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15 of The Best Real Estate Companies and Developers in Ethiopia
15 of The Best Real Estate Companies and Developers in Ethiopia
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Today, the Ethiopian Real Estate market is hotter than ever, especially after the new reforms being
These reforms have reignited the real estate market in Ethiopia due to the ever growing demand
for homes from both the local population and the Ethiopian diasporas.
Be that as it may, when it comes to investing one's life savings for a home, several factors come to
the forefront.
For example, it is not a new phenomenon that Ethiopian real estate commpanies and developers
have bad reputations for not delivering on time and for cost manipulation.
While some factors could not be controlled by the developers, it still remains that some
untrustworthy souls looking only to enrich themselves at the hands of innocent home buyers have
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In order to help people choose the right Ethiopian real estate developer, we have created a list we
Ayat Real Estate is a share holder's company that was created in 1997 and is one of the pioneering
They have managed to complete over 5,000 residential units, making them one of the most
Ayat Real Estate is indeed the largest construction company focused only on residential homes in
Ethiopia.
They had a bumpy beginning when they were first building and selling the Ayat Real Estate villa
houses in the Ayat area, with rumors of low quality building materials being spread.
Today, the Ayat villas which once sold for about 375,000 ETB are now being sold in excess of
20,000,000 ETB.
Furthermore, in order to pass on the savings to its clients, Ayat Real Estate has bought and built
factories for the purpose of producing the building materials they need, such as terrazzo tiles,
concrete hollow blocks, marbles, prefabricated slabs, septic tanks, metal doors/windows, wooden
At the moment, one of their largest projects is in the Ayat area of Addis Ababa with numerous
Contact
Office Address: 22 Mazoria, Baro Building in front of Meklit Building, 6th Floor,Office #4, Addis
634Ababa, Ethiopia
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Telephone/Mobile: +251 911 619492 / +251 912 420444 / +251 11 8593410
Email: [email protected]
Tsehay Real Estate Plc. became established in 2011 by China Geology Corporation Overseas
These companies would then contract Qian Tang Construction Plc. to build the complex, which
began in 2013.
Tsehay Real Estate is the first Chinese real estate company in Ethiopia and the Poli Lotus
International Center was created with the purpose of developing a new standard of living on a
The project includes high level office buildings, highly rated restaurants, a shopping mall with
cinema, luxurious apartments, sports and gym venues, playgrounds, and underground parking.
Built at the cost of 3 billion ETB, the 13 buildings have 12 floors with only two units per floor.
The complex has a property management company setup which handles security, cleaning,
Technology allocated to the buildings include, intercom with video systems in each apartment,
perimeter security and protection through CCTV cameras and uniformed guards at every entrance.
Water and electricity supply are setup within the compound, which means there is 24 hour supply
of both.
Each building has multiple types of units, ranging from 2 bedroom units of 140 square meters to 5
bedroom penthouses of 275 square meters. All 13 buildings will have 646 units, 300 of which are 2
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Each unit will have access to parking area for one car (additional cost for more parking), and
ground level units will have gardens, while those above will have terraces.
Buyers will be required to make a down payment of 70% for the units they want to purchase, with
prices beginning at 1,100 USD per square meter; the price will increase for units higher on the
buildings.
Contact
Email: [email protected]
Noah Real Estate Plc. was established in 2012 and it is the sister company to Great Abyssinia Plc.
which brought several well received products to the Ethiopian market, such as, Abyssinia Coffee,
Prigat Juice, Tulip, Aby Soda, Abyssinia Springs bottled water, products made with Nestle, etc.
Noah Real Estate is hoping to transfer the company's good name towards the often unreliable real
The company has sites in fourteen different locations and has delivered 3,600 apartments, houses,
Recently, Noah Real Estate built and finished 7 floored residential complexes known as Noah East
Gate Apartments.
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The units have 2 and 3 bedrooms ranging from 86 square meters to 172 square meters, and their
The Noah East Gate Apartments are located in an important part of the city, called CMC and the
apartments will have waste management systems, water tanks, and generators.
Payment for the apartments are done in 4 installments, starting with a down payment of 30%
when the residence is 50% complete and ending with the last 15% payment upon transfer of title.
