Area Guide
Banana Island
Lagos's most exclusive address
Purchase Price Range
₦500,000,000 – ₦3,000,000,000+
Annual Rent Range
₦30,000,000 – ₦120,000,000/yr
About Banana Island
Banana Island was developed by Eko Atlantic's predecessor in the 1990s on reclaimed land. The estate has underground power cables (meaning no pylons or dangling cables), underground drainage and a security gate that controls all vehicle access. Properties range from 4-bedroom detached houses to full mansion compounds. It is home to some of Nigeria's most prominent businessmen, politicians and entertainment figures. Supply is extremely limited, which means prices have held and appreciated consistently.
Area Highlights
Fully gated with 24-hour access control
Underground cables and drainage
Fewer than 700 properties
Consistent capital appreciation
Key Landmarks
- — Banana Island Beach
- — The Residence Banana Island
Best For
Ultra-high-net-worth buyersTop business leadersLong-term capital preservation
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