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Lekki Phase 1 Lagos’s Ultimate Place to Invest, Live, Work, and Play That You Need To Know in 2025
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FAQs:
Is Lekki Phase 1 Safe for Families?
Yes! Gated estates with 24/7 security are the norm here.
Crime rates are lower than in areas like Ajah or Ikorodu, but always stay vigilant avoid walking alone at night, and invest in a home security system.
Why Are Lekki Phase 1 Property Prices So High?
Blame infrastructure like the Lekki Deep Sea Port and the upcoming Lekki-Epe Airport, which attract investors.
A plot of land here costs ₦1 billion double what it’d cost in Osapa London.
How Bad Is Lekki Phase 1 Traffic?
Rush hour (7–10 AM, 5–8 PM) turns the Lekki-Epe Expressway into a parking lot.
Pro tip: Use the Lekki-Ikoyi Link Bridge or wait for the Lagos Green Line rail (launching 2026) to ease congestion.
Can I Afford to Live in Lekki Phase 1 on a Middle-Class Budget?
Yes. Renting a 3-bed flat costs ₦8 million/year, and utilities add ₦150k/month.
For cheaper options, try Lekki Phase 2 or Sangotedo, where prices drop by 40%.
What Makes Lekki Phase 1 a Good Real Estate Investment?
High rental yields (up to 8% annually) and appreciation from projects like the Lekki Free Trade Zone. Luxury apartments near Admiralty Way resell fastest.
Where Can I Enjoy Nightlife in Lekki Phase 1?
Hit THE BLVD for cocktails, 34.26 Lounge for live music, or Landmark Beach for sunset parties.
Avoid weekends if you hate crowds!
Does Lekki Phase 1 Flood During Rainy Season?
Sadly, yes. Poor drainage causes knee-deep floods in areas like Osapa London.
The government’s Drainage Master Plan promises fixes, but pack rain boots till then.
Are There Good Schools in Lekki Phase 1?
Absolutely! Lekki British School and Caleb International charge ₦4.5–7 million/year.
For budget-friendly options, look toward Ikate or Chevron Drive.
What’s the Best Way to Find Short-Term Rentals?
Airbnbs near Freedom Way start at ₦170k/night for flats.
For luxury villas, Marock Apartments or Vintano Hotel.
Will the Lekki-Epe Airport Boost Property Values?
100%. The airport (slated for 2027) will connect Lekki to global hubs, making it a hotspot for expats and businesses.
Investors are already snapping up land nearby.
Lekki Phase 1. Ah, Lekki Phase 1! Just the name conjures images of luxury cars, upscale boutiques, and that Lagos “hustle” mixed with high-end living.
Is it the most sought-after neighborhood in Lagos?
For many, it is.
This area has a reputation for high-end amenities and a prime location.
Understanding Lekki Phase 1
So, what exactly is Lekki Phase 1?
It’s that prime piece of real estate on the Lekki Peninsula in Lagos.
The Lekki Lagoon borders it to the north.
Ikate lies to the east, and Victoria Island to the west.
A Brief History: From Slum to Luxury
Lekki’s transformation is nothing short of dramatic.
Maroko, a slum with limited economic opportunities, was cleared in the 1990s for redevelopment.
Colonel Raji Rasaki, the then-military State Governor of Lagos, initiated this.
This decision wasn’t without controversy.
However, it paved the way for the high-end residential and commercial district we know today.
Location and Accessibility
Lekki Phase 1 benefits from its proximity to Victoria Island and Ikoyi.
These are major business, financial, and residential districts in Lagos.
The Lekki-Epe Expressway is a major transportation route.
The Lekki-Ikoyi link bridge helps to reduce traffic.
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Real Estate in Lekki Phase 1: Finding Your Dream Property
Ready to find your dream property? Lekki Phase 1 offers a range of options.
- Houses: Detached duplexes, semi-detached duplexes, terraced houses, and townhouses.
