Ibadan, the capital city of Oyo State, is presently enjoying a boom in the state’s real estate sector. There has been an impressive turnaround in real estate unlike before. The obvious evidence of this development is how major players in the industry are now coming to Ibadan, to tap into the limitless opportunities the city can offer because the environment is peaceful and cheaper to run a business compared to Lagos and Abuja.

1. Bodija Estate

In the vibrant city of Ibadan, Bodija is one of the oldest and most popular estates in Ibadan. It has old and new sides mostly with old structures, especially the old Bodija side. New Bodija is an improved phase of the estate with mind-blowing structures.

Bodija consistently earns recognition as one of the premier residential areas. Offering a diverse range of housing options, from apartments to standalone houses, Bodija blends residential and commercial spaces seamlessly. Boasting first-rate infrastructure, a well-organized road network, educational institutions, retail outlets, supermarkets, and recreational amenities, Bodija is an ideal choice for families and professionals seeking a convenient and lively community. A property here costs nothing less than 25 to 30 million naira.

2. Akobo Estate

Estates in Akobo provide a mix of affordable housing options amidst both commercial and residential spaces. Akobo is recognized for its bustling markets, shopping malls, and recreational facilities. Its accessibility to the city centre further adds to its appeal, making it an ideal choice for residents seeking a balance between urban amenities and a more suburban lifestyle.

3. Jericho

This is a government-owned estate in Ibadan and its existence dates back to the colonial era, although many new structures are springing up now. Nestled close to the city centre, Jericho is a well-established residential neighbourhood known for its serene atmosphere.

Characterized by thoughtful urban planning, pristine roads, and scenic landscapes, Jericho offers a range of housing options, including spacious detached homes and apartments. Wealthy people reside in Jericho because the area is enriched with renowned hospitals, commercial malls, recreational facilities, and educational institutions.

4. Onireke GRA

Known as the Lebanese colony of Ibadan, Onireke GRA stands out as a meticulously planned, high-end, and low-density residential enclave. With over two-thirds of its population tracing their heritage to Lebanon, some spanning three generations, Onireke GRA is a cultural and residential gem. Its popularity among investors is fueled by its proximity to Magazine Road. The Ibadan Recreation Club, the Golf Club, and Dugbe (the Central Business District) is also located in Onireke.

5. Kolapo Ishola Estate

This is another fast-developing estate near the Akobo-General Gas axis. Though it was abandoned for many years the estate has bounced back and it has since become developers’ favourite construction site, due to its location and space. Both land and developed property have turned gold here, making the estate one of the most expensive estates in Ibadan.

6. Iyaganku GRA

Sprawling across acres of land, Iyaganku GRA is adorned with magnificent homes boasting lush green lawns, swimming pools, and ample parking spaces, making it a haven for the wealthy and powerful. Iyaganku G.R.A is exclusive for super rich and powerful people. It is a residential neighbourhood with breathtaking structures.

This expensive estate is where the likes of Chief Kola Daisi, Chief Bayo Adelabu, Senator Folarin and many influential people live in Ibadan. Globacom Chairman, Chief Michael Adeniyi Adenuga also has his home (Gold Digger’s Place) within the estate. Iyaganku G.R.A is often referred to as the Lekki of Ibadan or the billionaire’s G.R.A, with high-tech infrastructural facilities including a fully armed neighbourhood police station.

7. Ikolaba GRA

Designated as one of the few officially recognized government areas in Ibadan, Ikolaba is home to numerous affluent individuals, politicians, and celebrities. The Ikolaba G.R.A. is distinguished for its exclusivity, reserved for significant individuals with the means to reside in this distinguished neighbourhood. Hosting governmental entities such as the Nigeria Customs Service, Federal Secretariat and the National Health Insurance Scheme (NHIS). Ikolaba G.R.A. serves as a hub for influential figures, contributing to its unique character and status.

8. Agodi GRA

Well-designed and strategically located, the residential neighbourhood of Agodi GRA is renowned for its accessibility to key areas within the city. Offering a mix of housing options, including elegant standalone houses and condominiums, Agodi GRA appeals to families, professionals, and retirees. The neighbourhood’s allure lies in its excellent road systems, recreational facilities, educational institutions, and commercial centres, making it a desirable living space for a diverse range of residents.

This area is where the Oyo State Secretariat, the Governor’s office and house, the Deputy Governor’s house and the First Lady’s office, Army Officers Mess are all located. A plot of land goes for 50 million and above in this area.

9. Alalubosa GRA

The upscale neighbourhood of Alalubosa stands out for its luxurious homes and exclusive ambience. Featuring a variety of architectural designs, including contemporary and colonial-influenced residences, Alalubosa impresses with well-maintained gardens, paved roads, and a tranquil atmosphere. This area is particularly favoured by affluent residents who seek both exclusivity and elegance in their living environment.

The selling point of the Alalubosa GRA, apart from the beautiful landscape, is the fact that it has large coverage areas, which now house many privately-owned estates, thereby making properties in this area a hot cake, as a plot of land is sold as high as 35 million naira.

10. Aerodrome GRA

When the former Governor of Oyo State, Otunba Adebayo Alao-Akala, proposed to convert the then-abandoned Samonda local airport to a housing estate, many came against the idea but today the place has risen to become one of the most expensive and fast-growing estates in Ibadan. At the initial stage, a plot of land was sold for about 3 million. Now the lands located in this area goes for 20 to 40 million, depending on location and size. Aerodrome GRA is one of the most expensive estates in Ibadan, it is also a hot cake due to its location; it is on a well-tarred major road, along Ojo Express road and a few metres away from the University of Ibadan.