3 Expensive Neighborhood You Need To Know About In Lagos

Neighborhood in Lagos

3 Expensive Neighborhood You Need To Know About In Lagos


The Lagos State Government has signed $629million in financing with the China Development Bank of the Lekki Sea Port. It will have two 680-meter container docks.

Tolaram Group, manufacturers on Indomie noodles is investing $1.1Bn to build the biggest and busiest refinery in West Africa

The real estate Landscape in Nigeria is physically growing. They are some “New City” projects currently underway.

In the past two weeks thereabout we have looked into Alaro City, Orange Island as part of the new cities underway in Lagos. Eko Atlantic City is next


🏅Eko Atlantic is an entire new coastal city being built on Victoria Island adjacent to Lagos.

🏅It is a focal point for investors capitalising on rich development growth based on massive demand and a get away emerging markets of the continent.

🏅Standing on 10 million square metres of land reclaimed from the ocean and protected by an 8.5 kilometers long sea wall.

🏅It includes state of the art urban design, it’s own power generation, clean water, advanced telecommunications, spacious roads and tree lined streets.

🏅In Eko Atlantic City,  Land is sold per m2 (meter square) with prices starting from $1,050 per m². Plot sizes in Phases 1 and 2 start from approximately 2,200 m2.

🏅In Phase 3, land within this phase starts from approximately 1,200 m2. There is no maximum capping on the amount of land that can be purchased. Each plot of land can be used for a residential or commercial development or a mix of both uses.

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🏅Please note that the plots in Phases 1 and 2 have been created to accommodate mid to high rise buildings and in Phase 3, some plots have been created to accommodate single residential dwellings and low rise developments.

Do you need Real Estate Services or you know someone who needs Real Estate Services (Real Estate Agency, Property Management, Real Estate Brokerage, Investment, Advisory, Consultancy)

Thank you.

Contributed by:
Wasiu Ibiwoye

( Real Estate Analyst & Consultant)

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