41,000 condominium apartment units will be transferred to home owners on March 19 - March 22, 2015 in Addis Ababa, Ethiopia. Ato Diriba Kuma, Mayor of Addis Ababa disclosed that 32,000 of the units will be given to new home owners while 7,000 will be given to those who were relocated for the construction of the condominium apartments. Out of the 35,000 houses, 1,000 are 10/90 condominium units while the remaining 34,000 are 20/80 units. The condominium units are located in Yeka Abado, Bole Bulbula, Tulu Dimtu and 7 other locations.
Ato Diriba Kuma also noted that there will be additional 1,200 40/60 condominium apartments that will be handed to home owners this fiscal year. There will also be a construction of new 15,000 40/60 condominium apartments. At the end of this fiscal year (Sene 2007 Ethiopian Calendar), 32,000 additional condominium apartments will be handed to owners. Out of the total 32,000 units, only 1,200 units will be 40/60 apartments while the remaining are 20/80 condominiums.