Victoria Island is expected to deliver more than 602 residential units in 2026 as developers continue to expand housing supply across the district.
This is according to a report by real estate market intelligence platform, Estate Intel, titled Residential Pipeline Activity in Victoria Island July 2026.
The report identified more than 2,850 residential units in Victoria Island’s development pipeline across five districts: North-West Victoria Island, North-East Victoria Island, Core Victoria Island, South-West Victoria Island and South-East Victoria Island.
What the report is saying
Estate Intel’s data shows that 47.1% of Victoria Island’s residential pipeline is at the conceptual or early site work stage, while 43.5% is under construction and 9.4% is at the implementation stage.
The figures show that while almost half of the planned residential supply is yet to progress beyond the early stages of development, a similarly large share is already under construction and could add significantly to the district’s housing stock over the coming years.
North-West Victoria Island currently accounts for the highest concentration of pipeline developments. The district is bounded by Ozumba Mbadiwe Avenue to the north, Akin Adesola Street to the east, Adeola-Odeku Street to the south and Ahmadu Bello Way to the west.
Estate Intel noted that the revised Victoria Island Model City master plan has provided a broader development focus beyond Core Victoria Island, covering the North-West, North-East, South-West and South-East districts.
The report also puts the average land price in Victoria Island at N3.05 million per square metre, equivalent to about $2,238 per square metre.
Residential projects across Victoria Island
Estate Intel identified a range of multi-storey residential developments across the five districts, with…
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Read Full Article by Caleb Obiowo at nairametrics.com
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