Ayat Real Estate Ethiopia Review in 2024 (In-Depth)

Ayat Real Estate Review

Ayat Real Estate Review.

Ayat Real Estate of Ethiopia, has carved a significant niche for itself in the country’s real estate landscape — playing their role end-to-end. Historically, it is the big, experienced, and most of all the first estate company in Ethiopia. 

Because of being the pioneer in the residential housing construction and offering a comprehensive real estate experience, they have a brand reputation all over the nation. With an excellent customer service consideration, they have tried to work on themselves to make it even crazier.

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The wild thing about this is that some customers of Ayat Real Estate are saying “they take too much time to finish their construction,” “they ask for more money after you buy a property,” and “they do not deliver in the agreed-upon time.”

Are all of those nonsense reviews, both the – and + ones true? This blog post dives into the details of Ayat Real Estate, exploring their background, projects, customer experiences, and the final verdict regarding home buyer’s complaints.

Ayat Real Estate Contact Information

Contact Information of Ayat Real Estate:

  • Website: https://ayatrealestate.com/en/home/
  • Telephone: +251 (0) 977 60 60 60,  +251 (0) 976 60 60 60, or +251 (0) 11 55 11 976
  • Email: sales@ayatsc.com
  • Post Office no: 3372
  • Physical Address (Main Office): CMC (at the back of Michael church)
  • Working Hours: Monday – Saturday from 8:30 AM to 5:30 PM

About Ayat Real Estate Background (The First Real Estate in Ethiopia)

Ayat Real Estate Homepage (the first real estate in Ethiopia)

The establishment of Ayat Real Estate under the Ethiopian Commercial Code started back in 1996. Accompanied by some of the long-term visionary, and determined investors, they came up with the name ‘Ayat Private Limited Company.’

With a diversification in mind, in February 2007, Ayat Private Limited Company has evolved to a share company with 18 shareholders, and a paid up sum capital of 330,835,000 Birr. At that time, it was said to be a big deal both in the business and social life aspects. 

To claim the distinction of being a single trailblazer, a powerful force in Ethiopia’s real estate industry, Ayat Real Estate, truly, boasts a rich history. They’ve embraced a unique approach by integrating real estate development, construction, and financing.

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Beginning from the tip of the iceberg, the company’s ‘Zoro Megbiyaie’ (Ayat my Abode) registered logo has become a household name in local and among abroad Ethiopian diaspora. This specific tailored slogan alone sets them apart from abundance competitors that came when the boat has already sailed. 

In short, Ayat®, with their pioneering spirit, highly elevated public image, a sense of confidence inculcated in the society, and over two decades of experience in the real estate industry of Ethiopia, have solidified their position as a prominent player in the market for years to come.

Projects and Apartments by Ayat Real Estate Share Company

From Villas, Luxurious Apartments (specifically, in the CMC and Ayat areas — by the way this is the only real estate company in Ethiopia to have locations called by its name; Ayat 1 & Ayat 2), Malls and Business Outlets (specifically, in Kazanchis areas), Ayat Real Estate offers a diverse portfolio of offerings.

Here’s a glimpse into some of their projects that caters to a variety of needs and preferences:

Project 1: Ayat  Hill Bottom (Status: For Sale, Type: Residential, and Location: Ayat).

Ayat Real Estate Project 1: Ayat  Hill Bottom (Status: For Sale, Type: Residential, and Location: Ayat).

For more than two decades, the community of Ayat settlements has been growing, thus getting complex services that are perfectly aligned to their needs of luxury lifestyle of the hamlets. And the Ayat Hill Bottom project comes as a magnificent apartment/business outlets complex that attracts a multitude of facilities setup by opportune businessmen nearby.

The project has six apartments and business outlets that provide its residents a potent mix of tranquility and liveability. Coupled with the above creature comforts, entertainment, supermarkets, and boutiques, it enables homebuyers to enjoy incomparable access and opportunity to many of the localities natural environment.

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Starting from floor level four and above to the fifteen floors of the apartment, the complex is already ready for sale. The best thing of the project is that the fitness centers and shopping outfits facilities are within walking distance of the apartments. There are also restaurants, emporiums, stores, shops, and other facilities.

