Banana Island, Ikoyi · Lagos
Banana Island - Nigeria’s most expensive address, understood properly.
A working guide to Nigeria’s most exclusive address: what it costs to rent or buy in 2026, how the estate is actually run, which zones suit which buyers, and exactly what to verify before you sign.
Your Banana Island team
Adeyemi, Sophia and Adaeze cover Ikoyi
Median flat, for sale
₦1B
Based on 3,613 active listings across the island
Median flat rent
₦40M/yr
One-beds start near ₦15M; five-bed duplexes reach ₦90M
For buyers, tenants, and corporate lettings
A man-made island, planned to a standard Lagos rarely gets.
Built by the Chagoury Group with the Federal Ministry of Power, Works and Housing. 1.63 million square metres, 536 plots of 1,000–4,000 sqm, mostly on cul-de-sacs, with residential heights capped at three storeys. The land was reclaimed from the Lagos Lagoon and graded above the surrounding shoreline, which is why the estate interior sits clear of the flood line that still troubles much of Ikoyi.
Utilities underground
Underground electrical and water networks and a central sewage treatment plant, instead of the overhead cabling normal across Lagos.
Utilities underground
Underground electrical and water networks and a central sewage treatment plant, instead of the overhead cabling normal across Lagos.
Title you can verify
Plots were allocated with formal documentation rather than the informal family-land arrangements common elsewhere in Lagos, which is why diligence here is a check rather than an excavation.
Title you can verify
Plots were allocated with formal documentation rather than the informal family-land arrangements common elsewhere in Lagos, which is why diligence here is a check rather than an excavation.
One controlled gate
A single manned entry point logs every vehicle and visitor, with CCTV on the entry, exit, and beach boundary, and armed patrols at all hours.
One controlled gate
A single manned entry point logs every vehicle and visitor, with CCTV on the entry, exit, and beach boundary, and armed patrols at all hours.
Aerial view • Banana Island
Banana Island from above: low-rise living, quiet streets and controlled access.
Banana Island from above: low-rise living, quiet streets and controlled access.
Banana Island Listings
Available on the island right now.
Verified sales and lettings on Banana Island, with the full cost of occupancy — rent, service charge, BIPORAL levy and diesel — disclosed before you view.
Verified sales and lettings on Banana Island, with the full cost of occupancy — rent, service charge, BIPORAL levy and diesel — disclosed before you view.
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Off-Plan on Banana Island
Off-plan stock still selling on the island.
Under-construction and pre-launch units from developers we track directly — payment plans, delivery timelines, titles and completion risk laid out before you commit.
Dominion Towers
Dominion Towers is a luxury residential development in Banana Island designed to deliver refined modern living with strong investment potential. The project features spacious apartments and maisonettes complemented by rooftop leisure amenities, contemporary interiors, and lifestyle facilities that support both comfortable living and long-term property value.
Project Details
Property Type
Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
4 Bedroom Apartments & 5 Bedroom Maisonettes
Architecture
Contemporary Mid-Rise Residential Tower
Rooftop Amenities
Swimming Pool, Gymnasium, Spa, Sauna
Baylad Mews
Baylad Mews is a low-density luxury development in Banana Island Foreshore Estate, comprising three detached residences designed for privacy, elegance, and contemporary living. Positioned on a prime site at 321A Close, the project combines spacious planning, private amenities, and quality utility infrastructure within one of Lagos’ most prestigious residential enclaves.
Project Details
Project Type
Luxury Residential Development
Location
321A Close, Banana Island Foreshore Estate, Ikoyi
Residences
3 Detached Homes
Unit Type
Six Bedroom Detached Residence
Completion
01/12/2026
Ocean Parade
Ocean Parade Towers is a landmark waterfront residential estate in Banana Island comprising fourteen luxury tower buildings designed to deliver secure, resort-style living. Developed by ITB Nigeria Limited, the project combines lagoon views, landscaped pedestrian spaces, and a wide range of leisure amenities within one of Lagos’ most prestigious residential districts.
Project Details
Property Type
Luxury Residential Estate
Location
Plot N2, Banana Island, Ikoyi, Lagos
Development Scale
14 Residential Tower Buildings
Setting
Waterfront Lagos Lagoon Development
Developer / Builder
ITB Nigeria Limited (Chagoury Group)
Amani
Amani is a luxury residential development in Banana Island designed around wellness, comfort, and contemporary architectural elegance. The project combines spacious apartments and maisonettes with concierge services, wellness amenities, and modern lifestyle facilities, creating a refined living experience within one of Lagos’ most prestigious residential communities.
