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Dux Ortachala in Tbilisi

Name: Sales in Dux Ortachala started!
Start: 2021-05-21T07:04:10.334689+00:00
End: 2023-12-31T23:59:59+0000
Location: Dux Ortachala

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Project info

Object ID: 12265

Finished at	February 2020
Price, m²	From 1200$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 56.97 m²
Floors	8
Apartments	25
Building phase	Completed
Condition	Without finishing
Ceiling height	3.30 m.
Construction type	Monolyth
Elevators	1
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Samasi Aragveli 10 min Avlabari 18 min Isani 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

67,200$

Net profit

7,229$

Payback period

7.1 years

Avg property value increase per year

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About the project

Residential complex House in Ortachala in Tbilisi is a comfortable modern building from developer “Dux Development”.

Where is the complex located?

Dux Ortachala Apartments is located in the Ortachala district of Krtsanisi, on the turn of Vakhtang Gorgasali.

How to get around?

The nearest bus stop is within 500 meters. The main public transport options are established along the streets of V. Gorgasali and Gulia. Here you can find 6 bus routes with a minimum interval of ten minutes.

What's around?

Near the new building, there is a new state of the art hospital. There is a secondary school (No. 144) for children of school age and a kindergarten for the youngest generation. You can do the shopping at the nearby supermarket. The nearest shopping center is about two kilometers away.

What are the technical features?

The residential complex Dux Ortachala Apartments was built using high-quality materials and advanced technologies.

The monolithic frame of the building and its foundation are constructed of high-strength Heidelberg concrete. The facade is insulated with an environmentally friendly effective heat insulator and is lined with “Caparol” decorative plaster, followed by painting with acrylic dyes made in Germany. The entrance and the base are faced with natural stone. High energy efficiency indicators provide low costs of utilities and a high level of comfort. The building has a passenger elevator.

Developer

Dux Development is a subsidiary of the Azerbaijani investment firm ORC Group. Our company is based on the experience of partners who have su…
Details about Dux Development