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Lagos Detty December Revenue: How the Festive Season Boosts the City’s Real Estate Economy

Every December, Lagos transforms into Africa’s busiest entertainment capital. With concerts, homecomings, weddings, festivals, and nightlife experiences dominating the city, “Detty December” has become more than culture — it’s now a massive economic engine.

For the real estate sector, this period drives record-breaking revenue, creating opportunities for developers, shortlet owners, Airbnb operators, landlords, and investors.

Here’s how Lagos’ Detty December translates to big money — and why investors (especially in the diaspora) should pay attention.

Couple walking on a bustling street with palm trees and skyscrapers. Sign reads "Lagos Detty December Revenue: Real Estate Boom."
Couple walking on a bustling street with palm trees and skyscrapers. Sign reads "Lagos Detty December Revenue: Real Estate Boom."

1. Shortlet Apartments Hit 90–100% Occupancy

During regular months, occupancy in high-end shortlets ranges between 40–60%.But in December?Bookings spike dramatically.

Diaspora Nigerians, returning families, celebrities, and tourists create a huge demand, especially in locations like:

  • Lekki Phase 1

  • Victoria Island

  • Ikoyi

  • Oniru

  • Chevron

  • Osapa

  • Ikeja GRA

And this drives prices up:

  • ₦80,000/night apartments jump to ₦150,000–₦250,000/night

  • Luxury units hit ₦300,000–₦500,000/night

Shortlet owners make 3–4 months’ income in just 3 weeks.

2. Hotels Experience Their Highest Yearly Revenue

Hotels in VI, Lekki, Ikoyi, and Ikeja record:

  • Fully booked rooms

  • Higher rates

  • More spa, restaurant & event spending

Detty December is the cash cow season for hospitality real estate.

3. Event Centres and Halls Sell Out Weeks in Advance

Traditional weddings, corporate events, concerts, and after-parties mean:

  • Multipurpose halls

  • Banquet spaces

  • Outdoor venues

are booked out months before December, with fees increasing by 30–60%.

If you own or invest in event spaces, December is the jackpot.

4. Increased Demand for Luxury Rentals

People visiting upscale areas prefer:

  • 3–5 bedroom duplexes

  • Serviced apartments

  • Waterfront homes

This pushes rental prices higher and boosts the revenue of landlords who choose short-term leases during December.

5. Land Sales Spike as Diaspora Nigerians Come Home

December is peak sales season for:

  • Landed properties

  • Off-plan developments

  • New estates

  • Waterfront plots

  • Gated communities

Many developers record their highest annual sales during Detty December because buyers want to:

  • Inspect properties physically

  • Meet developers in person

  • Compare options quickly

  • Make instant payments

It's the most trusted buying period for diaspora returnees.

6. Commercial Real Estate Profits Soar

Restaurants, lounges, clubs, and malls see massive customer traffic.Some businesses report:

  • Triple the footfall

  • Double revenue

  • Full-day reservations

This makes commercial spaces in high-activity zones extremely profitable for investors.

Why This Matters for Diaspora Nigerians

Detty December is not just vibes — it’s a predictable annual economic boom.Investors abroad can take advantage of:

  • The shortlet surge

  • High rental yields

  • Increased land value

  • Peak sales season transparency

  • Networking with trusted developers while in Lagos

If you’ve ever thought about investing, December is the best time to start.


🏢 Zikan Prop Solutions

🥇 Certified Real Estate Consultant | Multi Award-Winning Realtor

Helping you make the best real estate purchase & investment decisions.


📱 +234 703 000 3514

📲 IG: @zikanpropsolutions

 
 
 

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