The Famous Banana Island

Banana Island, which is Nigeria’s solution to Paris’ Seventh Arrondissement, San Diego’s La Jolla, New York City’s Tribeca and Tokyo’s Shibuya and Roppongi, is a little man-made island in the Ikoyi neighborhood of Lagos.

Finished in 2000, it’s a tycoons’ heaven populated by the nation’s most extravagant and most notable families, who relish its tranquil, quiet environment a long way from the clatter and hordes of Lagos, the country’s biggest city and monetary focus.

Its name comes from its particular shape.


The 1.63-million-square-meter sand-filled island in Lagos Lagoon is somewhat more than 5 miles east of Tafawa Balewa Square, the business and stately heart of Lagos. A committed street associates it to an organization of streets close to Parkview Estate. First Avenue in the north and Second Avenue in the sound consolidation and go around its edge.

Value Range

As in the remainder of the country, land costs on Banana Island depend on the worth of the land, which as indicated by Roberta Nouboue, overseeing overseer of Madingwa Real Estate, is NGN400,000 (US$1,101 per square meter).

Ms. Nouboue said costs for disengaged houses, which seldom please the market in light of the fact that there are very few on the island, start at NGN1 billion (US$2.75 million). The most costly posting now available, NGN5 billion, is for a six-room segregated house on 2,600 square meters of land, she said.

She added that four-room, single-family patio/condos that are on normal 400 square meters and are on 1,000 square meters of land for the most part range from NGN350 million to NGN500 million.

One current posting, she said, is for NGN750 million. That is the cost for every one of the twin apartments on 600 square meters of land.

The island additionally has three conspicuous townhouse advancements: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments.

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“There are a greater number of lofts and patio houses than isolates single-family homes since land is so scant and land costs are so high,” Ms. Nouboue said. “The majority of them are claimed by people and leased to occupants who pay NGN25 million to NGN30 million yearly.”

She said it’s feasible to purchase a unit for about NGN363 million “since esteem has dropped altogether over the most recent three years with the depreciation of the naira. It’s illicit to advertise land in anything besides naira.”

Of the three condominium advancements, Ocean Parade is viewed as the most first rate, she said, due to its numerous conveniences, which incorporate tennis courts, an Olympic-size pool, two rec centers and youngsters’ territories.

Lodging Stock

As initially arranged, Banana Island was to be a super selective area of single-family confined domains isolated into 535 property plots that went from 1,000 to 4,000 square meters. House statures were to be covered at three stories.

The principal homes were based on the south side of the island, yet as land costs soar as the years progressed, skyscraper apartment suite improvements were based on the north side, which likewise houses the territory’s business hallway. There are three blended utilize elevated structures—the Adunola, the most seasoned, and Lakepoint Towers and Desiderata, which were underlying the most recent two years.

“The main houses that were constructed are in British and Dubai customary styles,” Ms. Nouboue said. “They are exceptionally conspicuous and have decent gardens. The more current ones are more present day, with straight points, and they are less lengthened on the grounds that they are on less land.”

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Purchasers have a decision of two-to four-room en-suite pads, maisonettes and porch houses, added Charles Onyenze, a partner at Knight Frank. “Ordinarily, an exceptionally enormous level of homes are redone, while a couple are huge bequests obliging various model houses,” he said.

Pools, Ms. Nouboue said, are very well known. What’s more, practically every house has a rec center, she added.

Apartment complexes, Mr. Onyenze said, come completely loaded with conveniences that incorporate fitted kitchens, stroll in-closets, radio frameworks, security reconnaissance frameworks and reserve generators.

What Makes It Unique

Excellence and disengagement set Banana Island apart.

“Banana Island is a piece of paradise in boisterous Lagos,” said Ms. Nouboue, adding that the island has two parks. “It offers security, peacefulness and protection. To get to the island, you need to go through a security entryway. It’s by greeting as it were.”

She added that on the grounds that there isn’t a lot of vehicle traffic, “you can run in harmony.”

Mr. Onyenze said the island’s security organization, acceptable streets, day in and day out road lighting and closeness to the waters of Lagos Lagoon make it uncommon.

It likewise offers status. “Having a presence in Banana Island means that your cultural class,” he said.

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Extravagance Amenities

Despite the fact that Banana Island’s central avenue offers minimal more than a bistro, a barbershop and a huge store, stylish shopping zones and cafés on Victoria Island are just a 12-minute vehicle ride away.

“Victoria Island resembles Manhattan,” Ms. Nouboue said.

Her number one cafés incorporate NOK by Alara, which serves new African food; Z Kitchen, which offers delicious steaks; and R.S.V.P., which has practical experience in global dishes.

“R.S.V.P. is an extraordinary spot to go on Friday evenings,” she said. “It’s exquisite, and they welcome the greatest DJs on the planet. They serve mixed drinks, and there’s a pool.”

For workmanship, occupants head to Ikoyi, which is five minutes away via vehicle. It is home to Arthouse Contemporary, a nearby sales management firm; the Wheatbaker inn, which holds workmanship displays and craftsmanship related occasions; and the Nigerian National Museum, which includes the best in Nigerian workmanship.

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Ikoyi likewise is a shopping objective. Selective shops incorporate the purse purveyor Zashadu, the high-style clothier named for the Nigerian fashioner Ejiro Amos Tafiri, and the practical/popular attire plans of Gray.

Ms. Nouboue likewise lauded Alara, the Victoria Island shop that observes African art. “It’s a wonderful idea store planned by planner David Adjaye, and it has everything from design to decorations,” she said.