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AI Investment Summary

Midtown has a B investment grade. Projected rent is about $8,280 a year after taxes and maintenance costs, with simple payback near 11.5 years once letting begins. Gumbati Group has six completed projects, and apartment management is listed. Delivery is indicated for 2026. A nearby school and park add appeal, but rental income starts only after the apartment is ready.

72.5
Final score
72.5
60
Liquidity
60
Net yield
8.7%
Appreciation potential score
56/100
Exit score
49.7/100
Investment grade
B
ADR
60 $
Occupancy
39%
Annual net rent
8,278 $
Primary Strategy: Rent Core

Overview

Midtown by Gumbati Group is a 14-storey residential project in central Batumi, located about 500 meters from the sea. The project includes 57 apartments, commercial spaces on the first floor, and apartment layouts from approximately 53.1 m² to 144.3 m².

Midtown is designed for buyers looking for Batumi real estate close to the beach, 6 May Park, schools, medical services, the Archaeological Museum, and Shota Rustaveli University. The project offers green frame apartments with installed entrance doors, windows, internal partitions, electrical wiring, water and sewage pipes, ventilation, heating pipes, plastered walls, ceiling works, floor screed, gas pipes, and balcony technical points.

The project also includes two Otis elevators, managed common areas, cleaning services, elevator operation, surrounding area maintenance, and security camera infrastructure. Buyers can additionally order interior design services through Gumbati Design.

Midtown is suitable for residential use and conservative long-term investment in Batumi, especially for buyers looking for a compact city project near the Black Sea and everyday urban infrastructure.

Key benefits: 500m to the sea, 14-storey residential building, next to 6 May Park with lake, 3m ceilings.
Location: 99 Vakhtang Gorgasali St, Batumi. Next to 6 May Park, 10 min walk to Batumi Boulevard and beach, near Batumi Plaza, Dolphinarium, Aquarium.
Tech: Monolithic-frame. Brick exterior walls. OTIS elevators. Energy-efficient double-glazed windows.
Amenities: Partially gated courtyard, relaxation area with eco-gazebo, benches, children's playground, guest parking, landscaped grounds with lawns and flowerbeds, 24/7 security cameras.
Units: 2-4-bedroom apartments (53–240 m²). Green frame finish. Open balconies. Some units with large private terraces.
Purchase terms: Mortgage financing available.

Project details

Construction status· PlannedDelivery· Q4 2026Area range· 53-240 m²

Finish options

Green frame

Utilities

Panoramic glazingGas

Infrastructure

Children's playground

Parking

Parking Spaces
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
Vakhtang Gorgasali St, 99

Nearby travel times

Walk to sea
16 min
Walk to park
4 min
Walk to school
1 min
Nearest major mall
Grand Mall
Drive to mall
6 min
Gumbati Group is a Georgian construction and development company founded in 1998. Public company profiles describe it as one of Batumi’s established developers, with activity spanning residential, commercial, and infrastructure projects and a long operating history in the city. The stronger-scoring projects include Gumbati Residence and Vakhtang Gorgasali St, 128-134, which stand out for their location and investment profile. The portfolio is focused on liquid Batumi locations such as the Khimshiashvili corridor, Old Batumi, and central Batumi. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
More about the developer

Midtown

Batumi, Airport, Vakhtang Gorgasali St, 99

Price from
95,400 $
Price per m²
1,800 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 25%

Installment from developer

Provider

Gumbati Group

Terms

Internal installment up to 48 months; down payment from 25%

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