Frequently Asked Questions

The Residential Complex is located in Dalma Gardens, adjacent to Leningradyanstreet, on the road leading to Noy district, between Leningradyan Street and Monte Melkonian Street (behind Valem Restaurant). You can find the map here.

Version1 – You can approach from Leningradyan-Metsarents intersection (road leading to Noy district) by turning left.

Version2– It is planned to build a new road from the newly constructed entertainment complex next to Monte Melkonian Street to the Luyser Residential Complex. Currently, according to our information, this road is in the designing phase.
You can find a map describing the two options on our website

The Residential Complex consists of four buildings: two of them are 18-floor buildings, and two are 16 floor buildings. It is planned to build three floors of underground parkings in all buildings for a total of 404 cars.

The first constructed building is a 16-floor one.

The total area is 12,200 square meters, of which only 3000 square meters will be used for constructing buildings, the rest is for landscaping and gardening, including fountains, playgrounds and various zones for leisure and relaxation.

It is important to note that the cars will not be allowed to enter the yard area.

The apartments have stained glass windows (from ceiling to floor), that's why apartments easily get lots of natural sunlight. Moreover, 4 out of 7 apartments on each floor have double-glazed windows. In addition, the buildings were positioned based on the results of a thorough shadow analysis, which was carried out to ensure maximum light penetration in all buildings. Shadow analysis is the study of how an opaque object's shadow affects the surrounding environment based upon the sun's position (time of day), and the time of year.

The buildings are 26-30 meters away from each other. Minimum requirement for building standards is 24 meters․

You can get study the location of the buildings on the website. The complex consists of four separate buildings. 60% of the apartments will have a view to Mount Ararat.

At this moment, the building permit and the permits for constructing Building A and C have been issued. Subsequent building permits will be issued in the nearest future.

The developer company is "Luyser" CJSC. The founders of the company have many years of experience in the field of finance and construction. You can find the founding documents of the company on our website.

The architect of the Residential Complex is “Storaket” architectural studio. Storaket is the author of many innovative architectural projects both in Armenia and abroad. The company has branches in Moscow and Montreal. More information can be found on their website at www.storaket.com.

“D & S CONSTRUCTION” is carrying out the construction works. The founder of the company is David Kocharyan, who is the builder of a number of bridges, streets, residential buildings and sport complexes. More information is available on our website.

Construction works commenced in August, 2020.

The Residential Complex is planned to be completed by the Autumn of 2023.

Currently, the price for 1 square meter starts from 980$ calculated in Armenian drams. You can find prices for all apartments on our website. The prices are subject for review.

In total 404 parking spaces will be built in the Residential Complex. The price at this stage varies from $13,000-20,000.

A differentiated price is not provided for different parts of the apartment. The balcony area has the same pricing policy.

There are no discounts for separate groups.

The declared price is the early booking price and is valid until a certain date. Therefore, yes, in case of early booking the apartments can be purchased at a cheaper price.

There are 1-4 room apartments. It is also possible to combine adjacent apartments to get more rooms. You can find the apartment plans on our website.

The apartment sizes vary from 44 to 180 square meters, and it is possible to get larger apartments by combining adjacent apartments.

In the version suggested by the architect, which was designed with the principle of more efficient usage of the living space, the kitchen and living room are designed in one space.
However, in many apartments it is possible to have a separated kitchen.

The ceiling hight is 3 meters.

The apartments will be given into exploitation including the following works: leveled floor, placed exterior windows, exterior door, doors leading to balconies, inner walls, interior walls plastering, tiled and renovated balconies. With additional fee, it is also possible to have the apartment fully renovated. There are several price offers for renovation.

Yes, in fact, 90% of the apartments have value under 55 million AMD, which is in compliance with the Government regulation.

Our partner bank is Armswissbank CJSC. Current mortgage contract terms are:

  • mortgage prepayment is minimum 10% ( in the case of an additional collateral it is possible to reduce the prepayment up to 0%)
  • interest rate for a loan in AMD starts from 12.5%
  • the loan repayment period is up to 20 years

Yes, you can submit your documents to us, and we, instead of you, will apply to the bank for mortgage pre-approval. If the bank pre-approves the provision of your mortgage loan, then according to the pre-approval agreement, you will have 1.5 years to sign the mortgage agreement.

Reservation fee is 300,000 AMD. The apartment reservation agreement gives the buyer the right to purchase the selected apartment within one month after the developer's invitation according to the terms of the reservation agreement.

Step 1․ After the Agreement on the right to purchase immovable property in a building under construction is signed the buyer shall pay 30% of the value of the apartment to the seller's bank account.

Step 2․ 6 months after Step 1, the buyer transfers 35% of the value of the apartment to the seller's bank account.

Step 3․ 6 months after Step 2, the buyer transfers 30% of the value of the apartment to the seller's bank account.

Step 4․ The buyer transfers the remaining 5% of the value of the apartment to the seller's bank account when the construction is completed; parties sign Sale and purchase agreement, and the ownership of the apartment is transferred to the buyer.


The conditions for cancellation of a booking are set out in details in the booking agreement. The reservation may be cancelled by the buyer in the cases specified in the contract if the developer violates the terms of the contract. Otherwise, the reservation fee will not be refunded to the buyer.

If the mortgage agreement is signed with our partnering bank, and the customer complies with the requirements of that bank, a secondary colletreal is not required. For other banks, please, study their mortgage terms.

In the preliminary stage, before the construction is completed, it is not possible.

Our partner bank is Armswissbank.

The service will include general security of the Residential Complex, cleanliness of common use areas and parking spaces, operation and maintenance of elevators, maintenance of green zones, garbage removal and lighting. The service will be provided by the developer with maximum 10% profit, which assumes a reasonable cost of service (up to 300AMD per sqm).

No, there will be no central heating system.

No, there is no centralized cooling system in the buildings.

The seismic resistance of buildings is more than 9 points.

The building will have only stained glass windows. The windows will be equipped with the best profiles available on the market with multifunctional double-sided glazing. They are the most heat-resistant glass currently in existence, providing heat saving during the winter months, and are protected from the sun's UV rays during the summer months. All rooms will have windows that can be opened.

It should also be noted that all non-stained glass walls will be covered with the best sound-insulating materials.

Yes. There will be such services in the neighborhood. .

The nearest bus stop is just 300 meters away from Luyser.

There will be three elevators in each building. They will be high-quality elevators made in Europe.

There will be maximum 7 apartments on each floor. All plans of the floors can be found on our website.

The exterior walls of the building will be overlaid with white stone (travertine).

The apartment layouts are designed to fit the following appliances and furniture in every apartment:

• Refrigerator
• Washing machine
• Dishwasher
• Gas stove
• Heating boiler
• Air Conditioner
• Bed
• Wardrobe
• Sofa
• Dining table

Yes

Contact Info

31/30 Leningradyan street Yerevan, Armenia

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