There are 314 land joint venture across Nigeria as of 3 Sep 2026. 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.
Joint venture opportunity --- Cowrie Creek Estate, ikate Location: Cowrie Creek Estate, Ikate Land Size: 800 SQM Land Value: ₦950M Premium: ₦100M net Facilitator Fee: 7% NB: This opportunity is strictly for Serious & Capable Developers with proven capacity to execute. Jami
Cowrie Creek Estate, Ikate, Lekki, Lagos
Added today
800 sqm
Henryprime
Premium
1
₦6,500,000,000
Residential land joint venture
1400 SQMS Land
Banana Island, Ikoyi. 1,400 SQM. Joint Venture. ₦6,500,000,000 Land Value. ₦1,000,000,000 Premium. Federal Certificate of Occupancy. This Is Not a Home for a Renter to Buy. This Is the Plot a Developer Has Been Waiting For. The problem There is a category of Lagos real estate conversation that has nothing to do with escaping a landlord --- and this listing sits squarely inside it. Most JV opportunities marketed as "Banana Island" turn out to be undersized, poorly titled, or attached to a landowner whose sharing terms make the arithmetic unworkable before a single foundation is poured. Developers who have spent years circling this island for a genuine build slot know the actual bottleneck isn't capital. It's finding 1,400sqm, Federal C of O, on the island itself, from an owner who has already stated what they want built. This listing removes that bottleneck. The owner has already specified the outcome: a block of luxury flats, or luxury terrace houses with a penthouse. The title is Federal C of O --- the cleanest instrument available on this island. The land size is large enough to support a real development footprint, not a compressed one. The question isn't whether Banana Island is the correct address for a luxury residential development. It's whether this specific parcel, at this specific value, is the one worth committing construction capacity to before another developer does. The agitation Here is what the numbers on Banana Island JV land actually show right now. Recent comparable JV parcels on the island have valued land anywhere from roughly ₦850,000/sqm on older-dated listings up to ₦2.1M/sqm, ₦4M/sqm, and ₦5M/sqm on more recent 2026-dated JV offers --- a spread that reflects waterfront position, zoning, and how recently the parcel was valued. A 1,500sqm JV parcel currently listed elsewhere on the island values land at ₦5M/sqm for a total of ₦7.5B, proposing a mixed low-rise-to-penthouse structure comparable in ambition to what this owner is requesting. This listing --- 1,400sqm, ₦6.5B land value, ₦1B premium --- works out to approximately ₦4.64M per sqm before the premium is factored in. That places it inside the current Banana Island JV range, priced below the ₦5M/sqm comparable cited above, on a parcel large enough to support either of the two development formats the owner has already approved. The scarcity is not abstract. Banana Island's land supply for JV-ready parcels with Federal C of O --- as opposed to Lagos State C of O, or land still working through title perfection --- has been consistently limited, which is precisely why the JV structure exists at all: the owners holding this land are not selling it outright, and they are not releasing it to just any developer. Every month a qualified developer defers engaging this specific parcel, the risk isn't that the price falls. It's that another development partner with proof of capacity closes it first. The solution 1,400 square metres of residential land, Banana Island, Ikoyi. Federal Certificate of Occupancy. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Owner-approved development path: a block of luxury flats, or luxury terrace houses with a penthouse. Here is what this parcel actually delivers to the developer who can close it: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law, superior in registration standing to a Lagos State-issued C of O or a Deed of Assignment awaiting Governor's Consent. For a developer financing construction against this land, or presenting to institutional co-investors, a Federal C of O removes the single biggest source of delay and legal risk in a Lagos JV --- title uncertainty. 