Investors rush to buy property in Alatau

Jan 23, 2026

A new city near Almaty could become one of the most profitable areas of the market.

Alatau is a city with special status and long-term growth potential: it is still possible to buy property here at starting prices, with the expectation that it will increase in value in the future, according to Kazakhstani experts. According to their data, for buyers, this is affordable housing near Almaty, and for investors, it is an early entry into a developing market, reports inbusiness.kz.

“The city of Alatau is in the early stages of formation as a new growth point in the Almaty agglomeration,” says Larisa Stepanenko, president of the Self-Regulatory Association of Realtors of Kazakhstan (SARK). “From a real estate market perspective, this means increased investment potential, as prices have not yet reached maturity and demand continues to grow.”

Interest is growing

Currently, prices for new buildings in Alatau are approximately 370-450 thousand tenge per square meter, and on the secondary market – from 320 thousand tenge per square meter, says the head of SARK. One-room apartments are sold in the range of 12-18 million tenge, two-room apartments – 18-25 million tenge, which makes the city much more affordable in terms of housing compared to Almaty.

According to Larisa Stepanenko, housing options in Alatau include new of economy- and comfort-class buildings, low-rise residential complexes, private houses, and rental properties. According to agencies that are members of the SARK, interest in purchasing real estate in Alatau is growing, especially among young families and investors.