10 Most Expensive Places to Live in Lagos Nigeria

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Lagos is Nigeria’s most populous and commercial city. The city has a population of about a 13million people, most of whom are black Africans. Lagos is the world’s largest metropolis when it comes to its size, population and economic importance.

Lagos has a tropical climate with hot summers and slightly cooler winters. Its average temperature in summer is 41 degrees Celsius while in winter it can drop to -4 degrees Celsius.

Although the commercial city of Lagos is the world’s largest metropolis when it comes to its size, population, and economic importance, Nigeria still lags behind in several other fields. According to World Bank figures, Niger Delta country has one of the poorest GDP per capita rates among countries with above $2 billion GDP (US).

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Lagos state has so many beautiful places and it’s regarded as one of the most expensive cities in Africa, for you to live a comfortable life in Lagos you must be rich. Their so many beautiful but expensive places in Lagos. For the purpose of this write up we would be looking at some of the most expensive places to stay in Lagos.

10 Most Expensive Places to Live in Lagos

Eko Atlantic

The Eko Atlantic is Lagos’ expanding smart city. Soon, it will be able to serve the island with integrated public transport services that connect multiple areas of the city.

The city will naturally feature high-end luxury accommodation along with modern and environmental standards. The city will naturally feature a range of luxury residences along with modern and environmental standards.

The city will satisfy needs for financial, commercial, residential and tourist accommodations with a state-of-the-art high-tech infrastructure in line with modern and environmental standards. The city will naturally feature a range of high-end luxury apartments

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The cost of getting a land in Eko Atlantic City is as high as $4,000, it is one of the most expensive places to stay in Lagos if you are considering in staying in a comfortable environment.

Eko Atlantic City Business District is a strategic and prestigious location, connecting 22 hotels with an infrastructure network of 21st-century communications, including advanced transport infrastructure.The city will house 250,000 residents during its first year of operation.

Banana Island

The mass of residents in Banana Island are renowned for their standard of living. The lush, green habitat is one of the most desirable places to call home.   The residents consist largely of professional people who also contribute much to the country’s economy through diplomatic appointments, high ranking politicians and economic elite.  Many women live in Banana Island along with many businessman who reside there with their.

Banana Island houses some of the most expensive estates in Nigeria, with a large density of both millionaires and billionaires living there. Property in Banana island is now selling for $1.8 million, the island boost of some beautiful features like well laid lawn,beautiful well laid flowers and paved road system.

Lekki

Lekki is located on the island part of Lagos and is one of the fastest developing areas in Lagos with good infrastructural lay out, coupled with good road network, presence of all round security and beautiful buildings. Lekki is home to the wealthy and elites in our society and those who have high taste for good living.

Getting a property in lekki goes for as high as 600,000,000 million Naira. lekki has so many beautiful estates with nice buildings like duplexes, bungalows, beautiful furnished service apartments.

Victoria Island

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Victoria Island popularly called VI is one of the most expensive places to stay in Lagos, it is also located on the island part of Lagos. Victoria island is home to both private and commercial building.

Getting an apartment on the island is very expensive, the surge in price is a result of many multinational companies have offices in there and most foreign nationals prefer to stay there.

Victoria Island boost of beautiful and serene environment, good road network, good power service and security, getting an apartment in Victoria Island goes for around N800,000,000.

Ikeja GRA

Situated on the mainland part of Lagos is home to some of the richest people in the country. Ikeja GRA was and still remains home to some wealthiest people in Lagos, before the development of Lagos Island majority of the richest people in Lagos were residing in Ikeja GRA.

Ikeja GRA boost of the good road network, regular power supply, most of the buildings in the GRA are beautifully built to the taste of the owners, you will see structures like duplex, bungalows, service apartments and property in the GRA cost around N600,000,000.

Maryland

It is situated in the heart of Lagos, Ikeja which borders other areas like Yaba, Anthony getting a property in Maryland goes for as high as 2Million Naira annually for a 2 bedroom flat and if you want to buy a landed property in Maryland be prepared to pay around N300,000,000 Million.

Ikoyi

Ikoyi is a beautiful neighborhood on the island, it boosts of a good road network and beautiful structural edifice, Ikoyi borders with other luxurious neighbourhoods like Banana island, victoria island.

Ikoyi houses beautiful estate like Parkview estate, Dolphin Estate and other beautiful estates, to get a property in Ikoyi you must be prepared to pay around N10,000,000, when you think of comfort and living in serene environment then Ikoyi should be one of your considerations when trying to pick among the most expensive places to live in Lagos.

Ajah

Ajah is another expensive place to live in Lagos, it is situated on the outskirt of Lagos. Properties in this part of Lagos is very expensive for those who might be considering going and stay there. You must be prepared to part with your hard-earned money before you can get a comfortable apartment in Ajah.

From findings an acre of Land in Ajah goes for around N100,000 million, to get an apartment there also goes for around an N2Million.

Magodo

Magodo is another expensive neighborhood to reside in, It is located on the mainland but with the infrastructural edifice there it can compete with other expensive places in Lagos. Magodo boost of the good road network, stable power supply, and 24-hour security.

Gbagada

Gbagada is also located on the mainland just like Magodo. Gbagada boosts the serene environment with a good road network, stable power supply, and good security to protect life and property.

In conclusion for you to stay in any of these areas, you need to have good money and must be living above average for you to be able to afford this kind of lifestyle by staying in any of the above environments. Kindly help share this article with your social media network.

 

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