[?] Subscribe To This Site

Updates

Investing

Buying & Selling

Rentals

Home Building

Lagos Nigeria

Shopping

Business

MLM Business

Training

Make Money

Jobs

Advertising

Health & Diseases

The Company

Resources

Luxury Homes Lagos Nigeria - Million Dollar Homes For The Rich

Luxury homes Lagos Nigeria - Luxury real estate in Lagos Nigeria are million dollar homes that are exclusively for the rich. These homes cost a fortune to rent or buy. And only the rich have the financial capability to rent or buy those category of Nigeria real estate.

That sounds like an unfair statement. But hey, that is the truth. Luxury homes in Lagos Nigeria have a price tag that can scare even the toughest of medium income earners.

Let me give you an idea of how expensive these luxury real estate are.

Ocean Parade Towers in Banana Island Ikoyi Lagos Nigeria is one good example of a suite of luxury homes or luxury apartments. The building comprises of eight floors with a penthouse serviced by two modern elevators. There are 3 bedroom flats as well as 4 bedroom flats in the building. There is also a . . .

shopping mall

Swimming pool

Lawn tennis court

Gym

1 room BQ

DSTV

CCTV

24hrs security

24hrs power supply powered by public utilities and standby generators

Perimeter fencing

. . . and more.

All of this is complimented with an alluring ocean view that wets and teases the imagination.

Beautiful, right?

Guess what it cost to rent this luxury real estate . . . $140,000 U.S. dollars per annum. And the potential tenant is required to pay two years rent in advance as well as a service charge of $17,000 USD per annum.

Now, that is money! Those are indeed million dollar homes!

Another good example of a luxury home is the Niger Towers complex in Ikoyi.

This suite of luxury flats is made up of three blocks - A, B, and C. Though it is less expensive than the Ocean Parade Towers, it is still within the financial bracket of the rich. It is one of those million dollar homes that scream, "Rent me If You Dare!"

Luckily, there are still luxury homes that cost less than the mighty Ocean Parade Towers and that expatriates and Nigerians with good budgets can afford without a complete shutdown of their bank accounts.

For example, we have a luxury 4 bedroom flat on Bourdillon road Ikoyi that cost $80,000 USD per annum with requirement to pay two years rent in advance and a service charge of 2.5 million Naira (about 17,000 USD) per annum. Lovely place but expensive for the middle class.

Obviously, million dollar homes are in good supply in Lagos Nigeria especially in the Victoria Island, Ikoyi, and Lekki axis of Lagos Nigeria. If you're up to it, Go For It. You will enjoy yourself big time.

However, if you're planning to stay only for a few weeks or months in Lagos, then you should actually go for vacation rentals.

Vacation rentals are apartments that accept payments for varying number of days or months. That is, the standard requirement to pay annual rent in advance is non-existent. You pay according to the duration of your stay.

Vacation rentals can be luxury homes or regular homes.

The peculiar thing about vacation rentals or shortlets is that vacation rentals are furnished apartments with all utilities provided. You just move in and enjoy yourself.

Ready to rent or buy million dollar homes?

Nigeria Telephone Directory

Real Estate Investing

Lagos Guide

Lagos Nigeria