Al Naser Gardens Company was established in July of 2006 with an initial capital of KD 1 million which was further increased to KD 20 million by June of 2007. The Company is active in the field of real estate development in the Republic of Syria. As a result of the founders objective in establishing KEH, invitations were sent to KEH shareholders to invest in Al Naser Gardens Company. KEH holds 60.9% of the capital.
On June 4, 2007, Al Naser Gardens Holding Company – Kuwait established Al Naser Gardens Syrian Joint Stock Company with a capital of US $ 20 million and owns 97.8% of the capital.
Al Naser Gardens Company made great progresses to develop a housing complex project consist of 289 villas, as well as a social club and large area of gardens on a land of 452,000 m2 in kafrkoq which overlooking Yafour in Damascus. The company began the project but due to current condition in Syrian we didn’t obtain the approval of the Ministry of Defense, and once we got it, all the necessary licenses will be completed, and then will start the redevelopment of the land after the completion of the improvement of Royal Residence project.
Park Residence is a residential project designed to be one of the best residential communities in Damascus with modern services and infrastructure with a high emphasis on the quality of services that will be provided to all residents of this project during their stay
The project is located in the area of Yafour in the heart of the new Damascus, beside to many of promising and modern projects. It will be easily accessible through the Damascus-Beirut International Highway in addition to the Park Residence will be the first residential complex in Yaafour.
60% of land area reserved for greenery, including a 60,000 m gardens with walking corridors
Park residence Yaafour is home to 71 modern residential building and 1,1174 high- end apartments, ranging between 140 and 415 square meters. Every apartment has been carefully considered to include wide terraces and balconies that afford you with the most stunning year-round view of the compound’s and yaafour area.
The project has been designed to the highest international standards in a style that complements the surrounding environment, using natural stone, metal and woodwork to create a modern aesthetic. The living space are additionally impeccably furnished on the inside with elegant ceramic and parquet and include ample storage space, parking space, in additional to house club, kids area, swimming pools and cleaning and security service.
The project include the shopping mall which stretches across 420 meters of Beirut- Damascus road and enjoy an incredible panoramic view, with tens of tempting dining outlets, café and boutiques and entertainer area.
For more information:www.parkresidence.net
