The Lagos–Calabar Coastal Road corridor, stretching from Eko Atlantic City to Bluewater Okunde, is reshaping investor sentiment in Nigeria’s coastal property market. Market activity suggests the road is doing more than easing movement. It is influencing land values, investment timing, and how developers assess the Lagos coastline. Improved connectivity between Victoria Island, Eko Atlantic City, and emerging eastern coastal districts has helped define a new infrastructure-led investment belt.
Developments along the route include high-rise residential projects on Victoria Island and planned schemes in Bluewater Okunde. Analysts note that infrastructure certainty often precedes sharp price adjustments. This is evident in Bluewater Okunde, where land once valued around ₦800 million for a 2,400 square metre parcel is now estimated above ₦5 billion, driven by access, zoning clarity, and proximity to Eko Atlantic.
Investors are responding by targeting early-stage projects. With pricing gaps between Eko Atlantic City and Bluewater Okunde expected to persist, analysts say early entry remains central to capturing capital gains as the corridor matures.
