Eko Atlantic is a 10 million square metre mixed-use city constructed on reclaimed land adjacent to the Lagos coast.
The project was designed by South Energy Nigeria Limited, a project of the Chagoury Group and started in 2008.
The project, which is expected to be fully completed in about 2035, is intended to accommodate more than 250,000 residents, making it one of the most ambitious master-planned city projects privately funded in Africa.
The luxury residential segment in Eko Atlantic is characterized by a unique ecosystem.
Luxury residential properties in Lagos have experienced impressive sales price growth in naira, averaging 38%–60% annually over the past five years, mainly fueled by sustained demand from high-net-worth individuals owing to the brand equity that the project has built since it broke ground.
From our perspective, one of the defining edges of Eko Atlantic is its fully integrated infrastructure and Free Zone status, which offers tax incentives, regulatory support, and Lagos State-backed sublease. The residential market in Eko Atlantic is led by Arkland Properties with more than 220 units, alongside Eko Development Company (the developers of Eko Atlantic itself) and Eko Pearl.
With luxury apartments priced between $659,400 and $5 million, Eko Atlantic targets ultra-HNIs, particularly diaspora and institutional investors.
With major corporate relocations and over 21 pipeline developments totalling 2,500+ units, with many already 50% pre-sold, investor confidence remains strong despite some projects remaining at conceptual stages.
In this article, we will be discussing the top 7 residential developments that we find interesting in Eko Atlantic and what makes them unique.
It is a next-generation luxury residential development in Eko Atlantic City. The 16-floor tower comprises 54 exclusive units, each offering panoramic views of the harbor, the Atlantic Ocean, and the Victoria Island skyline. Its standout features include spacious maisonettes and a financially attractive investment model.
Typologies:
- Three-bedroom maisonettes starting at $550,000
- Four-bedroom maisonettes starting at $730,000
- Four-bedroom triplex penthouses on three floors
- Penthouse apartments up to 450 sqm with rooftop garden
Unique Features include:
- Smart home technology is used throughout the development
- Personalization of interior design for off-plan buyers
- Luxurious finishes with the highest quality international standard materials used
- Gym, swimming pool, and children’s play area
This is the lowest-density residential tower in the city. Construction started in late 2022 with piling works. Actual construction works started in 2024. Completion is scheduled for Q4 2026. The unique selling point of the development is the diaspora investor and the corporate executive. They will be looking for a USD-denominated transaction and high capital appreciation.
