There are 713 flats for rent in Banana Island as of 11 Oct 2026, with an average price of ₦50M. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Luxury Fully Furnished and Serviced 3-Bedroom Apartment
Discover refined living in this luxury fully furnished 3-bedroom apartment in Banana Island, Ikoyi, one of Lagos' most prestigious residential locations. The apartment features spacious bedrooms, a beautifully furnished living and dining area, a modern fitted kitchen, contemporary finishes, 3 bathrooms and 4 toilets, offering a comfortable and elegant home for executives, families and corporate tenants. Key Features - Fully furnished 3-bedroom apartment - Spacious living & dining area - Modern fitted kitchen - Contemporary interior finishes - Excellent natural lighting - Ample parking - Secure residential environment - Excellent estate facilities - 24/7 security - Reliable power supply Location: Banana Island, Ikoyi, Lagos Rent: ₦38,000,000 per annum Private inspections available by appointment. Contact us today to schedule a viewing.
28 Units of 3 bedroom newly built apartment + a 3 room office space for rent in ikoyi [Owner wants a singular person or company to rent it) Rent : 40M per unit [40M X 29 units] Service Charge : 7M [Per unit] Excluding diesel deposit Agency : 10% Legal : 10% Caution : 10% 2 Years required
Old Ikoyi, Banana Island, Ikoyi, Lagos
Added today
3 beds
3 baths
4 toilets
Tory's Realty
Premium
10
₦50,000,000/yr
Flat / apartment for rent
Luxury Waterfront 3 Bedroom Apartment, BQ, Pool, Gym
Direct clients preferable Luxury waterfront 3 bedroom apartment, bq, swimming pool, gym, elevator, etc in Banana Island Estate Ikoyi Rent: N50M per annum Exclusive of service charge,pool, and gym Call Prince Ademola Osinuga International now to pay and move in immediately
Banana Island Estate Ikoyi, Banana Island, Ikoyi, Lagos
Added today
3 beds
3 baths
4 toilets
2 Parking
Prince Ademola Osinuga International
Premium
25
₦35,000,000/yr
Flat / apartment for rent
3 Bedroom Apartment
Semi Furnished 3 Bedroom Apartment with Elevator + Swimming Pool + Gym Location: Banana Island, Ikoyi, Lagos Rent: ₦35M Per Annum Other Charges: - Legal: 10% - Agency: 10% - Caution: 10% - Service Charge: ₦6M Features: - Elevator - Spacious apartment - All rooms ensuite - Fitted kitchen - 24/7 Electricity - 24/7 Security - CCTV surveillance - Ample parking space - Gym - Mini golf - Swimming pool - Well treated water - Serene environment
Banana Island, Ikoyi, Lagos
Added today
3 beds
3 baths
3 toilets
HSSN Properties
Premium
8
₦25,000,000/yr
Flat / apartment for rent
3 Bedroom Apartment with BQ
Exclusively for direct clients only For rent - spacious 3 bedroom apartment with BQ Location: Banana Island, Ikoyi, Lagos Experience comfortable residential living in this well-built and spacious 3-bedroom apartment with Boys' Quarters (BQ), situated within a beautiful residential estate in the prestigious Banana Island, Ikoyi. The property offers generous living spaces, natural lighting, and a peaceful residential setting, making it an excellent choice for families and professionals seeking comfort and privacy. Financial summary: - Rent: ₦25, Per Annum - Service Charge:₦ 2.5M - Agency Fee: 10% - Legal Fee: 10% - Caution Deposit: 5% Payment terms: - Minimum Lease Term: 2 Years - Rent Payable Upfront: ₦50 Property Highlights: - 3 Spacious Bedrooms - Generously Sized Living Area - Boys' Quarters (BQ) - Well-Built Residential Property - Natural Lighting - Beautiful Residential Estate - Serene Residential Environment - Prestigious Banana Island Address Ideal for: - Families Seeking Spacious Accommodation - Corporate Executives - Expatriates - Professionals Seeking Long-Term Residential Accommodation Viewing: Strictly By Appointment Inspection fee applies For Private Viewing & Leasing Enquiries:
Banana Island, Ikoyi, Lagos
Added today
3 beds
3 baths
4 toilets
Knight Angels Realties LTD
Premium
20
₦70,000,000/yr
Flat / apartment for rent
4 Bedroom Flat with BQ
