The Size of Banana Island Banana Island occupies a sand-filled area of approximately 1,630,000 (1.6 million) square meters and is divided into 536 plots (of between 1000 and 4000 square meters in size). Banana Island, Lagos Real Estate is the most wanted area of houses in all Nigeria! [6] At launch flats in Ocean Parade sold for over US$400,000.[7]. Copyright © Stears News Limited 2021 All rights reserved. You may only share Banana Island has one of the highest density of millionaires within its boundaries.Banana Island is a man-made island in Lagos State, Nigeria that is slightly curved in shape – like a banana. The estate is also removed from the outside world; a gated community with only one major entrance. Residents are provided with world class utilities including underground electrical systems (versus the overhead cabling common throughout Lagos), an underground water supply network, a central sewage system and treatment plant, and street lighting and satellite telecommunications networks.[4]. “Victoria Island began to look less appealing as it became more commercial. Banana Island is an artificial isle near Lagos in Nigeria, where the most expensive houses in the whole country are situated. It is located in the Lagos Lagoon and attached to the North-Eastern Ikoyi Island by a dedicated road strip which is linked to the existing road network. Banana Island, is an area of Ikoyi, Lagos, Nigeria, 8.6 kilometers east of Tafawa Balewa Square and is part of the Lagos Local Government Area of Eti-Osa in Central Lagos. On the right side of the estate is the strictly residential area; mostly comprised of private homes while the left side is the mixed area, in use by for-profit businesses including 9mobile and Olaniwun Ajayi, as well as service stations and a few private houses. These amenities are not just available but are frequently maintained and upgraded. The residents of Banana Island may temporarily escape the dysfunction of Nigeria when they retreat to their homes, but they can never really leave it behind. Aliko Dangote. Announcing your plans is to supply your enemies with the ammunition ... they need to shoot down those plans. Iyabo Obasanjo. Banana Island, is an area of Ikoyi, Lagos, Nigeria, 8.6 kilometres east of Tafawa Balewa Square. Several estates in South Africa, UK etc are much more organized, and beautiful than banana Island, yet much cheaper. FOR SALE ON BANANA ISLAND, IKOYI: TASTEFULLY FINISHED 5 BEDROOM FULLY DETACHED HOUSE ON BANANA ISLAND, IKOYI, LAGOS 5 bedroom fully detached house on 950 Square Metre land. “At the very least there’s 20 hours’ worth of electricity in Banana Island,” says Chidi on the state of power in the Estate. You may not know Mr Oke, but you know his neighbours. Marketed by . 46 Likes 1 Share; Re: Banana Island In Pictures by Nobody: 9:45pm On Dec 12, 2014; The Rich-Poor gap is just too much. His most ambitious project was developing one of the first man-made islands in the world — Banana Island in Lagos, Nigeria, starting in the late ’70s. One of them is the calibre of people living in the estate. reaction from the average Nigerian. And if they could, they would detach themselves from Lagos Island and settle somewhere in the serenity of the Lagos Lagoon. The irony of Banana Island is its presence in a country where 62% of people live on less than $2 a day. He puts the average price of renting an apartment in the estate at $22,000 to $150,000 a year – depending on what end of the estate the house is located. Similar to many of the developments on the island, it has dedicated leisure facilities such as a private health club - with tennis courts, squash courts and a swimming pool surrounded by extensive gardens. banana island, Lagos, Nigeria GNEWS NIGERIA. The subsequent developers were principally interested in maximising the yield of the land at the expense of the aesthetic innovative design foreseen by Chief Adebayo Adeleke. Unfortunately for the Chief, as soon as he had reclaimed the land and the brilliance of the idea was unveiled, others were determined to wrestle the land from him, and the project was 'acquired' again with no consideration being paid to City Property Development Limited. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate. Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. A few more speed bumps and I finally get what many Nigerians crave - peace, quiet and civility. The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing [1][2] and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi neighbourhoods. Announce your victories instead. Starchitect Yamasaki's replica twin towers comprised the flagship iconic building on the main island. Following a lengthy 10 year court case, Lagos State government offered other parcels of land as consideration for the Maroko development. “Housing is quite highly priced in Banana Island, which is the way it was intended to be. Cooks don’t ring bells when they are cooking. What Banana Island looks like is what every street in Nigeria should be. by Eddie Mensa at 10:43am, Friday 15 January 2021 at 10:43am, Friday 15 January 2021. The comfort of the estate comes at a price, one the average Nigerian would find shocking. Every Real Estate in Nigeria posted on this site is verified by real estate agents in Banana Island, Ikoyi, Lagos. This property listing does not constitute property particulars.The information is provided and maintained by Agateval Nigeria Ltd. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website. Banana Island was built to function in a country that does not function. Banana Island, which is a prime land goal in Nigeria, is an exceptionally upscale private neighbourhood situated in Ikoyi on the Island of Lagos. Chief Adebayo Adeleke was an exceptional Nigerian visionary and philanthropist, unconcerned with the usual wealth acquisition of many of his contemporaries. We have a total of 588 House for rent in Banana Island Ikoyi Lagos updated on 19 Jan 2021 . Residents are aware of this; some embrace the exclusivity, others consider it with unease. Banana Island is a man-made island in Lagos State, Nigeria that is slightly curved in shape – like a banana. Banana Island has a standout amongst the most essential thickness of big shots inside its breaking points. 25 JUN 2018. This is Banana Island, Nigeria’s most exclusive estate, where secret passcodes are exchanged like in a bad spy movie. Every Real Estate in Nigeria posted on this site is verified by real estate agents in Banana Island, Ikoyi, Lagos. Since 1983, the 'acquisition' is currently being challenged in various courts, and there are Caveat Emptor warnings in place to warn prospective buyers that their investment could be at risk in future. A plot of land, for example, goes for nothing less than $1 million,” Ikenna asserts.*. Banana Island sits on approximately 1,630,000 square metres of land, which spills into the Lagos Lagoon, and has become a Nigerian version of Beverly Hills and Burj Khalifa. All of these things make the estate attractive and expensive,” says Ikenna on why property here is so expensive. Follow this Journalist on Twitter @AishaSalaudeen. That is thanks to an independent power plant, which directly supplies the estate with electricity. This article is about the geographic location. He had deals with McDonalds, Disney, and others, and sunk all his money into the project. Even though I expect the question, it still feels off guard. The Island is a planned, mixed development with dedicated areas for residential, commercial and recreational activities. It is a picture of what Lagos could be, if not in the future, but in another world. After confirming the magic word to another security guard, he waves me through. Banana Island is different. Today we are going to tell you about … Banana Island doit son nom à sa topographie en forme de Banane. “People are excited about it. Aliko Dangote. Stears Business content using our sharing buttons. Nigeria Property Centre (NPC) is a leading property website in Nigeria with property listings for sale, rent and lease. Banana Island, which is Nigeria’s answer to Paris’s Seventh Arrondissement, San Diego’s La Jolla, New York City’s Tribeca and Tokyo’s Shibuya and Roppongi, is a … We offer Nigerian property seekers an easy way to find details of property in Nigeria like homes, houses, lands, shops, office spaces and other commercial property. The developers also intend to develop a main piazza, a club-house, a primary and secondary school, a fire and police station and a medical clinic. Aliko Dangote is a Nigerian entrepreneur, investor and a business magnate. He wanted to create a development that would "Make Nigeria Proud", and engaged Minoru Yamasaki the architect of Manhattan's World Trade Centre 'Twin Towers' building. For Chidi and his family, Banana Island offered something rare in Lagos. At some point, there were too many clubs and businesses moving there. Chidi Oke says people perceive him to be lucky. Ironically, when the estate is most quiet, you can still hear the hustle and bustle of Lagos as you near the exit. One of Nigeria’s multi-billionaires, Globacom and Conoil Chairman, Mike Adenuga, the second richest man in Nigeria also lives in this estate…and it’s not a surprise that he is the biggest landowner in Nigeria’s most expensive area, Banana Island. Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. 10 Extremely Rich Nigerian Billionaires Who Live In Banana Island 1. You may not know Mr Oke, but you know his neighbours. You get this 'oh wow, you live in Banana Island?' I do laff wen pple say "dia is no money in Nigeria".in dis Nigeria we hav pple usin cars dat worth 28milion naira,we av pple livin in banana island.I will surely mak it in dis country called Nigeria by God grace. The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi … READ ALSO: Business … Enjoying any of these things make the estate comes at a price, one the average Nigerian.! South Africa, UK etc are much more organized, and beautiful than Banana Island offered something rare in State. 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