Project Details
Property Type
Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
3 Bedroom Apartments & 5 Bedroom Maisonettes
Architecture
Contemporary High-Rise Residential Tower
Completion
01/12/2027
Fontaine Bleu
Fontaine Bleu is an exclusive luxury residence in Banana Island designed for privacy and refined living. With only four residences, the development offers a rare low-density lifestyle complemented by premium architecture, curated interiors, and a serene residential environment within one of Lagos’ most prestigious addresses.
Project Details
Property Type
Luxury Residential Development
Unit Type
5 Bedroom En-Suite Maisonettes
Residences
4 Exclusive Units
Building
4-Storey Residential Building
Completion
05/12/2026
Tinuola Towers
Tinuola Towers is a luxury residential development in Banana Island designed to deliver refined city living within one of Lagos’ most prestigious neighborhoods. Rising across 15 floors, the tower features a mix of spacious three-bedroom apartments, four-bedroom maisonettes, and penthouse residences supported by premium amenities for high-end urban living.
Project Details
Property Type
Residential Luxury Tower
Location
Banana Island, Ikoyi, Lagos
Plot Area
2,527 sqm
Building Structure
10 Residential Floors + 2 Penthouse Floor
Completion
Q4 2028. Currently at piling stage.
Lucrezia by Sujimoto
Lucrezia by Sujimoto is an ultra-luxury residential development in Banana Island designed to deliver an elevated lifestyle defined by elegance and privacy. The development offers spacious luxury apartments supported by concierge services, wellness facilities, and refined leisure spaces within one of Lagos’ most prestigious residential neighborhoods.
Project Details
Property Type
Ultra-Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
3, 4 & 5 Bedroom Luxury Apartments
Architecture
Contemporary High-Rise Residential Tower
Wellness Amenities
Infinity Pool, Fully Equipped Gym, Spa
Riva Estate
Riva Estate is an exclusive waterfront residential development in Banana Island designed to deliver a refined lifestyle defined by luxury, privacy, and exceptional views. The project features premium four-bedroom maisonettes complemented by top amenities, and modern smart-home infrastructure within one of Lagos’ most prestigious residential addresses.
Project Details
Property Type
Waterfront Luxury Residential Development
Location
218 Close, Banana Island, Ikoyi, Lagos
Unit Type
4 Bedroom Waterfront Maisonette
Amenities
Swimming Pool, Gymnasium, Private Cinema
Completion
Q1 2027
L5 Banana
L5 Banana is a luxury waterfront residential development in Banana Island designed to deliver an elevated lifestyle shaped by lagoon views, refined architecture, and premium modern living. The project offers a mix of apartments, maisonettes, and pent residences supported by smart-home features, leisure amenities, and strong residential infrastructure.
Project Details
Property Type
Luxury Waterfront Residential Development
Location
Banana Island, Ikoyi, Lagos
Developer
Grenadines Homes (A Palton Morgan Project)
Residence Mix
Apartments, Maisonettes & Penthouses
Completion
01/12/2026
Grace Harbor
Grace Harbor is a luxury residential apartment development in Banana Island designed for buyers seeking privacy, comfort, and service-led living in a prime address. With modern architecture, and top notch amenities the development offers a refined living experience tailored to both discerning homeowners and long-term investors.
Project Details
Property Type
Luxury Residential Apartment Development
Location
Banana Island, Ikoyi, Lagos
Unit Type
4 Bedroom Luxury Apartment
Living Concept
Fully Serviced Luxury Living
Architecture
Modern Residential Architecture
Bijou
Bijou Tower is a luxury high-rise residential development in Banana Island designed to deliver refined living within one of Lagos’ most prestigious neighborhoods. Standing as the tallest residential tower on the island, the development offers a range of apartments, maisonettes, and penthouses supported by premium amenities for an elevated lifestyle.
Project Details
Property Type
Luxury High-Rise Residential Development
Location
Banana Island, Ikoyi, Lagos
Building Height
20-Storey Residential Tower
Residence Mix
Apartments, Maisonettes & Penthouses
Completion
March 2027
Dominion Towers
Dominion Towers is a luxury residential development in Banana Island designed to deliver refined modern living with strong investment potential. The project features spacious apartments and maisonettes complemented by rooftop leisure amenities, contemporary interiors, and lifestyle facilities that support both comfortable living and long-term property value.
