Nasr Gardens Hadayek October: a guide to Madinet Masr's subsidised housing project
Despite the name, Nasr Gardens is not in Nasr City. It is one of Madinet Masr's social-housing projects in Hadayek October, where apartments are about 63 m² and handover activity has been rising year after year.
Nasr Gardens Hadayek October: a subsidised project that keeps delivering units
Nasr Gardens Hadayek October belongs to Madinet Masr for Housing and Development's social-housing portfolio, and it is fundamentally different from the company's premium projects in New Cairo and Mostakbal City. The project was built to serve low-income households in 6th of October City, specifically in Hadayek October near Zewail Street and the area around Mall of Egypt and Zewail City of Science and Technology. Units are limited in size, with the typical apartment at about 63 m², and were designed to provide clean, regular housing for eligible families.
The project's history is tied to a subsidised mortgage finance protocol signed in 2019 between Madinet Masr and Al-Mashreq Bank with the participation of the Social Housing and Mortgage Finance Fund, covering about 2,000 units under the Central Bank low-income housing initiative. At that time, the total unit price was around EGP 200,000, with a 15% down payment and a cash subsidy ranging from EGP 5,000 to EGP 40,000 per beneficiary depending on income level, provided the monthly instalment did not exceed 35% of net monthly income. These terms were historical and applied to eligible fund registrants; they are not a current price list.
What distinguishes Nasr Gardens today is that it is an active handover project still delivering units: the company announced 24 units handed over in fiscal year 2022, then 47 units in 2023, then 85 units in 2024 and finally 20 units in the first quarter of 2025. This rising track record indicates continuous work and disciplined project management, which strengthens confidence for anyone looking for a ready unit in the resale market. The total project area is not covered by consistent official data; some property registry databases point to about 171.1 feddans, but this figure is unconfirmed by the developer and should be treated cautiously.
Nasr Gardens location: Hadayek October, not Nasr City
The location is a common source of confusion: the name "Nasr Gardens" makes some people assume the project is in Nasr City east of Cairo, but it is actually in Hadayek October within 6th of October City, Giza Governorate. It is bounded to the north and east by Wahat Axis and the area around Zewail Street, and it is a short distance from Mall of Egypt and Zewail City of Science and Technology.
To reach the project from Tarek Al-Wahat Road you can enter via 26 July Axis or Zayed Axis, then head toward Zewail Street and Hadayek October. The area is moderately served by the main road network and benefits from proximity to shopping centres, health services and major universities in west Cairo, making it a practical daily-living choice.
| Destination | Approx. time |
|---|---|
| Mall of Egypt | ~10 minutes |
| Zewail City of Science | ~10 minutes |
| Wahat Axis | ~10 minutes |
| 26 July Axis | ~15 minutes |
| MSA University / October | ~15 minutes |
| Central 6th of October | ~20 minutes |
Nasr Gardens masterplan: subsidised homes within the Hadayek October urban fabric
Unlike the gated resort-style compounds the company markets, Nasr Gardens follows the social-housing model embedded in the urban fabric. Units are small apartments of roughly 63 m² each, distributed across mid-rise buildings within Hadayek October. No official detailed information is available on the building ratio, green spaces or recreational facilities, which is normal for this category because the focus is on providing basic units at a subsidised price.
Available services are limited to standard social-housing infrastructure: water, sewage, electricity and gas networks, internal streets and simple pedestrian open spaces. There is no reliable data on a club, mall or swimming pool inside the project, so residents rely on external services in Hadayek October and neighbouring areas.
Nasr Gardens phases: the finance protocol and gradual handover
Nasr Gardens prices: why is there no official price list?
Nasr Gardens is not a current marketing product launched by the developer with live prices; it is a subsidised housing project financed through government and bank protocols. For this reason, no official current price list is published on the Madinet Masr website or its authorised portals. Units appearing in search results are usually resale units from original owners, and their prices are subject to negotiation, unit condition and position inside the project.
For a general estimate, you can refer to the average price per metre in Hadayek October of about EGP 40,700 according to Aqarmap data for February 2025. But this number applies to the area as a whole, and a small subsidised unit may be below or above it depending on several factors. The professional advice is to contact original owners or real estate offices specialised in Hadayek October for a genuine offer.
Nasr Gardens handover log — through July 2026
- 2025-Q1
20 units handed over
Madinet Masr announced the handover of 20 residential units in Nasr Gardens during the first quarter of 2025, bringing the total delivered since 2022 to 176 units.
