Nigeria Property Centre
Ikoyi, Lagos

Area Guide

Ikoyi

Ikoyi, Lagos area guide: key facts, lifestyle, shopping, schools and average real estate prices in Ikoyi.

Browse 14,021 listings in Ikoyi
Active listings 14,021 Available in Ikoyi
Median rent (flats) / yr ₦38M Median flat rent / yr
Median sale (flats) ₦850M Median flat for sale
Estate agents 1,085 Listing in Ikoyi

Ikoyi, which is part of the Eti-Osa Local Government Area, is one of Lagos' most expensive neighbourhoods. Ikoyi was separated from the surrounding areas during the colonial period and designated as the Government Reservation Area (GRA). 

The decision to separate Ikoyi was made in response to a rule enacted to ensure that Europeans' residential areas were separated from the natives who lived there. Until the early years of Nigeria's independence, this rule was in place. 

Following that, Ikoyi was developed as a residential cantonment for the British expatriate community. Ikoyi still has some of these massive colonial mansions built between 1900 and 1950. 

Ikoyi lies to the east of Lagos Island and to the north of Victoria Island.

Ikoyi, Lagos Area Guide
Ikoyi Credit: wiki

Table of contents

7 chapters

What's inside this guide

01 Interesting Facts You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria? 02 Leisure and Shopping Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here. 03 Popular Estates If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure. 04 Day Life You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi. 05 Night Life Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs. 06 Schools Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success. 07 Real Estate What it costs to live in Ikoyi today

INTERESTING FACTS

Interesting Facts

Interesting Facts
Ikoyi Federal Secretariat. Credit: The Guardian

You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria? 

The Federal Secretariat was a massive 15-story building in Ikoyi before the country's federal capital was relocated to Abuja. The structure is currently abandoned and only a shadow of its former self. 

On the brighter side, the former governor of Lagos State, Senator Bola Tinubu and the richest woman in Nigeria, Folorunsho Alakija, to mention a few, have houses in Ikoyi. Folorunsho Alakija’s mansion in Ikoyi is reported to be Nigeria's most expensive home. Ikoyi is also one of the areas in Lagos with the most rainfall, with annual rainfall often exceeding 300 ccm. 

Furthermore, the Ikoyi Bridge, which connects Lekki Phase 1 and the Ikoyi district of Lagos, is a popular bridge that is frequently featured in Nollywood films when the most serene part of Lagos is desired. It's also one of the most popular places for people to go for a morning run. It is a cable-stayed bridge with a length of 1.36 kilometres.

LEISURE AND SHOPPING

Leisure and Shopping

Leisure and Shopping
Ikoyi Falomo Shopping Centre. Credit: dailypost.ng

Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.

After a week of hustling and bustling, it is imperative to take time for leisure and, on occasion, shopping. Ikoyi Shopping Mall, Falomo Shopping Centre, Pees Gallerian Shopping Mall, SPAR, and Glover Lifestyle Mall are some of the places to visit in Ikoyi.

A cafe, flower shop, beauty studio, and other shops can be found in the Ikoyi shopping mall. The Falomo Shopping Centre has local fashion, arts and crafts, restaurants, and other businesses.

POPULAR ESTATES

Popular Estates

Popular Estates
Ikoyi Parkview Estate. Credit: Parkview Residents Association

If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.

Parkview Estate is a posh Ikoyi neighbourhood. It is mostly residential and is bordered by Gerrard Road and Banana Island. Some private companies, however, have offices and guest houses on the estate. Parkview is a mixed-income community comprised of well-respected and upper-class residents. In Parkview, there are approximately 400 structures, with more under construction.

Osborne Foreshore Estate (phase 1) is a highbrow gated community located on Osborne Road in Ikoyi. It is one of Nigeria's most expensive places to live. The estate includes amenities such as paved roads, street lights, adequate drainage, and a public park. Non-residents are not allowed into the estate until they have been cleared at the gate by their host. The estate's houses are mostly duplexes, but there are also serviced apartment blocks on the grounds.

Abacha Estate and Dolphin Estate are two other estates in Ikoyi.

DAY LIFE

Day Life

Day Life
Nigerian National Museum. Credit: Dream Africa

Ikoyi is home to a slew of national and international corporations. Ikoyi marriage registry, NDLEA office, EFCC office, British American Tobacco, Google Nigeria, UN subsidiary offices, and others are among them.

The National Museum, which is located on Onikan Road in Ikoyi, is one of the country's most popular museums. Kenneth Murray, an English archaeologist, founded it.

You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display.

Art lovers can also visit galleries such as Omenka Gallery, Ogirikan Art Gallery, Thought Pyramid Art Centre, and The Studio.

