Addis Ababa is the capital of Ethiopia, the largest city in the country, and is the center for many of the nation’s political and economic headquarters. With a relatively low crime rate and little community tension, Addis Ababa is a great city in which to soak up some African culture. The area is fantastic for families and has lots of local services, from childcare and home cleaning to shopping and education. With a population of around 4 million made up of over 80 different nationalities Addis Ababa is a great place to live.
The rural population is growing at about 3.0% while the urban population is growing at about 4.3%. The total population is projected to reach 129 million by 2030. In Ethiopia, of the total population, about 16.0% is estimated to reside in the urban areas. The trend suggests that the size of the urban population is likely to continue to grow at a high speed in the future. The share of the urban population will rise from 16.0% in 2005 to about 23% by 2030. Nearly 30 million of the total 129 million will live in cities and towns by 2030. Addis Ababa is in the midst of a construction boom, but there are still few commercial buildings built to international standards. When it comes to renting a house in the city center; 1 bedroom starts from 359.79 US Dollars 3 bedroom starts from 1.391.16 US Dollars. İf you want a house outside of the city center; it costs for a 1 bedroom house; 188.34 Dollars and 3 bedrooms is 576.66 US Dollars. Buying a property in Addis Ababa in the city center costs 220.60 US Dollars and outside of the city center is 820.00 US Dollars per square meter. The average monthly net salary is 220.60 US Dollars.
We are, as a Metropolitan real estate company, mainly focus on the luxury living market, with apartments located in prime real estate areas such as Sarbet and Bole. Our first major residential project in Ethiopia was the Metropolitan Sarbet Gabriel Apartment designed with a modern European luxury look. We are currently selling Westview Standard Apartments, Metropolitan Tower Luxury Apartments, and Central Tower luxury Apartments. All our luxury apartments come with
- 24/7 uninterrupted electricity
- large water tanks
- high-end elevators
- and large parking spaces.
Facilities include a fitness center clubhouse and common terrace.