Announcement of the sale of apartments in Yasamal Residential Complex

Sale of apartments at the buildings 1234 and 5 of Yasamal Residential Complex located at 8, outer ring road, Yasamal district, Baku, will begin on September 5 2018, at 11:00 am and will last until December 5 2018, 11:00 am.

Pursuant to the Decree No. 1113 of the President of the Republic of Azerbaijan dated November 16 2016, acquisition of apartments at the disposal of the State Housing Development Agency is carried out electronically through the "Affordable Housing" system created on the "E-Government" portal.

Only citizens who have an electronic cabinet in the "Affordable Housing" system have the right to receive housing. All citizens who have an electronic cabinet have the same rights to their choice of apartments regardless of the date of their registration and number. Those persons will be able to select apartments by entering the sale/apartments section in their e-cabinet based on the "early applicant, early service" principle (the first person who enters the system and selects an apartment at the moment of commencement of sales process will get an opportunity to buy it). Detailed information on the procedure for using the "Affordable Housing" system, including the instructions in text and video formats, is available on the homepage of www.mida.gov.az and www.mida.az at the "Affordable Housing System" link.

 

General information about the apartments put up for sale:

324 apartments are put up for sale. All apartments are offered in full repair, with kitchen furniture, equipped with a combi boiler system (including combi boiler), as well as water, gas and light meters.

All buildings are designed and constructed in accordance with the State Construction Standards (AzDTN) of the Republic of Azerbaijan. In this regard, there is positive opinion of the Non-institutional State Head Examinational Department of the State Agency for Control over Construction Safety of the Ministry of Emergency Situations of the Republic of Azerbaijan No. 22880 dated November 15 2016 and No. 23089 dated December 27 2016.

Baku State Territorial Department of the State Service for Registration of Real Estate under the State Committee on Property Issues of the Republic of Azerbaijan granted certificates on preliminary registration of proprietary rights over the apartments.

 

Building №

Land plot
of the building

(m²)

Number of 
floors in the building
Number of entrance
to the building
Number of rooms
in apartments
Number of
apartments

Area of apartments
on inner perimeter

(m²)

Area of apartments on
outside perimeter

(m²)

General contractor
/ address
Date of completion of
construction and installation 
and repair works

1

441,56

12

1

1

12

31,50 – 33,01

40,12

“NN Group” LTD / City Baku

Door 1, 8th floor, 27,

Talibli street, Yasamal district 

 

1st September,

2018

 

 

2

24

56,85 – 57,87

70,44

3

24

69,80 – 70,46

84,47

2

645,25

9

2

1

9

33,10 – 33,37

40,52

2

54

49,77 – 55,02

60,10 – 66,91

3

9

69,08 – 69,68

84,47

3

665,45

9

2

1

16

33,10 – 33,37

40,52

2

32

54,65 – 55,03

66,92

3

16

69,51 – 69,93

81,64

4

675,52

9

2

1

16

33,10 – 33,37

40,52

2

32

54,65 – 55,03

66,92

3

16

69,51 – 69,93

81,64

5

676,53

9

2

1

16

33,10 – 33,37

40,52

2

32

54,65 – 55,03

66,92

3

16

69,51 – 69,93

81,64

Terms of sale and prices:

Pursuant to the subparagraph 1.2.10 and paragraph 3.2 of the Regulations approved by Decree No. 1113 of the President of the Republic of Azerbaijan dated November 16 2016, the sale price of apartments offered to the citizens on concessional terms was determined lower than the average market price set by Azerbaijan Mortgage and Credit Guarantee Fund.

Price for one-room apartments starts from 29 925 manats,

Price for two-room apartments from 47 282 manats,

Price for three-room apartments from 65 626 manats.

Note: The sale price of apartments includes VAT.

 

When a citizen buys the apartment by the preferential mortgage loan of the Azerbaijan Mortgage and Credit Guarantee Fund:

Annual interest rate

Term

Minimum down payment

Monthly payment*

1-room

2-room

3-room

4%

3-30 il

10%

129-136 manats

203-236  manats

282-288 manats

* Monthly payment – when the apartment is bought with a 10% down payment, with 30-year mortgage loan at a rate of 4%.


 

NOTE! A citizen who wishes to buy an apartment with a preferential mortgage loan will receive an additional 10% discount on the amount paid in excess of the minimum down payment, while a citizen paying the full price of the apartment at his own expense, will receive an additional 10% on the whole amount.

 

Sale of apartments for a citizen who wants to own a flat at his own expense starts at the following prices:

Number of rooms Price of apartments 

(manats)

Additional discount amount

(manats)

Sale price of apartment 
after additional discount

(manats)

1

29 925

2 993

26 932

2

47 282

4 728

42 554

3

65 626

6 563

59 063

Note: The sale price of apartments includes VAT.

 

You can visit the website of Yasamal Residential Complex www.yasamal.mida.az and get accurate size and price of each apartment (and rooms) put up for sale, applicable discounts and additional allowances, information about agent banks, as well as make calculations through mortgage and affordable housing calculators.

Persons entitled to affordable housing can get detailed information about the procedure to apply for obtaining an affordable housing, terms of sale of apartments and agent banks on the websites www.mida.gov.az and www.mida.az or from "ASAN service" centers (No 1, 3, 5 and Sumgayit) and the call center "108".

 

For more information on the apartments put up for sale, please refer to the following links:

Apartments put up for sale in building 1

Apartments put up for sale in building 2

Apartments put up for sale in building 3

Apartments put up for sale in building 4

Apartments put up for sale in building 5

 

Note: Users of the "Affordable Housing" system can get acquainted with the updated instructions of the sales module in the relevant section of their e-Cabinets or through this link.

 

State Housing Development Agency of the Republic of Azerbaijan

© 2019