Online Money Spinner Blog

Top Real Estate in Ethiopia | Buy Home in Addis Ababa | 2024

The Ethiopia Real Estate Industry

Top Real Estate in Ethiopia (Ranking of 2024)! In this web page, we have reviewed the best real estates that are building luxurious apartments, and homes in Addis Ababa, helping you buy one. We have done a great job to do that from the moment we started the website back in 2021.

It’s been a long time coming to unveil the Top Real Estates of Ethiopia that made the country remain the secrets of an ancient land. Sure, no one wants us to leave it high and dry like this, so let’s go back in time and start from the bottom for you’all ETHIO real estate advocates.

True! You might be calling yourself a brand new Ethiopian real estate property buyer diaspora for the country right now. However, do you know exactly that 2 million years ago ancient humans were living in the most highland parts of Ethiopia? 

Guess what? — Based on history, the early found treasures like fossils, jawbones, and ash from volcanic cataclysm that belong to the Homo erectus genesis are from Abyssinia (the oldest name of the country). 

Once started as the Kingdom of Aksum, one mighty empire of the ancient world, during the 1st C.E, the country has thrived for many years, controlling a large territorial state, becoming a wealthy African civilization financially, and getting into nowadays competitive real estate sector. 

Most significantly, the deed achieved at the Adwa battle makes Ethiopia one of the only independent states in Africa from European colonial powers. Because of that it also led it to become the headquarters of the African Union (AU), which was established on May 25, 1963. 

Just like that, right now, Addis Ababa is called the 3rd best diplomatic city in the world, only preceded by New York and Geneva. How amazing is that? We haven’t even talked about top real estate in Ethiopia, yet (which is the main target of this unique article).

Coming to the point, our story of the real estate sector begins by Ayat Real Estate, where the seeds of a vibrant market were sown in the market of Ethiopia. Fueled by urbanization and some of the fastest growing economies ever seen in history, today it is thriving to make the country the African Dubai. 

In 2024 and beyond that, from government initiatives to private ventures, the real estate landscape of Ethiopia is here to stay for the long haul and offer something special for EVERYONE, and undoubtedly for YOU too.

Beyond Apartments (Built by the Best Real Estate of Ethiopia), Addis Ababa’s Attractions.

With a population of 5 million, Addis Ababa, the capital of Ethiopia and the diplomatic center of Africa, with its real estates, is one of the fastest growing cities with aspiring and long-term visionary entrepreneurs being supported by genuinely down-to-earth helpful microfinance institutions and bank loans as well. 

The city, amazingly, hosts 30 % of the urban population of the entire country of the nation. So when you come to check-on a list of real estate in Ethiopia by any means, expect +95% of them putting their construction mark in the middle of Addis.

The establishment of the Addis Ababa (a translation of “New Flower”), which its legacy transcends and bypasses any place that exists like Fasiledes Gondar, Lalibela, Axum, and other nowadays major and modern cities of Ethiopia like Hawasaa, Bahir Dar, and Mekelle, all started back in 1988. 

If you want to know why, this was the moment when Emperor Menilek II, who had introduced many cutting-edge innovations and also built historical construction real estate in Ethiopia, persuaded his wife Empress Taitu to build a house near the hot springs at the foot of the tableland.

Moving on, beginning from April 2018, led by the respected Prime Minister of Abiy Ahmed, Ethiopia has embarked on an ultimate transformative journey of construction to achieve milestones that have never been seen before in the whole continent of Mama Africa. 

From inviting La Gare (by Eagle Hills a Subsidiary of Emaar Properties, which is the company of Dubai) to join the local real estate, to giving a large-scale development called “Ye Chaka Project” to OVID Group’s, it seems as if everything is about to change with a blink of an eye!

On a geographic location of well-watered plateau surrounded by hills and mountains like Entoto and Furi (a site where Ethiopian radio station’s live air is disseminated), and combined with its current stabilized political and socio-economic status, the city is perfect for anyone. 