1,400sqm on Banana Island itself. Not an adjacent axis, not a "Banana Island-adjacent" address used loosely by other listings. This is land on the island the entire luxury Lagos market treats as the ceiling reference point --- the address every other Ikoyi and VI comparable gets measured against, not the reverse. Owner-defined development brief. The owner is not asking a developer to guess what will be approved. Luxury flats, or luxury terrace houses with a penthouse, are already the stated preference --- which shortens the negotiation phase considerably compared to a JV where design intent is still undefined. ₦6.5B land value against a market range of ₦4M--₦5M/sqm on comparable 2026 JV parcels. At approximately ₦4.64M/sqm, this parcel sits inside --- and below the top of --- the current range for genuine Banana Island JV land, before any premium negotiation. ₦1B premium. Disclosed upfront, not buried in a facilitator's fee structure discovered mid-negotiation. A developer evaluating this deal knows the full cost basis before committing time to due diligence. Why this beats the alternative JV parcels currently circulating. Several Banana Island JV listings on the market right now carry ambiguous or undisclosed premiums, Lagos State C of O rather than Federal, or land sizes too small to support anything beyond a compressed low-rise. This parcel discloses its premium, holds the stronger title, and sits at a size that supports a genuine luxury block or terrace-with-penthouse format --- the exact profile that has driven the strongest resale and rental yields on the island over the past several years. The call to action 1,400sqm. Banana Island, Ikoyi. Federal C of O. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Development path: luxury flats or luxury terrace houses with penthouse. This is not an offer for a corporate professional looking to stop renting. This is a JV slot for a developer, construction firm, or family office with the capacity to execute a Banana Island-grade build and the documentation to prove it. Call the agent, or send your company profile for survey review, via Smilebay Realties: +234 901 517 4801. Serious developers only. Proof of construction capacity required before terms are discussed. The island doesn't release land like this often. The title is already Federal C of O. The brief is already written. The developer who closes it hasn't been decided yet. Land Type: Residential Land --- Joint Venture Size: 1,400 sqm Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Title: Federal Certificate of Occupancy (C of O) Owner's Development Preference: Block of luxury flats, or luxury terrace houses with penthouse Security: Security/gateman Location: Banana Island, Ikoyi, Lagos NPC Comparable Context (Banana Island JV/land market, 2026): 1,500.23sqm JV parcel, Banana Island Estate --- ₦5,000,000/sqm (₦7.501B total) 2,300sqm JV parcel, Banana Island (mixed zone) --- ₦4,000,000/sqm + ₦300M premium 1,900sqm JV parcel, Banana Island (corner piece) --- ₦2,100,000/sqm This listing: 1,400sqm, Banana Island --- approx. ₦4,640,000/sqm + ₦1B premium Posted: 24 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-722-7
Banana Island, Ikoyi, Lagos
Smilebay Realties Limited
Premium
₦900,000,000
Residential land joint venture
Development 6, 200SQM
Joint Venture Development Brief 6,200 SQM eleko expressway We are seeking an experienced and financially capable developer for a premium residential Joint Venture on approximately 6,200 sqm of dry land with Governor's Consent, strategically located on Eleko Expressway. Development Preference The Landowner is seeking a premium, low-density residential development comprising: - Semi-Detached Duplexes - Premium Terraced Duplexes - Quality internal infrastructure - Landscaped communal spaces - Secure gated environment - Premium architectural finishes Proposed Development Options option 1: 16 units - 8 Semi-Detached Duplexes - 8 Premium Terraced Duplexes option 2: 20 units - 8 Semi-Detached