Original Story Published by: Staff Writer, Media Africa
(Above) Sarbet Property.
For decades, Ethiopia’s real estate market has been stagnant with very little construction taking place to accommodate the rapidly increasing population and the subsequent need for housing to accommodate the population growth. Answering to that call, in the past 10 years, the residential building initiative has taken off, where the government of Ethiopia has introduced friendlier laws to encourage such business to set afoot and take on the task of building apartments to alleviate the housing shortage that continues to exist in the country today.
High end residential products though, are far and in between. What would be classified as excellent products are either built outside of the city limit, making the daily commute into the City Center unbearable, or IF they do exist within the city limit, are often plagued with unexplained delays and subpar workmanship. Besides the transportation challenge, as of late, other challenges have been reported on in the news media including subpar municipal managed services (such as water and sewer), inadequate telephone and internet service and underdeveloped infrastructure where shopping and labor needs are very difficult to secure.
Metropolitan Real Estate is an American owned company who recently entered into the Ethiopian residential real estate market. Globally, the company has operated in the real estate space for over 2 decades, delivering over 450 projects on time and within budget. With its initial projects in multiple states in the US and in Istanbul, Turkey, the company delivered commercial space including shopping malls, industrial parks, technology operations, hotels and other commercial building built to project specifications.
Metropolitan entered the residential market in Ethiopia in 2008 (EC), with the objective to deliver a luxury product, that is focused on gaining 100% customer satisfaction along with delivering the home on time and on budget. The first residential project in Addis Ababa achieved the expectations as the project was completed on time, under one year from contract date, and on budget and gained 100% customer satisfaction.
Any real estate purchase is a major purchase whether the home is purchased to be the primary domicile or a rental property. Applying European designs with high attention to detail, the delivered property is flawless with state-of-the-art finishing. The chosen appliances, woodwork, electrical outlets, windows, doors, security features, light fixtures, bathroom fittings, Kitchen appliances etc, are all tastefully chosen, professionally installed and esthetically pleasing. There is no doubt that the homeowner will be beaming with pride on the decision to purchase a home from Metropolitan.
“Metropolitan Real Estate are known for their on time delivery!”
When buyers enter into an agreement with Metropolitan Real Estate, the company commits to delivering the buyer’s unit on time and on budget making Metropolitan the only builder in Ethiopian to have delivered on all aspects of its commitment. Unlike any of their competitors, Metropolitan also guarantees the workmanship for one year, providing all the necessary support.
Metropolitan invites all interested members of the Ethiopian Diaspora to consider one of our two apartment lines; Metropolitan Luxury Apartments or the Standard Apartments by Metropolitan. Metropolitan has completed one residential facility (Sarbet, Bisrate Gabrail) and is currently constructing the following: Bole Midtown (Sold Out), Bole Towers (Now Selling Final Section), WestView Standard Apartments (Now Selling).
Our Contact Information is
Ethiopia: +251 973 30 30 30 United States: +1 480 280 2242