Exclusively for direct clients only For rent: Luxury 4-bedroom apartment with BQ furnished or unfurnished Location: Banana Island, Ikoyi, Lagos Floor: 6th Floor Experience sophisticated living in this beautifully maintained 4-bedroom luxury apartment, situated on the 6th floor of an exclusive residential development in the prestigious Banana Island, Ikoyi. Designed for comfort, privacy, and contemporary living, this exceptional residence features generously proportioned interiors, four en-suite bedrooms, a fully fitted kitchen, and dedicated staff quarters. Residents enjoy access to premium recreational amenities, including: - a large swimming pool - a fully equipped gym - two elevators - ample parking within a secure and serene residential environment The apartment is available furnished or unfurnished, offering flexibility to suit individual lifestyle preferences and corporate accommodation requirements. Financial summary: Unfurnished Option - Rent: ₦70,000,000 per annum - Service charge: ₦5,000,000 per annum - Agency fee: 10% (₦7,000,000) - Legal fee: 10% (₦7,000,000) - Caution deposit: 10% (₦7,000,000) Total initial package: ₦96,000,000 Furnished Option - Furnished rent: Price upon serious enquiry - Service charge: ₦5,000,000 per annum - Agency fee: 10% - Legal fee: 10% - Caution deposit: 10% Note: The apartment currently has furniture in place and may be leased fully furnished at a separately negotiated rental rate. The furnished rental price will be discussed directly with the landlord upon confirmation of a verified, financially qualified, and genuinely interested prospective tenant. Property highlights: - Four spacious bedrooms - All bedrooms en-suite - Dedicated Boys' Quarters (BQ) - Spacious reception & living area - Fully fitted modern kitchen - Well-maintained luxury interiors - Located on the 6th floor - Two functional elevators - Large communal swimming pool - Fully equipped gymnasium - Spacious residential compound - Ample parking spaces - Secure & serene residential environment - Prestigious Banana Island address - Furnished & unfurnished rental options Location & lifestyle advantages: - Prime residential address in Banana Island - Exclusive and prestigious neighbourhood - Peaceful environment for luxury living - Convenient access to Ikoyi & Victoria Island - Proximity to premium restaurants & shopping destinations - Access to international schools and major business districts - Ideal for private and corporate residential use Ideal for: - High-net-worth individuals & families - Senior corporate executives - Expatriates & diplomatic personnel - Multinational corporate tenants - Professionals seeking premium residential accommodation - Discerning tenants who value privacy, security & exclusivity Viewing: Strictly by appointment Inspection fee applies For private viewing & leasing enquiries:
Banana Island, Ikoyi, Lagos
Added today
4 beds
4 baths
5 toilets
Knight Angels Realties LTD
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Premium
8
₦30,000,000/yr
Flat / apartment for rent
2 Bedroom Luxury Fully Furnished Apartment
Exclusively for direct clients only For rent - luxury 2 bedroom fully furnished apartment Location: Banana Island, Ikoyi, Lagos Experience refined residential living in this tastefully furnished 2-bedroom apartment situated within the prestigious Banana Island community. Designed for comfort, privacy, and convenience, this residence offers generously proportioned living spaces, contemporary furnishings, a fully fitted kitchen, and access to premium recreational facilities. The apartment combines modern functionality with an exclusive residential setting, making it an excellent choice for discerning tenants seeking a comfortable and sophisticated lifestyle in Ikoyi. Financial summary: - Rent: ₦30M, Per Annum - Service Charge: ₦1.9M - Agency Fee: 10% - Legal Fee: 10% Property Highlights: - 2 Spacious Bedrooms - Fully Furnished Interiors - Generously Sized Living Areas - Contemporary Furniture & Finishes - Fully Fitted Kitchen - Swimming Pool - Fully Equipped Gym - Ample Parking Space - Serene Residential Environment - Prestigious Banana Island Address Ideal for: - Corporate Executives & Senior Professionals - Expatriates Seeking Premium Accommodation - Discerning Individuals & Families - Corporate Residential Leasing - Tenants Seeking Exclusive Island Living Viewing: Strictly By Appointment Inspection fee applies For Private Viewing & Leasing Enquiries:
