A new city reclaimed from the Atlantic, next door to VI
Price band
LGA
Distance to CBD
Distance to airport
Nearest major road
Area type
01
Overview
Eko Atlantic City, officially the Nigeria International Commerce City, is a 10 square kilometre district being built on land reclaimed from the Atlantic Ocean directly south of Victoria Island, on the site of the old Bar Beach. It is a public-private partnership between Lagos State Government and South Energyx Nigeria Limited, a Chagoury Group company, and it is protected from the sea by the 8.5 km Great Wall of Lagos.
The city is laid out as ten districts, including the Business District, Marina District, Downtown, Harbour Lights, Eko Drive, the Avenues and Ocean Front, arranged around the eight-lane Eko Boulevard, a network of internal bridges and canals, two marinas and a 10 km waterfront promenade. Every plot has underground power, fibre and water connections, and the city runs its own 24-hour power, water treatment and waste systems independently of the Lagos grid. It is also a designated free zone with tax incentives for registered businesses.
Completed and occupied buildings include the Eko Pearl Towers, Azuri Towers, Alpha 1, the Arkland A&A Towers and Eko Energy Estate, with Phoenix Tower, High Gardens, Oyster Towers and The Hive among the developments under way. The new United States Consulate is being built here on a 50,000 sqm site.
Who chooses Eko Atlantic? Executives and families who want new-build, international-standard towers with uninterrupted power, wide roads and ocean views minutes from VI's offices; diaspora and institutional investors buying in dollars; and corporates taking apartments for senior staff. It is the most expensive residential address in Nigeria by rent and by land price, and it still feels like a city under construction, but for buyers who value infrastructure above neighbourhood bustle it has no real equivalent in Lagos.
02
History
Bar Beach, Victoria Island's Atlantic shoreline, spent most of the 20th century retreating. Erosion of eight to fourteen metres a year and repeated ocean surges flooded Ahmadu Bello Way and threatened the VI business district. In 2003 the Chagoury Group proposed reclaiming the lost land and protecting it permanently with a sea wall, and the Lagos State Government under Bola Tinubu and then Babatunde Fashola backed the scheme. Federal approval came in 2005 and dredging began in 2008, with China Communications Construction Company handling the marine works and Royal Haskoning designing the revetment.
The Great Wall of Lagos, built from rock and concrete accropode units, was tested at the DHI institute in Denmark against one-in-a-thousand-year storms. By 2009 some three million cubic metres of sand had been placed and the project received a Clinton Global Initiative commitment certificate. In February 2013 President Goodluck Jonathan and former US President Bill Clinton attended the dedication of the first reclaimed land.
Eko Pearl Towers opened as the first occupied residential scheme in the mid-2010s, followed by Azuri, Alpha 1 and the A&A Towers. The city was formally incorporated in 2014. Roughly 6.5 million square metres had been reclaimed by the mid-2020s, and the federal Lagos–Calabar Coastal Highway, which begins at Eko Atlantic, started construction in 2024. Critics have linked the reclamation to increased surges on neighbouring beaches, most seriously in August 2012, and that debate continues alongside the building programme.
03
Location & Neighbours
Eko Atlantic projects south into the Atlantic from Victoria Island's former shoreline. Its northern edge is Ahmadu Bello Way; the main entrances are at the Eko Hotel end of Adetokunbo Ademola Street and from Akin Adesola Street near the former Bar Beach, opening onto Eko Boulevard. The western boundary faces the Lagos Harbour entrance channel, with Tarkwa Bay and Apapa across the water, and the Eko Energy Estate occupies that north-western corner.
To the east the city runs towards Oniru and the Landmark waterfront, where the Lagos–Calabar Coastal Highway begins. Ikoyi is about 10 minutes north via Falomo Bridge, and Lekki Phase 1 about 15 minutes east via the Lekki–Epe Expressway or Ozumba Mbadiwe. The ocean forms the southern, eastern and western edges behind the Great Wall of Lagos.
