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LAGOS – Eko Atlantic led Lagos’ luxury residential market has recorded a 59.5% sales growth rate over the last five years, according to data compiled by Estate Intel.

The report highlighted that prime Lagos luxury residential assets delivered strong sales price growth in naira by an average of 38%–60% annually over the past five-year period.

While Eko Atlantic topped the list, other prime areas also posted impressive gains.

Ikoyi followed closely at 58.14%, reflecting its enduring appeal among affluent buyers, while Banana Island recorded 55.30% growth, driven by its scarce waterfront properties and high-end residences.

Victoria Island grew 45.04%, demonstrating strong demand in a mixed-use commercial and residential hub, whereas Oniru rose 38.32%, showing steady but comparatively moderate appreciation in a district with a broader mix of housing options.

The data illustrate a widening gap between ultra-prime, master-planned districts and more mixed neighbourhoods, as investors continue to pay premiums for scarcity, security, and lifestyle amenities. Estate Intel emphasized that sustained demand, scarcity premiums, and superior urban planning remain the key drivers of ultra-prime areas’ strong performance.