Authored by the expert who managed and guided the team behind the Iran Property Pack
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Where are the best places to invest in Mashhad right now? Is the city center still the top pick, or are areas like Vakilabad, Sajjad, and Elahieh gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Mashhad and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
1) Vakilabad Park area is popular for its recreational amenities and high demand for vacation rentals
The Vakilabad Park area is a hot spot for property buyers, thanks to its fantastic recreational amenities and the booming vacation rental market.
Local authorities have been pouring resources into upgrading the park's facilities, making it a magnet for both tourists and locals. This investment has led to a surge in demand for vacation rentals, as more people flock to enjoy the park's offerings.
Visitor numbers are climbing, with the park being a go-to spot for relaxation. Its features, like scenic walking paths and a unique five-dimensional cinema, are a big draw. This influx, especially during peak times, means vacation rentals are in high demand.
Media outlets frequently spotlight Vakilabad Park as a top leisure destination, which only adds to its allure. This kind of buzz attracts even more tourists, further boosting the need for rental properties in the area.
Globally, property values are rising in areas with high demand and great amenities. Vakilabad Park is no exception, making it a prime target for investors looking to capitalize on this trend.
With its blend of natural beauty and modern attractions, Vakilabad Park is not just a place to visit but a smart investment opportunity.
Sources: Iran Paradise, Research Synergy Press, Grand View Research
2) Vakilabad Boulevard in Mashhad is booming with high rental yields and closeness to major shopping centers
Vakilabad Boulevard is a prime spot in Mashhad's real estate scene, thanks to its high rental yields and location near major shopping centers.
In Mashhad's city center, the rental market has been stable, with a gross rental yield of around 4.17% in recent years. Vakilabad Boulevard, with its strategic position, likely offers even better returns, making it a magnet for both locals and tourists.
Buying property here is quite competitive, with prices around $1,266.67 per square meter for an apartment. This affordability, coupled with the area's potential for price growth due to Mashhad's booming tourism and infrastructure projects, makes it a smart investment choice.
The area's charm is further boosted by its closeness to popular shopping hubs like Proma and Almas, which attract both residents and investors. This proximity enhances the boulevard's appeal, drawing in a diverse crowd.
Reports have shown a rising demand for properties on Vakilabad Boulevard, fueled by both local and international investors. The Iranian government's plans for infrastructure improvements, such as road expansions and park upgrades, are set to boost the local economy and the real estate market here.
High occupancy rates in rental properties along Vakilabad Boulevard signal a strong demand, which is a promising sign for those looking to invest. This demand is a testament to the area's growing popularity and potential for future growth.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Iran versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Sajjad Boulevard is gaining interest for its rapid property appreciation and modern residential developments
Sajjad Boulevard is a prime spot for property investors thanks to its booming real estate market and sleek new developments.
In recent years, property prices here have surged, outpacing even the city center of Mashhad. This trend highlights the area's strong potential for property appreciation, making it a magnet for savvy investors.
The buzz around Sajjad Boulevard is partly due to the demand for modern living spaces. Take the V Group's project on 14th Niloofar St/Sajjad Blvd, for example. This development is a clear sign of the area's growing appeal, with investors eager to tap into the modern amenities and infrastructure upgrades.
For those eyeing rental income, Sajjad Boulevard is a goldmine. Rental yields here are higher than in other parts of Mashhad, signaling a robust demand for rental properties. This makes it a smart choice for investors seeking consistent returns.
Adding to its allure, the area is seeing a rise in commercial and retail projects, like the Banafsheh development. These projects are drawing more residents and investors, further boosting the area's profile.
With all these factors in play, Sajjad Boulevard is not just a place to live but a thriving investment hub. Its rapid growth and modern developments are hard to ignore.
Sources: Numbeo, V Group, Instagram
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.