Arinj, next to Avan.
About the complex: Eden Park is being built by Metrum Invest — a developer with a portfolio of six-plus projects in the city, including Renet, Antara Inn, Emin 6, and Rubinyants Complex. This isn’t a tower or a couple of buildings — it’s an entire low-rise quarter on 120,000 m², with its own pond, cafes, pools, and a running track around the perimeter.
- Prices: from $955 to $1240 per square meter (350,000–455,000 AMD), depending on the building and floor
- Layouts: from 30 to 125 m² — both compact units for investment and spacious family layouts
- Handover: 2026 through 2030, depending on the building
- Payment options: developer installment plan (30% down payment, the rest due by completion), mortgage through Ameriabank, income tax refund
- Heating: individual, gas
- Developer: Metrum Invest
Advantages
Low-rise format
The buildings here are 5–9 stories — low for the Armenian market, where new districts are usually built with towers of 20+ floors. Fewer apartments per entrance, calmer elevators.
A huge green area
75,000 m² out of the stated 120,000 m² of land is set aside as green space. That’s more than half the plot, and it’s an atypical figure for Yerevan: usually the greenery around a building is a thin strip along the walls. Whether the developer actually delivers the landscaping as promised will only be clear once construction is done.
The quarter’s own infrastructure
The plan includes a pond, pools, a kindergarten, plus cafes, a supermarket, and EV charging stations. Some of daily life could be handled without leaving the quarter at all. Arinj is part of the residential belt around Yerevan — Avan, and the city beyond it, are close from here, not an hour’s drive away.
Low entry threshold
$955 per square meter is one of the most affordable prices among new-builds within reasonable reach of Yerevan. For anyone who wants a new apartment but can’t afford Arabkir, Kentron, or even part of Avan, this is a real alternative. A minimum unit size of 30 m² lowers the entry budget even further.
Income tax refund
If you’re officially employed in Armenia and take out a mortgage, part of the tax you’ve paid can go toward paying down the loan’s interest. The program is gradually being phased out across the market — if it’s still available, it’s worth taking advantage of while it lasts.
What to watch for
Location
Arinj is administratively part of Kotayk province, not Yerevan proper. Before buying, it’s worth checking this in person: drive the usual commute at different times of day, to work and to the city center.
Parking
The project has a stated 1,800 parking spots for 2,500 apartments — not every unit is guaranteed a spot, though the ratio is decent for the market. Parking is sold separately, for 4 to 5.5 million AMD, and that’s worth budgeting on top of the apartment price.
Drawn-out timeline and dependence on infrastructure
The project is being handed over in waves from 2026 through 2030. The pond, shops, kindergarten, and gyms will become a real advantage only once they’re actually built — until then, residents will rely on the infrastructure of neighboring areas. When choosing a specific building, it’s worth asking about the construction order of these amenities, not just the handover date of the building itself.
The novostroiki-yerevan.com rating scores Eden Park at 37 out of 100. Among the location’s strengths, the site notes distance from industrial zones, infrequent power and water outages, quiet streets, and clean air year-round. Among the weaknesses — Soviet-era building density nearby, lower-quality nearby amenities, weak pedestrian infrastructure, and a limited selection of shops, cafes, and pharmacies within walking distance.
Eden Park is an unusual format for Yerevan: a low-rise green quarter with ambitions of its own infrastructure, priced noticeably below the market average. That price comes with a trade-off — distance from the city, and a quarter that still has to be finished and filled with the life it promises. I’d consider this option if quiet and space matter more to you than proximity to the center, and you’re willing to wait a couple of years for the quarter to come together.
More about the project — on the project page.