Baku:President of Azerbaijan Ilham Aliyev, alongside First Lady Mehriban Aliyeva and their daughter Leyla Aliyeva, attended the opening of AIREX 2026, the 1st Azerbaijan International Real Estate Exhibition, held at the Baku Expo Center. The event, organized by PASHA Property Management, marks a significant initiative in the realm of real estate in Azerbaijan, showcasing 61 companies, including 47 local and 14 international firms.
According to Azerbaijan State News Agency, the year 2026 has been declared the Year of Urban Planning and Architecture in Azerbaijan by an order from the head of state. This declaration and the exhibition itself underscore the government's commitment to advancing the real estate, architecture, and construction sectors within the country. AIREX 2026 serves as a vital platform for individuals and investors interested in purchasing homes, enhancing living conditions, or investing in real estate, while also facilitating dialogue and cooperation among industry stakeholders.
During their visit, President Ilham Aliyev and his family toured several stands, including those of PMD Group, PASHA Real Estate Group, and Sea Breeze. PMD Group, since its inception in 2013, has been involved in various real estate projects across Azerbaijan. The group has developed numerous projects, including Victory Park in the capital, and continues to work on further developments. Meanwhile, PASHA Real Estate Group, a key player in Azerbaijan's real estate sector, operates projects in Azerbaijan and five other countries, contributing significantly to Baku's architectural landscape.
At the Sea Breeze stand, the delegation was briefed on ongoing and future projects, including the ambitious Fire Island development and the Caspian Dream Liner apartment hotel complex. The Sea Breeze area, covering more than 1,000 hectares, is being expanded to accommodate a projected population of 500,000, with various modern infrastructure projects underway.
The exhibition also featured the State Housing Development Agency (MIDA) and Fortis Development. MIDA focuses on constructing affordable housing across Azerbaijan and has completed numerous projects, including residential complexes and social infrastructure. Fortis Development specializes in both residential and commercial construction, as well as the restoration of historical monuments.
International participants such as MODON Holding from the United Arab Emirates and the Housing Development Corporation (HDC) of the Maldives showcased their initiatives, emphasizing innovation and sustainability in urban development. The participation of Silk Development from Georgia highlighted the potential for expanding regional real estate opportunities.
The Baku White City project was a focal point at the exhibition, exemplifying modern urban development with a strong emphasis on environmental sustainability and smart urban planning. The project includes key landmarks such as the Gilavar complex and features public art installations by internationally acclaimed artists.
The Garabagh Revival Fund also presented its initiatives, focusing on the reconstruction of Azerbaijan's liberated territories and promoting public awareness through various projects and educational tools.
Overall, AIREX 2026 provides a comprehensive overview of Azerbaijan's real estate sector, showcasing the country's commitment to modern urban development and international cooperation in the field.