Banana Island, Ikoyi, Lagos Banana Island, Ikoyi, Lagos

Area Guide

Banana Island

Flats in Banana Island rent for about ₦40 million a year and sell for about ₦850 million. 3,999 properties are listed now.

Part of the Ikoyi area guide Prices updated 9 Nov 2026

Browse 3,999 listings in Banana Island

Active listings 3,999 Available in Banana Island

Median rent (flats) /yr ₦40M Q4 2026 figures for Ikoyi

Median sale (flats) ₦850M Q4 2026 figures for Ikoyi

Estate agents 591 Listing in Banana Island

Banana Island at a glance

Prices updated: 9 Nov 2026

Welcome to Banana Island, a stunning paradise tucked away amid the vibrant cityscape of Lagos, Nigeria. This prestigious neighborhood, which is located on a man-made island in the Lagos Lagoon, is well-known for its wealth and exclusivity.

Banana Island is the pinnacle of upscale living in Nigeria, with its breath-taking views, opulent estates, and top-notch amenities. This enchanting enclave is surrounded by stunning natural scenery, exudes a sense of tranquility, and provides residents with an unrivaled lifestyle of sophistication and refined elegance. Discover the extraordinary offerings that make Banana Island a truly extraordinary place to call home as you set out on a journey to experience the ideal fusion of urban vibrancy and peaceful seclusion.

Banana Island, Lagos — Banana Island. Photo Credit: Business NG, Website.

Table of contents

8 chapters

What's inside this guide

01 Interesting Facts Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reputation as a luxurious and refined haven. It is renowned as one of the most expensive neighborhoods in Africa, attracting affluent individuals from diverse backgrounds. 02 Leisure and Shopping Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lush green spaces, and enjoy the luxurious amenities provided by the exclusive relaxation centers. Oladimeji Shonubi Supermarket, Mr. Femi Superstores, Hartleys Supermarket, Kola Superstores, Banana Island Sports Field, Banana Island Park, and the Banana Island Club are prime examples of the leisure and shopping options available in Banana Island. 03 Popular Estates Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vistas. Boasting top-notch facilities and unmatched seclusion, these estates are a testament to elegance, ensuring each resident experiences an unparalleled lifestyle. Among the distinguished estates on Banana Island are Happy Haven Estate, The Address Homes, Bella Vista Apartments, Grace Court, and Morgan Apartments. 04 Day Life Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like the Hanging Basket Restaurant and the esteemed Chicken Republic. If you're in search of a destination suitable for the whole family, the nearby Youfine Art Gallery presents nature trails of art work, providing a delightful experience. 05 Night Life Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rather than its nightlife scene. The island is a serene and exclusive area with a focus on privacy and security. However, for a livelier nightlife scene, residents can venture to nearby areas such as Victoria Island and Ikoyi, where one can find several upscale lounges, bars, and clubs that offer an unforgettable evening of entertainment. We have places like Escape Nightclub, Quilox, Sky Restaurant and Lounge, The Blowfish Hotel and Club, Caliente Club, and Escape Nightclub. 06 Schools Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their children need look no further, as Banana Island International School stands as a beacon of prestige within this coveted community. Additionally, residents have the privilege of choosing from a range of esteemed schools in close proximity, including Greenwood House School, Meadow Hall School, and Lagoon School, all of which provide excellent educational options to meet the discerning standards of Banana Island's residents. 07 Real Estate What it costs to live in Banana Island today 08 Questions Questions about Banana Island, answered

INTERESTING FACTS

Interesting Facts

Established in 1978, this man-made paradise was developed by the Banana Island Development Company. It spans approximately 1.6 million square meters and is home to magnificent residential properties, upscale facilities, and lush green spaces. The area was meticulously designed to provide an exclusive and luxurious residential experience for its discerning residents.

Furthermore, Banana Island stands as an iconic location renowned for its unparalleled status in Lagos, representing a symbol of opulence and accomplishment. It epitomizes exclusivity and captivates the attention of prominent individuals, celebrities, and influential entrepreneurs who aspire to embrace an extraordinary way of life. Noteworthy Nigerian personalities such as Davido, Psquare, and Linda Ikeja have chosen to reside within this exceptional community, further adding to its prestige.

The unique characteristic of the neighborhood, Banana Island, lies in its distinctive layout, inspired by the graceful curves of a banana. This elongated and slender island resembles the elegant shape of a banana fruit, hence its fitting name.

