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[Feb 2018] Real Estate in Ethiopia Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Draft regulation limits estate developers' delivery time

A new draft regulation on real estate development states that developers cannot, under any circumstance, extend the delivery date of houses by more than 20 percent of the original delivery time agreed upon with the client. The previous draft tabled for discussion in 2013 set the time limit at 50 percent.
The draft Residential Housing Development and Transaction proclamation, recently tabled for discussion by the Ministry of Urban Development, Housing and Construction, further states that under no circumstance can a real estate

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21 Buildings with 20+ floors each to be built at Gotera, Addis Ababa

sinomark ethiopia addis ababa gotera housing real estate condominium apartments

The first modern real estate comprising scores of buildings will be built in Addis Ababa with four billion birr.

The construction of the real estate to be carried out by a joint partnership of the Chinese private real estate company, Sino Mark, and Saba Engineering Company will have swimming pools, sport centers, trade area,

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Federal High Court Rules against Access Real Estate in 72m Br Case

access realestateAccess real estate (ARE) lost its case against Gabby Investment. The Federal High Court passed a verdict against the real estate company in which it was ordered to pay 47 million Br on February 24, 2015.

The case between the two parties arose when the plaintiff, Gabby Investment, filed an accusation against the real estate developer on September 16, 2013. In its charge,

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May Real Estate hands over apartment keys in the Kazanchis Area

May real estate ethiopia addis ababa kazanchis areaMay Real Estate announced that it will be inaugurating its apartment complex located in the Kazanchis area close to the United Nations Economic Commission for Africa (UNECA) compound.

The company that was established in 2003 with a paid-up capital of 1.5 million Birr handed over keys to around 30 of its customers on Saturday

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