Off-plan property market intelligence: 20 active developments tracked, within its wider area.
Banana Island has 20 off-plan developments tracked on this platform, with 52 units on record (51 currently marked available). Verified prices average ₦5.54M per square metre across 30 unit prices. The median priced unit is ₦1.98B.
This summary is generated from our tracked data.
Price per square metre is based on verified unit prices with recorded floor areas. Figures are estimates based on tracked listing data and may not reflect final transaction prices. "Available" reflects each unit's status in our records.
The middle half of priced units in Banana Island cost between ₦1.12B and ₦2.39B.
| Unit type | Units | Share of units | Median price | Average size |
|---|---|---|---|---|
| 1 bedroom | 2 | 4% |
Too few prices | Too few sizes |
| 2 bedroom | 5 | 10% |
₦620M · 5 | 132 sqm · 5 |
| 3 bedroom | 12 | 23% |
₦1.12B · 8 | 237 sqm · 8 |
| 4 bedroom | 25 | 48% |
₦2.06B · 18 | 420 sqm · 19 |
| 5+ bedroom | 8 | 15% |
₦3.03B · 6 | 565 sqm · 7 |
The small figure beside each price or size is how many units it is based on. Units without a recorded price or floor area are left out of that column.
13 projects with a stated date; 7 with no date recorded. A year marked "date passed" means the stated completion date is behind us and the project is still listed as in progress.
Latest recorded stage for each project.
| Market | Projects | Avg per sqm | Against Banana Island | |
|---|---|---|---|---|
| Ikoyi | 97 | ₦5.41M · 154 | 2% lower | |
| Victoria Island | 66 | ₦3.74M · 125 | 33% lower |
The small figure beside each average is the number of verified prices behind it. Sub-markets overlap the wider area they sit inside.
These points are calculated from tracked data and update as the data does.
₦5.54M, based on 30 verified unit prices with a recorded floor area.
20 active developments and 52 units, of which 51 are currently marked available.
The median priced unit is ₦1.98B, and the middle half of priced units cost between ₦1.12B and ₦2.39B (37 priced units).
The most common unit type is the 4 bedroom (48% of units). Average floor area is 359 sqm across 41 units with a recorded size.
Of 13 projects with a stated completion date, the largest groups fall in 2026 (5), 2027 (3), 2028 (3). 7 have no date recorded yet.
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