New Buildings in Yerevan 2026 from Developers

Comparing the projects

The price per square metre differs 3.2 times between these projects: from AMD 650,000 in New Komitas (Arabkir) to AMD 2,059,000 in Firdus Prime Residence (Kentron). Building classes: Gyurjyan Cascade Residence, comfort class; New Komitas, comfort class; HAY VIEW Residence, premium class; Residence 50, comfort class; Antar, premium class; Firdus Prime Residence, premium class.

The widest choice is in New Komitas: 328 apartments available out of 1,612. The fewest available apartments: Firdus Prime Residence, 7.

Completed buildings: Antar (2025). An apartment in a finished building can be viewed in person.

Under construction: Gyurjyan Cascade Residence, completion 2028-2030; New Komitas, completion 06.2027-03.2028; HAY VIEW Residence, completion Q1 2028; Residence 50, completion Q3 2027; Firdus Prime Residence, completion 2027-2029.

New buildings by district of Yerevan

• Nor Nork: Gyurjyan Cascade Residence (from AMD 770,000 per m²).
• Arabkir: New Komitas (from AMD 650,000 per m²), HAY VIEW Residence (AMD 650,000-900,000 per m²), Antar (from AMD 1,080,000 per m²).
• Nork-Marash: Residence 50 (AMD 700,000-900,000 per m²).
• Kentron: Firdus Prime Residence (AMD 2,059,000-2,845,000 per m²).

Each complex in brief

Gyurjyan Cascade Residence: Nor Nork

Gyurjyan Cascade Residence, comfort class, developer Artcompany. Location: 14/1 Gyurjyan Street. Completion: 2028-2030. Apartments from AMD 31,266,000, from AMD 770,000 per m²; on sale: 2- to 4-room apartments, 38.6-498.1 m². 2,554 apartments in the project, 213 available. Payment: 10% down, up to 60 months, mortgage accepted. The developer insures buyers' payments. 24 floor-plan pages with available apartments are on the site.

New Komitas: Arabkir

New Komitas, comfort class. Location: 15 Hovsep Arghutyan Street. Completion: 06.2027-03.2028. Apartments from AMD 28,564,000, from AMD 650,000 per m². 1,612 apartments in the project, 328 available. Payment: in full, by instalments or with a mortgage. 37 floor-plan pages with available apartments are on the site.

HAY VIEW Residence: Arabkir

HAY VIEW Residence, premium class, developer HAY Develop. Location: 23 Emin Street. Completion: Q1 2028. Apartments from AMD 47,515,000, AMD 650,000-900,000 per m²; on sale: 2- to 3-room apartments, 55.9-98.7 m². 314 apartments in the project, 47 available. Payment: 30% down. 7 floor-plan pages with available apartments are on the site.

Residence 50: Nork-Marash

Residence 50, comfort class, developer Residence 50. Location: Yerevan, Nork-Marash. Completion: Q3 2027. Apartments from AMD 37,008,000, AMD 700,000-900,000 per m²; on sale: 2- to 3-room apartments, 51.2-82.8 m². 22 available.

Dilijan Apart Hotel

Dilijan Apart Hotel, apart-hotel, developer Artcompany. Location: Dilijan. Completion: 2026. Apartments from AMD 18,623,000, from AMD 864,000 per m²; on sale: 1- to 2-room apartments, 21.6-57.7 m². 27 available. Payment: 20% down, up to 24 months.

Antar: Arabkir

Antar, premium class, developer Artcompany. Location: Yerevan, Arabkir. Status: completed (2025). Apartments from AMD 69,984,000, from AMD 1,080,000 per m²; on sale: 2- to 4-room apartments, 64.8-133.4 m². 9 available. Payment: 30% down, up to 12 months.

Firdus Prime Residence: Kentron

Firdus Prime Residence, premium class, developer Artcompany. Location: 2 Firdusi St / 7/2 Khanjyan St. Completion: 2027-2029. Apartments from AMD 99,977,000, AMD 2,059,000-2,845,000 per m²; on sale: 1- to 5-room apartments, 38.9-498.2 m². 549 apartments in the project, 7 available. Payment: 10% down, up to 42 months. The developer insures buyers' payments. 7 floor-plan pages with available apartments are on the site.

