The Journal
Market intelligence, neighbourhood research and editorial guidance on Lagos real estate.
Lekki offers the modern Lagos lifestyle — new estates, restaurants, beach access — at 50–100% above mainland prices. The mainland offers value, space, authenticity, and often a saner daily life.
Laide Matthews · 17 March 2026 · 3 min read
Ibeju-Lekki is appreciating faster right now — its infrastructure is operating, not promised. Epe has the higher potential multiple from a lower base, but over a longer timeline.
Laide Matthews · 14 March 2026 · 4 min read
Ajah is more established, slightly cheaper, and has deeper resale demand. Sangotedo is newer, pricier, and appreciating faster on the back of Lagos Business School, Novare Mall, and Monastery Road developments.
Laide Matthews · 12 March 2026 · 3 min read
Ibeju-Lekki is Lagos's biggest infrastructure bet — Dangote Refinery, Lekki Deep Sea Port, the Free Trade Zone, Alaro City, and the proposed Lekki-Epe International Airport. As of late 2026, estate land with C of O runs ₦15M–₦60M per plot depending on location and title, while excised plots near the expressway go for ₦10M–₦30M.
Laide Matthews · 11 March 2026 · 4 min read
Ikeja is the mainland's premium address — 3-bed flats run ₦95-165M (₦150-300M+ in Ikeja GRA), with lower yields but stronger long-term appreciation. Yaba is the value and cash-flow play — 3-beds at ₦100-180M, 2-beds from ₦55M, and gross yields of 6-9%.
Laide Matthews · 9 March 2026 · 4 min read
A 2-bedroom flat on the mainland sells for ₦55-110M as of late 2026 — Yaba and Surulere sit at the lower end, Ikeja and Ikeja GRA at the top. The best value is in Yaba/Akoka and Surulere, where gross rental yields of 6-9% are realistic and tenant demand never sleeps.
Laide Matthews · 8 March 2026 · 4 min read
Maryland Lagos property runs ₦90-150M for flats and around ₦160M for a 4-bedroom semi-detached duplex as of late 2026 (asking prices). Corporate rental demand along Mobolaji Bank Anthony Way keeps yields strong.
Laide Matthews · 7 March 2026 · 3 min read
Ikoyi wins on prestige and capital preservation — prices run 15-25% higher than Victoria Island for equivalent property. Victoria Island wins on rental yield and commercial versatility.
Laide Matthews · 5 March 2026 · 3 min read
A 4-bedroom terrace duplex in Lekki sells for ₦300-650M as of late 2026, depending on the estate — ₦460-650M for new builds in Lekki Phase 1, ₦300-450M in Osapa London. Terraces are the family-home sweet spot: more space than a flat, less land cost than a detached house.
Laide Matthews · 4 March 2026 · 3 min read
Luxury apartments for sale in Ikoyi start at ₦150M for a high-end 2-bedroom and run past ₦400M for 3-bedroom penthouse-style units as of late 2026. The address matters enormously — Gerard Road, Bourdillon Road and Banana Island command the biggest premiums.
Laide Matthews · 4 March 2026 · 3 min read
Oniru offers newer stock and slightly softer prices than Lekki Phase 1, with strong VI adjacency. Lekki Phase 1 offers a deeper resale market, better-established estates, and the Lekki-Ikoyi Link Bridge advantage.
Laide Matthews · 2 March 2026 · 4 min read
Flats for sale in Victoria Island, Lagos sell for ₦200-320M for 3-bedroom units as of late 2026, with 2-beds at ₦140-220M. VI prices run 10-15% above Lekki Phase 1 for comparable flats.
Laide Matthews · 2 March 2026 · 3 min read
The Dispatch
Market notes, neighbourhood research and selected opportunities. No noise.