Addis Ababa is quickly growing into a busy and modern city. One of the most popular areas in the city is Bole. It is a great place for people who want to buy, rent, or invest in apartments. Bole is special because of its good location, strong infrastructure, and active lifestyle. This blog explains why Bole is one of the best places to live or invest in Addis Ababa.
Bole’s Growth in Addis Ababa
Addis Ababa’s economy has been growing fast. According to the World Bank, Ethiopia’s economy grew more than 7% each year in the last ten years. Bole has become one of the top areas in the city. It is known for being clean, modern, and busy with business and social activities.
Near to Bole International Airport
Bole is very close to Addis Ababa Bole International Airport. It takes only 5 to 10 minutes to drive there from most places in Bole. The airport serves more than 12 million people every year, making it the busiest airport in East Africa. This is perfect for people who travel often for work or family.
Modern Roads and Services
Bole has many new and modern buildings. There are several shopping centers like Friendship Hypermarket, Medhanialem Mall, Alemnesh Plaza, Morning Star Mall, Mafi City Mall, Reality Plaza, and Tropical Mall. These malls offer food, clothes, electronics, and more.
Popular hotels such as Ethiopian Skylight Hotel and Best Western Plus Addis Hotel are located in Bole. These hotels host events and offer restaurants and cafes. Golden Plate Restaurant is also a favorite spot.
Food and Culture
In Bole, you can enjoy traditional Ethiopian food at places like Yod Abyssinia, 2000 Habesha, and Hibir Ethiopia Traditional Restaurant. If you prefer international food, there are restaurants like Istanbul Restaurant, Tian Tian Chinese, and Gangnam Korean Restaurant near Bole Japan.
Health Services
Good health care is important. In Bole, you can find high-quality hospitals like Washington Medical Center and Ethio Istanbul General Hospital. These hospitals are popular with both local people and foreigners.
Easy Transportation
The roads in Bole are wide and clean. It is easy to drive or walk in the area. This helps people go to work, school, or shopping without delays.
Lively Area
Bole is full of life. There are many things to do like shopping, eating, or going out at night. Nightlife spots include Roll X Club, Flirt Lounge, and Revolution Club. If you like to stay fit, you can visit gyms such as Bole Rock, Platinum Health and Fitness Center, and Ethio Dance Fitness Center. For relaxation, there are spas like Dagi Spa and Boston Day Spa.
Popular with Foreigners
Many foreigners and diplomats live in Bole. It is home to the Turkish Embassy, Ukrainian Embassy, and Rwandan Embassy. This mix of cultures makes Bole a friendly and international place.
Good for Investment
There is high demand for apartments in Bole. The area is still growing and prices are going up. The government is building more roads and services. The city population is over 5 million and is expected to reach 8.5 million by 2035 (UN-Habitat). This means more people will want to live in places like Bole.
Bole is a very desirable area for apartment living in Addis Ababa because of its convenient location, contemporary conveniences, and lively atmosphere. Dema Hope Real Estate has two significant developments in Bole; one close to Adey Ababa Stadium and the other in the Bole Edna Mall neighborhood. Both developments have Terraces, EV Chargers, Private Water Wells, Backup Generators, Exclusive Gyms and Spas, and Valet Parking.
Explore your investment options today – Dema Hope Real Estate has multiple ongoing projects, including our high-end apartments around the Signal area, which are 100% complete and ready for occupancy, and our mixed-use development near Adey Abeba Stadium in Bole, offering both residential and commercial units. If you’re ready to take the next step toward homeownership or investment, contact us at +251 951515174 or send us an email info@demahoperealestate.com to learn more.
