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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
Felix Morka, the National Publicity Secretary
All Progressives Congress (APC) on Friday urged the Party faithful, supporters and all Nigerians to disregard the report labelling the party as a terrorist organisation by the Canadian Immigration Appeal Division [IAD), saying its false and misleading.
Morka, in a statement on Friday, stated categorically that the Canadian court did not declare APC as a terrorist organisation, contrary to highly erroneous media reports in circulation.
He clarified:
“As reported, the declaration was allegedly made in the case of Douglas Egharevba and the Minister of Public Safety and Emergency Preparedness, in which the Applicant (Douglas Egharevba) sought judicial review of a decision by ] which determined that the Applicant was inadmissible in Canada under its Immigration and Refugee Protection Act (IRPA).
In a decision in the matter dated June 17, 2025, Judge Phuong T.V. Ngo dismissed the application for judicial review on the ground that the Applicant was a member of the Peoples Democratic Party (PDP) and that the PDP was an organization engaged in acts of subversion under paragraph 34(1)(b.1) of the IRPA making him inadmissible in Canada.
In his analysis, the Judge stated, “As such, applying the reasonableness standard of review, I cannot find the IAD’s conclusion that the Elections in question constituted a democratic process or institution and that the PDP, its members and supporters engaged in subversive acts committed against the electoral process for the improper purpose of maintaining political power to be unreasonable.”
To be clear, the only reference to APC in the entire 16-paged decision was in the introductory “Background”, Paragraph 4, where the court referenced a “Background Declaration Form in which the Applicant stated that “he was a member of the People’s Democratic Party [PDP] of Nigeria from December 1999 until December 2007, and a member of All Progressives Congress [APC] party of Nigeria from December 2007 until May 2017.”
For the record, APC was not in existence as of 2007.
The Party was registered in 2013. The Applicant’s claim of membership of APC as of 2007 is evidently false, as he could not have been a member of APC, which didn’t exist then.
For the avoidance of doubt, we dare to state that the court never made any determination on the question of terrorism in its decision. In the Judge’s own words:
“Having found that the IAD’s analysis on subversion was reasonable, this is sufficient to dismiss the application for review. I will therefore refrain from analysing the IAD’s findings on terrorism.”
Clearly, reports that the APC was declared a terrorist organisation by the Canadian court in this matter are patently erroneous, if not mischievous.
The court did not make such a declaration, and could not have done so, as that would be an unjustifiable overreach and a major breach of fair hearing, among other due process rights, given that APC was not a party to the proceedings.
Such a decision would also have been of absolute irrelevance as being made without jurisdiction, and of no extraterritorial applicability or significance. “
News
Okonjo-Iweala Says Nigerian Economy now stable under Tinubu
“The reforms have been in the right direction. The next step is growth, and alongside that, building social safety nets so those feeling the pinch of reforms can get support.”
THE Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, declared that President Bola Tinubu and his team have worked hard to stabilize the economy.
“You cannot really improve an economy unless it’s stable,” said Okonjo-Iweala during a meeting today with President Tinubu at the Presidential Villa, Abuja.
“The reforms have been in the right direction. The next step is growth, and alongside that, building social safety nets so those feeling the pinch of reforms can get support,” she said.
She added that growth, job creation, and income expansion must go hand-in-hand with measures to cushion the impact of ongoing reforms on vulnerable Nigerians.
A tragic incident has rocked the community of Amaifeke in Orlu Local Government Area of Imo State, where a 39-year-old man, Ifeanyi Odinka, allegedly stabbed his 75-year-old father, Dennis Odinka, to death following a dispute over proceeds from a land sale.
Confirming the incident, the Imo State Police Command said Ifeanyi was arrested by operatives from the Orlu Division on August 12, 2025. According to police spokesperson ASP Henry Okoye, the suspect confessed to the crime during interrogation.
“He was immediately transferred to the State Criminal Investigation Department in Owerri for further investigation and prosecution,” Okoye stated.
The gruesome killing has left residents in shock, with community members describing the incident as deeply disturbing and calling for justice to take its course.
The police have assured the public that the suspect will face the full weight of the law. They also reiterated their commitment to maintaining law and order across the state, urging residents to report any suspicious activity to the authorities.
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