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AI Investment Summary

Harmonia has a D investment grade. The rental model estimates about $4,910 a year after taxes and maintenance. Simple payback is around 24.5 years. The rental horizon is long. A finished home may offer clearer value for a buyer planning to live there.

52.7
Final score
52.7
60
Liquidity
60
Net yield
4.1%
Appreciation potential score
42/100
Exit score
41.7/100
Investment grade
D
ADR
40 $
Occupancy
39%
Annual net rent
4,906 $
Primary Strategy: Balanced

Overview

Harmonia (Midtown Group) Key benefits: 700m to sea port. 13-storey residential building. Underground heated parking. Location: 67 Luka Asatiani St, Batumi. Near city hall (700m), seaport (15 min walk), 6 May Park, circus, Batumi Drama Theater, 10-15 min from airport. Tech: Monolithic-frame. Insulated facade with porcelain stoneware panels. 2 elevators. Amenities: Heated underground parking accessible by elevator, children's playground, pharmacy, grocery supermarket on ground floor, guest parking spaces. Units: 1-3-bedroom apartments (35.5–79.5 m²). Black frame finish. Option to convert into duplex apartments. Purchase terms: Installment from developer.

Project details

Construction status· CompletedArea range· 35.5-79.5 m²

Construction technology

Monolithic frame

Parking

Underground

Infrastructure

Children's playgroundPlayground
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
Luka Asatiani St, 67

Nearby travel times

Walk to sea
29 min
Walk to park
27 min
Walk to school
38 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

Harmonia

Batumi, Airport, Luka Asatiani St, 67

Price from
119,000 $
Price per m²
2,205 $ / m²