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Land Prices in Lekki, Ajah, and Ikoyi: A 2025 Guide for Investors
Land Prices in Lekki, Ajah, and Ikoyi: A 2025 Guide for Investors
by Dennis Isong
If you’re thinking of buying land in Lagos this 2025, three names will almost certainly pop up in your research—Lekki, Ajah, and Ikoyi. These locations are more than just popular; they’re strategic hotspots in the Lagos property market. Whether you’re a first-time investor or someone looking to expand their portfolio, understanding the land prices in Lekki, Ajah,
and Ikoyi is crucial for making smart decisions.
But let’s be honest, Lagos real estate isn’t what it used to be. It has changed—dramatically. The days when you could buy land in Lekki for peanuts are long gone. But even now, despite the rising prices, opportunities still exist for those who know where to look and how to act fast.
Why These Three Locations Matter
Let’s start with why Lekki, Ajah, and Ikoyi remain top contenders for land investment in 2025. Lagos is moving. Not physically, but in value, vision, and volume. Infrastructure developments, rising population, tech hubs, and a steady influx of both local and diaspora investors have transformed Lagos from just another city into a regional economic powerhouse.
Now, Lekki is no longer that quiet area with bad roads and bushy paths. It’s home to the Lekki Deep Sea Port, Dangote Refinery, and several residential estates that could pass for cityscapes in Dubai. Ajah, just a short drive away, has become the middle-class darling. And Ikoyi? Ikoyi is still Ikoyi—old money, elite appeal, and luxury everything.
What’s Really Happening to Land Prices in 2025?
Let’s take a look at the reality on ground.
In Lekki, especially in areas like Lekki Phase 1, Chevron, and the new Lekki Free Trade Zone axis, land prices have been climbing gradually but steadily. As of early 2025, prices in Lekki Phase 1 range from ₦500,000 to ₦1.2 million per square metre, depending on the specific street, title, and access to infrastructure. Lands in Chevron and Orchid Road axis are slightly less expensive but catching up fast. If you’re looking at the Ibeju-Lekki corridor, expect anything between ₦10 million and ₦25 million per plot, depending on proximity to the expressway and development.
Ajah remains a middle-ground option for savvy investors. It’s not as pricey as Lekki Phase 1, but it’s also not exactly cheap. The Sangotedo axis, Abraham Adesanya Estate, and Badore areas have witnessed a spike in demand due to improved road access and urban sprawl. In 2025, land prices in Ajah typically hover between ₦20 million to ₦60 million per plot, depending on the estate, title, and nearness to major landmarks. You won’t find ridiculous bargains anymore, but with the right guide (yes, someone like me), you can still spot a sweet deal before it becomes public knowledge.
Ikoyi, on the other hand, is a different ballgame. It is not for the faint-hearted or small-budget investor. The entry point is high, and the bar keeps rising. You’ll find land prices ranging between ₦1.5 million to ₦3 million per square metre, and that’s on a good day. Locations like Banana Island, Bourdillon, and Osborne Foreshore Phase 2 continue to attract top-tier investors, diplomats, and high-net-worth individuals. If you have the money and the patience to go through proper documentation and title verification, owning a piece of Ikoyi can be one of the most rewarding decisions you make in your lifetime.
What Influences the Price Differences?
Now, why such a difference in land prices between Lekki, Ajah, and Ikoyi?
One word: Value. But value is influenced by multiple things—title, infrastructure, security, social class, and future potential. For instance, a plot with a Certificate of Occupancy or Governor’s Consent in Lekki will cost significantly more than a plot with just a receipt and survey plan in Ajah.
The government’s road expansion projects, proximity to business hubs, and the rise of luxury developments also influence prices. In 2025, people are paying more not just for the land, but for the lifestyle and convenience the land offers. A cornerpiece plot near the Lekki Conservation Centre may cost more than a same-sized plot further down the same road simply because of its visibility and commercial potential.
Should You Still Buy Land in These Areas in 2025?
Absolutely—but do it smartly.
If you wait for the “perfect time,” you might end up pricing yourself out. The truth is, there’s rarely a perfect time. Lekki still has a few pockets of underpriced lands—especially in the Free Trade Zone area and around Eleko junction. Ajah remains ideal for middle-income earners who want a blend of comfort and affordability. And Ikoyi, while expensive, offers long-term capital appreciation and prestige that few other areas can boast of.
The game has changed, yes. But the rules remain the same: buy in growing locations, verify titles properly, and work with a professional who knows the terrain.