- 2024
85 units handed over
The project recorded its largest annual handover volume in fiscal year 2024, with a total of 85 residential units.
- 2023
47 units handed over
The project continued handing over units at a steady pace, delivering 47 residential units during fiscal year 2023.
- 2022
24 units handed over
The project's official handover record began with 24 residential units in fiscal year 2022.
- 2019
Subsidised mortgage finance protocol
Madinet Masr and Al-Mashreq Bank signed a protocol with the Social Housing and Mortgage Finance Fund to finance about 2,000 units of 63 m² at a total price of EGP 200,000 per unit.
Questions buyers ask about Nasr Gardens — with verified answers
Is Nasr Gardens in Nasr City?
No, the name is misleading: Nasr Gardens is not in Nasr City east of Cairo. It is a subsidised housing project by Madinet Masr for Housing and Development in Hadayek October, 6th of October City, Giza Governorate. It sits within the Zewail Street corridor near Mall of Egypt and Zewail City of Science and Technology, and is a long way from Nasr City via the Ring Road or 26 July Axis.
Where exactly is Nasr Gardens in Hadayek October?
Nasr Gardens units are inside Hadayek October district, close to Zewail Street and Wahat Axis, in the growing west Cairo area between Sheikh Zayed and 6th of October. From Tarek Al-Wahat Road you can enter via 26 July Axis or Zayed Axis, then head toward Zewail Street, where the project sits within the mid-rise residential fabric of Hadayek October.
What are Nasr Gardens prices in July 2026?
There is no current official price list for Nasr Gardens because the project was historically launched through social-housing protocols and its units now trade owner-to-owner. The last documented historical price was a total of EGP 200,000 for the 63 m² unit in 2019. For a broad sense of the area, the average price per metre in Hadayek October is about EGP 40,700 according to Aqarmap data for February 2025; this is a logical market indicator, not a project price.
What is the price per metre in Nasr Gardens Hadayek October?
The per-metre price inside Nasr Gardens is not published by the developer; it is effectively set in the resale market based on demand, phase, floor, finish and condition. When comparing, you can refer to the Hadayek October average of about EGP 40,700/m² from Aqarmap, noting that small subsidised units may trade at a premium or discount depending on their condition and readiness for immediate handover.
Is Nasr Gardens developed by Madinet Masr?
Yes, Nasr Gardens is a project developed by Madinet Masr for Housing and Development, formerly known as Madinet Nasr for Housing and Development. It is an Egyptian joint-stock company listed on the Egyptian Exchange since 1996 under ticker MASR.CA. The project falls within the company's social-housing portfolio, separate from its premium projects such as Taj City and Sarai.
How do I apply for or buy an apartment in Nasr Gardens?
Most currently available units are sold through the direct resale market from the owner, so we recommend searching property portals for detailed resale listings and contacting the owner to review the original contract and handover status. New subsidised units were historically released through Central Bank protocols with the Social Housing and Mortgage Finance Fund and Al-Mashreq Bank, restricted to registered eligible beneficiaries.
What is the difference between Nasr Gardens and Gardenia City?
Nasr Gardens is a subsidised social-housing project by Madinet Masr in Hadayek October with units of about 63 m². Gardenia City is a separate residential compound developed by SODIC in different locations including Nasr City and Helwan, targeting a higher-income private-housing segment. The difference is therefore not only geographic but also in financing nature, developer and facilities.
Is Nasr Gardens a good investment?
The project is a practical choice for regular living more than a mature commercial investment, because the units are small and subject to subsidised mortgage conditions. Investment value appears in the stability of Hadayek October's location and rising demand for ready-to-move-in units, especially from tenants looking for mid-range rent near Mall of Egypt and nearby universities.
What are the payment and financing plans for Nasr Gardens?
Under the 2019 protocol, payment started with a 15% down payment of the unit value, with a cash subsidy from the Social Housing and Mortgage Finance Fund ranging from EGP 5,000 to EGP 40,000, provided the monthly instalment did not exceed 35% of net income. These terms were historical and applied to registered beneficiaries of the Central Bank low-income housing initiative; the current offer differs because available units are resale units.
When were Nasr Gardens units handed over?
Madinet Masr handed over Nasr Gardens units at an accelerating pace: 24 units in fiscal year 2022, 47 units in 2023, 85 units in 2024 and then 20 units in the first quarter of 2025. These numbers show an active handover-phase project, not a stalled one, which strengthens confidence for anyone looking for a ready unit in the resale market.