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Top 10 Places Where Smart Money Flows in Lagos Real Estate in 2024, by Dennis Isong.
Last week, my friend Chidi called me in a panic. “Bros, I just inherited ₦50 million from my extremely wealthy uncle, and my wife wants us to buy land in Banana Island!” he exclaimed.
I couldn’t help but laugh. “Chidi,” I replied, “with ₦50 million, you can’t even buy a decent-sized parking space in Banana Island.”
That’s the reality of Lagos real estate – a market where dreams meet practicality, and smart investors look beyond the obvious.
As Lagos continues its relentless expansion, new investment opportunities are emerging in previously overlooked areas.
Let’s explore the top 10 real estate investment hotspots that promise significant returns in 2024.
1. Sangotedo
Once considered the backwoods of Lekki, Sangotedo has transformed into a real estate goldmine.
With the completion of several major road networks and the presence of notable institutions like the Lagos Business School, property values here have appreciated by over 40% in the last two years.
The area offers a perfect blend of residential and commercial opportunities, with land prices still reasonable enough for medium-scale investors.
2. Ikorodu
North Don’t roll your eyes just yet! Ikorodu North, particularly around Ijede Road, is experiencing unprecedented development.
The ongoing road expansion project and the proposed Fourth Mainland Bridge access point have triggered a surge in property values.
Early investors are already reaping rewards, with some reporting up to 60% appreciation in just 18 months.
3. Epe
The quiet transformation of Epe into a major industrial hub is perhaps Lagos’s best-kept real estate secret.
With the Lekki Deep Sea Port now operational and the Dangote Refinery nearby, Epe’s real estate market is on steroids.
Focus on areas around the Lekki-Epe Expressway and the new Epe Resort Road.
4. Badagry
History is repeating itself in Badagry, but this time with property values.
The completion of the Lagos-Badagry Expressway project has opened up unprecedented opportunities. International investors are quietly acquiring large land parcels here, particularly around the Free Trade Zone area.
The planned seaport project makes this a long-term investment goldmine.
5. Abijo GRA
Situated between Ajah and Ibeju-Lekki, Abijo GRA represents the new face of luxury suburban living in Lagos.
The area benefits from excellent infrastructure and proximity to major developments along the Lekki corridor. Property values here have shown consistent appreciation, with a remarkable 35% increase in the past year alone.
6. Isheri North
This area’s transformation from a flood-prone zone to a prime real estate location is nothing short of miraculous. Improved drainage systems and the completion of several estate projects have boosted investor confidence.
The proximity to both Lagos and Ogun states makes it a unique investment opportunity.
7. Bogije
Located along the Lekki-Epe Expressway, Bogije is experiencing a real estate renaissance.
The area benefits from its strategic location between developed Ajah and the industrial hub of Ibeju-Lekki.
Land prices here are still relatively affordable, making it attractive for both individual and institutional investors.
8. Agbowa
Don’t let the distance fool you. Agbowa is emerging as Lagos’s new industrial frontier.
The state government’s focus on developing this area as an industrial hub has sparked interest from real estate investors.
Early birds here stand to gain significantly as industrial development drives residential and commercial property demand.
9. Alimosho
As Lagos’s largest local government area, Alimosho continues to offer diverse real estate opportunities. The focus areas are around Ikotun-Igando and Ayobo-Ipaja axes, where improved road networks and the proposed rail line are driving property appreciation.
The high population density ensures steady rental income for residential properties.
10. Ibeju-Lekki
Despite being an obvious choice, Ibeju-Lekki deserves its spot on this list.
The area around the Lekki Free Trade Zone continues to appreciate, driven by industrial developments and improved infrastructure. However, smart investors are now looking at secondary locations within Ibeju-Lekki, particularly areas around Eleko Junction and Akodo.Investment
As Lagos continues its march toward becoming Africa’s premier megacity, these locations offer varying degrees of opportunity for different categories of investors.
Tips:
● Due diligence is crucial. Always verify land titles and obtain necessary documentation.
● Consider infrastructure development plans when making investment decisions.
● Long-term holds typically yield better returns in Lagos real estate.
● Partner with reputable real estate professionals for guidance.
● Keep an eye on government policies and development plans.
Remember Chidi? He eventually invested in two plots in Sangotedo instead of chasing the Banana Island dream.
Six months later, a major tech company announced plans to build their campus nearby, and his property value jumped by 25%. Sometimes, the best investment opportunities aren’t in the most obvious places.
As Lagos continues its march toward becoming Africa’s premier megacity, these locations offer varying degrees of opportunity for different categories of investors.
Whether you’re looking for quick appreciation or steady long-term growth, understanding these hotspots’ unique characteristics and growth drivers is crucial for making informed investment decisions.
The key to success in Lagos real estate remains the same: buy where development is going, not where it has been. As we navigate through 2024, these areas represent the sweet spot where opportunity meets affordability, promising significant returns for discerning investors.
▪︎Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
News
BREAKING: Nollywood Actress and Producer Allwell Ademola Passes Away at 43
Nollywood has been plunged into mourning following the sudden death of popular Yoruba actress, producer, director, and singer Allwell Ademola. She was 43 years old.
Reports indicate that Ademola collapsed at her residence and was rushed by a neighbor to Ancilla Hospital in Agege, Lagos, where she was pronounced dead. Unconfirmed sources suggest she suffered a heart attack.
The news broke earlier today, with filmmaker Seun Oloketuyi initially sharing the information on Instagram (in a post that was later deleted). Colleagues quickly reacted on social media, expressing shock and grief.
