Baku, Azerbaijan
Price from
$161,500
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
$1,700 / m²
-19% vs the city median (Baku), sample of 23 projects
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Data verified Aug 8, 2026price source: developer partner networkupdated 22 days ago
Properties
Condominium
Area
92 - 158 m²
Bedrooms
1 - 2
Readiness
Under construction
Available
18 of 18
Dry season
Jul, Aug, Jun
Properties
Condominium
Area
92 - 158 m²
Bedrooms
1 - 2
Readiness
Under construction
Is this expensive for the city
$1,700per m²cheaper than 100% of city projects
-19% vs the city median (Baku), sample of 23 projects
Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.
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What it really costs
Payment plan
Step 1
On contract
30%$48,450
Step 2
Before commissioning
30%$48,450
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
Ask agent about rental ratesTelegram$550
$6,598
5.6%
4.1%
$216,123
54%
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When is the season here
Driest months: Jul, Aug, Jun
Wettest months: Nov, Oct, Dec
Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 6.0 | 16 |
| Feb | 5.7 | 15 |
| Mar | 7.6 | 16 |
| Apr | 10.9 | 13 |
| May | 17.3 | 10 |
| Jun | 22.7 | 6 |
| Jul | 25.9 | 3 |
| Aug | 26.5 | 4 |
| Sep | 23.0 | 13 |
| Oct | 17.8 | 22 |
| Nov | 12.2 | 25 |
| Dec | 8.1 | 17 |
Source: NASA POWER, climate normal (2001-2020). Grid node 40.6, 49.9. This is a multi-year normal, not a weather forecast.
About the project
Properties
Condominium
Status
Under construction
Total units
18
Available
18
Area
92 - 158 m²
Properties
Condominium
Status
Under construction
Total units
18
Available
18
Area
92 - 158 m²
Description
Nardaran Invest MMC is building Park Residences 3 across 8 separate buildings in Baku, with a total of 18 units. The project is currently under construction, located within the City of republican subordination Baku administrative area.
Unit sizes range from 91.9 to 158 square meters, covering 1 and 2 bedroom layouts. Prices start at 161,500 USD and go up to 300,200 USD, with an average price per square meter of 1,757 USD. All 18 units remain available, so the full range of layouts and sizes is still open to buyers.
The property is classified as a condo. Spreading the 18 units across 8 buildings means unit placement and outlook vary by building rather than being concentrated in a single tower.
Park Residences 3 sits in Baku, Azerbaijan, within the City of republican subordination Baku region. Further details on floor plans and unit specifications can be confirmed with the sales office.
Location
Baku, Azerbaijan
Market context
Apartment price growth
17%
Villa price growth
20.2%
Transaction volume
13%
Average rent
883 manats
Price per sqm
2,388 manats
Apartment prices in Baku have continued to rise, with a year‑over‑year increase of around 17% in 2025, while rental rates are also climbing, reflected in a median monthly rent of 883 manats. Demand for rental housing remains strong, driven by foreign specialists, international companies and the influx of residents linked to reconstruction projects. The market stays attractive to foreign buyers, who can purchase apartments (though not land) and benefit from residence‑permit programmes tied to real‑estate investment.
Sources (6) · updated 21/08/2026
- Dashinmaz emlak bazari_en
- Baku rental market reflects strong activity in real estate
- CBA notes surge in latest housing prices in Azerbaijan - Trend.Az
- Buying Real Estate in Azerbaijan | Housing Prices and Residence Permit through Investment
- Bangkok Luxury Housing Market - Knight Frank Thailand | RE Talk Asia
- The SFH # Report 2025
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