Who we are and where we come from.
Akcern AI is the product of a holding that has worked with Armenian real estate for over thirty years. This page is about the people, properties and work that stand behind the technology.
- 1993founded
- 33 yearsin Yerevan's market
- 6current projects
- 2offices
History
The holding was founded in 1993 in Yerevan — among the early institutional participants in the Armenian real-estate market, at a time when most transactions still occurred outside formal frameworks. The holding's president is Hakob A. Baghdasaryan. Over more than thirty years, we have built and accompanied projects across Yerevan and the regions: residential complexes, renovations, private houses. The full portfolio and the list of flagship projects will appear in the Projects section once the team has confirmed the historical records.
In 2024 we decided that what we know about real estate should become more widely available. Not only to our clients in our projects, but to everyone who buys, sells, builds, values or invests in Armenia. That is how Akcern AI was born — a product layer on top of everything we do as a holding. The layer is called 'AI' not because we have replaced our people with machines. It is called 'AI' because we use artificial intelligence as a tool that removes routine and frees our specialists for the work clients come to them for.
- 1993The holding is founded in Yerevan
- 2024Akcern AI is created
- 20266 current projects, 12 services
Team
What we build (as a holding) and what we do (as Akcern AI)
The holding continues to develop — building residential complexes, accompanying other developers' projects, investing in land. Akcern AI is a distinct arm of our work: it is infrastructure for everyone who engages with Armenian real estate, not only for our own projects. Through Akcern AI we hear from clients searching for an apartment in another developer's building, from developer-partners who want our AI concierge for their own sales, and from diaspora investors reading the market as a whole. These two sides operate in parallel. Development supplies Akcern AI with data and experience. Akcern AI extends our reach far beyond our own properties.