₦airaland Forum

Even dubai with world class infrastructure wont sell land that expensive. Lagos land overpriced. How are people making billions to buy those properties

Rubbish

Good forbid, instead I would enter Ogun state with my #2bn to aquare hacter of lands that buying that flood area.

In this world that we can't live 120years?

FreeStuffsNG:
https://punchng.com/eko-atlantic-land-hits-n2bn-per-plot-report/

It seems no one learnt anything from the death of Herbert Wigwe, the late Access Bank CEO.

Take heed and beware of covetousness, for a man's life does not consist in the abundance of his possessions.

With all these hyperinflated investment woos in the Eko Atlantic City, let us remember that the end of it all is death.

Na only Igbos can afford that.
Igbo amaka.
Hahahahahahaha

Would residents still not travel to the old island and mainland, in that over congested very smelly Lagos State, with bad roads all over the place......... Overpriced nonsense...... 🤣🙄😂

N180m of the early 2000s has more
value than even N4bn of today, therefore
the land has actually become cheaper in real terms..


A Belgium car of N500k in the early 2000s will
cost over N10m today..


APC and Buhari killed☠️💀☠️ this country,
while Tinubu came to bury it. ⚰️🪦⚰️.....👎👎👎

Zionmdde:
Island is facing flood issues
They are still driving the ocean back to create land. OK ooooo. Eko Atlantic will be a very beautiful place to be

Wishing the islanders all the very best

Don't say what you don't know. The place is just too plan. Banana island don't withness what you said above and Eko Atlantic City is super plan. Only this year alone, I have visited the place four times.

franchasng:
This is huge. How much does a plot of land cost in:

Silicon valley
Las Vegas?
Venice
Monaco
Canberra
Manhattan
Adelaide
Zurich
Geneva
Oslo
Palm Jumeirah
Nassau


I am asking because this seems to be an overinflated value which will never commiserate with the value of the area with time.


So buying a plot of land at Eko Atlantic at this current price will not be a wise investment because with time, the price will fall as the real value will be exposed as time goes on.

not in Lagos island. No be Onitsha we dey talk.

Nigeria need to start having valuers, many properties are over priced, many Nigeria owned real estates that operates outside Nigeria don't increase the value of their properties like they do in Nigeria, some real estate increase the value of their property over 100% in less than a year with no significant development in that location. In year to come, low income household will not be able to afford a plot of land.

Sammy5413:
wetin this one dey calculate? Who whine you with such exchange rate? Do ur research well make you no go dey disgrace urself for SM

Sorry, I meant to say over $1.2 million.

kedeojo:
Don't say what you don't know. The place is just too plan. Banana island don't withness what you said above and Eko Atlantic City is super plan. Only this year alone, I have visited the place four times.

I didn't say eko Atlantic will experience flood
Am asking what of other parts of the island
I have been to that eko severally, you will obviously see land reclamation, water space encroachment have consequences.

anonimi:
So how much is it, using what exchange rate from your own calculator?

How does that compare with prime property in our japa destination countries, that are not overwhelmed by waterless glorified ghettos like Lagos after 26 years of ebilokan lootocracy master plan?

Be careful lest they label you a hater of wealth, even though they themselves have got nothing outside their 30k salary and everything belongs to their Thief-Lord

abuhusna1:
Even dubai with world class infrastructure wont sell land that expensive. Lagos land overpriced. How are people making billions to buy those properties

facts and figures Not speculation

How much is 7200 square feet of land in Dubai business district

Compared to the claim in this story for Eko Atlantic City of $1.33 million


Google is a friend

POOR MAN go dey tink say na SCAM

abuhusna1:
Even dubai with world class infrastructure wont sell land that expensive. Lagos land overpriced. How are people making billions to buy those properties

is not by emotions or blind assertions without research


AI Overview

+3
The cost of a 7,200 square foot plot of land in Dubai's Business District can vary significantly based on specific location, zoning, and other factors, but it's possible to estimate based on available data. In Dubai's Business Bay, a prime location, the median price is AED 20,266 per square meter according to Properstar. Converting this to square feet (1 square meter = 10.764 square feet) and then to USD (1 USD = 3.67 AED, as of today), we can estimate the cost.
Calculations:
Square meter to square feet: 7,200 sq ft / 10.764 sq ft/sq m = 668.9 sq m
Total cost in AED: 668.9 sq m * AED 20,266/sq m = AED 13,557,882.40
Total cost in USD: AED 13,557,882.40 / 3.67 AED/USD = $3,694,245.90
Therefore, a 7,200 square foot plot of land in Dubai's Business District, based on the median price in Business Bay, could cost approximately $3,694,245.90 USD

FreeStuffsNG:
“Despite the broader infrastructural challenges, individual luxury properties in Lagos are equipped with world-class features and amenities designed to meet international standards. These developments aim to create a self-contained, elevated living experience for their affluent residents.”

It could worth more now since after First Bank Holdings Plc moved its headquarter there and when the US consulate finishes its about 50 acres or so that it owns there.

The best time to invest in my Lagos was 20 years ago and the next best time is today.

If you bless Lagos, Lagos will bless you.

