LehmanLaw Mongolia LLP, Mongolian law firm

Q: What is one of the favorite places for people to gather in Ulaanbaatar?

March 25, 2016

A: Located directly in the center of the Central Business District of Ulaanbaatar is Millies Café. Established in 1998 by café founder / owner Millie Stoda, Millie’s Café has become an institution in Ulaanbaatar with expats and locals. Lunchtime is always crowded, and sometimes if guests have an empty chair at their table it is often filled with another guest. Ambassadors, Ministers of the Mongolian Parliament, miners and businessmen all mingle and network over excellent coffee and good service. Located directly on the west side of the Choijin Lama Museum, in back of the Blue Sky Tower, Millie’s has the ambiance

Q: Which district in Ulaanbaatar is the preeminent one?

March 25, 2016

A: If one district may be considered representative of modern Ulaanbaatar, it is without a doubt Sukhbaatar District. Despite being just 218 hectares in size, the area acts as the epicenter of both political and economic activity within the city.

Q: How are the wholesale and retail industries doing in Mongolia?

March 25, 2016

A: In response to these increasing levels of demand, the wholesale and retail industry within Mongolia has experienced solid growth over recent years. The number of establishments operating nationally within the retail industry increased by over 33% over two years, from 27,113 in 2008 to 36,297 in 2010, whilst the gross domestic product generated by these establishments more than doubled between 2008 and 2011, from 472,226 to 1.051,804.

Q: Who are some of the people that have entered the housing market in Ulaanbaatar?

March 25, 2016

A: Expatriates and temporary visitors to Ulaanbaatar make up a large section of the city’s rental-market. Many just come for the summer, as consultants and temporary staff to both Mongolian and international operations, designed to give advice and implement western best practice. Most are young, with few commitments to tie themselves down in their countries of residence. A slightly smaller, but equally important grouping is the growing class of executives, upper management and diplomats based permanently in the city. Demographically characterized as older males often tied down by family commitments, substantially more incentives are usually offered by firms to encourage them

Q: What types of housing are generally found in and around Ulaabaatar?

March 21, 2016

A: Ulaanbaatar’s residential real estate market is extremely diverse, with international standard luxurious apartment complexes often located just a few hundred meters away from small, informal ger encampments.