Ikeja GRA is one of the most sought-after locations for shortlet apartments in Lagos — and for good reason. It’s serene, secure, and centrally located, with easy access to the airport, malls, restaurants, and major business districts. 

But if you’re planning a short stay, knowing what to expect in terms of pricing can save you time, stress, and money.

This guide breaks down the typical cost of shortlet apartments in Ikeja GRA, what factors influence pricing, and what value you should expect at different price points.

The Ultimate Price Guide to Shortlet Apartments in Ikeja GRA

Average Price Ranges for Shortlet Apartments in Ikeja GRA

Here’s a quick look at what different types of apartments cost per night in Ikeja GRA:

1. Studio Apartments

A studio apartment is a type of apartment that contains the living room, bedroom, and kitchen in one space. In most parts of Nigeria, it’s typically known as a self-contained apartment.

Studio apartments are perfect for solo travelers or couples who want compact shortlet spaces that offer comfort and privacy.

Most studio apartments in Ikeja GRA cost between N35,000 and N70,000 a night. 

2. 1-Bedroom Apartments

One-bedroom apartments are the most common shortlet options in Ikeja GRA. They contain a separate bedroom, living room, and kitchen space. You might even get an extra space for your work, relaxation, and games. 

These apartments are suitable for couples and professionals who need separate spaces for relaxation, work, and sleep to avoid distractions and improve productivity.

One-bedroom shortlet apartments in Ikeja GRA cost between N45,000 and N100,000.

3. 2-Bedroom Apartments 

Two-bedroom apartments are top choices for small families or group travelers who want to share space without sacrificing comfort. They contain two bedrooms, a living room, a kitchen, and more. Most commonly, you’d find that the bedrooms are en suite. However, there are rare cases where the entire apartment shares one bathroom.

Two-bedroom shortlet apartments in Ikeja GRA cost between N70,000 to N150,000 a night. 

4. Luxury Suites and Villas

These are high-end units with luxury finishes, pools, balcony or penthouse views, and include house management services. 

Most luxury shortlet apartments in Ikeja give you even more, as you can have access to free Wi-Fi, a personal pool, a private parking space, a gym room, and lots more. These are available in both one-bedroom and two-bedroom luxury apartments. 

Luxury suites and villas in Ikeja GRA cost between N150,000 and N350,000 a night.

What Influences the Cost of Shortlet Apartments in Ikeja GRA

The prices of shortlet apartments in Ikeja GRA vary widely, and here are the key factors that affect what you pay: 

1. Location within Ikeja GRA

Apartments along streets like Ladoke Akintola, Isaac John, Sobo Arobiodu, or Oduduwa Crescent often attract higher prices due to proximity to top restaurants, lounges, and embassies.

2. Amenities Offered

Properties with pools, balconies, rooftop lounges, fast internet, uninterrupted power, and smart appliances charge higher rates, and rightly so. These are premium services you won’t get in most apartments. 

3. Interior Design and Finishing

Apartments with modern, hotel-style interiors, mood lighting, curated decor, and luxury bedding tend to sit at the higher end of the pricing scale. Beyond the high-maintenance cost of these designs, they’re also in more demand than other kinds of apartments. This typically drives its cost up.

4. Service Reputation

Properties like Nimbus Nook, known for their excellent service and attention to detail, often charge a premium but offer excellent value. Reviews from previous guests will convince you why they’re worth the premium.

Extra Costs to Watch Out For When Booking a Shortlet Apartment in Ikeja GRA

Not all shortlet prices are as straightforward as they seem. Therefore, it’s essential to be on the lookout for:

• Cleaning Fees: Some hosts charge N5,000–N15,000 per stay for deep cleaning. 
• Security Deposit: A refundable amount (N20,000–N100,000) depending on the apartment class.
• Utility Limits: Some monthly stays include capped power or Wi-Fi usage. Going over could cost more.
• Late Check-Out or Early Check-In Fees: Always ask what’s allowed upfront.

Important tip: Always request a breakdown of all fees before making payment. This helps you choose an apartment that fits well into your budget.

How to Get the Best Value for Your Money When Booking a Shortlet Apartment in Ikeja GRA

If you’re budget-conscious or just want to make wise financial choices, these tips will help:

1. Book Directly

You can use platforms like Facebook or Booking.com to browse, but reach out to the host directly for a better rate. You’ll often save on service charges. Most apartments like Nimbus Nook have a functional website and social media profiles you can use to reach out to them easily.

