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Famous singer and entrepreneur Emin Agalarov has announced a new large-scale project in Tashkent. His company, Agalarov Development, will begin constructing a modern residential complex that will operate as an apartment hotel. This project promises to become one of the most striking real estate developments in the capital of Uzbekistan.
Project Features
According to Agalarov, the complex will cover an area of 90,000 square meters and will include 750 apartments, each of which will be offered to buyers with complete interior finishes.
The key feature of this project is that, like the Sea Breeze resort complex near Baku, the residential complex in Tashkent will function as an apartment hotel. This means that apartment owners can rent out their properties through a management company, generating a steady income.
“It will be 90,000 square meters, 750 apartments, all of which will be sold with finishes. The most important thing is that, like in the Sea Breeze resort complex near Baku, this will be an apartment hotel. Accordingly, people can buy the apartments, hand them over to management, and earn income from renting them out, ensuring an additional source of income,” noted Emin Agalarov.
Construction to Begin in September
Agalarov also emphasized that the active phase of construction will begin in September. Although the exact location of the project has not been disclosed, it is presumed that construction will take place on the territory behind the “Miran” hotel and the National Bank of Uzbekistan, where the Ministry of Defense and Military Prosecutor’s Office are currently located.
This residential complex is set to become not only a landmark in architecture but also an attractive investment opportunity for those looking to invest in real estate in Tashkent.
The text has been translated by AI. For more accurate information, please refer to the Russian version of the article.
