Luxury Tower in Elahiyeh Priced at One Billion Toman per Square Meter

IranGate
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Luxury Tower in Elahiyeh Priced at One Billion Toman per Square Meter

A luxury tower in Elahiyeh is priced at one billion tomans per square meter.

The penthouse of the most expensive tower in the Elahiyeh area has been priced at one billion tomans per square meter. The real estate agent who posted this ad insists that buyers must provide a bank statement to view it.

These days, pre-sale property ads reveal unreasonable figures that are not reflected in the reported statistics of the Tehran housing market.

Among these ads on social media, the advertisement for the sale of units in a garden tower located in the Elahiyeh neighborhood and Fereshteh Street in Tehran catches attention. The most expensive tower in the Elahiyeh area has a penthouse of 950 square meters priced at one billion tomans per square meter.

In other words, the final price of this penthouse amounts to 950 billion tomans. Meanwhile, according to Central Bank data, the average price per square meter of housing in district one of Tehran is 134 million tomans.

Other details about this tower mention that the project land is 6,000 square meters and is designed with 27 floors, including 6 floors below ground level, one ground floor, and 20 floors above ground, comprising 70 residential units with areas of 430, 510, and 950 square meters.

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