2. Look Out for Discounts: 

Many hosts offer 10–30% off for stays longer than 7 or 30 days. This is often clearly stated on their websites. Ask for it, and they’ll gladly negotiate with you.

3. Use Reviews as a Filter:

High ratings often mean better management, accurate listings, and fewer surprises. You won’t go wrong checking out what previous apartment guests said about their experience.

Conclusion

Shortlet apartments in Ikeja GRA are designed for comfort, security, and flexibility. Whether you’re visiting for a few days or weeks, understanding the price landscape gives you the power to make smart decisions.

The good thing is that there’s something for every budget and taste, from affordable studios to luxury apartments and duplexes. With the right research and maybe a little negotiation, you can land a great space that feels like home without overpaying.

Nimbus Nook offers some of the most luxurious apartments at the best prices in Ikeja GRA. Beyond competitive rates, we deliver top-tier amenities, stylish interiors, uninterrupted power, fast internet, and impeccable service. Contact us to get details on the apartments that suit you best.

Charting a Resilient Future: Insights from the 2023 West Africa Property Investment Summit

In a significant gathering of real estate influencers, the West Africa Property Investment Summit 2023, which took place on Wednesday, 23rd November, brought together leading figures from Kenya, Ghana, South Africa, and Nigeria. Under the theme “Rewriting the Narrative: Positioning & Strategies for the Future,” the summit served as a vibrant forum for in-depth discussions and strategic planning, aiming to shape the trajectory of West Africa’s real estate landscape: “Industry Leaders Chart Course For Resilient Future At The 2023 West African Property Investment Summit.”

Resilient Future: The 2023 West Africa Property Investment Summit

Resilience in the Face of Macroeconomic Challenges

One of the key speakers, Mr Tola Akinhanmi, the Head of Real Estate Finance at Stanbic IBTC, took centre stage to address the challenges posed by the current macroeconomic environment. Despite grappling with inflation, exchange rate volatility, and fluctuating interest rates, Akinhanmi’s message was one of resilience. He underscored the real estate sector’s intrinsic strength, characterizing it as a long-term asset class that provides essential business infrastructure supporting people’s livelihoods, work, and recreation. Akinhanmi highlighted Stanbic IBTC’s commitment to working closely with sponsors, understanding assets, and structuring solutions that ensure stability, allowing these assets to remain relevant through various economic cycles.

Optimism for 2024: A Balanced Outlook

Oladapo Runsewe, the Projects and City Reports Lead at Estate Intel provided a positive outlook for 2024. Citing statistics from the Nigerian Bureau of Statistics that indicated an increase in the real construction sector’s contributions to the GDP in the last quarter, Runsewe foresaw a balanced and positive effect on the market. He emphasized the inevitability of construction and development continuing, driven by the ongoing demand for housing and real estate investments. However, Runsewe highlighted the imperative for collaboration, urging industry participants and the government to join forces on a larger scale to address the substantial housing deficit, particularly in urban centres like Lagos.

Sustainability as a Driving Force

Temilola Shonola, Head of the Edge Program at the International Finance Corporation (IFC), brought attention to the importance of sustainable building practices. Shonola urged developers to embrace green building, dispelling the misconception that it is an expensive endeavour. She introduced the IFC’s free App designed to simplify the green certification process, making it accessible for builders looking to contribute to environmental sustainability. Shonola stressed that more of the market need to adopt green building practices, not only for environmental reasons but also as a means to reduce utility costs and ensure long-term impact.

Navigating the Commercial Real Estate Cycle

Pepler Sandri, the Director of Capital Markets at JLL, delved into the complexities of the commercial real estate cycle. Acknowledging the sector’s challenges and the impact of the global COVID-19 pandemic, Sandri painted a picture of recovery and resilience. He noted that Nigeria, like many other countries, faced unique macro issues affecting its recovery. Looking ahead, Sandri expressed optimism as interest rates stabilize, predicting a potential recovery in the next 6-12 months in global developed markets. However, he cautioned that Nigeria might experience a longer recovery period, echoing sentiments from Stanbic’s chief economist, who suggested a year or two before a strong trajectory toward recovery becomes evident.