Project Details
Property Type
Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
4 Bedroom Apartments & 5 Bedroom Maisonettes
Architecture
Contemporary Mid-Rise Residential Tower
Rooftop Amenities
Swimming Pool, Gymnasium, Spa, Sauna
Baylad Mews
Baylad Mews is a low-density luxury development in Banana Island Foreshore Estate, comprising three detached residences designed for privacy, elegance, and contemporary living. Positioned on a prime site at 321A Close, the project combines spacious planning, private amenities, and quality utility infrastructure within one of Lagos’ most prestigious residential enclaves.
Project Details
Project Type
Luxury Residential Development
Location
321A Close, Banana Island Foreshore Estate, Ikoyi
Residences
3 Detached Homes
Unit Type
Six Bedroom Detached Residence
Completion
01/12/2026
Ocean Parade
Ocean Parade Towers is a landmark waterfront residential estate in Banana Island comprising fourteen luxury tower buildings designed to deliver secure, resort-style living. Developed by ITB Nigeria Limited, the project combines lagoon views, landscaped pedestrian spaces, and a wide range of leisure amenities within one of Lagos’ most prestigious residential districts.
Project Details
Property Type
Luxury Residential Estate
Location
Plot N2, Banana Island, Ikoyi, Lagos
Development Scale
14 Residential Tower Buildings
Setting
Waterfront Lagos Lagoon Development
Developer / Builder
ITB Nigeria Limited (Chagoury Group)
Amani
Amani is a luxury residential development in Banana Island designed around wellness, comfort, and contemporary architectural elegance. The project combines spacious apartments and maisonettes with concierge services, wellness amenities, and modern lifestyle facilities, creating a refined living experience within one of Lagos’ most prestigious residential communities.
Project Details
Property Type
Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
3 Bedroom Apartments & 5 Bedroom Maisonettes
Architecture
Contemporary High-Rise Residential Tower
Completion
01/12/2027
Fontaine Bleu
Fontaine Bleu is an exclusive luxury residence in Banana Island designed for privacy and refined living. With only four residences, the development offers a rare low-density lifestyle complemented by premium architecture, curated interiors, and a serene residential environment within one of Lagos’ most prestigious addresses.
Project Details
Property Type
Luxury Residential Development
Unit Type
5 Bedroom En-Suite Maisonettes
Residences
4 Exclusive Units
Building
4-Storey Residential Building
Completion
05/12/2026
Tinuola Towers
Tinuola Towers is a luxury residential development in Banana Island designed to deliver refined city living within one of Lagos’ most prestigious neighborhoods. Rising across 15 floors, the tower features a mix of spacious three-bedroom apartments, four-bedroom maisonettes, and penthouse residences supported by premium amenities for high-end urban living.
Project Details
Property Type
Residential Luxury Tower
Location
Banana Island, Ikoyi, Lagos
Plot Area
2,527 sqm
Building Structure
10 Residential Floors + 2 Penthouse Floor
Completion
Q4 2028. Currently at piling stage.
Lucrezia by Sujimoto
Lucrezia by Sujimoto is an ultra-luxury residential development in Banana Island designed to deliver an elevated lifestyle defined by elegance and privacy. The development offers spacious luxury apartments supported by concierge services, wellness facilities, and refined leisure spaces within one of Lagos’ most prestigious residential neighborhoods.
Project Details
Property Type
Ultra-Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
3, 4 & 5 Bedroom Luxury Apartments
Architecture
Contemporary High-Rise Residential Tower
Wellness Amenities
Infinity Pool, Fully Equipped Gym, Spa
Riva Estate
Riva Estate is an exclusive waterfront residential development in Banana Island designed to deliver a refined lifestyle defined by luxury, privacy, and exceptional views. The project features premium four-bedroom maisonettes complemented by top amenities, and modern smart-home infrastructure within one of Lagos’ most prestigious residential addresses.
Project Details
Property Type
Waterfront Luxury Residential Development
Location
218 Close, Banana Island, Ikoyi, Lagos
Unit Type
4 Bedroom Waterfront Maisonette
Amenities
Swimming Pool, Gymnasium, Private Cinema
Completion
Q1 2027
L5 Banana
L5 Banana is a luxury waterfront residential development in Banana Island designed to deliver an elevated lifestyle shaped by lagoon views, refined architecture, and premium modern living. The project offers a mix of apartments, maisonettes, and pent residences supported by smart-home features, leisure amenities, and strong residential infrastructure.
