In previous reviews, we talked about the investment attractiveness of Georgia and Batumi, in particular, the profitability of real estate investments.
Today the experts of GEOLN.COM will tell you about the most attractive investment projects in Batumi in the real estate sector in 2020. The rating is based on an analysis of the key parameters of the objects and the opinions of independent experts in the field of real estate.
First of all, we note that all these construction projects are implemented in accordance with the new regulations that came into force in Georgia in 2018. These regulations, among other things, imply increased standards for the materials and technologies used in construction, landscaping, parking and apartment planning.
Also, all projects have a number of advantages:
- close proximity to the sea. The maximum distance to the coastline is 500 m;
- favorable price compared to real estate in other coastal countries. For example, the average price per square meter in Greece varies between €1000 - €1400, in Spain - €1600-1800, in Turkey - €700-900 (data for 2018, excluding taxes and procedural expenses). In Georgia, apartments by the sea on the primary market can be purchased at an average price of €500-800. At the same time, there is no tax on the purchase of real estate, and registration costs are minimal; (for more information about how apartments in Batumi can generate income, see the link - https://geoln.com/how-to/how-to-generate-stable-income-from-rental-properties-in-batumi )
- a simple and transparent procedure of registration of the transaction. The entire document processing process takes no more than 2 hours;
- low cost of utilities: $ 30-40 in the warm season,$ 50-100 in the cold season;
- equipped green house territory and the presence of all necessary for a comfortable life and recreation facilities directly in the complexes (playgrounds, parking, swimming pool, fitness center, SPA, sauna, cafes, bars, beauty salon, etc.);
- modern security system: intercoms, CCTV cameras, security, concierge, electronic access system);
- developed infrastructure. All key infrastructure facilities (schools, shops, pharmacies, shopping centers, entertainment venues) are located within walking distance;
- rental services for your apartments by a management company;
- more than favorable terms of installments: from 15 to 50 months with an initial payment of 20-30% of the total cost.
Now let's go directly to the leaders of the rating.
1. The project HORIZONS Tryp by Wyndham from NEW HORIZONS GROUP
HORIZONS residential complex is located just across the road from the sea and the beach. Right in front of the house there is a green area of the New Boulevard. This is where most tourists who come to Batumi prefer to rest, and for good reason: a wide clean coastline, an abundance of greenery, playgrounds and a park.
New buildings by the sea in Batumi from the developer Horizons - https://geoln.com/georgia/batumi/tryp-by-wyndham-batumi
At the same time, you will not be bothered by the noise of the road, neighbors or the sea – the complex provides reliable sound insulation of walls and windows. But you are welcome to admire the stunning scenery of the sea and mountains in the panoramic windows.
The house has already been commissioned in December 2018, which distinguishes it from other projects.
The developer offers its own installment plan for 15 months with an initial payment of 30%.
Price, sq. m: from $ 945.
2. The project SUNRISE from ELT BUILDING
Another project near the Black Sea coast. Located in the most tourist area (New Boulevard), the complex has its own special microclimate: a closed quiet courtyard with fruit trees, a playground and recreation areas; and on the roof-an outdoor terrace with a swimming pool, jacuzzi, summer cinema and cafe-bar.
Apartments with sea views from the developer ELT Building
Video presentation of the SUNRISE complex
The unique location and layout of the apartments allow you to enjoy the sea and mountains at the same time. The complex has its own equipped beach. Another highlight is car, motorcycle and bike rental on the territory, as well as seasonal free electric cars for residents and guests of SUNRISE.
The developer has more than favorable installment terms: 22 months with a 20% down payment.
Date of commissioning: November 2019.
Price, sq. m: from $ 650.
The house was built and offers from the developer remained 2-3 options. Therefore, it is best to look for options for apartments by the sea in this house on the secondary market.
3. The project BlueSky Tower from LIKE HOUSE
One of the most attractive investment projects of the premium class. The first 10 floors of the complex will be occupied by a 4-star hotel of the world-famous American brand Holiday Inn. The owner of the brand is the largest international hotel chain IHG, which has more than 4.5 thousand hotels around the world. Each year, the chain's hotels receive more than 157 million guests in more than 100 countries. There will also be a casino on the lower floors.
On the upper floors will be located private apartments with an area of 26 square meters that are suitable for renting out and for your own comfortable stay.
Black Sea Mall, the most popular shopping center in Batumi, is located right in front of the residential complex. In 2020, a new state-of-the-art football stadium will be opened next door, fully meeting all FIFA and UEFA standards.
Guaranteed income apartments from Holiday INN
Installments are available for 36 months with a 30% down payment.
Date of commissioning: April 2021.
Price, sq. m: from $ 700.
4. The project SEVENTH HEAVEN Residence from H Group
An interesting project on the first coastline in the new prestigious area of the New Boulevard. The complex is designed in such a way that all apartments have a panoramic view of the sea.
Apartments by the sea in full ownership in Batumi from 7th Heaven
SEVENTH HEAVEN is more like a hotel complex with an all inclusive system. On site, you can swim in the pool, enjoy the seascapes, sunbathe on your own beach, spend active time in the fitness room, relax in the SPA, transform in the beauty salon, dine on the outdoor terrace, enjoy the sunset and the warm breeze, while the children are actively engaged in the play areas.
Near the complex there is a water park and a seaside garden, as well as the largest shopping and entertainment complex MetroCity Forum.
Metro City shopping complex is the largest entertainment and shopping complex in Batumi.
