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    Home » 8 Best Places to live in Lagos
    Real Estate

    8 Best Places to live in Lagos

    Ifetayo AdeniyiBy Ifetayo AdeniyiSeptember 20, 20233 Mins Read
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    8 Best Places to live in Lagos

    On the vibrant coastal shores of Nigeria lies Lagos, a city that stands as the nation’s economic hub. It’s a bustling city with a rich cultural heritage and diverse neighbourhoods, making Lagos home to some of Nigeria’s best places to live.

    Lagos is a city that is constantly developing and changing. While it may have a higher cost of living than other parts of the country, many people consider it a worthy investment. From crowded metropolitan centres to peaceful open spaces dotted with exquisite mansions, the city has a lot to offer.

    Here are some of the best places to live in Lagos.

    Banana Island

    Banana Island is an artificial island home to some of the wealthiest people in Nigeria. It is known for its luxurious homes, high-end amenities, quiet streets and serene landscape.

    Victoria Island

    Victoria Island, located in the heart of Lagos Island and named after Queen Victoria, is another affluent neighbourhood home to many businesses and embassies. It is also well-known for its gorgeous surroundings, including various restaurants, stores, malls, and clubs. It is also a popular tourist destination.

    Ikoyi

    Ikoyi, on Lagos Island, Ikoyi is a historic neighbourhood known for its beautiful beaches and green spaces. It is also home to several high-end schools and hospitals. This neighbourhood is popular among expatriates because of its high-end real estate, excellent eating places, and luxury hotels. It also houses embassies and corporate offices.

    Lekki

    Lekki is a rapidly growing neighbourhood home to a mix of people from all walks of life. It is known for its beautiful beaches, modern amenities, and vibrant nightlife. It is filled with lovely houses in neighbourhoods such as Nicon Town, Victory Park, Lekki Phase 1, Pinnock, UPDC, and Goshen. This expanding community has outstanding work prospects, government assistance, first-rate schools, medical facilities, shopping centres, and recreational attractions.

    Eko Atlantic

    Eko Atlantic is a modern city built on reclaimed land off the coast of Victoria Island. It will be built as a smart city with cutting-edge infrastructure and services. The project is expected to be completed by 2027.

    Magodo

    Magodo is a quiet neighbourhood that is popular with families. It is known for its good schools, friendly neighbours, and well-maintained streets, making it an excellent choice for anyone looking for a house in Lagos. It especially appeals to individuals who wish to be close to their workplace.

    Surulere

    Surulere is a vibrant neighbourhood home to a mix of people from all walks of life. It is known for its lively markets, delicious food, and diverse cultural attractions. This thriving district has outstanding work prospects, government assistance, first-rate schools, healthcare facilities, shopping locations, and recreational experiences.

    Gbagada

    Gbagada is a working-class neighbourhood known for its affordable housing and convenient transportation links. It is also home to many factories and businesses.

    It is primarily populated by working-class families that appreciate the appealing properties in locations such as Gbagada Phase 1, Medina Estate, and Ifako. This bustling city is known for its vibrant neighbourhoods and sense of security.

    Lagos, Nigeria, is a bustling city with its unique appeal, vibrant culture, various neighbourhoods, and an extensive range of amenities that many consider the best place to live.

    Lagos has something for everyone; whether you’re drawn to the energy of the urban landscape or the serenity of its affluent neighbourhoods, it’s evident that this city offers a rich tapestry of experiences for those seeking a lively and rewarding lifestyle, making it a truly remarkable best place to live.

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    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

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    The real estate market in the Lekki-Epe corridor has officially transitioned into a “Golden Growth Phase,” with the Ogba-Idunnu and Lekki Aviation Town axes emerging as the primary beneficiaries of the proposed Lekki International Airport. As of January 2026, real estate analysts and major developers, including Harmony Gardens and Estate Development Ltd, have confirmed that this sub-market is outperforming traditional investment zones due to its strategic proximity to a suite of mega-infrastructure projects. Analysts project that capital appreciation for properties in these specific zones will reach 35% this year, driven by an “infrastructure-led growth” model where value spikes are triggered by government approvals and visible construction progress. ​Lekki Aviation Town, positioned directly opposite the 3,500-hectare site of the proposed international airport, is currently being marketed as a “buy-and-build” opportunity rather than a speculative venture. Residential plots of 500sqm in the area are now averaging between N37.5 million and N60 million, while 1,000sqm commercial plots are commanding prices as high as N150 million. Development in the sector is accelerating with the construction of a 2.5km internal road network and the ongoing substructure for the “Asake Cottage” units. ​The rapid appreciation is linked to what experts describe as a “multiplier effect” caused by a cluster of catalysts, including the Lekki Deep Sea Port, the Dangote Refinery, and the Lekki Free Trade Zone. Industry experts are comparing the current state of Ibeju-Lekki and Epe to the early development of Lekki Phase 1, predicting that these regions will become the new economic heart of Lagos. This “Shenzhen Effect” has spurred a massive influx of capital, with developers focusing on the Ogba-Idunnu axis to cater to thousands of high-middle-income professionals migrating to work in the nearby industrial hubs. ​While prime districts like Ikoyi and Victoria Island continue to see stable, moderate appreciation of 5% to 10%, the current “Mainland Renaissance” in Epe and Ibeju-Lekki is capturing the bulk of diaspora and early-stage investment capital. Developers note that the Ogba-Idunnu area has specifically emerged as a preferred residential expansion zone, offering a 15-to-25-minute commute to the new airport while remaining insulated from the direct industrial noise of the Free Trade Zone.

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