Aerial view of Banana Island
Banana Island is a man-made banana-shaped island in Ikoyi,
Lagos State, Nigeria. It sits on a sand-filled area of approximately 1,630,000
square metres, divided into about 535 plots ranging in size from 1,000 square
meters to 4,000 square meters mainly arranged along cul-de-sacs. This exclusive
Island is home to the extremely wealthy in the society. It is considered to be
comparable to the Seventh Arrondissement in Paris, La Jolla in San Diego, and
Tokyo’s Shibuya neighbourhood.
Bella Vista Towers
Residents are provided with world class utilities
including underground electrical systems, an underground water supply network,
a central sewage system and treatment plant, and street lighting, satellite
telecommunications networks and tight security. The Island is a planned, mixed use
development with dedicated areas for residential, commercial and recreational
activities. Leisure facilities include a private health club - with tennis
courts, squash courts and a swimming pool surrounded by extensive gardens.
There are high-rise luxury residential apartment buildings one of which being
the Ocean Parade Tower facing the Lagoon.
There are many grandiose mansions belonging to obscenely
wealthy individuals including a number of billionaires in this exclusive waterfront
enclave. The cost of a plot of land measuring 1,000 square metres costs in
excess of ₦ 250,000,000 and rental prices range from ₦15,000,000 to ₦45,000,000
per annum and in some cases, higher. This desirable island is home only to a few
prominent ultra-wealthy individuals in Nigeria.
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