01/06/2026
If you're considering a shortlet apartment investment in Lagos, it's one of the most profitable real estate sectors when done in the right location.
Top Locations for Shortlet Investments in Lagos.
📍 Lekki – High demand from tourists, expatriates, and business travelers.
📍 Victoria Island – Premium location with strong corporate and executive clientele.
📍 Ikoyi – Luxury market with higher nightly rates and affluent guests.
📍 Chevron – Growing demand and relatively lower entry costs.
📍 Ajah – Affordable acquisition costs with increasing shortlet demand.
Why Invest?
✅ Higher returns than traditional annual rent in many cases
✅ Flexible pricing during peak periods and holidays
✅ Growing demand from business travelers, Nigerians in the diaspora, and tourists
✅ Property value appreciation alongside rental income
What Makes a Profitable Shortlet?
Reliable electricity (solar/inverter is a major advantage)
Fast internet
Modern furnishing
Good security
Easy road access
Proximity to business districts, beaches, malls, and entertainment spots
Typical Returns
A well-managed 1–2 bedroom shortlet in Lekki, Ikoyi, or Victoria Island can generate significantly more revenue than a long-term tenancy, but profitability depends on occupancy rates, management costs, maintenance, and seasonality.
For an investor with a budget of ₦80M–₦150M, a furnished apartment in Lekki Phase 1, Chevron, or Ajah often provides a good balance between purchase price and rental yield.
Are you looking to buy a property for shortlet investment, build one from scratch, or advertise a shortlet investment opportunity?