The increasing number and popularity of celebrity houses in Banana Island is a direct testament to the success of real estate in Nigeria. Banana Island is one of the richest and fantastic places to live in Africa, and according to Forbes magazine, Banana Island is the most expensive place to live in Nigeria. Banana Island can be likened to other famous Islands, as it is classy and has a great environment. Developed in a manner that allows both residential and commercial areas, top companies are on this Island.
Various wealthy Nigerians live here on the Island, as they showcase their wealth in purchasing highly furnished houses. Such profiled people include Aliko Dangote, Mike Adenuga, Sayyu Dantata, Iyabo Obasanjo, Keem Bello Osagie, and Kunle Ogunbayo, etc. With quality residential developments like that of the Ocean Parade Towers, these top Nigerians can get comfort, at the expense of their money. This Island has remarkably developed in a manner that houses built are not higher than three floors, and the area has some facilities such as a medical clinic, a primary school, a secondary school, a police and fire station.
Located in Lagos state, Banana Island is in Ikoyi, on the Lagos lagoon’s reclaimed land, Nigeria. This artificial island takes the shape of a “Banana,” where it gets its name.
This Island was an idea of the CEO of City Property Development Limited, Chief Adebayo Adeleke. The Chougary Group built this Island in conjunction with the Nigeria Ministry of Works. Banana Island has a land size of 1.6 million square meters, which is further divided into different plots with varying sizes from 1,000 square meters up to 3,000 square meters, having about 535 plots.
Celebrity Houses Found On This Island
Banana Island is quite expensive; hence, it can only be within the financial budgets of the country’s top-class citizens. An evaluation of a plot of land on the Island can go from $4 million to $6 million. However, this price is nothing compared to the security, tranquillity, and extravagant lifestyle found on Island. Due to this, these are several Celebrity houses in Banana Island, which has been constructed with top-notch designs by real estate constructors.
Here are some celebrity houses on Banana Island, which has also increased the worth of real estate in Nigeria.
Sayyu Dantata’s House
This mansion is seen to be thoroughly designed and is worth millions of dollars. Luxurious and built with high taste. Sayyu Dantata is an oil magnate with an excellent career that has been growing over the years. Being the CEO of the MRS Holding Limited and a relative of the richest man in Nigeria, Aliko Dangote, Mr. Dantata, is among the top Nigerians. They are financially capable and can afford to own a house on Island.
Linda Ikeji’s House
This house is one of the most exquisitely designed celebrity houses in Banana Island and has a structure that can only be the handiwork of skillful real estate builders. It is quite extravagant and stylish and is known to be worth about ₦800million. It belongs to one of the top bloggers in Nigeria, Linda Ikeji, the house is built with quality materials. The house measures about 700m2 and has three floors and an en-suite of six bedrooms, having a master bedroom with a distinct walk-in dressing room. The major areas in this house are the two sitting rooms, a fully furnished kitchen, a cinema room, as well as a media room. Also, this mansion has a gatehouse, boys-quarters, and a swimming pool.
David Adeleke’s House
David Adeleke, a famous musician, known by the stage name “Davido,” is one of the Nigerian celebrities who has recently acquired a house in Banana Island. This house is said to be worth almost ₦1 billion and designed to meet the musician’s high taste. Interestingly, this house has a private lift, amongst several other excellent features.
The Okoye Twin House
The Nigerian twin celebrities own this house, Peter and Paul Okoye, formerly known by the stage name P-Square. This luxurious mansion has a large living room for relaxation, an exquisite lounge, a home cinema, and a refreshing swimming pool. Also, this house is said to be worth more than ₦1.5 billion, and it is quite affordable as the ex-duo musicians are known to have amassed great wealth over the years, with their excellent music career. Hence, this is one of the most stylish celebrity houses in Banana Island and has the best real estate designs.
Mike Adenuga’s House
The house of Dr. Mike Adenuga in Banana Island is a picture of an exquisite real estate design and one of the most expensive celebrity houses in Banana Island. This house is within the Mike Adenuga’s Estate, which also contains eight duplexes, a church, a mosque, an event hall with the capacity to hold about 200 persons, and two security watchtowers.
This mansion is vast and has a furnished home office, and it is reportedly worth over ₦10 billion. Mike Adenuga is a renowned businessman with several businesses, including the Equatorial trust bank that is joint with Sterling Bank, Conoil, Globacom, and many more. Hence, he can afford to live on the Island and has invested a lot of money into his mansion.
Banana Island is one of the best places to live in Nigeria due to its serene and exquisite environment. Having both residential and commercial areas, those living on this Island can quickly get access to what they need and also get access to recreational centers. Those living on this Island have access to have a medical center, police and fire station, a secondary school, and a primary school.
However, living on this artificial Island can cost you a fortune, and this has made a rapid improvement in real estate businesses in Nigeria, as there are some exquisitely designed celebrity houses in Banana Island, and more to come. You can start planning towards establishing and getting real estate on this Island, and also take a clue from these celebrity houses.