Using Your Apartment for Airbnb in Lagos: What You Need to Know
Short-let apartments in Lagos have evolved from a niche product to a mainstream investment strategy. For the right unit in the right location, gross annual yields of 18–28% are achievable. Mannavilla LTD is built for exactly this opportunity. Here is the full picture.
Why Lagos Short-Let Works
Lagos receives over 2 million international visitors annually, and the domestic business travel market is enormous. Yet the international hotel supply — particularly at the 4- and 5-star level — remains limited and expensive. A well-presented, well-located short-let apartment fills this gap at a price point that works for both the guest and the operator.
Why Mannavilla LTD Is Built for Short-Let
- Airport proximity: 10 minutes from Murtala Muhammed International Airport — the single biggest driver of short-let bookings in Ikeja
- Smart home features: Alexa automation and keyless entry are among the top-rated amenities on Airbnb globally — guests pay a premium for them
- Estate amenities: Swimming pool, gym, 24/7 power and security make Mannavilla LTD a self-contained experience
- Fit-and-finish quality: Marble finishes, fitted kitchen, stone masonry and high-quality fixtures photograph well and command higher nightly rates
Realistic Revenue Projections
A well-managed 2-bedroom at Mannavilla LTD, at a conservative average nightly rate of ₦80,000 and 70% occupancy, would generate approximately ₦20.4 million annually. At an outright purchase price of ₦180 million, that is a gross yield of approximately 11.3% — before factoring in property appreciation.
With active management, premium nightly rates (₦120,000–₦150,000 for the Maisonette) and high-season premiums, yields well above 15% gross are achievable.
Practical Considerations
Before launching a short-let operation, ensure you: register with Lagos State Tourism Board (if required), have appropriate public liability insurance, factor in property management fees (typically 20–30% of revenue for a full-service manager), budget for furnishing the unit to a 4-star standard, and comply with Mannavilla LTD estate management guidelines on short-let usage.
Our sales team can connect you with shortlet management operators who are already planning to partner with Mannavilla LTD residents. Get in touch here.
