Real estate developer
JH Simex Real Estate is a sister company of the Intercontinental Addis hotel. It was founded in 2008. In 2021 it was building 500 villas and apartments on a 60,000 square meter site in Bole Beshale. Addis Fortune reported 2021 apartment prices of ETB 2 million to 5 million.
JH Simex Real Estate is a housing developer in Addis Ababa. It is a sister company of the Intercontinental Addis hotel. Its main known project is a large villa and apartment estate in Bole Beshale, in the east of the city. We could not find an official website for the company.
JH Simex Real Estate was founded in 2008, per Addis Fortune. In February 2021, Addis Fortune reported on its Bole Beshale estate. The project cost about ETB 1.5 billion at that time. Most other details about the company come from that report.
The company's main project is JH Simex Bole Beshale. It covers a 60,000 square meter site and includes 500 villas and apartments. The villas are G+1 houses with four bedrooms. The apartments are in multi-storey blocks.
Bole Beshale is in Bole sub-city, east of the airport. The area has many gated estates and new apartment blocks. For the wider area, see the Bole neighborhood guide. You can also compare it with other houses for sale in Addis Ababa.
Addis Fortune published prices in February 2021:
| Unit | Price in February 2021 |
|---|---|
| G+1 four bedroom villa | ETB 13 million to just under 17 million |
| Apartment | ETB 2 million to 5 million |
These prices are from 2021. Prices in Addis Ababa have risen a lot since then, so ask for a current quote.
In 2021, buyers could pay in full or use credit from Dashen Bank or Nib Bank. The bank terms required a 20% down payment, with up to 20 years to repay. Ask the company whether these bank deals still apply. Read our mortgage guide to compare loan terms.
Ask these questions before you pay:
The main public source is the 2021 Addis Fortune report. We found no later reports on deliveries, disputes or court cases. We also could not verify a current phone number or email. Visit the Bole Beshale site and confirm the seller's identity and title documents before you pay.
The main project is in Bole Beshale, Addis Ababa, on a 60,000 sqm site with 500 villas and apartments.
In February 2021, Addis Fortune reported G+1 four bedroom villas at ETB 13 million to just under 17 million and apartments at ETB 2 million to 5 million. Ask for current prices.
In 2021, buyers could use credit from Dashen Bank or Nib Bank with a 20% down payment and up to 20 years to repay. Ask whether these terms still apply.
Profile last reviewed October 18, 2026.