Eagle Hills · Ethiopia
ONE La Gare
La Gare, Addis Ababa, Ethiopia
Bedrooms
1 – 4 Bed
Type
Apartment
Payment Plan
20% down payment, then construction-linked instalments to 5% on handover (developer’s July 2023 schedule)
Handover
Developer targets handover to owners during 2026 (originally indicated for 30 June 2024)
Payment Plan
Down payment
03/01/2020
Foundation completion
18/12/2021
Completion of 8th floor
15/03/2022
Completion of 19th floor
15/07/2023
Internal plastering
15/09/2023
External plastering
15/11/2023
Door installation
15/01/2024
Testing & commissioning
15/04/2024
Occupation / handover
30/06/2024
Amounts are indicative based on starting price. Developer contract sets the exact instalment schedule.
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Floors
20
Apartments
183
Gross Floor Area
33,921 sq m
Status
Near handover (unconfirmed)
Unit Sizes
At a Glance
- The first residential tower launched at La Gare
- 183 apartments from one to four bedrooms over 20 floors
- On the grounds of Addis Ababa’s historic 1917 La Gare railway station
- About 860 m from Meskel Square, 6.5 km from Bole International Airport
- Naturally lit lobby, back-up generator and uninterrupted water supply
About this project
ONE La Gare is the first residential building launched at La Gare, Eagle Hills’ mixed-use district in downtown Addis Ababa built around the historic 1917 railway station — residences, a mall and retail walkway, offices, four- and five-star hotels and green parks around a central boulevard, about 860 m from Meskel Square and 6.5 km from Bole International Airport. The 20-floor tower at the north-west corner of the district has 183 one- to four-bedroom apartments over a gross floor area of 33,921 sq m, near the retail district, office buildings and a five-star hotel. No prices are published — confirm current availability and pricing with a PropSentral advisor.
Interior, fully-furnished — click to enlarge
Amenities
Outdoor & Views
- Green parks with jogging, walking and bike tracks
- Mall, retail walkway and food & beverage hub
- Resident parking
Family & Kids
- Picnic and children’s play areas
Lifestyle & Comfort
- Four- and five-star hotels within walking distance
- Back-up generator and uninterrupted water supply
Security & Access
- 24-hour security
Investment Factors
Sourced demand and location factors — not a score, forecast, or recommendation. Use these to inform your own judgement.
Foreign Buyers
Foreign nationals can now own a home in Ethiopia under the Foreign Nationals’ Ownership Right of Residential House Proclamation No. 1388/2025, with approval from the Ministry of Urban and Infrastructure Development. As summarised on the developer’s own site: minimum investment of USD 150,000 per home (waived for one home for holders of an Ethiopian investment licence), one home at a time, no financing from Ethiopian banks, and owners may live in or rent the home, apply for residence and a 5-year multiple-entry visa, and repatriate rental or sale income subject to regulations. This is the developer’s summary, not legal advice — buyers should confirm eligibility with an Ethiopian lawyer before committing.
Not assessed here: competing/upcoming supply in the immediate area, projected capital growth, and future rental demand. These require independent research or a licensed local agent — ask a PropSentral advisor if you'd like help finding one.
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Location
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Map shows approximate project location. Exact site boundaries may vary.
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About the Developer
Eagle Hills
Eagle Hills is an Abu Dhabi-based real estate developer established in 2014 by Mohamed Alabbar, founder of Emaar Properties. The group’s own brochure cites a $80 billion+ total development value, 100,000+ homes, 50+ hotels, 8 marinas, 10,000+ hotel keys and 6 malls across 18+ countries. Ramhan Island, a naturally formed private island off Abu Dhabi, is one of its flagship waterfront masterplans.
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Pricing
Price upon request
20% down payment, then construction-linked instalments to 5% on handover (developer’s July 2023 schedule) · Handover Developer targets handover to owners during 2026 (originally indicated for 30 June 2024)
Ethiopia — Market Yield Range
6% – 10% gross p.a.
Market-wide historic data, not a forecast for this unit. PropSentral does not provide investment or financial advice — seek independent advice before deciding.
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Developer-Direct Pricing
Same price as booking through the developer — zero resale markup.
One Advisor, Start to Finish
A single point of contact from reservation through to handover — no chain of resellers.
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