Banana Island in Lagos is a Billionaire's Paradise - Mansion

Banana Island in Lagos is a Billionaire's Paradise - Mansion. The newly built water community lives in some of the richest people in the nation.

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source: GOOGLE

The newly built water community lives in some of the richest people in the nation, and he declares, too

Banana Island, which is Nigeria's answer to the Seventh Arrondissement of Paris, La Jolla of San Diego, Tribeca of New York and Shibuya and Roppongi of Tokyo, a small man-made island in the Ikoyi area of ​​Lagos.

Completed in 2000, a paradise filled with billions of the richest and most famous families in the country, tasting its peaceful, peaceful atmosphere away from the crowds of Lagos, the largest city and largest financial institution in the world.

Its name comes from its distinctive composition.

Limits

The 1.63-square-foot sandy island of Lagos Lagoon is located just over 5 miles east of Tafawa Balewa Square, the commercial and festival heart of Lagos. A dedicated road connects it to a road network near Parkview Estate. First Avenue north and Second Avenue at the junction of the sound and then run its cycle.

Price Range

As in the rest of the country, house prices on Banana Island depend on the value of the land, according to Roberta Nouboue, managing director of the Madingwa Real Estate, which is NGN400,000 (US $ 1,101 per square meter).

Ms Nouboue said prices for adjoining houses, which rarely enter the market because they are not available on the island, start at NGN1 billion (US $ 2.75 million). The most expensive list on the market, the NGN5 billion, is a six-room house with 2,600 square feet of land, he said.

He added that a four-bedroom, one-family home / 400-square-foot and 1,000-square-foot [2 sq m] city-class apartment usually ranges from NGN350 million to NGN500 million.

One current list, he said, was for NGN750 million. That is the price per house for twin cities in 600 square meters of land.

The island has three outstanding condo developments: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments.

"There are more flats and library houses than single-family homes that are separated because land is very scarce and land prices are very high," said Nouboue. "Most of them are privately owned and employed by employers who pay NGN25 million to NGN30 million annually."

He said it was possible to buy an estimated unit of NGN363 million "because the price has dropped dramatically in the last three years to lower the naira. It is illegal to market wealth for anything other than naira."

Of the three events, Ocean Parade is considered the most advanced, he said, thanks to its many facilities, including tennis courts, an Olympic-sized pool, two gymnasiums and children's areas.

Stocks of Housing

As originally planned, Banana Island was to be a special place for the holding of one-family apartments divided into 535 building sites ranging from 1,000 to 4,000 square feet. The height of the houses had to be tied to three issues.

The first homes were built on the south side of the island, but as land prices increased over the years, higher road development was built on the north side, which also has a local commercial center. There are three main modes of mixed use - Adunola, the oldest, and Lakepoint Towers and Desiderata, built two years ago.

"The first houses built in the traditional British and Dubai styles," said Ms Nouboue. "They look very nice and have beautiful gardens. The new ones are very modern, have straight angles, and are not high because they are in a small country."

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Buyers can choose from two- to four-bedroom en-suite apartments, maisonettes and terrace houses, adds Charles Onyenze, a Knight Frank colleague. "In general, a very large percentage of homes are properly constructed, while a few are large residential areas," he said.

Swimming pools, said Ms Nouboue, are very popular. And almost every house has a gym, he added.

Housing, Mr. He said it was full of items including fitted kitchens, walk-in wardrobes, intercom systems, security monitoring systems and set-up generators.

What Makes It Different

The beauty and isolation separates the Banana Island.

"Banana Island is a tropical climate in the middle of noisy Lagos," said Ms Nouboue, adding that the island has two parks. "It offers security, peace and independence. To get to the island, you have to go through the security gate. You are only invited."

He added that because there are not many motor vehicles, "you can run peacefully."

Mr Onyenze said the island's safety network, good roads, 24/7 traffic lights and proximity to the Lagos Lagoon waters make it special.

It also provides status. “Being on Banana Island is an indication of your social class,” he said.

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Luxury Resources

Although Banana Island's main street offers more like a café, a barber shop and a supermarket, chic shopping malls and restaurants on Victoria Island drive for just 12 minutes.

"Victoria Island is like Manhattan," said Mrs. Nouboue.

Favorite restaurants include Alara's NOK, which offers fresh African food; Z Kitchen, offering delicious steaks; and R.S.V.P, which focuses on international vessels.

“R.S.V.P is a great place to go on Friday night,” he said. "It's great, and they invite the biggest DJs in the world. They serve cocktails, and there's a pool."

In the arts, residents headed for Ikoyi, a five-mile drive away. It is home to the Contemporary Arthouse, a local auction house; the Wheatbaker hotel, which hosts art exhibitions and arts-related events; and the Nigerian National Museum, which contains the finest Nigerian art.