Park Residences 3

Baku, Azerbaijan

1 / 7

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

cheaper than 100% of city projects

-19% vs the city median (Baku), sample of 23 projects

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Data verified Aug 8, 2026price source: developer partner networkupdated 2 mo. ago

Properties

Condominium

Area

92 - 158 m²

Bedrooms

1 - 2

Readiness

Under construction

Dry season

Jul, Aug, Jun

First instalment

30%

Properties

Condominium

Area

92 - 158 m²

Bedrooms

1 - 2

Readiness

Under construction

Dry season

Jul, Aug, Jun

First instalment

30%

Is this expensive for the city

$1,700per m²cheaper than 100% of city projects

Median $2,100

$1,694$7,683

-19% vs the city median (Baku), sample of 23 projects

Rate as of 2026-10-12, city data updated 2026-10-12. 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

Total$161,500

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

Purchase price: $161,500

Monthly rent: $800

$150$2,450

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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Occupancy rate: 95%

40%100%

Annual appreciation: 6%

0%20%

Monthly income

$550

Annual income

$6,598

Gross yield

5.6%

Net yield

4.1%

Value in 5 years

$216,123

5-year ROI

54%

Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

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.

Rainfall, mm per monthTemperature, °C

Show monthly table

Monthly climate normal: temperature and 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

Area

92 - 158 m²

Properties

Condominium

Status

Under construction

Area

92 - 158 m²

Description

Nardaran Invest MMC is building Park Residences 3 in Baku, Azerbaijan, within the City of republican subordination Baku region. The project is currently under construction.

The units on offer are one and two bedroom apartments, ranging from 91.9 to 158 square meters. The larger end of that range gives room for a separate living area alongside the bedrooms.

Prices start at 161,500 USD and go up to 300,200 USD, with a price per square meter of 1,700 USD.

This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.

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

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