Why More Nigerians Are Moving to Ibeju-Lekki: The Future of Real Estate in Lagos

Over the past decade, Lagos has grown into one of Africa’s most vibrant megacities. But with this growth comes congestion, rising property prices, and a search for new frontiers of development. Increasingly, Ibeju-Lekki has become the spotlight for real estate investors, homebuyers, and even diaspora Nigerians looking for secure investments.

In this blog, we’ll explore why Ibeju-Lekki is called the “New Lagos,” the trends driving its growth, and what this means for anyone considering buying property in Lagos today.

1. Lagos Real Estate: A Market That Never Sleeps

• Lagos remains Nigeria’s economic hub, with over 20 million residents.

• As the population grows, the demand for housing and commercial spaces continues to rise.

• Prime areas like Lekki Phase 1, Victoria Island, and Ikoyi have become overcrowded and unaffordable for many.

This has naturally shifted the spotlight to emerging neighborhoods like Ibeju-Lekki, Abijo, Epe, and Sangotedo.

2. Why Ibeju-Lekki is the New Lagos

The nickname “New Lagos” didn’t come by accident. Ibeju-Lekki is rapidly transforming thanks to mega-projects and infrastructure:

• Lekki Free Trade Zone (LFTZ) – Attracting international and local businesses.

• Dangote Refinery – Africa’s largest oil refinery, providing jobs and boosting demand for housing.

• Lekki Deep Sea Port – A game-changer for trade and logistics in West Africa.

• Proposed International Airport – Expected to connect Lagos to global markets faster.

Each of these projects creates ripple effects for property demand and value appreciation.

3. The Lifestyle Appeal: From Busy Lagos to Peaceful Living

For many Lagosians, escaping the city’s hustle is priceless. “New Lagos” offers:

• Cleaner environment compared to the mainland.

• Proximity to the Atlantic Ocean, beaches, and resorts.

• A balance of urban living and natural greenery.

This has made the area attractive not just for investors but also for young families, retirees, and professionals.

4. Investment Trends You Should Watch

Affordable Luxury

New estates in Ibeju-Lekki offer luxury apartments and terraces at a fraction of Victoria Island prices.

Flexible Payment Plans

Unlike older parts of Lagos where payments are outright, many developers in Ibeju-Lekki now allow 6–18 month payment plans.

Example: At TBIL Property, projects like Peak Phase Two Apartments (Oribanwa, Awoyaya) and Peak Terrace 2 (Abijo) offer initial deposits from just ₦5M, making homeownership easier.

Diaspora Investment Boom

Nigerians in the UK, US, and Canada are investing heavily in Ibeju-Lekki real estate because it offers security, growth potential, and rental income opportunities.

5. Comparing Ibeju-Lekki With Other Hotspots in Lagos

Clearly, Ibeju-Lekki offers the best mix of affordability and appreciation potential.

6. What to Look Out for Before Buying Property in “New Lagos”

To avoid common pitfalls:

• Check land titles (Excision, Governor’s Consent, C of O).

• Verify developers and estate companies.

• Consider estates with existing infrastructure like roads, drainage, and security.

• Factor in documentation and development levies when budgeting.

7. How to Get Started Without Stress

Buying property in Lagos can be overwhelming, but with the right partner, it becomes seamless.

At TBIL Property, we provide:

• Verified properties with secure documentation.

• Flexible payment options.

• Guidance for diaspora investors who want safe transactions.

Explore estates like Peak Terrace 2 (Abijo) and Peak Phase Two Apartments (Awoyaya) starting from ₦25M – ₦50M with as little as ₦5M deposit.

Ibeju-Lekki represents the future of Lagos real estate. With ongoing infrastructure projects, lifestyle benefits, and rising demand, now is the perfect time to secure property in this fast-growing corridor.

Whether you’re a first-time buyer, seasoned investor, or diaspora Nigerian, Ibeju-Lekki gives you a chance to own a piece of the New Lagos before prices skyrocket.