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?
âś… Higher returns than traditional annual rent in many cases
âś… Flexible pricing during peak periods and holidays
âś… Growing demand from business travelers, Nigerians in the diaspora, and tourists
âś… 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?