LEISURE AND SHOPPING

Leisure and Shopping

Oladimeji Shonubi Supermarket is located in the heart of Banana Island. The supermarket is a premier retail destination that provides residents with a world-class shopping experience. It serves the neighborhood's shopping needs and offers a range of products, including groceries, household items, fresh produce, and specialty or imported goods.

The children's play area on Banana Island emanates a serene ambiance, allowing visitors to fully immerse themselves in the refreshing island air. It is a tranquil and intimate spot exclusively reserved for residents and esteemed individuals. The playground offers a delightful haven where youngsters can engage in play, surrounded by a serene atmosphere. It features a modest yet well-maintained green space, complete with lush grass and a basketball half court, fostering an environment that promotes peace and enjoyment.

The Banana Island Club is an exclusive members-only club that offers a range of recreational and social amenities. With facilities such as swimming pools, tennis courts, restaurants, and lounges, it provides residents with a luxurious retreat on the island.

POPULAR ESTATES

Popular Estates

Boasting stunning contemporary design and impeccable craftsmanship, Bella Vista Apartments stands as a testament to architectural excellence. The estate features spacious apartments with expansive balconies, state-of-the-art facilities, and a tranquil ambiance, ensuring residents enjoy the epitome of luxury living.

Happy Haven Estate is a luxurious residential estate known for its upscale and serene environment. The estate offers a range of well-designed and spacious homes, including villas, townhouses, and apartments. The properties at Happy Haven Estate often feature modern amenities and high-quality finishes. Residents of the estate enjoy access to various facilities such as swimming pools, fitness centers, landscaped gardens, and 24/7 security.

The Address Homes is a prestigious residential estate renowned for its exclusive and lavish properties. The estate features luxurious mansions and high-end apartments that are carefully designed to provide a comfortable and elegant living experience. The Address Homes offers top-notch amenities such as swimming pools, gyms, landscaped gardens, and concierge services. The estate also boasts excellent security measures to ensure the safety and privacy of its residents.

DAY LIFE

Day Life

YouFine Art Arena is a great space dedicated to showcasing artwork from various artists, both local and international. The Art gallery typically hosts exhibitions, art installations, and events to promote and appreciate different forms of art, such as paintings, sculptures, photography, and mixed media.

A walk into Chicken Republic can add glamour to your day. It is an establishment that promises a memorable dining experience where gastronomic delights merge seamlessly with a refined ambiance and impeccable service. Whether you're celebrating a special occasion, indulging in a luxurious meal, or simply seeking a culinary adventure, Chicken Republic is the ultimate destination for discerning food enthusiasts.

Banana Island Sports Field offers a spacious and versatile outdoor space that caters to the recreational needs of residents and visitors. Whether you are a football enthusiast looking for a place to play or someone planning to organize an event, the sports field provides an excellent setting for various activities in a picturesque environment.

NIGHT LIFE

Night Life

Escape Nightclub is situated in Victoria Island, just a short distance from Banana Island, Escape Nightclub is a premier destination for partygoers. With its state-of-the-art sound system, dynamic DJ performances, and upscale setting, it provides an unforgettable clubbing experience.

Quilox is a renowned nightlife hotspot in Lagos. This upscale club offers an electrifying ambiance, celebrity sightings, and a fusion of music genres, making it a go-to destination for those seeking an exhilarating night out.

In addition to Escape Nightclub, and Quilox nearby Victoria Island, residents of Banana Island have access to a variety of vibrant nightlife establishments. Whether seeking a trendy lounge, a high-energy nightclub, or a stylish hotel bar, there are plenty of options to indulge in the city's exciting nightlife scene.

SCHOOLS

Schools

Banana Island International School is an exceptional educational institution designed to meet the unique needs of students, providing a well-rounded, co-educational experience. With a focus on practicality and preparing students for a successful future, this purpose-built school follows an international curriculum and caters to children in the primary stages, including the foundation stage, key stage 1, and key stage 2. Nestled in a highly conducive learning environment, Banana Island School offers an enriching educational journey that fosters creativity and sets a strong foundation for lifelong learning.

At Greenwood House School, children are immersed in a world-class educational journey that spans from the early years to the primary level. The school places great emphasis on cultivating a nurturing and engaging environment where students thrive both academically and personally. With a steadfast commitment to excellence, Greenwood House School goes above and beyond to ensure that each child receives a comprehensive and extraordinary learning experience.