The floor plans of the Ayat Hill Bottom project comes with 3 Bed Room + Maid, Regular/Semi-Finished, and an Area of 107m2 / 1151.74 ft2, 138m2 / 1485.42 ft2, 115m2 / 1237.85 ft2, 127m2 / 1367.02 ft2, 107m2 / 1151.74 ft2, 138m2 / 1485.42 ft2, 115m2 / 1237.85 ft2, and 127m2 / 1367.02 ft2.

The Ayat Hill Bottom’s project amenities details in or near your home:

Ayat Hill Bottom Project Amenities
  • ATM
  • Hotels
  • Escalator
  • Post offices
  • Train station
  • Petrol stations
  • Main road access
  • Backup generators
  • Reserved parking space
  • Departments stores
  • Garbage chute
  • Supermarkets
  • Restaurants
  • Elevator
  • Cafe

The Ayat Hill Bottom’s project payment plans (both in cash and credit):

Ayat Hill Bottom Project Payment Plans

If you come with a CASH purchase in mind, you’re expected to pay a down payment of 15% during signing contract, 20% during ground floor, 20% during 4th slab, 20% during 10th slap, 15% during roof done, 5% during block work, and 5% during handover. Very, very simple, right?

And if you come with a CREDIT purchase in mind, you’re expected to pay a down payment of 15% during signing contract, 20% during ground floor, 8% during 4th slab, 7 % during 10th slab, 5% during roof done, 2% during block work, 3 % during handover, and 40% within the next 10 to 30 years.

Project 2: CMC BUSINESS OUTLETS (Status: For Sale, Type: Commercial, and Location: CCE-CMC).

Ayat Real Estate Share Company Project 2: CMC BUSINESS OUTLETS (Status: For Sale, Type: Commercial, and Location: CCE-CMC).

The CMC Business Outlets has apartments, offices, and other buildings for businesses. When it comes to conducting space, it is available from ground-street level-up to the four floors. From shared restrooms, and vehicle access and ample parking, this might be for you as a potential to not pass the opportunity of owning it.

It is situated in an affluent area of the city and in a multi-tenanted floor, which is great for owners’/lessees’ who decide to purchase their desired lot before sales runs out. As the space is designed with cutting-edge, inspirational and supportive format, it is easily facilitated among residents and businessmen in order to maximize their convenience.

The CMC BUSINESS OUTLETS’s project amenities details in or near your home:

  • ATM
  • Hotels
  • Escalator
  • Post offices
  • Train station
  • Petrol stations
  • Main road access
  • Backup generators
  • Plenty of parking lots
  • Departments stores
  • Garbage chute
  • Supermarkets
  • Restaurants
  • Elevator
  • Cafe

The CMC BUSINESS OUTLETS’s project payment plans (comes ONLY in cash):

CMC Business Outlets Project Payment Plans

If you come with a CASH purchase in mind, you’re expected to pay a down payment of 35% during contract sign, 25% during 5 months, 20% during 10 months, 15% during 15 months, and 5% during 18 months.

Project 3: CMC APARTMENTS (Status: For Sale, Type: Residential, and Location: CCE-CMC).

Ayat Real Estate Share Company Project 3: CMC APARTMENTS (Status: For Sale, Type: Residential, and Location: CCE-CMC).

The CMC Apartments project comes with a charming and quiet environment, far from the hassle of the downtown part of the city. Besides the view it brings a high-end community right to the midst of Addis, it is conveniently accessible to the main roads leading to Megenagna and other key locations.

It consists of 61 residential complex apartments parked in 15th floor high rises. Located in CCE-CMC, they are spacious residential units that reflect the magical merging of inspiration and architecture. Plus, they are accompanied by an elegant formal dining room, cozy and handy kitchen, and den/family room with a marble fireplace.

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In this location the residential units come with choices of 2 – 4 bedrooms and with a variety of floor plans to choose from. The space for the 3 bedrooms unit ranges from 100m2 – 145m2, and the 4 bedrooms unit comes in 150m2 and 161m2. That’s right, with a masterpiece of design and craftsmanship, your future home is superbly well configured.