Anyone interested in seeing a movie, passing the time, or simply having a good time can go to the Filmhouse Cinema in Ikoyi Osborne. And for those who enjoy going to outdoor movie theatres, De Picnic Master is the best option.

Chicken Republic, Ikoyi is the place to go if you're looking for a restaurant that serves delicious meals and snacks at a reasonable price. Their menu includes jollof rice, fried rice, chicken and chips, and more.

Another restaurant where you can eat healthy without breaking the bank is 'The Place'. They serve a wider variety of foods, including native cuisine. Da Vinci Restaurant serves excellent Italian cuisine on its own.

The Roots restaurant and bar, Zolene restaurant, Samantha bistro and grill, Glover's court suya spot, The Village Grille, The Yellow Gate, China Wok, Bukka Hut, and others are among the other restaurants.

Ikoyi is home to some of the most popular social and golf clubs in the city. Swimming, lawn tennis, table tennis, snooker, and a pool are just a few of the sports and relaxation options available at the Ikoyi Golf Club. The club's main amenities include bars and kitchens, a library, a gym, and a massage parlour.

Osborne Recreational Park, The Garden Ikoyi, Falomo Garden, and Dolphin Park are just a few of the parks in Ikoyi where you can get a taste of nature, go for a walk, meet new people, or even have a picnic.

For facials, scrubs, body treatments, and a nice massage in a calm environment, then you can choose to visit BMS Spa, Oasis Medspa, Kellystouch Spa, Priscillas's Pride Day Spa.

NIGHT LIFE

Night Life

Night Life
Lagos Jet Ski Riders. Credit: Tripadvisor

At night, Awolowo Road in Ikoyi is one of the busiest roads on the island. 

Even during the week, people can be found unwinding in Ikoyi's various clubs and bars. Lagos Jet Ski Riders, Cocoon, Club 57, The Creekside Lounge and Bar, and others are among these clubs and bars.

SCHOOLS

Schools

Schools
Lagos Preparatory School, Ikoyi. Credit: World orgs

Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. 

The Foreshore School, Meadow Hall School, Le Posh School, and Heritage House School are just a few of them. These schools have excellent infrastructure and ambiance, as well as a track record of academic success. 

If you are looking for Africa’s most highly accredited British school, it is the Lagos Preparatory School (LPS) in Ikoyi, which also has a secondary school. Bridge House College, Holy Child College, Lagos Brownsville College, Lagos Greenwood High School, St Gregory's School, Corona School, and other schools are among the others.

Real Estate

Real estate

Do you want to know how much it would cost to live in Ikoyi? Here are the average property prices in Ikoyi, Lagos.

Some available property in Ikoyi

Unfurnished 2 Bed Serviced Apt +a Pool, Cityview, Elevator, 9th Floor
Premium
14
₦20,000,000

Flat / apartment for rent

Unfurnished 2 Bed Serviced Apt +a Pool, Cityview, Elevator, 9th Floor

To LetBrand New waterfront 2bed serviced apartment at Osborne phase 2 ikoyi on the 9th floor Coming Unfurnished Features: - Brand New - Fully Serviced - Functional Elevator - Balcony - Communal pool - Fitted kitchen - Shower cubicle - Code to access estate - TV console optional - Close proximity to city central - Close proximity to the road Rent: 20million Agency: 10% Legal: 10% Caution: 10% Service Charge: 1.5 million Also available for sale-400million asking

Phase 2, Video Available, Osborne, Ikoyi, Lagos Added today
2 2 3
Ama of Lagos Realty LTD
Spacious 3 Bedroom Apartment
Premium
22
₦750,000,000

Flat / apartment for sale

Spacious 3 Bedroom Apartment

Multiple pool and city view spacious apartments for sale on multiple floors, available for outright sale at Admiralty Towers on Gerrard Road, Ikoyi. Features - Spacious living and dining area - Pool and city view balcony - Fully fitted kitchen with pantry - Spacious En-suite rooms with wardrobes - Dedicated BQ - Fully installed split air conditioning - Guest restroom - Walk-in shower and bathtub and many more... Facilities - Adult and children swimming pool - Fitted gym - Long tennis court - Greenery and trees - Passenger and service elevators - Basement parking - Basketball court - 24/7 security - 24/7 Power - Clean and well treated water etc... Title: Certificate of occupancy Benefits of Property - Location: The property situated strategically on Gerrard Road, makes movement easy due to proximity - Investment: The property due to location, is highly desirable for rental and short-let seekers - Pricing: The competitive pricing advantage allows buyers to own a standard 3 bedroom apartment in one of the most exclusive neighborhoods in Ikoyi Old Ikoyi, for a fraction of what is obtainable currently. - Size and Build: This property offers a massive 258sqm living space. - The annual rental jumped from N25,000,000 to N45,000,000 (For unfurnished units) in Just two years. This means a compound annual growth rate cagr 34.17% and an annual roi of 6% - Due to the upward trend of especially Old Ikoyi properties, we are expecting a significant increase in the property value by another 34% to 50% in the next 2 years.

