Kempinski Signs Agreement to Manage the Most Exclusive Branded Residences in Azerbaijan

Geneva, 14 October 2024 — Rising above the steel-blue waters of the Caspian Sea, Kempinski Residences Bayil Bay will become the most coveted address in the Azerbaijani capital when it opens in 2025. Behind a modern, undulating façade inspired by the gentle movements of the waves, this architectural marvel will be home to 37 elegantly appointed private residences, providing a stylish base for owners and investors looking for a home in Baku. The project, already built and currently under finalization on Seafront Boulevard, is being developed by Azerbaijani real estate company Baku City Residences, which has to date completed seven residential real estate projects totalling more than 2,500 homes and has five new projects in the pipeline.

“In recent decades, Baku has become a beacon of industry and entrepreneurship in the Caspian Sea region,” says Barbara Muckermann, Chief Executive Officer, Kempinski Group. “In Kempinski Residences Bayil Bay, we will introduce owners to a standard of luxury lifestyle that reflects the timeless elegance of Kempinski hospitality, accompanied by inspiring views of the Caspian Sea and the most beautifully appointed interiors in Baku.”

Five different categories of private residences ranging from 249-436.6 sq m will be available for full ownership, affording investors the chance to experience the benefits of a Kempinski hotel stay courtesy of a team of dedicated Kempinski hosts. In addition to the 37 residences, which all boast spacious private terraces, the project will include three floors of luxury retail, a private lounge area with meetings spaces, gym, video conferencing room, and a fine-dining restaurant with panoramic outdoor terraces overlooking the tranquil waters of Bayil Bay.

A state-of-the-art spa and fitness centre managed by a leading international brand will provide a sanctuary in which owners can relax and rejuvenate, complete with infinity-edge swimming pool, Turkish bath, Pilates studio, salt room and a Finnish sauna, while a subterranean parking garage for the exclusive use of residence owners will be fitted with electric car charging points and a car wash station. The clever architectural design by renowned Italian architect Mauro Lipparini incorporates a vented façade with thermal insulation and an abundance of leafy plants draped between private terraces, designed to create an ambient environment all year round.

Kempinski Residences Bayil Bay is situated in close proximity to some of Baku’s most iconic attractions including the Old City, Maiden Tower and the Azerbaijani National Carpet Museum, as well as key business and events venues such as Baku Crystal Hall and the iconic Flame Towers, a symbol of Azerbaijan’s economic success and abundant natural resources. A 40-minute drive to the north of Baku, Yanar Dag, the Burning Mountain, is home to the eternal flame that gave Azerbaijan its nickname, the ‘Land of Fire’.

Accessed via Heydar Aliyev International Airport, Baku is the stage upon which a growing collection of international sporting and cultural events have been set, including the annual Baku International Jazz Festival, the UEFA European Football Championships (2020) and the Azerbaijan Grand Prix, which was inaugurated in 2017 and takes place annually on the historic streets around Baku Old Town. From November 11-22, the city will host the 29^th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), a global gathering dedicated to tackling climate-change.

“Further building upon our reputation for developing some of the leading premium real estate in Azerbaijan, Kempinski Residences Bayil Bay will raise the bar for luxury living in Baku,” says Ramil Maharramov, CEO, Baku City Residences. “By partnering with Kempinski, we can confidently offer discerning investors the promise of a luxury lifestyle that surpasses anything currently available in Azerbaijan, curated by Europe’s oldest and most prestigious hospitality company.”

Kempinski Residences Bayil Bay are expected to be complete by Q2 2025.