Nestled on Gerard Road, Meadow Hall School stands as a renowned and esteemed educational institution, offering exceptional quality education from the early years through the secondary level. With a firm belief in a holistic approach to learning, the school places equal importance on academic excellence, character development, and nurturing creativity. Meadow Hall School strives to provide a well-rounded educational experience that prepares students for success in all facets of life.

Lagoon School is located on Banana Island Road. It is a top-notch international school that offers a British curriculum. With a commitment to providing a stimulating and inclusive learning environment, the school nurtures students' intellectual, social, and emotional development.

Green Springs School, on Victoria Arobieke Street, is a reputable educational institution that follows the British and Nigerian curriculums. The school focuses on academic excellence, character development, and extracurricular activities to ensure a well-rounded education for its students.

Real Estate

Real estate

Do you want to know how much it would cost to live in Banana Island? Here are the median asking prices from our quarterly market report.

Short lets ₦265K per night Q4 2026 figures for Ikoyi See 276 short lets

Flats for rent ₦40M /yr Q4 2026 figures for Ikoyi See 683 flats for rent

Houses for rent ₦65M /yr Q4 2026 figures for Ikoyi See 743 houses for rent

Flats for sale ₦850M Q4 2026 figures for Ikoyi See 500 flats for sale

Houses for sale ₦2.5B Q4 2026 figures for Ikoyi See 1,359 houses for sale

All 3,999 listings Browse every type in Banana Island

How busy is the Ikoyi market?

Renting

3 searches for every home to rent
Most renters search up to ₦29.6 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 10 Oct to 8 Nov 2026.

Some available property in Banana Island

Furnished 3 Bedroom Apartment with Excellent Facilities

Premium

₦60,000,000

Flat / apartment for rent

Furnished 3 Bedroom Apartment with Excellent Facilities

Luxuriously Finished and Furnished 3 Bedroom Apartment in a Fully Serviced Residential Court located within Banana Island Estate, Ikoyi, Lagos. Features include: Spacious Living and Dining Area; Sit-Out Balcony; Good Natural Lighting; High Quality Finish, Fixtures, and Fittings; High Quality Sanitary Wares; Fully Fitted Kitchen; Laundry; Pantry; 24Hour Power Supply; 24-Hour Corporate Security Personnel; 2 Car-park per apartment; Lounge; Generous and Fully Paved Exterior premises; Elevator; Fully Equipped Gym; Swimming pool; Smoke Detection and Fire Prevention System; Water Treatment Plant; Sewage and Waste Disposal; Cleaning Services; etc. Rent is NGN60,000,000 (Sixty Million Naira) per annum. Service Charge is NGN6M per annum (exclusive cost of power/Diesel) Refundable Caution Deposit is NGN1M all pricing are as at july 1, 2025 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 2-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.

Banana Island, Ikoyi, Lagos

3 2 3 2

First Colony Real Estate Company LTD

Furnished 3 Bedroom Apartment with Excellent Facilities — Banana Island, Ikoyi, Lagos

Premium

₦60,000,000

Flat / apartment for rent

Furnished 3 Bedroom Apartment with Excellent Facilities

Banana Island, Ikoyi, Lagos

3 beds 2 baths 3 toilets 2 Parking

First Colony Real Estate Company LTD

Premium

₦60,000,000

Flat / apartment for rent

Furnished 3 Bedroom Apartment with Excellent Facilities

Luxuriously Finished and Furnished 3 Bedroom Apartment in a Fully Serviced Residential Court located within Banana Island Estate, Ikoyi, Lagos. Accommodation details: First Floor Apartment -- Massive Living Area (with generous sit-out balcony); Dining Area; Guest Toilet; Spacious Kitchen; Pantry; 1st Bedroom; 2nd Bedroom; Bathroom (shared); Master Bedroom (ensuite). Features include: Fully Furnished with High Quality furniture; High Quality fixtures, fittings, and finishing; ACs in all Rooms and Kitchen; Fully Fitted Kitchen; High quality wardrobes; High quality Sanitary Wares and Bathrooms; Laundry; 1-Room Boy's Quarters; etc. Facilities/amenities: Good Natural Lighting; 24-Hour Power Supply; 24-Hour Corporate Security Personnel; Efficient Access Control System; Elevator; Swimming Pool; Gym; Club house; Air Conditioners; CCTV Security Check System; Smoke Detection and Fire Prevention System; Central Water Treatment Plant; Electricity meter per apartment; 2-Car Parking Lot; Cleaning Services; Sewage and Waste Disposal; etc. Rent is NGN60,000,000 (Sixty Million Naira) per annum. Service Charge is NGN6M per annum (Inclusive of Diesel Cost) Refundable Caution Deposit is NGN1M Agency Fee and Legal Fee applies. All pricing are as at october 20, 2025 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 2-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.

