Current Cost Of Buying And Selling Land In Ikeja, Lagos State (Updated Prices, 2025)
Ikeja, the capital of Lagos State, is one of the most sought-after locations for real estate investment in Nigeria. As a major commercial and residential hub, Ikeja offers high returns on investment, making it an attractive destination for land buyers and sellers.
In this guide, we’ll cover:
- Updated land prices in Ikeja (2025 rates)
- Best areas to buy land
- Factors influencing land costs
- How to buy and sell land legally
- Common challenges and solutions
- FAQs on land investment in Ikeja
Why Invest in Land in Ikeja?
1. Commercial and Business Hub
Ikeja is home to Alausa, the Lagos State Government Secretariat, making it a key business and administrative center.
2. Presence of Key Infrastructures
With Murtala Muhammed International Airport, Ikeja City Mall, and top corporate offices, the area attracts both businesses and residents.
3. High Property Appreciation
Land in Ikeja consistently appreciates due to high demand, making it a safe investment choice.
4. Strategic Location
Ikeja offers excellent road networks, linking major highways like the Lagos-Ibadan Expressway and the Third Mainland Bridge.
5. Strong Rental Market
With a growing population and many businesses, landowners enjoy steady rental income from developed properties.
Current Land Prices in Ikeja (2025 Updated Rates)
Land prices in Ikeja depend on location, accessibility, land title, and purpose (residential or commercial). Below is a breakdown of land prices in different areas:
1. Prime Areas (Most Expensive Locations in Ikeja)
📍 Popular Locations:
- Alausa (Government Secretariat Area)
- Opebi
- Allen Avenue
- Ikeja GRA
💰 Land Prices in Prime Areas:
- Residential Land: ₦400 million – ₦800 million per plot (600 sqm)
- Commercial Land: ₦600 million – ₦1 billion per plot (1,000 sqm)
👉 Best for: Investors looking for high-value property in well-developed areas.
2. Mid-Range Areas (Growing but Less Expensive)
📍 Popular Locations:
- Maryland
- Ogba
- Oba Akran Avenue
- Adeniyi Jones
💰 Land Prices in Mid-Range Areas:
- Residential Land: ₦150 million – ₦400 million per plot (600 sqm)
- Commercial Land: ₦300 million – ₦600 million per plot (1,000 sqm)
👉 Best for: Buyers seeking affordable land in strategic locations.
3. Affordable Areas (Still Developing, Lower Cost)
📍 Popular Locations:
- Agege (near Ikeja boundary)
- Ogudu (close to Ikeja and GRA areas)
- Ikeja Along (near railway and bus rapid transport routes)
💰 Land Prices in Affordable Areas:
- Residential Land: ₦50 million – ₦150 million per plot (600 sqm)
- Commercial Land: ₦100 million – ₦250 million per plot (1,000 sqm)
👉 Best for: Investors looking for cheaper land with long-term appreciation potential.
Factors Affecting Land Prices in Ikeja
- Location – Areas like GRA, Alausa, and Allen Avenue are more expensive than outskirts like Agege.
- Land Title – Properties with a Certificate of Occupancy (C of O) cost more than unregistered lands.
- Accessibility – Land near major roads, airports, and commercial districts attracts higher prices.
- Infrastructure – Well-developed areas with good roads, electricity, and drainage systems command premium rates.
- Demand & Supply – High competition in Ikeja means prices rarely drop.
How to Buy Land in Ikeja: Step-by-Step Guide
1. Determine Your Budget & Purpose
Are you buying for residential use, business, or future resale? This will determine the best location.
2. Conduct a Property Search
Use reputable real estate agents and verify land listings online.
3. Verify Land Ownership & Title
Ensure the property has a valid Certificate of Occupancy (C of O) or Governor’s Consent.
4. Conduct Physical Inspection
Visit the land to check accessibility, infrastructure, and any potential disputes.
5. Hire a Lawyer
A real estate lawyer will review documents and ensure legal transactions.
6. Negotiate & Make Payment
Agree on the price, sign the Deed of Assignment, and obtain a purchase receipt.
7. Register the Land
Complete the ownership transfer process at the Lagos State Lands Bureau.
How to Sell Land in Ikeja
- Ensure the Land has Proper Documentation – A C of O or Governor’s Consent increases value.
- Determine the Market Price – Compare similar properties before setting a selling price.
- Advertise the Land – Use real estate agencies, social media, and property websites.
- Verify the Buyer’s Authenticity – Confirm the buyer’s financial capacity.
- Sign Legal Documents – Finalize the Deed of Assignment and property transfer agreement.
Common Land Buying and Selling Challenges in Ikeja
- High Prices – Ikeja is expensive compared to other parts of Lagos.
- Fake Agents & Land Scams – Work only with verified professionals.
- Omonile Issues – Some family-owned lands may come with disputes.
- Government Acquisition – Always confirm land is not under government acquisition.
- Encroachment & Land Grabbing – Secure your land legally and physically.
👉 Solution: Conduct due diligence, hire a lawyer, and register your land immediately!
Frequently Asked Questions (FAQ)
1. How much is land in Ikeja in 2025?
Prices range from ₦50 million to ₦1 billion, depending on location and land size.
2. What is the best area to buy land in Ikeja?
For high-value investment, Ikeja GRA, Alausa, and Allen Avenue are ideal. For more affordable options, check Ogba and Agege.
3. What documents do I need to buy land in Ikeja?
You need a Certificate of Occupancy (C of O), Deed of Assignment, and Governor’s Consent.
4. Can a non-Lagos indigene buy land in Ikeja?
Yes! Anyone can buy land in Ikeja as long as they follow legal procedures.
5. Is land in Ikeja a good investment?
Absolutely! Ikeja’s strategic location, business growth, and infrastructure development make it one of the best places to invest in Lagos.
Final Thoughts
Ikeja remains one of the best locations to invest in land in Lagos, offering high returns and steady appreciation. While prices are high, the demand and value continue to rise. Whether you’re buying for business, rental income, or personal use, Ikeja is a prime real estate destination.
Thinking of buying or selling land in Ikeja? Drop your questions below!