The developer has an installment plan until the end of construction (June 2021).
Price, square metres and from $900.
5. The project TERASSA BATUMI from TERRASSA GROUP
The uniqueness of TERRASSA GROUP projects is in the so-called "green architecture", which implies a harmonious combination of living plants and residential infrastructure in projects. Thanks to this concept, the company has won many prestigious awards, making the living space as environmentally friendly as possible.
The TERASSA BATUMI project is no exception. There will also be a "green roof" with recreation areas and all necessary infrastructure facilities.
A residential complex is being built in a new elite seaside district, just 400 meters from the coastline, in close proximity to the largest shopping center of Batumi MetroCity Forum and the seaside park.
It is possible to arrange an installment plan for 3 years with a 30% initial payment. Also, for a fee, the developer provides repair services.
Date of commissioning: August 2021.
Price, sq. m: from $ 590.
6. The project TROPICAL GARDEN
At the moment, the only project with suburban accommodation and the possibility of sanatorium treatment. The residential complex is located in a unique resort area with a special microclimate called Green Cape. On one side it is framed by the sea, on the second-the purest river, on the third-the protected Botanical garden, where more than 5000 rare plants from all over the world are collected on the territory of more than 110 hectares. This is the largest garden in Georgia, and once in the USSR, leading its history since 1880. Just imagine what a healing climate reigns in this paradise!
At the same time, the center of Batumi can be reached in just 15 minutes, and the international airport is 20 km away.
The complex is designed in such a way that all apartments have a magnificent view of the sea. For the cold season, there is a warm pool and a SPA complex with a system of medical procedures.
Please note that by clicking on the link, you can get acquainted with the video business card of the developer on behalf of its official representative.
Date of commissioning: November 2021.
Price, sq. m: from $ 930.
7. The project INTOURIST RESIDENCE from BATUMI BUILDING COMPANY
The project is definitely winning in its location, being in the most tourist resort area: at the junction of the New and Old Boulevard. The complex is only 200 meters from the sea. Next door are hotel chains of world brands: Marriott, Ramada, Best Western, etc. The irst 15 floors of the residential complex will also take a 5-star hotel of an international brand.
Near the complex there is one of the top attractions of the city- lake Ardagani with singing fountains, around which several restaurants are conveniently located, where you can spend an evening.
Another undeniable advantage of this project is the internal installment plan for 50 (!) months. You will not find such conditions in any developer.
Date of commissioning: March 2021.
Price, sq. m: from $ 550.
8. LA QUINTA BY WYNDHAM from ELT BUILDING
Multi-functional hotel complex under the auspices of the famous American brand, offering more than 100 hotel rooms and about 1000 apartments of premium and platinum class.
This project stands out because of three main points:
- quality and standards of Wyndham-an international hotel and resort chain that unites more than 9,000 hotels under 21 brands in 75 countries on 6 continents;
- guaranteed income of 12% per annum from the management company SOPHOS HOTELS-the leading Swiss company in the field of hotel management;
- free holidays using the timeshare system from RCI, the world's leading provider of vacation exchange. How does it work? You can exchange a vacation, for example, a week, in your LA QUINTA apartments in Batumi for a week of rest in another resort that is attached to the RCI exchange system. The company cooperates with more than 4000 resorts in 100+ countries around the world. This gives you freedom of choice, new experiences, and at the same time the reliability and quality standards of an international brand.
Other benefits include a private branded beach, an outdoor roof terrace with a bar and jacuzzi, and a pedestrian bridge from the complex to the Boulevard and beach area.
Revenue-generating hotel room with a unique vacation exchange program-RCI
Construction is scheduled for completion in December 2021.
The cost of square meters-from $ 500.
Also, the developer ELT Building is launching a new project - "SUPER 8 Hotels"; the new complex will house more than 600 apartments and a well-known branded hotel "SUPER 8", which is part of the "Wyndham Hotel Group", which includes more than 300 hotels around the world,
9. Black Sea Towers project from REAL PALACE
A modern residential and hotel complex under construction in a busy tourist area opposite the new football stadium, which will open its doors in 2020. The 100-million-strong project, which meets the standards of FIFA and UEFA, will be able to host 20,000 spectators at the same time and will become a leading venue for international matches and important events.
Apartments in Batumi opposite the UEFA stadium from BLACK SEA TOWERS
The complex is also adjacent to the popular Black Sea Mall and one of the key highways of Batumi, which allows you to quickly and conveniently move around the city by your own car or public transport. The bus and sea terminal are less than 1.9 km away.
From the complex to the coast through the landmark "Gate of the Black sea" leads a wide picturesque alley, which offers one of the best views of the sea and the lake with singing fountains.
The completion date is October 2022.
Price, sq. m: from $ 480.
10. The project BI RESIDENCE from KASKO GROUP
BI RESIDENCE is a unique premium-class complex located 120 m from the sea, in the tourist center of Batumi, on the New Boulevard. The advantage of the complex is compliance with international quality standards; cooperation with the management company BI Management-the leader of management in the Batumi market. Clients are offered to rent hotel apartments through a unique it solution that allows you to place your object on more than 100 + rental sites, such as Booking.com, Expidia, Airbnb and others;
You can learn more about all the objects and compare the key parameters of new buildings using the search service for verified real estate GEOLN.COM. Also, you can order a free tour of real estate, get a personal discount certificate and free legal advice from specialists GEOLN.COM