Project Details
Property Type
Luxury Waterfront Residential Development
Location
Banana Island, Ikoyi, Lagos
Developer
Grenadines Homes (A Palton Morgan Project)
Residence Mix
Apartments, Maisonettes & Penthouses
Completion
01/12/2026
Grace Harbor
Grace Harbor is a luxury residential apartment development in Banana Island designed for buyers seeking privacy, comfort, and service-led living in a prime address. With modern architecture, and top notch amenities the development offers a refined living experience tailored to both discerning homeowners and long-term investors.
Project Details
Property Type
Luxury Residential Apartment Development
Location
Banana Island, Ikoyi, Lagos
Unit Type
4 Bedroom Luxury Apartment
Living Concept
Fully Serviced Luxury Living
Architecture
Modern Residential Architecture
Bijou
Bijou Tower is a luxury high-rise residential development in Banana Island designed to deliver refined living within one of Lagos’ most prestigious neighborhoods. Standing as the tallest residential tower on the island, the development offers a range of apartments, maisonettes, and penthouses supported by premium amenities for an elevated lifestyle.
Project Details
Property Type
Luxury High-Rise Residential Development
Location
Banana Island, Ikoyi, Lagos
Building Height
20-Storey Residential Tower
Residence Mix
Apartments, Maisonettes & Penthouses
Completion
March 2027
Dominion Towers
Dominion Towers is a luxury residential development in Banana Island designed to deliver refined modern living with strong investment potential. The project features spacious apartments and maisonettes complemented by rooftop leisure amenities, contemporary interiors, and lifestyle facilities that support both comfortable living and long-term property value.
Project Details
Property Type
Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
4 Bedroom Apartments & 5 Bedroom Maisonettes
Architecture
Contemporary Mid-Rise Residential Tower
Rooftop Amenities
Swimming Pool, Gymnasium, Spa, Sauna
Baylad Mews
Baylad Mews is a low-density luxury development in Banana Island Foreshore Estate, comprising three detached residences designed for privacy, elegance, and contemporary living. Positioned on a prime site at 321A Close, the project combines spacious planning, private amenities, and quality utility infrastructure within one of Lagos’ most prestigious residential enclaves.
Project Details
Project Type
Luxury Residential Development
Location
321A Close, Banana Island Foreshore Estate, Ikoyi
Residences
3 Detached Homes
Unit Type
Six Bedroom Detached Residence
Completion
01/12/2026
Ocean Parade
Ocean Parade Towers is a landmark waterfront residential estate in Banana Island comprising fourteen luxury tower buildings designed to deliver secure, resort-style living. Developed by ITB Nigeria Limited, the project combines lagoon views, landscaped pedestrian spaces, and a wide range of leisure amenities within one of Lagos’ most prestigious residential districts.
Project Details
Property Type
Luxury Residential Estate
Location
Plot N2, Banana Island, Ikoyi, Lagos
Development Scale
14 Residential Tower Buildings
Setting
Waterfront Lagos Lagoon Development
Developer / Builder
ITB Nigeria Limited (Chagoury Group)
Amani
Amani is a luxury residential development in Banana Island designed around wellness, comfort, and contemporary architectural elegance. The project combines spacious apartments and maisonettes with concierge services, wellness amenities, and modern lifestyle facilities, creating a refined living experience within one of Lagos’ most prestigious residential communities.
Project Details
Property Type
Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
3 Bedroom Apartments & 5 Bedroom Maisonettes
Architecture
Contemporary High-Rise Residential Tower
Completion
01/12/2027
Fontaine Bleu
Fontaine Bleu is an exclusive luxury residence in Banana Island designed for privacy and refined living. With only four residences, the development offers a rare low-density lifestyle complemented by premium architecture, curated interiors, and a serene residential environment within one of Lagos’ most prestigious addresses.
Project Details
Property Type
Luxury Residential Development
Unit Type
5 Bedroom En-Suite Maisonettes
Residences
4 Exclusive Units
Building
4-Storey Residential Building
Completion
05/12/2026
Tinuola Towers
Tinuola Towers is a luxury residential development in Banana Island designed to deliver refined city living within one of Lagos’ most prestigious neighborhoods. Rising across 15 floors, the tower features a mix of spacious three-bedroom apartments, four-bedroom maisonettes, and penthouse residences supported by premium amenities for high-end urban living.
Project Details
Property Type
Residential Luxury Tower
Location
Banana Island, Ikoyi, Lagos
Plot Area
2,527 sqm
Building Structure
10 Residential Floors + 2 Penthouse Floor
Completion
Q4 2028. Currently at piling stage.
