Land prices in Alaka Estate, Lagos
Alaka Estate is a gated estate in Babatunde Ayilara, Idi Araba, Surulere LGA, Lagos, in the high-income zone. Residential land is about ₦560,000 per m², so a typical 600 m² plot is about ₦336m. Location approximate (taken from listing addresses).
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| Typical 600 m² plot | ₦336m | residential |
| Land: residential | ₦560,000 | per m² |
| Land: commercial | ₦669,505 | per m² |
| Land: industrial | ₦586,924 | per m² |
| Building: 2-bed flat | ₦165.8m | asking price |
| Building: 3-bed flat | ₦199.8m | asking price |
| Building: 4-bed house | ₦343.9m | asking price |
| Building: 5-bed house | ₦773.3m | asking price |
| Rent: 1-bed / mini flat | ₦2.1m | per year |
| Rent: 2-bed flat | ₦4.5m | per year |
| Rent: 3-bed flat | ₦6.3m | per year |
| Rent: 4-bed house | ₦16.1m | per year |
| Rent: shop or office | ₦58,634 | per m² per year |
Surulere LGA as a whole: ₦404,000 per m² median. Coordinates 6.50520, 3.35350.
Questions people ask
How much is a plot of land in Alaka Estate, Lagos?
A typical 600 m² residential plot in Alaka Estate, Lagos is about ₦336m (around ₦560,000 per m²) in asking prices as of October 2026. Commercial land is about ₦669,505 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Alaka Estate, Lagos?
About ₦6.3m a year for a 3-bedroom flat, ₦4.5m for a 2-bedroom flat and ₦2.1m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Alaka Estate, Lagos?
Asking prices for a 4-bedroom house in Alaka Estate, Lagos are around ₦343.9m; a 3-bedroom flat around ₦199.8m (October 2026).