Duplexes - 12 Premium Terraced Duplexes The final unit mix is open to optimisation based on the developer's architectural and financial feasibility. Landowner's JV requirement The Landowner is seeking: ₦100,000,000 upfront cash consideration plus Equity participation in the development The equity component structured as: - Defined completed units Value of 800M Gov Consent in View Developers are invited to submit their best commercial proposal. Developer responsibilities The selected developer will be expected to provide: - Full development funding - Architectural and engineering design - Planning and statutory approvals - Construction and infrastructure - Project management - Marketing and sales - Estate management setup - Professional consultants - Clear development timeline - Transparent financial reporting developer submission Interested developers should provide: 1. Company profile and track record 2. Evidence of completed residential developments 3. Proposed architectural concept/unit mix 4. Development budget 5. Construction timeline 6. Projected selling prices and GDV 7. Proposed ₦100M upfront + equity structure 8. Landowner's proposed equity/units 9. Developer's expected return 10. Proposed JV structure and commercial terms 11. Evidence of financial capacity to execute the project preferred partner Preference will be given to developers with a strong track record in premium residential development, proven financial capacity, quality construction standards and a credible sales platform. The Landowner is prioritising value creation and premium positioning over maximum unit density. Fee 10% Please Note Direct Developer or Direct Agent to Developer Owner is Ready to close Vol 24 2
Eleko Expressway, Eleko, Ibeju Lekki, Lagos
6200 sqm
Crestforesight Homes & Properties LTD
Premium
₦4,500,000
Residential land joint venture
4000SQM of JV Land in a Well Secured Area Just in
Joint Venture Opportunity Alert Location : Banana Island Estate Road, Ikoyi, Lagos Key Details: . Land size: 4,000 SQM . Land Value: ₦4.5m Per SQM . Proposal: Maisonettes & Apartments . Facilitators' Fees: 10% . Sharing Ratio: TBD note: Owner wants a building on the 1,000 SQM for himself and 3,000 SQM with block of flats/maisonette High-rise. Experience Developer is a must with proof of Funds. Olajbatdangbe
Banana Island Estate Road, Banana Island, Ikoyi, Lagos
Added yesterday
4000 sqm
David Moren Property Services
Premium
₦250,000,000
Residential land joint venture
322SQM Land
sam azu New JV alert 322SQM Omole Phase 1 Proposal: Semi detached duplex No Premium. Value: N250m 10% facilitator's fee sam azu
Omole Phase 1, Ikeja, Lagos
Added yesterday
322 sqm
Kerantol Limited
ADVERTISEMENTResponsive
Premium
₦13,500,000
Residential land joint venture
3000SQM Residential Land
Joint venture Land Size: 3,000sqm Location: Kingsway, Ikoyi, Lagos. Land value: #4.5m per sqm Title: C of O Proposal: up to 12 floors Sharing Ratio: 60:40% Premium: nill Facilitators: 10% Net Note: - Send expression of interests & project proposal. - facilitators' fee's letter 10% Net. - construction company profile.
Kingsway, Ikoyi, Lagos
Added yesterday
3000 sqm
M.B.B Property & Legal Services
Premium
2
₦8,000,000,000
Residential land joint venture
8000 Sq MTRS of Land
Land Size 8,000m2 at ogudu GRA Phase 2 for Joint Venture Partnership. Land owner wants 98 units of 1BR, 2BR , 3BR & Maisonettes. Land Value: 8 Billion Sharing Formula : To be discussed Premium: Nil! Facilitators fee: 10%.
Phase 2, GRA, Ogudu, Lagos
8000 sqm
Jidafric Realtors
Premium
₦8,810,227,630
Residential land joint venture
Residential Land on Glover Road
Joint venture opportunity Glover road, ikoyi Land Details: - Survey: Available - Location: Glover Road, Ikoyi - Size: 1,878.729 sqm - Title: Lagos C of O - Premium: Nil - Land Value: ₦4.700,000 per Sqm - Mou: Subject to agreement - Development Preference: Luxury Residential Apartments
Glover Road, Ikoyi, Lagos
Added yesterday
Gripzace Realty LTD
Premium
10
₦400,000,000
Residential land joint venture
Developers Delight Land with C of O
