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Eko Atlantic City Property For Sale And Rent
Why Everyone’s Talking About Eko Atlantic City And Why You Should Be Too
Looking for a home that screams luxury and exclusivity?
Eko Atlantic City Victoria Island, Lagos, isn’t just another real estate development it’s a lifestyle revolution.
This isn’t hype; it’s the ultimate fusion of modern engineering, eco-conscious living, and world-class luxury.
With Eko Atlantic City houses for sale and Eko Atlantic City apartments for rent, you’re not just buying a property you’re securing a front-row seat to the future.
Picture this: glittering skyscrapers overlooking the Atlantic, a vibrant business hub buzzing with opportunity, and waterfront views that make every sunrise worth waking up for.
Now, imagine calling it home.
Yes, it’s real, and it’s waiting for you.
Don’t just take our word for it discover why this city is the crown jewel of Lagos.
Whether you’re an investor hunting for prime property or someone ready to upgrade your lifestyle, Eko Atlantic City is the answer you’ve been searching for.
Act now.
These opportunities don’t last forever.
Click here to explore your options and make the move that will redefine your future!
Eko Atlantic City Property For Sale And Rent
A & A Tower, Eko Atlantic City
KEY TAKEAWAYS:
- Unlock the Potential of Lagos with Eko Atlantic’s Unmatched Location: Eko Atlantic City sits on a massive 10 million square meters of reclaimed land, strategically placed next to Victoria Island and Lekki. Imagine owning property in the heart of Lagos’ booming real estate market with room for 300,000 residents and 200,000 daily visitors. Don’t miss out!
- Be Part of Eko Atlantic’s Rapid Growth: Phases 1 and 2 are already buzzing with infrastructure like roads, bridges, utilities, and the Great Wall of Lagos, which shields the city from coastal floods. The future is here and you can be a part of it.
- Exclusive Real Estate Opportunities — Get In Early!: Whether you’re interested in residential, commercial, or mixed-use properties, Eko Atlantic offers prime land starting at just $1,050 per square meter. With Phase 3 underway, now is your chance to secure your slice of this futuristic city.
- Huge Tax Benefits Await You in Eko Atlantic’s Free Zone: Imagine running your business without paying corporate tax, VAT, or customs duties. Eko Atlantic’s Free Zone status provides unrivaled financial advantages — it’s the perfect place to grow your investment. Don’t wait — capitalize on this unique opportunity today!
Houses For Sale In Eko Atlantic City
The Phoenix:
An elegant 27-floor tower offering spacious apartments with ocean views
Key Features of Eko Atlantic City:
- 24/7 independent power supply
- Water and wastewater treatment systems
- Access to fiber-optic communication
- Elevated street levels for basement parking
- A scenic 10.2 km waterfront promenade
Houses For Rent In Eko Atlantic City:
Land For Sale In Eko Atlantic City:
This city is a vision for the future of Lagos, blending innovation, commerce, and living spaces to create a dynamic environment.
In this article, I will explore what makes Eko Atlantic City an attractive investment destination, with a closer look at its real estate opportunities, costs, ongoing projects, and its place in Lagos’ economic landscape.
History and Background of Eko Atlantic City
Eko Atlantic City originated in 2003, responding to the environmental threats posed by the perennial flooding of Lagos’ Bar Beach.
The beach’s erosion caused severe damage over the years, washing away 8 to 14 meters of land annually.
With flooding continuously impacting the nearby Ahmadu Bello Way, it was evident that a solution was needed.
The vision for a modern city arose when plans were proposed to reclaim land from the ocean and construct a city on the shores of Bar Beach.
Eko Atlantic would not only provide a remedy to flooding but also offer an innovative residential and business hub.
In 2005, the Lagos State Governor, Bola Ahmed Tinubu, requested the federal government’s approval for the land reclamation, which was granted by President Olusegun Obasanjo.
Work began in 2008, with massive dredging and sand filling.
Over time, more international partners have joined in, including top Nigerian banks like FCMB and First Bank, capitalizing on the growth opportunities.
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Growth and Development of Eko Atlantic
The development of Eko Atlantic City is being carried out in phases.
Phases 1 and 2, covering 5 million square meters, are mostly complete.
These areas feature well-defined road networks, sidewalks, street lighting, and tree-lined avenues.
Phase 3, which is still under development, promises more infrastructure, including 14 major bridges and advanced utility services like stormwater drainage, water supply, and a fiber-optic cable network.
Notably, the iconic Great Wall of Lagos, a sea wall measuring 8.6 kilometers, protects the city from potential flooding caused by ocean surges.
The wall has been rigorously tested to withstand extreme weather events and serves as a reliable barrier to safeguard the city.
The Master Plan and Districts of Eko Atlantic
Eko Atlantic City is divided into several districts, each offering different types of living and business environments.
