City Centre

The City Centre is where Shymkent tells its story. Clustered around Ordabasy Square and the 34-metre Mother Earth stele, it holds the Silk Road Old Town of Eski Qala, the Ordabasy Mosque, Independence Park and the Koshkar Ata riverside, drawing tourists and anchoring the city's identity. Heritage sits alongside the best of modern Shymkent, from the Rixos Khadisha hotel to the restaurants, teahouses and boutiques that make the core the most characterful and walkable part of the city. For investors, the centre is Shymkent's prime and most liquid apartment market. Tourism around the Old Town feeds short-let demand on top of strong professional occupancy, supporting gross yields in the 7-9% range and the city's highest values. The constraints are the familiar Kazakh ones: only permanent residents may own housing, the land stays state-held and cannot be foreign-owned, and the tenge's devaluation history against the dollar is a real risk to hard-currency returns. For residency-qualified buyers chasing prestige and short-let upside, the City Centre stands at the top of the market.

City Centre in Shymkent, Shymkent City, Kazakhstan