Actress Faithia Williams posted: “Haaaa. This hit me so bad. Eniobanke. Allahu Akbar..Allwell.”
Mide Martins wrote on Facebook: “BLACK SATURDAY……This is not fair😭 May God forgive your shortcomings Allwell😭😭😭”
Actor Damola Olatunji shared a candlelight image with the caption: “Life is a mirage.”
Allwell Ademola, born August 9, 1982, was a granddaughter of the late Sir Adetokunbo Ademola, Nigeria’s first indigenous Chief Justice. She began her career as a child actor and rose to prominence in Yoruba-language films, producing several movies and mentoring upcoming talents in the industry.
Her passing marks another loss for Nollywood in 2025, leaving fans and colleagues devastated by the abrupt end to a vibrant career. Details surrounding the incident remain limited as family and friends process the tragedy.
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Obituary: Over 1000 bid Olive Onwubuya “bye-bye”, awaiting resurrection
“… Olive has just lived the first phase of her life; in the future, she will be resurrected to live forever on a paradise earth.”
More than 1,065 people paid their last respects to Olive Chelsey Chikperem Onwubuya, buried today, December 27, at the Epe cemetery in Lagos.
Olive, born on January 16, 1991 (34 ), would have turned 35 years on January 16, 2026, but died on November 19, 2025, as a result of a brief illness.
Olive, the CEO / Founder of Medical Apparels and O’exotic Drinks – SI WELL, left behind her husband, Caleb Onwubuya, two children (Sterling and Sheryl), her parents, Smart Mbagwu and Nkeiru Mbagwu, including her siblings, Smart Jnr, Carlson, and Fortune, as well as uncles and aunts, etc.
FUNERAL DISCOURSE
Joshua James Olufemi, a minister of Jehovah’s Witnesses, delivered the funeral discourse held at the Kingdom Hall of Jehovah’s Witnesses, located at the Elf bus stop in Lekki, Lagos.
He told the over 1, 000 audience in- person /Zoom, that Olive, a regular pioneer – devoting 50 hours each month to helping others learn about God’s kingdom, had strong faith in her God Jehovah, and she served Him faithfully till death.

•Olive’s coffin is being taken out for burial after the funeral discourse in the Kingdom Hall .
Emphasising the Bible’s hope for the dead at John 3: 28, 29., Acts 24: 15, the minister assured the bereaved family and friends: “Olive has just lived the first phase of her life; in the future, she will be resurrected to live forever on a paradise earth.”
He added that while alive, Olive made a good name with God and was a source of comfort to every life she touched.
He said: ” A funeral reminds us of the brevity and uncertainty of life (Ec 9:11). The reality of death makes us think about how we are using our life (Ps 90:12).
By the way we live, we can make “a good name” with Jehovah God (Ec 7:1-4). Jesus said for us to store up treasures in heaven (Mt 6:19-21).
By our zealous works and godly conduct, we share in sanctifying Jehovah’s name (Pr 27:11)
The resurrection hope provides an incentive to learn and do God’s will (1Co 15:58; 1Ti 2:3, 4).
Those who do so can be certain that they will soon see their resurrected loved ones again.
We should use this occasion and the days ahead to comfort one another (1Th 5:11). As fellow believers, we can remind one another of our sure hope and provide emotional support (Pr 17:17).
We prayerfully look to Jehovah to give needed strength until he provides permanent relief (Ps 9:9, 10).”
MY OBIDIYA

•The couple and their children, Sterling and Sheryl. Credit: family album
In a memoir, Caleb Onwubuya, the husband of the deceased , recalled how they met the first time and fell in love: ” After a friend connected us, I already knew she was the one for me. She followed me. She supported me, respected me; loved me, protected me and prayed for me and grew with me.
We had a stable family, a spiritually conscious family …but death snatched her away from me.
Now, I feel empty and helpless without her but I am consoled by the hope of Resurrection. I will dearly miss my OBIDIYA. Till we see again in paradise.”
Meanwhile, Caleb Onwubuya and his family associate with the Cooperative Road Congregation of Jehovah’s Witnesses, Ajah, Lagos.
“A funeral reminds us of the brevity and uncertainty of life (Ec 9:11). The reality of death makes us think about how we are using our lives (Ps 90:12).”
News
FG Approves U.S airstrikes on Terrorists , says foreign minister Tuggar
Tuggar said the strikes had been planned “for quite some time” using intelligence provided by Nigeria. He also did not rule out further strikes.
• President Donald Trump and President Bola Tinubu
The Nigeria government has confirmed that the US bombing of terrorists camps linked to the Islamic State group (IS) in north-western Nigeria, was a joint operation with the Nigerian army.
On Thursday Christmas night, camps run by the Lakurawa terrorists group in Sokoto state were hit near the border with Niger, the US military said.
Nigerian Foreign Minister Yusuf Maitama Tuggar told the BBC that it was a “joint operation” and had “nothing to do with a particular religion”.
Tuggar said the strikes had been planned “for quite some time” using intelligence provided by Nigeria. He also did not rule out further strikes.
Referencing the timing of strikes – which took place late on Thursday – he said they did not have “anything to do with Christmas”.
The US military said an “initial assessment” suggested “multiple” fatalities in Sokoto state.
A local official in the Tangaza area of Sokoto state, Isa Salihu Bashir, told the BBC the strikes had “hit some Lakurawa terrorist camps”. He said many fighters had been killed but the death toll was unclear
US President Donald Trump said the Christmas Day strikes had been “deadly” and labelled the group “terrorist scum”, saying they had been “targeting and viciously killing, primarily, innocent Christians”.
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