An announcement about the sale of apartments on preferential terms of the second phase of the Yasamal Residential Complex – the next project of the State Housing Development Agency

Sale of 64 apartments on building №4, 44 apartments on building №6, 44 apartments on building №18, 44 apartments on building №21, 39 apartments on building №22, 39 apartments on building №23, 24 apartments on building №24, 72 apartments on building №25 and 72 apartments on building №26, in total 442 apartments, of the second phase of the Yasamal Residential Complex located at 6, along the External Circular Motorway, Yasamal district, Baku city will start at 11:00 on 30 March 2022, to continue until 11:00 on 08 April 2022. 

Selection of apartments in the order of waiting in accordance with the “Rules of acquisition by citizens of apartments being at the disposal of the State Housing Development Agency of the Republic of Azerbaijan on preferential terms” will start at 11:00 on April 04, 2022, to continue until 11:00 on April 08, 2022.

Acquisition of apartments being at the disposal of the State Housing Development Agency in accordance with Order No.1113, dated November 16, 2016, of the President of the Republic of Azerbaijan will be carried out via the system “Affordable Housing” over the portal “Electronic Government” (www.e-gov.az).

Only those citizens who have obtained an electronic cabinet in the system “Affordable Housing” are eligible to acquire an apartment. Regardless of the date and serial number, all citizens who have obtained an electronic cabinet have equal rights in selecting apartments.

Detailed information regarding the rules of using the system “Electronic Government”, including instructions in the form of text and video, may be obtained via the link “Affordable Housing System” on homepages of the websites www.mida.gov.az and www.mida.az.

General information about the apartments put to sale:

442 apartments are put to sale, altogether. All apartments are offered with the interior finishing work completed, provided with a kitchen furniture and an individual heating system (including the heating device), as well as water, gas and electricity meters installed. 

The building has been designed and constructed to meet the State Construction Norms of the Republic of Azerbaijan. To confirm this, the State Expert Examination Central Department under the State Agency for Supervision of Construction Safety of the Ministry of Emergency Situation issued a positive opinion under No.26396, dated 29.11.2018, No.26436, dated 07.12.2018.

Baku Territorial Department No. 1 of the State Real Estate Registry Service issued “extracts from the state register of real estate on state registration of property rights” on property rights to apartments.

Sale terms and prices:

Sales of apartments within this announcement are provided both by paying the cost of the apartment using a mortgage credit and using own cash.  

Note:  In accordance the “Rules of acquisition by citizens of apartments being at the disposal of the State Housing Development Agency of the  Republic of Azerbaijan on preferential terms”, Item 5.6, only a person who has obtained a preliminary consent and placed it on the electronic cabinet may choose the payment method through a mortgage credit.

Price of studio type apartment - from 33 222 Manats,

Price of a one-room apartment –  from 33 222 Manats,

Price of a two-room apartment – from 53 941 Manats,

Price of a three-room apartment – from 69 084 Manats,

Price of a four-room apartment – from 91 770 Manats.

Note: Sale prices of apartments are inclusive of VAT.

In case a citizen acquires an apartment at the cost of a mortgage credit of the Mortgage and Credit Insurance Fund of the Republic of Azerbaijan on preferential terms:

ATTENTION! A person who wants to own an apartment using a mortgage credit on preferential terms will be granted discount depending on the amount paid in excess of the preliminary minimum payment, and, as to those who pay fully the cost of the apartment using their own cash at once, such citizens will be granted 10 percent discount on the whole amount. 

Sale of apartments for citizens willing to own an apartment by paying the cost of the apartment at once at their own cost start from the following prices:

 Get acquainted with the exact size, price, benefits and additional discounts of each apartment (and rooms) offered for sale, information about agent banks, as well as making calculations using mortgage and affordable housing calculators is available on the website www.yasamal2.mida.gov.az

Citizens eligible to acquire an apartment at a preferential price may receive detailed information about the rules of submitting application to own an apartment on preferential terms, selection of apartments in the order of waiting and sales conditions of apartments, as well as agent banks on the websites www.mida.gov.az and www.mida.az , or by applying to “ASAN Service” centres (No.1, 2, 3 in Baku, Sumgait and No.1 in Ganja), or “108” Call Centre. 

More detailed information about the apartments put to sale may be received via the following links: 

Apartments put to sale in Building No.4.

Apartments put to sale in Building No.6.

Apartments put to sale in Building No.18.

Apartments put to sale in Building No.21.

Apartments put to sale in Building No.22.

Apartments put to sale in Building No.23.

Apartments put to sale in Building No.24.

Apartments put to sale in Building No.25.

Apartments put to sale in Building No.26.

• Note: Users of the system “Affordable Housing” may become acquainted with the instructions on the use of the sale module and selection of apartments in the order of waiting in relevant sections of their electronic cabinets, or via the following links:

  • information related to use of sale module
  • instruction of selection of an apartment in the order of waiting