Orbi Luxe Palace in Batumi

Name: Orbi Luxe Palace
Brand: ORBI GROUP
SKU: 619
Availability: InStock
Rating: 5.00 (1 reviews)

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Reviews about Orbi Luxe Palace

Коломиец Елена

Original language: Russian

I strongly do not recommend purchasing in orbi groups. My review is based on personal negative experience. When I saw an advertisement for a new project, I immediately realized that this is another trap for an investor. Orbi luxury palace, you say, what about the orbi twin tower, just renamed the project and added a new tower? And what about the infrastructure - there is none. And what about the fate of investors who were waiting for one project, but in fact received another with a huge delay. Even now I look at the photo of the new project and I understand that this is a copy of the previous one. The same photo of the first floor of the commercial infrastructure. Think twice before buying from a giant who didn't care about fulfilling obligations and tell me more that I'm wrong - or maybe after 6 years there was an infrastructure in at least one complex, eh? Orby city? Orby Sea Towers? there is no infrastructure anywhere. They promise one thing, but do what is cheaper and economically viable. No buying in orbi anymore period.

Project info

Object ID: 619

Finished at	December 2021
Price, m²	From 990$
Housing class	No
Buy online	Details
Installment plan	10% minimal initial payment
Bank mortgage
Property type	Aparment building
Square	from 26.50 m²
Floors	32
Distance to sea	1200 m.
Condition	Turnkey
Ceiling height	2.90 m.
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Commercial area Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

25,740$

Net profit

5,906$

Payback period

3.2 years

Avg property value increase per year

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About the project

About the project

The hotel complex ORBI Luxe Palace is located 5 minutes from the Black Sea beach, in one of the best tourist attractions in Batumi, on the beautiful Alley of Heroes. Affordable prices, flexible terms of purchase and a large selection of apartments make ORBI Luxe Palace an ideal choice with a minimum budget.

Developer

ORBI GROUP is an international holding company, the largest developer in Europe and the former Soviet Union.

The hotel complexes are located in the best locations and are most popular among tourists in Georgia. Thanks to memorable architectural solutions and modern construction technologies, Orbi group projects have become a hallmark of Georgia and have won many international awards.

Developer

ORBI Group is the largest construction and development holding in Georgia, which was the first in the region to build multi-storey hotel com…
Details about ORBI GROUP