Joint venture Land size: 1380sqm Sharing formula: 60/40 Title: Fcda c of o Premium: 50m refundable Location: kaura District, abuja Land value: 400m 10% facilitators fees https://maps.google.com/?q=9.008512,7.434120 0803 628 4689 0809 285 9925
Kaura, Abuja
Added yesterday
1380 sqm
Baseplate Nigeria LTD
Premium
3
₦400,000,000
Residential land joint venture
Dry Residential Land
Available for JV Size: 790 sqm Location: Peace garden Estate Sangotedo Value: 400m Proposal: 2 units of fullly detached duplex Title: Governor's Consent Facilitators Fee: 10%
Location: Kado on a tarred road size : 1,075.71 sqm.. Title: C of O land value: #800M sharing formula: 55 / 45 Building type: 5 floors block of flat premium: #100M Refundable facilitators fee: 10% non-negotiable strictly for serious developers a copy of CofO is handy for your Legal search. https://maps.app.goo.gl/j44sgStaVo9j1tRB8?g_st=iwb
Kado, Abuja
Added yesterday
1075 sqm
Amarak Realty
Premium
₦10,500,000,000
Residential land joint venture
A Land Measuring 2, 340.32 SQM
Joint venture opportunity -- milverton road, ikoyi Location: Milverton Road, Ikoyi, Lagos Land Details: - 2 Plots of Land (A & B) - Plot a: 2,340.32 sqm - Plot B: 2,298.20 sqm Land Value: N4,500,000 per sqm Title: Lagos State C of O Premium: Nil Survey: Available upon submission of company profile mou: Available if required Owner's Development Preference: - Single Tower or Twin Tower Development - Minimum of 11 Floors and above - Preferred contractor to handle construction must be verified and experienced a rare Joint Venture opportunity in one of Ikoyi's most prestigious locations, suitable for a high-end luxury developmen. Interested developers/investors are welcome to engage. #awdeZ
Milverton Road, Ikoyi, Lagos
2340 sqm
Awodd Properties LTD
Premium
₦4,000,000
Residential land joint venture
A Land Measuring 1159 SQM
JV available at lugard old ikoyi Size: 1159sqm Title: Lagos State CofO Agency: 10% Premium: 150M Proposal: Apartments Value: 4M per sqm Sharing formula: 50/50 Procedures: - Company profile - Letter of intent - Facilitators fees We can close in 1 week #awdjum
Lugard Road, Ikoyi, Lagos
Added yesterday
1159 sqm
Awodd Properties LTD
Premium
₦280,000,000
Residential land joint venture
Land Measuring 523SQM
Joint venture* Location: Buena Vista Estate, Orchid Road, Lekki, Lagos. In a call access Estate interlocked from the plot to the Estate gate Drawings, Soil test and other approvals in place Size: 523sqm Value: #280m Proposal: Two semi detached duplexes (DRAWINGS available, approval gotten ,only labsca approval remaining) Sharing: 50:50 Premium: Nil Facilitator Fee: 10% Vol 25 38
Buena Vista Estate, Orchid Road, Lekki, Lagos
523 sqm
Crestforesight Homes & Properties LTD
Premium
1
₦950,000,000
Residential land joint venture
800SQM of Premium Land
800sqm of bareland for jv in cowrie creek estate Ikate. Land value 950, premium 100m, facilitators 10%. Contact 09169725780
Cowrie Creek Estate, Ikate, Lekki, Lagos
800 sqm
Danna Properties
Premium
1
₦36,000,000,000
Residential land joint venture
8000SQM Prime Waterfront Land for Luxury Residential Development
8000sqm Prime Waterfront Land for Luxury Residential JV Development The property comprises approximately 8,000 SQM of prime waterfront land, with the option to divide into two portions, making it suitable for phased development. Development Purpose - Luxury Residential Development - Ultra-luxury apartments - Waterfront mansions - Premium high-end real estate project commercial terms Land Value: ₦4.5 Million per SQM Indicative Land Value: ₦36 Billion Premium: ₦2 Billion --- deductible from the Owners' Share Facilitators' Fee: 10% Title: Registered Supreme Court Judgment Location: 2nd Avenue, Banana Island, Ikoyi, Lagos
2nd Avenue, Banana Island, Ikoyi, Lagos
Jonela Concept
Premium
₦21,600,000,000
Residential land joint venture
4800SQM of Exceptional Land