Be Wary, But Don’t Be Afraid
Yes, the market has scammers. Yes, you need to double-check documents. But that’s not a reason to fold your arms and watch land slip away. If anything, it’s a reason to be more proactive. It’s 2025, and technology now allows for better verification, safer transactions, and transparency like never before.
You don’t have to break the bank. You just need to position yourself early. The person who bought land in Sangotedo in 2020 is smiling in 2025. In five years’ time, people will say the same thing about those who buy today.
A Word from Someone Who’s in the Trenches
I’ve seen people cry tears of joy and tears of regret in this business. Those who took bold but smart steps often end up celebrating. Those who hesitated or tried to cut corners usually return with “had I known” stories.
So if you’re seriously considering investing in land in Lekki, Ajah, or Ikoyi, don’t just read guides and scroll through listings. Talk to someone who understands the terrain, has walked the streets, asked the hard questions, and seen the real documents.
And yes, that someone could be me. You see, land isn’t just land in Lagos. It’s a story, a future, a retirement plan, a legacy. Whether you want to build now or land-bank for a few years, knowing the land prices in Lekki, Ajah, and Ikoyi will help you make wiser decisions in 2025.
News
Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit
Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit
The Chairman, Adron Homes and Properties Limited, Aare Adetola Emmanuel-King, has reiterated the company’s unwavering commitment to Nigeria’s cultural diversity and traditional institutions during a courtesy visit to the Alaafin of Oyo, His Imperial Majesty, Oba Abimbola Akeem Owoade I.
According to the Adron CEO, the visit reflects the company’s belief that national development must be anchored on respect for heritage, culture, and indigenous authority across all ethnic nationalities.
“Nigeria’s greatest strength lies in its diversity. At Adron Homes, we recognise that culture and tradition are not obstacles to development, but the very foundation upon which sustainable progress must be built,” Emmanuel-King stated.
He emphasised that Adron Homes’ engagement with traditional institutions is inclusive and nationwide, cutting across regions and ethnic lines as part of its broader vision for unity and shared prosperity.
“Our respect for traditional institutions is not limited to any one region. We honour royal fathers across Nigeria because they are custodians of our identity, values, and social stability,” he added.
The Adron Chairman noted that the company’s expanding footprint across several states continues to contribute to housing delivery, job creation, and economic empowerment, while aligning modern real estate development with indigenous values.
“We remain committed to building communities that serve present needs without eroding the cultural heritage that future generations must inherit,” Emmanuel-King said.
He further reaffirmed Adron Homes’ readiness to support initiatives that promote cultural preservation, tourism, and community development, stressing that collaboration between the private sector and traditional institutions is vital for inclusive national growth.
In his response, the Alaafin of Oyo, Oba Abimbola Akeem Owoade I, commended Adron Homes for recognizing culture and tradition as pillars of development, offering royal prayers for the company’s leadership, continued success, and the peace and unity of Nigeria.
The visit concluded with royal blessings and goodwill, reinforcing Adron Homes’ position as a corporate brand committed to cultural solidarity, inclusivity, and a diverse future for Nigeria.
News
Adron CEO Reaffirms Support for Nigeria’s Diverse Cultures, Traditional Institutions
Adron CEO Reaffirms Support for Nigeria’s Diverse Cultures, Traditional Institutions
The Founder and Chairman of Adron Homes and Properties Limited, Aare Adetola Emmanuel-King, has reaffirmed the company’s unwavering commitment to the preservation and respect of Nigeria’s diverse cultures and traditional institutions, describing them as vital partners in sustainable national development.
Speaking after a landmark courtesy visit to the House of Oduduwa on Tuesday, 6th January 2026, hosted by His Imperial Majesty, Kabiyesi Arole Oduduwa, Olofin Adimula, the Oonirisa of Ife, HIM Oba Adeyeye Enitan Babatunde Ogunwusi, CFR, Ojaja II, the Adron CEO stressed that the company’s engagement with royal institutions transcends ethnicity and regional boundaries.
According to Aare Emmanuel-King, Adron’s collaboration with traditional authorities is not limited to Yoruba land, but reflects a broader national philosophy that recognises the importance of all ethnic cultures and custodians of heritage across Nigeria in fostering unity, stability, and development.
“At Adron Homes, we believe that land is sacred and that development must be carried out with deep respect for culture, history, and traditional authority — not just in the South-West, but across every region of Nigeria,” he said.