Banana Island, Ikoyi, Lagos
Added today
2 beds
2 baths
3 toilets
Knight Angels Realties LTD
Premium
8
₦70,000,000/yr
Flat / apartment for rent
3 Bedroom Luxury Apartment
Exclusively for Direct Clients Only For rent - luxury 3-bedroom apartments Location: Banana Island, Ikoyi, Lagos Available Units: 1st Floor and 4th Floor Financial Summary: - Rent: ₦70 M, per annum - Service Charge: ₦15M, per annum (inclusive of diesel) - Caution Deposit: ₦2M - Legal Fee: 10% - Agency Fee: 10% Property Highlights: - Two units available - Spacious reception area - Three spacious bedrooms, all en-suite - Expansive living area - Fully fitted kitchen - Dedicated laundry room - Maid's quarters available at an additional cost - Two elevators - Swimming pool - Fully equipped gym - Private spa - Sauna room - Underground parking - Professionally maintained environment - Secure and prestigious residential estate Location Advantage: - Situated in the prestigious Banana Island residential estate - Exclusive residential environment - Ideal for expatriates and executives seeking premium accommodation Ideal for expatriates, executives and discerning residents seeking spacious luxury living with exceptional leisure and wellness facilities in one of Lagos' most prestigious residential locations. Viewing: Inspection fee applies Important notice: This offering is strictly reserved for serious and financially capable direct clients only. Inquiries from intermediaries or other third parties will not be entertained. Kindly ensure you are prepared to proceed before requesting further details or scheduling an inspection. For Private Viewing & Leasing Enquiries: 07038451502
Banana Island, Ikoyi, Lagos
Added yesterday
3 beds
3 baths
4 toilets
Knight Angels Realties LTD
Premium
13
₦55,000,000/yr
Flat / apartment for rent
Fully Serviced Furnished 3- Bedroom Apartment Available
Fully serviced furnished (3) three-bedroom apartment for rent in banana island ikoyi. Rent: 55M service charge: 4M agency fee: 10% Legal fee: 10% Caution fee: 2M location: Banana island ikoyi.
Banana Island, Ikoyi, Lagos
3 beds
4 baths
4 toilets
4 Parking
Emmy Properties
Premium
15
₦50,000,000/yr
Self contain (single rooms) for rent
Luxurious Three Bedrooms Apartment with Pool
Banana Island, Ikoyi, Lagos
4 baths
3 toilets
Frank's Villa Apartment's
Premium
8
₦40,000,000/yr
Flat / apartment for rent
2-Bedroom Furnished Apartment
Upscale & Stylishly Furnished 2-Bedroom Apartment For Rent. Directly on Banana Island Road, Ikoyi, Lagos Annual Rent: ₦40m per annum Agency fee: 10% Legal fee: 10% Caution fee: ₦2m Annual service charge: ₦2.5m Features & Amenities: - Private balcony - Air conditioning in all rooms - Led Android Smart TV with Netflix & DStv - Bathrooms equipped with toiletries - Bread toaster - Fruit blender - Coffee machine - Iron & ironing board - Water heater - Microwave oven - Refrigerator - 24-hours electricity - Dedicated workstation - 24/7 security - Private free parking space - Access to swimming pool & gym - Fully furnished modern contemporary kitchen equipped with extractor, cutleries, and gas connection - Shopping malls & eateries available around Banana Island.
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
2 Parking
Frank's Villa Apartment's
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Premium
1
₦40,000,000/yr
Flat / apartment for rent
2-Bedroom Furnished Apartment
Upscale & Stylishly Furnished 2-Bedroom Apartment For Rent. Directly on Banana Island Road, Ikoyi, Lagos Annual Rent: ₦40m per annum Agency fee: 10% Legal fee: 10% Caution fee: ₦2m Annual service charge: ₦2.5m Features & Amenities: - Private balcony - Air conditioning in all rooms - Led Android Smart TV with Netflix & DStv - Bathrooms equipped with toiletries - Bread toaster - Fruit blender - Coffee machine - Iron & ironing board - Water heater - Microwave oven - Refrigerator - 24-hours electricity - Dedicated workstation - 24/7 security - Private free parking space - Access to swimming pool & gym - Fully furnished modern contemporary kitchen equipped with extractor, cutleries, and gas connection - Shopping malls & eateries available around Banana Island.