Noah Real Estate is also delivering about 454 homes around the Summit, Ayat and Bole areas of
Contact
Main Office Address: Abyssinia Plaza 12th floor in Bole, Next to Bole Medhanialem Church
Email: [email protected]
Metropolitan Real Estate is an American organization that has business dealings in the US and
Turkey. As of 2008, they decided to enter into the Ethiopian real estate market.
Metropolitan is mainly focused on the luxury living market, with their apartments located in prime
Their first major residential project in Ethiopia was Metropolitan Sarbet Gabriel Apartment
This luxury apartment developer is currently selling Bole Tower Apartments, Bole Midtown
Apartments, Metropolitan Westview Apartments, and the above mentioned Metropolitan Sarbet
Gabriel Apartments.
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Metropolitan Real Estate luxury apartments come with 24/7 uninterrupted electricity, security, large
Contact
Main Office Address: Bole, Next to the Ukrainian Embassy, in the area of Friendship Hotel, Addis
Ababa, Ethiopia
Email: [email protected]
Flintstone Homes is considered to be one of the most reliable real estate developers in Ethiopia.
Tsedeke Yihune, the CEO and founder began with Flinstone Engineering in 1991 and later created
Flintstone Homes' first major real estate project was called Twin Crossings and it had 40 villa
They completed this massive project within a year, and it became the first time that an Ethiopian
Currently, the company has many finished projects that are currently for sale. Prices begin from
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Contact
Office Address: Wollo Sefer, Ambasel Building, 8th floor / Bole Medhanialem, in front of Kebe
Email: [email protected]
Sunshine Investment Group is without a doubt one of the most popular real estate companies in
Ethiopia.
When thinking about real estate in Ethiopia, the name Sunshine will always come up and this is all
The founder and president of Sunshine Investment Group is Samuel Tafese, who has over 33 years
His hard work, strong ethics and efficiency has enabled him to build 984 kilometers of road
With a track record such as this one can understand why this company is considered one of the
Sunshine has received the International Diamond Award on Quality in 2016, the Century
International Quality ERA in 2014, and the International Quality Summit in 2012.
Currently, Sunshine Investment Group is working on a major residential project known as the CMC
These homes are found in the Bole Sub City, the CMC project is on a 138,500 square meters plot
There are 280 apartments, 22 villa houses on 250 square meter plots, 43 villa houses and 33
Contact
Main Office Address: Sunshine Building Ethiopia, Africa Avenue, Addis Ababa, Ethiopia, P.O. Box
107
Telephone/Mobile: +251-115-513289
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Fax: +251-115-512444
Email: [email protected]
Gift Business Group, established in 2004, is made up of Gift Trading, Gift Construction, GNM
Industries, Gift Building Materials, Gift Nails Manufacturing Plc., Gift Property Management Plc.,
Gift Real Estate has been building houses for a little less than a decade in Ethiopia and has built
Due to their success at building homes that satisfied and surpassed the people's expectations, Gift
Their ownership of manufacturing industries targeting the construction of homes and buildings has
helped them pass down the reduced cost of sourcing materials on to their clients, thereby providing
Both their location sites are in the CMC area, which is currently booming and a hotspot for new
home owners looking for a place away from the bustling center of the city.
Gift Real Estates delivery time is also considered exceptional, as they only require a year and a
The availability of beautiful scenery is a plus as the homes are located on elevated surfaces
Green areas, playgrounds, shopping venues and common parking provide more perks for their
clients.
Contact
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Main Office Address: Sierra Leone Street, Beklo Bete in front of (CBE) Temanja Yaji Bank Branch,
Habitat New Flower Homes Plc. was established in 1999, by Engineer Berhane Abate and
Engineer Tadesse Haile Selassie, who are the founders of Berta Construction which was created in
Berta Construction is a behemoth when it comes to the construction sector in not only Ethiopia, but
in Kenya also.
The company has built bridges, roads, dams, factories, buildings, as well as 4 luxury hotels.
The founders were also praised by the Prime Minister of Ethiopia and also received the
Using their well established accreditation, Berta Construction launched Habitat New Flower Homes
along with factories that will support its operations, such as, a marble factory, a roof tile factory,
For the time being, Habitat New Flower Homes is building luxury homes in prime locations, but
envisions tackling the housing shortage by building low cost affordable homes in the near future.