04
Who Lives Here
Eko Atlantic's resident population is still small relative to its planned 250,000 to 300,000, and it is overwhelmingly affluent. Occupiers of the Pearl, Azuri and Alpha towers include oil and gas executives, bank directors, tech founders, diplomats and expatriates on corporate leases, many with families who value the secure, traffic-free internal streets and the promenade for cycling and running.
Eko Energy Estate was conceived for younger middle-class professionals, and the newer Downtown towers such as Phoenix and The Hive target a similar buyer, so the mix is slowly broadening. Even so, day-to-day life here is quiet and apartment-centred: residents drive or walk into VI for most shopping and dining, and the city's own cafés, gyms and events fill in around that. Weekend visitors arrive for concerts, beach polo, Copa Lagos and the boulevard's open-air events, which gives the district bursts of energy between calmer weekdays.
05
Real Estate
Everything in Eko Atlantic is new-build and nearly all of it is high-rise. Completed stock consists of two-, three- and four-bedroom apartments with BQs and penthouses in towers of 14 to 30-plus floors, typically with pools, gyms, concierge, multi-level parking and sea views. Eko Pearl Towers (the Black, Champagne, Aqua and Indigo Pearl buildings) and Azuri Towers on the Marina are the established resale addresses; Alpha 1 and the A&A Towers add mixed residential and office space; Eko Energy Estate in the north-west corner offers one- to four-bedroom flats across three 21-storey towers.
The pipeline includes Phoenix Tower and The Hive in Downtown, High Gardens in Harbour Lights, the 27-storey Oyster Towers, The Audacity and further Azuri phases, most sold off-plan with staged payments and usually priced in US dollars. Two-bedroom units from around $500,000 to $700,000 and three-bedrooms from roughly $600,000 to $1M are typical asking prices, while furnished high-floor units in Pearl and Azuri list at $1.2M to $1.5M and Oyster penthouses above $4M. In naira, that translates to roughly ₦750M for two-bedroom units and ₦950M to ₦1.7B for three-bedroom and penthouse units at 2025/2026 rates.
Land is sold by South Energyx per square metre: around $1,150 per sqm in Phases 1 and 2 for minimum plots of about 2,200 sqm zoned for mid- to high-rise, and around $1,050 per sqm in Phase 3 for low-rise plots from about 1,200 sqm. BusinessDay's 2025 comparison put Eko Atlantic at roughly ₦4.1M per sqm, the highest in Lagos and ahead of Banana Island.
Rents are correspondingly the highest in Nigeria. Nigeria Property Centre data showed average flat rents of about ₦50M a year in mid-2026, with a range of ₦30M to ₦84M, and BusinessDay reported studio rents around ₦14M and three-bedrooms around ₦35M in 2025. Rents softened through 2026 as new towers delivered, which is worth noting: supply is arriving faster than occupiers, so investors should underwrite conservative occupancy, lean on dollar-indexed corporate tenants and expect capital growth to follow infrastructure milestones such as the consulate and coastal highway rather than run ahead of them.
Typical asking figures, updated 2026
Type
Typical asking price
Flat Rent
₦14M (studio) – ₦35M (3-bed) / yr; premium towers ₦40M – ₦85M
House Rent
Not applicable – apartment-only district at present
Flat Sale
≈ $500k – $1M (₦750M – ₦1.5B) for 2–3 bed; penthouses $1.5M – $4.5M
House Sale
Not applicable – no detached housing delivered yet
Land Sale
≈ $1,050 – $1,150 per sqm (≈ ₦4M per sqm); minimum plots 1,200 – 2,200 sqm
Shortlet Nightly
₦250k – ₦600k / night
06
Popular Estates
Eko Pearl Towers, the first completed residential scheme, comprises the Black Pearl, Champagne Pearl, Aqua Pearl and Indigo Pearl buildings with three- and four-bedroom flats, pools and a private club level.
