Recently, the Gardenia City Compound project in Nasr City has witnessed great interest and controversy. The project was established by Al Ahly Sabbour Real Estate Development Company. It is considered one of the most distinguished new residential complexes in terms of location, as it is located in a vital area near Zahraa Nasr City and the Fifth Settlement, while being a closed residential complex (compound), has all the advantages of this type of housing.
The project was highly popular with those interested in purchasing its units, and this was evident in the large number of people flocking in front of the HDB branches to book residential units. In this article, we will review the most important details of the Gardenia project in Zahraa Nasr Nasr, and the controversy surrounding it in the current period.
Details of the Gardenia Nasr City Project
Gardenia City Compound is one of the new residential projects and provides apartments of various sizes in the Nasr City area. It is a residential project with integrated facilities and services, established on an area of 600 acres to include 20 thousand residential units of different sizes and specifications. The first phase of the project has been put up for sale. This stage includes 2000 housing units, fully finished.
This project is owned by two of the largest actors in the Egyptian real estate market, namely: Al-Ahly Sabbour Real Estate Development Company, and the Funders Company of the real estate developer Hyde Park, in partnership with the National Bank of Egypt and Banque Misr.
Location of the Gardenia Zahraa Nasr City Project
The Gardenia City Compound is located near Zahraa housing in Nasr City, specifically at the end of Al-Thawra Street on the start of Suez Almaza Road, a few minutes away from Heliopolis and from the First Settlement area in New Cairo. The location of this compound is distinguished by its proximity to Cairo Airport and the Ring Road as well, which makes it very close to the important new cities such as: New Cairo, Al Shorouk, El Obour, Badr and the New Administrative Capital.
Types of Units and Areas in Gardenia Nasr City
The Gardenia project contains various types of residential units, it includes apartments, villas, and twin house villas.
Areas of Units in the Gardenia Nasr City Project:
- The area of the residential apartments in the project is 120 square meters, and the apartment consists of 3 rooms, a bathroom, and a kitchen, with full finishes
- The villas of the project areas start from 400 square meters. They are also available in full finishes
- The areas of twin House villas start from 280 square meters and are fully finished
Prices of Units in Gardenia Nasr City Project
The company that owns the project announced that the process of selecting units will be made with priority reservation. As for the prices of the different units in Nasr City, they are:
- Apartment prices: start from EGP 920,000 till EGP 1,200,000
- Villas prices: start from EGP 6,500,000, to EGP 8,000,000
- Twin House villas prices: start from EGP 4,500,000 till EGP 6,100,000
Installment and Payment Systems in the Gardenia Nasr City Project
Apartments
- 10% down payment and installments of the remainder of the unit price over 6 years without interest
- 15% down payment and installments of the remainder of the unit price over 7 years without interest
- 20% down payment and installments of the rest of the unit price over 8 years without interest
Villas
- Paying 10% as down payment and paying the rest of the unit price over 8 years in equal installments without interest
- Paying 15% downpayment and the rest of the unit price in installments over 9 years in equal installments without interest
- Paying 20% down payment and the rest of the unit price in installments over 10 years in equal installments without interest
Twin House Villas:
- The installment system for this type of unit is up to 10 years
Available Services in Gardenia Nasr City Project
The company developing the project was keen to provide all the basic and entertainment services that the residents need, and these services are:
- Specialized educational institutions to provide integrated educational services within the compound, such as nurseries and schools of various levels
- A commercial market and hypermarket to provide all the consumer goods needed by the population
- An integrated security system and guard team is available 24 hours inside the compound
- Large green spaces and tracks for exercise and various activities
- Medical centers that provide curative services to patients in all specialties
- An integrated leisure club equipped with the latest sports equipment and open spaces for practicing different sports
The Real Estate Developer of Gardenia Zahraa Project in Nasr City
The project is supervised by Al-Ahly Sabbour Real Estate Development Company, in cooperation with other consortiums, such as the real estate developer of Hyde Park.
Al-Ahly Development Company has a great precedent for construction and building works, the most important of which are:
- Katameya Residence Compound
- Hayat Residence Compound
- The Square Compound
- Keeva compound in the 6th of October
- Amwaj project
- Platinum Project
How to Book A Unit in Gardenia Nasr City?
The companies based on the project began to open the door for reservation and receive requests. Many customers have taken actual steps to purchase units, and the method of reserving units is represented in the following steps:
- The customer pays a down payment of EGP 50,000 in any branch of the HDB, on the official bank account of the Gardenia City project, on the account number (0680000722970). This amount can be recovered within a month from the date of payment, without deduction of any part of it
- Then, the bank contacts the customer within 30 days to notify him of the approval of the request, and informs him of the date of choosing the housing unit
- After that, the customer goes on the appointed date to the marketing and sales headquarters to select the unit
- Payment is either by cash deposit or bank transfer