2-Bed In Eko Atlantic City To Hit $1.8m By 2029 – Analysts

Market analysts have projected an increase of a two-bedroom apartment in Eko Atlantic City to reach $1.8 million by 2029.

This projection was made on the heel of the ongoing construction of the Lagos Calabar infrastructure; projected to trigger an increase in the value of properties along the environment.

The Lagos–Calabar Coastal road corridor stretched from Eko Atlantic City to the Bluewater Okunde zone drawing attention from investors tracking shifts in Nigeria’s property market.

Market data and project activity indicated that the corridor is influencing land values, investment timing, and development patterns along the Lagos coastline.

The road, which links Eko Atlantic City with coastal districts to the east, is being viewed as “more than a transport artery” by market participants.

“Its role in improving access between Victoria Island, Eko Atlantic City and Bluewater Okunde has changed how developers and investors assess the coastline,” the statement reads.

Industry sources say the combination of public infrastructure delivery, zoning direction and private capital is shaping a defined investment belt.

“Developments along the route include high-rise residential projects such as The Carnelian on Victoria Island, alongside planned schemes in Bluewater Okunde. These projects are being marketed to investors seeking entry before construction completion,” the statement reads.

Analysts said that infrastructure-led corridors often experience price shifts once access and planning certainty improve.

“Land pricing along the Bluewater Okunde strip illustrates this trend. A parcel measuring about 2,400 square metres, which traded at around N800 million in earlier market cycles, is now valued above N5 billion, according to market estimates,” the statement reads.

Keji Giwa, Founder and CEO of Digital Landlords and Giwa Gardens, said Nigerians and diaspora investors should focus on projects at early stages to benefit from expected capital gains, noting that such phases have delivered stronger returns in past cycles.