New Tashkent 2026: The $30 Billion Blueprint Reshaping Central Asia

Project Overview: A City of the Future

New Tashkent is a purpose-built megacity located east of the current capital, spanning 25,000 hectares. Designed to eventually house 2.5 million residents, the project aims to relieve the density of "Old" Tashkent while establishing a world-class administrative and economic hub.

Key Districts and Major Developments

The project is divided into strategic phases, with District 1 currently the primary focus of construction:

• The Administrative Core: Relocation of the Presidential Administration, government ministries, and diplomatic missions. This creates a "guaranteed" high-value zone for commercial real estate.
• The "Twin City" Skyline: Featuring the iconic 575-meter Twin City Towers, intended to be the tallest structures in the region.
• Education & Innovation Hub: A dedicated district for international universities and research centers.
• Smart Infrastructure: The city is managed by a "Digital Twin"—an AI-driven model that monitors traffic, energy consumption, and utility maintenance in real-time.
• Green & Blue Connectivity: 23% of the city is dedicated to green space, integrated with a massive new canal network to provide natural cooling and recreation.

Investment Capabilities: Why Now?

Real estate in the Tashkent region is currently the highest-performing asset class in Uzbekistan, with sales in the capital jumping 33% year-on-year as of early 2026.

Projected ROI: Estimated 15-22% annual appreciation for early-phase residential and commercial plots.

Incentives: Special Economic Zone (SEZ) status for developers, including tax breaks and simplified land acquisition.

Market Growth: Secondary market prices in Tashkent rose 8% in the last year, while new developments in prime districts like Mirabad saw 18.4% growth.

Foreign Capital: Uzbekistan aims to attract $50 billion in foreign investment in 2026 alone, with New Tashkent as the centerpiece.

The "New Tashkent" Investment Strategy

1. Follow the Government: Properties within a 3km radius of the new Administrative Core are expected to have the highest rental yield from diplomatic and corporate staff.
2. Focus on Sustainability: With Uzbekistan facing water stress, projects utilizing the new water-saving technologies and renewable energy grids in New Tashkent are viewed as "future-proof" assets.
3. The 15-Minute City Advantage: Investors are prioritizing "Super Mahallas"—districts where work, school, and leisure are within a 15-minute walk, a core design principle of the new city.

The Scale of the Megacity

The physical footprint of New Tashkent is vast, covering roughly 20,000 to 25,000 hectares between the Chirchik and Karasu rivers. At full maturity, it is engineered to house 2.5 million residents, essentially doubling the current urban capacity of the region. Phase 1 alone is already well underway, focusing on 6,000 hectares of land with a targeted infrastructure for the first 600,000 residents. This phase includes the rapid construction of 30 schools, 20 kindergartens, and 5 multidisciplinary family clinics to ensure the city is "liveable" from day one.

Financial and Economic Indicators

The economic momentum behind the project is significant. For the 2026 fiscal year, the Tashkent region is projected to grow by 9.1%, supported by a massive planned investment of $6.2 billion. On a broader scale, the government has updated the master plan to include 31 major investment projects worth over $16.2 billion, covering residential complexes, hotels, and business centers. For real estate investors, the primary market is particularly lucrative; while secondary housing prices in the capital rose by 8% annually, prices for new developments in high-demand districts like Mirabad and Mirzo-Ulugbek surged by 17.3% to 18.4% in the last year.

Infrastructure and Innovation Milestones

Infrastructure in New Tashkent is being built to international "Smart City" standards. The city will feature a 232-meter superfountain as part of its central aesthetic complex and a 10-kilometer riverbank park. More importantly, the utility system is built on a "Digital Twin" model using AI to manage energy and water. All utility networks—telecommunications, electricity, and water—are being housed in integrated underground collectors to maintain a clean, high-tech skyline. Over 1 million shrubs and trees have already been planted to meet the project's mandate that 30% of all development sites must be dedicated to green spaces.

Market Transaction Data

The liquidity of the Uzbekistan real estate market is at an all-time high. In 2025, the country saw a 15.8% increase in total property transactions, reaching nearly 320,000 deals. This activity is heavily concentrated in the capital, with Tashkent accounting for roughly one-third of all market volume. Growth is being fueled by a surge in mortgage lending, which saw a 29% increase in volume recently, totaling approximately $1.7 billion.

Employment and Social Impact

New Tashkent is not just a residential project but an employment engine. Currently, the construction phase alone employs over 10,000 people. Upon completion of the administrative district, which will house more than 60 government agencies and ministries, the city is expected to create hundreds of thousands of high-paying, permanent jobs in the innovation, service, and administrative sectors. This shift of the "administrative heart" is the single biggest catalyst for the long-term appreciation of nearby residential real estate

🏆 Learn how you can invest in New Tashkent properties...

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