With 86 great cultural diversity coming from all corners of the country in search of employment opportunities, better lifestyle amenities, as well as good services, this chaotic and bustling capital of Africa is welcoming you with wide open arms. I think this alone answers the How, Which, and Who’s of Addis Ababa.

On top of all of that, walking around, one can easily find International Foreign Embassies, Operating Bank Firms, Life-Saving Insurance Companies, Supportive Microfinance Institutions, Honorary Professional Consulates, and Delicious Local Foods.

We forget very important things. Also, Out of This World Apartments built by the Top Real Estates of Ethiopia are what you came across through the city. Told you before, Ethiopia isn’t just about bricks-and-mortar like some Mr X’s try to damage her reputation without knowing a thing or two.

Are You Ready to Become a Homeowner in Addis Ababa, Ethiopia? It’s Time, We Gonna Got Your Back.

Whether you’re exploring a strategic real estate investment options for 24/7 cash flow, or on your way to owning one of the lucrative homes that you’ll ever find in Addis Ababa, you don’t have to go for Ethiopian TV’s such as EBS, or other popular outlets like our Grandpa did in the 1990’s. 

TVs, Radio, and Newspapers are traditionally outdated channels (remember we are in the ever-evolving and competitive digital age). Likewise Online Money Spinner is your one and only trusted website to guide you find the best real estates of Ethiopia in 2024.

We have said that, with relatively low crime rates, and a strong warming and inclusive community feel, Addis Ababa surely has to be in your next real estate property, and housing investment bucket list. In return, to help you with finding the top ones, we are working dedicatedly on our authoritative blog.

Top 10 List of the Best Real Estate in Ethiopia (2024 Rankings):

Best Real Estate in Ethiopia

Predicting the future development economy, Ethiopia, with its current endeavoring fast growth, has the potential to become a leader in the African economy as Addis Ababa serves as the headquarters of major international organizations

The truth is that in 2024 through Ethiopia’s vibrant and thriving local real estate market, you’ll never find the perfect time to unlock your dream home investment than the year we are in. Roger that!

If you’re ready for these rankings, let’s experience the Best Real Estates of Ethiopia that stands out with their high-rising apartment among other hundreds of potential options available within a few miles in the cool areas of beautiful Addis Ababa.

#1. Ayat Real Estate.

Ayat Real Estate was established in 1996, and it is a leading real estate in Ethiopia that stands out for its integrated approach for the past 3 decades. It is easy to say that Ayat S.C. is a robust real estate in Ethiopia with construction materials, and financing budget under one roof. As such, they are here to offer a one-stop shop for their clients’ residential and commercial property needs in no-time. Read our full reviews of Ayat Real Estate.

Ayat Real Estate Best Real Estate in Ethiopia

#2. Noah Real Estate.​

Noah Real Estate was established in 2013 G.C by two well-known investors. The real estate stands out for its innovative designs, plus they are another best real estate in Ethiopia. To date, they’ve built a variety of residential, commercial, and mixed-use projects throughout Addis Ababa, with a focus on modern living spaces & features like spacious layouts, advanced appliances, and inclusive amenities. Read our full reviews of Noah Real Estate.

Noah Real Estate Best Real Estate in Ethiopia

#3. Century Addis Real Estate.

Century Addis Real Estate was established in 2018, and is a modern developer real estate in Ethiopia. The group has been focused on delivering affordable, high-quality residences with features like in-unit intercom systems, backup generators, and secure living environments from their start. Above all, they prioritize timely project completion. Century Mall is one example. Read our full reviews of Century Addis Real Estate.

Century Addis Real Estate Best Real Estate in Ethiopia

#4. Addis Life Real Estate.

Addis Life Real Estate was established in 2019 G.C, and it is a customer satisfaction targeted real estate in Addis Ababa found at around African Union headquarters. Like we said, the real estate is focusing on luxury properties in prime locations like Sarbt and Bisrate Gebriel. Of all, their unique feature is a rapid rise and strong partnerships, letting them offer high-end, and desirable spaces. Read our full reviews of Addis Life Real Estate.

