BAKU, Azerbaijan, November 4. PASHA Real Estate
Group plans to complete construction of the Ritz-Carlton project in
Tashkent in the summer of 2028 and begin sales of properties within
the project in the fourth quarter of 2027, Elchin Gadimov, Group
Chief Commercial Officer and CEO of International Projects at
company said, during the AIREX 2026 international real estate and
investment exhibition, which is taking place in Baku, Trend's correspondent reports
from the event.
According to him, construction on the project began early last
year. Gadimov noted that the complex includes a Ritz-Carlton hotel
with residences under that brand, as well as two high-rise
residential towers with apartments under the JW brand.
“In total, the project calls for about 700 branded residences,
including Ritz-Carlton and JW residences.
In addition, there are plans to create a pedestrian zone within
the complex featuring restaurants, salons, and boutiques,” he
noted.
Gadimov added that the project is located in the Milliy Bog
(National Park) area of Tashkent, near the central park.
According to him, the surrounding landscape shown in the
photograph corresponds to the project’s actual location and is not
a computer-generated rendering.
Baku is hosting AIREX 2026, Azerbaijan’s first specialized
international real estate and investment exhibition.
The exhibition, which runs from November 4 through November 6,
features more than 70 local and international companies
representing various countries in Europe and Asia.
About 20,000 people are expected to attend the exhibition. The
event brings together potential homebuyers, investors, and real
estate professionals. Attendees can explore local and international
projects, learn about their features and development prospects, and
speak directly with company representatives.
