Introduction
Georgia has become one of the most attractive real estate destinations in the Caucasus region, thanks to its strategic location between Europe and Asia, affordable living costs, and the ease of property ownership for foreigners. Major cities such as Tbilisi and Batumi have witnessed a real estate boom in recent years, with diverse residential projects targeting both investors and residents.
In this article, we will explore the types of apartments in Georgia—their sizes, locations, and investment advantages—and conclude with an overview of OTI Real Estate and its notable projects.
Nature of Apartments in Georgia
Apartments in Georgia vary significantly depending on the location, price, and target category. They can be mainly classified into the following types:
1. Economy / Comfort Class Apartments
Size: Usually between 30–70 m², suitable for individuals or small families.
Specifications: Good but simple finishing, typically in multi-story buildings; basic facilities such as electricity and water; some offer shared parking.
Location: Generally in residential neighborhoods slightly away from the city center, offering lower prices and good rental returns.
2. Mid- / Business Class Apartments
Size: Usually 60–120 m² with multiple bedrooms.
Specifications: Higher-quality finishing, modern interior design, facilities such as small swimming pools, gyms, and 24/7 security.
Location: Often in desirable districts of Tbilisi like Vake or Saburtalo, or near the beaches in Batumi—suitable for long-term living or rental investment.
3. Luxury / Premium Apartments
Size: Typically 100–250 m² or more, with large balconies and panoramic views.
Specifications: High-end finishing, wooden or marble floors, equipped kitchens, hotel-style services such as security, cleaning, and property management.
Location: Usually in the historic heart of Tbilisi or near the sea in Batumi, close to major tourist and commercial areas.
Investment: Ideal for long-term investment or short-term rental, with high yields due to demand for upscale properties.
4. Townhouses / Villas
Size: Larger than typical apartments—usually 150 m² and above—with gardens and terraces.
Specifications: Unique architectural design, high privacy, full amenities such as private parking, and sometimes a small pool.
Investment: A great option for families or investors seeking integrated luxury living in quiet neighborhoods.
5. Off-Plan Apartments (Under Construction)
Size: Varies by project.
Specifications: Purchasing during the construction phase at a lower price, often with flexible payment plans.
Advantages: Higher investment returns, ability to choose floors and interior specifications, though with potential delays in handover.
6. Apartments in Historical / Renovated Buildings
Size: Small to medium, typically 40–100 m².
Specifications: Modern interior design within older buildings, preserving the city’s historical character.
Location: Ideal in Old Tbilisi, offering a unique living experience and attracting investors interested in cultural tourism.
Key Areas for Apartments in Georgia
Tbilisi
Advantages: The capital, economic and political hub, modern and luxury projects, advanced educational and medical facilities, wide transportation network.
Prices: Ranging from $40,000 for economy units to over $250,000 for luxury units.
Investment: High demand for both long- and short-term rentals, especially in areas near commercial and tourist centers.
Batumi
Advantages: A coastal city on the Black Sea, major tourist destination, luxurious residential and hotel projects, sea-view apartments.
Prices: Starting at around $35,000 for small units and up to $200,000 for luxury units.
Investment: Strong tourism-based rental market, especially during summer; investment yields are high compared to Tbilisi.
Factors Affecting Real Estate Investment in Georgia
-
Location and proximity to services and transportation
-
Size and layout, number of rooms, terraces/balconies
-
Shared facilities: security, parking, pools, gyms
-
Finishing quality, building materials, sound and heat insulation
-
Brand or hotel affiliation (linked projects have higher value)
-
Legal status: title deed, permits, construction licenses
-
Project status: ready or under construction, delivery time, developer reputation
Investment Opportunities in Georgia
-
Easy property ownership for foreigners, with clear legal procedures
-
High rental yields, especially in Tbilisi and Batumi
-
Continuous tourism growth supporting hotel-residence projects
-
Relatively low construction costs compared to Europe, increasing profit margins
-
Growing demand for luxury apartments and modern complexes
Overview of OTI Real Estate
After reviewing the different apartment types and key investment areas, it’s important to highlight OTI Estate, one of the leading developers in the Georgian market, known for combining quality with innovation.
Full Name: OTI Estate (part of Hebashi Holding Group)
Activities: Investment, residential, and commercial real estate development in Tbilisi and Batumi
Vision: Delivering high-quality projects, modern design, strategic locations, and attractive investment opportunities for both foreigners and locals
Some of Its Key Projects:
-
OTI 29 Residences – Batumi: Luxury apartments near the sea with modern amenities
-
Batumi Pearl: Residential/hotel project combining investment value with premium living
-
OTI 31: A 31-floor tower—one of Georgia’s tallest residential buildings—located near embassies and tourist attractions
-
MKA City: A residential project with three fully serviced buildings, plus recreation and play areas
-
OBC – OTI Business Center: A business center in Tbilisi offering office and commercial spaces
-
Marabda Sky: An investment and nature-focused project centered on glamping and green areas
-
Asuriti Paradise: A tourism and wellness resort project near Tbilisi
OTI represents a strong model of a developer offering mixed-use projects combining living, investment, and services—making it an attractive option for investors seeking diversity and quality.
Conclusion
Georgia offers diverse real estate opportunities suitable for all categories—from economy apartments to luxury units and full residential complexes. Tbilisi and Batumi remain the core of real estate investment, with strong rental returns and a continuously growing market.
Apartments differ in size, location, and facilities, so investors must study each project carefully, focusing on finishing quality, location, and services provided.
Ultimately, companies like OTI Real Estate add significant value to the Georgian real estate landscape through high-quality design, diverse projects, and a forward-looking investment vision.
