Monaco Residence: 27 Floors on a Coastline That Is Currently Low-Rise

Monaco Residence is 17 to 27 floors. Everything on Sea Breeze's first coastline that is finished and handed over today is one to six floors.

That is not a criticism of the project. It is the single most useful fact about buying anywhere on this coastline right now, and it applies whether you are looking at Monaco or at one of the low-rise buildings it will stand near.

What the Developer Publishes

From the project's own page on the resort's site, read 26 October 2026.

	Official figure
Apartments	734
Area	58-296 m²
Floors	17-27
Completion	December 2029
Status	in construction
Finishing	without fit-out
Price from	$139,000, or $2,000/m²
Price up to	$770,000
Project scale	8.1 ha
Location	first coastline

The page describes "expressive high-rise tower architecture inspired by the dynamics of coastal living", four outdoor swimming pools, and both underground and above-ground parking. Note the floor range rather than a single number: 17-27 means more than one tower, of differing heights, which matters for which apartments look at what.

The Coastline Is About to Change Height

Rank the resort's 40 catalogued projects by their tallest building and the first five are all on the first coastline, and all still under construction:

Project	Floors	Status	From $/m²
Reportage Heights	30	in construction	$2,450
Panorama by Elie Saab	28	in construction	$3,150
Monaco Residence	17-27	in construction	$2,000
Arabian Ranches	24	in construction	$2,200
Raffles Residences & Swissôtel	13	in construction	$3,200

Now the same coastline, delivered:

Project	Floors	Status
The Grand	6	delivered
Marina Village	4-6	delivered
Private Villas	2	delivered
White Villas I and II	1	delivered

The first coastline you can walk today is a low-rise neighbourhood. The first coastline of 2030 is a row of 24-to-30-storey towers. Both statements come from the developer's own project pages, and the gap between them is the thing nobody's brochure puts on one page.

One exception sits outside that ranking because it sits outside the sales catalogue: Cipriani Tower, announced on 31 January 2026 for the artificial Half Moon Island at 323 metres, which would be taller than everything above. It is a signed partnership, not a project you can buy a unit in, so it is not in the table - but it is in the skyline that table is describing.

What this does not establish is that any particular apartment loses its view. That depends on where each building sits on the master plan and which way each unit faces, and we have not mapped that. What it establishes is that the question is real and has to be asked about a specific unit, not waved away - for a buyer in Monaco and equally for a buyer in a delivered low-rise next door.

Why It Costs Half What Skyline Costs

Both Monaco Residence and Skyline are on the first coastline. Both are under construction. Their published prices per square metre are $2,000 and $4,000 - exactly double.

	Monaco Residence	Skyline
Floors	17-27	7
Apartments	734	293
Area	58-296 m²	45-446 m²
From	$139,000	$245,000
From $/m²	$2,000	$4,000
Completion	December 2029	May 2027
Finishing	without fit-out	fit-out

Three things explain the gap and all three are worth knowing. Skyline is low-rise and small - 293 units against 734 - and scarcity on a coastline that is about to get dense is itself the product. Skyline includes fit-out and Monaco does not. And Skyline completes two and a half years earlier, in May 2027 against December 2029, so its buyer waits less and carries less of the risk.

So $2,000/m² at Monaco is not a bargain against $4,000/m² at Skyline. It is a different purchase: more waiting, more work after handover, and a tower rather than a boutique block. Our comparison against central Baku puts both figures against the city.

"Without Fit-Out" Is the Line Item to Budget

Monaco is sold without fit-out. Among the resort's under-construction stock that is the majority position, not an outlier, but it is routinely compared against turnkey prices as though the numbers were the same kind of number.

The resort's own figures show the size of the difference. Its sales partner quotes Sky Park at project level as "from $74,000 shell" against "$86,855 turnkey" - a $12,855 gap. Among delivered projects the same pattern holds: Park Residences 5 is $1,950/m² without fit-out while Marina Village is $2,150/m² with it, a $200/m² difference that buys a finished apartment.

