13 Most Expensive Places To Live In Lagos

13 Most Expensive Places To Live In Lagos

Lagos is one of the most expensive cities to live in Nigeria. In recent years, property and living cost have risen tremendously. The development of Lagos into a mega city has seen an upswing in the cost of property. Expensive estates are springing up in all parts of the city.

Below are some of the most expensive places to live in Lagos

13 Most Expensive Places To Live In Lagos
Prototype: The Eko Atlantic City Project which sits in the Atlantic Ocean is the most expensive in Lagos

1. Eko Atlantic: is a new  city in Lagos  currently being built on reclaimed land on the Atlantic Ocean overlooking the former beach front of the Bar Beach. It is adjacent to Victoria Island,  When completed, Eko Atlantic will rise as the next generation of property in Africa.

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. With a per square meter of land costing as high as $4, 000, it is one of the most expensive housing project in Africa

READ ALSO: 25 Cheapest Places To Live In Lagos

2. Ikoyi: Ikoyi has been in existence since the colonial times. During colonialism, Ikoyi used to be the exclusive preserve of the British ruling and elite of that time. When they left, the Nigerian political and economic elite inherited the posh neighborhood. In Ikoyi, you will find Nigeria’s power brokers. 3 Bedroom apartment costs N13-15 Million per annum

13 Most Expensive Places To Live In Lagos
Northern Foreshore Estate in Lekki

3.Victoria Island: The Ikoyi extension of Victoria overlooking the Atlantic Ocean is one of the most expensive places to live in Lagos.

4. Lekki: Lekki has emerged to be the abode of the noveau riche. Apart from being expensive, Lekki is fast developing into the Beverly Hills of Lagos. It is home to Lagos corporate moguls, celebrities and captain of industries.

13 Most Expensive Places To Live In Lagos
Luxury apartments in Magodo, Lagos Mainland

5.Ajah: Beyond Lekki is Ajah another fast developing area of Lagos where rent has become very high in recent times.

READ ALSO: 6 Reasons Why it is Expensive To Live On Lagos Island

6.Magodo: Magodo on Lagos Mainland is another expensive neighborhood. In recent times, Magodo are competing with neighborhoods on Lagos Island.

7. Ikeja:—Allen Avenue, Opebi: For so long, Ikeja has been the abode of the rich and famous in Lagos. In the 1990s, places like Allen Avenue, Opebi, Toyin Street are synonymous with expensive shops, boutiques and exotic hot spots.

13 Most Expensive Places To Live In Lagos
Victoria Island which sits by the Atlantic Ocean is noted for its opulence and expensive accomodation

8.Surulere: Since the facelift and the upgrade done on Surulere by the former Governor Fashola administration, that axis of Lagos has become one of the most sought after area of Lagos. The expensive Adeniran Ogunsanya Street to high end malls and shopping centers.

9.Gbagada: Gbagada on Lagos Mainland has the reputation as one of the most expensive places in Lagos.Its sits at the center of the city.

10. Ikeja GRA: Ikeja GRA is perhaps the most expensive place in Lagos Mainland today. Long before the development n many parts of Lagos, GRA has been home to the rich and famous

READ ALSO: 30 Flood Areas To Avoid When It Rains In Lagos

11. Parkview Estate: Parkview in Ikoyi is the most expensive neighbourhood in Lagos with property running into hundreds of millions of Naira.

12. Banana Island: Banana Island is the premier neighbourhood in Lagos next in prestige and cost to Eko Atlantic in cost.

13. Maryland: Maryland is an expensive neighbourhood in Lagos. Its proximity to Lagos Island makes it desirable for many rich Lagosians who can afford to live there.






Source: Legit.ng

Khadijah Thabit avatar

Khadijah Thabit (Copyeditor) Khadijah Thabit is an editor with over 3 years of experience editing and managing contents such as articles, blogs, newsletters and social leads. She has a BA in English and Literary Studies from the University of Ibadan, Nigeria. Khadijah joined Legit.ng in September 2020 as a copyeditor and proofreader for the Human Interest, Current Affairs, Business, Sports and PR desks. As a grammar police, she develops her skills by reading novels and dictionaries. Email: khadeeejathabit@gmail.com

Online view pixel