On our previous blog we gave you tips on how to identify neighborhoods for your future investments. Now on the following we are gonna share with you the top 10 up-and-coming neighborhoods, according to past studies.
Whether you’re a seasoned investor or just starting out, the top 10 up-and-coming neighborhoods highlighted in this blog can serve as a valuable starting point for your real estate investment journey in Addis Ababa. From the bustling commercial district of Bole to the serene and scenic suburbs of CMC, there are a variety of neighborhoods that offer unique benefits and opportunities for investors
1. Bole
Bole is a popular neighborhood that is known for its trendy cafes and restaurants. It is also home to the international airport, making it a convenient location for business travelers.
2. Kazanchis
Kazanchis is an up-and-coming neighborhood that is located near the central business district. It is home to a number of international organizations and embassies.
3. CMC
CMC is a rapidly growing neighborhood that is located on the outskirts of Addis Ababa. It is well-connected to the city center and has good transportation links.
4. Ayat
Ayat is a fast-developing neighborhood that is located in the northern part of Addis Ababa. It is known for its beautiful views of the city and has a growing number of residential and commercial developments.
5. Gerji
Gerji is a neighborhood that is located near the airport and is undergoing rapid development. It has good transportation links and a growing number of shops and restaurants.
6. Summit
Summit is a neighborhood that is located in the southeastern part of Addis Ababa. It is known for its scenic views and has a growing number of residential and commercial developments.
7. Old Airport
Old Airport is a popular neighborhood that is located in the eastern part of Addis Ababa. It is home to a number of international schools and has a growing number of residential developments.
8. Sarbet
Sarbet is an up-and-coming neighborhood that is located near the central business district. It is known for its tree-lined streets and has a growing number of luxury residential developments.
9.Gotera
Gotera is a neighborhood that is located in the eastern part of Addis Ababa. It is well-connected to the city center and has a growing number of shops and restaurants.
10. Bole Bulbula
Bole Bulbula is an up-and-coming neighborhood that is located on the outskirts of Addis Ababa. It is known for its scenic views and has a growing number of residential and commercial developments.
In conclusion, Addis Ababa is a city that is rapidly developing and expanding, presenting a wealth of opportunities for real estate investors. The city’s growth is creating new neighborhoods and areas that are emerging as hotspots for real estate investment. By getting ahead of the real estate game and investing in these up-and-coming neighborhoods, investors can potentially reap significant returns on their investment.
As with any investment, it’s important to carefully research and evaluate potential opportunities in order to make informed decisions. By working with a knowledgeable real estate professional and staying up-to-date on market trends and developments, investors can position themselves for success in Addis Ababa’s real estate market.