- Flats/Apartments: From cozy studios to luxury apartments.
- Land: For those looking to build their custom dream home.
Here are average property prices as of early 2025:
- Houses for Sale: ₦450,000,000
- Flats for Sale: ₦240,000,000
- Land for Sale: ₦1,000,000,000
- Short Let Houses: ₦250,000 per day
- Short Let Flats: ₦170,000 per day
- Houses for Rent: ₦20,000,000 per annum
- Flats for Rent: ₦8,000,000 per annum
Some popular estates and neighborhoods include Barolla Estate, Central Lekki Estate, Palm Garden, and Millennium Estate.
Freedom Way and Admiralty Way are also prime areas.
Features and Amenities
Expect common amenities like 24-hour electricity and all rooms en-suite.
Many properties also feature “boys’ quarters” (staff accommodations).
For luxury, look for private swimming pools, large gardens, and smart home features.
Real Estate Investment Analysis
Investing in Lekki Phase 1 real estate can be lucrative.
Factors driving property value appreciation include prime location and infrastructure projects.
The Lekki Deep Sea Port and Lekki-Epe International Airport will likely further boost property values.
Finding an Agent/Developer
- Tips: Look for reputable agents with a proven track record.
- Property Listing Websites: Check out PropertyPro and Nigeria Property Centre.
Airbnb and Shortlet Rental Information
If you’re visiting, consider an Airbnb.
You can get an airbnb in this area for about 45 dollars to 166 dollars per night.
You can find rentals all throughout Lekki Phase 1, but the finest may be close to the water.
Lifestyle and Amenities: Living the Lekki Phase 1 Life
Social Life and Entertainment
Lekki Phase 1 is buzzing with social life.
The nightlife is vibrant with popular bars and clubs like 34.26 Lounge and THE BLVD.
There’s a huge number of eateries, food joints and restaurants.
Shopping Centers and Retail
The Palms Shopping Mall offers restaurants, game centers, retail boutiques and cinemas.
Other malls include Season One Mall and Hubmart Stores.
Arts and Culture
Don’t miss the Nike Art Gallery, which is said to be the largest of its kind in West Africa.
It houses over 7,000 artwork collections.
Recreation and Leisure
Elegushi Royal Beach is a popular spot.
Upbeat Recreation Centre offers a trampoline park.
Education: Schools in Lekki Phase 1
Lekki Phase 1 boasts quality education.
Options include Lekki British School and Caleb International School.
The Cost of Living in Lekki Phase 1: Is It Worth It?
Living in Lekki Phase 1 comes at a premium.
- Rent/Mortgage: High.
- Utilities: Can be expensive, though some areas have better electricity.
- Groceries: Higher prices compared to the mainland.
- Transportation: Fuel, ride-hailing services.
- School Fees: High, reflecting the quality of education.
- Recreation and Entertainment: Abundant but can be pricey.
Is it worth it?
That depends on your priorities.
The lifestyle and amenities are a major draw.
Addressing the Challenges: Traffic and Flooding
Traffic Congestion
Traffic is a known issue.
The Lekki-Ikoyi link bridge helps, but peak hours can be challenging.
Planned infrastructure like the Lekki-Epe International Airport may alleviate traffic in the future.
Flooding
Lekki faces perennial flooding problems.
Land reclamation practices have filled water basins.
Ensure any property you consider is not flood-prone.
Drainage System
The drainage system needs improvement.
The government may have plans to improve this.
Safety and Security
Many estates offer gated communities and security personnel.
Crime rates are generally lower compared to other parts of Lagos.
Police and fire services are available.
Lekki Phase 1 and the Future: Growth and Development
Lekki Free Trade Zone (LFTZ)
The Lekki Free Trade Zone aims to be a modern city.
It will have industries, commerce, real estate, and more.
It will impact Lekki Phase 1 through job creation and economic growth.
