Gardenia City Compound Nasr City
Nasr City’s Gardenia City Compound project has recently attracted a lot of attention and controversy. Al Ahly Sabbour Real Estate Development Company founded the project. Being a closed residential complex (compound), it has all the benefits of this kind of housing and is regarded as one of the most notable new residential complexes in terms of location because it is situated close to Zahraa Nasr City and the Fifth Settlement.
The project was very well-liked by individuals looking to buy its flats, as seen by the massive crowds of people swarming in front of the HDB branches to reserve residential units.
Details of the Gardenia Nasr City Project:
One of the newest residential developments, Gardenia City Compound offers a range of sized apartments near Nasr City. On 600 acres of land, 20,000 residential units of various sizes and specifications make up this residential project with integrated facilities and services. The project’s initial phase has been made available for purchase. 2000 fully finished dwelling units are included in this level.
Location of Gardenia Compound Nasr City :
The Gardenia City Compound is a few minutes away from Heliopolis and the First Settlement neighbourhood in New Cairo and is situated close to the Zahraa housing in Nasr City, precisely at the end of Al-Thawra Street on the beginning of Suez Almaza Road. This compound’s position stands out due to its close proximity to the Cairo Airport and the Ring Road, which puts it in close vicinity to several significant new cities, including New Cairo, Al Shorouk, El Obour, Badr, and the New Capital.
Neighborhood Types in Gardenia Nasr City:
Apartments, villas, and twin house villas are among the different styles of residential housing that are included in the Gardenia project.
Areas of Units in the Gardenia Nasr City Compound:
- The 120 square metres of the project’s residential units are divided into 3 rooms, a bathroom, and a kitchen with full finishes.
- The project regions’ villas start at 400 square metres. They come in full finishes as well.
- Twin House villas have fully finished spaces starting at 280 square metres.
- 10% as a down payment and the remaining balance due in interest-free instalments over the course of six years
- 15% as a down payment and the remaining balance due in interest-free instalments over the course of seven years
- 20% down payment and the remaining balance due in interest-free payments over the course of 8 years
- 10% as a down payment and the remaining amount in equal, interest-free payments over the course of 8 years
- Paying a 15% down payment and the remaining amount of the unit’s purchase in equal, interest-free instalments over the course of nine years
- 20% down payment and the remaining unit price paid in equal, interest-free instalments over the course of ten years
Villas at Twin Houses:
The payment plan for this kind of unit might last up to ten years.
Services Offered at the Gardenia Nasr City Project:
The project’s developer was eager to offer all the essential and recreational advantages that the neighborhood’s people require, including:
- 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 Nasr City Compound
The Al-Ahly Sabbour Real Estate Development Company and the Funders Company of the real estate developer Hyde Park, in collaboration with the National Bank of Egypt and Banque Misr, are the two biggest players in the Egyptian real estate market and are the owners of this project.
- Katameya Residence Compound
- Hayat Residence Compound
- The Square Compound
- Keeva compound in the 6th of October
- Amwaj project
- Platinum Project
Details of the announcement of the Gardenia Nasr City project:
Followers of the news about this residential complex have noticed some unclear details that have spread about the project, the most important of which are:
- The developer of the project announced that the first phase offered for sale includes only 2,000 housing units.
- Despite this, it has opened the door to booking and receiving deposits for more than 2,000 customers, thus allowing a number of customers that exceed the number of offered housing units to pay sums of money.
- The percentage of the maintenance deposit is higher than the average market price, reaching 10% in the Gardenia project, which is close to double the common maintenance rates.
- Some customers expressed the high prices of the units compared to their location and specifications, especially after adding the amount of the maintenance deposit and administrative expenses.
- When comparing the price per meter within this project, it becomes higher than the price per meter in some compounds in Fifth Settlement and New Cairo .
- The most important characteristic of the project is that it is located in a vital area and near the most important Egyptian cities and regions.
Nasr City’s geographic Importance:
In addition to its developers being one of the most significant businesses in the Egyptian real estate industry, known for its regular implementation and finishing, Nasr City is also experiencing significant developments in the area’s roads, including the development of the Al-Wafaa and Al-Amal axis and many new bridges.
All of these factors sparked debate over the project, turning the high volume of clients who quickly booked reservations into an unexpected event and attracting the attention of those following the Egyptian real estate market.
Disadvantages of buying a property in Gardenia Zahraa Project:
An integrated project like the Gardenia Zahraa, makes it difficult to find disadvantages. There are several advantages though in Gardenia Zahraa which include the wide areas and the many types of units for sale that are available for all categories.