Lucrezia by Sujimoto
Lucrezia by Sujimoto is an ultra-luxury residential development in Banana Island designed to deliver an elevated lifestyle defined by elegance and privacy. The development offers spacious luxury apartments supported by concierge services, wellness facilities, and refined leisure spaces within one of Lagos’ most prestigious residential neighborhoods.
Project Details
Property Type
Ultra-Luxury Residential Development
Location
Banana Island, Ikoyi, Lagos
Residence Mix
3, 4 & 5 Bedroom Luxury Apartments
Architecture
Contemporary High-Rise Residential Tower
Wellness Amenities
Infinity Pool, Fully Equipped Gym, Spa
Riva Estate
Riva Estate is an exclusive waterfront residential development in Banana Island designed to deliver a refined lifestyle defined by luxury, privacy, and exceptional views. The project features premium four-bedroom maisonettes complemented by top amenities, and modern smart-home infrastructure within one of Lagos’ most prestigious residential addresses.
Project Details
Property Type
Waterfront Luxury Residential Development
Location
218 Close, Banana Island, Ikoyi, Lagos
Unit Type
4 Bedroom Waterfront Maisonette
Amenities
Swimming Pool, Gymnasium, Private Cinema
Completion
Q1 2027
L5 Banana
L5 Banana is a luxury waterfront residential development in Banana Island designed to deliver an elevated lifestyle shaped by lagoon views, refined architecture, and premium modern living. The project offers a mix of apartments, maisonettes, and pent residences supported by smart-home features, leisure amenities, and strong residential infrastructure.
Project Details
Property Type
Luxury Waterfront Residential Development
Location
Banana Island, Ikoyi, Lagos
Developer
Grenadines Homes (A Palton Morgan Project)
Residence Mix
Apartments, Maisonettes & Penthouses
Completion
01/12/2026
Grace Harbor
Grace Harbor is a luxury residential apartment development in Banana Island designed for buyers seeking privacy, comfort, and service-led living in a prime address. With modern architecture, and top notch amenities the development offers a refined living experience tailored to both discerning homeowners and long-term investors.
Project Details
Property Type
Luxury Residential Apartment Development
Location
Banana Island, Ikoyi, Lagos
Unit Type
4 Bedroom Luxury Apartment
Living Concept
Fully Serviced Luxury Living
Architecture
Modern Residential Architecture
Neighbourhood Lifestyle
Inside the Neighbourhood
(01)
Schools
(02)
Hospitals
(03)
Dining & lifestyle
Three of the schools Banana Island families actually use, all inside a short Ikoyi run.
Lagos Preparatory & Secondary School, Ikoyi
Corona School, Ikoyi
British International School, Victoria Island
Neighbourhood Lifestyle
Inside the Neighbourhood
(01)
Schools
(02)
Hospitals
(03)
Dining & lifestyle
Three of the schools Banana Island families actually use, all inside a short Ikoyi run.
Lagos Preparatory & Secondary School, Ikoyi
Corona School, Ikoyi
British International School, Victoria Island
Neighbourhood Lifestyle
Inside the Neighbourhood
(01)
Schools
(02)
Hospitals
(03)
Dining & lifestyle
Three of the schools Banana Island families actually use, all inside a short Ikoyi run.
Lagos Preparatory & Secondary School, Ikoyi
Corona School, Ikoyi
British International School, Victoria Island
Living on the island
What daily life here actually involves.
BIPORAL, the Banana Island Property Owners and Residents’ Association, enforces estate rules across all 536 plots: security, waste, street lighting, and communal maintenance.
Genuinely quiet
Cul-de-sacs make through-traffic impossible.
Pedestrians move without competing with commercial vehicles, and the waterfront position keeps evenings cooler than denser parts of Ikoyi.
Genuinely quiet
Cul-de-sacs make through-traffic impossible.
Pedestrians move without competing with commercial vehicles, and the waterfront position keeps evenings cooler than denser parts of Ikoyi.
Genuinely quiet
Cul-de-sacs make through-traffic impossible.
Pedestrians move without competing with commercial vehicles, and the waterfront position keeps evenings cooler than denser parts of Ikoyi.
Island corridor commute
Victoria Island in 10–20 minutes, off-peak.
Via Bourdillon Road and Falomo Bridge. Expect 30–45 minutes at weekday peak, and 60–90 minutes or more to Ikeja over the Third Mainland Bridge.
