How Much Does an Apartment Cost in Baku in 2026? Real Price Ranges

Short answer: Apartment prices in Baku range widely depending on the project, location and luxury level — from more accessible projects at about $2,000–2,500/sqm up to luxury projects starting at $4,000/sqm and above. There is no single "city-wide price," so it's always important to compare project against project.

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Frequently Asked Questions

What's the price range in the main projects already being marketed?

For example, Miami Residence is marketed from 3,995 AZN/sqm (about $2,350 at a rate of ~1.70 AZN/USD), while BRABUS Island Baku is marketed at around $4,000/sqm per the developer's statement — a difference reflecting different positioning (mass-luxury versus ultra-luxury).

Why are the price gaps between projects so large?

Proximity to the coast, the level of finish and brand, construction stage (early launch prices are usually lower), and the developer's identity — all of these significantly affect the price per sqm, exactly as in any real estate market in the world.

Do these prices include furniture and finishing?

This varies from project to project — always check the detailed technical specification of each specific unit, and don't assume the displayed price includes all final finishing.

How do these prices compare to the overall market trend?

ABB Bank 2024 data (the only verified source for price growth in Baku) shows an increase of about 14%-15% year-over-year in housing prices, and a cumulative increase of about 58%/36% since 2021 — meaning the prices seen today already include documented growth, not just a forecast.

What's worth checking before comparing price between projects?

Make sure the comparison is "apples to apples" — the same unit size, the same construction stage, the same finish level — and not just a raw dollar-per-sqm figure, which can be misleading between projects that differ in nature.

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