The Crescent Bay in Baku is a prestigious mixed-use development located on the Caspian Sea waterfront. It comprises a residential tower, a commercial tower with retail facilities, and the iconic seven-star Crescent Hotel situated on an offshore island. The development offers a diverse range of real estate options, including commercial, retail, and residential spaces, all fronting richly activated public realms designed to facilitate a wide variety of outdoor entertainment and national events. The 'landside' development is anchored by a 400-meter-long shopping mall with various activated landscaped terraces overlooking the centerpiece of the development, the iconic Crescent Hotel. A large public plaza connects the lagoon and hotel island with the retail frontage, featuring culturally appropriate placemaking interventions to ensure a vibrant 24/7 urban and recreational environment.

Insights

Iconic Design

The Crescent Bay features the seven-star Crescent Hotel on an offshore island, serving as the centerpiece of the development and offering luxurious accommodations with stunning views of the Caspian Sea.
Diverse Real Estate Offerings

The development includes a residential tower, a commercial tower with retail facilities, and a 400-meter-long shopping mall, providing a comprehensive mix of living, working, and shopping experiences.
Vibrant Public Spaces

The project boasts richly activated public realms, including landscaped terraces and a large public plaza, designed to facilitate a wide variety of outdoor entertainment and national events, ensuring a lively urban environment.

Building Details

Regional Centre

275000 SQM

Gilan Holding

2022

601

'

Mall Demographics

500,000 People

1.5 Percent

32 Years

3.8 People

35 Percent

Economic Indicators

4,509 USD

5.2 Percent

45 Index

Consumer Spending

1,200 USD

250 USD

450 USD

200 USD

Mall Traffic & Performance

3,000,000 Visits

60 Minutes

25 Percent

4,000 USD

Competition & Tenant Mix

80 Stores

Yes

3 Competitors

70 Percent

Real Estate & Leasing

30 USD

8 Percent

Moderate

2,000 Square meters

Accessibility & Infrastructure

Yes

Yes

1,000 Spaces

High

Digital & E-commerce Trends

Moderate

20 Percent

85 Percent

Safety & Security

Low

High

Marketing & Events

10 Events

30 Percent

Yes

Growth Potential

5 Percent

5 Tenants

No

Contact

Gilan Holding

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