Overview & Background

GIFT Real Estate PLC is part of the larger GIFT Business Group and is one of its core businesses. It was established in 2005 and has grown into a key player in the Ethiopian real estate sector, particularly in Addis Ababa and surrounding areas. The company focuses on residential and commercial real estate development.

Business Activities & Projects

Types of Projects
The company develops villas, apartments, townhouses, and mixed-use developments.

Project Phases

Phase 1: Villas in gated compounds (sold out).

Phase 2: Villas and apartments (also sold out).

Phase 3: Ongoing development including apartments, townhouses, and villas, located in areas such as Hayat Square in Addis Ababa.

Many of the buildings in Phase 3 are described as multi-floor structures (up to 14 floors plus basements), with flexible options for residential and commercial buyers.

Payment & Delivery
Typical terms have included down payments ranging from 10% to 28%, with delivery periods from 24 to 30 months.

Mission & Vision

Vision: To be the leading real estate company in Ethiopia and a preferred brand in East Africa.

Values: Professionalism, integrity, customer focus, and teamwork.

Goals: Provide modern, high-quality housing at accessible terms while ensuring affordability and strong investor returns.

Structure & Affiliations

Headquarters
Located in Addis Ababa, with offices on Cameroon Street.

Group Companies
Sister companies include GIFT Trading, GIFT Construction, GIFT Nail Manufacturing (GNM Industries), and GIFT Building Materials.

Branding
The company positions itself under the slogan “Face of Quality” and maintains an active social media presence.

Reputation

Strengths
Known for offering diverse design choices, modern amenities, and gated community security. Its properties are seen as relatively affordable compared to some competitors.

Challenges
Some customers have reported delays in property delivery and handovers.