Palazzo Del Mare

Baku, Azerbaijan

1 / 3

Price from

$139,000

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

$2,097 / m²

cheaper than 50% of city projects

0% vs the city median (Baku), sample of 23 projects

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Data verified Aug 8, 2026price source: developer partner networkupdated 22 days ago

Properties

Condominium

Area

54 - 196 m²

Bedrooms

Readiness

Under construction

Available

14 of 14

Dry season

Jul, Aug, Jun

First instalment

30%

Properties

Condominium

Area

54 - 196 m²

Bedrooms

Readiness

Under construction

Available

14 of 14

Dry season

Jul, Aug, Jun

First instalment

30%

Is this expensive for the city

$2,097per m²cheaper than 50% of city projects

Median $2,100

$1,694$7,683

0% vs the city median (Baku), sample of 23 projects

Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

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What it really costs

Payment plan

Step 1
On contract
30%
$41,700
Step 2
Before commissioning
50%
$69,500
Step 3
After transfer
20%
$27,800

Total100%$139,000

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

Purchase price: $139,000

Monthly rent: $700

$100$2,100

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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Occupancy rate: 95%

40%100%

Annual appreciation: 6%

0%20%

Monthly income

$473

Annual income

$5,672

Gross yield

5.7%

Net yield

4.1%

Value in 5 years

$186,013

5-year ROI

54%

Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

When is the season here

Driest months: Jul, Aug, Jun

Wettest months: Nov, Oct, Dec

Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.

Rainfall, mm per monthTemperature, °C

Monthly climate normal: temperature and rainfall
Month	Temperature, °C	Rainfall, mm
Jan	6.0	16
Feb	5.7	15
Mar	7.6	16
Apr	10.9	13
May	17.3	10
Jun	22.7	6
Jul	25.9	3
Aug	26.5	4
Sep	23.0	13
Oct	17.8	22
Nov	12.2	25
Dec	8.1	17

Source: NASA POWER, climate normal (2001-2020). Grid node 40.6, 50.0. This is a multi-year normal, not a weather forecast.

About the project

Properties

Condominium

Status

Under construction

Total units

Available

Area

54 - 196 m²

Properties

Condominium

Status

Under construction

Total units

Available

Area

54 - 196 m²

Description

Four separate buildings make up Palazzo Del Mare, a condo development in Baku currently under construction. The developer is Nardaran Invest MMC, and the project sits within the City of republican subordination Baku region.

The development totals 14 units, all built as one-bedroom apartments, with sizes ranging from 53.5 to 196 square meters. That spread means buyers choosing a one-bedroom layout can pick between a compact footprint and a considerably larger one within the same bedroom count.

Prices start at 139,000 USD and go up to 431,200 USD, working out to 2,598 USD per square meter. All 14 units are currently available, so the full range of sizes and prices remains open to choose from.

With construction still underway and the 14 units spread across 4 buildings rather than concentrated in a single tower, the layout of the complex is defined by that multi-building structure.

Location

Baku, Azerbaijan

Market context

Apartment price growth

17%

Villa price growth

20.2%

Transaction volume

13%

Average rent

883 manats

Price per sqm

2,388 manats

Apartment prices in Baku have continued to rise, with a year‑over‑year increase of around 17% in 2025, while rental rates are also climbing, reflected in a median monthly rent of 883 manats. Demand for rental housing remains strong, driven by foreign specialists, international companies and the influx of residents linked to reconstruction projects. The market stays attractive to foreign buyers, who can purchase apartments (though not land) and benefit from residence‑permit programmes tied to real‑estate investment.

Sources (6) · updated 21/08/2026

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