Azerbaijan.US
Land prices in Baku have reached unprecedented levels, particularly in the city’s central and most prestigious districts. In some locations, the price of one sot (100 square meters) now exceeds 1.3 million manats, making land more expensive than finished residential property.
According to market analysts, the highest prices are recorded near Fountain Square, Nizami Street and Aziz Aliyev Street – areas considered the commercial and cultural core of the capital. Even small land plots in these zones are valued in the millions due to their location and development potential.
Other high-priced areas include Neftchilar Avenue, the newly developed seaside boulevard zone, White City, and districts surrounding major transport hubs. In these locations, land prices typically range from 400,000 to 650,000 manats per sot.
Experts note that available land in central Baku is extremely limited. Dense construction, long-established infrastructure and zoning restrictions mean that new plots rarely enter the market. When they do, prices tend to rise sharply.
The shortage of land, combined with ongoing urban development and infrastructure upgrades, is expected to keep prices elevated in the coming years.
By contrast, suburban areas remain significantly more affordable. In Mardakan, for example, land prices start at around 30,000–35,000 manats per sot, while coastal plots can reach up to 100,000 manats, depending on proximity to the sea.
Overall, Baku’s land market is increasingly divided between ultra-expensive central districts with minimal supply and suburban zones that continue to offer relatively accessible alternatives for buyers and investors.
