Introduction
A high rise apartment in Ikoyi gives you privacy, comfort, and long term value in one of Lagos’s most desirable areas. People choose Ikoyi for quiet streets, strong security, and water views. Investors like the steady rental demand and appreciation. If you want both calm living and solid returns, this guide explains what to expect and how to choose the right building.
Why Ikoyi stands out for high rise living
Ikoyi sits close to Victoria Island and Lekki Phase 1. It has embassies, private hospitals, top restaurants, and shaded avenues. Many towers rise along Bourdillon, Gerrard, and Alexander. These locations give quick access to business districts, schools, and social spots. That mix supports both lifestyle and rental performance.
Calm and secure living
Most high rise apartments here offer:
- Controlled entry and CCTV
- Elevators
- Power backup
- Water treatment
- Parking space
- Gym and pool
- Concierge and cleaning support
You get light, views, and a quiet feel above the city.
Strong rental interest
Ikoyi attracts executives, corporate tenants, diplomats, and returnees. Furnished units in serviced towers get premium demand. With the right building and management, investors enjoy steady occupancy and healthy returns.
Market snapshot
Prices vary by building age, finishing, and floor level. Below is a general guide:
| Category | Typical Range |
|---|---|
| Older well kept high rise units | Mid hundreds of millions of naira |
| New luxury towers | Over one billion naira |
| Penthouses | Higher depending on size and view |
| Premium annual rent | Tens of millions of naira per year |
Some off plan options offer payment plans. Always check developer history and approvals before committing.
Where to focus in Ikoyi
Key streets
- Bourdillon Road
- Gerrard Road
- Alexander Road
- Lugard Avenue
- Cooper Road
- Banana Island (gated peninsula community)
Visit buildings in person when you can. Check lobby condition, hallway lighting, elevator speed, parking, drainage, and water quality.
Notable high rise buildings
Below are two developments that help set expectations for finishing, privacy, and serviced living in Ikoyi.
Mandilas Towers, Ikoyi
- Secure entry and CCTV
- Good parking and elevators
- Backup power and serviced management
- Calm residential setting
- Strong appeal for professionals and families
Tinuola Towers, Banana Island
- Located in gated Banana Island
- Contemporary interiors and finishing
- Pool, gym, and concierge
- Underground parking
- Strong appeal to premium tenants and diaspora buyers
Mandilas Towers vs Tinuola Towers
| Feature | Mandilas Towers | Tinuola Towers |
|---|---|---|
| Location | Central Ikoyi | Banana Island gated community |
| Design | Practical and comfortable | Modern luxury style |
| Amenities | Secure entry, elevators, backup power | Pool, gym, concierge, serviced facilities |
| Parking | Good resident parking | Underground parking |
| Ideal buyer | Professionals and families | Premium buyers and diaspora |
| Rental profile | Steady long stay tenants | Corporate and high income tenants |
| Investment angle | Stable yield and demand | Prestige, privacy, long term upside |
For diaspora buyers
High rise apartments are easier to manage compared to detached homes. Facility teams handle cleaning, power, and security. When you land in Lagos, your space is ready. When you travel, your asset stays safe and rentable.
Use verified agents and lawyers. Ask for virtual tours and proper documentation. Do not rush. Check developer history, approvals, and payment structure.
Investment view
Appreciation
Ikoyi has limited land and continues to attract high income buyers. Buildings that maintain strong services and modern upgrades tend to hold and grow value.
Rental yield
Units near business zones and waterfront areas rent well. Furnishing with clean modern interiors can lift returns. Good management protects tenant relationships and property value.
Service charge
Ask for:
- Annual service charge
- Power backup hours
- Water treatment system
- Cleaning and maintenance routine
- Parking allocation
- Guest access rules
Clear management builds long term comfort and asset value.
Checklist before buying
- Compare at least three buildings
- Visit at different times of day
- Review title and approvals
- Check elevator brand and servicing
- Inspect road access and drainage
- Confirm payment plan and timeline
- Ask about maintenance records
- Look at resale history in the same street
FAQ
Are high rise apartments in Ikoyi a good investment
Yes. They offer comfort, privacy, strong demand, and long term value.
What unit types are common
Two, three, and four bedroom units are common. Some buildings have duplexes and penthouses.
Can I buy from overseas
Yes. Many diaspora buyers use verified agents and lawyers. Request video tours and full documentation.
How do I judge service charge value
Check the budget, review the property condition, and if possible speak with current residents.
Is off plan a safe option
It can be safe with the right developer. Check past projects, approvals, and contract terms before paying.
Conclusion
A high rise apartment in Ikoyi offers comfort, security, and lasting value in one of Lagos’s most trusted neighbourhoods. Whether you are buying for your own use or as an investment, careful research and good guidance will help you choose well. When you are ready to explore options, Contact Kingford Homes for private tours and support.