JOINT-Venture Development Opportunity Land- Corner Parcel --- Thompson & Glover Road, Old Ikoyi, Lagos Overview An exceptional joint-venture opportunity to develop a landmark luxury residential project on a prestigious corner parcel at the junction of Thompson Road and Glover Road, Old Ikoyi. The site presents a rare opportunity for a reputable, financially capable developer to deliver a high-end residential tower tailored to the luxury Old Ikoyi market. Site particulars - Location: Corner of Thompson Road & Glover Road, Old Ikoyi, Lagos - Land size: Approximately 4,800 sqm - Land value: ₦4,500,000 per sqm (indicative) - Indicative total land value: ₦21,600,000,000 (Twenty-one billion, six hundred million Naira) - Premium: Nil - Title: To be provided for review Development proposal The landowner seeks a development partner to deliver a premium residential high-rise with the following principal concept elements (final concept subject to feasibility and statutory approvals): - A high-rise residential tower of 15 floors and above. - Luxury three-bedroom apartments, each delivered with an accompanying Boys' Quarters (BQ). - Exclusive penthouse units configured with two or three BQs. - High-end architectural design and premium interior and building specifications appropriate for the Old Ikoyi luxury residential segment. - Final unit mix, massing, floor plate, parking, amenity provision and building configuration to be determined following detailed feasibility studies, market testing and planning approval processes. Development and planning considerations - The successful concept should prioritise privacy, security, landscaped communal spaces and premium resident amenities (e.g., concierge, gym, pool, secure parking and service areas). - All proposals must allow for compliance with Lagos State planning regulations and any federal requirements applicable to high-rise residential developments. - A robust financial feasibility, market positioning and phasing plan will be required as part of the JV negotiations. Developer submission requirements Interested and suitably qualified developers are invited to submit the following documentation for initial review: 1. Letter of Intent (LOI) --- formally expressing interest in pursuing the proposed joint venture. 2. Company profile --- demonstrating relevant track record, evidence of completed or ongoing high-end residential projects, financial capability and project delivery capacity. 3. Facilitator's fee confirmation --- a letter acknowledging a 10% facilitator's fee backed by an imfpa applicable to the transaction. Next steps & contact Shortlisted parties will be invited to receive the site information pack, legal title documents (upon request), and to participate in a site visit and subsequent commercial discussions. Detailed development briefs and heads of terms will be issued to qualified respondents following initial review. Important notes - All information provided is indicative and subject to contract, verification and landlord approval. - Prospective developers are expected to undertake their own due diligence (legal, technical, planning and financial) prior to commitment. - Planning permissions, approvals and any statutory fees or levies are to be addressed as part of the development programme and JV negotiation. #atafo
Glover Road JCT, Old Ikoyi, Ikoyi, Lagos
4800 sqm
The Build Centre Properties
Premium
₦4,500,000
Residential land joint venture
A Corner Piece Land
Joint venture @ old ikoyi, lagos Location: A Corner piece between Thompson road and Glover road, Old Ikoyi, Lagos. Land Size: Approximately 4,800 sqm Land Value: ₦4.5m/ sqm Title: C of O Premium: Nill Sharing ratio: TBD Facilitators' fee: 10% of total land value. Proposal a premium luxury residential development comprising of: - High-rise: 15 floors and above to include: - Luxury 3-bedroom apartments, each with Boys' Quarters - Exclusive penthouses with 2 or 3 Boys quarters The developer is expected to deliver an high-end architectural design and premium specifications suitable for the Old Ikoyi luxury residential market subject to feasibility studies and necessary planning approvals. Procedure Loi, company profile, project proposal and facilitators' fee's letter. Survey will be released after the submition of the above requirements.
