Kempinski-run residences
The Swiss-based hotelier has signed a management agreement for the Kempinski Residences Bayil Bay, which is set to open in 2025.
The property will be home to 37 private residences in Baku, the Azerbaijani capital. The project has already been built and is currently under finalisation.
Azerbaijani real estate company Baku City Residences is developing the project. Kempinski Residences Bayil Bay is the eighth property to be completed by the group, which also has five new projects in the pipeline.
Five different categories of private residences ranging from 249-436.6 sq m will be available for full ownership, affording investors the chance to experience the benefits of a Kempinski hotel stay courtesy of a team of dedicated Kempinski hosts.
Amenities will include a state-of-the-art spa and fitness centre, an infinity-edge swimming pool, Turkish bath, Pilates studio, salt room and a Finnish sauna, while a subterranean parking garage for the use of residence owners will be fitted with electric car charging points and a car wash station.
The architectural design by renowned Italian architect Mauro Lipparini incorporates a vented façade with thermal insulation and an abundance of leafy plants draped between private terraces, designed to create an ambient environment all year round.
Kempinski Residences Bayil Bay is situated in close proximity to some of Baku’s most iconic attractions including the Old City, Maiden Tower and the Azerbaijani National Carpet Museum, as well as key business and events venues such as Baku Crystal Hall and the iconic Flame Towers.
In addition to the 37 residences, which all boast spacious private terraces, the project will include three floors of luxury retail, a private lounge area with meetings spaces, gym, video conferencing room, and a fine-dining restaurant with panoramic outdoor terraces overlooking Bayil Bay.
New standard of luxury lifestyle
Barbara Muckermann, Chief Executive Officer of Kempinski Group, said the residences would introduce a new “standard of luxury lifestyle”.
“In recent decades, Baku has become a beacon of industry and entrepreneurship in the Caspian Sea region,” she added.
“Further building upon our reputation for developing some of the leading premium real estate in Azerbaijan, Kempinski Residences Bayil Bay will raise the bar for luxury living in Baku,” says Ramil Maharramov, CEO, Baku City Residences.
“By partnering with Kempinski, we can confidently offer discerning investors the promise of a luxury lifestyle that surpasses anything currently available in Azerbaijan, curated by Europe’s oldest and most prestigious hospitality company.”
Kempinski Residences Bayil Bay are expected to be complete by Q2 2025.
