Announcement of the sale of apartments in Yasamal Residential Complex

Sale of 10 apartments in buildings 10-13, as well as 560 apartments in buildings 14 - 22, altogether 570 apartments, of the Yasamal Residential Complex, located at 8, External Circular Road, Yasamal district, Baku city, will start at 11:00 on October 16, 2019, to continue until 11:00 on October 30, 2019

In accordance with the “Rule of acquisition by citizens of apartments being at the disposal of the State Housing Development Agency of the Republic of Azerbaijan" on preferential terms selection of an apartments in the order of waiting will start on 18 October 2019 at 11:00 and continue till 11:00 on 30 October 2019.

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:

570 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. 23206 dated 30.01.2017, No.23210 dated 31.01.2017 and No. 23364 dated 17.03.2017

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

Number of enterance

Number of

rooms

Number of

apartments

Area of apartments

on inner perimeter (m²)

Area of apartments

outside perimeter (m²)

General contractor / address

Date of completion of

construction and installation

and repair works

10

441,56

12

1

2

1

56,87

70,44

"Hovers Group" MMC / Baku city,

Nasimi district, Abbas Sahhat street, house 73

10th october 2018

11

665,32

9

2

2

3

54,65-55,07

66,91

12

441,56

12

1

3

1

70,46

84,47

"SMT İnşaat" MMC / Baku city,

Yasamal district, Jafar Jabbarli street, house 44

1st aprel 2019

13

665,32

9

2

2

5

54,73-55,07

66,91

14

1507,97

9

2

1

8

33,10-33,37

40,52

“Caspian CLC” MMC / Baku city,

Binagadi district, passage 1410,

6-cı micro district, house 15/2, apartment 89

1st aprel 2019

2

48

50,16-55,14

60,10-66,91

3

8

69,47-69,73

84,47

15

665,32

9

2

1

8

33,10-33,37

40,52

2

48

50,16-55,14

60,10-66,91

3

8

69,47-69,73

84,47

16

665,32

9

2

1

8

33,10-33,37

40,52

“AS Tikinti” MMC / Baku city,

Nasimi district, 28 May street,

house 10, apartment 18

22nd december 2018

2

48

50,16-55,14

60,10-66,91

3

8

69,47-69,73

84,47

17

1507,97

9

2

1

8

33,10-33,37

40,52

2

48

50,16-55,14

60,10-66,91

3

8

69,47-69,73

84,47

18

665,32

9

2

1

8

33,10-33,37

40,52

“Araz İnşaatçı” MMC / Baku city,

Narimanov district, Khasanoglu street,

block 851, apartment 10/86

22nd december 2018

2

48

50,16-55,14

60,10-66,91

3

8

69,47-69,73

84,47

19

441,56

12

1

1

12

31,50-33,01

40,12

2

24

56,85-57,87

70,44

3

24

69,80-70,46

84,47

20

441,56

12

1

1

12

31,50-33,01

40,12

“MƏK-AN” MMM / Baku city,

Narimanov district, Aliyar Aliyev street 26N.

22nd december 2018

2

24

56,85-57,87

70,44

3

24

69,80-70,46

84,47

21

441,56

12

1

1

12

31,50-33,01

40,12

2

24

56,85-57,87

70,44

3

24

69,80-70,46

84,47

22

441,56

12

1

1

12

31,50-33,01

40,12

2

24

56,85-57,87

70,44

3

24

69,80-70,46

84,47

 

 Terms of sale and prices:

Sale of apartments within this announcement is provided both through payment using a mortgage credit, and also at a person’s own cost

Note: In accordance with Item 5.6 of 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”, only a person who has obtained the decision on primary consent and placed it on his/her electronic cabinet may chose the method of paying the cost of the apartment by means of using a mortgage credit.

 

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

Price for two-room apartments from – 47 652 manats,

Price for three-room apartments from– 65 997 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 years

10%

129-136 manats

205-236 manats

284-288 manats

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

ATTENTION! A citizen willing to own an apartment using a mortgage credit shall benefit from a discount depending on the amount paid in excess of the minimal advance payment amount, and those paying the amount of the apartment in full at their own cost, 10 percent 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 

2 992

26 933

2

47 652 

4 765

42 887

3

65 997 

6 600

59 397

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 10

Apartments put up for sale in building 11

Apartments put up for sale in building 12

Apartments put up for sale in building 13

Apartments put up for sale in building 14

Apartments put up for sale in building 15

Apartments put up for sale in building 16

Apartments put up for sale in building 17

Apartments put up for sale in building 18

Apartments put up for sale in building 19

Apartments put up for sale in building 20

Apartments put up for sale in building 21

Apartments put up for sale in building 22


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

State Housing Development Agency of the Republic of Azerbaijan

© 2021