The short answer: yes, foreigners can buy property in Tashkent — and the rules have become considerably more welcoming over the past few years. But there are important thresholds, restrictions, and steps to understand before you sign anything.
The Legal Framework at a Glance
Uzbekistan has enacted a series of investment-friendly reforms since 2019, gradually opening its residential and commercial property market to foreign nationals. The key legislation is Resolution No. 384 of the Cabinet of Ministers, which lists 108 countries whose citizens are entitled to purchase newly constructed real estate without holding a residence permit.
The Investment Law guarantees non-discrimination based on nationality and gives foreign investors the right to repatriate profits — making Tashkent one of the most legally secure markets in Central Asia for cross-border buyers.
Citizens of 108 countries — including all EU member states, the UAE, Turkey, South Korea, and most of Asia — can buy newly built apartments in Tashkent without a residence permit, subject to minimum purchase thresholds.
What Foreigners Can (and Cannot) Own
The rules differ sharply between apartment buildings and land. Here's the clear picture:
The Purchase Thresholds Explained
Minimum purchase values determine both your eligibility and what residency status you qualify for. As of the latest regulations:
Purchase above this threshold in the capital without requiring a pre-existing residence permit.
Lower threshold for cities outside Tashkent such as Samarkand, Bukhara, and Namangan.
Investing at this level in the capital qualifies you to apply for a temporary residence permit.
In other designated zones, property purchases above $100K can be linked to a temporary residency application.
Notaries in Uzbekistan certify the purchase of only one residential property per foreign buyer at the threshold amounts above. These thresholds apply exclusively to residential premises.
The Residency Benefit: A Rare Advantage
Uzbekistan is one of very few Central Asian countries offering property-linked residency. Since 2019, citizens of 109 countries have been eligible for a residence permit upon qualifying property purchase. In 2025, the government announced plans to extend this to five-year residence permits for qualifying investors — a significant upgrade from the previous temporary permits.
This makes buying in Tashkent not just a real estate play, but a potential pathway to long-term residency in one of the region's fastest-growing economies, which posted 6% GDP growth in 2023 and attracted over $7.2 billion in foreign direct investment.
Step-by-Step: How to Buy as a Foreigner
Choose an Eligible Property
Focus on newly constructed apartments or commercial property within designated urban zones. Most foreign purchases are in new construction projects or managed residential complexes.
Verify Land & Ownership Terms
Confirm whether the property sits on state-leased land, understand the lease duration, and verify that the developer holds proper registration. This is critical — you can own the building, not the soil beneath it.
Obtain Government Approval (if required)
Depending on the property type and your citizenship, you may need to apply to the State Committee for Investments. This can take several weeks — factor it into your timeline.
Sign the Preliminary Agreement
Agree terms with the developer or seller. Work with a licensed legal representative for translation and compliance — this step is non-negotiable for foreign buyers.
Finalise via Notary & Register Ownership
A notary drafts and formalises the sales contract. Both parties sign, and the property is registered in your name. Typical closing time: 30–60 days from agreement.
Foreigners are taxed only on income generated from within Uzbekistan. If you rent out your Tashkent property, that rental income is subject to local tax. Consult a qualified Uzbek tax advisor before completing your purchase.
Which Nationalities Are Most Active?
Investors from the UAE, Turkey, Russia, and South Korea are increasingly active in the Tashkent market, often benefiting from bilateral property MOUs and diplomatic agreements. European buyers have also grown steadily, drawn by the city's low entry prices compared to other emerging capitals and its high gross rental yields — currently around 7–8% in city-centre locations.
Frequently Asked Questions
Do I need to live in Uzbekistan to buy property there?
No. Citizens of the 108 approved countries can purchase newly built apartments above the minimum thresholds without holding a residence permit or being physically present for an extended period.
Can I buy land as a foreigner?
No. All land in Uzbekistan is state-owned. Foreigners can own buildings and structures, and can lease land for commercial or industrial purposes for up to 49–99 years depending on the use case.
Can I rent out my Tashkent apartment?
Yes. The rental market in Tashkent is robust, particularly in central districts. Rental yields of 7–8% are achievable in prime areas. Rental income earned in Uzbekistan is subject to local income tax.
Ready to Invest in Tashkent?
Ayvon connects foreign buyers with verified, investment-grade properties across Tashkent — with full legal support, English-language guidance, and transparent pricing.
Ayvon.uz — Tashkent Real Estate.