Lekki Deep Sea Port
The Lekki Deep Sea Port boosts Nigeria’s harbor capacity.
This will create jobs and opportunities.
Sustainability Initiatives
The Lekki Conservation Centre promotes green spaces.
Consider waste management programs and recycling initiatives.
Future Projects
Keep an eye on the Lagos Arena completion in December 2025.
Also watch for the Lekki-Epe International Airport and the Green Line of the Lagos Rail Mass Transit.
Community and Social Dynamics
Lekki Phase 1 has a mix of residents.
This includes wealthy, middle-class, and working-class individuals.
Consider community initiatives and local organizations.
Voices of Lekki Phase 1: Personal Stories and Interviews
Living in Lekki Phase 1 is an experience.
One resident, Integrity, noted the stark differences between Ajegunle and Lekki.
Emma, another resident, highlighted the sophisticated lifestyle but cautioned about the “forming” and drainage issues.
Mike, who works in Lekki, praised the nightlife and opportunities.
Essential Information for Visitors
Getting Around
Ride-hailing services are readily available.
Accommodation
Consider hotels like George Residence and Vintano Hotel.
Short-term rentals via Airbnb are another option.
Things to Do
Visit the Nike Art Gallery and Lekki Conservation Centre.
Also, check out Landmark Beach and Upbeat Recreation Centre.
Why so expensive?
Blame it on infrastructure projects like the Lekki Deep Sea Port and upcoming Lekki-Epe International Airport.
Investors are betting big, and prices reflect that.
Popular estates like Barolla and Palm Garden offer 24/7 power, private pools, and smart homes—perfect for Lagos’s elite.
Pro Tip:
Work with agents from platforms like Kelechii Nwaorgu of Marock Resources to avoid scams. Always verify land titles “Omo-onile” (land grabbers) are still a headache here.
Living the Lekki Life: Where to Eat, Shop, and Play
Lifestyle Hotspots
- Nightlife: Sip cocktails at Lounge or dance at THE BLVD.
- Dining: Try the grilled prawns at RSVP Lagos or the vegan bowls at Terra Kulture.
- Shopping: The Palms Mall houses Zara, Shoprite, and a cinema.
- Culture: Explore traditional Yoruba art at the [Nike Art Gallery.
Nature
Lekki Conservation Centre: Walk the 401m canopy bridge (if you’re brave enough!).
The Cost of Living: Is Lekki Phase 1 Worth It?
Let’s break it down:
| Property Type | Sale Price (₦) | Rent (Annual ₦) | Short-Term (Daily ₦) |
|---|---|---|---|
| Detached House | 450,000,000 | 20,000,000 | 250,000 |
| Flat/Apartment | 240,000,000 | 8,000,000 | 170,000 |
| Land (per plot) | 1,000,000,000 | N/A | N/A |
| Expense | Monthly Cost (₦) |
|---|---|
| Rent (3-bed flat) | 666,666 |
| Utilities (power, water) | 150,000 |
| Groceries | 200,000 |
| School Fees (Caleb Int’l) | 375,000 |
| Netflix & Chill | 3,600 |
Compared to Ikoyi or Victoria Island, Lekki Phase 1 is slightly cheaper but still 40% pricier than mainland areas like Surulere. For many, the trade-off (less traffic, better security) justifies the cost.
Traffic, Flooding & Security: The Not-So-Glam Bits
Traffic Jams: “Lagos’s Signature Experience”
Peak hours (7-10 AM, 5-8 PM) turn the Lekki-Epe Expressway into a parking lot.
The Lekki-Ikoyi Link Bridge helps, but hope for the Lagos Green Line rail (launching 2026) to ease the pain.
Flooding: When the Rains Come
Poor drainage turns streets into rivers.
Recent upgrades (like the Lagos State Drainage Master Plan) aim to fix this, but till then, buy a canoe (kidding… sort of).
Safety
Gated estates with armed guards are the norm.
