport.
VAAL also states that rental management is available, which could be particularly relevant to diaspora owners who do not want to manage the property personally. Buyers should request the current management scope and fees in writing.
Developer Risk Matters Too
When buying off-plan, you are not only investing in an apartment. You are placing confidence in the developer.
VAAL says it brings more than 20 years of combined international real-estate experience and has operated in Ghana since 2020. Its Ghana portfolio includes developments such as Harmonia Residence, Harmonia Villas and Nirvana Villas.
Even with an established developer, buyers should review the Sale and Purchase Agreement, confirm title or sub-lease terms, understand payment milestones and ask what happens if construction is delayed.
The same applies to service charges. Request MOONBOW’s current estimate, understand exactly what it covers and ask how it may change after completion.
Labone or Cantonments?
Cantonments has a strong diplomatic and premium residential identity. Labone offers a slightly different balance: central residential living with a growing lifestyle scene and convenient access to Cantonments and Osu.
The better investment depends on the entry price, individual property and target tenant, not simply which neighbourhood sounds more prestigious.
Frequently Asked Questions
Is Labone good for rental property?
It can be, particularly for apartments suited to professional, corporate and international tenants. The individual building, price and management remain important.
How much are MOONBOW apartments?
Studios currently start from $101,000, while one-bedroom apartments start from $155,000, VAT inclusive.
When is MOONBOW expected to be completed?
VAAL currently states an estimated handover in 2029.
Does VAAL offer rental management?
Yes. VAAL states that rental management is available. Buyers should confirm the latest scope and fees before purchasing.
What should I request before buying?
Ask for current availability, floor plans, payment schedule, estimated service charges, management terms, legal documentation and relevant rental comparables.
Buy the Numbers, Not Just the Address
So, is Labone a good property investment? It can be, but the strongest decision comes from comparing real numbers rather than simply buying the neighbourhood name. MOONBOW gives investors a new-build studio and one-bedroom option in central Labone with staged payments and rental-management support.
Before committing, request the MOONBOW Investment Pack with current availability, floor plans, prices, payment schedule, estimated service charges and management information, then judge the opportunity against your own return target.