District trends

Mərdəkan apartment prices

Average AZN/m²

1 860AZN/m²0.6%

Active listings

139

Baku city-wide

-32.9%

Mərdəkan is mid-priced of Baku's areas. There are currently 139 active listings, with an average price of 1 860 AZN per square meter. Prices rose 0.6% this past week. That is notably below the Baku average.

Compared

This district

1 860 AZN/m²

32.9% below Baku

Baku city-wide

2 773 AZN/m²

median price per m² across 54 380 active listings, 2 November

Nearby districts

Buzovna

1 948 AZN/m²

29.8% below Baku

Binə

1 552 AZN/m²

44.0% below Baku

Hövsan

1 864 AZN/m²

32.8% below Baku

Sale price trend

Sale - by room count

RoomsAvg AZN/m²MoMActive

1 rooms2 3751.7%16

2 rooms1 8000%46

3 rooms1 9330.4%51

4+1 6380.8%26

Rent price trend

Rent - by room count

RoomsAvg AZN/m²MoMActive

1 rooms120%3

2 rooms100%6

3 rooms425.8%14

4+20%3

Rent yield

Expected yield

4.2%

A typical apartment rents for about 440 AZN a month, 5 300 AZN a year. At that rate it pays back its price in about 24 years.

Frequently asked questions

The average apartment price in Mərdəkan over the past week is 125 000 AZN.

A square metre in Mərdəkan is roughly 1 860 AZN.

Over the past 52 weeks the average price per m² has fallen −13.0%.

The average 2-room apartment in Mərdəkan is 98 000 AZN.

The gross annual rental yield in Mərdəkan is about 4.2%.