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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.
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Adron Homes Chairman Hosts NSE Ibeju-Lekki Executives, Explores Strategic Partnership
The newly approved Ibeju-Lekki Branch of the Nigerian Society of Engineers (NSE), which recently emerged as the 91st branch of the Society, has paid a courtesy visit to the Chairman/CEO of Adron Homes and Properties Limited, Sir Aare Adetola EmmanuelKing KOF, at the company’s headquarters.
The delegation of engineers, led by Engr. Olufemi Dare, FNSE, the Chairman of the Branch, described the visit as a strategic step towards strengthening relationships with corporate organizations that have consistently upheld professionalism and structural integrity in their projects.
In his remarks, Engr. Dare praised Adron Homes for its exceptional commitment to quality housing delivery across Nigeria and beyond, emphasizing that the company’s reputation for structural integrity and innovation in real estate development stands as a reference point for engineering excellence. He further informed the Adron Chairman that the branch would be conferring an award of recognition on him at their forthcoming official inauguration ceremony, in acknowledgment of his outstanding contributions to housing development and infrastructural growth in Nigeria.
The discussions also explored potential partnership opportunities between NSE Ibeju-Lekki and Adron Homes in areas relating to engineering, professional development, and sustainable housing innovations.
Responding, the Chairman of Adron Homes, Sir Aare Adetola EmmanuelKing, warmly welcomed the delegation and expressed delight at the prospect of a lasting partnership. He acknowledged the critical role engineers play in national development, while also noting the numerous challenges facing the engineering sector in Nigeria. He stressed that these challenges can only be surmounted by engaging qualified and dedicated professionals, a principle upon which Adron Homes has built its reputation.
According to him, “Engineering is the backbone of any meaningful infrastructural advancement, and as developers, we cannot afford to compromise on professionalism. This is why i am excited about this partnership and look forward to building a mutually beneficial relationship with NSE Ibeju-Lekki branch.”
The NSE Ibeju-lekki delegation included Engr. Tiramisu Bello, MNSE (Vice Chairman); Engr. Omolola Adetola, FNSE (General Secretary); Engr. Taiwo Musa, MNSE (Assistant General Secretary); Engr. Ayodele Agunloye, MNSE (Financial Secretary); Engr. Opeyemi Olabisi, MNSE (Technical Secretary); Engr. Oluwadare Raji, MNSE, among several others.
On the part of Adron Homes, the Chairman was joined by key members of the executive team, including Adenike Ajobo, Managing Director; Tolani Roberts, Deputy Managing Director, Business Investment and Development; Mr. Kunle Ifeanyi Konwea, Director of Brand and Communications; Maureen Echefu, Chief Press Secretary, among others.
The visit not only highlighted Adron Homes’ enduring commitment to professional engineering standards, but also set the tone for a new chapter of collaboration between the real estate giant and the newly inaugurated NSE Ibeju-Lekki Branch, with both parties pledging to drive innovations that will redefine housing and infrastructural development in Nigeria.
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Aare Adetola EmmanuelKing Congratulates Hon. Adesola Ayoola-Elegbeji on Election Victory
The Chairman/CEO of Adron Group, Sir Aare Adetola EmmanuelKing KOF, has congratulated Hon. Adesola Ayoola-Elegbeji on her resounding victory in the just concluded by-election for the Remo Federal Constituency seat in the House of Representatives.
In a goodwill message issued by him, he described the victory as “a historic moment for the Remo people, coming at a time when the constituency yearns for a leader with vision, courage, and genuine commitment to service.”
He noted that the outcome of the election was an attestation to the trust and confidence reposed in Hon. Ayoola-Elegbeji by the people, adding that her sterling qualities, integrity, accessibility, and compassion for the grassroots had endeared her to the electorate.
“The overwhelming support you garnered at the polls is proof that you are the right voice at the right time to carry the aspirations of Remo to the national stage,” he stated.
While acknowledging that the by-election followed the painful demise of the late Hon. Adewunmi Oriyomi Onanuga (Ijaya), Aare Adetola EmmanuelKing said Hon. Ayoola-Elegbeji’s emergence symbolizes the continuity of purposeful representation. He expressed confidence that she would not only sustain the legacy of her predecessor but also surpass it with new energy, innovative ideas, and progressive leadership.
The Adron Group Chairman further prayed for divine wisdom, strength, and compassion for the Member-Elect as she assumes office, expressing confidence that her tenure will usher in meaningful development, economic empowerment, and greater opportunities for the people of Remo Federal Constituency.
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Federal High Court Rules in Favour of Adron Homes Over Estate Management Rights
In a legal victory for Adron Homes, the Federal High Court sitting in Abeokuta, Ogun State, has dismissed the suit brought by the Registered Trustees of the City of David Residents Association (CODRA) and five others, Elder Gbadebo Aromolaran, Mr. Adetokunbo Adeshile, Mr. Olaolu Ayinde, Olusegun Aba Yomi Esq, Oluwadamilare Awokoya Esq, against Adron Homes and Properties Limited.
The case, Suit No. FHC/AB/FHR/58/2023, was presided over by Hon. Justice Abiodun J. Adeyemi, who, after an exhaustive review of the claims and evidence presented, found the Applicants’ allegations to be unsubstantiated, speculative, and without merit.
The Applicants had alleged that Adron Homes infringed on their right to personal liberty. However, the court held that they failed to present any credible evidence showing that Adron Homes posed any threat or committed any act constituting a breach of their fundamental human rights.
Hon. Justice Adeyemi noted that there was no record or proof of any invitation, arrest, or action traceable to Adron Homes that could justify such a claim. He concluded that the allegations were merely speculative and unsupported by evidence.
On the claim of proscription and infringement of the Applicants’ right to freedom of association, the court ruled emphatically that Adron Homes has no power to proscribe CODRA or prevent residents from associating. However, in a critical clarification, the court affirmed that while residents are free to associate among themselves, the legal right to own, manage, and make administrative decisions concerning the estate remains vested in Adron Homes, as the rightful developer and manager.
Justice Adeyemi stressed that the court’s decision was guided strictly by evidence and the law, not by conjecture or subjective interpretation. Consequently, the Applicants’ case was dismissed in its entirety.
Despite Adron Homes’ victory in the lawsuit, the organisation’s true victory is in ensuring the well-being and satisfaction of all its subscribers and residents, and they will not relent in guaranteeing this.
This landmark judgement not only vindicates Adron Homes but also reaffirms its position as a law-abiding, customer-focused developer dedicated to delivering value and protecting the interests of its clients.
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