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  • Life
  • Updated: May 09, 2023

Seven Of The Best Residential Areas In Lagos

Seven Of The Best Residential Areas In Lagos

Accommodation in Lagos is very pricey just like other things are, but sometimes, you are left wondering just how expensive can accommodation in Lagos get. 

When it comes to luxury, you have to know what to expect. Luxurious flats in Lagos provide the greatest residences in highbrow locations surrounded by many of Nigeria's elites. 

So, if you're in business and seeking top investors and sponsors, this is an excellent place to start. 

If you enjoy having fun, you will be leaving near some of the top locations to have fun in Lagos.

These areas are also ideal for raising a family since they offer security and serenity away from the noise and bustle of Lagos. 

They are also close to some of the best schools in Lagos, ensuring that your children receive a good education.

Let's get to it already, below are seven of the best residential areas in Lagos


1. Victoria Island

Victoria Island is a mixture of commercial and residential areas. It is home to some of the most costly real estate homes in Lagos. 

The neighbourhood is also one of the few in the state that can compete with Ikoyi in terms of the number of ex-pats it homes. 

Some of the state's richest businesspeople live on Victoria Island.

Victoria Island is famous for its large number of embassies and consulates, and it has established itself as a diplomatic centre. 

Ranging from 800 million Naira and above, you may acquire yourself a decent three-bedroom flat with assured light, security, and superb utilities.

 

2. Eko Atlantic


By November 2020, a few buildings most notably the Eko pearl towers have been completed with several more under construction and in the planning stages. 

The city has become an active venue for popular Afro concerts and sports events like the lagos city marathon and Copa Lagos.

Eko Atlantic is one of the world’s cutting-edge new cities and is already at an advanced stage of development. 

It’s a visionary project on a huge scale, achieved by a team of major local and international partners.

It is located on the shores of Victoria Island, and it overlooks the former Bar beachfront.

The area after construction is going to be a multipurpose destination which will include residential, commercial, financial and tourist areas.

The plan for Eko Atlantic is to become a premium destination like Dubai. 

 

3. Banana Island

Banana Island, which is in Ikoyi, is renowned for its exclusivity and affluent inhabitants. 

Some of the wealthiest residents of Lagos and all of Nigeria reside in Banana Island. The neighbourhood is only more expensive than Eko Atlantic.

Its surroundings are lovely, with well-landscaped flowers, paved roads, streetlights and lots more. 

The residential area's name comes from the island's shape, which resembles a banana.

There are about 536 plots on Banana Island, with a total area of about 1,630,000 square meters. 

The price of a plot of land there can cost ₦1,350,000 per square meter. 


4. Ikoyi

A list of wealthy, affluent, and exclusive areas in Lagos would be incomplete without adding Ikoyi. 

The residential enclave, which is located on Lagos Island, includes properties for rent starting at 13 million Naira and properties for sale starting at more than 100 million Naira. 

Many of Nigeria's rich elite and expats live on the island. It has a secure power supply, paved roads, and an easily accessible and navigable road network. 

Ikoyi has some new and well-planned estates, such as Parkview Estate and Dolphin Estate, as well as some extremely nice residential towers. 

These flats are furnished with essential conveniences to make your stay more comfortable. Living in Ikoyi puts you close to numerous major corporations in Lagos.

 


5. GRA, Ikeja

This is the list's second residential area on the mainland. Ikeja GRA is well-known for being the home of many old-money Lagos families. 

Despite the roughness and inconvenience normally associated with Lagos mainland, Ikeja GRA appears to be peaceful in the midst of the storm. 

It has reliable power, a well-paved road, and strict security.

Although the neighbourhood was originally intended to be a residential area, it is important to highlight that it presently accommodates a substantial amount of commercial operations. 

Acquiring property in the area could cost you as much as 600 million Naira.

Most of the common properties here include; serviced apartments, bungalows, duplexes, and detached houses.

 


6. Lekki

Lekki has established itself as the home of new money in Lagos state. The region offers people a tranquil and peaceful setting, making it a desirable residential area.

Lekki houses have a regular supply of electricity as well as paved, car-friendly roads. 

In the Lekki residential area, there are various estates with properties like luxury apartments, duplexes, serviced apartments, and bungalows. 

A residence in the most opulent neighbourhood of Lekki can be purchased for 750 million Naira or more.

 

7. Shonibare Estate

Shonibare estate, located in Maryland, is another of the most exclusive residential estates on the mainland. The estate's bungalows cost around 300 million Naira. 

The high rent is justified by its proximity to the Ikeja army cantonment, which enhances security. 

Its strategic location puts it close to the state capital of Ikeja, allowing you to get the benefits of being in the heart of Lagos. 

Faster ways to the island, outstanding schools, entertaining locations, and proximity to work, if you work for the Lagos government, are all advantages of living in Shonibare Estate. 

It is a gated community with standards governing the construction of houses. 

This means that if you want to live here, you must build your house in a specified style.

The estate is lined with street lights and well-paved roads, which eases and comforts the estate's occupants. 

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