If you’re relocating back to Nigeria and want to know the 5 best places to live in Lagos, this guide is for you.
Lagos is the commercial capital of Nigeria and the 6th largest economy in Africa, according to available data on the Lagos State Government’s website. This saying holds as hundreds of buses filled with hopeful economic migrants from all parts of the country pull up at various parks in the city, eager to have a taste of the city.
Choosing and getting the right place to live in the city can be a little tasking, depending on several factors like your budget and personal preferences.
In this article, we’ll highlight the 5 best places to live in Lagos after relocating to Nigeria.
1. Banana Island
Banana Island is an artificial island off the foreshore of Ikoyi, secluded by design. The unique characteristic of Banana Island lies in its distinctive layout, inspired by the graceful curves of a banana.
Most A-list celebrities and businessmen live on Banana Island. Banana Island is the pinnacle of luxury living in Nigeria, with its breathtaking views, opulent estates, and top-notch facilities.
It is generally surrounded by a stunning and natural environment that is filled with beautiful scenery. Living on Banana Island gives you an opportunity to experience the ideal fusion of urban life and peaceful seclusion.
Additionally, Banana Island stands out as a unique location known for its uncontested status in Lagos, representing a symbol of opulence and accomplishment. It captures the attention of individuals, celebrities, and influential entrepreneurs who desire to live a life full of beauty, comfort, and utmost satisfaction.
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2. Victoria Island
Victoria Island is an ideal location, especially dominated by affluent members of society. It also serves as one of the top locations for large businesses and the headquarters of corporate companies.
It is a top choice to consider when looking for a place to settle in Lagos.
Victoria Island is also highly desired by professionals. Due to its luxurious residential and commercial properties, Victoria Island hosts major business districts, corporate offices, and financial institutions.
People who live in Victoria Island enjoy a luxurious lifestyle, which includes access to high-end restaurants, shopping malls, and venues for entertainment. Even if the cost of living is high, its neighborhood’s luxurious amenities and convenient location make it a desirable choice if you’re seeking a top-notch urban lifestyle.
3. Ikoyi
For a long time, Ikoyi has been attached to its uniqueness of being one of Lagos’s most prestigious locations in Lagos and that reputation still stands to date. If you are relocating back to Nigeria, one of the best places to live in Lagos is obviously Ikoyi.
It is located centrally, between Lagos Island and Victoria Island, and this means it is close to both business hubs and lifestyle spots. Ikoyi is generally filled with embassies, luxury apartments, quiet environments, and even a golf course.
It comprises a mixture of classic colonial homes and shiny new high-rises, giving the area a perfect combination of both classic and modern houses.
It is perfect for diplomats, entrepreneurs, and anyone who values access, prestige, and peace of mind.
4. Lekki Phase 1 & Environs
Lekki Phase 1 is considered a much better choice if you’re a bit younger or looking for somewhere with more vibrancy.
This part of Lagos is known for its top-notch entertainment lifestyle. From trendy cafes to rooftop lounges, beach resorts, coworking spaces, and boutiques, it’s got everything that makes city living fun.
Aside from the lifestyle, Lekki also gives a variety of housing options ranging from serviced apartments to duplexes, short lets, and gated mini estates.
And if Lekki Phase 1 goes beyond your budget, you can also consider closeby areas like Chevron, Ikate, and Ajah, which are solid alternatives with a lot of ongoing development.
5. Ikeja GRA
Ikeja is regarded as the central business district of Lagos. It houses most government parastatals, with both the Governor’s office and the government house located in Ikeja.
Ikeja is also a highly industrialized area with several companies and standard schools. It is considered to be one of the most organized parts of Lagos mainland, with tree-lined streets, solid infrastructure, and easy access to the international airport, government buildings, and malls like Ikeja City Mall.
There’s also a higher tendency to have fewer traffic congestions when compared to the Island. It is perfect for professionals, families, and returnees who want comfort, accessibility, and a quiet place without compromising on quality.

What to Consider When Choosing a Place to Live in Lagos.
When choosing a place to live in Lagos, there are several factors to consider and look into. These factors include:
Budget
In Lagos, the budget is a major factor to consider when choosing a place to live. The amount of money you have decides where you can live in Lagos. Banana Island, for example, is higher in price than Ikeja GRA and Lekki Phase 1.
Commute
Traffic congestion in Lagos is real and can be very stressful. Choosing a location closer to where you work and /or where your kids’ school is can help you save hours every week.
Lifestyle Fit
This entails the kind of lifestyle you look for. Which cuts across looking for a peaceful and quiet environment or a more social and active area.
If you’re looking for a quiet and peaceful environment, choose Banana Island or Ikoyi. However, if you’re looking for an energetic and fun-filled place, choose Lekki Phase 1.
Security
Some areas employ the services of private security while others make use of local patrols or community watch groups.
Infrastructure
It is important to verify the level at which there is a supply of power, water, and internet. These things can greatly influence a convenient and comfortable experience. All of the locations we mentioned in this article have these facilities.
Flood Risk
Unfortunately, there are certain locations in Lagos that get flooded easily. A typical example is Lekki and its environs. It is important to check, especially during the rainy season.
Community
The community is also a key factor to consider, depending on what type you find convenient. This cuts across your desire to either want an area close to parks and schools or an area close to the gym or coffee shops.
Also Read:
- How Much Does It Cost to Buy a Fully Detached Duplex in Lekki, Lagos?
- How to Maximize the Purchase of Distressed Sale Properties in Lagos
- Read This Before You Buy an Off-Plan Property in Lagos
Conclusion
Relocating back to Nigeria is an important decision and where you choose to live can shape your entire experience. Whether you are looking for quiet luxury, the social charm, or the energetic buzz, Lagos offers a different energy to different people depending on their individual lifestyle.
It is important to explore your options by connecting with real estate agents and, if possible, try to visit a few places before concluding.
Do you desire to buy this house in Lekki? Call or send a WhatsApp message to +2348134794494.
