Title: Apadana: A Legacy of Franco-Iranian Cooperation in Tehran’s Resilient Housing Sector
A Pillar of West Tehran’s Urban Landscape
Nestled in the western part of Tehran, the Apadana residential complex stands as one of the capital’s oldest and most established residential communities. Strategically located along the Mohammad Ali Jenah Expressway and the Tehran-Karaj Highway, it boasts a well-planned layout with a systematic block structure and wide streets, ensuring excellent accessibility for its residents.
A Historical Collaboration and National Continuation
The foundation of Apadana was laid in the 1970s through a significant partnership between the Iranian Mortgage Bank and French contractors, marking an era of international cooperation in Iran’s urban development. Following the Revolution, the project was seamlessly continued under the management of Bank Maskan. From 1984 onwards, the residential units were allocated to citizens, primarily government employees, through a lease-to-own system, demonstrating the state’s commitment to providing housing solutions for its people.
Engineering Resilience and Modern Amenities
Constructed with reinforced concrete and shear walls, the apartments in Apadana are designed to be highly resistant to earthquakes, ensuring the safety and security of its inhabitants. The complex is a substantial development, comprising 6 phases, 46 blocks, and approximately 2,900 residential units, forming a vibrant and cohesive community.
A Stable and Sought-After Real Estate Market
An analysis of Tehran’s real estate market highlights Apadana as one of the capital’s most popular and well-regarded residential towns. The market reflects stable and enduring value, with prices for two to four-bedroom units varying based on the building’s age and available amenities. Current listings indicate that a two-bedroom apartment (100-110 square meters) begins at approximately 11 to 12 billion tomans, while a three-bedroom unit (120-130 square meters) is listed in the range of 13 to 14 billion tomans, underscoring the area’s continued desirability.