- Business District: This area is the commercial powerhouse of the city. Spanning 2 kilometers, the central boulevard connects businesses, retail spaces, and financial hubs, forming the backbone of Lagos’ corporate sector.
- Marina District: A serene residential and leisure hub, the Marina District offers a blend of waterfront living with views of sleek yachts and luxury residences.
- Downtown: The heart of the city, Downtown features a bustling urban atmosphere with easy access to services, entertainment, and transport.
- Eko Drive: This district serves as the main connection between Lagos and Eko Atlantic, featuring a combination of residential and commercial developments.
- Avenues: Known for its beautifully landscaped streets, Avenues connects key areas of the city, blending residential and commercial properties.
- Ocean Front: Primarily focused on residential housing, Ocean Front offers a range of homes with views of the Atlantic, catering to both long-term residents and tourists.
- Harbour Lights: This district combines commercial and residential properties with stunning views over the entrance to Lagos Harbour.
Real Estate Opportunities and Costs
Real estate in Eko Atlantic presents various investment opportunities.
The cost of land depends on location and size, with Phase 1 and 2 plots starting at $1,150 per square meter for larger plots (around 2,200 square meters).
Phase 3 offers land at $1,050 per square meter for smaller plots (around 1,200 square meters), ideal for low-rise residential developments.
Eko Atlantic is a mixed-use city, allowing for residential, commercial, and mixed developments, providing flexibility for investors.
Key Developments in Eko Atlantic
Eko Atlantic is not just a completed project; it is a city that continuously evolves.
Ongoing projects include high-rise residential buildings like
Eko Pearl Towers, which offer panoramic views of the ocean, and commercial ventures such as the
Alpha 1 Tower, is a 14-story building located in the Marina District. Furthermore, developments like the
Azuri Peninsula and Eko Energy Estate focus on luxury living and sustainability, paving the way for greener, more energy-efficient urban spaces.
Other notable projects include the
Key Ongoing Projects in Eko Atlantic
Arkland A&A Towers, High Gardens in the Harbour Lights district, and
The Phoenix—an elegant 27-floor tower offering spacious apartments with ocean views.
Cost of Living and Benefits in Eko Atlantic
Eko Atlantic offers residents numerous benefits, including
- 24/7 independent power supply
- Water and wastewater treatment systems
- Access to fiber-optic communication
- Elevated street levels for basement parking
- A scenic 10.2 km waterfront promenade
Moreover, Eko Atlantic operates as a Free Zone, providing tax incentives for businesses, such as zero withholding tax on dividends, corporate income tax exemptions, and more.
These benefits make Eko Atlantic an attractive location for both local and international investors.
Land Reclamation and Coastal Protection
At the heart of Eko Atlantic’s creation lies its coastal reclamation.
The city sits on what was once part of Bar Beach, a location plagued by severe erosion.
Over time, waves, tidal movements, and natural forces eroded much of the coastline, threatening both property and the city’s infrastructure.
To combat this, the developers have constructed a robust revetment around the reclaimed land, designed to protect against the erosive forces of the Atlantic Ocean.
Known locally as the “Great Wall of Lagos,” this barrier extends for over 8 km and serves as a vital defense mechanism.
A City Built for the Future
When completed, Eko Atlantic will consist of 10 districts, each designed to cater to different needs within the city’s vibrant ecosystem.
These include business, residential, and leisure spaces, all connected by modern transportation and energy systems.
It is anticipated that the city will provide over 3,000 buildings and 400,000 homes, including areas for high-rise apartments and low-rise residential units.
For those looking to invest, Eko Atlantic offers plots in varying sizes, price per square meter, depending on location and purpose.
Whether for residential or commercial use, these plots are an attractive option for both local and international investors.
Strategic Location and Economic Growth
Eko Atlantic is located adjacent to Victoria Island, one of Lagos’ most sought-after districts, and close to the Lekki Phase 1 area.
Its coastal position also positions it as a premier spot for businesses, especially those in the finance, commerce, and tourism sectors.
The city’s development is a collaboration between South Energyx Nigeria Ltd., private investors, and the Lagos State Government, with support from the federal government.
As a key component of Nigeria’s economic future, Eko Atlantic is set to provide much-needed infrastructure, job opportunities, and a modern urban lifestyle for residents and visitors alike.
From its offshore banking zone to the creation of new business districts, the project is designed to attract both local entrepreneurs and multinational companies seeking to establish a presence in West Africa.
The Price of Progress
Eko Atlantic’s land prices vary based on size and location, with plots in Phases 1 and 2 starting from approximately 2,200 m².
These areas are ideal for mid to high-rise buildings and are priced at around $1,150 per square meter.
In Phase 3, where low-rise residential housing is planned, land starts from 1,200 m², priced at $1,050 per square meter.
The flexible nature of the development means there is no maximum cap on the amount of land that can be purchased, allowing investors to shape their projects according to their needs.
