Eko Atlantic, the privately developed city rising from reclaimed land along the Atlantic coastline in Lagos, is tightening its grip on Nigerias luxury real estate market. The district, developed by the Chagoury Group founded by Nigerian-Lebanese billionaire Gilbert Chagoury and his brother Ronald, recorded a 59.5 percent increase in property sales over the past five years, according to data compiled by property intelligence firm Estate Intel.
The rise places Eko Atlantic at the top of Lagos high-end residential market, outpacing established luxury neighborhoods that have long attracted the citys wealthiest buyers. Over the same five-year period, prime residential areas across Lagos delivered annual price growth in naira ranging from 38 percent to 60 percent, thus reflecting the resilience of demand despite currency pressure and broader economic uncertainty.
Buyers favor planned, secure districts
