Eko Atlantic is a 10 million square metre mixed use city constructed on reclaimed land adjacent to the Lagos coast. The project was designed by South Energy Nigeria Limited, a project of the Chagoury Group and started in 2008. The project, which is expected to be fully completed in about 2035, is intended to accommodate more than 250,000 residents making it one of the most ambitious master-planned city projects privately funded in Africa.
The luxury residential segment in Eko Atlantic is characterized by a unique ecosystem. Luxury residential properties in Lagos have experienced impressive sales price growth in naira, averaging 38%–60% annually over the past five years, mainly fueled by sustained demand from high-net-worth individuals owing to the brand equity that the project has built since it broke grounds.
From our perspective, one of the defining edges of Eko Atlantic is its fully integrated infrastructure and Free Zone status which offers tax incentives, regulatory support, and Lagos State-backed sublease. The residential market in Eko Atlantic is led by Arkland Properties with more than 220 units, alongside Eko Development Company (the developers of Eko Atlantic itself) and Eko Pearl. With luxury apartments priced between $659,400 and $5 million, Eko Atlantic targets ultra-HNIs, particularly, diaspora and institutional investors. With major corporate relocations and over 21 pipeline developments totaling 2,500+ units with many already 50% pre-sold, investor confidence remains strong despite some projects remaining at conceptual stages.
In this article, we will be discussing the top 7 residential developments that we find interesting in Eko Atlantic and what makes them unique.
Eko Pearls Tower, Eko Atlantic - Fortren & Company Eko Pearl Towers , located about 500 meters from Lagos’s financial hub in Eko Atlantic , provides residents with premium urban amenities, advanced infrastructure, and panoramic Atlantic Ocean views.
The development comprises five residential skyscrapers: Eko Black Pearl (24 floors) and Champagne Pearl (33 floors), both completed, while White Pearl (31 floors), Indigo Pearl (33 floors), and Aqua Pearl (24 floors) are under construction. Collectively, the completed towers have set a benchmark for luxury living in Eko Atlantic, delivering over 560 one- to three-bedroom apartments, including duplexes and terrace penthouses, alongside amenities such as tennis courts, swimming pools, and health clubs.
Azuri Towers, Eko Atlantic - Fortren & Company Azuri Towers is a landmark in Eko Atlantic City’s development. Azuri One, at 33 floors and 146 meters, is the tallest residential building in Nigeria and West Africa, while Azuri Two has 29 floors and similarly luxury-focused units. Together, the towers offer 130 apartments, including three- and four-bedroom units and six-bedroom penthouses.
Key Amenities include:
Olympic-sized swimming pool and children's pool State-of-the-art gym and wellness spa Sauna, game rooms, and screening facilities 27,000 square meters of office space in the adjacent tower Retail mall on the first two floors Four levels of residential parking Private Elevators. Azuri Towers offers 360-degree unobstructed views, ensuring no tower blocks another. The development promises a 6% annual rental return , making it an attractive investment. Initially priced at $207,000, current values have risen significantly, with units now reaching up to $5 million .
Le Reve Tower, Eko Atlantic - Fortren & Company Le Rêve is a next-generation luxury residential development in Eko Atlantic City. The 16-floor tower comprises 54 exclusive units , each offering panoramic views of the harbor, the Atlantic Ocean, and the Victoria Island skyline. Its standout features include spacious maisonettes and a financially attractive investment model.
Three-bedroom maisonettes starting at $550,000 Four-bedroom maisonettes starting at $730,000 Four-bedroom triplex penthouses on three floors Penthouse apartments up to 450 sqm with rooftop garden Unique Features include:
Smart home technology used throughout the development Personalization of interior design for off-plan buyers Luxurious finishes with the highest quality international standard materials used Gym, swimming pool, and children’s play area This is the lowest density residential tower in the city. Construction started in late 2022 with piling works. Actual construction works started in 2024. Completion is scheduled for Q4 2026. The unique selling point of the development is the diaspora investor and the corporate executive. They will be looking for a USD-denominated transaction and high capital appreciation.
Phoenix Tower, Eko Atlantic - Fortren & Company Phoenix Tower is a standout ultra-luxury residential development in downtown Eko Atlantic City. The 122-unit tower comprises 120 three-bedroom apartments located on floors 6 to 25 , with six units per floor, and two exclusive penthouses occupying the top two floors.
