Dar Residence

AI Investment Summary

Dar Residence is complete, but its investment grade is D. Projected rent is about $5,820 a year after taxes and maintenance costs, while simple payback exceeds 26 years. That is a weak case for a buyer seeking timely rental returns. A park and transit stop are very close, so the stronger reason to consider it is as a ready home after inspecting a specific apartment.

58.4

Final score

58.4

Liquidity

Net yield

5.7%

Appreciation potential score

42/100

Exit score

28.5/100

Investment grade

ADR

60 $

Occupancy

57%

Annual net rent

8,738 $

Primary Strategy: Balanced

Overview

Dar Residence Key benefits: 600m to sea port. 7-storey residential building. 2 passenger elevators. Underground parking. Location: 24 Baratashvili St, Batumi. City center, near circus, cable car (700m), seaport (600m), city hall (150m), Drama Theater. Tech: Monolithic-frame. Insulated facade. Decorative husk finishes. Energy-efficient glazing. Amenities: Commercial premises on ground floor, rest zone, underground parking, guest car park, landscaped territory with trees and street lamps. Units: 1-4-bedroom apartments (36.1–124.5 m²). Black frame finish. Purchase terms: Interest-free installment after down payment.

Project details

Construction status· CompletedArea range· 36.1-124.5 m²

Finish options

Black frame

Construction technology

Monolithic frame

Utilities

Heating systemGasMetal-plastic windowsSteel entrance door

Elevators

Passenger

Infrastructure

Commercial areasRecreational area

Parking

Underground

Security & Safety

Security

Layouts

Layouts are not published for this project yet.

Location

Old Town: Historic Charm in the Heart of Batumi

Batumi’s Old Town is one of the city’s most distinctive and atmospheric districts, known for its narrow cobblestone streets, 19th-century architecture and proximity to the seaside boulevard. The area is home to the port, Europe Square, popular restaurants, cafés and souvenir shops, creating a lively urban atmosphere throughout the day and evening.

Pros: Excellent walkability, with major attractions, restaurants and the waterfront close by; a unique historic atmosphere; sea, city and mountain views from selected properties; and strong demand for short-term rentals due to the central location.

Cons: Street noise can be noticeable, particularly in the evening and during the tourist season. Parking is limited, property prices are generally among the highest in Batumi, and many older buildings may require renovation or additional maintenance.

✅ Who it suits: Investors focused on short-term rental demand in central Batumi; international buyers and expats who value historic architecture and an authentic urban atmosphere; and younger residents who prefer a walkable lifestyle without relying on a car.

City

Batumi

District

Old Batumi

Address

Baratashvili St, 24

Nearby travel times

Walk to sea

11 min

Walk to park

1 min

Walk to school

12 min

Nearest major mall

Grand Mall

Drive to mall

2 min

Dar Building

Dar Building is a Batumi developer whose official materials say it has been active since 2006. The company develops multifunctional residential complexes, hotels, and apart-hotels, including the large-scale Dar Tower project. On HomeRadar, the developer is represented by projects such as Dar Tower, Prestige House, Dar Twins, and Zurab Gorgiladze St, 92-94. The portfolio has a clear focus on Heroes Alley, one of the more recognizable Batumi search locations. This profile suits buyers who want several options under one developer and prefer to compare price, format and completion stage before choosing.

More about the developer