According to NTI's analytics department, May 2026 was the best month for rental yields in the Mahmutlar district in the past two years. The average gross yield reached 7.2% at an average price of €1,950 per square metre.
Three growth drivers
- The new promenade. A 2-kilometre stretch of waterfront has been completed, boosting demand for sea-view apartments by 18%.
- Air traffic. With the launch of direct flights from Almaty and Tashkent, the pool of long-term tenants from the CIS has grown.
- Building caps. The municipality has imposed a moratorium on new high-rises above 9 storeys — this supports prices for finished housing.
The most interesting formats to buy into: studios of 45–55 m² in complexes completed between 2022 and 2024, and two-room front-line apartments.