1500

1600

1700

1800

1900

2000

2100

2200

2300

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

After initial contraction following the end of FSU, the population of Baku has steadily increased,attracted by jobs opportunities in sectors such as services with white collars middle-classprogressively taking over blue collars farmers or industrial workers.

Dynamics of population growth in Baku(at the beginning of the year, thsd. persons, AzStat)

100 103112

131

179164

201

241

284

345

376

100

119

150

180

200211

224 231240

256265

0

50

100

150

200

250

300

350

400

450

500

2004 2005 2006 2007 2008 2009 2010* 2011* 2012* 2013* 2014*

Construction

Mining

Trade

Total GDP

Manufacturing

Agriculture

The Construction sector has been the most dynamic economic sector in the last 10years, together with Oil and Gas.

GDP and sector growth 2004-2014 (index 2004=100, AzStat)

0,70,8

1,0

1,7

1,5

1,9

1,61,7

2,0

1,5

2,0

1,8

2,22,3

1,9

0

0,5

1

1,5

2

2,5

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

As of today, levels of construction per capita still remain much lower than in Soviet times and are insufficient to deal with the needs of the strongly developing urban middle class

Number of dwellings submitted into use per 1000 population (source AzStat )

• The Great City Project is one of the biggest construction projects in theRepublic of Azerbaijan close to the center of Baku

• Its main goal is to supply affordable and comfortable housing for the Baku middle-class

• Construction is capped at 4 floors, which is a very popular type of residence among the middle-class even though currently most new buildings are much higher

• The project includes 60 residential buildings and all infrastructure facilities

• In proximity of the city center

• Only 100 m from Heydar Aliyev Avenue, the backbone of modern urban development of Baku on the way to the airport and… beaches!

Our proposal

City center

Near the center

Far off from the center

Outskirts of the city

1800 - 5000 USD

1500 - 3000 USD

1200 - 2000 USD

450 - 1500 USD

Price per 1 m2:

Prices in Baku depend on locations in four different circles.

Great City Project is located in the 2nd best circle whose prices are in a 1,500/3,000 USD bracket.

Price specificities in primary real estate market in Baku

Location of the project site: at the center of high paid jobs location

Our neighbors:

• On photo 1 a new hospital within walking distance from our residence: jobs and services

1 32

• On photos 2 and 3, top market office towers, located just opposite from Great City residence. Headquarters of national oil company SOCAR, AZERSU (State Water Supply Company), Central Bank of Azerbaijan, State Oil Fund

• 960 flats with total area 96’000 m2

• 1-2-3-4 bedroom apartments

• Size of apartments from 91to 260 m2

• Ceiling height of 3.3 m

• Large halls

• Each apartment will have a guest toilet

• Each bedroom will have a separate bathroom

Providing the highest building standards at affordable prices

school

health center

artificial lake

kindergarten

residential buildings

infrastructurefacilities

supermarket

restaurant

Organization of the residential complex: make life comfortable

• Government schemes favoring access of the population to property of real estate will keep on sustaining market development.

• Azerbaijan has already approved the law on mortgage lending.

• Currently interest rates in AZN are: 4% - for public servants (through the Azerbaijan State Mortgage Fund)

6% - for other categories of population (through the Azerbaijan State Mortgage Fund)

8% - for other categories of population (through commercial banks)

From January 2016:

• Additional AZN 200 million were allocated to the existing quota of AZN 600 million for the Azerbaijan State Mortgage Fund

• The individual ceiling for subsidized mortgage credits will be increased up to 100 000 AZN

• Interest rates were reduced to :

- 2% - for access to property of young borrowers

- 3% - for public servants

Real Estate drivers

• The Great City Residential Complex is a Green concept withgardens, playgrounds and even an artificial lake

• A private water cleaning system will be installed, providing highquality potable drinking water, an exception in Baku

• All the territory of the complex will be securely fenced, with asecurity checkpoint at the entrance of the courtyard and of theparking

• Green life will be a privilege

A Great Green City