Azuri Towers / Azuri Peninsula on the Marina District waterfront offers two- to four-bedroom apartments in 30-plus-storey towers and is the main resale alternative to Pearl.
Alpha 1 Tower is a 14-floor Marina building of serviced apartments, popular with corporate tenants.
Arkland A&A Towers combine Grade A offices and residential floors near the Business District.
Eko Energy Estate in the north-west corner, developed by Satellite Oil and Gas interests, offers one- to four-bedroom flats across three 21-storey towers at a more accessible entry point.
Phoenix Tower and The Hive in Downtown are the leading off-plan schemes, with two- and three-bedroom units and payment plans.
High Gardens (Harbour Lights), Oyster Towers and The Audacity are the next wave of branded high-rises, with Oyster offering 500 sqm four-bedroom flats and penthouses.
07
Transport
Inside Eko Atlantic the roads are the best in Lagos: the eight-lane Eko Boulevard, a grid of wide secondary streets, around 14 internal bridges over the canals, street lighting and genuine pavements and cycle lanes along the promenade. Traffic within the city is light because occupancy is still low.
Getting in and out is where Lagos reasserts itself. All vehicle access is via Victoria Island, from the Eko Hotel / Adetokunbo Ademola roundabout or from Akin Adesola and Ahmadu Bello Way. In the morning peak those junctions back up with VI office traffic, and on event nights at Eko Hotel or the Boulevard they can gridlock. Central VI is 5 to 10 minutes away in normal conditions, Ikoyi 10 to 15 via Falomo Bridge, Lekki Phase 1 15 to 25 via the Lekki–Epe Expressway, and the airport around 27 km, usually 50 to 90 minutes.
There is no public bus or BRT service into the city; residents drive or use ride-hailing, which is plentiful from VI. Two marinas are planned and a water-taxi link to the Five Cowrie terminal at Falomo would be a natural addition, but regular ferry services had not started as of 2026. The Lagos–Calabar Coastal Highway, beginning at Eko Atlantic, will eventually give a direct high-speed link east along the Lekki corridor.
08
Schools
Eko Atlantic does not yet have its own schools, though educational plots are reserved in the master plan. In practice families rely on Victoria Island and Ikoyi, all within 10 to 15 minutes. The American International School of Lagos at 1004 Estate on Ozumba Mbadiwe runs a US curriculum from pre-school to grade 12. Lycée Français Louis Pasteur in VI follows the French system, and the British International School on Landbridge Avenue in Oniru offers boarding and day places through A-levels.
Nigerian and British-curriculum primary options in VI include Corona School Victoria Island, Crescent Schools, Cranberry School, Boston Academy and White Oak Preparatory School; in Ikoyi there are Corona School Ikoyi and Grange School (in nearby Ikeja GRA for some families), and across the toll in Lekki Phase 1 are Lekki British School, Greensprings, Meadow Hall and the Italian International School Enrico Mattei. The Nigerian Law School on Ozumba Mbadiwe is the nearest tertiary institution, with the Lagos Business School roughly 40 minutes east.
09
Healthcare
There is no hospital inside Eko Atlantic yet, but the best private hospitals in Lagos are a few minutes away in Victoria Island. Reddington Hospital on Idowu Martins Street offers 24-hour emergency, surgery and cardiology; Euracare on Younis Bashorun Street specialises in cardiac and gastro care and advanced imaging; Paelon Memorial Hospital is a further general option. Several towers keep a nurse or on-call doctor for residents.
Within 15 to 20 minutes are Lagoon Hospitals and First Cardiology Consultants in Ikoyi, St Nicholas Hospital on Lagos Island, and Evercare Hospital in Lekki, the newest tertiary-level private facility on the Island. Pharmacies such as HealthPlus and MedPlus operate along Adeola Odeku, Akin Adesola and Ahmadu Bello Way, and ambulance services from Reddington and Lagoon cover the district.