Conclusion: A Call for Collaboration and Sustainable Growth

The West Africa Property Investment Summit 2023 provided an invaluable platform for industry leaders to share insights, strategies, and collaborative approaches to propel the real estate sector forward. As the summit concluded, attendees were left with a renewed sense of optimism and determination to navigate the ever-evolving landscape of West Africa’s property market. The resounding message from the summit echoed the need for collaboration, sustainability, and strategic planning to ensure a resilient and prosperous future for the region’s real estate industry. Read More

Overpopulation: Leading To Decline In Scare Resources

Overpopulation has emerged as a global concern affecting various aspects of our lives, including the availability of resources needed for human survival. As the world’s population continues to expand at an alarming rate, it is crucial to recognize the detrimental effects it poses on our ability to sustainably manage and distribute scarce resources: “Overpopulation: Leading To Decline In Scare Resources.”

This puts immense pressure on agricultural systems to produce more food, leading to deforestation, habitat degradation and pollution caused by intensive farming practices. This article will explore how overpopulation increases the problem of resources scarcity and the consequential decline in global sustainability.

Meaning and Perspectives

Overpopulation refers to when there are more people living in a given region than there are resources available and the ecosystem can support. Due to the remarkable rate at which the world’s population is growing, this subject matter has received a lot of attention. Overpopulation can have negative effects on the environment, the economy and our overall quality of life, among other things.

One of the primary concerns associated with overpopulation is the strain it places on the earth’s limited resources. As the population increases, demand for food, water and energy rise dramatically.

The earth’s population has grown exponentially over the past century, crossing the 7.8 billion marks in 2021. This rapid expansion places an immense strain on essential resources, including food, water, energy and land.

Overpopulation: Leading To Decline In Scare Resources

The impact of overpopulation on the environment is not limited to the depletion of resources alone. Rapid urbanization often accompanies population growth, resulting in the destruction of natural habitats to make way for housing and infrastructure development. This loss of biodiversity has far-reaching consequences, disrupting ecosystems and disturbing the delicate balance between various species. It can lead to the extinction of certain plant and animal species, affecting biodiversity and undermining the stability of the entire ecosystem.

Moreover, overpopulation affects the economic landscape of nations. The exponential growth of population creates a high demand for jobs, housing, and resources. It results in increased competition for limited job opportunities, driving down wages and potentially leading to unemployment and poverty. Furthermore, inadequate infrastructure and insufficient public services become prevalent as governments struggle to keep up with the demands of a growing population, particularly in developing countries. This puts a strain on education, healthcare, and transportation systems, leading to compromised quality and accessibility of these essential services.

The implications of overpopulation extend beyond the environment and economy and permeate into the daily lives of individuals. As cities become overcrowded, congestion, traffic jams, and pollution become significant concerns, impacting air quality and overall health. Additionally, increased competition for resources can lead to social tensions, such as unequal distribution of wealth and resources, strained social services, and inadequate living conditions. In extreme cases, the population density can even result in crime rates and social unrest.

Facing the challenges associated with overpopulation requires collective action from individuals, communities, and governments. Education and family planning initiatives play a vital role in empowering individuals to make informed decisions about family size and reproductive health. Accessible and affordable contraceptives, alongside comprehensive sexual education programs, can help curb population growth rates. Governments need to invest in sustainable development, focusing on renewable energy sources, efficient agricultural practices, and improved infrastructure. Additionally, efforts to promote conservation and protection of natural habitats should be prioritized to preserve biodiversity and mitigate the environmental impacts of overpopulation.

Decline In Scare Resources 

1. Food Scarcity: With more mouths to feed, the demand for food increases significantly. Overpopulation amplifies the challenge of ensuring food security worldwide. Arable land, necessary for agriculture, is diminishing due to urbanization and soil degradation. Additionally, water scarcity further limits the ability to expand agricultural production. This interplay between population growth and limited resources leads to higher dependence on unsustainable agricultural practices, causing soil erosion, deforestation, and overuse of chemical fertilizers.
2. Water Scarcity: Availability of fresh water is vital for various sectors, including agriculture, sanitation, and industrial production. Overpopulation leads to an increased demand for water, which depletes water sources faster than they can be replenished. Furthermore, population concentration in urban areas strains local water supply systems, resulting in water scarcity and compromised water quality.
3. Energy Scarcity: The growing population requires more energy to power homes, industries, and transportation systems. Fossil fuels, which are currently the primary energy source, are depleting rapidly and have severe environmental consequences. Meeting escalating energy demands with finite resources leads to energy scarcity and the continued reliance on unsustainable practices that contribute to climate change and air pollution.
4. Land Scarcity: As urbanization spreads, overpopulated areas face a scarcity of livable space. Rapidly expanding cities often encroach on fertile lands and natural habitats, leading to deforestation, loss of biodiversity, and reduced sustainability in land use. This undermines delicate ecosystems and disrupts the balance necessary for maintaining a healthy planet.