Gerrard Road, Ikoyi, Lagos
3 3 4 2
Metrocity Properties LTD
Luxury Waterfront 4 Bedroom Maisonette + 2 BQS
Premium
19
₦75,000,000

Flat / apartment for rent

Luxury Waterfront 4 Bedroom Maisonette + 2 BQS

Luxury waterfront 4 bedroom maisonette + 2 BQs : Off Bourdillon Exquisitely finished 4 bedroom waterfront maisonette with 2 BQs (2nd Floor) Rent: ₦75,000,000 per annum Service Charge: To Be Determined (TBD) Power Deposit: To Be Determined (TBD) Caution Deposit: 10% Agency: 10% Legal: 10% Features: - Breathtaking waterfront views - 2-room boys' quarters (BQ) - Private cinema/media room - Rooftop terrace (Pent Floor) - Fully equipped gymnasium - Swimming pool - Two serviced elevators - Contemporary luxury finishes - Prime and prestigious

Off Bourdillon Road, Ikoyi, Lagos
4 4 5
Awodd Properties LTD
4 Bedroom Maisonette with BQ
Premium Verified Photos
23
$1,600,000

Terraced duplex for sale

4 Bedroom Maisonette with BQ

For sale (Currently Under Construction) 4 Bedroom Maisonnettes with BQs with world class amenities and unmatched elegance. Location: Banana Island, Ikoyi. Price: $1.6m(USD) or the equivalent sum in Naira at the prevailing exchange rate. ~ Secure a unit with installment payments upon completion. Indulge in : - Gym & Spa - Sauna - Coffee Shop & Salon - Multi-level Car Park/Parking lot - Suspended Swimming Pool - State-of-the-Art Finishing - Fully Fitted Kitchen - Breathtaking Ocean & City Views - Modern Elevator - 24-Hour Concierge - Round-the-Clock Security ...and so much more. Nestled in the prestigious Banana Island, Ikoyi --- offering serenity, prestige, and exceptional investment value. Experience the lifestyle you deserve, in the address everyone desires. ~ Limited units are available! For further enquiries and guided viewings, kindly contact us on 07065266133, 07010281009 Email:[email protected]

Banana Island, Ikoyi, Lagos
4 4 5 4
Bera Deals
Luxury 5 Bedroom Mansion with 2 BQS
Premium Verified Photos
25
₦3,400,000,000

Detached duplex for sale

Luxury 5 Bedroom Mansion with 2 BQS

Direct brief/ WE have direct instructions from the owner to sell. For sale Contemporary fully detached five (5) bedroom smart house with 2-Room BQs. This mansion is located in a beautiful, serene, highly secured estate in Ikoyi, Lagos. Asking Price: ₦3,400,000,000 (Three Billion, Four Hundred Million Naira). Title : Governor's Consent & Approved Building Plan. Features include : - Smart house automation. - 5 bedrooms (all en-suite). - 2-Maid rooms/boy's quarters (2 BQs ) - Rooftop terrace. - Elevator/Lift. - Gate house. - Backup generator space. - Laundry room. - 2 Kitchens (wet and dry kitchens). - Main (wet kitchen) equipped with high quality double door refrigerator, microwave, oven, dishwasher, heat extractor etc. - Kitchen pantry. - Swimming pool. - Cinema/Home theater. - Box room. - Study/home office. - Space for a gazebo/cabana. - Double volume high living room ceiling. - Family lounges/living rooms (2 nos.) - Spacious rooms. - Dining area. - Staircases with motion sensor lights - Bathrooms with motion sensor lights - Bluetooth ceiling speakers. - spacious compound - Water heaters in the kitchen and all the bathrooms. - Walk -in closets - Walk -in showers - Interior and exterior Cctv surveillance cameras 360°. - Amazing exterior and interior finishes. - Ample car parking space for up to 6 cars. - Automated gate. - etc. For further enquiries and viewings kindly contact us on 07065266133, 07010281009 Email :[email protected] We have other Listings in Banana Island Estate, Falomo Osborne, Parkview Estate, Old Ikoyi, 2nd Avenue Estate, 3rd Avenue, Abacha Estate, Abdullahi Adamu Estate, Awolowo Road Ikoyi, Banana Island, Glover Road, Bourdillon Road, Cooper Road, Dolphin Estate Estates, Gerrard Road, Grenadines Skyvilla, Glover Road, Mojisola Onikoyi Estate, Osborne Foreshore Estate, Osborne Phase 1, Osborne Phase 2, Queen's Drive, Shoreline Estate

Ikoyi, Lagos
5 5 6 6
Bera Deals