10
Leisure & Shopping
Leisure inside Eko Atlantic is built around the water and the towers. The 10 km waterfront promenade is the Island's best cycling and running track, the Eko Boulevard hosts open-air events, and the city has staged the Eko Atlantic Beach Polo tournament, Copa Lagos beach football, the Lagos Seafood Festival and major concerts. Residents' clubs in Pearl and Azuri provide pools, gyms, squash and lounges, and a marina club is planned on the Marina District waterfront.
Retail is still thin on the ground, with ground-floor cafés, a few convenience stores and showrooms along the Boulevard. For serious shopping residents go to Victoria Island: Landmark Centre, Silverbird Galleria with its 12-screen cinema, Mega Plaza, and supermarkets such as SPAR, Hubmart, Goodies and Ebeano are all 5 to 10 minutes away, and The Palms in Lekki is 20 minutes east.
Culture and green space are likewise borrowed from VI: Terra Kulture's theatre and gallery on Tiamiyu Savage, the Didi Museum and Red Door Gallery, Muri Okunola Park, and the beach clubs at Oniru. Eko Hotel & Suites, the Federal Palace and the Lagos Continental, all on the city's doorstep, sell gym and pool memberships and host most of the city's big-ticket entertainment.
11
Dining
Dining options within Eko Atlantic are limited but improving: cafés and a handful of restaurants and lounges have opened on the lower floors of the Pearl, Azuri and A&A towers and along the Boulevard, and event caterers set up pop-ups during festivals. Most residents treat VI as their restaurant district, which is only a five-minute drive.
Closest are the hotel restaurants at Eko Hotel & Suites, Ekaabo at the Lagos Continental and the Federal Palace, followed by RSVP on Eletu Ogabi Street, The Smiths on Akin Adesola, Terra Kulture's Nigerian kitchen, Ocean Basket and the Lagoon Restaurant for seafood, Kappadocia for its Nigerian-Turkish menu, and Z Kitchen and Cilantro for modern European and Lebanese-influenced food. The Landmark waterfront in Oniru, with Hard Rock Cafe and Shiro, is ten minutes east. For everyday Nigerian food, the canteens and suya stands along Ahmadu Bello Way and Saka Tinubu are the nearest bukas.
12
Nightlife
Eko Atlantic is quiet after dark, by design. Its own night-time scene consists of tower lounges, occasional concerts and festivals on the Boulevard, and the bars of the adjoining hotels. For a proper night out residents cross Ahmadu Bello Way into Victoria Island, where Club Quilox on Ozumba Mbadiwe, Othello's, Shades Lounge, LiVE! Lounge and Cubana Pablo are all within ten minutes, or continue to the Oniru beach clubs and Landmark, which host the city's biggest weekend parties.
The upside is that noise inside the city is minimal and the streets are empty and well lit late at night; the downside for younger residents is that nothing is walkable after hours. Large events at Eko Hotel or the Boulevard can congest the single point of entry, so plan timings around concert nights.
13
Places of Interest
The Great Wall of Lagos is the defining structure: an 8.5 km rock-and-accropode sea wall that you can walk along the promenade to see, with the open Atlantic on one side and the new city on the other. Eko Boulevard, the eight-lane central avenue, and the canal bridges of the Marina District are the city's architectural showpieces, alongside the Pearl and Azuri towers themselves.
The new United States Consulate General, under construction on a 50,000 sqm site, will be one of the largest US diplomatic buildings in Africa. The starting point of the Lagos–Calabar Coastal Highway lies at the city's eastern edge. Just outside the gates are Eko Hotel & Suites and its convention centre, the Federal Palace Hotel and the remnant of Bar Beach. Nearby places of worship are the churches and mosque in central VI and the chapels at 1004 Estate, with larger congregations on Lagos Island and in Lekki.
14
Security
Eko Atlantic is one of the most controlled environments in Lagos. Vehicle entry is through manned gates, the city has its own private security force and CCTV network, internal roads are lit and patrolled, and every tower adds concierge and access control. There are no informal settlements or street trading inside the boundary, and crime within the city is rare.