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
2 Parking
Frank's Villa Apartment's
Premium
23
₦90,000,000/yr
Flat / apartment for rent
Premium Luxury 3 Bedroom Apartment
Joeba03-for sale / rent luxury 3 bedroom apartment banana island, ikoyi Location: Banana Island, Ikoyi, Lagos Newly built and elegantly finished 3 bedroom apartment (7th Floor) Sale Price: $1,200,000 Rent: ₦90,000,000 per annum Caution Deposit: 10% Agency: 10% (Rent) / 5% (Sale) Legal: 10% Features: - Fully automated smart apartment - All rooms en-suite - Spacious living areas with city views - Fully fitted kitchen & island - Italian tiles & chandeliers - Central sound system - Elevator access - Swimming pool & gym - Air conditioning & fire alarms - Reception & 24/7 security - Washing machines & ample parking Contact: Infinique Properties 07084976122 08064653585 [email protected]
Banana Island Estate, Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
Infinique Properties Limited
Premium
13
₦55,000,000/yr
Flat / apartment for rent
3 Bedroom Furnished Apartment
Fully serviced furnished (3) three bedroom apartment for rent in banana island ikoyi. Rent: 55M Service charge: 4M Agency fee: 10% Legal fee: 10% Caution fee: 2M
Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
3 Parking
Zion Properties LTD
Premium
6
₦40,000,000/yr
Flat / apartment for rent
Fully Furnished 2-Bedroom Waterfront Apartment
Exclusively for Direct Clients Only KA00204 for rent - Fully Furnished 2-bedroom Waterfront Apartment Location: Banana Island,Lagos Financial Summary: Rent:₦40,000,000 Per Annum Rent may be negotiable depending on lease tenure. Property Highlights: - Fully Furnished 2-Bedroom Apartment - All Rooms En-Suite - Prime Waterfront Setting - Fully Fitted Kitchen - One-Room BQ - Two-Car Dedicated Parking - 24-Hour Electricity - 24-Hour Security - High-Speed Fibre Internet - Central Water System - Water Treatment Plant - Swimming Pool - Fully Equipped Fitness Room - Elevator - Gated & Secure Community - Estate Patrol & Professional Facility Management - Estate Clubhouse / Event Hall - Good Road Network - Prepaid Meter - Waste Disposal & Management System Viewing: Inspection fee applies important notice: This offering is strictly reserved for serious and financially capable direct clients only. Inquiries from intermediaries or other third parties will not be entertained. Kindly ensure you are prepared to proceed before requesting further details or scheduling an inspection. For Private Viewing & Leasing Enquiries:
Banana Island, Ikoyi, Lagos
2 beds
2 baths
3 toilets
Knight Angels Realties LTD
Premium
18
₦30,000,000/yr
Flat / apartment for rent
Contemporary 3 Bedroom Luxury Apartment with Elevator, Swimming Pool
Contemporary 3-Bedroom Luxury Apartment with Elevator, Swimming Pool & Gym Banana Island, Ikoyi Experience sophisticated living in the heart of Banana Island, Ikoyi. This beautifully finished 3-bedroom luxury apartment combines contemporary design, premium finishes, and exceptional amenities within one of Lagos' most prestigious residential communities. Designed for comfort, privacy, and convenience, it is an ideal residence for discerning professionals, families, expatriates, and corporate executives. Key Features Three spacious bedrooms, all en-suite Elegant guest powder room Stunning views Spacious living and dining area Fully fitted contemporary kitchen Elevator access Swimming pool Fully equipped fitness centre Ample parking space Spacious outdoor relaxation area Stamp concrete flooring Steady electricity supply Treated water supply 24-hour security Serene and secure environment Rental Details Location: Banana Island, Ikoyi, Lagos Annual Rent: ₦30M Other Charges Service Charge: ₦1,800,000 Agency Fee: 10% Legal Fee: 10% * Refundable Caution Deposit: 10% Contact Information For enquiries, private viewings, or professional real estate services, kindly contact: Adebimpe Adeola Deola Luxe Realty Limited 0816 427 6682 +234 708 139 2769 [email protected] Important Note Kindly note that a modest viewing fee applies. Please contact us for further details and to arrange a private viewing. Deola Luxe Realty Limited Luxury Rentals - Property Sales - Property Advisory
Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
2 Parking
Deola Luxe Realty Limited
Premium
12
₦70,000,000/yr
Flat / apartment for rent
4 Bedroom Apartment
CW10368 4 Bedroom Apartment "Experience refined living in this luxury, well-maintained 4-bedroom apartment located on the 6th floor of a premium residential development in the prestigious Banana Island, Ikoyi, Lagos. The apartment offers spacious interiors, excellent recreational facilities, two elevators, ample parking, and a secure environment. Available furnished or unfurnished, giving prospective tenants the flexibility to choose their preferred living arrangement. Property Details Property Type 4-Bedroom Apartment + BQ Location Banana Island, Ikoyi, Lagos Floor 6th Floor Rental Options Unfurnished --- ₦70,000,000 Per Annum Furnished --- Price to Be Discussed Service Charge ₦5,000,000 Per Annum Additional Charges Agency Fee: 10% --- ₦7,000,000 Legal Fee: 10% --- ₦7,000,000 Caution Fee: 10% --- ₦7,000,000 Service Charge: ₦5,000,000 Unfurnished Total Initial Package ₦96,000,000 Property Features Four Spacious Bedrooms BQ All Rooms En-Suite Fully Fitted Kitchen Spacious Reception Area Two Elevators Large Swimming Pool Well-Equipped Gym Spacious Compound Ample Parking Space Well-Maintained Interiors Secure Residential Environment 6th-Floor Residence Lifestyle Highlights Prime Banana Island, Ikoyi location Well-maintained luxury residential development Large swimming pool and fully equipped gym Two elevators for convenience Spacious compound with ample parking Secure and serene environment Excellent access to Ikoyi, Victoria Island, Lagos Island, luxury shopping, restaurants, schools, and major business districts Ideal for Families, Executives, HNIs, Expatriates, and Corporate Tenants Furnished Option The apartment currently has furniture in place and can be rented fully furnished. However, the furnished rental price is different from the ₦70 million unfurnished rate. The furnished rental price will be discussed and agreed with the landlord once a verified and genuinely interested client is ready to proceed. Rental Package --- Unfurnished Rent --- ₦70,000,000 Service Charge --- ₦5,000,000 Agency Fee --- ₦7,000,000 Legal Fee --- ₦7,000,000 Caution Fee --- ₦7,000,000 Total Initial Package ₦96,000,000 Furnished Option: Price to be discussed with the landlord for a verified interested client. " For more Information, Pricing and Private Viewings Please Contact: Rose: 08149226187 Lilian: 09062511340 Email: [email protected] We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
C W Real Estate
Premium
9
₦40,000,000/yr
Flat / apartment for rent
3 Bedroom Apartment & BQ
CW10552 3 Bedroom Apartment & BQ in Ikoyi "Experience premium residential living in this spacious 3-bedroom apartment with a study room and BQ, located on the 1st floor of an exclusive estate in Banana Island, Ikoyi. Designed for comfort, privacy, and convenience, the residence offers generously sized en-suite bedrooms, a fully fitted kitchen, private balconies, elevator access, and access to excellent lifestyle amenities including a swimming pool and gym. Property Features Three Spacious En-Suite Bedrooms Study Room Boys' Quarters (BQ) Fully Fitted Kitchen Private Balconies Elevator Swimming Pool Fully Equipped Gym House 24/7 Power Supply Serene & Secure Residential Environment Rental Details Annual Rent: ₦40,000,000 Service Charge: ₦4,000,000 Legal Fee (10%): ₦4,000,000 Agency Fee (10%): ₦4,000,000 Caution Fee (5%): ₦2,000,000 Total Payable ₦54,000,000 This exceptional apartment in Banana Island offers an ideal blend of space, modern amenities, security, and serene estate living, making it an excellent choice for families, corporate executives, and discerning tenants seeking premium accommodation in Ikoyi. Rent ₦40,000,000 Per Annum For more Information, Pricing and Private Viewings Please Contact: Rose: 08149226187 Lilian: 09062511340 Email: [email protected] We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate"
Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
C W Real Estate
Premium
1
₦80,000,000/yr
Flat / apartment for rent
Luxury Waterview 4 Bedroom Maisonette with BQ
️ Just listed to let Luxury waterview 4-bedroom maisonette with BQ banana island, lagos Experience refined living in one of Lagos' most prestigious residential locations! Discover this elegant, partly furnished 4-bedroom maisonette with a Boys' Quarters (BQ), offering a beautiful waterview and a comfortable residential setting in Banana Island. Designed for those who appreciate privacy, comfort, and an upscale lifestyle, this property presents an excellent opportunity to enjoy premium living in an exclusive residential neighbourhood. Property Highlights 4 Spacious Bedrooms Beautiful Waterview Partly Furnished Dedicated Boys' Quarters (BQ) Located in the Residential Area of Banana Island Internal and External Maintenance Covered by the Service Charge Diesel Included in the Service Charge Location: Banana Island, Lagos. Rent: ₦80,000,000 Net Additional fees Service Charge: ₦8,863,750 (Covers internal and external maintenance, including diesel.) Agency Fee: 10% Legal Fee: 5% Caution Deposit: 5% For enquiries & private inspections Call/WhatsApp: 07062746651 If you're searching for an upscale residence in Banana Island, this is an opportunity worth exploring. This is strictly for Private residence. Inspection is with minimum 90mins window after safety profiling. This property is approved by Big River Property . Big River Properties & Logistics Asset Control. Capital Growth. Strategic Real Estate.
Banana Island, Ikoyi, Lagos
4 beds
4 baths
5 toilets
2 Parking
Big River Properties and Logistics
Premium
9
₦55,000,000/yr
Flat / apartment for rent
Furnished 3 Bedroom Apartment with BQ, Sea View, Pool, Elevator, Bar.
Furnished 3-Bedroom- Banana Island, Ikoyi - ₦55M/Year For Rent: Luxury fully furnished 3-bedroom apartment with Boys' Quarters, sea view, swimming pool, and elevator, located in the prestigious Banana Island, Ikoyi. Location: Banana Island, Ikoyi Rent: ₦55,000,000 per annum Tentative Total Package: ₦70,750,000 Service Charge: ₦5,000,000 per annum Diesel Deposit: ₦2,000,000 Charges: Agency -- 10% - Legal -- 10% - Caution -- 5% Comes With: Sea view - Fully furnished - Boys' Quarters - Swimming pool - Elevator - All rooms ensuite - Fully fitted kitchen - Snooker board - Dining area - TV console - Carport - Balconies - Italian marble finishes - Walk-in closet - Walk-in showers - Water heaters - Wine bar - Bluetooth speakers - Modern structure - Spacious rooms - Fitted closets - pop ceilings - Spotlights - Chandeliers - Refrigerator - Outdoor lighting - Secure estate with controlled access
Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
Zodi Homes and Interiors
Premium
24
₦25,000,000/yr
Flat / apartment for rent
3 Bedrooms Flat
For Lease Well built and spacious 3 bedroom flat with bq in a beautiful estate off Banana Island road Ikoyi Lagos. Price: N25m payable 2 years Service charge= Agency 10% Legal 10% Caution 5%
Banana Island Road, Banana Island, Ikoyi, Lagos
3 beds
3 baths
4 toilets
Kings Property
Showing 1–21 of 713 properties
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Area Guide
About Banana Island, Ikoyi
Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. The Island is a man-made island and is shaped like a banana. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate.The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi neighbourhoods. Banana Island has residential and commercial areas, as well as sites for recreational activities
It occupies a sand-filled area of approximately 1,630,000 square metres and is divided into 536 plots (of between 1000 and 4000 square metres in size) mainly arranged along cul-de-sacs. Dwellers in this Island are provided with world class utilities including underground electrical systems (versus the overhead cabling common throughout Lagos), an underground water supply network, a central sewage system and treatment plant, and street lighting and satellite telecommunications networks