01
OWN
You own the apartment.
Your apartment is your property with full right of ownership. The development's title is a Lagos State Certificate of Occupancy (CofO).
Victoria Island · Hotel-managed ownership
Reportage Tower Victoria Island
Own a luxury hotel apartment in one of Lagos's most prominent commercial districts.
A 27-floor, 611-apartment development on Ozumba Mbadiwe Road, combining private ownership with professionally managed hotel operations.
Developed by
Reportage Group, UAE — in joint venture with the Lagos State Government (LSDPC)
Joint venture agreement signed 17 October 2025 and reported in the national press.
Studios: Sold Out1 to 3 Bedrooms Remaining
From
$201,250
Stated delivery
28 months
Projected return
18%–22%
Views
City & lagoon
Return is a projection, not a guarantee. See how it's calculated.
5,689.6 sqm
Plot area
611
Total apartments
27
Residential floors
Hotel apartments
Development type
Government partnership
A joint venture signed with the Lagos State Government
Reportage Tower is being delivered by Reportage Group of the UAE in partnership with the Lagos State Government, through the Lagos State Development and Property Corporation (LSDPC). The joint venture agreement for the hotel apartment development on Ozumba Mbadiwe Avenue, Victoria Island, was signed on Friday, 17 October 2025 and publicly reported.
Reportage Group is headquartered in Abu Dhabi with projects across the UAE, Egypt, Morocco, Türkiye, Uganda and Saudi Arabia, and has opened its Nigerian office at Osborne Foreshore, Ikoyi.
Press coverage
“Reportage/MEH, LSDPC Partner to Build 27-Storey Luxury Hotel in Lagos”
THISDAY Live, 27 October 2025 — national press reporting of the joint venture between Reportage Group and the Lagos State Development and Property Corporation.
Read the report on THISDAY LivePhotographs from publicly reported coverage of the signing visit, October 2025.
What we've verified
Joint venture with Lagos State
Signed with LSDPC on 17 October 2025.
National press coverage
Reported by THISDAY Live, 27 October 2025.
Title
Lagos State Certificate of Occupancy (CofO).
Price schedule
Current unit-by-unit price list, September 2026.
Construction
Piling underway on site — photographed September 2026.
What we're obtaining for you
Hotel management agreement
How the hotel runs your apartment and allocates income.
Deed of Sublease
Your title document granting full ownership of the Apartment.
Fee schedule
Provides a clear breakdown of the applicable costs, including the furnishing cost of the apartment and other associated charges.
We obtain and review the approvals and agreements with your lawyer before you reserve. Nothing is signed until you have read them.
Architectural preview film
The 27-Storey Completed Vision
A full architectural visualisation of Reportage Tower, showing how the completed development on Ozumba Mbadiwe Road is designed to present.
The film moves from the arrival level through the podium and up the residential wings, giving a clear sense of the tower's proportions, balconies, lighting and amenity decks.
27 residential floors
The full height of the tower as designed.
Dual-aspect wings
City-facing and lagoon-facing apartment frontages.
Elevated amenity deck
Pool and leisure terrace above the podium levels.
Private arrival
Ground-level entrance and drop-off approach.
This film is an architectural visualisation of the completed design and is illustrative only. It is not a record of current site progress; construction is presently at piling stage, as shown in the verified construction update below. Final built detail, finishes and landscaping may differ.
Reportage Tower · Architectural visualisation
The ownership model
Own the Apartment. Let the Hotel Operate It.
Reportage Tower gives you the opportunity to own a premium apartment in Victoria Island while a professional hospitality operation takes care of its day-to-day hotel use.
When you buy an apartment, you own the apartment. The hotel operates it as part of the hospitality operation, allowing you to participate in the income generated from hotel operations while also enjoying owner benefits.
02
OPERATE
The hotel manages the operation.
The apartment is professionally operated as part of the hotel, so you do not have to personally manage the day-to-day hospitality operation.
03
EARN
You earn from the hotel operation.
The project has an expected annual return of 18%–22%, subject to hotel performance and the applicable terms.
04
STAY
You can enjoy your property.
Owners are entitled to complimentary stays for a specified number of days each year, subject to the applicable owner-stay terms.
05
SELL
You retain the right to sell.
Because you own the apartment, you retain the right to sell or transfer it, subject to applicable contractual, legal and administrative requirements.
You buy it. You own it. The hotel runs it. You earn from it. You can stay in it. And when you're ready to exit, you can sell your ownership interest.