Addis Life Real Estate Best Real Estate in Ethiopia

#5. Gift Real Estate.

Gift Real Estate was established in 2005, and is one of the oldest real estate in Ethiopia. Over the years, aiming to elevate home owners lifestyles, the real estate has been constructing luxurious residences with the inclusion of modern amenities. Most of all, their unique feature is catering to various customer segments, including townhomes, apartments, villas, and others with a range of affordability. Read our full reviews of Gift Real Estate.

Gift Real Estate Best Real Estate in Ethiopia

#6. Flintstone Homes.

Flintstone Homes was established in 1991, and it is one of the earliest and yes the best real estate of Ethiopia that brings a strong legacy of construction expertise to the housing market (be it completed, under-construction, and upcoming units). The special feature of Flintstone Homes is to make home ownership achievable without any complicated procedures for a variety of income groups. Read our full reviews of Flintstone Homes.

#7. Amibara Properties.

Amibara Properties was established in 2014 by Afar Investors, and is an inner-city gated community project developer real estate of Ethiopia. Being a newcomer to the industry, they are trying to bring stunning apartments with attractive features like balconies, pools, and secure living spaces. To build the reality of Ethiopia, their current promotions highlight significant discounts for early payments. Read our full reviews of Amibara Properties.

Amibara Properties Top Real Estate in Ethiopia Addis Ababa

#8. Metropolitan Real Estate.

Metropolitan Real Estate has over 20 years in the field, and is a USA-based company working hard to put their mark on the real estates of Ethiopia. Starting from the early days of entering the country, the Metropolitan real estate stands by extensive portfolio beyond just housing. The company encompasses diverse projects including apartment construction, hotels, even laundry services, etc. Read our full reviews of Metropolitan Real Estate.

Metropolitan Real Estate Top Real Estate in Ethiopia Addis Ababa

#9. Tsehay Real Estate PLC.

Tsehay Real Estate PLC, also known as POLI LOUTUS, was established in 2012 by CGCOC (which is a company of the nation of China), and is an on-time project delivery real estate in Ethiopia. Specialized in luxury high-rises and commercial properties, it has offered residents unparalleled luxury living with top-of-the-line finishes and amenities like generators & security features. Read our full reviews of Tsehay Real Estate PLC.

Tsehay Real Estate PLC Top Real Estate in Ethiopia Addis Ababa

#10. Kefita (by RockeStone).

Kefita was established in 2018 by a German real estate company called RockStone. The fact is Kefita isn’t exactly a real estate developer, but an award-winning luxury apartment building in Signal Area, Addis Ababa. Built with international standards, it offers residents a unique blend of Ethiopian design like Lalibela and modern amenities within a gated community. You really need to visit this one. Read our full reviews of Kefita Apartment.

What Resources are there Besides a List of Real Estate in Ethiopia, HERE?

Exceptional Real Estate Resources of Ethiopia (at Your Fingertips)

In addition to the listed best real estate in Ethiopia just a while ago, here’s a glimpse of what you’ll find out of the gate at your fingertips that provides a wealth of resources to empower you in the Ethiopian real estate (CLICK the heading to jump straight onto the content):

1. Real Estate Agents:

Don’t stress it, if you want to become a Real Estate Agent in Ethiopia, it requires you no formal education. However, to spice things up, learning courses in negotiation, property marketing, and legalities are recommended, and will make you the icing on the cake. We all are for the cash. Isn’t it? So true, when it comes to salary, in 2024, agents, brokers, and property managers in Addis Ababa are earning between ETB 2,797 and ETB 11,779 per month from real estates in Ethiopia.

2. Real Estate Jobs:

Starting a career path in the real estate of Ethiopia, to begin with, requires you sales experience (Grant Cardone might be your man here), plus a college degree is preferred most of the time. With a strong work ethic probably like my hero dad, and communication skills (OMG! I used to be horrible at this, but not anymore), you can easily land your dream real estate jobs using one of the following job board sites in Ethiopia. Ethiojobs, HaHu Jobs, or Ethiopiawork.com.