Banana Island, Ikoyi, Lagos

3 2 3 2

First Colony Real Estate Company LTD

Premium

₦60,000,000

Flat / apartment for rent

Furnished 3 Bedroom Apartment with Excellent Facilities

Banana Island, Ikoyi, Lagos

3 beds 2 baths 3 toilets 2 Parking

First Colony Real Estate Company LTD

Well Maintained Luxury 3 Bedroom Semi-Detached House

Premium

₦50,000,000

Flat / apartment for rent

Well Maintained Luxury 3 Bedroom Semi-Detached House

Exclusive listing!!! Well-maintained Luxury 3 Bedroom Semi-Detached House within a serviced Residential Court of 2 (two) prototypes only, located within Banana Island Estate, Ikoyi, Lagos. Accommodation details: Ground floor -- Spacious Living Area; Designated Dining Area; Spacious Kitchen; Guest Toilet. First floor -- 1st Bedroom (ensuite); 2nd Bedroom (ensuite); Master Bedroom (ensuite). Extra accommodation: 1-Room Bq (ensuite). Other features: Partly fitted Kitchen; Good quality wardrobes; High quality Sanitary Wares and Bathrooms; High quality fixtures and fittings; etc. Facilities/amenities: A.Cs in all Rooms and Kitchen; Stand-by Power Plant; 24-Hour Security Personnel; Private Borehole and Central Water Treatment Plant; Adequate Water Supply; Waste and Sewage Disposal; Car-park for 2 cars; etc. Financials/terms: Rent is NGN50,000,000 (FIFTY million NAIRA) only, per annum. Term -- Please call. Service Charge is NGN3.5M per annum. Refundable Security Deposit is NGN2M. Agency Fee and Legal Fee applies. All pricing are as at september 30, 2026 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 2-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.

Banana Island, Ikoyi, Lagos

3 3 4 2

First Colony Real Estate Company LTD

Well Maintained Luxury 3 Bedroom Semi-Detached House — Banana Island, Ikoyi, Lagos

Premium

₦50,000,000

Flat / apartment for rent

Well Maintained Luxury 3 Bedroom Semi-Detached House

Banana Island, Ikoyi, Lagos

3 beds 3 baths 4 toilets 2 Parking

First Colony Real Estate Company LTD

Premium

₦170,000,000

Detached duplex for rent

A Fully Detached Luxury 5 Bedroom House

Description: A fully detached luxury 5 bedroom house plus 1 room service quarters. With security house and ample parking space and swimming pool Location: 5th Avenue, Banana Island, Ikoyi Rental price: 170 million per annum asking Note: To be renovated

Abia Street, Banana Island, Ikoyi, Lagos

Ubosi Eleh & Co

Premium

₦170,000,000

Detached duplex for rent

A Fully Detached Luxury 5 Bedroom House

Abia Street, Banana Island, Ikoyi, Lagos

5 beds

Ubosi Eleh & Co

Premium

₦1,000,000,000

Flat / apartment for sale

3 Bedroom Flat with Boys' Quarters

Just listed banana island, ikoyi Luxury 3-bedroom fully furnished apartment + 1 room BQ Banana Island, Ikoyi, Lagos Experience the finest in luxury living in one of Lagos' most prestigious and exclusive residential communities. Property Features: - Tastefully Furnished Interiors - Spacious Living & Dining Areas - Modern Fully Fitted Kitchen - All Bedrooms En-Suite - 1-Room Boys' Quarters (BQ) - Premium Finishes Throughout - Excellent Security - Serene and Exclusive Environment - World-Class Amenities Whether you're looking for an upscale residence or a premium real estate investment, this exceptional property offers the perfect blend of comfort, sophistication, and exclusivity. Interested? Send a DM or call today for more details and to schedule an inspection.

Banana Island, Ikoyi, Lagos

3 3 4

Brisk Properties