Lux Tower is a completed project with a C investment grade. Estimated rent is about $4,920 a year after taxes and maintenance costs, with simple payback near 13 years. A nearby school and park add residential appeal, while property management is listed. The model suggests a moderate return, and the actual result will depend on the chosen apartment and letting terms.
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Khimshiashvili District: Authentic Seaside Living at Accessible Prices
Located between Batumi’s Old Town and New Boulevard, Khimshiashvili is a calm, well-established neighbourhood with a genuine local character. Away from the busiest tourist areas, it is known for its open-air markets, family-run cafés serving local cuisine, public schools and convenient access to everyday services.
Pros: Proximity to the sea, with the beach within walking distance from many parts of the neighbourhood; a peaceful, unhurried residential atmosphere; fresh produce at accessible prices in local markets; and generally more affordable property options than in Batumi’s premium resort districts.
Cons: Much of the area consists of older apartment buildings and private houses, with fewer modern residential developments. The choice of leisure and resort-style amenities is also more limited, as this is primarily a residential neighbourhood rather than a tourist district.
✅ Who it suits: Local residents and international buyers looking for their first home in Georgia at a reasonable price; practical buyers who want to live within walking distance of the sea without paying a premium for a resort location; and families with school-aged children who value access to nearby schools and kindergartens.
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Lux Tower
Batumi, Khimshiashvili, Petre Bagrationi St, 196i