Land prices in Obalende, Lagos
Obalende is a district in Lagos Island, Lagos Island LGA, Lagos, in the prime zone. Residential land is about ₦870,000 per m², so a typical 600 m² plot is about ₦522m.
See Obalende on the satellite map, with postcodesAsk us on WhatsAppLand, building and rental values
| Typical 600 m² plot | ₦522m | residential |
| Land: residential | ₦870,000 | per m² |
| Land: commercial | ₦1.5m | per m² |
| Land: industrial | ₦676,275 | per m² |
| Building: 2-bed flat | ₦234.2m | asking price |
| Building: 3-bed flat | ₦358m | asking price |
| Building: 4-bed house | ₦580.9m | asking price |
| Building: 5-bed house | ₦1.82bn | asking price |
| Rent: 1-bed / mini flat | ₦4.4m | per year |
| Rent: 2-bed flat | ₦10m | per year |
| Rent: 3-bed flat | ₦14.5m | per year |
| Rent: 4-bed house | ₦25.9m | per year |
| Rent: shop or office | ₦295,800 | per m² per year |
Lagos Island LGA as a whole: ₦120,000 per m² median. Coordinates 6.44910, 3.40610.
Questions people ask
How much is a plot of land in Obalende, Lagos?
A typical 600 m² residential plot in Obalende, Lagos is about ₦522m (around ₦870,000 per m²) in asking prices as of October 2026. Commercial land is about ₦1.5m per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Obalende, Lagos?
About ₦14.5m a year for a 3-bedroom flat, ₦10m for a 2-bedroom flat and ₦4.4m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Obalende, Lagos?
Asking prices for a 4-bedroom house in Obalende, Lagos are around ₦580.9m; a 3-bedroom flat around ₦358m (October 2026).