Nigeria Property Centre
Ikoyi, Lagos

Area Guide

Ikoyi

Flats in Ikoyi rent for about ₦40 million a year and sell for about ₦850 million. 15,066 properties are listed now.

Prices updated 2 Nov 2026
Browse 15,066 listings in Ikoyi
Active listings 15,066 Available in Ikoyi
Median rent (flats) /yr ₦40M Q4 2026 figures
Median sale (flats) ₦850M Q4 2026 figures
Estate agents 1,094 Listing in Ikoyi

Ikoyi at a glance

Prices updated
2 Nov 2026

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
Ikoyi Credit: wiki

Table of contents

8 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 08 Questions Questions about Ikoyi, answered

INTERESTING FACTS

Interesting Facts

Interesting Facts in Ikoyi
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 in Ikoyi
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 in Ikoyi
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 in Ikoyi
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 in Ikoyi
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 in Ikoyi
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 median asking prices from our quarterly market report.

Short lets ₦260K per night Q4 2026 figures Up 4% since Q3 2026 See 1,190 short lets
Flats for rent ₦40M /yr Q4 2026 figures No change since Q3 2026 See 2,945 flats for rent
Houses for rent ₦60M /yr Q4 2026 figures No change since Q3 2026 See 2,274 houses for rent
Flats for sale ₦850M Q4 2026 figures Up 6% since Q3 2026 See 2,147 flats for sale
Houses for sale ₦2.4B Q4 2026 figures Up 2% since Q3 2026 See 4,112 houses for sale

How busy is the Ikoyi market?

Renting

  • 3 searches for every home to rent
  • Most renters search up to ₦29.8 million a year
  • Hardest to find: 2-bedroom homes

Buying

  • 3 searches for every home for sale
  • Most buyers search up to ₦1.1 billion
  • Hardest to find: 3-bedroom homes

Based on searches from 4 Oct to 2 Nov 2026.

Some available property in Ikoyi

Well Finished Serviced 4 Bedroom Penthouse with a Room BQ on 475 SQMS
Premium
24
₦850,000,000

Flat / apartment for sale

Well Finished Serviced 4 Bedroom Penthouse with a Room BQ on 475 SQMS

Well Finished Serviced 4 Bedroom Penthouse with a Room Bq on 475 Sqms For Sale. Features: - 24hours power supply - Swimming pool - Fully equipped gym - Basketball court - Squash Court - Lawn tennis court - Elevator - Fitted kitchen with pantry - Fitted with Air Conditioning Units - Dinning area - Spacious livingroom and bedrooms - Large outdoor terrace - All rooms en-suite - A room Bq - Dedicated Parking space - State of the Art security - Prime location, proximity to major places, e.t.c. Sale Price: 850 million naira Apartment Size: 475 Sqms Location: Ikoyi, Lagos For Further Enquiries and Inspection Bookings, Kindly Contact Aruofeg Enterprise: 08074577210 or 08057989376

Old Ikoyi, Ikoyi, Lagos
4 4 5
Aruofeg Enterprise
Exquisite Luxury Serviced 4 Bedroom Townhouse with a Room BQ
Premium
19
₦950,000,000

Terraced duplex for sale

Exquisite Luxury Serviced 4 Bedroom Townhouse with a Room BQ

Exquisite Luxury Serviced 4 Bedroom Townhouse with a Room Bq For Sale. Features: - Brand New - 24hours power supply - Swimming pool - Equipped gym - An anteroom on the ground floor - Fitted kitchen - Dinning area - Spacious livingroom and bedrooms - Family lounge - Balcony - Double volume Master's bedroom - Walk-in Closet - All rooms en-suite - A room Bq - Private car park space - State of the Art security - Great investment returns,e.t.c. Price Listing: 950 million naira Location: Ikoyi, Lagos For Further Enquiries and Inspection Bookings, kindly Contact Aruofeg Enterprise: 08074577210 or 08057989376

Ikoyi, Lagos
4 4 5
Aruofeg Enterprise
Fully Serviced 4 Bedroom Terraced Duplex with a Room BQ
Premium Verified Photos
2
₦70,000,000

Terraced duplex for rent

Fully Serviced 4 Bedroom Terraced Duplex with a Room BQ

Banana Island Estate Ikoyi Lagos, Banana Island, Ikoyi, Lagos Added yesterday
4 4 5 3
Skyrock Home Global Limited
5-Bedroom Semi-Detached with BQ
Premium Verified Photos
10
₦2,300,000,000

Semi-detached duplex for sale

5-Bedroom Semi-Detached with BQ

There are homes that offer comfort, and there are homes that offer an entirely different standard of living. This 5-bedroom semi-detached residence with a Boys' Quarters (BQ), located in the prestigious Banana Island, belongs in the latter category. Set within one of Lagos' most exclusive residential communities, this property presents an opportunity to enjoy refined living in an environment synonymous with privacy, prestige and exclusivity. Beyond the appeal of its location, the home offers the space and flexibility to accommodate modern family living, while also presenting an attractive proposition for investors looking to own property in a highly sought-after address. For those who appreciate quality, location and the value of owning in the right neighbourhood, this is certainly worth exploring. Own a home in one of Lagos' most prestigious neighbourhoods. Contact us today to schedule a private inspection.

Banana Island, Ikoyi, Lagos Added yesterday
5 5 6
Juniville Realty LTD
Six Bedroom Penthouse with 2-BQS
Premium Verified Photos
25
₦3,000,000,000

Detached duplex for sale

Six Bedroom Penthouse with 2-BQS

For sale Six(6) Bedroom Penthouse With 2-BQs. Condominium Maisonnette For Sale. Location : Ikoyi, Lagos. Features include : - 6 En-suite bedrooms. - 2 Bedroom maid rooms/boys' quarters (bqs). - Maid section with its own living room. - Fully equipped gymnasium. - Massive rooftop terraces. - Study/home office. - Spacious dining area. - Spacious family lounges. - Cinema. - Storage room. - Control room. - Ante room /foyer. - Guest toilet. - Elevator / lift. - Fully equipped kitchen with a pantry. - Emergency exit. - Parking space for 4 cars. - Fire alarm and smoke detectors. - Central water heater. - Cctv surveillance cameras. - 24hrs security. - 24 hours power supply. - Excellent access roads. - Well maintained and professionally serviced. - High quality modern fixtures and fittings. Price: ₦3,000,000,000 (Three Billion Naira). 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
6 6 7
Bera Deals

Questions about Ikoyi

How much is rent in Ikoyi?

Flats rent for about ₦40 million a year and houses for about ₦60 million a year, based on Q4 2026 figures.

How much does a house cost in Ikoyi?

Houses for sale ask about ₦2.4 billion and flats about ₦850 million, based on Q4 2026 figures.