The Crescent Bay, Baku — Stores, Map & Hours

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Mixed-Use & Office TrafficPremium Dining & LifestyleTourist & Duty-FreeHigh-End Flagship StoresInternational Chains

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Budget BrandsHyper-Local Concepts

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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.

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Hours of Operation

Hours

Checking...

Monday	10:00 AM — 10:00 PM
Tuesday	10:00 AM — 10:00 PM
Wednesday	10:00 AM — 10:00 PM
Thursday	10:00 AM — 10:00 PM
Friday	10:00 AM — 10:00 PM
Saturday	10:00 AM — 10:00 PM
Sunday	10:00 AM — 10:00 PM

Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

64 Neftçilər Prospekti, Baku, Azerbaijan

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

Property Type

Regional

Gross Leasable Area

70,000

Year Built

2022

Parking Spaces

601

Average Monthly Footfall

250,000

Owner

Gilan Holding

Detailed Market Analytics

Primary Catchment Area

10 Kilometers

Secondary Catchment Area

25 Kilometers

Catchment area population

500,000 People

Population growth rate

0.6 %

Median age

33.2 Years

Household size

3.5 People

Education level (tertiary)

30.0 %

Median household income

12,000 USD

Unemployment rate

5.2 %

Cost of living index

45 Index

Retail spending per capita

2,500 USD

Spending on apparel

600 USD

Spending on groceries

1,200 USD

Spending on electronics

400 USD

Annual foot traffic

3,000,000 Visitors

Dwell time

90 Minutes

Conversion rate

25.0 %

Sales per square meter

4,000 USD

Number of retail stores

140 Stores

Anchor tenant presence

Yes

Competitor density (same category)

10 Stores

Tenant diversity

70.0 %

Unique Concepts

15.0 %

Number of Levels

3 Levels

Average rent per square meter

30 USD

Vacancy rate

8.0 %

Lease term flexibility

Moderate

Available retail space

5,600 Square Meters

Gross Leasable Area

70,000 Square meters

Proximity to main roads

0.5 Kilometers

Public transport access

Yes

Parking spaces

601 Spaces

Pedestrian traffic

High

E-commerce competition

Moderate

Click-and-collect adoption

20.0 %

Internet penetration

88.0 %

Retail crime rate

Low

Security measures

Standard

Promotional events

12 Events

Loyalty program penetration

30.0 %

Digital signage presence

Yes

Projected foot traffic growth

5.0 %

New tenant pipeline

10 Stores

Mall expansion plans

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