Contact
Fax: +251-115-51-48-33
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Email: [email protected]
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Official Website: http://www.habitatnewflowerhomes.com
Enyi Real Estate was established in 2005 has since been engaged in the building and delivery of
Using the technical backup of their respectable and efficient subsidiary companies such as Enyi
Construction, Finfine Furniture Factory, Enyi Ethio Rose, Unicorn Plc., Ethio Cement and Rainbow
Paint, they have managed to so far complete the immaculate Roseland Luxury Homes on Jimma
Road.
Their current work includes the Bole Palm Housing Development Project which is four kilometers
away from Bole Michael Square and a short seven minutes away from Bole Road.
Contact
Main Office Address: Piazza 3F Building, 6th Floor, Addis Ababa, Ethiopia
Telephone/Mobile: +251-919-31-42-42
Email: [email protected]
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An attractive offer from Legacy Real Estate includes their bank financing options for the Ethiopian
Currently, Legacy Real Estate has completed the Legacy Apartments which are truly luxurious with
Some of the features include: fire alarms/smoke detectors, full fire protection system, 24 hour CCTV
security systems, entrance security, centralized satellite TV system, telephone and internet systems,
mechanical ventilation systems, intercom systems, fully equipped gyms, laundry service, and private
parking areas.
Contact
Main Office Address: Wello Sefer, across from Ibex Hotel, and close to the Saudi Embassy, Addis
Ababa, Ethiopia
22
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Evergrand Real Estate Plc. was established in 2013 as a researcher, building material supplier,
They have helped build massive projects such as the Tsehay Real Estate Project.
In 2014, Evergrand established their own real estate development company and has already
They are currently working on several luxury apartments located throughout the city in prime
Considering their location, Evergrand Real Estate's luxury apartments are also considered
affordable, with a base price of about 110,000 USD or about 2,970,000 USD.
Contact
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Yotek Real Estate which is a subsidiary of Yotek Construction Plc. was created in 1998 by Yohannes
Teklay.
The company has undertaken various massive projects such as the construction of buildings, roads,
Yotek has completed different projects worth over 9,000,000,000 ETB and is at the moment hard
With over 5,500 employees working for Yotek, they are well positioned to handle any real estate
The types of houses they are offering at the moment are villas of 250-300 square meters, G+1 and
Their real estate areas offer the following facilities: tennis courts, basketball courts, commercial
Contact
Main Office Address: Yotek Construction Headquarters, in front of African Union, Addis Ababa,
Ethiopia
Telephone/Mobile: +251-115-57-31-96/98
Fax: +251-115-57-31-87/97
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Pluto Real Estate is building their flagship project called the CMC Residential Project on the CMC
road close to ALTAD, which is a location that offers great access to schools, hospitals,
supermarkets, shopping malls, and even the new light railway station.
An aspect that sets their project aside from the others is that Pluto Real Estate claims to offer "not
just an apartment" but an area with more than 6,000 square meters of pedestrian friendly gardens
Contact
Main Office Address: 5th floor in Snap Plaza Building on Bole/Airport road
Fax: +251-116-67-34-15
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Hassenias Real Estate is a relatively newcomer to the Ethiopian real estate development market
but it has been lauded for their beautifully designed villa houses that they build.
They offer plot sizes of up to 500 square meters for villa houses that can be G+1 or G+2.
Prices for this type of house ranges in the 5,000,000 ETB to 6,500,000 ETB depending on if the
client wants Hassenias Real Estate to undertake the finishing work or not.
Contact
Main Office Address: Wello Sefer, Ethio China Friendship Avenue, Medina Tower 4th floor, room
Email: [email protected]
Nova Real Estate is another relatively newcomer to the Ethiopian real estate sector but has gained
some popularity due to their focus on luxury villa houses and apartments.
Contact
Main Office Address: Welo Sefer, Ethio-China Friendship Avenue, Fetle Building, 1st floor
Fax: +251-114-70-02-95
Email: [email protected]
Sales Representative Office: Bole Medhanialem, Gulf Aziz Building, room number 120, Vinta
634Trading Plc.
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Telephone/Mobile: +251-911-67-35-49
Fax: +251-114-70-02-95
Email: [email protected]
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