What belongs to you?
The apartment.
What does the hotel do?
The hotel manages and operates the hospitality side of the property.
What does this mean for you?
You remain the owner while the hotel handles the operation.
In simple terms
You are not buying a hotel room that you simply have the right to use. You are buying an apartment that you own.
The difference is that the apartment is professionally operated within the hotel environment rather than being managed by you as a conventional rental property. That means you retain ownership while benefiting from professional hotel operations, projected rental income and owner-stay benefits, subject to the applicable terms.
Your ownership does not disappear because the hotel manages the apartment.
The hotel management arrangement is simply how the property is operated. Your ownership of the apartment remains yours, subject to the applicable purchase and title documentation.
If you later decide to sell, you retain the right to sell or transfer your apartment subject to the applicable requirements. If the property has increased in value, you may benefit from the resulting capital gain.
Projected annual return
18%–22%
A projected annual return of 18%–22% is associated with the hotel operation, subject to hotel performance and applicable terms. It is a projection, not a guarantee — one benefit of the model, alongside ownership itself.
Worked example · 1-bedroom, city view
How a $201,250 apartment reaches ~20%
- Nightly rate
- $400
- Occupancy 70% × 365
- 255 nights
- Gross room revenue
- $102,000
- Less operating costs & management fees (60%)
- − $61,200
- Owner income per year
- $40,800
- Owner income ÷ purchase price
- 20.3%
Assumptions from our Victoria Island hotel-apartment research. At $300/night or 60% occupancy the figure falls below 18%. Projection, not a guarantee. See the full scenarios
AOP Homes | Advisory
How Hotel-Managed Apartments Actually Work
Our full guide to the hotel-apartment model: what you own, how accommodation revenue reaches the owner, owner-stay and resale considerations, and how Dubai, the United States, the UK, Australia and Singapore structure the same arrangement.
Live purchase guide
Price and payment calculator
Prices are in US dollars, with an indicative Naira figure underneath. Each plan shows its own deposit, payment period and discount.
List price
$201,250
≈ ₦276,718,750
Benchmark ₦1,375/$1 (Aboki Forex parallel rate). Naira figures are indicative; settlement follows the seller's contract.
Your price on Pay in full - 3 Months (25% discount)
$150,938
≈ ₦207,539,063 · saves $50,313
Deposit · 20% on signing
$30,188
≈ ₦41,507,813
Balance · 80% within 3 months of signing
$120,750 ≈ ₦166,031,250
Fully paid within 3 months — nothing further during the build or at handover.
Pay in full within 3 months: 25% off. 20% deposit on signing, balance within 3 months. Figures are illustrative and exclude additional costs; we confirm your final schedule and discount eligibility with the developer before you reserve.
| Apartment | Approx. size | City view | Lagoon view | Position |
|---|---|---|---|---|
| 1 Bedroom | 62 sqm | $201,250–$228,850 | $208,150–$239,200 | Available |
| 2 Bedroom | 92 sqm | $304,750–$343,850 | $313,950–$361,100 | Available |
| 3 Bedroom | 122 sqm | Not listed | $425,500–$487,600 | Limited |
Supplied asking prices — September 2026. Studio availability is recorded as sold out. Unit availability, floor premiums and final figures can change before reservation.
Place and daily operation
Ozumba Mbadiwe Road, Victoria Island.
Positioned within Victoria Island, with access toward Ikoyi, Lagos Island, Oniru and Lekki Phase 1. Journey times vary and are not stated as fixed.
Infinity Pool
Grand Lobby
Gymnasium
Retail Areas
Jogging Track
Podium Parking
Kids' Play Area
Childcare Facilities
Conference Centre
Housekeeping
24/7 Security
Facility Management
Verified construction update
Project Currently at Piling Stage
Construction has progressed to the piling stage, marking a significant advancement in the development of Reportage Tower. Foundation piles are being drilled on site with the rotary piling rig and supporting plant in operation.
- ✓Site Preparation
- ✓Excavation
- ●Piling StageCurrent
- Structural Construction
- Completion & Handover
Site photography: Reportage Group construction update. Photographs shown are from the current piling-stage site works; architectural visualisations are shown separately.
Reportage AI advisor
Ask a precise project question.
Explore the price schedule, payment plans, ownership model, stated delivery and construction update. Missing facts remain marked as unverified.
Start a conversationWho should review the title and purchase agreement?
How exactly is hotel income allocated?
Which charges are deducted before owner proceeds?
How many owner-stay days apply, and at what cost?
