In the mid 19th century, when the oil business started booming, vast territories around Amirjan and Surakhani, on which farmers worked, were bought by Russian businessmen Vasily Kokorev and Peter Gubonin with the purpose of building oil refineries.

Remaining with no arable land, many farmers were forced to find work in the oil businesses.

In 1896, a three-story mansion was built by architect Johann Edel at the request of Asadullayev at the corner of streets Prachechnaya 9, Gymnasia 183 and Karantinnaya 84 in Baku.

A four-storey house, which became the cultural center of Moscow Muslims was built on this site in 1913 financed by Asadullayev.

Before the 1917 revolution, the overwhelming majority of Muslims in Moscow were native Muscovites, among whom the Tatars numerically dominated.

He allocated funds for the construction of the Baku Real School building (now Azerbaijan State Economic University); established two scholarships of his own name at the Alexander Tiflis Teacher Training Institute, the largest in the Caucasus; presented one of his mansions in Zamoskvorechye to the Moscow Muslim community (House Asadullayev).

He paid for studies of several dozen talented young Azerbaijanis in Germany, France, Warsaw, Kazan, Kiev, Moscow, Odessa, St. Petersburg and Kharkov (for example, in 1901, the first Azerbaijani graduated from the St. Petersburg Institute of Civil Engineers architect Ziver Bey Akhmedbekov, who became the author of many architectural monuments Baku).

In 1908-1912, mining in the fields of Asadullayev ranged from 6 to 8 million pounds per annum (architectural monuments of Baku).