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Eko Atlantic: A Look Nigeria's Most Expensive Place To Live

This is the Lagos Atlantic City, a proposed city by the Lagos State Government. Imagine a city where everything works which includes the drainage, power and a serene environment, then this city might likely be a place to be but with a warning, make sure your pocket is well loaded.

According to an earlier post by AutoReportNG, as at 2010, lands are reportedly to cost within $825 to $1660 per square meter. A rep of the company sent this when someone made an inquiry into their lands 9 years ago and she said...

Eko Atlantic City is being built on a planned 10-square-kilometer (3.8-square-mile) stretch of land that’s being reclaimed from the Atlantic Ocean, Ronald Chagoury, chairman of South Energyx Nigeria Ltd., said in a May 23 interview in the commercial hub. When the final project is complete, as many as 250,000 people are expected to live in the development, where a three-bedroom apartment could cost almost $1 million, according to online property listings.

"Plots are currently available for sale. Plot sizes start at 2000 square meters and up, and have a starting price of $825 (#302,000) and go up to $1660 (#606,000) per square meter (please note we do accept the equivalent in Naira). Prices are determined by where your land is in location to water.

The first building in this city is Eko Pearl Towers, the first residential development in Eko Atlantic City, is a set of high-rise buildings, privately owned and developed by the leading Eko Pearl Construction Company. The development which is situated about 500 meters away from the financial center of Lagos on Eko Atlantic City, consists of five high rise residential towers, each topped with deluxe penthouse types, two & three bedroom apartments exuding a luxurious home experience with a view of the Lagos coastline.

The Great Wall of Lagos has reached a total length of 6.5km of the planned 8.5km it will eventually achieve.

Eko Atlantic City as a whole has also progressed tremendously. To date over 6,500,000 square metres of land have been reclaimed.

Recently, a group of people went on tour to this place and they got some exciting visuals of this emerging city from the ocean.

Image Credit: Adedeji Olalekan (@Stylomedia), Eko Atlantic


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