As Uzbekistan's economy continues its rapid growth trajectory, Tashkent's real estate market has emerged as a prime destination for international investors seeking opportunities in Central Asia. The government's infrastructure development initiatives and business-friendly reforms have created a dynamic property landscape across the capital.
I. Tashkent Real Estate Market Overview
Tashkent, Uzbekistan's political and economic hub, has witnessed significant transformation in recent years. The city's strategic location along historic Silk Road routes and its modernizing infrastructure make it an attractive base for regional operations.
Urban development projects have expanded commercial and residential zones, while improved transportation networks enhance connectivity. The government's foreign investment incentives, including simplified property acquisition processes for international buyers, have accelerated market growth.
II. Land Investment Opportunities
1. Industrial Zone in Bukha District (2.2 hectares)
This turnkey industrial plot includes worker dormitories, perimeter fencing, electrical transformers, and water wells - ideal for manufacturing enterprises needing immediate operational capacity.
2. Prime Commercial Land Near Domestic Airport (3,000 sqm)
Located at 0'gituvchilar ko'chasi with 55-meter street frontage, this high-visibility intersection parcel offers exceptional potential for flagship retail or hospitality developments.
3. Central Business District Plot (1,050 sqm)
Adjacent to the China-Uzbekistan Hotel, this $960/sq m property sits at a bustling crossroads, suitable for mixed-use projects combining retail, dining, and office space.
4. Agricultural/Industrial Land Near Samarkand Highway (17.4 hectares)
The Almazar township property features deep-water wells, fish ponds, arable land, and existing infrastructure - a versatile option for agribusiness or light manufacturing at $2.5 million.
5. Sergeli District Commercial Hub (5,000 sqm)
This strategically positioned $4.8 million parcel allows partnership development models for hotels, automotive services, or construction-related businesses.
III. Residential and Commercial Property Listings
Residential Highlights:
- Sergeli District Compound: 200 sqm residence on 1,000 sqm lot with warehouse potential ($299,000)
- Airport-Adjacent Redevelopment Opportunity: 328 sqm plot with existing structures near transport hubs ($250,000)
- Luxury Gated Community Villa: 420 sqm tri-level home with waterfall features ($550,000)
Commercial Highlights:
- Auto Mall Unit: 25 sqm turnkey retail/office space with EV charging ($55,000)
- Multilevel Showroom Building: 1,800 sqm exhibition/office complex with parking ($1.2 million)
- Entertainment Venue: Former KTV facility with 10 private rooms near Huawei headquarters ($850,000)
IV. Lease Opportunities
The rental market offers flexible solutions for businesses establishing Tashkent operations:
- 75-Room Boutique Hotel: Fully furnished property in Korean business district ($12,000/month)
- Logistics Yard: 2,000 sqm paved lot near metro and airport ($2,300/month)
- Retail/Storage Complex: 300 sqm storefront with 1,000 sqm warehouse near produce market ($4,500/month)
Market Outlook
Tashkent's real estate sector shows strong fundamentals with commercial rents increasing 8-12% annually and residential prices appreciating 15-20% in prime districts. The government's commitment to improving urban infrastructure and streamlining business regulations continues to enhance the city's investment profile.
While opportunities abound across all property segments, investors should conduct thorough due diligence regarding zoning regulations, ownership verification, and local market conditions before committing capital. The development of new economic zones and transportation corridors suggests sustained growth potential in both central and peripheral districts.