Ethiopia has enacted the long-awaited Real Estate Proclamation No. 1357/2024, establishing a comprehensive legal framework for real estate development, marketing, and valuation. The primary objective of the proclamation is to regulate the sector while safeguarding the interests of third parties, particularly buyers. Its scope of application extends to all real estate development activities, as well as the marketing and valuation of real property within Ethiopia. The law is anchored on key principles such as transparency, accountability, predictability, efficiency, and adherence to the rule of law.