Emerald Estate Lekki (Complete Guide + Price List)

Emerald Estate, Lekki: Full Details With Complete Breakdown + Price List

Overview

Emerald Estate, formerly known as Mobil Estate, is a high-end residential estate located along the Lekki-Epe Expressway in Lekki Scheme 2, Ilaje, Ajah, Lagos. Developed by the ExxonMobil Staff Cooperative, it is designed to international standards, offering a secure and upscale living environment. The estate is known for its modern infrastructure, lush greenery, and proximity to key economic hubs like the Lekki Free Trade Zone and Victoria Island. Despite its prestige, a reported ₦20 million fraud case in 2022 involving estate management raised concerns, though corrective actions, including dismissals and police investigations, were taken. The first residents moved into the estate in 2013, and it continues to attract high-income residents and investors.

Note: This article focuses on Emerald Estate (Mobil Estate) in Lekki Scheme 2, Ajah. Other estates like Emerald Garden City and Amen Estate Phase 2 (Emerald Bay) in Ibeju-Lekki are distinct and not covered here unless specified.

Location and Accessibility

  • Location: Emerald Estate is situated off the Lekki-Epe Expressway, opposite Victoria Garden City (VGC), in Lekki Scheme 2, Ilaje, Ajah, Lagos. It is near major landmarks like Chevron, Abraham Adesanya Estate, and Novare Mall Shoprite.
  • Accessibility:
    • Approximately 25–30 minutes to Victoria Island during off-peak hours and 45 minutes to 1 hour 30 minutes during rush hour (6:30 AM–8:00 AM).
    • The Lekki-Epe Expressway provides a well-tarred route, though external roads to the estate gate may experience occasional traffic congestion.
    • Nearby amenities include Ikota Shopping Complex, Lekki Conservation Centre, and recreational spots like Omu Resort.
  • Strategic Advantage: Proximity to the Lekki Free Trade Zone, proposed Lekki Airport, Lekki Deep Sea Port, and the Fourth Mainland Bridge enhances its investment appeal.

Infrastructure and Amenities

  • Gated Community: A single entrance/exit with 24-hour armed security, CCTV surveillance, and strict visitor clearance protocols.
  • Road Network: Fully paved, interlocked roads within the estate with functional drainage systems, ensuring a flood-free environment. External roads to the estate gate may require maintenance.
  • Utilities:
    • Electricity: 24-hour power supply via dedicated estate infrastructure, supported by a massive 480 KVA generator set, reducing reliance on EKDC. Residents may still use personal generators/inverters.
    • Water Supply: 24-hour supply of clean, treated water through a reverse osmosis system.
    • Waste Management: Efficient waste collection managed by the estate authority.
  • Recreational Facilities:
    • Olympic-sized swimming pool.
    • Squash and lawn tennis courts.
    • Football field and recreational park.
    • Well-landscaped environment with flowers in front of houses and trees along streets.
  • Event Facilities: Event halls of various sizes for residents’ use.
  • Service Charges:
    • Annual service charge: ₦400,000–₦800,000 (varies by property type).
    • Additional fees (e.g., caution, agency, legal): 10% each of the annual rent.
  • Nearby Amenities: Proximity to Novare Mall Shoprite, Corona School, Lekki Conservation Centre, and hospitals like Lagoon Hospital.

Property Types and Features

  • Property Types: Primarily detached and semi-detached duplexes, with some bungalows and land plots available.
  • Features:
    • Duplexes (4–5 bedrooms):
      • All rooms en-suite with luxury sanitary wares, walk-in closets, and modern fittings.
      • Spacious living areas, family lounges, dining areas, and fully fitted kitchens with appliances (microwave, heat extractor, oven).
      • Additional features: Boys’ quarters (BQ), laundry rooms, pantries, and ample parking spaces.
      • Select units include swimming pools, CCTV, and smart home automation.
      • Built on large plots (600–1,000 sqm) with tiled floors and POP ceilings.
    • Bungalows: 3-bedroom options with BQ, featuring contemporary architecture, high-quality vitrified tiles, and spacious compounds.
    • Land: Plots ranging from 600–1,200 sqm, ideal for custom builds.
  • Title: Properties typically come with a Global Certificate of Occupancy (C of O), Deed of Assignment, or Allocation Letter.

Price List

Note: Prices are based on recent listings for Emerald Estate (Mobil Estate) in Lekki Scheme 2, Ajah, and may vary depending on property condition, completion level, and market trends. Limited specific listings were available, so some data is aggregated from similar properties in the area.

