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AI Investment Summary

Al Mare has a B investment grade. The rental model estimates about $5,400 a year after taxes and maintenance. Simple payback is around 10 years. The completed building and Midtown Group's two finished projects add clarity, while the chosen apartment will determine real returns.

68.2
Final score
68.2
60
Liquidity
60
Net yield
9.8%
Appreciation potential score
49.4/100
Exit score
44.2/100
Investment grade
B
ADR
44 $
Occupancy
46%
Annual net rent
5,396 $
Primary Strategy: Balanced

Overview

Al Mare (Midtown Group) Key benefits: 100m to the sea (first line). 18-storey residential tower (two sections). SPA with pool, gym, sauna, jacuzzi. White frame finish. Location: 4 Zgvispiris St, Batumi. New Boulevard district, near Children's Republican Hospital, Metro City Mall, park, 10 min from airport. Tech: Monolithic-frame (7+ point seismic resistance). White and blue facade. Panoramic windows. Elegant balconies. Amenities: SPA (swimming pool, gym, saunas, jacuzzi), restaurant, commercial areas, equipped courtyard, green area, 2-level underground parking (105 cars), security, CCTV, reception. Units: Studios, 1-3-bedroom apartments (25–95 m²). White frame finish. Option to combine adjacent apartments. Purchase terms: Contact sales office for pricing and options.

Project details

Construction status· CompletedArea range· 25-95 m²

Finish options

White frame

Construction technology

Monolithic frame

Utilities

Panoramic glazingMetal-plastic windowsWaterElectricityGasVentilationTelephoneTV

Elevators

Passenger

Infrastructure

Commercial areasSwimming poolSpaFitness centerLandscaped yardRestaurantOn-site child amenity

Security & Safety

Closed territorySecurityCCTVReception

Parking

Underground
Layouts
Layouts are not published for this project yet.
Location

Airport District: Batumi’s Emerging Growth Area

Located in the southern part of Batumi, around the international airport and close to the New Boulevard, this rapidly developing district is seeing new residential complexes, commercial properties, and urban infrastructure emerge side by side. Buyers are attracted by relatively affordable entry prices and the potential for long-term property value growth as the area continues to develop.

Pros: Convenient transport connections — around 10–15 minutes to central Batumi, depending on traffic, and quick access to the main roads leading towards the Turkish border. The pebble beach is within walking or short driving distance, depending on the property’s exact location. Prices are generally more accessible than in central Batumi, making the area attractive to buyers seeking a modern new-build at a lower entry point. Local markets, shopping facilities, and everyday services are also available nearby.

Cons: Aircraft noise may occasionally be audible, particularly in properties located closer to the airport. Traffic can become heavier during the summer, especially on routes leading towards the Turkish border. The district currently has fewer premium cafés, restaurants, and landscaped parks than central Batumi, although its infrastructure continues to expand.

✅ Who it suits: Investors considering one of Batumi’s developing residential areas; frequent travellers who value proximity to the airport; budget-conscious buyers seeking a modern new-build near the coast without the premium prices of central Batumi; and car owners and business travellers who appreciate convenient road connections.

City
Batumi
District
Airport
Address
Zgvispiris St, 4

Nearby travel times

Walk to sea
29 min
Walk to park
27 min
Walk to school
19 min
Nearest major mall
Metro City Forum AVM
Drive to mall
5 min
Midtown Group is a Georgian real estate developer with market history since 2014 and 2 completed projects and 2 current projects visible in the portfolio. On HomeRadar, the developer is represented by projects such as Harmonia, Al Mare, and Al Mare Green. The portfolio has a clear focus on Green Cape, one of the more recognizable Batumi search locations. For buyers, the key is to compare the exact project, price per square metre, construction stage and rental or resale scenario.
More about the developer

Al Mare

Batumi, Airport, Zgvispiris St, 4

Price from
55,000 $
Price per m²
1,642 $ / m²