Applied to Monaco's entry unit, the $139,000 is a shell at 58 m² or larger. Whatever fitting that out costs in Baku in 2029 - and nobody can quote that today - it is a cost that exists and is not in the $139,000. Budget it as a line, not as a rounding error.

The Payment Terms, As Published

The page lists the same four routes the resort uses across its projects:

• 100% payment.
• Interest-free instalments up to 12 months, with a down payment from 30%.
• Interest-free instalments up to 36 months for 1+1 apartments and larger; for studios, with a down payment from 50%.
• A mortgage through ABB Bank, for Azerbaijani citizens with official employment and salary income in Azerbaijan.

Two readings matter. The mortgage route is, as published, for citizens with local employment income - a foreign buyer is looking at cash or instalments. And a 36-month interest-free plan against a December 2029 completion means the instalments finish well before the building does, so the plan does not stretch across the wait. Establish what is owed when, and against what construction milestone.

The page also names Sea Breeze Booking as a property management company handling tenants and utility payments. That is the resort's own rental operation, and it is worth asking on what terms - guaranteed yield, revenue share, or best efforts - because those are three very different contracts.

Where It Sits in the Price Ladder

At $139,000, Monaco enters inside the band we map in the $100,000-200,000 guide. It is above Malibu Residence at $97,000 for December 2028, and above Blue Waters at $136,000 for December 2029 - the closest comparison in both price and date.

Against Blue Waters the choice is almost purely location and form: $136,000 against $139,000, both completing December 2029, Blue Waters on the fifth coastline at 11-14 floors and $2,050/m², Monaco on the first at 17-27 floors and $2,000/m². Three thousand dollars of entry price is not what separates these. The coastline and the height are.

The full inventory, delivered and announced, is in our project master list.

What to Ask

1. Which tower, which floor, and facing what? With 17-27 floors across more than one tower on 8.1 hectares, "sea view" means different things in different stacks. Ask for the unit's orientation on the site plan.
2. What is scheduled to be built between this unit and the water, and how tall? The answer exists on the master plan. Ask for it in writing rather than accepting a gesture at the horizon.
3. What does the shell include exactly - screed, plaster, glazing, services to where? The $139,000 is a shell and the fit-out is yours.
4. What is the payment schedule against construction milestones, given instalments end before December 2029?
5. On what terms does Sea Breeze Booking operate - guaranteed, revenue share or best efforts - and what has it actually paid out on delivered projects?
6. Is the price fixed in dollars? Published figures here are dollar figures; contracts are not always.

Sources

• Sea Breeze official project page, seabreeze.az/en/real-estate/monaco-residence-2, read 26 October 2026 - 734 apartments, 58-296 m², 17-27 floors, December 2029, in construction, without fit-out, from $139,000 and $2,000/m², up to $770,000, 8.1 ha, first coastline; four outdoor pools; underground and above-ground parking; the "expressive high-rise tower architecture" concept text; the four payment routes including the ABB Bank mortgage for Azerbaijani citizens; and Sea Breeze Booking as the management company.
• Sea Breeze official project pages for the height and price comparisons, read 25 and 26 October 2026 - Reportage Heights, Panorama by Elie Saab, Arabian Ranches, Raffles Residences & Swissôtel, Skyline, The Grand, Marina Village, Private Villas and White Villas I and II, each from its own /en/real-estate/ page. Collected in .claude/seo/data/seabreeze-official-2026-10-25.csv.
• Sea Breeze Partners, sea-breeze.gellart.estate, read 25 October 2026 - the Sky Park shell and turnkey project-level figures used for the fit-out gap.

Not verified: the position of any building on the master plan relative to any other, and therefore whether any specific unit's view is affected; the cost of fitting out a shell apartment in 2029; and the terms Sea Breeze Booking actually offers. One figure is excluded on purpose: the official page for Gardens Residences gives "04.2026" in its number-of-floors field, which is a date in a floor-count slot, so that project is left out of the height table rather than guessed at.