A new trend is changing how people live, travel, and invest in real estate in Nigeria. 

Serviced apartments are now the top choice for accommodation in major cities. Business travellers book them for short stays, and expats choose them for the comfort, luxury, and flexibility they offer.

In cities like Victoria Island, Maitama, and Port Harcourt, one thing is clear—serviced apartments are becoming more popular. Whether the area is calm or full of energy, more people are choosing this modern way of living.

These fully furnished, hotel-style apartments offer comfort, convenience, and a modern lifestyle. They’re a top choice for professionals, digital nomads, and upwardly mobile Nigerians who want flexible and stylish living.

So, what’s driving this surge?

Let’s explore what’s driving the rise of serviced apartments and how this growing trend is changing Nigeria’s real estate and hospitality industries.

What Are Serviced Apartments?

Serviced apartments are fully furnished living spaces that come with hotel-like amenities.

Unlike regular apartments that often require long-term leases, serviced apartments are available for both short and long stays. They typically include utilities, housekeeping, Wi-Fi, kitchen appliances, and sometimes even concierge services.

In short, they offer the comfort of home with the luxury of a hotel, making them a great option for people who want flexibility, convenience, and style.

Why Are Serviced Apartments Booming in Nigeria?

 

1. Remote Work and the Rise of Digital Nomads

The global shift to remote work has impacted Nigeria as well. Today, professionals no longer need to live in one city. From tech workers to consultants, people are travelling while working. These digital nomads seek short-let apartments that offer Wi-Fi, workstations, and a peaceful environment.

Cities like Lagos and Abuja are becoming digital nomad hotspots.

 

2. Corporate Housing for Business Travellers

Multinational companies, NGOs, and government agencies often need to accommodate employees for medium to long-term assignments. Hotels can be costly and lack the space or comfort needed for longer stays.

Serviced apartments provide a more affordable and comfortable alternative, making them ideal for business executives, expats, and consultants.

 

3. Growing Local Tourism

More Nigerians are exploring their own country. Weddings, events, and holidays are leading people to travel more frequently. Instead of hotels, many now prefer short-let apartments, especially for group or family stays. The privacy and extra space make serviced apartments a better option.

4. Value for Money

Let’s face it, Most hotels in major Nigerian cities are expensive. For the same price, you can get a 2-bedroom serviced apartment with a kitchen, living room, and even laundry facilities. Travellers looking for comfort without breaking the bank often choose serviced apartments.

5. Security, Power, and Amenities

In Nigeria, access to basic amenities is a top priority. Serviced apartments offer 24/7 electricity, steady water supply, CCTV surveillance, gated security, and backup generators. These features make them more attractive than older rental homes or hotels, which many Nigerians now view as less safe and less reliable.

 

Key Locations: Where Are Serviced Apartments Thriving?

1. Lagos

As the economic heartbeat of Nigeria, Lagos is leading the charge in the serviced apartment boom. Popular areas include:

• Ikoyi is upscale and serene, and popular with executives.
• Victoria Island – home to expats, digital nomads, and companies.
• Lekki Phase 1 & 2 – trendy, youthful, and full of short-let listings.
• Ikeja GRA – ideal for travellers who want to stay on the mainland.

 

Related: Where to Find Budget-Friendly Homes in Lagos in 2025 

2. Abuja

The capital city offers a more planned and calm environment, attracting both expats and wealthy Nigerians. Key areas include:

• Maitama – luxury and elite living.
• Asokoro is popular with diplomats and politicians.
• Garki and Wuse – central and affordable.

 

Port Harcourt

The oil-rich city draws professionals from the energy and construction sectors. Serviced apartments are growing in:

• Old GRA – classic and peaceful.
• Peter Odili Road – a hot spot for short-lets.
• Trans Amadi – near industrial zones.

The Investor’s Perspective: A Real Estate Goldmine

 

Savvy investors are quickly recognising the profitability of serviced apartments. Here’s why:

• High rental yield: Short-let units often generate more income than traditional rentals.
• Steady demand: Corporate clients, event-goers, and tourists create year-round occupancy.
• Scalability: Investors can start small and expand as bookings grow.

Platforms like Airbnb, Booking.com, and local sites like Shortlet.ng have made it easy for property owners to list apartments and manage bookings from anywhere.

As a result, many developers now build with short-let in mind—fitting apartments with stylish interiors, reliable internet, and smart home technology to attract modern renters. 

 

Challenges Facing the Sector

1. Infrastructure Costs

While generators and water tanks provide reliability, they also increase maintenance and overhead costs.

2. Internet Reliability

Tenants expect fast, reliable Wi-Fi. In areas where broadband is weak, landlords must invest in costly alternatives.

3. Legal & Regulatory Issues

There is still a grey area in Nigeria regarding short-term rental laws. Some neighbourhoods oppose short-lets, while others may start introducing taxes or permits.

4. Safety Concerns

Security levels vary across cities. To ensure safety, it’s important to vet tenants, install surveillance systems, and work with trusted property managers.

 

The Road Ahead: What’s Next for Serviced Apartments in Nigeria?

 

The future is bright. Here’s what to expect in the next 5–10 years:

• More tech adoption: Smart locks, keyless check-in, and automated booking systems.
• Expansion to other cities: Enugu, Ibadan, Uyo, and Benin City are catching on.
• Professional property management companies will dominate and standardise services.
• Government involvement: We may soon see clear regulations, licensing, and taxes.

In the long run, serviced apartments could become a core part of Nigeria’s real estate economy, contributing significantly to tourism, urban development, and job creation.

 

Conclusion

Serviced apartments are more than just a real estate trend—they represent a cultural shift in how Nigerians live, work, and travel.

Whether you’re:

• A traveller looking for more comfort and space,
• An investor seeking new income streams,
• Or a professional relocating for work,

Serviced apartments offer a modern, flexible, and profitable solution.

So next time you’re visiting a Nigerian city, skip the hotel. Book a serviced apartment and experience the difference.