Banana Island is a master-planned residential and mixed-use development in Ikoyi, Lagos, located on the Lagos Lagoon. Its distinctive curved shape gives the island its name. Today, Banana Island Estate is known for premium homes, modern developments and limited land availability.
The development covers about 1.63 million square metres and was originally planned across 536 plots. It was developed through a partnership involving the Chagoury Group and the Federal Government. Banana Island is connected to Ikoyi by a dedicated access road linked to the road network around Parkview.
Property in Banana Island includes apartments, penthouses, duplexes, detached and semi-detached houses, waterfront residences and development land. Prices and property characteristics can differ significantly between developments.
For buyers, the important question is not simply the address. The exact development, property size, condition, facilities, views, plot size and title can all affect a property’s value. BeYourLandlord helps buyers identify available properties, compare suitable options and arrange inspections before proceeding with due diligence.
Why Choosing the Right Area Matters More Than the Flat Itself When it comes to buy flat in Lagos, most buyers mistakenly start with the property ignoring the single most important determinant of long term value: location. Make no mistake the same 2-bedroom flat can appreciate in value or lose up to 30% of its worth based on where it sits, how the neighborhood is evolving, and whether infrastructure supports growth. Lagos is not like other cities where all neighborhoods rise uniformly. Here, one street becomes world class while another declines…
Ikoyi vs. Victoria Island Differences between Ikoyi and Victoria Island real estate markets in Lagos. In the dynamic landscape of Lagos real estate, Ikoyi and Victoria Island stand out as premier locations offering distinct lifestyles and investment opportunities. Both areas have witnessed significant growth, attracting investors, expatriates, and affluent Nigerians seeking luxury and convenience. Understanding the nuances of each locale is crucial for making informed property investment decisions Ikoyi, renowned for its serene environment and exclusivity, boasts some of the most luxurious residences in Nigeria. Its tree-lined streets, proximity to the…
3Bedroom Banana Island Top 3 Bedroom Houses to Buy in Banana Island Banana Island, located in Ikoyi, Lagos, has long been regarded as the pinnacle of luxury living in Nigeria. With its serene waterfront environment, state of the art infrastructure, and community of high profile residents, it is often seen as an enclave reserved only for billionaires, multinational executives, and celebrities. The island’s reputation for exclusivity and record breaking property values has made it the crown jewel of Nigeria’s real estate market. However, recent market trends in 2026 reveal an interesting shift.…
Property for Sale in Lagos How to Find the Best Property for Sale in Lagos Table of Contents Introduction to the Lagos Property Market Overview of the Real Estate Market Why Lagos is a Hotspot for Property Investment Top Neighborhoods for Property Investment in Lagos Magodo Phase 2 Lekki Ikeja Types of Properties Available Residential Properties Commercial Properties How to Conduct Property Searches Online Property Listings Real Estate Agents Key Factors to Consider When Buying Property Location and Accessibility Budget and Financing Options Property Condition and Inspection Legal Aspects of Buying…