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      Banana Island is an artificial island in Lagos State, Nigeria. It
      is located in the Lagos Lagoon and attached to the North-Eastern Ikoyi
      Island by a dedicated road strip which is linked to the existing road

      Exclusive Villas in Banana Island

      If you never heard about the Island, now you know. Banana Island is
      Nigeria’s most extravagant and expensive neighborhood – on par with the
      Seventh Arrondissement in Paris,  La Jolla in San Diego, California and
      Tokyo’s Shibuya or Roppongi neighborhoods.

      Ocean Parade Tower. Banana Island

       The exclusive playground of Nigeria’s obscenely wealthy, Banana
      Island is an artificial island built on reclaimed land in Ikoyi-Lagos.
      From an aerial view, the island is actually shaped like a banana, hence
      its name. Sitting on 1.6 million square meters, the sumptuous island is
      divided into about 535 plots ranging in size from 1,000 square meters
      and 3,000 square meters.

      The Neighborhood

       Banana Island is a place of unrivalled opulence and grandeur. It’s an
      entirely different world from other parts of the country. It’s a gated
      community, and its inhabitants enjoy such luxuries as underground
      electrical systems and water supply networks, 24 hour-electricity supply
      (the only other place such privileged is the Nigerian President’s
      residence), extremely tight security, good road layout, a central sewage
      system and treatment plant and the well-cherished company of fellow
      wealthy folks.

      The Nearby Eko Atlantic

       The island is the most expensive place in Nigeria and one of the most
      expensive in Africa to own a house. Property on Banana Island is
      dollar-denominated. The average cost of buying a three bedroom apartment
      is $2 million. However, if you’re just looking to hang around the
      island for some time, and not to buy property, you can rent the same
      apartment for about $150,000 per annum. But there’s a clause: you must
      pay for an initial minimum term of 2 years – in advance. And there are
      no refunds. Ever! Also, the tenant is also mandated to pay a ‘service
      charge’ of $17,000 per annum.

      One of the Playgrounds

       A typical plot of land on the island usually goes for between $4
      million and $6 million, and the cheapest building on the island costs
      upward of $8 million. But because of the ridiculous prices of property
      on the island, about 60% of the completed buildings are currently

      Banana Island Luxury Apartments

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      • simon April 12, 2018

        i love to live in banana island

      • alabi June 9, 2018

        It is a pity we are building banana island with out building d future of the children whom this island will later fall in to their hands. The child that is not well trained will later sell or destroy d house as it is happening in north east of Nigeria. Let provide functional free education to our children if only for primary to secondary only to save these island from future destruction.

      • alabi June 9, 2018

        It is a pity we are building a banana island with out building d future of our children. The child that is not well trained will later sell or destroy d that island. Let give our children functional and free education from primary to secondry level.

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