Kentron is Yerevan’s most recognizable address, and by our own internal location rating, new developments here consistently score among the best in the city for air quality and public-space upkeep. The site currently lists 18 new developments in the district — from compact club-house buildings to large projects with hundreds of apartments — and prices range from $1578 to $7482 per square meter, one of the widest spreads in the city.
Why it’s still a top address
Government offices, embassies, the best restaurants, Cascade, the park by the Opera, the Hrazdan embankment — all of it sits within the district, not a separate drive away. For anyone who values being within walking distance of the city’s business and cultural life, there’s no real alternative to Kentron in Yerevan.
The market here doesn’t grow in a straight line, though. In the first quarter of 2026, new-development sales in Kentron dropped by more than half year over year, and the district slid from 1st to 5th place by deal volume for the quarter, with almost all of the quarter’s deals landing in March. That volatility is worth factoring in if you’re looking at a purchase not just to live in, but as an investment too.
What’s good about Kentron
Our own rating consistently puts Kentron’s projects near the top for air quality and pedestrian-area upkeep — a rarity for such a dense city center.
The range of offerings is wide. Relatively affordable projects on Arshakunyats and Verfelya sit alongside genuine premium: Artlife Residential Complex on Teryan holds prices from $7482 per square meter, and Parajanov Club House near Paronyan starts at $5500. Our partner project, Firdus Prime Residence at Khanjyan 7/2, plays in that segment too — from $5006, 17 floors, handover in August 2028.
What to watch out for
The terrain is uneven: part of the district sits on hills and slopes, and that noticeably lowers the score for many local projects in our rating. It’s not a dealbreaker for daily life, but if flat, accessible surroundings without slopes or stairs matter to you, it’s worth checking the specific address in advance rather than assuming “it’s the center, so it must be flat.”
The metro isn’t a universal guarantee either — some new developments sit some distance from a station. We always recommend checking the exact address on a map rather than relying on the district’s name.
And the main thing — the city itself is right outside the window. Tigran Mets, Khanjyan, and the surrounding streets are an active urban zone with traffic, foot traffic, and ground-floor commerce. For some, that’s exactly why they choose Kentron; for others, it’s a drawback if what they want is a quiet residential setting without street noise. In that case, it’s worth looking at neighboring Arabkir or Nork-Marash — both are close by, but noticeably calmer in density and traffic.
Which new developments are worth a look
Handover is already in November 2026 for 30th Street 2nd Lane 13/2, also the most affordable way into the district: from $1578 per square meter.
Arshakunyats Residence — our partner project from Capital Build on Sevan street, from $1904 per square meter: three 24-floor buildings, underground parking. We covered it in detail separately — a good option if you’re not chasing quiet and are instead after a lively location with strong transport access.
Tigran Mec 33/2 holds a mid-range price for the district, from $2585 per square meter, handover in February 2027.
Already handed over, move in right away — Elizabeth Residence on Gevorg Emin street, from $3183 per square meter. In Kentron, that kind of offer is worth its weight in gold: most projects here are still under construction.
Our second partner project in the district — Firdus Prime Residence at Khanjyan 7/2, from $5006 per square meter, 17 floors, handover in August 2028.
Closing out the list is Artlife Residential Complex on Teryan — the most expensive option in Kentron, from $7482 per square meter, already handed over.
Kentron suits those who want to live within walking distance of all the city’s activity and are willing to put up with heavy traffic and uneven terrain as the price of that address. If quiet and a spacious courtyard matter more, look toward neighboring Arabkir or Nork-Marash.
More about the district’s new developments — on the Kentron page.