Top 10 Most Expensive & Luxury Real Estate Locations In Nigeria (2020)

Most Nigerians love to invest in real estates for obvious reasons. Investments on real estate hardly depreciate as shelter is one of the basic needs of man.

expensive & luxury real estate locations in nigeria

Some real estates in Nigeria are so expensive and luxurious that only the wealthy can afford them.

Some of these top and luxurious real estates can be found mostly in Nigeria major cities of Lagos, Abuja and Port Harcourt.

Properties in these expensive real estates are majorly owned by politicians, top CEOs, expatriates and international businesses men.

In this article, Nigerian Informer will be listing 10 most expensive & luxurious real estate locations in Nigeria.

These real estates represent some of the most beautiful residential homes and areas in Nigeria.

Expensive & Luxurious Real Estate Locations In Nigeria

Banana Island, Lagos

The popular and almighty Banana island located in Lagos Nigeria is home to some of the most expensive real estates in Nigeria and West Africa.

It is the only man-made island in Nigeria and is an area known for habitation by wealthy Nigerians and foreigners.

Expensive houses and luxurious homes can be found here too. The island is quite beautiful and is designed with well-laid lawns, beautiful flowers, and well-paved roads.

Properties here doesn’t come cheap as 3bed room flat can go as high as N15 million for rent per annum.

Purchasing a property in this part of Lagos and Nigeria could cost up to N700 million. At Banana island Lagos, you will find properties belonging to top Nigerian politicians, top CEOs and expatriates.

Maitama, Abuja

One of the major and most popular districts in Abuja is Maitama. Top Nigerian agencies and high commissions to Nigeria are found in this part of Abuja.

It is one of many luxurious locations in Abuja where only the rich can afford. You may need more than N300 million to be able to purchase a property at Maitama, Abuja.

Nevertheless, the area is neat, clean and beautiful and represent some of the most beautiful places in Nigeria.

Asokoro, Abuja

Purchasing a property at Asokoro Abuja can go as high as N400 million. It is one of the major and most beautiful districts in Nigeria’s capital.

Top government officials such as ministers, senators are mostly found at Asokoro. The district is also home to some Nigerian and international agencies.

Jabi, Abuja

Jabi area in Abuja, the Nigeria’s capital is not left out of Nigerian’s expensive locations. Jabi area is very popular and has some of the most visited places at Abuja such as Jabi mall and lake.

Getting a property at Jabi, Abuja might require one to part with an amount as high as N350 million.

Nicon Town, Lagos

Nicon Town is in Lekki area of Lagos state. It is one of the high class residential and business areas in Nigeria.

Nicon town is also home to some Nigerian top chief executives. A property at Nicon Town can worth around N300 million.

GRA Phase 2, Port Harcourt

Port Harcourt popularly known as the Garden City has some of Nigeria’s top real estate locations and one of such real estates is The GRA Phase 2.

The area houses some of Nigeria’s oil workers and expatriates. Top government functionaries and government agencies can be found at GRA Phase 2 Port Harcourt.

Properties here is quite expensive and can go as high as N120 million.

Ikeja GRA, Lagos

Ikeja government reserved area represents one of the most expensive places to live in Nigeria.

It is an area created as far back as during colonial era. Ikeja GRA is home to top business moguls and multinational firms.

It is a cool and serene location which can cost more than N100 million for one to acquire a property there.

Lekki Scheme I, Lagos

Lekki scheme I have been a top location for Nigeria top celebrities and entertainers. Luxury properties can also be found at Lekki which can cost more than N100 million.

Golf Estate, Port Harcourt

Golf Estate Port Harcourt is up there in the list with most luxurious and expensive real estate locations in Nigeria.

Golf estate is one of the most planned and beautiful residential area in Nigeria. Top oil workers and foreigners lives here. A property at Golf estate Port Harcourt can cost over N100,000.

Wuse Zone II, Abuja

Wuse Zone II or Wuse 2 is another location in Nigeria you will find expensive and luxurious real estates.

Wuse 2 is highly lively and has presence of commercial activities. Property at Wuse II can go above N80 million.

0 Shares

The Author

Igwenagu Emmanuel

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

Leave a Reply

Your email address will not be published. Required fields are marked *