Do you want to buy luxury apartments in Lagos? Would you like to know the best places in Lagos to buy premium luxury apartments?
As a matter of fact, that’s what we’d be talking about in today’s post.
So, what makes an apartment a luxury apartment? And where are the five top locations where you can buy these kinds of apartments in Lagos?
To answer that question, here is a list of the top five premium locations to buy luxury apartments in Lagos, Nigeria.
But first of all…
Where is Lagos located?
Lagos, Nigeria not to be mistaken with Lagos, Portugal.
Also known as Eko, is arguably the most populous city in Nigeria, and Africa, with the fourth-highest GDP in Africa.
The city of Lagos is a world-class destination for travelers, it is home to a lot of beautiful sights and it has a deep cultural history. What’s more, Lagos is one of Africa’s most amazing cities.
Lagos houses the top of the top real estate properties in Nigeria, and arguably some of Africa’s biggest, most exclusive real estate can be found in this beautiful city.
Personally, we think Lagos is also the entertainment hub of Africa.
What is a luxury apartment?
A luxury apartment is a high-end, top of the line apartment that houses everything you could ever want or need. In addition to that, they are usually large and spacious.
But one factor that separates them from other types of apartments, is that they are usually situated in highbrow areas of the city.
Why Choose a Luxury Apartment?
Nothing speaks class, and sophistication like a well-furnished luxury apartment in a highbrow area of Lagos.
Although luxury apartments in Lagos are somewhat cost inhibitive, but that’s because they offer a level of exclusivity and are a great investment option if you are in search of a diversified real estate portfolio. Or if you are in search of a hidden getaway pad.
Even better, they include many amenities like lounging pools, smart home features, a fitness center, and exceptional co-working spaces. And the best part is… They are well taken care of.
As you know, most luxury apartments in Lagos are larger than normal, and they are private and secure. And of course, they include some furniture and decor.
But that’s not where the perks of luxury flats end. It all boils down to this: decadent opulence.
Types of Luxury Apartments
There are different types of luxury apartments, so, let’s take a quick look at the four most popular types.
These are typically apartments housed on the highest floor of an apartment complex. Most penthouses have luxuries that cannot be found in the rest of the apartment complex.
Some of the distinguishing features of a penthouse includes:
- Panoramic views
- Extended balconies
- Specialized lighting
- Larger floor plan
- Upgraded appliances
- Increased security
- Private entrance
Often shortened condo. Condos are privately owned apartment units, nestled within a building of other units.
What’s more, condos are typically found in high-rise buildings, you can also find detached condos in some Nigerian housing markets.
The darling of artists, bachelors, and upwardly mobile women. Studio apartments basically feature one large room. What this means is that the kitchen, living area, and sleeping space are part of the larger room.
Some of the benefits of a studio apartment include a lower utility bill and budget-friendly rent. Be that as it may, the number one drawback of studio apartments is storage space.
And that brings us to the final luxury apartment we’d be considering in this post.
If you think of a service apartment as a fully furnished apartment available for short-term or long-term stay, then you’d be very correct.
Serviced apartments are known for providing hotel-like amenities and professional house-keeping services to their occupants.
5 Top Locations to Buy Luxury Apartments in Lagos
#1 Banana Island Lagos
One of the best areas to live in Lagos is undeniably Banana Island. It sits at the top of the list of the most exclusive and opulent estates to own a luxury apartment in Lagos.
Even though it’s a part of Ikoyi, Banana Island is in a world of its own when it comes to class and grandeur.
It’s the playing field of Nigerian moneybags and the political elite.
As a matter of fact, in the Nigerian luxury real estate sector, Banana Island is the cream of the crop.
With exclusive neighborhoods, and jaw-dropping architecture and designs. So if you are looking for an opulent location for a luxury real estate apartment with impressive world-class standards, look no further than Banana Island.
Living and owning a luxury property in Ikoyi is the dream of many Nigerian elites. But this comes at a mind-bending cost. That’s right. Luxury apartments in Ikoyi cost a fortune.
Believe it or not, the fact that you are obscenely wealthy is no guarantee that you will own an apartment or house in Ikoyi.
Ikoyi is home to the amazing Banana Island at the top of this list, it also houses spectacular suburbs like Dolphin Estate, Parkview Estate, and a myriad of luxury flats springing up monthly.
#3 Victoria Island
The go-to location where big corporations site their corporate headquarters. Personally, living in V.I is electrifying.
Although most of Victoria Island is slowly morphing into a commercial hub, than residential. And this has got many residents worried.
Nevertheless, owning a luxury apartment in Victoria Island, is still a pretty big deal.
#4 Lekki Phase 1
Real estate developers describe Lekki as an enclave of opulence, nestled next to the Atlantic. What’s more, it’s a touching distance to some of the most beautiful beaches in Lagos.
The Lekki area has attracted a lot of real estate development, and it is an assemblage of celebrities and A-list Nollywood actors.
#5 Ikeja G.R.A
The seat of power, and possibly the most popular G.R.A in Nigeria.
Ikeja is made up of many exciting locations like the popular Allen Avenue, Maryland and it’s a touching distance to the busiest Airport in Nigeria, Murtala Muhammed International Airport.
Verdict: Ikeja is a great place to own a luxury apartment.
There you have it. In our next post, we’d take a look at 10 types of luxury buildings in Lagos.
Do you have a question about luxury real estate investments?
Talk to us and we’d help you make a decision.