Instalments and payment

Instalment terms in brief; detailed payment schedules are on each complex page:

• Gyurjyan Cascade Residence: 10% down, up to 60 months, mortgage accepted.
• New Komitas: mortgage accepted.
• HAY VIEW Residence: 30% down.
• Dilijan Apart Hotel: 20% down, up to 24 months.
• Antar: 30% down, up to 12 months.
• Firdus Prime Residence: 10% down, up to 42 months.

How to buy an apartment in a new building, including as a foreigner

Foreigners buy apartments in Armenia on the same terms as citizens; the only restriction concerns land (see below). The usual order: choose a project and an apartment from the floor plans, or send us your budget; see the site, the show flat and the sales office in person or by video; book the apartment and sign the contract with the developer; pay the first instalment under the chosen scheme. While the building is under construction, the Cadastre registers your right to acquire the apartment; ownership is registered after completion.

Before buying, check the completion date of your particular building or lot (in Gyurjyan Cascade Residence, New Komitas and Firdus Prime Residence each has its own), the payment schedule and the condition of the apartment at handover. Payment insurance is offered by the developer in Gyurjyan Cascade Residence and Firdus Prime Residence.

Mortgage, taxes and residency when buying a new-build apartment

Mortgage

Banks in Armenia have separate mortgage products for the primary market, that is, for buying an apartment directly from the developer. Among the projects WSE.AM works with, Gyurjyan Cascade Residence and New Komitas list a mortgage among the payment options. Each bank sets its own down payment, rate, currency and requirements for non-residents, so check them with the bank before booking. You can estimate the payment and compare bank rates in our mortgage calculator. Read more: Mortgage for a new build in Armenia in 2026: why the rate is lower than for resale; Mortgage in Armenia 2026: Terms for Citizens and Foreigners.

Income tax refund on mortgage interest

Under Article 160 of the Tax Code of Armenia, a salaried borrower gets back income tax equal to the mortgage interest paid on a home bought from a developer. For mortgages taken out from 1 January 2025 on property in Yerevan, the refund no longer applies. The exception, according to the State Revenue Committee, is buildings constructed under a construction permit issued before 1 January 2022. Where the refund still applies, the cap for loans from 2025 is AMD 750,000 per quarter, the contract price must not exceed AMD 55 million, and only one mortgage contract qualifies. In Aragatsotn, Ararat, Armavir and Kotayk the refund ends for loans taken from 1 January 2027, in the other provinces from 1 January 2029 (border settlements on the government list excepted). According to the developer, the refund does not apply to Residence 50. Whether a particular building qualifies is worth checking with the developer and the bank. Read more: Mortgage income tax refund in Armenia in 2026: where it still works.

Fees and property tax

Ownership is registered by the Cadastre Committee. According to the government services portal hartak.am, registering ownership of a home costs a AMD 25,000 service fee plus AMD 1,000 state duty and takes up to 4 working days; faster registration is available for a higher fee. While the building is under construction, the Cadastre registers your right of acquisition under the contract with the developer (AMD 50,000 plus AMD 3,000 state duty). The annual property tax under the Tax Code is charged on the cadastral value, which is close to the market value. For an apartment the rate is progressive: 0.05% on the first AMD 10 million and up to 1.5% on the part above AMD 200 million. Since 2026 the tax is charged in full, as the transition period has ended. Individuals pay it by 1 December; the obligation starts from the month after ownership is registered. Read more: Property Tax in Armenia 2026: The Reform Now Applies in Full; Property Taxes in Armenia 2026: A Complete Guide for Owners.

Foreign buyers and residency

A foreigner can buy an apartment in Armenia, including in a new building. The restriction concerns land only: under Article 60 of the Constitution of Armenia, foreign citizens cannot own land except in cases set by law, and there is no such ban on apartments. Buying property in Armenia does not by itself give a residence permit. Temporary residence is granted on other grounds: work, study, marriage or close family ties to a citizen or resident of Armenia, business activity or Armenian origin. Read more: How to Buy an Apartment in Yerevan as a Foreigner (2026); Can Foreigners Buy Property in Armenia? The Deal Step by Step; Does Property Give Armenian Residency or Citizenship in 2026; Armenia Residence Permit: Types, Requirements, Cost, 2026 Changes.