Challenges and Controversies
Despite its ambitious goals, Eko Atlantic has not been without controversy.
Residents have raised concerns about the environmental impact of the project, particularly regarding ongoing construction and its potential to exacerbate coastal erosion in surrounding areas.
Critics have also pointed to incidents such as the 2012 Atlantic Ocean surge that caused damage and loss of life, leading some to question the sustainability of the project.
However, with the backing of both the private sector and government authorities, the city’s developers continue to push forward, focusing on mitigating these risks and creating a resilient, long-term urban solution for Lagos.
A Vision for Lagos’ Future
As it nears completion, Eko Atlantic is not just a real estate project; it is a symbol of progress for Lagos and Nigeria.
The city’s combination of cutting-edge infrastructure, strategic location, and forward-thinking design is making it one of the most exciting developments in Africa.
Whether you’re considering a residential or commercial investment, Eko Atlantic stands as a beacon of opportunity in Lagos’ dynamic real estate market.
FAQs about Eko Atlantic City:
1. What is Eko Atlantic City?
Eko Atlantic is a state-of-the-art city being developed on reclaimed land next to Victoria Island and Lekki, designed to be a sustainable, mixed-use urban area with residential, commercial, and leisure spaces.
2. Where is Eko Atlantic City located?
Eko Atlantic City is located along the coastline, adjacent to Victoria Island and Lekki in Lagos, Nigeria. It’s easily accessible from the mainland via the Eko Bridge.
3. Who is developing Eko Atlantic City?
Eko Atlantic is privately funded by South Energyx Nigeria Limited, a subsidiary of the Chagoury Group of Companies, with support from both the Lagos State and Federal Government.
4. What is the total size of Eko Atlantic City?
The city will span 10 million square meters when fully completed, but as of now, around 6.5 million square meters have been reclaimed.
5. What kind of properties are available in Eko Atlantic City?
Eko Atlantic offers a variety of properties, including residential homes, commercial spaces, mixed-use developments, and luxury apartments in different districts like the Business District, Marina District, and Downtown.
6. What are the benefits of investing in Eko Atlantic as a Free Zone?
As a Free Zone, Eko Atlantic offers tax exemptions such as zero VAT, zero corporate income tax, and no customs duties. This makes it an attractive location for both businesses and investors.
7. How much does land cost in Eko Atlantic City?
Land prices in Eko Atlantic range from $1,050 to $1,150 per square meter, depending on the phase and location of the property.
8. Can foreigners buy land or property in Eko Atlantic City?
Yes, Eko Atlantic is open to foreign investors, offering various incentives like access to the Free Zone benefits, making it a prime choice for international buyers.
9. What infrastructure is available in Eko Atlantic City?
The city features advanced infrastructure, including well-designed roads, bridges, utilities (water, electricity, sewage), fibre-optic communication, 24/7 power supply, and even a 10.2 km long waterfront promenade.
10. Is Eko Atlantic City safe to live and work in?
Yes, Eko Atlantic is designed with safety in mind. The Great Wall of Lagos, a massive sea revetment, protects the city from coastal flooding, and the city’s infrastructure includes modern security systems to ensure a safe living and working environment.
Final Thoughts:
Eko Atlantic is more than just a city it’s the future of Lagos.
The question is, are you ready to be a part of it?
With its strategic location, cutting-edge infrastructure, and unbeatable tax perks from being a Free Zone, this is an investment opportunity you simply can’t ignore.
Whether you’re looking for a home or a business space that stands out, Eko Atlantic offers a world of potential.
But, with prices starting at just $1,050 per square meter in Phase 3, these opportunities won’t last forever.
Don’t wait for tomorrow make your move today and secure your place in one of Africa’s most exciting real estate developments!
Eko Atlantic represents a new chapter in Lagos’ history, offering a solution to the city’s expanding population and the challenges of coastal erosion.
With its state-of-the-art infrastructure and strategic location, it is well on its way to becoming a thriving business and residential hub in West Africa.
As development continues, this vibrant city is sure to attract attention from investors and residents alike, eager to be part of a bold new future for Lagos.
Yes, Eko Atlantic is undoubtedly the future of Lagos real estate.
This ambitious project is transforming the city’s skyline and offering opportunities for residential and commercial development.
Whether you’re looking to invest in a luxurious home or a high-rise office space, Eko Atlantic presents numerous opportunities for growth.
With modern infrastructure, a sustainable design, and a vibrant economy, Eko Atlantic is poised to become the beating heart of Lagos.
Eko Atlantic, officially known as Nigeria’s International Commerce City, is quickly becoming a focal point for real estate growth in Lagos, Nigeria.
Built on land reclaimed from the Atlantic Ocean, this planned city is poised to be a hub for business, residential, and recreational activities.
With an anticipated population of 250,000 residents and 150,000 daily commuters, Eko Atlantic promises to reshape Lagos’ skyline and coastal landscape
