Transforming Urban Living
Through Innovation
OVID Real Estate is one of Ethiopia’s fast growing real estate developers, committed to transforming urban living through innovative, affordable, and high-quality housing solutions. Established in 2019 as a subsidiary of Ovid Holding, the company was founded with a clear vision: to make home ownership accessible and achievable for every Ethiopian.
At OVID Real Estate, building homes means building futures, opportunities, and stronger communities. Guided by innovation, integrity, and inclusivity, the company remains committed to creating sustainable developments where more people can experience the dignity, security, and opportunity of owning a home.
Tagline: “Home for Every Chapter of Your Life”
Yonas Getachew, Founder & CEO of OVID Holding
Vision
To research, develop, and implement affordable housing solutions that address the basic housing needs of people in Ethiopia and across developing African countries.
Mission
To create innovative, accessible, and high-quality developments through modern construction technology, strategic planning, and customer-centered service while fostering long term community impact.
A Home for Every Chapter
OVID real estate, guided by the tagline “Home for Every Chapter of Your Life!”, develops communities that respond to the evolving lifestyles, aspirations, and needs of individuals and families. From first time homeowners to growing families, entrepreneurs, and luxury investors, OVID provides a diverse range of real estate solutions designed to serve every stage of life.
The company offers a wide portfolio of residential and commercial developments, including:
- • Studio Apartments
- • Affordable Housing Units
- • Standard Apartments
- • Deluxe Residences
- • Town Houses
- • Luxury Residential Products & Commercial Shops
Our Core Values: We are PRICE
Passionate
We bring energy, enthusiasm and commitment to everything we do.
Reliable
We do what we say, on time, every time. Count on us.
Innovative
We embrace new ideas and continuously seek better ways to create value.
Collaborative
We believe in teamwork and respect diverse perspectives to achieve shared success.
Ethical
We act with integrity and care for our people, communities and the planet.
Our Impact & Projects
Headquartered in Addis Ababa, OVID Real Estate continues to shape the future of urban development in Ethiopia through strategic planning, modern construction technologies such as Kum-kang, and customer-centered development approaches.
With a dedicated team of over 340 professionals, OVID Real Estate has built a strong reputation for delivering projects efficiently while maintaining high standards of quality, innovation, and community impact. The company utilizes advanced and alternative construction technologies that improve speed, cost efficiency, durability, and sustainability across its developments.
Flagship Project: Ovid Gelan Gurra City (OGGC)
Among its flagship projects is the visionary OGGC—a transformative urban city development planned to deliver over 60,000 residential units integrated with schools, health centers, green spaces, commercial hubs, and recreational facilities across more than 547 hectares of land. This ambitious development reflects OVID’s long-term commitment to addressing Ethiopia’s growing housing demand while creating inclusive and sustainable communities.
Project Portfolio
- Gulele
- Bole Japan
- Bole Medhanialem
- Tiyet Bet (Kings’ Tower)
- Chaka Housing Development
- Jimma Development
- Ovid Gelan Gurra City (OGGC)
Corporate Social Responsibility (CSR)
In partnership with the Ethiopian Prime Minister’s Office, OVID successfully completed the Aware CSR Project, delivering modern residential housing for displaced residents within only 130 days using advanced construction technology.
OVID is also a strategic partner with Merry Joy Ethiopia, supporting the establishment of a kidney dialysis center and making an annual commitment to support 30 children on behalf of its employees.