Who Owns Baku's Coastal Strip — The Truth 2026 | Property Center

The question "Who owns Baku's coastal strip" repeatedly arises among those researching the local real estate market — often out of confusion surrounding the name "Agalarov." Here is the precise answer, based solely on documented sources.

Source of Confusion

The confusion likely stems from a combination of Amin Agalarov's popularity as a public figure, his familial-political ties (his former marriage to Leyla Aliyeva — see the complete guide), and his prominent project Sea Breeze Resort.

Who Is Really Developing the Central Coastal Strip

According to documented sources, Crescent Bay, Port Baku Residences, the Four Seasons Hotel Baku, and the JW Marriott Absheron belong to PASHA Real Estate Group, while The Crescent Development belongs to Gilan Holding — not to Agalarov (see the complete comparison of developers).

What Agalarov Is Really Developing

Agalarov's documented project is Sea Breeze Resort in the village of Nardaran, about 20-22 minutes outside the center of Baku — a real and large project, on the Caspian Sea coast itself, but not within the urban central coastal strip (see the complete guide).

Sources for Independent Verification

Anyone interested in verifying the facts for themselves is invited to consult documented sources such as OC Media and RFE/RL, which regularly cover the real estate and regulatory field in Azerbaijan.

Why This Matters

Factual accuracy regarding ownership is important not only for ethical reasons — it also directly impacts the risk assessment and the correct opportunity for each specific investment project.

The Next Step

The Property Center assists Israeli investors in Azerbaijan from A to Z, based solely on verified factual research. Contact us for a no-obligation consultation.