Published Nov 09, 2024 by Uche Emordi
All You Need To Know About Property in Banana Island, Ikoyi Lagos: Most Expensive Neighbourhood
Property
8 mins read
All You Need To Know About Banana Island Lagos
Welcome to Banana island Lagos. Banana island is an artificial island off the foreshore of Ikoyi - secluded by design, it annexes the upscale neighborhood. It overlooks both Victoria island and Lekki Phase 1.
It is a beautiful small island eponymously titled after the shape of a banana. For only the creme de la creme of the soceity; staying in Banana island is a status symbol not just for residents of Lagos but the whole of Nigeria.
Its history is as interesting and controversial as it is the most infamous billionaire's paradise.
Who Owns Banana Island?
The true history of Banana island is shrouded in some mystery. Chief Adeleke; supposedly the owner of City Property Development Limited started the vision as Lagoon city after being relocated from his Maroko land sequel to a lengthy court battle.
After he outlined his plans for the island - building an airpot, twin towers, to mirror the World Trade centre "Twin Towers" it didn't take long before different parties started jostling for the property.
Eventually Chagoury Group - a Lebanese- Nigerian company in partnership with the Federal Ministry of Works and Housing implemented the project.
Major Landmarks In Banana Island
The first thing you notice at the entrance of Banana is the tight security. Personally I find it underwhelming as I’ve seen better gate houses in less luxurious estates but you don't judge a book by its cover.
You’re not allowed in as a non-resident unless a resident calls the gate and clears you. You will be given a code for access. This changes every hour . So for those of you that have never been to Banana, this is a virtual tour that I hope somehow will make you feel a lot less lost when you do get here.
Office Spaces There is a mixed development section of Banana island that contains residential apartments and office complexes
Airtel Office Banana Island
The airtel office. The headquarters of Airtel Nigeria is domiciled here in this building. Other companies are in this building complex as well. It’s in proximity to another office complex - the Lake point towers.
Lake Point Twin Towers Banana Island
Lakepoint Towers is a two tower office development located along 4th Avenue in Banana Island, Ikoyi in Lagos.
Both towers deliver a circa 14,000sqm of Grade A office space, which includes a rooftop garden replete with the views of the Lagos Lagoon. Construction was Completed in 2016.
This development is located in the Mixed Development Zone of Banana Island, where a few other high rise developments such as Ocean Parade, Bella Vista and Adunola House are located.
The developers, Lakepoint Limited, alongside other partners are also behind Lakepoint Apartments, a residential development with 17 luxury apartments, 3 maisonettes and 2 penthouses right at the entrance of Banana Island.
Residential Apartments
Outside the commercial and mixed use section of Banana island - it is a residential paradise. Here are the top residential apartments and houses in Banana island.
Ocean Parade Towers Banana Island
A vacant block of 24 units of 4 bedroom luxury apartments, including 2 Penthouses with self contain inbuilt BQs (each), swimming pool, Club house, Lawn Tennis, Ample parking space, Security, 24hrs Power Supply, etc.
PRICE: $25,000,000.00 (Twenty Five Million United States Dollars) only.
To buy this property in Banana Island, or for more information Click to Call us, or Send a Whatsapp message, or Email us.
Giuliano de Medici
One of the most impressive residential architectural edifices in Banana - a development by Sujimoto.
Inspired by Giuliano de' Medici (25 October 1453 – 26 April 1478) co-ruler of Florence, in the 14th century. with his brother Lorenzo the Magnificent, he complemented his brother's image as the "patron of the arts" with his own image as the handsome, sporting, "golden boy."
The Giuliano has 8, 5 bedroom luxury terrace apartments and two penthouses. It also has a three car garage, a cinema and a general pool. Davido bought a unit in 2020.
Lucrezia by Sujimoto Banana Island
Lucrezia by Sujimoto - supposedly the tallest residential building in Banana Island, this luxurious 14 storey High Rise building comprises: 16 Maisonettes and 2 Penthouses and is the first building to be covered with Glass Reinforced Concrete (GRC) façade.
