Top 5 High-Yield Locations for Short-Let Investments in Lagos

The Lagos short-let market is booming, and savvy investors are paying attention. As Africa’s fastest-growing megacity, Lagos is not just the economic capital of Nigeria—it’s also a thriving hub for tourism, business travel, and digital innovation.

With the increasing demand for flexible accommodation, short-let apartments offer one of the most lucrative opportunities in the real estate space today.

But not all locations yield the same results.

Here are the Top 5 High-Yield Locations for short-let investments in Lagos—and why they consistently outperform:

1. Lekki Phase 1 – The Undisputed Short-Let Capital

Occupancy Rate: 70–90%

Daily Rental Yield: ₦50,000 – ₦250,000 (depending on unit type)

Lekki Phase 1 is a goldmine for short-let investors. Its proximity to the Lekki business hub, premium dining spots, and nightlife makes it ideal for young professionals, tourists, and expatriates. With consistent demand all year round, this location offers high turnover and returns.

🔑 Investor Insight: 1-bed apartments and studio short-lets here are among the fastest to book on platforms like Airbnb.

2. Victoria Island – The Business Traveler’s Choice

Occupancy Rate: 60–80%

Daily Rental Yield: ₦70,000 – ₦280,000

As Lagos’ commercial heartbeat, Victoria Island attracts top executives, foreign visitors, and business tourists. The area is known for its upmarket residences, corporate headquarters, and direct access to the Eko Atlantic and high-end amenities.

🔑 Investor Insight: Demand is strong during weekdays—perfect for business travelers and conferences.

3. Ikoyi – Luxury Meets Stability

Occupancy Rate: 50–70%

Daily Rental Yield: ₦100,000 – ₦350,000

Ikoyi is synonymous with exclusivity and prestige. Ideal for ultra-luxury short-let offerings, it attracts diplomats, executives, and high-net-worth individuals. Though it requires higher capital investment, returns are excellent and occupancy remains steady, especially for well-managed units.

🔑 Investor Insight: 2–3 bedroom units or mini-penthouses perform well in Ikoyi.

4. Ikeja GRA – Perfect for the Airport Crowd

Occupancy Rate: 60–85%

Daily Rental Yield: ₦40,000 – ₦300,000

Ikeja GRA is the go-to for travelers looking for accommodation close to the Murtala Muhammed International Airport. It also caters to professionals working in Alausa (the seat of Lagos government) and business guests attending events at nearby hotels and convention centers.

🔑 Investor Insight: Fastest-growing mid-market for short-lets in mainland Lagos.

5. Yaba/Surulere – The Rising Tech and Youth Hub

Occupancy Rate: 65–85%

Daily Rental Yield: ₦35,000 – ₦145,000

With its proximity to top universities, tech hubs (like Andela, Flutterwave), and the National Stadium, Yaba and Surulere are gaining traction for affordable yet trendy short-let options. Young professionals, remote workers, and local tourists love the vibe here.

🔑 Investor Insight: Lower entry costs, high demand from digital nomads and budget-conscious visitors.

Final Thoughts: Why You Should Invest Now

✅ High Occupancy: With proper property management, short-let units can enjoy 60%+ occupancy year-round.

✅ Faster ROI: Most investors recover their capital within 2–4 years.

✅ Scalability: Start with one unit, then grow your portfolio as income accumulates.

At Zuzlon Properties Limited, we help you not only acquire the right property in these prime locations but also design, furnish, list, and manage it on platforms like Airbnb for maximum returns.

Want to invest smart in Lagos’ booming short-let market?

Let us help you find the perfect property and manage it stress-free.

📞 Contact us today! 0912 580 4472; 0814 798 5930

🌐 https://zuzlonproperties.com

📩 enquiry@zuzlonproperties.com or DM us