King David in Tbilisi

Name: King David
Brand: Rezid Holding
SKU: 58
Availability: InStock

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Project info

Object ID: 58

Finished at	July 2017
Price, m²	From 1500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	32
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	Intercom CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Technical University 7 min Tsereteli 12 min Station Square2 15 min Rustaveli 16 min Marjanishvili 17 min Nadzaladevi 19 min
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Personal discount certificate 300$
Free consultation	Ask a question

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

45,000$

Net profit

5,906$

Payback period

5.6 years

Avg property value increase per year

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About the project

The two towers of King David Residences and King David Business Center are harmoniously combined in the exclusive king David multifunctional complex.
King David is a 5-star residential and business complex that stands out for its elegant and beautiful design and exclusive service.
High tower and King David Residences consists of luxury residential premises the design of which was done with real sophistication. The ceiling-to-floor window walls give a magnificent view of the city and the natural light creates a sense of impressiveness and reliability.
A special service of condos creates a modern style in the city life, offering comfort and coziness, balancing the requirements of active life.
The unique environment created in the Central area of the city for successful and business people allows residents to live, work, relax and have fun in their own King David building.
King David is built with very reasonable and luxurious facilities, with the aim of creating an appropriate working environment for business organizations.
King David-a celebration of excellence and innovation, will be completed in July 2017, and will be a significant addition to the silhouette of the city of Tbilisi.

Developer

The modern design, the view of the city naturally reflected on the façade, the harmonious merging with the old and new parts of Tbilisi, mak…
Details about Rezid Holding