The floor plans of the CMC APARTMENTS project comes with 3 or 4 Bedroom + Maid, Regular/Semi-finished, and an Area of 138m2 / 1485.42 ft2, 145m2 / 1561 ft2, 150m2 / 1614.59 ft2, 161m2 / 1732.99 ft2, 115m2 / 1237.85 ft2, 127m2 / 1367.02 ft2, 107m2 / 1151.74 ft2, 138m2 / 1485.42 ft2, 145m2 / 1561 ft2, 150m2 / 1614.59 ft2, 161m2 / 1732.99 ft2, 115m2 / 1237.85 ft2, 127m2 / 1367.02 ft2, 107m2 / 1151.74 ft2, and 138m2 / 1485.42 ft2.

The CMC APARTMENT’s project amenities details in or near your home:

CMC Apartments Project Amenities
  • ATM
  • Elevator
  • Green area
  • Kindergarten
  • Petrol stations
  • Main road access
  • Backup generators
  • Reserved parking space
  • Departments stores
  • Garbage chute
  • Supermarkets
  • Restaurants
  • Post offices
  • Hotels
  • Cafe

The CMC APARTMENT’s project payment plans (both in cash and credit):

CMC Apartments Payment Plans

If you come with a CASH purchase in mind, you’re expected to pay a down payment of 15% during signing contract, 20% during ground floor, 20% during 4th slab, 20% during, 10th slab, 15% during roof done, 5% during block work, and 5% during handover.

And if you come with a CREDIT purchase in mind, you’re expected to pay a down payment of 15% during signing contract, 20% during ground floor, 8% during 4th slab, 7 % during 10th slab, 5% during roof done, 2% during block work, 3% during handover, and 40% within the next 10 to 30 years.

Project 4: AYAT APARTMENTS (Status: For Sale, Type: Residential, and Location: Ayat).

Ayat Real Estate Share Company Project 4: AYAT APARTMENTS (Status: For Sale, Type: Residential, and Location: Ayat).

With all the required lifestyle amenities and immediate access to the newly renovated Hill Bottom Recreation and spa center, the Ayat Apartments is a development within the Ayat hamlet that offers active and dynamic living experience in a suburbia setting in Addis Ababa. In fact, it is the first of its type in being an institutional quality Developer.

As a resident of the Ayat Apartments, you can enjoy a range of recreational facilities in the sprawling green undulating space like nearby metro station, as they are designed to create the best possible comfort to its community with a sense of place. They did that through creating private space, thus serenity, within the bustle of communality. 

The sad news is that all of the fifty one complexes, each G+4 are considered a whole community on their own, are sold out. So true that the residents are living witnesses to testify about the truthfulness of the foregoing statement. Also, the complexes are testimonials to the reputation of on-time delivery capability by the company.

The AYAT APARTMENTS’s project amenities details in or near your home:

  • ATM
  • Elevator
  • Post offices
  • Train station
  • Petrol stations
  • Main road access
  • Backup generators
  • Plenty of parking lots
  • Departments stores
  • Garbage chute
  • Supermarkets
  • Restaurants
  • Hotels
  • Cafe

The AYAT APARTMENTS’s project payment plans (both in cash and credit):

Ayat Apartments Project Payment Plans

If you come with a CASH purchase in mind, you’re expected to pay a down payment of 15% during signing contract, 20% during ground floor, 20% during 4th slab, 20% during 10th slab, 15% during roof done, 5% during block work, and 5% during handover.

And if you come with a CREDIT purchase in mind, you’re expected to pay a down payment of 15% during signing contract, 20% during ground floor, 8% during 4th slab, 7% during, 10th slab, 5% during roof done, 2% during block work, 3% during handover, and 40% within the next 10 to 30 years.

Pros and Cons of Ayat Real Estate (Marefya Gojoye Marketing PLC)

While Ayat Real Estate presents a compelling portfolio like every other real estate developers in Ethiopia or more, it’s important to consider both the advantages and potential drawbacks before making all the way to your final decision.

