New Builds in Baku
New Builds in Baku: the key numbers and market rules, short and to the point.
Market and prices
Average city-centre price is roughly $1,100–1,800/m², higher in White City new builds. Foreigners can buy apartments but not land (land is leasehold only). Transactions are in manat (AZN), pegged to the US dollar. Rental yields are around 6–8% per year in central districts.
Affordable entry and central rentals
Investment entry from ~$70,000 — lower than Dubai or Istanbul. Central rentals: demand from business travellers and tourists, 6–8% a year. A home for yourself or family: seaside city, metro, Russian widely spoken.
How foreigners buy
A foreign buyer in Baku goes through due diligence, a purchase contract and title registration. Our manager guides every step — from shortlisting to handover.
Practical tips
- Benchmark the price against the district market, not the listing
- Verify the developer’s documents before paying a deposit
- Budget for taxes and fees on top of the price
What to watch out for
- Local currency fluctuations
- Gap between the listed price and the final transaction cost
FAQ
Where do I start buying in Baku?
Can the purchase be done remotely?
Which districts of Baku should I look at first?
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