OMM Newsroom
President of the Republic of Azerbaijan Ilham Aliyev, First Vice President Mehriban Aliyeva and their daughter Leyla Aliyeva visited the AIREX 2026 First Azerbaijan International Real Estate Exhibition at the Baku Expo Center on Nov. 4.
“Operative Information Center-OMM” reports that 61 companies — 47 local and 14 foreign — are taking part in the exhibition, organized by PASHA Property Management.
By a decree of the head of state, 2026 has been declared the Year of Urban Planning and Architecture in Azerbaijan. The exhibition highlights state-level support for the development of the real estate, architecture and construction sectors. It brings together people seeking to buy homes, improve their living conditions or invest in real estate, as well as major investors, company representatives and industry professionals. The event also provides a platform to expand dialogue among market participants, exchange experience and discuss new opportunities for cooperation.
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President Ilham Aliyev, First Vice President Mehriban Aliyeva and their daughter Leyla Aliyeva visited the stand of PMD Group.
They were informed that PMD Group has operated in real estate investment, project development and management since 2013. The company delivers residential, commercial and public-social projects. Its services cover four areas, from concept development and construction to management: construction and project management; architecture and design; real estate management, sales and leasing; and logistics and warehousing. PMD Group and its subsidiaries built Victory Park in Baku and have implemented projects in Baku and the Absheron Peninsula, as well as in Azerbaijan’s liberated territories, where work is continuing.
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It was noted that PASHA Real Estate Group, part of PASHA Holding, invests in real estate, develops projects and manages property assets. The group implements projects in Azerbaijan and five other countries — Türkiye, the United States, Montenegro, Georgia and Uzbekistan — in partnership with leading international brands. One of Azerbaijan’s leading real estate companies, PASHA Real Estate Group contributes to Baku’s modern architectural character through projects designed to international standards and developed in cooperation with renowned international architecture firms. Its activities include real estate development, management of hotels, residences and retail properties, and cooperation with international hotel brands.
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The head of state, the First Vice President and their daughter viewed the Sea Breeze stand and learned about completed work and future projects.
Sea Breeze covers more than 1,000 hectares, with plans to expand the area to 1,850 hectares. More than 50 projects have been completed or are under way there. Sea Breeze is already home to more than 60,000 residents. Once the project is fully completed, its population is expected to reach 500,000.
One of the major projects in the area is Fire Island, which covers more than 200 hectares. Plans call for modern infrastructure meeting international standards, including a Formula One circuit approximately 5.5 kilometers long, with 18 turns.
Sea Breeze’s flagship project is Caspian Dream Liner, an aparthotel development on an artificial peninsula.
Aypara, covering about 50 hectares, is among Sea Breeze’s largest and most prominent projects. Plans include five-star hotels, retail streets with branded stores, a multifunctional arena and a 323-meter tower.
The main aim is to continue developing Sea Breeze as a modern city of international standing, attract foreign investment, create jobs and contribute to the development of Azerbaijan’s tourism and economic potential.
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It was also reported that Baku City Residences, with nearly 15 years of experience, builds and sells residential and commercial properties. Its projects combine modern architecture, convenient locations and comprehensive infrastructure. Quality, design and the needs of contemporary urban life are central to their development. The company has completed several projects to date. It plans to build the Baku Bay project in the waterfront district of Baku White City.
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President Ilham Aliyev, First Vice President Mehriban Aliyeva and their daughter Leyla Aliyeva also visited the stand of the State Agency for Housing Construction (MIDA).
They were told that the agency was established to improve housing conditions for citizens in Azerbaijan. Its main focus is building affordable, environmentally friendly and energy-efficient residential complexes for low- and middle-income families.
MIDA has implemented 20 projects across the country: seven in Baku, three in Garabagh and 10 in Ganja, Absheron, Sumgait, Lankaran, Shirvan, Yevlakh, Nakhchivan, Shamkir and Salyan. The projects include not only residential buildings but also schools, kindergartens and a medical center.
The agency has completed five affordable housing projects in Baku and six in the regions. It has begun work on three of six current projects covering the capital and the regions, while three residential complexes are at the design stage.
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The head of state, the First Vice President and their daughter Leyla Aliyeva visited the stand of Fortis Development.
They were informed that the company has more than 10 years of experience in building residential and commercial properties, restoring historic and architectural monuments, renovating building facades and improving public spaces. Its work in Baku includes the improvement of Shahriyar and Saadat parks, public-space upgrades in Balakhani settlement, restoration of the Pir Hasan shrine in Mardakan and Imam Mosque in Amirjan, and renovation of more than 40 buildings in Baku ahead of COP29. The company has also carried out cultural heritage projects.
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Chapman Taylor, which works in architecture, planning and interior design, was founded in London in 1959. The international architecture firm has delivered projects in more than 100 countries and won more than 300 architecture awards. It has also undertaken several projects in Azerbaijan. Chapman Taylor designed the master plans for Shusha, Jabrayil, Khankendi and Nakhchivan, as well as numerous residential and public buildings in those cities and in Baku, Ganja, Aghdam, Fuzuli and Gusar.
The company has carried out residential development, renovation of existing building facades and other social projects in Shusha, Jabrayil, Khankendi, Fuzuli and Aghdam. Several projects are under way.