Between Thompson Road and Glover Road, Old Ikoyi, Ikoyi, Lagos
4800 sqm
M.B.B Property & Legal Services
Premium
1
₦3,000,000,000
Residential land joint venture
3600 SQM of Land
NO premium JV joint venture JV (3,600 SQM - asokoro main, abuja) Size: 3,600 SQM Purpose: Residential Value: #3 Billion Premium: Nil Title: C of O, fcda, abuja Facilitators: 10% Location: Asokoro main Proposed building type: 8 Units of 5 bedroom fully detached duplexes Note: NO premium payment Building approval gotten Procedure: - Loi and company profile - Meeting between the owner and developer - Documents will BE sighted at the meeting Loi address: The landowner, 3,600 SQM JV land, Asokoro main, Abuja. -chie Google pin: https://maps.app.goo.gl/5FJgrMnY86Vjj8JN7?g_st=aw #v(T)T)
Asokoro District, Abuja
3600 sqm
Property Finders (Ibile Global Mart Limited)
Premium
2
₦1,500,000,000
Residential land joint venture
Residential Land
Alma Beach Estate, Ikate, Lekki. Joint Venture. 1,200 SQM. ₦1,500,000,000 Asking. Certificate of Occupancy. Minimum 16 Flats. Sharing Ratio Open to Proposal. Before You Read the Rest of This Listing, Read This: The Price Needs an Answer the Description Doesn't Give. The problem There's a category of Ikate JV land where two nearly identical parcels --- same size, same title type, same general corridor --- can carry wildly different asking prices, and the only way a developer finds out is by actually comparing them side by side instead of taking one listing's number at face value. Most JV land search happens the opposite way. A developer sees an address they recognize --- Alma Beach Estate, Ikate, oceanfront-adjacent --- reads a plausible unit count, and starts modelling a proposal before checking what an essentially identical footprint is trading for two streets over. That's how a developer ends up structuring an equity split against a land value that's double the market's going rate for the same size plot in the same neighborhood. This listing is 1,200sqm, Alma Beach Estate, Ikate. Certificate of Occupancy. ₦1,500,000,000 asking. A minimum of 16 flats requested. Before running a single unit-economics model, the honest first step is putting this number next to what else is trading on the exact same footprint in the same corridor right now. The agitation Here's what that comparison actually shows, and it's not subtle. A separate 1,200sqm JV parcel in Ikate --- the identical size, the identical Lagos C of O title, a 50/50 sharing structure and a 10% facilitator's fee --- is listed at ₦600,000,000. That works out to approximately ₦500,000 per sqm. A 1,000sqm parcel behind Pinnacle Marwa, Ikate, on Governor's Consent, is asking ₦650,000,000, or ₦650,000/sqm. A 1,192sqm corner piece at Itedo Estate off Freedom Way, Ikate, is asking ₦500,000,000 plus a ₦40,000,000 premium --- approximately ₦419,463/sqm all-in. A larger 3,512sqm parcel on Gbangbala Street, Ikate, sand-filled and fenced, is asking ₦650,000/sqm. This listing --- 1,200sqm at ₦1,500,000,000 --- works out to approximately ₦1,250,000 per sqm. Against four independently listed Ikate JV comparables clustering between ₦419,463 and ₦650,000 per sqm, that's not a modest premium. It's roughly double to triple the corridor's going rate on land of comparable or larger size. Is there a legitimate reason for that gap? Possibly. Alma Beach Estate specifically markets itself on proximity to the Ikate-Elegushi oceanfront, and a genuine beachfront or near-beachfront position inside a gated estate can command more than raw JV land elsewhere in Ikate. A 10,000sqm outright parcel at Alma Beach Estate, described as fenced and near the ocean front, sold for ₦700,000,000 total --- which on a per-sqm basis is actually far cheaper than this listing (≈₦70,000/sqm), though outright sale pricing on a much larger, likely undeveloped parcel isn't a clean apples-to-apples comparison against a 1,200sqm JV plot. What that comparison does confirm is that Alma Beach Estate itself isn't inherently a premium-priced address in every transaction type --- which makes the ₦1,250,000/sqm rate on this specific 1,200sqm JV parcel even harder to explain without a specific justification from the seller: exact plot position, direct beach frontage, or a stated reason this parcel differs materially from the ₦419,463--₦650,000/sqm Ikate comparables above. We're not resolving that question for you. A developer evaluating this deal should ask the agent directly, in writing, what specifically justifies this parcel's rate against the four comparables cited --- and should not proceed to a sharing-ratio proposal until that answer holds up. The solution 1,200 square metres, Alma Beach Estate, Ikate, Lekki. Certificate of Occupancy. ₦1,500,000,000 asking