Thank you Asiwaju Bola Ahmed Tinubu for this your great vision and legacy. Like the sound track in the Efunroye Tinubu epic movie , I dedicate the line "Eko o ni gbagbe re fun iṣe rere rere ti o ṣe" to you Mr President. God bless you sir.

Why do you like posting 2021 report on Nigerian startups, we are in 2025. I dare you to post the current startup report make we see.

aribisala0:
is not by emotions or blind assertions without research


AI Overview

+3
The cost of a 7,200 square foot plot of land in Dubai's Business District can vary significantly based on specific location, zoning, and other factors, but it's possible to estimate based on available data. In Dubai's Business Bay, a prime location, the median price is AED 20,266 per square meter according to Properstar. Converting this to square feet (1 square meter = 10.764 square feet) and then to USD (1 USD = 3.67 AED, as of today), we can estimate the cost.
Calculations:
Square meter to square feet: 7,200 sq ft / 10.764 sq ft/sq m = 668.9 sq m
Total cost in AED: 668.9 sq m * AED 20,266/sq m = AED 13,557,882.40
Total cost in USD: AED 13,557,882.40 / 3.67 AED/USD = $3,694,245.90
Therefore, a 7,200 square foot plot of land in Dubai's Business District, based on the median price in Business Bay, could cost approximately $3,694,245.90 USD

You are giving the price of a developed plot. Show us the price of an undeveloped plot in Dubai.

Salowise:
Nigeria need to start having valuers, many properties are over priced, many Nigeria owned real estates that operates outside Nigeria don't increase the value of their properties like they do in Nigeria, some real estate increase the value of their property over 100% in less than a year with no significant development in that location. In year to come, low income household will not be able to afford a plot of land.

Because real estate is the best way to launder money. Most of these real estate valuers have connections to fraudulent politicians.

Ofodirinwa:
Nothing over inflated about it. Lagos is one of the most economically valuable places on planet earth. Most things are underpriced, and Eko Atlantic gives the rest of the world's economy most access to Lagos and Nigeria which are vastly untapped.

Bros take style fear God Lagos underpriced!!!! Are you kidding me!!! How would Eko Atlantic give the rest of rhe world's economy access to Lagos. Can it be more than the access that Sandton gives to Johannesburg?

BabaO2:
Lagos and money,
Same way they started igr of #10b/m from #600m/m, some mugus go later come with na we build Lagos slogan. Money answereth all things.

Oga don't you think it is unwise to come and say this?

Believeintruth:
You are giving the price of a developed plot. Show us the price of an undeveloped plot in Dubai.

Where is the evidence for this?

If you have nothing meaningful to say

Be silent

Believeintruth:
You are giving the price of a developed plot. Show us the price of an undeveloped plot in Dubai.

How about this
https://www.thenationalnews.com/business/property/2025/06/17/five-luxury-villas-to-be-built-on-plot-sold-for-100m-in-dubais-palm-jumeirah/

One plot sold for $100 million in one area


Please do not be unruly

Believeintruth:
You are giving the price of a developed plot. Show us the price of an undeveloped plot in Dubai.

You live in an information age
There is no need for unnecessary arguments

If you have the money and are seriously thinking of buying land in Dubai
This is a good place to start

https://www.propertyfinder.ae/en/search?l=66&c=1&t=5&fu=0&ob=pd

I need to rush and get 1 fast b4 it gets to 3 billion...damn

Believeintruth:
Bros take style fear God Lagos underpriced!!!! Are you kidding me!!! How would Eko Atlantic give the rest of rhe world's economy access to Lagos. Can it be more than the access that Sandton gives to Johannesburg?

Things change very quickly once you start doing the right thing

In 1995
China GDP 760 billion USD
Japan GDP 5.5 trillion. USD

30 years later

China GDP 19 trillion GDP 20 Trillion USD

Japan GDP. 4 Trillion. USD


30 years for a nation is very short

Eko Atlantic is the future and Nigeria has a brilliant future

Splendour99:
It seems no one learnt anything from the death of Herbert Wigwe, the late Access Bank CEO.

Take heed and beware of covetousness, for a man's life does not consist in the abundance of his possessions.

With all these hyperinflated investment woos in the Eko Atlantic City, let us remember that the end of it all is death.

There is no need to use an individual's name in vain

This is a business area and good businesses should outlive their owners

The area is expected to house businesses or multiple occupant residents

It is not expected to have single occupant dwellings but headquarters of the biggest corporations in Nigeria, malls condos etc
What has it got to do with Wigwe.

Google is a great business. Its founder will die one day and the business will continue like Mobil, Toyota, Coca-Cola and so on


What lessons are you talking about?

This shouldn't be an issue at all.You guys can own it later by revoking the ownership with the mantra that Lagos is Yoruba land.

It will be very difficult for me to buy a land in Lagos instead I will buy in Abuja and be paying ground rent.

AfonjaPriest:
This is not right.
We, the indigenes cannot afford it.
Even the afon. ja people will not ever be capable of acquiring a millionth of a plot.
Agbero money cannot come to the rescue.
They should reverse this Insensitive action to preserve our shared common heritage.
Eko o ni babe o!