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AI Investment Summary

Alliance Palace is complete and close to the shore, an appealing starting point for a buyer considering a ready apartment for letting or personal use. Developer sales are marked as closed in our data, so a rental return or payback figure needs the price of an actual resale unit. Its condition and asking price will be decisive.

Final score
SOLD OUT
90
Liquidity
90
Net yield
32.5%
Appreciation potential score
Exit score
46.9/100
ADR
42 $
Occupancy
57%
Annual net rent
17,890 $
Primary Strategy: Capital Growth

Overview

Alliance Palace Key benefits: 80m to the sea (first line). 41-storey oval tower. Courtyard by Marriott hotel (floors 1-6, 150 rooms). Indoor swimming pool. Location: 5 Sherif Khimshiashvili St, Batumi. New Boulevard district, 500m from major highway, 10 km from airport. Tech: Monolithic-frame. Glass facade. High-speed imported elevators. Amenities: Indoor swimming pool, fitness center, restaurant, lounge area, casino, underground parking, 24/7 security, CCTV. Units: Studios, 1-3-bedroom apartments (30–110 m²). Complete renovation. Purchase terms: Contact sales office for pricing and options.

Project details

Sales status· Sold outConstruction status· CompletedArea range· 30-110 m²

Finish options

Fully renovated

Utilities

ElectricityWaterSewerageGas

Elevators

PassengerFreight

Infrastructure

Swimming poolFitness centerRestaurantRecreational areaCasino

Parking

Underground

Security & Safety

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

Heroes Alley District: Batumi’s Modern Residential and Business Center

Heroes Alley is one of Batumi’s most rapidly developing central areas, centered around Zhiuli Shartava Avenue and the surrounding streets. The area features modern high-rise residential complexes, commercial spaces, sports facilities, and other urban amenities. Located between Batumi’s historic center and the southern part of the city, the district combines convenient access to the seafront with well-developed urban infrastructure.

Advantages: modern development and a wide selection of new residential complexes; a convenient location in relation to the city center, New Boulevard, and major urban roads; shops, supermarkets, cafés, schools, and other everyday services are located nearby. The district is also home to a major football stadium, while the seafront and beach are within walking distance from many parts of the area. Heroes Alley is developing as a business and commercial hub as well, helping maintain activity throughout the year rather than only during the summer season.

What to consider: the area is still undergoing active development, so construction work may be taking place near some residential complexes. Main roads can experience heavier traffic and increased noise levels during peak hours. The density of high-rise development is gradually increasing, so buyers should consider the location of neighboring and planned projects, as these may affect future views from an apartment.

✅ Who it suits: buyers who want to live in a modern part of Batumi close to the city center and the sea; investors considering property for long-term or short-term rental; families and professionals who value well-developed urban infrastructure; and buyers who prefer new residential complexes in a rapidly developing part of the city.

City
Batumi
District
Heroes Alley
Address
Sherif Khimshiashvili St, 5

Nearby travel times

Walk to sea
5 min
Walk to park
13 min
Walk to school
4 min
Nearest major mall
Metro City Forum AVM
Drive to mall
1 min
Alliance Group is a Georgian construction and development company founded in 2005. Public company profiles describe it as an early mover in Georgia’s mixed-use and hotel-branded development segment, with major Batumi projects including Alliance Palace, Alliance Privilege, and Alliance Centropolis. The most notable project in the portfolio is Alliance Palace, which stands out for its location and investment profile. The portfolio has a clear focus on Heroes Alley, one of the more recognizable Batumi search locations. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
More about the developer

Alliance Palace

Batumi, Heroes Alley, Sherif Khimshiashvili St, 5

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 30%

Installment from developer

Provider

Alliance Group

Terms

Interest-free installment; up to 36 months; down payment from 30%