Khazar Islands

The Khazar Islands , also known as Caspian Islands, is a stalled development of artificial islands 25 km south of Baku, Azerbaijan consisting of 41 islands extending 3,000 hectares and 19 districts in the Caspian Sea.
The stated plan was for a $100 billion, which $30 billion coming from foreign investors and another $30 billion from apartment sales, city aiming to house 1 million residents in a development with 150 schools, 50 hospitals and daycare centers, numerous parks, shopping malls, cultural centers and a university campus plus a Formula 1 quality racetrack around a centrepiece $2 billion Azerbaijan Tower . The city was expected to be equipped with 150 bridges and a large municipal airport to connect the islands to the mainland. It is expected that, in general, the city, when completed in 2022–2023, will host 1 million residents. According to the project, the price of completely renovated apartments, will be around $4000–$5000 per square meter.

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