For Sale

  • Houses:
    • 4-Bedroom Semi-Detached Duplex with BQ: ₦60,000,000 (brand new, never lived in).
    • 5-Bedroom Fully Detached Duplex with BQ: ₦62,000,000–₦110,000,000 (1,000 sqm plot, features like swimming pool, massive lounges).
    • 5-Bedroom Detached Duplex (Carcass, Needs Renovation): ₦300,000,000 (1,000+ sqm plot, C of O, Deed of Assignment).
    • Average Price: ₦118,995,475 (range: ₦60,000,000–₦300,000,000).
  • Land:
    • 600 sqm Plot: ₦60,000,000–₦70,000,000.
    • 900 sqm Plot: ₦85,000,000.
    • Average Price: ₦71,666,667 (range: ₦60,000,000–₦85,000,000).

For Rent

  • Houses:
    • 4-Bedroom Semi-Detached Duplex: ₦4,500,000–₦7,000,000 per annum (service charge: ₦400,000–₦800,000; agency/legal/caution: 10% each).
    • 5-Bedroom Detached Duplex: ₦8,000,000–₦10,000,000 per annum (service charge: ₦500,000–₦1,000,000).
    • Average Price: ₦6,988,636 (range: ₦4,500,000–₦10,000,000).
  • Total Package Example (4-Bedroom Duplex):
    • Rent: ₦7,000,000 + Agency (₦700,000) + Legal (₦700,000) + Caution (₦700,000) + Service Charge (₦800,000) = ₦9,900,000 first-year total.

Other Estates (Emerald-Related, Ibeju-Lekki)

  • Emerald Garden City, Ibeju-Lekki:
    • Land (600–1,200 sqm): ₦2,500,000–₦5,000,000 (Phase 1, 1B, 2, 3).
    • Installment plans: 30% initial deposit, 10% discount on outright payment within 2 months.
  • Amen Estate Phase 2 (Emerald Bay), Ibeju-Lekki:
    • Land (600 sqm): ₦12,600,000 (6-month payment plan, ₦2,000,000 initial deposit).
    • 3-Bedroom Bungalow with BQ: ₦230,000,000.
    • 4-Bedroom Semi-Detached Duplex with BQ: ₦85,000,000.
    • 5-Bedroom Detached House (Uncompleted): ₦120,000,000–₦140,000,000.
    • 5-Bedroom Detached House (Finished): ₦350,000,000 (1,000 sqm, 15 kVA solar/inverter, 2 BQ).

Prices are subject to change. Contact estate agents or developers for the latest pricing.

Investment Potential

  • Advantages:
    • Strategic location near Lekki-Epe Expressway, VGC, and proposed developments like the Lekki Free Trade Zone and Fourth Mainland Bridge.
    • High rental demand due to proximity to business hubs like Chevron and Victoria Island.
    • Properties with C of O or Deed of Assignment offer secure investment options.
    • Significant appreciation potential, with examples like Lekki Gardens investors earning ₦116.03 million in under 2 years.
  • Challenges:
    • Past fraud allegations in estate management (₦20 million, 2022) may raise trust concerns, though addressed with dismissals and legal action.
    • External road maintenance issues could affect accessibility.
  • Outlook: Emerald Estate’s robust infrastructure, 24-hour power, and upscale amenities make it a strong choice for luxury homebuyers and investors seeking rental income or capital appreciation.

Nearby Estates and Developments

  • Victoria Garden City (VGC), Abraham Adesanya Estate, Meridian Boulevard Estate, Inoyo Estate, Atican Beach, and Miami Beach Estate.
  • Proximity to Dangote Refinery, Lekki Deep Sea Port, and Pan African University (15–25 minutes’ drive).

Contact Information

For inquiries or property viewings:

  • Emerald Estate, Lekki Scheme 2:
    • Nigeria Property Centre (nigeriapropertycentre.com).
    • Farmoral Enterprises: 08034094026 (for sales, e.g., ₦300,000,000 duplex).
    • Hauz Concept: 08033342296 (for sales, e.g., ₦110,000,000 duplex).
  • Emerald Garden City, Ibeju-Lekki:
    • Property Hub Realty: 08124514948 or 09159581680.
  • Amen Estate Phase 2 (Emerald Bay):
    • Apadios And Associates: 09011754955 or 08183054955.
    • Jupero Properties: 07031954661.
  • General Inquiries: Email in**@**********ns.com or call 07001239008 for similar developments.

Note: Verify agent credentials and inspect properties physically before payments.

Conclusion

Emerald Estate (formerly Mobil Estate) in Lekki Scheme 2, Ajah, offers a luxurious and secure living experience with top-tier amenities like 24-hour power, clean water, and recreational facilities. Its strategic location and modern infrastructure make it a prime choice for high-income residents and investors. While past management issues pose a concern, corrective measures and the estate’s strong fundamentals maintain its appeal. For those seeking more affordable options, Emerald Garden City and Amen Estate Phase 2 in Ibeju-Lekki provide investment opportunities with high ROI potential. Contact verified agents for updated pricing and availability.

Disclaimer: Prices and availability are based on data as of June 25, 2025, and may vary. Verify details with estate agents or developers for accuracy.

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