3. Real Estate Businesses:

Starting a Real Estate Business in Ethiopia by 2024 as an investor, on the other hand, all one has to do initially is securing an investment permit. Following that investment, you only need a minimum capital of USD 200,000 for a foreign owned investment and USD 150,000 for a joint investment of foreign and domestic real estate in Ethiopia. We also want to remind you that besides the required minimum capital, there will be a payment of registration and permit fees.

4. Real Estate Developers:

Finding real estate developers in Ethiopia from a total of 169 as of April 20, 2024 made simple with Online Money Spinner, which is the best website that talks about real estates in Ethiopia, Banks in Ethiopia, Hotels in Ethiopia, and Cars in Ethiopia. Get to explore the top real estate of Ethiopia like Ayat Real Estate, Noah Real Estate, Addis Life Real Estate, Gift Real Estate, and other real estate in Ethiopia that comes with quality living spaces, and world-class amenities.

Ranking the Best Real Estate in Ethiopia, and Grow from There is Our Ultimate Mission!

Back in the good old days long before the internet became one of the most important things for everything in our day-to-day life, real estate brokerages, agents, and local experts would advertise and distribute their listings in traditional ways, primarily in print (newspapers). 

According to a research by National Association of Realtors (NAR), nowadays as much as 95% home buyers are using online tools like Google, in their search process of finding the right home. You bet, this was true for real estate in Ethiopia like it is for any country in the world.

The best part of 2024 is that advertising and distribution is being handled simultaneously on portals and brokerage websites (which is what we’re doing here) with a click of a button. Thus, some real estate-focused sites in the United States are getting millions of millions of visitors.

Imagine this; only in the last year, Zillow.com, one of the largest real estate websites in the United States, followed by Realtor.com, Trulia.com, and others like Walk Score, has gotten an estimated 57 million monthly visitors, and it is earning a revenue from selling leads to agents, and brokers.

While such recognized brands are doing their thing, at Online Money Spinner, we’re committed to our ultimate best to be the #1 real estate website in Ethiopia through reviewing and ranking the best real estates of Addis Ababa accordingly.

Beginning from homebuyers, sellers, landlords, renters, agents, and other home professionals in-between, we are passionate about the Ethiopian real estate industry progress so as to give you a head start on your home-buying journey — with just a few webpages navigation.

As the leading platform to rank the top real estates, we connect you with the best offering villas, apartments, and others through our robust suite of tools, and of course, we also point out the best real estate in Ethiopia found at Addis, like we did earlier in this content.

Because we are genuinely committed and dedicated to being the premier website with all the nuts-and-bolts at the national level touching those big industries, we’ll guarantee you to empower you in your search for the ideal homes in A.A.

To accomplish what we have promised, here’s how we fulfill our mission: extensive listings, user-friendly search, seamless communication, detailed information, and local expertise (You can call us the Ferdinand Magilan of Addis Ababa by this point — We are proud of that!).

How Confident are We to Help You Find a Luxury Home in Addis Ababa City? — It Starts With…

The old neighborhoods of Sheger that you used to have fun during the day like Piassa, Legehar, 4 Kilo, Megenagna, Kazanchis, Olympia, and Bole Medhihanialem nowadays are only used as commercial center areas. This is a letter message for the Diaspora’s who left the country a long time ago. 

You might say “How about an apartment?” No worries, there are a number of options for you provided by the best real estates of the country, from Lebu (Our NEW Bole), Bisrate Gebriel, Sarbet, Ayat Mender, Legetafo, Summit, CMC, Gerji, Figa, and other sites.

Because of its booming economy, people are considering investing in the real estate of Addis Ababa or moving to this vibrant capital city, that’s how Afro Real Estates, Addis Life, and BamaCon established this broad diverse culture under one roof whether they’re a USA investor or first-time home buyer.