value. Minimum proposal: 16 flats. Sharing ratio open to developer proposal. Premium: 10% of value. Facilitator's fee: 10% of value. Here is what a developer should actually evaluate before proposing terms: A specific, checkable unit benchmark. Sixteen flats minimum on 1,200sqm gives a concrete density target to model --- verify feasible floor count and permitted density with Lagos State planning before committing to a sharing ratio, since the 16-unit figure needs to be tested against actual buildable floor area, not accepted as automatically achievable. Certificate of Occupancy. A recognized title instrument. Confirm it's a full C of O and not a lesser instrument like the Governor's Consent or Elegushi C of O seen on comparable Ikate parcels --- title type materially affects how this parcel should be valued against the comparables above. Alma Beach Estate, Ikate. A named estate address with genuine proximity to the Ikate-Elegushi oceanfront corridor --- a real locational asset, but one whose actual premium over generic Ikate JV land needs to be demonstrated with this specific parcel's exact position, not assumed from the estate name alone. Open sharing ratio. The owner hasn't fixed the equity split --- genuine room for a developer to structure a ratio around their real construction cost basis, provided the underlying land valuation used to anchor that ratio is itself defensible. Combined 20% transaction cost on a disputed base value. The 10% premium and 10% facilitator's fee are both calculated on the ₦1.5B asking value --- meaning if that base value is inflated relative to the corridor's actual going rate, the fees compound the overpayment rather than simply sitting on top of a fair number. Why the comparables matter more than the address here. A developer proposing a sharing ratio against an inflated land value effectively gives away more of the completed development's equity than the land is actually worth. Anchoring the negotiation to the ₦419,463--₦650,000/sqm range already trading in Ikate --- and asking the seller to justify anything above it --- protects the developer's actual return before a single foundation is poured. The call to action 1,200sqm. Alma Beach Estate, Ikate, Lekki. ₦1,500,000,000 asking --- well above the ₦419,463--₦650,000/sqm range currently trading on comparable Ikate JV parcels. C of O. Minimum 16 flats. Sharing ratio open to proposal. 10% premium, 10% facilitator's fee. The buyer for this parcel is a developer who will not accept the asking value at face value, and who will require the agent or owner to justify it directly against the four comparables cited above before structuring any sharing-ratio proposal. Call or WhatsApp Smilebay Realties: +234 901 517 4801 and ask specifically: what justifies this parcel's per-sqm rate against comparable Ikate JV land currently trading at less than half this price? Serious developers only. Request the specific justification for the asking price, in writing, before proposing terms. The unit count is already set at a minimum of 16. The title is stated as C of O --- confirm that in writing before anything else. The number that actually matters isn't the asking price on this page. It's whether anyone can justify the gap between it and everything else trading two streets over. Land Type: Residential Land --- Joint Venture Size: 1,200 sqm Asking Value: ₦1,500,000,000 (≈₦1,250,000/sqm --- flagged as significantly above corridor comparables; verify justification before proceeding) Proposal Requirement: Minimum 16 flats Sharing Ratio: Open --- developer to propose Title: Certificate of Occupancy (C of O) --- confirm instrument type in writing Premium: 10% of value Facilitator's Fee: 10% of value Location: Alma Beach Estate, Ikate, Lekki, Lagos (Meadow Hall axis) NPC/Market Comparable Context (Ikate JV land): 1,200sqm, Ikate, Lagos C of O, 50/50 sharing --- ₦600,000,000 (≈₦500,000/sqm) 1,000sqm, behind Pinnacle Marwa, Ikate, Governor's Consent --- ₦650,000,000 + ₦50M premium (≈₦650,000/sqm) 1,192sqm corner piece, Itedo Estate off Freedom Way, Ikate --- ₦500,000,000 + ₦40M premium (≈₦419,463/sqm) 3,512sqm, Gbangbala St, Ikate, Governor's Consent, sand-filled --- ≈₦650,000/sqm (₦2,282,800,000) 10,000sqm, Alma Beach Estate, oceanfront, outright sale --- ₦700,000,000 (≈₦70,000/sqm) This listing: 1,200sqm, Alma Beach Estate, Ikate --- ₦1,500,000,000 (≈₦1,250,000/sqm) Posted: 31 August 2026 Listed by: Smilebay Realties Limited --- Ref: #364-931-7
Meadow Hall Axis, Ikate, Lekki, Lagos
Smilebay Realties Limited
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There are 314 available residential land joint venture in Nigeria. You can view and filter the list of property by price, furnishing and recency.