Residents' concerns are less about crime and more about the single access side through VI and occasional gate queues on event nights. Environmental resilience is the other honest question: the sea wall is engineered for extreme storms, but critics link the reclamation to surges on neighbouring beaches, and buyers should satisfy themselves on drainage and insurance. For personal security, the area is as good as Lagos gets.
15
Pros & Cons
Pros
Uninterrupted independent power, water and fibre; no generators needed.
Wide, lit, traffic-free internal roads and a 10 km waterfront promenade.
New-build towers with ocean views, pools, gyms and concierge security.
Adjoins Victoria Island's offices, hotels, restaurants and hospitals.
Free-zone tax incentives and dollar-denominated assets attract international investors.
Future anchors: US Consulate, marinas and the Lagos–Calabar Coastal Highway.
Cons
Highest rents and land prices in Nigeria; mostly dollar-priced.
Still a construction site in parts, with low occupancy and few shops, schools or clinics on site.
Single access side through VI creates bottlenecks at peak and on event nights.
Rents softened in 2026 as new towers delivered, so yields are not guaranteed.
Environmental controversy over reclamation and surge impacts on neighbouring coast.
16
FAQs
Where is Eko Atlantic City?
It is on reclaimed land directly south of Victoria Island, Lagos, on the former Bar Beach shoreline in Eti-Osa Local Government Area. Entrances are from Ahmadu Bello Way at the Eko Hotel roundabout and from Akin Adesola Street, a few minutes from VI's business district.
How much is an apartment in Eko Atlantic?
Typical asking prices in 2025/2026 are roughly $500,000–$700,000 for a two-bedroom and $600,000–$1M for a three-bedroom with BQ, or about ₦750M–₦1.5B in naira. Furnished high-floor units in Eko Pearl and Azuri list at $1.2M–$1.5M, and penthouses in Oyster Towers exceed $4M.
How much is rent in Eko Atlantic?
BusinessDay reported 2025 asking rents of around ₦14M a year for a studio, ₦21M for one bedroom, ₦27M for two and ₦35M for three-bedroom flats. Nigeria Property Centre's mid-2026 average for flats was about ₦50M, with a range of roughly ₦30M–₦85M for the premium towers.
What does land cost in Eko Atlantic?
South Energyx sells serviced plots at around $1,150 per sqm in Phases 1 and 2 (minimum about 2,200 sqm, mid- to high-rise zoning) and about $1,050 per sqm in Phase 3 (minimum about 1,200 sqm, low-rise). That is roughly ₦4M per sqm, the highest in Lagos.
Is Eko Atlantic safe from flooding?
The city sits behind the Great Wall of Lagos, an 8.5 km revetment designed and tested for one-in-a-thousand-year storms, and has its own drainage and pumped systems. Critics have linked the reclamation to surges on neighbouring beaches, so buyers should review drainage reports and insurance, but the city itself has not flooded.
Is Eko Atlantic a good investment?
It offers new, dollar-priced, infrastructure-rich assets next to VI, with anchors such as the US Consulate and coastal highway still to come. Supply is currently running ahead of occupiers and rents eased in 2026, so it suits patient, long-horizon investors and corporate-let strategies rather than quick flips.
Are there schools or hospitals inside Eko Atlantic?
Not yet. Plots are reserved in the master plan, but residents currently use Victoria Island's schools (American International School, Lycée Français, Corona) and hospitals (Reddington, Euracare, Paelon), all within 10 to 15 minutes.
Who is developing Eko Atlantic?
South Energyx Nigeria Limited, a Chagoury Group subsidiary, is the master developer in partnership with Lagos State Government. Individual towers are built by separate developers, including Eko Pearl, Azuri, Arkland (A&A Towers) and the Eko Energy Estate consortium.
Enquire about Eko Atlantic
Speak with a CW Real Estate advisor for pricing, availability, and viewings in this neighbourhood.
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