In order to share our first-hand experiences and insights, we’d like to start from the basics. Yes, the cost of living in Addis Ababa (or generally in Ethiopia) when compared to other major cities around the world is relatively low despite what people might believe it is, which is far-fetched from the actual reality. 

Based on your neighborhood, lifestyles, and budgets, prices can vary, of course it is. Having said that, there’s something for everyone from the upscale downtown Bole and Gerji to the historical ones Piassa and Kazanchis (if you want to). 

When we say with confidence that “there’s something for everyone,” however note that if you’re a hard worker like us, “መሐል ከተማ የአራዶች መዋያ እንጂ ማደሪያነቱ ቀርቷል።” Yeap! You heard that, right. Meaning, we want you to sleep well at night without the banger distractions that come from the nearby lounge in downtown Addis.

Guess who’s talking to you? — Hello DEAR, My name is Robel Birhanu. I’m a Professional Blogger, Digital Marketing Expert, and Real Estate Agent in Ethiopia. 

As the Founder and Owner of Online Money Spinner, if you’re looking for a modern apartment, a spacious family home, or a prime commercial space, with my right-hand Tofik, we’ve got you covered everything on this website or call it a personal blog. 

Let’s get to know each other! Well, that should start with reading my whole story on how I got to real estate in Ethiopia in the first place. I promise, it RESONATES.

Robel Birhanu - The Best Real Estate Agent in Ethiopia, Addis Ababa

Welcome to The #1 Voice of Real Estate in Ethiopia, Online Money Spinner!

 

According to Statista, the total U.S. real estate value had reached $113.6 trillion in 2023. And, $88.91 trillion is an investment in the residential sector alone. That’s how the real estate market is poised for steady and substantial growth in the coming years, expecting the same for our country Ethiopia.

Besides contributing greatly to gross domestic product, real estate provides homes, offices, retail spaces, hotels, and facilities. As such, people will continue to carry out their daily life and conduct business to the end of their life. Of course, real estate companies are the backbone of this!

As Ayat Real Estate, Noah Real Estate, Addis Life Real Estate, etc are the top real estates in Ethiopia, Berkshire Hathaway (HomeServices), Jones Lang LaSalle, CBRE Group, and Keller Williams, are the best both public and private real estates in the United States.

Yes, we’re the #1 Voice of Real Estate in Ethiopia! But sometimes we would like to find out what’s in it for us, or take a sneak peak look at what the real estate sector looks like in the world’s biggest countries like the USA, UK, and Dubai (UAE). 

We found out that Berkshire Hathaway HomeServices, which is owned by the American businessman and billionaire Warren Buffett, is such a successful real estate company in the USA. It is an enterprise made up of brokerages for the larger Berkshire Hathaway Inc. like Real Living Real Estate.

Besides the 44,500 agents and brokers that make up the HomeServices of America company as franchises, the enterprise reports $168 billion in sales revenue in 2022. Yet, the United States of America is not the only country suited for real estate investment.

Indeed, Ethiopia is the Best Country for Lucrative Property Investment in 2024.

In 2024, the best countries for real estate investment are Canada, Australia, Germany, Malaysia, Japan, UAE, Ghana, Kenya, and of course, Ethiopia (It’s true, there are top-notch real estates in Ethiopia like Century Addis, Canaan Addis, Amibara, Al Sam, while learning key lessons from Access Real Estate).

That said, based on 5 core qualities to look for in any of the best real estates out there, which are; 1. proven track record, 2. innovative thinking, 3. strong communication skills, 4. financial stability and resources, and 5. commitment to quality and integrity, we are here to take you to the next step in your home purchasing journey at Addis Ababa.

Contact Us today for a FREE consultation, and let’s discuss your needs and recommend you the best local real estate developers and companies in the housing market. Rest is assured, we’ll make your Ethiopian real estate dreams a reality!

Phone Number: +251948879335

Email Address: onlinemoneyspinner.com@gmail.com

Contact Page: https://onlinemoneyspinner.com/contact/