The other week, I was walking by Bole Atlas you know, that buzzing part of Addis where something new pops up almost every month. As I strolled past the usual cafés and shops, my eyes caught a really tall, modern-looking building. The kind that makes you stop for a second. Its exterior was vibrant, stylish, and fresh clearly an apartment complex. I looked up at the label on the building and thought to myself, "How much does it actually cost to live in a place like that?"
That quick glance turned into a curiosity spiral and here we are.
If you've ever wondered what it takes to buy an apartment in Addis Ababa, whether you're a local resident, a returning diaspora, or an investor looking for opportunities in one of Africa’s fastest-growing cities this post is for you.
Why Apartments Are in High Demand in Addis Ababa
Addis is expanding fast, and with land becoming scarce, especially in prime areas like Bole, Kazanchis, and CMC, apartments have become a smart solution for urban living. They’re secure, easy to manage, and often come with amenities like underground parking, elevators, and generators — a big plus considering the power interruptions we’re all used to.
How Much Does an Apartment Cost?
Prices vary widely depending on the location, size, finishing quality, and whether it's a newly built apartment or a resale.
here are the average price of apartment in Addis Ababa in diffrenent location in 2025
1. Bole (Including Atlas, Rwanda, and Edna Mall areas)
These are premium locations, close to embassies, malls, and the airport — so they come with a premium price tag.
2. Kazanchis
- A favorite for expats and professionals due to its proximity to international hotels and office spaces.
3. CMC & Summit
- More residential and relatively quieter, but still very accessible.
4. Ayat, Bole Arabsa, and Goro
- 2-bedroom: 8 million – 12 million ETB
- 3-bedroom: 10 million – 18 million ETB
- These areas offer more affordable options, especially for families and first-time buyers.
What Influences the Price?
Here are some key factors that affect the price of apartments in Addis:
- Location (closer to the city center = more expensive)
- Floor level (in most buildings without elevators, the higher the floor, the lower the price — ground or first-floor units are usually preferred for accessibility)
- Finishing materials (marble tiles, imported kitchen fittings, etc.)
- Amenities (security, backup water and power, elevators, etc.)
- Developer reputation and property title clarity
Is It Worth It?
If you're looking for convenience, security, and long-term investment, then yes — apartments in Addis are a solid choice. However, it's essential to do your research, verify title deeds, and ensure that you’re dealing with a reputable real estate agent or developer.
Looking for property options? If you're searching for a place to stay, there are apartments for rent as well as condominiums for rent, offering modern living spaces. For those looking to invest or own, you can find apartments for sale along with condominiums for sale. For family homes, explore houses for rent, or consider houses for sale. Investors can also find land for sale for future development.