In the last decade, Eko Atlantic City, a 10-million-square-metre mixed-use city being constructed on reclaimed land from the Atlantic Ocean, has recorded a significant inflow of investment from real estate investors and corporate organizations.
Though a mixed-use development that will offer facilities for living, working and leisure, the city is designed to accommodate more residential developments, which explains why about 250,000 residents are expected to find home there on completion.
Many residential projects are at various stages of development in the city, and among them, seven stand out for reasons ranging from height, architecture, location within the city, to aesthetics, among other features and considerations.
These projects include:
Eko Pearl Towers: This is five residential towers being developed by ELSA International Limited. It is located on Eko Boulevard. The five towers are led by Eko Black Towers (24 floors), and Champagne Pearls (33 floors), both completed, while White Pearls (31 floors), Indigo Pearls (33 floors), and Aqua Pearl (24 floors) are under construction.
Azuri Towers is being built by Eko Development Company FSE and is located at Marina District. The project is a landmark in Eko Atlantic. Azuri One, at 33 floors and 146 meters, is the tallest residential building in Nigeria and West Africa, while Azuri Two has 29 floors and similarly luxury-focused units. Together, the towers offer 130 apartments, including three and four-bedroom units and six-bedroom penthouses.
Re Reve Tower is another residential project in this city. It is being developed by August Crossing Limited and is located at Harbour Light District. The Tower is a next-generation luxury residential development. It will be a 16-floor tower that comprises 54 exclusive units, each offering panoramic views of the harbour, the Atlantic Ocean, and the Victoria Island skyline.
Phoenix Tower is a 27-storey ultra-luxury residential tower being developed by Arkland Properties and Investment. The Tower, which is still under construction, is located at Downtown District of the city. It has 122 units, comprising 120 three-bedroom apartments located on floors 6 to 25, with six units per floor, and two exclusive penthouses occupying the top two floors.
A & A Towers is the second residential project by Arkland Properties and Investment in Eko Atlantic. The 23-storey luxury development had reached the 19th floor by March 2025, with final construction and pre-sales underway. It is scheduled for completion by Q4 2026. This tower, one of the first projects in the city, is located in the Oceanfront District.
The One: This is another tower in the city being developed by South Energyx Nigeria Limited. It is a mixed-use, 16-floor development located at Avenues West District of the city. The One is a 226-unit tower positioned as a signature residential landmark in Lagos’s emerging seaboard district. It targets affluent buyers and investors, offering premium 3- and 4-bedroom apartments and exclusive penthouses.
Caspian Heights is the 7th top residential tower in Eko Atlantc. It is being developed by Arkland Group in partnership with Equity Cooperatives. Construction on the 21-floor tower started in January 2026. The tower features one- to four-bedroom apartments designed to maximize natural light and offer panoramic views of the Atlantic coastline and Lagos skyline.
Overall, the luxury residential segment in Eko Atlantic is characterized by a unique ecosystem. This segment is led by Arkland Properties with more than 220 units, alongside Eko Development Company (the developers of Eko Atlantic itself) and Eko Pearl.
With luxury apartments priced between $659,400 and $5 million, Eko Atlantic targets ultra-high net worth individuals (HNIs), particularly diaspora and institutional investors.
The city is a destination of choice for many reasons. “Infrastructural certainty sets it apart, offering 24-hour power, access to potable water, high-speed fibre-optic internet, and modern drainage systems—amenities that are often inconsistent elsewhere in the city,” Ngozi Newman of Fortren and Company noted.
New man noted further that, as a designated Free Zone, it also provides significant regulatory advantages, including tax incentives, streamlined approvals, and enhanced legal protections not available in other parts of Lagos.
“The area’s track record of capital appreciation is equally impressive, with land values rising from $133k per plot in the early 2000s to over $1.5million today. Eko Atlantic spans only 10 million square metres of development, where quality is paramount, making it a highly sought-after investment destination,” Newman added.
