Oval's Heroes Alley location gives it a practical urban setting. The model estimates about $6,360 a year in rent after taxes and maintenance costs, with simple payback of around 13 years once letting begins. A nearby park and city services support the rental case. The building remains under construction, with delivery indicated for 2027, so there is no rental income before handover. The selected unit and purchase terms matter to the final return.
Overview
Key benefits: 200m to the sea. Ultra-modern 34-storey oval-shaped tower. 5-star hotel within the complex. Panoramic sea views.
Location: 9 Zhiuli Shartava Ave, Batumi. Near Heroes Alley, Dancing Fountains, House of Justice, opposite Batumi Stadium.
Tech: Monolithic-frame. Curved facade lines with stained-glass glazing. Architectural lighting. Open glass balconies.
Amenities: Outdoor swimming pool, fitness center, wellness center, wine bar, cinema, lounge spaces, restaurant, shopping center, underground parking for 100 cars, lobby, reception, 24/7 security. Property management company. Concierge service.
Units: Studios, 1-bedroom apartments (30.5–72.7 m²).
Finishes: fully renovated or fully furnished with European appliances.
Purchase terms: Mortgage from TBC Bank. Installment plans from 15% down.
Project details
Finish options
Construction technology
Elevators
Infrastructure
Parking
Security & Safety
86,043 $
91,826 $
93,026 $
94,248 $
94,248 $
95,426 $
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.
Nearby travel times
Oval
Batumi, Heroes Alley, Zhiuli Shartava Ave, 9
Financing
Bank
TBC Bank
Terms
Mortgage available; down payment from 15%
Provider
Metropol
Terms
Installment available