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The United Arab Emirates’ Industrial Cities and Technology Zones authority, MODON, is also represented at the exhibition with a large display. The company specializes in innovation and implements programs to digitize production processes and move to modern standards. Its incentives include advisory services, financing programs, support for local content development, and the provision of industrial infrastructure and ready-to-use production facilities. At the exhibition, the company presented a concept for a development plan for the area around Boyukshor Lake.
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The Baku White City project is one of the world’s prominent examples of modern urban planning. Launched on Dec. 24, 2011, with President Ilham Aliyev and First Vice President Mehriban Aliyeva in attendance, the project is designed to be environmentally clean and sustainable, following Smart City principles and incorporating the latest advances in urban planning. The area, formerly known as Black City, had been polluted by oil industry waste for more than 150 years. At the initiative of the President of Azerbaijan, a rare environmental project was implemented there to create a modern residential district. The residential buildings were the first in CIS countries to be designed in accordance with BREEAM, an international environmental certification standard, and CRREM, the Carbon Risk Real Estate Monitor requirements. With broad internal streets, green spaces and modern international sculpture, Baku White City has become one of the capital’s most modern places to work, live and relax.
As part of the Baku White City project, a concept for a new museum building has been developed in cooperation with the State Oil Company of the Republic of Azerbaijan (SOCAR). The museum will focus on the rich history of Azerbaijan’s oil industry and its leading role in the global energy sector. It will tell the story of the transformation of Black City, once facing environmental disaster, into the modern, sustainable Baku White City. The building will include an exhibition hall, library, offices, restaurants and cafes. The project also includes a 90-meter observation tower offering views of the city and the waterfront.
Gilavar, one of the main landmarks of Baku White City, brings together public spaces, entertainment venues, dining establishments, yacht clubs and a 49-story residential building approximately 185 meters tall.
The project was developed jointly by ADEC and the renowned U.S. firm SOM, a world leader in high-rise architecture and the designer of the Burj Khalifa.
Baku White City has also become a popular destination for art and culture enthusiasts. Renowned sculptors from around the world have expressed interest in installing their works there. These include the Qarabag Horses sculpture complex by American sculptor Robert Summers; Seven Public Clocks, a composition of seven clocks created specifically for Baku White City by renowned artist Konstantin Krik and installed in Time Square; the bronze sculpture Above the Clouds by renowned sculptor Joseph Klibansky; and In Search of Light by contemporary British sculptor Simon Gudgeon.
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Housing Development Corporation (HDC) is the Maldives’ principal state-owned enterprise leading the country’s spatial and economic transformation. HDC is involved in developing smart, inclusive and sustainable cities and manages major development projects. Its stand features projects including a centralized Industrial Village for logistics and a high-capacity South Harbor Commercial Zone. Through its participation in the exhibition, HDC is presenting investment opportunities in the Maldives’ commercial real estate, green technologies, smart utilities and maritime trade, in addition to tourism.
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Silk Development is a leading company delivering residential and hotel projects in Georgia. Silk Towers in Batumi is one of its flagship projects. The company’s stand presents a portfolio of residential, luxury hotel and mixed-use projects, properties designed by internationally renowned architects, and high-yield ownership models intended to deliver long-term value. Silk Development is taking part in the exhibition to expand its presence in the Caspian region and establish direct contacts with investors, strategic partners and brokers.
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The multifunctional Luna Garden residential complex is located in one of Baku’s rapidly developing areas, near Koroglu metro station and Boyukshor Lake. A new exit from Koroglu station leads directly to the complex, helping ensure residents’ convenience. The project covers 6.7 hectares and comprises nine buildings. Green spaces are planned to cover 60 percent of the area.
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Operating in Azerbaijan’s construction and real estate sector since 2003, Kristal builds modern, high-comfort residential complexes in Baku and Sumgait. Its projects follow a “city within a city” concept, bringing together schools, kindergartens, parks, retail and other social infrastructure. The approach is intended to create a comfortable, functional and modern living environment. Projects in this category include City Garden Narimanov, Park Yasamal and Highland Residence.
Kristal places particular emphasis on innovative construction technologies, energy efficiency, environmental responsibility and sustainable urban planning. One of the main innovations presented by the company at the exhibition is a modern panel facade system. The technology offers high thermal insulation, reduces energy loss and improves buildings’ energy efficiency.
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President Ilham Aliyev, First Vice President Mehriban Aliyeva and their daughter Leyla Aliyeva also visited the stand of the Garabagh Revival Foundation.
It was noted that the foundation provides financial support for the restoration and reconstruction of the liberated territories, attracts investment, promotes public-private partnerships and implements awareness-raising projects. Its participation in the exhibition is aimed at raising public awareness of its activities and the large-scale restoration and reconstruction work under way in the liberated territories, as well as promoting a culture of donation.
The foundation’s innovative book project, The Revival of Garabagh: The Story of Azerbaijan’s Renaissance, has also attracted interest. Commissioned by the foundation, the book presents the realities of Garabagh and the restoration and reconstruction work being carried out under the leadership of the President of Azerbaijan.
The stand also features information about Pearls of Garabagh, an educational game introducing the region’s historical and cultural heritage, restored monuments and infrastructure built after the Victory; Garabagh Quiz, an interactive quiz on the region’s history, culture, prominent figures and the Patriotic War; and Deadly Legacy, a documentary commissioned by the foundation to draw international attention to the threat posed by landmines.
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