Island corridor commute
Victoria Island in 10–20 minutes, off-peak.
Via Bourdillon Road and Falomo Bridge. Expect 30–45 minutes at weekday peak, and 60–90 minutes or more to Ikeja over the Third Mainland Bridge.
Island corridor commute
Victoria Island in 10–20 minutes, off-peak.
Via Bourdillon Road and Falomo Bridge. Expect 30–45 minutes at weekday peak, and 60–90 minutes or more to Ikeja over the Third Mainland Bridge.
Budget the full cost
Service charges are substantial and mandatory.
BIPORAL levies plus building service charges and generator diesel add roughly ₦4M–₦10M a year on top of headline rent.
Budget the full cost
Service charges are substantial and mandatory.
BIPORAL levies plus building service charges and generator diesel add roughly ₦4M–₦10M a year on top of headline rent.
Budget the full cost
Service charges are substantial and mandatory.
BIPORAL levies plus building service charges and generator diesel add roughly ₦4M–₦10M a year on top of headline rent.
The landmarks that frame the island.
Banana Island sits at the western end of Ikoyi, and three structures shape how residents actually move and spend their time here.
Lekki–Ikoyi Link Bridge
The cable-stayed crossing to Lekki
Lekki–Ikoyi Link Bridge
The cable-stayed crossing to Lekki
Falomo Bridge
The direct route to Victoria Island
Falomo Bridge
The direct route to Victoria Island
Ikoyi Club 1938
Golf, tennis and the olf Ikoyi establishment
Ikoyi Club 1938
Golf, tennis and the olf Ikoyi establishment
Why buy through us
Banana Island specialists
Lagos · Abuja · International
Verified listings only
CW Real Estate
An address this expensive deserves proper diligence, not a sales pitch.
We broker sales, lettings and off-plan across Banana Island and the wider Ikoyi corridor. Every listing is confirmed available before we take you out, and we tell you the full cost of occupancy — service charges, BIPORAL levies and diesel — before you commit to anything.
“Our standard is simple. If we haven’t verified the title, the levies and the true cost of running the place ourselves, you never see the listing.”
15M–90M
Annual rent range (₦)
536
Plots on the island
150+
Active listings
Market data
What it costs to be here in 2026.
Entry-level rent, per year
₦15M
A one-bedroom apartment in a serviced block, before service charge, levies and diesel.
Prime rent, per year
₦90M
A large waterfront home at the highest asking rents on the island, before service charge.
Service charge, per year
₦4M–₦10M
BIPORAL levy
Diesel
Maintenance
Estate security
Waste removal
Water treatment
Street lighting
Grounds upkeep
Grid supply, Band A Charge per year
₦5M–₦10M
At the NERC-approved Eko Disco Band A rate of ₦209.5/kWh, on 20–22 hours of daily supply
Scarcity holds value
With only 536 plots and virtually all land developed, supply cannot expand. That structural scarcity is what supports price stability here.
Scarcity holds value
With only 536 plots and virtually all land developed, supply cannot expand. That structural scarcity is what supports price stability here.
Enquire
Book a Banana Island viewing.
Tell us your bedroom count, budget and timeline. We will come back with verified availability and the full cost of occupancy.
Same-day availability check
No inspection fee before we confirm the property is live.
Send us your brief and we will respond within 24 hours.
Enquire
Book a Banana Island viewing.
Tell us your bedroom count, budget and timeline. We will come back with verified availability and the full cost of occupancy.
Same-day availability check
No inspection fee before we confirm the property is live.
Send us your brief and we will respond within 24 hours.
Banana Island FAQs
What buyers and tenants ask us first.
If your question is not covered here, speak to us directly.
How much is rent in Banana Island in 2026?
Roughly ₦15,000,000 a year for a one-bedroom up to ₦90,000,000 for a large five-bedroom duplex. Two-beds sit at ₦27M–₦36M, three-beds at ₦30M–₦60M depending on whether the stock is older interior or fully serviced waterfront. Service charges and generator levies add ₦4M–₦10M a year on top.
Is Banana Island on the Island or the mainland?
Does Banana Island flood?
Can I run a short-let or Airbnb here?
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Contact info
Address
3/5 Modupe Alakija, Ikoyi , Lagos
Get the latest property listings and insights delivered straight to your inbox.
Contact info
Address
3/5 Modupe Alakija, Ikoyi , Lagos
Get the latest property listings and insights delivered straight to your inbox.
Contact info
Address
3/5 Modupe Alakija, Ikoyi , Lagos