Eko Atlantic City has emerged as the fastest-growing luxury residential market in Lagos, recording a 59.5% sales growth rate over the last five years, according to new data released by Estate Intel.
The report, which analysed Lagos’ prime real estate corridors, shows that high-end residential properties across the city have experienced average annual price growth of 38% to 60%, driven by strong demand, limited supply, and rising investor interest in ultra-prime neighbourhoods.
Following Eko Atlantic, Ikoyi posted the second-highest growth rate at 58.14%, reflecting its long-standing attractiveness among affluent buyers and investors. Banana Island recorded 55.30% growth, fuelled by the scarcity of waterfront plots and the district’s exclusive residential architecture.
In Victoria Island, luxury residential values increased by 45.04%, sustained by the area’s mix of commercial development and high-end housing. Oniru followed with 38.32% growth, showing steady appreciation in a district with a broader and more diverse housing supply.
Estate Intel noted that the widening performance gap between ultra-prime neighbourhoods and more mixed districts is largely driven by premiums placed on security, master planning, coastal access, and luxury amenities.
The firm added that demand for well-planned, high-security luxury communities remains strong, ensuring continued price appreciation in top-tier markets like Eko Atlantic, Ikoyi, and Banana Island.