A combination of 4 Bedroom maisonettes and 2 BQs, Lucrezia is designed to be a trailblazer in Africa’s most expensive square meter, Banana Island.
According to Sujimoto: The Lucrezia combines 3 rare attributes – Beauty, Affluence and Style together, with exceptional features and facilities that have no equal!
To buy this property in Banana Island, or for more information Click to Call us, or Send a Whatsapp message, or Email us.
Echina Courts Banana Island
This is a typical apartment setting consisting of several apartment units; 2, 3 and 4 bedrooms. But there is nothing typical about the architecture.
Echina court consists of several distinct units, each contributing to an elegant whole. It is among the most desirable properties on the market, with its various apartments offering stunning views of the beautifully landscaped garden area.
Echina court adds a new dimension to the architectural story of this area, almost a hint of victorian architecture or 14th century France. A spirit of traditional craftsmanship is evident in every detail.
It has a common pool area behind, that can be used for chilling and pool parties. Apartments here go anywhere from 19million naira to 24 million naira per annum for rent.
CASA MARBELA BANANA ISLAND
Banana Island Ikoyi - 3 Avenue R19. Handover December 2023
5 Bedroom + 2 BQ - BUA 719 SQM - Plot Size 505.5 SQM
5 Bedroom En-Suite 3 Floor Single Detached Building
Health & Happy Living Smart Home - Sensor Voice Remote Monitor & Management
On Site - Swimming Pool Master Bedroom Infinity Swimming Pool Cinema/Gym & Study/Library
On Site - Swimming Pool Master Bedroom Infinity Swimming Pool Cinema/Gym & Study/Library
Price: $5m
To buy this property in Banana Island, or for more information Click to Call us, or Send a Whatsapp message, or Email us.
Plot G11, Banana Island Ikoyi
Indoor Facilities
Cinema Fully Fitted Kitchen Fully Furnished Heat Extractor Intercom System Jacuzzi Roof Terrace Balcony Smart Home (Fully Automated) Study/Home Office Video Door Bell
Outdoor Facilities & Amenities
24/7 Power Supply Covered Packing General Gymnasium Security & Others Automated Gate CCTV Camera Digital Access Control Security & Access Control
L5 Banana Island
L5 Banana island within the prestigious banana island neighbourhood, designed for the upper class looking for out-of-the-ordinary homes that beats the conventional and an opportunity to reward themselves.
TYPE AND NUMBERS OF ROOMS: The ultimate reward, a unique collection of 2 ,3 & 4 bedrooms luxury residences and crowning penthouses that will forever raise the bar for luxury shoreline living in banana island, Ikoyi.
SPECIFICATIONS: Smart homes, gym, swimming pool, exclusive business lounge, electric car charging.
Starting from NGN600million.
To buy this property in Banana Island, or for more information Click to Call us, or Send a Whatsapp message, or Email us.
Fully detached mansion Banana Island
Let me just tell you something about a Banana island luxury home; you get a pool, you get a pool; everybody gets a pool!
Inside feels like a glass house. It has a beautiful terrace view overlooking the quiet neighborhood. There is a massive room across the balcony area with high transparent see through windows from which you can observe what’s going on outside. It also has rooms with wooden paneled doors and wardrobes, nice toilets and a nice kitchen as well.
Semi Detached/Fully Detached Hybrid Mansion
This is a typical semi-detached, detached hybrid building. It also has a beautiful balcony view, nice spacious rooms, beautiful flower beds out front, a compact functional kitchen.
So this is pretty much all you need to know about Banana island. If you want to get a property in Banana you can contact us today.
If you want to buy a land or house in Banana island in Lagos Nigeria, Click to Call us, or Send a Whatsapp message, or Email us.
Also: check out Banana's island with Eko Atlantic below:
Get in touch
Connect on WhatsappShare This Property
Other blog posts