The Adron CEO highlighted the company’s extensive footprint nationwide, noting its contributions to housing delivery, job creation, and economic empowerment across multiple states. He added that meaningful development thrives best when modern enterprise works in harmony with indigenous values and institutions.
As part of Adron’s long-term vision, Aare Emmanuel-King also announced plans for a landmark luxury estate project, ORISUN WHITE PARADISE RESORT, spanning over 200 acres in Ile-Ife, designed to blend modern luxury with cultural identity and tourism.
He expressed appreciation to Kabiyesi Oonirisa for the warm reception and royal blessings, describing the visit as a historic milestone that reinforces Adron Homes’ position as a corporate brand committed to cultural respect, inclusivity, and sustainable development across Nigeria.
News
Pelican Valley Estate drives CSR via widows outreach
Pelican Valley Estate drives CSR via widows outreach
Pelican Valley Nigeria Limited, a real estate company, through its foundation, Oko Opo Foundation, has reinforced its corporate social responsibility drive on Boxing Day as its flagship Pelican Valley Estate in Abeokuta hosted a large-scale outreach providing healthcare, financial assistance and educational support to widows.
In a statement, it was noted that the Oko Opo Widows Foundation, a non-profit organisation which caters for widows, orphans and less privileged members of society, has been lending helping hands to widows in the last three years, filling the void left by the departure of their husbands, and wives, as in the case of widowers.
It stated, “In carrying out this selfless service, the Foundation has established partnerships with well-meaning individuals and organisations, secured donations and grants and provided support to numerous beneficiaries as it focuses its programmes on education, healthcare and economic empowerment.”
The Founder, Dr Babatunde Adeyemo, who also doubles as the Chief Executive Officer of Pelican Valley Nigeria Limited, described the gathering as a significant milestone in the journey to empower widows, orphans and the less privileged in society.
He noted that it was a time to celebrate not only the foundation’s achievements but also the resilience and determination of its beneficiaries, pledging to remain unrelenting in making a positive impact in the lives of people.
“We celebrate the widows who have found hope again, the orphans who have discovered a sense of belonging, and the less privileged who have been given succour. Philanthropy is borne out of a passion for lifting widows and the less privileged,” he said, adding that it is devoid of any political undertone.
He pledged to build houses for widows and fund free legal service for any widow facing persecution, injustice or being denied her rights in her matrimonial home due to the loss of her husband.
Adeyemo said, “Over the past year, Oko Opo Foundation, a non-governmental and not-for-profit organisation established to rekindle the hope of widows, has worked tirelessly to provide support and resources to those who need it most.
“As I reflect on our journey so far, I am reminded of the passion and commitment that drove me to establish this Foundation. As a journalist and entrepreneur, I have seen firsthand the impact of poverty and inequality on our society. I have witnessed the struggles of widows and orphans, and I have felt the weight of responsibility to make a difference.
“Oko Opo Foundation was born out of this sense of responsibility. Our mission is to rekindle hope in the lives of widows, orphans and the less privileged. We aim to provide them with the support and resources they need to overcome their challenges and achieve their goals. Let me assure you that the Oko Opo Foundation will not relent in its noble efforts to rekindle hope and advocate for the improved welfare of widows, orphans and the less privileged in our society. I, personally, will continue to work tirelessly, using every resource at my disposal, to empower the needy. We also want to seize this medium to appreciate the contributions of donors, partners and volunteers who have made our work possible. As we look to the future, I am excited about the prospects ahead. We will continue to innovate and expand our programmes, seeking new and better ways to serve our beneficiaries.”
According to the statement, the widows had earlier received free medical screening and counselling for non-communicable ailments such as hypertension and blood sugar level, with necessary drugs provided for them courtesy of the Foundation’s medical outreach, as was the case in 2024.
It added, “Among the women that shared their soul-lifting stories yesterday about how Adeyemo brought succour to each of them through the Foundation was Mrs Titilope Adewunmi, widow of the late Ekiti State indigene, Wale Adewunmi, who practised journalism all his life in Ogun State before his demise in the middle of last year.
“Adewunmi narrated that the help was timely, happening just as she was about to head to a burial ground in Abeokuta with tearful eyes for the interment of her late husband when the call that changed her life and that of her first daughter came from the Oko Opo Foundation, informing her that she had been placed on a stipend for six months with free medical service in any hospital in the town at the expense of the Foundation. To cap it all, she said she was also informed that one of her children would be supported to further his/her education up to the university level.”
– PUNCH
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