The Crescent Development Baku 2026 — Who Owns It and the Difference | Property Center | חדשות נדל"ן | מרכז הנכסים

The Crescent Development is one of the flagship projects on the central coastline of Baku, developed by Gilan Holding — not to be confused with Crescent Bay/Crescent Residences nearby, which belongs to a completely different developer.

Who Develops the Project

Gilan Holding is an Azerbaijani development group responsible for the project. Comparative information about the company is relatively limited compared to public sources, but its scope of activity in the construction field is documented and recognized in the local market.

Why It’s Important to Distinguish Between the Two Projects

The confusion between The Crescent Development and Crescent Bay/Residences is common due to the similarity of names, but these are two completely separate developers and projects (see the complete guide to Crescent Bay) — it’s important to ensure exactly which project is being referred to in every conversation or document.

Feature	The Crescent Development	Crescent Bay
Developer	Gilan Holding	PASHA Real Estate Group
Location	Central coastline	Central coastline

Common Misconceptions

A common misconception is that the similarity in name indicates a business connection between the projects — this is not true: these are two completely separate developers, and only a direct check of the registration documents can confirm which project and developer is being referred to.

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Frequently Asked Questions

How do you ensure which project a specific property refers to?

The safest way is to check the name of the developer registered in the official registration documents, and not to rely solely on the marketing name of the project.

Is there a significant price difference between the two projects?

It is recommended to compare the current prices of both projects — the differences depend on the stage of development, the size of the units, and the specific level of finish.

Are the two projects located right next to each other?

Both are located in the central coastline area, but in specific different locations — it is advisable to check the exact distance between the two if this is a relevant consideration.

The Next Step

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