The city of Baku, being one of the first oil centers in the world, is pursuing urban development along its waterfront. The ongoing significant urban development along the industrial waterfront based on oil revenues and aims to create a new brand of the city which projects itself as a regional and/or global city. The ongoing remediation projects on the coastal industrial waterfronts of Baku have their specificity to highlight. They are mostly unidimensional focusing primarily on economic valuation and beautification of the city's coastal areas. This is an obsolete and unidimensional process of urban remediation which does not respond to the multi-challenges of Baku which is facing environmental and climate change. In addition to the risks associated with coastal cities (irregularities of precipitation, cyclic changing of water level, etc.), Baku city's coastal urban infrastructure is also dealing with the particular risks related to the patterns of urban and industrial development on the Caspian Sea. In the present context of challenges, there is a need to have a reflection beyond the economic profit by creating and remediating urban spaces with a multidimensional approach.