Key Amenities include:
Swimming pool with sun deck Wellness spa and sauna State-of-the-art fitness center Children's play area 24-hour concierge service High-speed elevators Comprehensive security systems Phoenix Tower is a prime residential option in downtown Eko Atlantic City, offering some of the largest three-bedroom units in the district, with 195 sqm and 215 sqm layouts. The apartments feature well-proportioned designs that maximize natural light and ventilation, while the tower’s strategic location provides easy access to both the Marina waterfront and the Central Business District.
A & A Tower, Eko Atlantic - Fortren & Company The A&A Tower is the second residential project by Arkland Properties and Investment in Eko Atlantic. The 23-storey luxury development had reached the 19th floor by March 2025, with final construction and pre-sales underway, and is scheduled for completion by Q4 2026.
Investment Proposition:
Oceanfront location with a panoramic view of the Atlantic Ocean 70% deposit payment and the balance paid within 3-6 months Three-bedroom apartments measuring 163 sqm each Price from $684,600 (₦984 million) for higher floors Certificate of Occupancy title document The architectural design of the A&A Tower was developed by professional experts in the field. The experts focused on the aesthetics of the building, ensuring that the living spaces are maximized to their full potential. The interior living spaces of the A&A Tower include air conditioning, washing machines, an emergency fire system, and fully equipped kitchens.
The One, Eko Atlantic - Fortren & Company The One is a 226-unit mid-rise luxury development in Eko Atlantic City, positioned as a signature residential landmark in Lagos’s emerging seaboard district. Targeting affluent buyers and investors, it offers premium 3- and 4-bedroom apartments and exclusive penthouses, designed with elegant layouts, contemporary finishes, and superior comfort to deliver both lifestyle appeal and long-term value.
Key Amenities Include:
Infinity pool and leisure deck State‑of‑the‑art fitness center and wellness spaces Multi‑purpose community lounge and resident club Children’s play zone and landscaped green spaces Concierge services and dedicated residential parking 24/7 security, power backup, and smart home infrastructure The development is designed to deliver comfort, privacy, and panoramic coastline views through thoughtful orientation and façade design, attracting strong early investor interest given its prime location in Eko Atlantic. Initially launched with competitive off-plan pricingabout $140,000 for one-bedroom units, $200,000 for two-bedrooms, and $350,000 for three-bedrooms values have since appreciated significantly, with comparable luxury apartments in Eko Atlantic now typically listed between $285,000 and $690,000 and higher in the resale market.
Caspian Heights, Eko Atlantic - Fortren & Company Caspian Heights is a 21-storey luxury residential tower in Eko Atlantic City, officially launched with a groundbreaking ceremony in January 2026. The development features one- to four-bedroom apartments designed to maximize natural light and offer panoramic views of the Atlantic coastline and Lagos skyline, reflecting strong confidence in the district’s upscale urban future.
Key/Planned Amenities:
Swimming pool Fitness centre Landscaped outdoor areas Advanced security systems High‑speed elevators Dedicated residential parking These features are designed to meet modern luxury standards and attract both local and international buyers. Although official pricing for Caspian Heights has not been fully disclosed, the development targets high-net-worth individuals and professionals seeking premium homes in one of Lagos’s most desirable new districts, underscoring continued investor confidence in Eko Atlantic’s long-term potential.
Why we love these projects
Eko Atlantic stands out in Lagos’ real estate landscape for several compelling reasons. Infrastructural certainty sets it apart, offering 24-hour power, access to potable water, high-speed fiber-optic internet, and modern drainage systems—amenities that are often inconsistent elsewhere in the city.
As a designated Free Zone, it also provides significant regulatory advantages, including tax incentives, streamlined approvals, and enhanced legal protections not available in other parts of Lagos. The area’s track record of capital appreciation is equally impressive, with land values rising from $133k per plot in the early 2000s to over $1.5million today.. Eko Atlantic spans only 10 million square meters of development where quality is paramount this creates a highly sought-after investment destination.
Finally, the growth of a corporate ecosystem further reinforces its appeal: as large corporations establish a presence, executive housing, retail, and lifestyle facilities naturally follow, creating a self-reinforcing cycle that enhances both the vibrancy and long-term value of the area.
Final thoughts
The leading residential projects in Eko Atlantic represent more than luxury real estate, they signal a structural shift in how Lagos is built. Backed by private capital and coordinated infrastructure. They deliver international-standard living while offering strong prospects for capital appreciation, rental income, and exposure to Nigeria’s expanding affluent class. As commercial activity deepens, these developments are positioned to anchor West Africa’s emerging financial hub marking a decisive turning point in Lagos’ urban evolution.
We love your feedback. Let us know what you think about these projects by sending an email to advisory@fortrenandcompany.com . You can also join the conversation here on LinkedIn .
