26/07/2026
Project: Kazanchis Modern Compound (ካዛንቺስ ሞደርን ኮምፖውንድ) — "Ayat Kazanchis Village"
Developer: Ayat Real Estate (implied from the "Ayat" branding and matching project names)
Location: Kazanchis, central Addis Ababa (near the Palace/Gibbi Gebriel, Yeka Mountain, Friendship Park, and riverside development)
Unit Types & Prices:
Sheets
Bedrooms
Total Price
1
4.1 million Birr
2
5.9 million Birr
3
7.1 million Birr
4
12.3 million Birr
Payment Terms:
Down payment: 15% (starting from 740,973 Birr)
Balance: Payable in 7 installments
Handover: 24 months
Compound Amenities: Parks, riverside development, international school, hospital, religious institutions
Views: Palace (Gibbi Gebriel), Yeka Mountain forest, riverside, Friendship Park
Also Available (90% completed):
CMC Michael & Ayat projects
2 bedroom = 6.7 million Birr
3 bedroom (G+1) = 12.9 million Birr
Diaspora buyers can purchase through representatives.
✅ Verification
Ayat Real Estate is a legitimate, established developer (building since 1997) with verified residential projects across Addis Ababa. Their official website lists "Ayat Kazanchis Apartments" as a central Addis Ababa project described as "almost sold out" and "renowned for their punctual completion."
The CCE-CMC Apartments mentioned in your ad also appear on their official site as a real project offering 2–4 bedroom units with flexible payment options.
⚠️ Important Notes & Cautions
1.
Price Variations: I found a document showing a 60 sqm 1-bedroom Kazanchis unit priced at 7.5 million Birr (with ~750,000 Birr advance payment). The prices in your ad (4.1M for 1-bedroom) are significantly lower. This could mean:
Different unit sizes or finishes
Promotional pricing vs. standard pricing
Older or newer pricing sheets
Action item: Confirm the exact square meterage and what's included.
2.
Down Payment Math Check: If the down payment is 15% and starts at 740,973 Birr, the implied total would be ~4.94 million Birr — close to but not exactly matching the 4.1M listed. Ask for a written payment schedule to clarify.
3.
"Almost Sold Out" Warning: The official Ayat website explicitly states Kazanchis Apartments are "almost sold out." If this ad is current, units may be limited.
4.
Diaspora Purchase: If you're buying from abroad, verify the representative's authorization directly with Ayat Real Estate's main office. Do not send money to individual agents without written confirmation.
