Ayat Real Estate
Ayat Real Estate is a share holder's company that was created in 1997 and is one of the pioneering Ethiopian companies in this sector.
They have managed to complete over 5,000 residential units, making them one of the most experienced in this sector.
Ayat Real Estate is indeed the largest construction company focused only on residential homes in Ethiopia.
They had a bumpy beginning when they were first building and selling the Ayat Real Estate villa houses in the Ayat area, with rumors of low quality building materials being spread.
Today, the Ayat villas which once sold for about 375,000 ETB are now being sold in excess of 20,000,000 ETB.
Furthermore, in order to pass on the savings to its clients, Ayat Real Estate has bought and built factories for the purpose of producing the building materials they need, such as terrazzo tiles, concrete hollow blocks, marbles, prefabricated slabs, septic tanks, metal doors/windows, wooden doors/cabinets, and more.
At the moment, one of their largest projects is in the Ayat area of Addis Ababa with numerous apartment buildings being built and sold.
Their prices are also considered relatively fair.
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