Crime rates are lower than Ajah or Ikorodu, but avoid flaunting iPhones at night.
The Future: Lekki Phase 1 in 2030
1. Lekki Free Trade Zone: Factories, tech hubs, and 20,000+ jobs.
2. Lekki Deep Sea Port: Africa’s largest port, boosting trade.
3. Lagos Arena: A 12,000-seat stadium for concerts and sports.
Fun Fact: The upcoming Eko Atlantic City (a Dubai-like project) could make Lekki Phase 1 look like a bargain!
Conclusion
Lekki Phase 1 is a dynamic, evolving neighborhood. It offers luxury living, abundant amenities, and investment opportunities. However, it also presents challenges like high costs, traffic, and flooding.
Is Lekki Phase 1 the right choice for you? Weigh the pros and cons carefully. Consider what’s most important to you.
Share your experiences or ask questions in the comments below. Contact real estate agents or developers for more information. Do more research and due diligence. Good luck!
Final Verdict: Should You Move Here?
Pros: Safety, luxury, proximity to business hubs.
Cons: Cost, traffic, occasional floods.
If you’ve got the budget, Lekki Phase 1 offers a lifestyle few Lagos neighborhoods can match.
But for middle-class families, areas like Lekki Phase 2 or Sangotedo might be smarter.
Got questions?
Drop a comment below or reach out to us.
And if you’re visiting, book a stay at Marock Residences our poolside brunch is chef’s kiss.
Properties For Sale And Rent In Lekki Phase 1
(1) Brand new 4Bedrooms semi detached duplex with a room bq off Chris maduike Lekki phase 1 (suitable for commercial or residential use)
Rent:25m x 2years
(2) 5bedrooms semi detached suitable for commercial (Rear building) off Chris maduike
Rent :30m
(3)Mini flat suitable for office use directly on fola osibo
Rent:5.5m
(4) 4Bedrooms with a room bq **NOTE (2 TENANTS IN A COMPOUND)* off Babatunde anjos street lekki phase 1
Rent:15m
(5)Self serviced 3bedrooms flat with a room bq off fola osibo street Lekki phase 1
Rent:10m x 2years
Utility service charge:400k
(6) Shared apartment at orchid road
Rent:1.5m
(7)Brand new 4Bedrooms terrace with a room bq at Ologolo Direct instructions
Rent:10m
(8)Difference sizes of shop space directly on Grace Anjos Lekki phase 1 available for rent.
(9) Small office space off African Lane
Rent:2m
PROPERTY FOR SALE
(1) Brand new 4Bedrooms terrace at Pinnacle station by Marwa axis
Price: 400m
(2)8 units of TERRACE house of 4 bedrooms and a room boys quarter.
It has two garages for each unit
24 hours light
Corporate security
Transformer
Gardens
Title consent
Price 200m each
Location Jibowu by yaba.
(3)6 bed room fully detached 2 storey building
2 bq
Water view with swimming pool and 8 car park space. Two living rooms
It has a two lounge and a gym by the water view.
in a serviced estate with gym football pitch and tennis
Location orchid road
Title:c of o
(4)For sale in lekki1 off Omorinre Johnson: Brand New 2 nos of five bedroom detached houses plus bq. One in front, one at the back with a drive in. Title CofO. Both houses are at the roofing level. Price 600,000,000.00 each.
PROPERTY FOR SALE IN PERIWINKLE ESTATE, LEKKI PHASE 1, LAGOS
1. Property Description
– A well finished Three (3) – Bedroom flat, in a luxury apartment block
– All rooms ensuite
– Fitted Kitchen
– One (1) room BQ
2. Amenities include;
– Concierge
Services
– 24/7 Electricity
– Swimming pool
– Gym
3. Security The estate is well secured with good security measures
4. Location
Periwinkle Estate is located on Freedom Way, Lekki Phase 1
Price:370m
