[ad_1]
Land price in Eko Atlantic is the highest of the various prime island locations in Lagos including Ikoyi, Victoria Island and Lekki. It is followed closely by Banana Island, the most exclusive residential location in Lagos.
How Much Is Land In Eko Atlantic? The current estimated price per square meter of land in Eko Atlantic is approximately $1,720 (equivalent to about N523,000).
This value represents an increase of approximately 40 percent compared to the land prices in the neighboring Victoria Island. It’s worth noting that this price point is favorable when compared to the land values found in Manhattan City, United States.
Manhattan real estate costs an average of $1,773 per square foot, which is also ahead of San Francisco, the next most expensive area on a per-square-foot basis, according to NeighborhoodX, a real estate price tracking agent. Land price in San Francisco averages $902 per square foot.
Eko Atlantic is an emerging city in Lagos, Nigeria’s bustling commercial capital.
It is the single most ambitious and comprehensive mixed-use development plan to come on stream in the West African sub-region in recent times. Modelled after the Skyscraper District of Manhattan Island in New York City, Eko Atlantic is expected to be home to no fewer than 500,000 residents, with commuter volume expected to exceed 300,000 people daily.
The uniqueness of this city is chiefly in its self-sufficient and sustainable state-of-the-art urban design, its own power, clean water, advanced telecommunications, and spacious roads with about 200,000 trees planned to be planted.
The residential units will be constructed as vertical high-rise apartment towers which explain its description as Africa’s Dubai.
About Eko Atlantic
Eko Atlantic, an impressive urban development, is taking shape in Lagos, Nigeria. This ambitious project aims to create a modern, self-sustaining city on reclaimed land from the Atlantic Ocean. Eko Atlantic is envisioned as a dynamic metropolis that will serve as a symbol of Nigeria’s progress and prosperity.
Located adjacent to Victoria Island, Eko Atlantic will feature a blend of commercial, residential, and recreational spaces. The master plan includes meticulously designed road networks, green spaces, and cutting-edge infrastructure. The city will offer a range of amenities, including high-end shopping centres, luxurious hotels, world-class restaurants, and vibrant entertainment venues.
One of the main highlights of Eko Atlantic is its innovative approach to environmental sustainability. The city is being built with advanced engineering techniques to mitigate the effects of rising sea levels and protect against potential flooding. With its seawall and drainage systems, Eko Atlantic aims to create a safe and secure environment for its residents and visitors.
Eko Atlantic also prioritizes connectivity and convenience. The city will have efficient transportation systems, including modern roads, bridges, and a light rail network, ensuring seamless travel within and outside the city. Additionally, Eko Atlantic will provide state-of-the-art telecommunications infrastructure, enabling fast and reliable connectivity.
The real estate opportunities in Eko Atlantic are highly sought after, attracting investors and businesses from around the world. The city’s prime location and potential for growth make it an attractive destination for both local and international enterprises.
Eko Atlantic is not just a city; it represents a vision for the future of Lagos and Nigeria as a whole. With its innovative design, commitment to sustainability, and focus on creating a vibrant and thriving community, Eko Atlantic is poised to become an iconic landmark and a shining example of urban development in Africa.
The post How Much Is Land In Eko Atlantic? appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.
[ad_2]
Source link