Skyline in Yerevan: Armenia’s First “City Within a City”

Skyline is one of the largest urban development projects currently underway in Yerevan. The concept combines residential, business, and public infrastructure within a single, cohesive environment – a format known worldwide as a “city within a city.” This approach, widely used in modern urban design, is now making its way to Armenia.

What Is the Skyline Project?

Skyline is a mixed-use residential complex located at the intersection of Baghramyan Avenue and Orbeli Street in Yerevan. The project is being developed by Renshin Urban Investments, a company known for several contemporary residential developments in Armenia’s capital.

1. Land area: around 35,000 sq.m
2. Total building area: over 250,000 sq.m
3. Green zones: nearly 2 hectares

The architectural concept was designed by the international bureau Laguarda.Low International, with Arup (UK) serving as the engineering consultant – both firms have worked on major developments in New York, Barcelona, and Dubai.

As of October 2025, the project is in its initial construction phase: preparatory and excavation works have been completed, and the foundation is being formed.

The main construction phase is planned for 2026–2027, with the project completion expected in December 2028.

The “City Within a City” Concept

Skyline follows the mixed-use development model — a concept that integrates multiple aspects of urban life into a single ecosystem.

It’s designed to create a balanced environment where people can live, work, study, and relax without leaving the neighborhood.

The complex will include:

1. Residential buildings of various types and layouts
2. Office and commercial spaces
3. Retail areas, restaurants, and cafés
4. Fitness and medical centers
5. Educational and childcare institutions
6. Parks, walking zones, and landscaped courtyards

Location and Accessibility

Skyline is located close to Yerevan’s city center, within walking distance of the Baghramyan and Barekamutyun metro stations, as well as several public transport stops.

The project also envisions a dedicated internal transport system – including electric shuttles and car-sharing services, underground and surface parking, pedestrian routes, and bicycle lanes. At this stage, these solutions exist as part of the design documentation, and their implementation will depend on future phases of construction.

Architecture and Technology

The architectural concept follows a contemporary minimalist style, featuring clean lines, glass façades, panoramic windows, and open terraces. Sustainability and smart engineering are at the core of the design, with a focus on energy efficiency and environmental responsibility.

Key planned features include:

1. Energy-saving heating and cooling systems
2. Modern sound insulation
3. Efficient use of natural sunlight
4. Water-saving technologies

The developer aims to obtain an international sustainability certification – BREEAM or LEED, although the final certification will be confirmed closer to the project’s completion.

All technological solutions are currently at the design stage.

Comfort and Infrastructure

The master plan is based on the principle of equal accessibility: residential buildings, public areas, and recreation zones are arranged so that residents can easily access all essential services without leaving the complex.

Purchase Conditions and Maintenance

As of today, the price per square meter in the Skyline complex starts at 1,300,000 AMD.

The price includes:

1. Designer interior finishes developed by the British studio 1508 London
2. A fully equipped kitchen with built-in furniture
3. Bathrooms with tiling and installed sanitary ware

The maintenance fee is set at 500 AMD per sq.m, covering:

1. Cleaning and maintenance of common areas
2. Elevator operation and service
3. Internal transportation management for residents
4. Automated cleaning of panoramic windows
5. Centralized ventilation system

Buyers are offered a discount of 100,000 AMD per sq.m when purchasing with cash or through a mortgage.

Apartments range in size from 26 to 140 sq.m.

A zero-interest installment plan is available directly from the developer:

1. 20% down payment (կանխավճար)
2. 80% paid in equal monthly installments until construction is completed.
3. The final delivery of the project is scheduled for December 2028.

Advantages for Investors

1. Potential price growth after project completion
2. Stable demand for premium housing in central Yerevan
3. Growing interest from foreign buyers
4. Opportunity to rent out apartments for steady long-term income

Risks

1. Early construction stage – possible timeline extensions
2. High building density may affect privacy
3. Some technological and eco solutions not yet confirmed
4. Above-average pricing for the foundation stage

Conclusion

Skyline represents a new generation of large-scale, integrated urban developments in Yerevan. While still in its early construction phase, purchasing an apartment here is a long-term investment opportunity rather than a short-term buy.

If you’re considering buying property in Yerevan, explore alternative new developments, compare mortgage programs on AFM and calculate your estimated monthly payment to determine whether investing in Skyline is the right choice for you.

Information based on data from the developer Renshin Urban Investments, as of October 2025.