What Are Off-Plan Properties in Lagos?
Off-plan properties are homes or apartments sold before construction is complete. You’re essentially buying into the developer’s vision, often at a discounted rate with the expectation of capital appreciation once the project is delivered.
For investors looking to tap into Lagos’ real estate boom, off-plan properties offer a more flexible, future-focused way to grow wealth.
Why Everyone Talks About Lekki, but the Smart Money is Watching Ojota, Maryland, and Arepo
It’s easy to get caught up in the buzz of Lekki, VI, and Ikoyi. They’re popular, and yes, they’re profitable but also they are not the only goldmine.
Now, let’s talk about the quiet stars of Lagos real estate:
Ojota, Maryland, and even Arepo (just 15 minutes from CBD, Alausa).
Ojota
Positioned at the heart of Lagos, Ojota offers unmatched access to major transport routes. With proximity to the Lagos-Ibadan Expressway and the proposed Red Line rail project, off-plan developments here promise massive growth potential. It’s perfect for both rental income and resale in a city where accessibility equals value. This is where we have Ile-aje situated in Ojota where 10,000 footfall daily.
Maryland
Maryland’s blend of commercial energy and residential calm makes it ideal for professionals and small families. New off-plan apartment buildings are springing up near the Anthony-Maryland corridor—many with flexible payment plans and facilities that rival what’s found on the Island.
Arepo
Often called the “New Magodo,” Arepo offers the dream of suburban living without the Magodo price tag. Its proximity to Lagos makes it attractive for young families and first-time homeowners. Off-plan projects here offer generous space, community living, and major appreciation potential—especially as infrastructure improves.
Top Benefits of Buying Off-Plan on the Mainland
- Lower Entry Costs – Prices in these areas are still relatively affordable.
- Higher Customization – Developers are more open to design adjustments.
- Greater Appreciation Margin – These areas are still “undiscovered,” meaning more room for growth.
- Better Commute Possibilities – Access to major roads and upcoming transport projects.
- Higher ROI for Rentals – There’s always demand for affordable, accessible housing on the mainland.
The Risks: What to Watch Out For
Off-plan is not without its risks:
- Delays in construction
- Poor delivery from unreliable developers
- Changes in government policy or infrastructure plans
That’s why your contract, developer vetting, and location research are absolutely non-negotiable.
Checklist Before You Invest in Off-Plan Property
Before you put down a deposit, ask yourself:
- Who is the developer and what’s their track record?
- Is the location projected for growth or upcoming government investment?
- Have you reviewed the contract with a trusted property lawyer?
- Can you comfortably meet the payment milestones?
- Have you seen a 3D model or architectural layout of the finished project?
Why You Should Look Beyond the Island
Lagos is expanding in every direction but not everyone is paying attention to the quiet boom happening on the mainland. Ojota, Maryland, and Arepo are becoming powerful alternatives for smart investors who don’t just want hype, they want long-term value.
If you’re thinking of off-plan, maybe it’s time to turn your gaze from the water and start looking inward-where the city is quietly, confidently, building its future.