Most Expensive Real Estate in Nigeria

1. Banana Island, Lagos

The undisputed top tier. This reclaimed, gated island off Ikoyi is Nigeria's most exclusive address, home to business moguls, celebrities, and diplomats. Waterfront mansions and premium apartments here sit at the very top of the market.

2. Ikoyi (Old Ikoyi)

<cite index="4-1">The Bourdillon, Glover, and Kingsway axis in old Ikoyi ranks among Lagos's most expensive areas per square meter</cite>, prized for colonial-era mansions, mature tree-lined streets, and proximity to the business district.

3. Eko Atlantic City

<cite index="1-1">Built on reclaimed land off Victoria Island, Eko Atlantic offers brand-new infrastructure and waterfront views</cite>, drawing premium prices from buyers who want a modern, master-planned alternative to older prime districts.

4. Victoria Island

<cite index="4-1">Prime Victoria Island near Ahmadu Bello Way</cite> remains a top-tier commercial and residential address, blending corporate towers with high-end apartments.

5. Maitama & Asokoro, Abuja

Outside Lagos, Abuja's Maitama and Asokoro districts lead the pack. <cite index="5-1">Maitama and Wuse 2 command some of the highest per-square-meter prices in the capital</cite>, driven by government proximity and low housing supply.

The Numbers

<cite index="1-1">In Lagos's ultra-prime districts, apartment prices typically range from ₦3.8 million to ₦6.5 million per square meter</cite> — well above what most other Nigerian cities command for an entire property.

This post is a test entry for the EstateAI blog. Figures reflect early-to-mid 2026 market estimates and should be independently verified before use in financial decisions.