After recording EGP 7 bn of sales in phase I, the alliance between Founders and Al-Ahly Sabbour Developments opens reservations for Gardenia City phase II, offering about 2000 units at a competitive price, Invest-Gate reports.

Units will be sold at the set prices for 2021, without the expected price increase exceeding 15% as expected in 2022, according to the economic experts’ forecasts. The alliance also offers various payment systems of up to eight years.

This comes after achieving EGP 7 bn of sales and delivering 2,800 units in the first phase. The alliance aims to record EGP 2.5 bn of sales in the second phase.

The project is distinguished by its direct location on  Suez Road and the Ring Road, five minutes from away Heliopolis and ten minutes away from the Fifth Settlement. It also has a distinctive infrastructure, as all units are fully finished and ready for delivery.

Gardenia City project spans over 680 acres, while the buildings occupy only 20% of the total project. The project features recreational, commercial and service activities. It also includes two schools, a gym and a hotel, as well as mosques and a church fully equipped for all residents of the compound. Additionally, the project provides guards and 24-hour security. Sales offices will start operation on December 5, 2021.