The Eko Atlantic is finally seeing the light of the day after much work, energy and lots of investment both from the government and also from the private sector. Recently Eko Pearl Towers become the first residential and also the first building to have been completed in this magnificent city.

One thing Eko Atlantic seems to be giving lots of attention is the drainage, this is due to the fact that the land was reclaimed from the sea and so a lot is going to making sure the area is properly channeled and to avoid a flooded city.

Eko Pearl Towers, the first residential development in Eko Atlantic City, is a set of high-rise buildings, privately owned and developed by the leading Eko Pearl Construction Company. The development which is situated about 500 meters away from the financial center of Lagos on Eko Atlantic City, consists of five high rise residential towers, each topped with deluxe penthouse types, two & three bedroom apartments exuding a luxurious home experience with a view of the Lagos coastline.

While many have been asking questions of how much it costs to own a plot or a piece of land at Eko Atlantic, AutoReportNG was able to make some findings and we can confirm to you that it’s not for the faint-hearted. According to the management…

EKO ATLANTIC CITY PRICE OF PLOTS AND OTHER RELEVANT INFORMATION

As at 2010, plots of land are reported to cost the following but we are not too sure if there are lands and also if it has been upgraded…

“Plots are currently available for sale. Plot sizes start at 2000 square meters and up, and have a starting price of $825 (#302,000) and go up to $1660 (#606,000) per square meter (please note we do accept the equivalent in Naira). Prices are determined by where your land is in location to water.

Yes, you can make down payments. Our payment plan is simple and straightforward. In Phase 1, which is expected to be sand filled by the end of this year or beginning of next, is 50% down payment and 50% when you receive your land. In phase 2 and on, it is 25% down payment, 25% in the 1st year and 2nd year anniversary, and the last 25% when you receive your land.

We expect developers to build up in Eko Atlantic. Taller building serving the needs of residential, commercial, retail, and office space. The city is zoned mixed use. Developers can build to their plan, so as long as it adheres to the rules of our planning department.

Basic infrastructure will be ready by the time developers begin building. I would like to add that we are providing the infrastructure and that you will not need to provide your own.

The project is proceeding as planned, and we are on target to meet our goals”.

(Please note this was quoted in 2010 when inquiries were made, we can’t confirm if this still holds or remains valid till now)

These are some of the new visuals we can get our hands on…