Sunrise Real Estate

Sunrise Real Estate is a private developer in Addis Ababa. It builds villas and apartments for sale and for rent. Its main site is in Summit, in Bole sub-city, near the Summit soft drinks (Pepsi) factory. Do not confuse it with the Noah Real Estate project called Noah Sunrise, or with developers of the same name in other countries.

Who they are

The company says it was established in Addis Ababa in 2004. Its old website described it as a sole proprietor business. It also described itself as a grade one construction company that rents out construction machinery. A sister company, Nile Hotels PLC, works in hospitality. The company says Nile Hotels registered with ETB 100 million in capital.

The company's website, ethiosunrise.com, is offline in October 2026. The facts on this page come from archived copies of that site and from the company's own YouTube channel.

Projects and locations

The company lists three projects:

• Sunrise Nifas Silk Villas. In 2006 the company completed ten luxury G+2 villas in Nifas Silk sub-city. It built them for sale and for rent.
• Sunrise Summit Villas. By 2014 the company had built 34 G+1 luxury houses at Summit, near the soft drinks factory. Its website said all the villas were rented out on long-term leases.
• Sunrise Summit Apartments. From 2016 the company built ten apartment buildings next to the villas. The buildings hold 360 households.

Summit is a residential area in the east of the city. See the Summit neighborhood guide for transport and services. The Summit condominium site is a lower cost option in the same area.

Apartment features

The company started apartment sales in 2017. In August 2017 it said the buildings were over 70% complete. Its website listed these features:

• A separate parking building
• A generator for each apartment unit
• CCTV and intercom with a screen at the door
• WiFi, phone and TV cables pre-installed
• A mini-soccer field, a basketball court, a swimming pool and a gym
• A clinic, a day care, a supermarket, a restaurant and a bank in the compound

The company changed the design during construction. It replaced three planned tennis courts with a mini-soccer and basketball court. It also replaced a community center with more parking.

Prices and payment plans

The company did not publish prices or a payment plan on its website. It said it sold "at fair prices". The original sales started in 2017, so most units today sell as resales from owners. Compare current asking prices on our apartments for sale in Addis Ababa page and in our house prices guide.

Renting at Sunrise

The villas are rented out on long-term leases. In 2017 the company also advertised luxury homes for rent at the Summit compound. If you want to rent, see houses for rent in Addis Ababa and our renting guide.

Buyer checks

The apartments are complete, so a unit for sale today is likely a resale. Check these points before you pay:

• Confirm that the seller holds the title deed for the unit.
• Ask whether a bank loan is still registered on the unit.
• Ask the building management for the monthly service fee.
• Confirm the parking space that comes with the unit.

Our guide to real estate developers in Ethiopia explains how to compare developers. Our guide on how to buy a house in Addis Ababa lists the documents to check.