Pros:

  • Diverse Portfolio: With a wide range of projects under its belt, Ayat real Estate caters to various needs, from apartments to villas and commercial spaces. Their integrated portfolio approach also includes financing solutions (like long-term mortgage payment plans of up to 30 years).
  • Established Brand Reputation: Used to be known as Marefya Gojoye Marketing PLC, the company’s long-standing reputation presence and proven track record of success inspires confidence in potential buyers of Ethiopians.
  • Prime Locations: Many of Ayat Real Estate’s projects are situated in desirable areas near amenities and essential services like Ayat, CMC, Kazanchis, etc. Thus, making homeownership more accessible.

Cons:

  • Limited Online Presence: While they have built a website to empower clients with updates so that they’ll realize their dreams, in-depth project details and virtual tours as a foremost real estate company in Ethiopia, might be limited.
  • Pricing Transparency: It’s true that their mission is to provide an inclusive service that buyers recommend and are proud of. Yet, readily available pricing information might be scarce on the Ayat Real Estate’s website.

Prizes and Achievements dedicated to Ayat Real Estate Group

Prizes and Achievements of Ayat Real Estate Gropu (Marefya Gojoye and Zoro Megbiyaye)

Ayat Real Estate stands with a vision of becoming a well-known, Africa wide real estate developer and a leading multi-disciplinary national company. Its core values are, responsibility and accountability, teamwork and cooperation, standard and cost effectiveness, and eco friendliness.

The company’s mission is to create lasting customer satisfaction with a tight schedule and agreement to meet goals. They achieve that with the target of a new, urbanist, walkable city, high quality of life, luxurious design, beautiful architecture, and a sense of place in a culture-driven backdrop.

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Ayat Real Estate’s dedication to excellence has been recognized through awards. And their success speaks volumes about their contribution to the industry. So far, they have 22 years of experience, completed +8,000 projects (+4 large are ongoing), and created 15, 000k job opportunities.

Customer Reviews and Client Feedbacks

With a highly effective mix of development, construction, and finance set in place, Ayat real estate is 5 steps ahead of the competition. Besides real estate, it also operates in sectors such as machinery lease, hotel and tourism, import and export, and production of construction materials. 

During the virtually unknown market of realty in the 1990’s, and the rough and tumble of the following +20 years, no wonder Ayat Real Estate has taken that huge risk. So now, it is proud not only for being the torchbearer of the real estate industry of Ethiopia, but also for the solid experience it has in its portfolio.

Over the past two decades, Ayat® has also built a reputation of integrity and honesty among its clients and the growing real estate business as well. The company is rejoicing in the distinction of being a trailblazer after all, especially when it comes to the construction of residential houses in Addis Ababa. 

Regarding customer reviews, Ayat Real Estate has good feedback and outstanding testimonials. So yeah, we have no clue where all the “they take too much time to finish their construction,” “they ask for more money after you buy a property,” and “they do not deliver in the agreed-upon time.” BS comes from. 

Get to explore online business rating platforms, social media pages, and other groundbreaking outlets or sources in order to get a well-rounded perspective. As such, you’ll understand past Ayat Real Estate’s customer experiences for yourself. Then you’re going to be the judge.

Overall Judgment:

Overall, Ayat Real Estate stands out as a prominent real estate developer in Addis Ababa for years to come for those seeking a new home. From the real estate’s first construction years, their extensive experience, diverse project portfolio, and focus on residential construction make them a strong contender.

In the past 22 years of robust experience, Ayat real estate is now dynamic and forward-thinking and has completed more than 8,000 projects, and sells and rents residential and commercial apartments. Yet there were some rumors about the low quality of their villas initially, but not anymore.

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The Ethiopian first real estate company, so far, has over 7,000 residential homes, 1,000 commercial properties, and more than 15,000 employees working for it. So yeah, quality Ayat Homes are available now. Hurry and order yours before they are all sold out.

Like always, it is also important to research specific project details, pricing, and financing options, or consulting directly with Ayat Real Estate’s sales representatives. What’s more is that exploring customer reviews can provide invaluable insights to guide your final decision.

For more, if you want the best deal, affordable price, as well as the best real estate location, call me by the phone +251948879335 or send me a message by the email onlinemoneyspinner.com@gmail.com — as I’m the best Real Estate Agent in Addis Ababa, Ethiopia.

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