If you have recently moved to Yerevan or you live there and are considering buying real estate in a different district, you are most likely weighing the pros and cons of living in various areas.
In this article, we will present the most popular neighborhoods and the real estate prices in Yerevan, helping you make the right choice!
1. Kentron (The Centre)
Kentron district is the heart of Yerevan. It is home to the city's key cultural and historical sites like Republic Square, the Opera House, and the Cascade. Here you can find the best restaurants, cafes, shops, and galleries of the city. Living in the center will give you the opportunity to take full advantage of the city's amenities.
Infrastructure: Various transport options are available, there are higher educational institutions, medical centers, cultural venues, and elite schools nearby.
Real estate prices: This is the most expensive neighborhood in Yerevan. Apartment prices here range from $2,000 to $4,000 per square meter.
2. Arabkir
Arabkir is one of the most popular districts of Yerevan, particularly appealing to families. The district has it all: it’s close to the city center and is also considered a peaceful residential neighborhood. With a lot of green spaces and parks, Arabkir is perfect for leisurely walks and outdoor activities.
Infrastructure: The neighborhood schools, kindergartens, supermarkets, and sports complexes, along with several major medical facilities.
Real estate prices: The average price per square meter in Arabkir ranges from $1,500 to $2,500.
3. Davtashen
Davtashen is one of the greenest and most tranquil districts in Yerevan, where there are numerous parks and green spaces. The neighborhood is especially attractive to those who seek a quiet living environment away from the city noise, but with good infrastructure and transport options.
Infrastructure: There are schools, kindergartens, supermarkets, and sports complexes. We should also note that here the urban infrastructure isn’t as developed as in the center. So you will need to use public or private transport to reach educational institutions and cultural or entertainment centers located in the center.
Real estate prices: Real estate prices in Davtashen are relatively low compared to Arabkir and Kentron, averaging around $1,000 to $1,500 per square meter.
4. Nork-Marash
The Nork-Marash district is known for its beautiful views of the city and Mount Ararat. This is a peaceful neighborhood with a mix of private houses and elite apartments.
Infrastructure: Nork-Marash has hospitals, private clinics, schools, and kindergartens. While it’s close to the center, it is fully a separate district.
Real estate prices: In this area, property prices range from $1,500 to $3,000 per square meter, depending on the property’s location and view.
5. Ajapnyak
Ajapnyak is one of the developing districts of Yerevan. It is a mix of new buildings, older apartments, and private houses. It is especially attractive to those who look for affordable housing with good transport links to the city center.
Infrastructure: The area is actively developing and there are many new shops, schools, and entertainment venues opening in recent years. Thanks to its good transport connections, Ajapnyak particularly appeals to young families and students.
Real estate prices: Ajapnyak is the city’s most budget-friendly neighborhood. Apartment prices in this area range from $800 to $1,200 per square meter.
Conclusion
In Yerevan you can find real estate options that can suit any preference and budget. Living in Kentron or Arabkir is perfect for those who prioritize being close to the city and having access to well-developed infrastructure. Davtashen and Nork-Marash offer a more peaceful lifestyle with amazing views, meanwhile Ajapnyak appeals to people with its affordability and promising development opportunities.
