Banana Island · Lagos Island · EJO Area GuideBanana Island
Lagos’ most exclusive waterfront address — a private island enclave of ultra-luxury estates, foreign embassies, and landmark residences. The undisputed pinnacle of Nigerian luxury real estate.
Where Lagos’
Elite Reside
Banana Island is a purpose-built residential island situated in Ikoyi, Lagos State — the singular address in Nigeria where privacy, prestige, and waterfront living converge without compromise. Developed by the Chagoury Group, the island spans approximately 1.6 million square metres and is home to an exclusive community of senior government officials, top corporate executives, diplomats, and high-net-worth families from across Nigeria and the diaspora.
Properties on Banana Island are rarely publicly listed — most transactions occur through private networks and discreet brokerage relationships. EJO Properties maintains active connections within this community, providing clients with access to Banana Island real estate that is not available through conventional channels.
Whether you are seeking a primary waterfront residence, a secure investment property in Lagos’ most liquid ultra-prime market, or a generational asset for diaspora clients investing in Nigerian real estate, Banana Island represents the most resilient and prestigious address available in West Africa today.
“Banana Island is not merely a location — it is a declaration. There is no equivalent address in Nigerian real estate, and no comparable level of privacy, security, and waterfront prestige anywhere on the Lagos coastline.”
— EJO Properties, Lagos Luxury InsightsProperty Types
Waterfront villas, detached mansions, luxury townhouses, off-plan developments
Ideal For
Ultra-HNW buyers, diaspora investors, diplomatic families, long-term capital preservation
Nearby
Old Ikoyi, Parkview Estate, Lagos Yacht Club, Eko Atlantic, Lekki–Ikoyi Bridge
Currency
Properties priced in USD · NGN · GBP available on request
What Defines Banana Island Living
Absolute Privacy
A single access bridge with 24-hour security creates a natural security perimeter unique in Lagos. Residents enjoy an enclave free from the traffic, noise, and density that defines the wider city — an extraordinary level of privacy in one of Africa’s most populous metropolises.
Waterfront Living
Bordered by the Lagos Lagoon, Banana Island offers some of West Africa’s only true waterfront residential addresses. Properties with direct lagoon frontage command a significant premium and are among the most sought-after assets in the entire Nigerian real estate market.
Investment Resilience
Banana Island real estate has consistently outperformed the wider Lagos market in terms of capital preservation and USD-denominated value. Limited supply, controlled development, and enduring demand from Nigeria’s elite and diaspora community ensure long-term asset stability.
A Market That
Only Moves Upward
Banana Island’s property values are denominated primarily in US Dollars, providing diaspora investors and dollar-income buyers with a natural hedge against Naira volatility. The island’s controlled land supply — development is effectively complete — means that demand continually exceeds available stock, creating a persistently seller-favourable market. Entry prices have more than doubled in USD terms over the past decade, with no structural reason to anticipate reversal.
Banana Island Properties
Waterfront Villas
Private Mansion
Lagoon Front Residence
Interested in
Banana Island?
Our team handles Banana Island acquisitions with complete discretion. Whether you are buying for personal use, investment, or on behalf of a family office — we open doors that are not publicly listed.