Investment Property in Dire Dawa

Investment Real Estate in Dire Dawa

Dire Dawa property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Dire Dawa .

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Search Map of Dire Dawa Investment Real Estate

Dire Dawa (Amharic: ድሬዳዋ, Oromo: Dirre Dhawaa, lit. “Place of Remedy”, Somali: Diri Dhaba, meaning “where Dir hit his spear into the ground” or “The true Dir”, Arabic: ديري داوا‎) is a city in eastern Ethiopia near the Somali border and one of two chartered cities in Ethiopia (the other being Addis Ababa, the capital). It is divided administratively into two woredas, the city proper and the non-urban woreda of Gurgura.

Dire Dawa lies in the eastern part of the nation, on the Dechatu River, at the foot of a ring of cliffs that has been described as “somewhat like a cluster of tea-leaves in the bottom of a slop-basin.” The western outskirts of the city lie on the Gorro River, a tributary of the Dechatu River. It is located at the latitude and longitude of9°36′N 41°52′E / 9.600°N 41.867°E / 9.600; 41.867Coordinates:9°36′N 41°52′E / 9.600°N 41.867°E / 9.600; 41.867. The city is an industrial centre, home to several markets and the Diredhawa Airport.

The projected population for 1 July 2015 was 440,000 for the entire chartered city and 277,000 for the city proper, making the latter the seventh largest city in Ethiopia.

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The financial stability of Dire Dawa has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Dire Dawa

Renting out your Dire Dawa buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Dire Dawa are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Dire Dawa and be prepared to change your initial outlook.
Thoroughly research the Dire Dawa location with a special emphasis on fringe areas outside the main Dire Dawa metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Dire Dawa.
Ensure that your target investment property in Dire Dawa appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Dire Dawa properties yourself is an easy option, but are these savings justifiable when you run into Dire Dawa red tape? Physis Realty Dire Dawa office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Dire Dawa buy-to-rent sector.

With our expert guidance, investing in Dire Dawa provides the secure knowledge that your money is working harder than it would in a local Dire Dawa bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Dire Dawa, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Dire Dawa property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Dire Dawa

Flipping property in Dire Dawa

Flipping property is when we advise clients to buy a Dire Dawa property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Dire Dawa market has a time to react to the renovation.

The Flipping Strategy in Dire Dawa

Investment property flipping in Dire Dawa is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Dire Dawa real estate investments are sometimes referred to by professionals as ‘distressed’ Dire Dawa real estate.

What is distressed Dire Dawa property:

Dire Dawa property in need of renovation
Dire Dawa real estate with a change of purpose and use
Oversold Dire Dawa property
Bank repossessions in Dire Dawa

Put simply, long term investors in Dire Dawa purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Dire Dawa investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Dire Dawa property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Dire Dawa use a minimum profit value of 22% when looking at potential Dire Dawa projects. The reason for this is because there are lots that can go wrong in Dire Dawa property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Dire Dawa

For luxury property investors hoping to add a superb property in Dire Dawa to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Dire Dawa, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Dire Dawa should be entrusted to only the highest-quality agency.

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