Top Property Developers in Uzbekistan for Foreign Buyers in 2026

Uzbekistan's capital is in the middle of a building boom. Tashkent's master plan now folds in dozens of major investment projects worth more than 16 billion US dollars, most of them multi-story residential complexes, and a wave of domestic and regional developers is racing to deliver them. For a foreign buyer, the developer you choose matters more than the neighborhood. This guide profiles the companies building the towers foreigners are most likely to encounter, and what to check before you commit.

A reminder on the law before the list: foreigners in Tashkent can generally buy only in new buildings above a price threshold, which steers nearly all foreign demand toward the developer stock below. That makes developer due diligence the core of the transaction, not an afterthought.

Murad Buildings

The best known private developer in the country, Murad Buildings was founded in 2002 by Murad Nazarov and built its reputation on design-led, higher-end residential projects, including Nest One, among the tallest residential buildings in Uzbekistan. The company has delivered a long run of completed projects and positions itself around transparency and finish quality. For a foreign buyer it is the closest thing Uzbekistan has to a blue-chip developer brand.

NRG (NRG BI)

NRG began as a joint venture between Murad Buildings and the large Kazakh construction holding BI Group. The partnership has since evolved, with BI Group taking over NRG's shares while keeping the local brand and management, now operating as NRG BI. The brand has launched a series of large residential complexes in Tashkent, including the NRG Oybek complex and NRG Yangi Baxt, the latter built as a full neighborhood with a school, kindergarten, and retail. The BI Group link brings regional scale and a longer construction track record than most local players.

BI Group

Worth naming on its own, BI Group is one of Central Asia's largest construction holdings, headquartered in Kazakhstan, and is now a controlling force behind NRG BI in Uzbekistan. Its involvement is a signal of institutional capacity, though foreign buyers should still verify that the specific Uzbek project entity, not just the parent brand, stands behind their contract.

Golden House

A developer that has operated in Uzbekistan for over a decade and built housing across the comfort, business, and premium segments, along with commercial real estate. Golden House reports that tens of thousands of residents live in its completed buildings, which gives it one of the larger delivered footprints among local developers. It is a frequent name in central Tashkent.

Dream City Development

Positioned at the higher end, Dream City Development markets itself around master-planned, mixed-use living and works with foreign specialists on design. It is one of the more ambitious local brands in terms of scope, which makes verifying delivery timelines especially important for off-plan buyers.