Causes Of Overpopulation

Today the Earth is home to more than 7.8 billion people. By 2100 the population is on track to hit 10.8 billion, according to the United Nations — and that’s assuming steady fertility declines in many countries. Interestingly, if extra progress is made in women’s reproductive self-determination, and fertility falls more than the United Nations assumes is likely, the population in 2100 might be a relatively smaller 7.3 billion. Most common causes include:

1. Falling mortality rate: The primary (and perhaps most obvious) cause of population growth is an imbalance between births and deaths. The infant mortality rate has decreased globally, with 4.1 million infant deaths in 2017 compared to 8.8 million in 1990, according to the World Health Organization (WHO).

At the same time, lifespans are increasing around the world. Those of us who are alive today will likely live much longer than most of our ancestors. Global average life expectancy has more than doubled since 1900, thanks to advancements in medicine, technology, and general hygiene. Falling mortality rates are certainly nothing to complain about either, but widespread longevity does contribute to the mathematics of increasing population numbers.

2. Underutilized contraception: These women aren’t using contraceptives for a variety of reasons, including social norms or religious beliefs that discourage birth control, misconceptions about adverse side effects, and a lack of agency for women to make decisions around sex and family planning. An estimated 44% of pregnancies were unintended worldwide between 2010-2014. Getting more women, the access and agency to utilize family planning methods could go a long way in flattening the population curve.
3. Lack of female education: Although female access to education has increased over the years, the gender gap remains. Increasing and encouraging education among women and girls can have a number of positive ripple effects, including delayed childbearing, healthier children, and an increase in workforce participation. Plenty of evidence suggests a negative correlation between female education and fertility rates.

The Effects of Overpopulation

1. Ecological degradation: An increase in population will inevitably create pressures leading to more deforestation, decreased biodiversity, and spikes in pollution and emissions, which will exacerbate climate change. Ultimately, unless we take action to help minimize further population growth heading into the remainder of this century, many scientists believe the additional stress on the planet will lead to ecological disruption and collapse so severe it threatens the viability of life on Earth as we know it.
2. Increased conflicts: The scarcity brought about by environmental disruption and overpopulation has the potential to trigger an increase in violence and political unrest. We’re already seeing wars fought over water, land, and energy resources in the Middle East and other regions, and the turmoil is likely to increase as the global population grows even larger.

 Sustainable Solution To Overpopulation 

To address the challenges caused by overpopulation and the decline in scarce resources, it is crucial to adopt sustainable solutions:

1. Population Stabilization: Promoting family planning initiatives and education, empowering women, and ensuring access to reproductive healthcare can help control population growth.
2. Resource Efficiency: Encouraging sustainable farming practices, such as organic farming and irrigation management, can help conserve water and land resources. Investing in renewable energy sources and promoting energy-efficient technologies will help reduce reliance on fossil fuels.
3. Urban Planning: Developing smart cities that prioritize resource management, efficient transportation, and green infrastructure can alleviate the strain on resources in densely populated areas.

 Conclusion 

Overpopulation poses a significant threat to the availability of scarce resources and undermines global sustainability. To mitigate the decline in these precious resources, it is crucial to focus on population stabilization, resource efficiency, and sustainable urban planning. Only through collective efforts and long-term strategies can we effectively address the challenges of overpopulation and secure a better future for generations to come.

In conclusion, overpopulation is a pressing issue with profound consequences for our planet. The strain it places on resources, the environment, the economy and the overall quality of life cannot be ignored. Recognizing the importance of addressing this issue is paramount in ensuring a sustainable future for generations to come. By taking proactive measures and implementing sustainable practices, the society at large can achieve a balanced population size that coexists harmoniously with our planet’s resources. See