Ikoyi has some of the most opulent residential facilities in Nigeria and is thought to have the most expensive real estate on the entire African continent, with the average new apartment selling for N120 million (around US$1 million). However, due to the limited available land, many of these are vertical apartment buildings.

The rent for a luxury three-bedroom apartment in Ikoyi is between $45,000 and $80,000 (N5.2m and N9.3m) annually. Five years ago, it was between $10,000 and $30,000 (N1.16m and N3.5m) per annum. An acre (six standard plots) in Banana Island, Parkview Estate and Osborne Road in Ikoyi now sells for between N400m and N450m. Five years ago, it sold for between N50m and N150m. Nexus Nigeria [1] a real estate website operating from Ikoyi offers property purchase, sale and leasing opportunities.

This development is a radical departure from Ikoyi's original design, which was originally composed of modest single-family residences with large gardens. Considering the lack of constant electricity, pipe-borne water, and general decay in basic infrastructure that is typical of Lagos, concerns have been raised as to whether Ikoyi has the necessary road and water infrastructure to continue to sustain this type of development.

Ikoyi includes the newer suburbs of Banana Island, Parkview Estate, and Dolphin Estate.

Would Luanda break Ikoyi 's unemero UNO ( or number status )

There are number of growing town-houses for sale in South Africa. This is due to the enhanced security and the lock up and go life-style that these homes offers. There is a range of town-house options available, from small bachelor apartments to multilevel cluster homes.