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Ahead of New City Projects’ 7th anniversary, which is being celebrated today, November 6, the company’s CEO, Vahe Davtyan, gave an interview to The Executive Insight, an independent business publication and media platform for leaders, founders, and operators — covering the thinking, strategy, and habits that drive performance. In the interview, Vahe Davtyan discussed the development of New City Projects and Armenia’s real estate market, the company’s philosophy of residential development, its competitive advantages, international expansion, relationships with clients and partners, as well as its strategic priorities and future plans.

On October 23, a grand opening ceremony was held in Tsaghkadzor to mark the completion of the reconstruction of the city's central Tsaghkunyats Square. The extensive redevelopment was undertaken by New City Projects as part of the development of its Pallada multifunctional residential and hotel complex. The completely transformed square was presented by the developer as a gift to the city, its residents and visitors.

New City Projects, one of Armenia's leading real estate developers, is expanding its international reach, targeting buyers in the US, Europe and the Middle East. That effort builds on a long-term, lifestyle-specific portfolio, a trust-based approach to partners, and an ambition to help shape where Armenia's real estate market is headed next.

New City Projects participated in International Property Show (IPS) 2026, a major international real estate exhibition held from September 7–9 at Dubai World Trade Centre. This year marked Armenia’s first-ever representation at one of the region’s largest real estate exhibitions.

Armenia is increasingly becoming a destination not only for travel but also for living and investment. Alongside this shift, the residential real estate market has been evolving, with New City Projects emerging as one of its leading players since 2019.

Buying real estate is one of the most significant and largest financial steps in a person's life. Many people believe that the first step to buying an apartment is browsing through dozens of pages on listing websites and looking at photos. In reality, that is actually one of the very last steps.

New City Projects has just signed an agreement with the Best Western hotels chain. The company is open to partnerships and investment proposals.

The introduction and assurance of high service standards will soon become a reality in Pallada - a new-concept multifunctional residential complex being developed in Armenia.

Every name has its story. Pallada Tsaghkadzor, a new built residential complex in the heart of Armenia’s mountain resort, has one of its own: thoughtful, meaningful, and full of character.

When calculated steps and thorough market research are undertaken, purchasing real estate can become a profitable investment: buying an apartment allows you to rent it out and ensure a stable income.

Pallada is a unique residential complex, which seamlessly blends daily life, relaxation, health, sports and entertainment.

Tsaghkadzor is one of the most popular tourist cities of Armenia. Thanks to its beautiful nature, attractions and a variety of recreational opportunities, it attracts both local and foreign tourists.