What happens if delivery is delayed?
Can I transfer before completion?
Document room
The pack we assemble for you.
The factsheet covers scale, unit mix and amenities. We collect every document below and walk through it with you and your lawyer before you reserve.
Download factsheetCurrent price and availability schedule
Sale and purchase agreement
Title and survey documents
Development approvals
Hotel-management agreement
Service and management charge schedule
Owner-stay policy
Resale and transfer procedure
Developer pedigree
Reportage Group, UAE — in joint venture with the Lagos State Government
Reportage Group is an international real estate developer founded in Abu Dhabi, with projects across the UAE, Egypt, Morocco, Türkiye, Uganda and Saudi Arabia, and a Nigerian office at Osborne Foreshore, Ikoyi. Reportage Tower is being developed in joint venture with the Lagos State Government through the Lagos State Development and Property Corporation (LSDPC), under an agreement signed on 17 October 2025; the partnership structure and each party's obligations should be confirmed in the project documents.
- Founded
- 2014
- Headquarters
- Abu Dhabi, UAE
Selected delivered projects
Al Raha Lofts 1 & 2
Al Raha Beach, Abu Dhabi
Waterfront loft residences delivered across two phases.
Oasis Residences 1 & 2
Masdar City, Abu Dhabi
Two completed residential communities in Masdar City.
Rukan Lofts — Phase 1
Dubai, UAE
The first delivered phase of a gated townhouse community.
Selected current portfolio
Reportage Tower
Victoria Island, Lagos
A 27-floor hotel-apartment landmark with 611 residences.
Verdana
Dubai, UAE
A multi-phase collection of apartments and townhouses.
Oceana
Fujairah, UAE
A waterfront collection of apartments and penthouses.
Brabus Island
Abu Dhabi, UAE
A premium island community of residences and penthouses.
The Wadi
Abu Dhabi, UAE
An expansive residential community of homes and apartments.
Portfolio selection compiled from Reportage Group's official materials and published project records. Past delivery elsewhere does not guarantee the delivery, timing or finish of Reportage Tower.
Buyer FAQ
Questions to settle before buying
What exactly am I buying?+
An apartment in the tower, held under the development's Lagos State CofO. The hotel-management agreement governs how it is operated; it does not make the operator the owner.
Who owns the apartment?+
You do, as the named purchaser, once purchase and completion requirements are met. We review the exact interest conveyed with your lawyer before you reserve.
How does the hotel-management model work?+
A hospitality operator runs reservations, guest services and housekeeping under a management agreement. We are obtaining that agreement and will take you through it before you commit.
How do owners earn income?+
Owners share in income from hotel operations after operating costs and management fees. See the worked 1-bedroom example on this page for how the numbers fit together.
Is the projected 18%–22% return guaranteed?+
No. It is a projection, not a guarantee. Actual performance can be lower or higher and depends on operations, costs, demand and market conditions.
Can the owner stay in the apartment?+
Yes — owners receive complimentary stays each year. We are obtaining the owner-stay policy so you know the exact days and booking rules before you reserve.
Can I resell or transfer the apartment?+
Yes, subject to the sale and management agreements and the developer's transfer procedure. We obtain that procedure and its fees for you up front.
What is the stated delivery period?+
28 months under the supplied commercial terms. We review the timetable, start point and remedies in the contract with your lawyer before signing.
What additional costs should I budget for?+
Legal, documentation, statutory, service and furnishing costs. We obtain the full fee schedule for you so the total is clear before you reserve.
Can AOP Homes verify current availability?+
Yes. David requests the latest unit schedule, price and payment milestones from the developer on your behalf.
Private buyer request
Request the current Reportage Tower buyer pack.
Your unit and plan from the calculator are already filled in. Four fields and you're done.
Calculator selections are indicative and do not reserve a unit.
Enquiry status
Track an existing enquiry
Enter the reference we gave you and the email you used.
AOP Homes Advisory
Local intelligence for Victoria Island
Read the area context, current asking price observations and the checks that matter before you commit to Reportage Tower.
Neighbourhood guide
Victoria Island
Commercial core, Oniru and the waterfront addresses buyers weigh against each other.
Read moreProperty guide
How hotel-managed apartments work
What you own, how accommodation revenue reaches the owner, and resale considerations.
Read moreMarket insight
What is a luxury hotel apartment worth per night?
Nightly rate, occupancy, operating costs and owner profit share worked through against the purchase price.
Read moreAOP Homes advisory