Top 5 Districts for Real Estate Investment in Yerevan

Yerevan's real estate market offers diverse investment opportunities across its districts. Here's our analysis of the top 5 areas that show the most promise for property investors in 2024.

1. Kentron (Center)

Historical and cultural heart of Yerevan
Premium real estate with consistent value appreciation
High rental demand from tourists and businesses
Proximity to major attractions and business centers
Average price: $2,500-3,500 per square meter

2. Arabkir

Modern residential developments
Excellent infrastructure and transportation links
Popular among young professionals
Growing commercial sector
Average price: $1,800-2,500 per square meter

3. Davtashen

Rapidly developing district
New construction projects
More affordable than central districts
Green spaces and family-friendly environment
Average price: $1,500-2,000 per square meter

4. Kanaker-Zeytun

Emerging investment hotspot
Good balance of old and new developments
Improving infrastructure
Reasonable entry prices
Average price: $1,400-1,900 per square meter

5. Nor Nork

Large residential district
Growing commercial infrastructure
Affordable investment options
Good potential for value appreciation
Average price: $1,300-1,800 per square meter

Investment Considerations

When investing in Yerevan's real estate market, consider:

Property age and condition
Infrastructure development plans
Proximity to metro stations and major roads
Neighborhood amenities
Future development prospects

Market Outlook

The Yerevan real estate market shows strong growth potential, with steady price appreciation in most districts. The city's ongoing modernization and infrastructure improvements make it an attractive destination for both local and international investors.