Current Market Situation
In 2025, Batumi maintains its status as Georgia's key investment hub. The residential real estate market has shown 111% growth since 2018. Major drivers include large-scale projects like Emaar Group's Gonio Marina ($5.5 billion investment) and growing demand for resort properties. The average price per sq.m. in new developments is $1,179, which is 14% higher than in 2024.
Top 5 New Developments in Batumi
Data sourced from the New Builds in Batumi section.
1. Gonio Marina
Location: Black Sea coast (first coastline).
Features: yacht club, luxury hotels, shopping centers.
Price: from $1,500 per sq.m (sales launch in 2025).
2. Alliance Centropolis (World Trade Center Batumi)
Location: first coastline.
Features: business center, sea-view apartments.
Price: from $96,043 per unit.
3. ORBI CITY Batumi
Location: first coastline, near Shartava Street.
Features: high-rise complex with tourist infrastructure.
Price: from $46,200 per unit.
4. Blue Sky Tower Holiday Inn
Location: new city center, Shartava Street, near the stadium.
Features: combination of residential and hotel spaces.
Price: from $38,350 per unit.
5. Rainbow by Wyndham
Location: coastal area, New Boulevard.
Features: unique Batumi neighborhood with developed infrastructure, pedestrian walkways, and relatively low-rise buildings.
Price: from $47,600 per unit.
Prices by District and Distance from the Sea
- First coastline (0–200 m from sea):
- New Boulevard, Old Town.
- Average price: $1,500 – $2,000 per sq.m.
- Second coastline (200–500 m from sea):
- Areas with modern residential complexes (e.g., Gonio).
- Average price: $1,200 – $1,400 per sq.m.
- Third coastline (500+ m from sea):
- Private sector, low-rise buildings.
- Average price: $800 – $1,000 per sq.m.
Secondary Market: Prices by Category
- Apartments in Batumi
- Old Town: $1,300 – $1,800 per sq.m .
- New districts: $1,000 – $1,200 per sq.m.
- Houses in Batumi
- Suburbs (Gonio, Chakvi): from $200,000 per property (150–200 sq.m area).
- Villas in Batumi
- First coastline: from $250,000 (sea view, private pools).
- Mountain areas: from $150,000.
- Townhouses in Batumi
- New Boulevard: from $150,000 (modern complexes).
Forecasts and Recommendations
- Price growth: expected to increase by 8–10% annually, especially in first coastline projects.
- Demand: foreign investors (27% Russia, 11% Israel) actively purchasing properties for rental (up to 12% annual yield).
- Risks: market oversaturation with new developments may slow price growth in the budget segment.
Batumi remains a magnet for investors due to its combination of affordable prices, developed infrastructure, and tourist appeal. When choosing a property, key factors should include proximity to the sea, property type, and long-term value growth potential.
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