Sunrise

AI Investment Summary

Sunrise is complete, but the developer's units are sold out. An individual resale apartment may appeal to a buyer who prefers an existing building. Elt Building has four completed projects. Payback depends on the asking price and condition of that particular unit, so there is no sound figure to quote without a live offer. Rental demand and running costs would need a fresh assessment.

Final score

SOLD OUT

Liquidity

Net yield

26.8%

Appreciation potential score

Exit score

26/100

ADR

48 $

Occupancy

61%

Annual net rent

9,644 $

Primary Strategy: Capital Growth

Overview

Sunrise Key benefits: 100m to the sea. 15-storey residential building. Swimming pool on-site. Underground parking. Location: 18 Rejeb Nizharaadze St, Batumi. New Boulevard district, near Batumi Water Park, 3 km from airport. Tech: Monolithic-frame. European technologies. Amenities: Landscaped courtyard, swimming pool, children's playground, underground parking, open parking for guests, 24/7 video surveillance. Units: Studios, 1-2-bedroom apartments (24.7–85.4 m²). White frame finish. Purchase terms: Interest-free installment for 22 months with 20% down.

Project details

Sales status· Sold outConstruction status· CompletedArea range· 24.7-85.4 m²

Finish options

White frame

Construction technology

Monolithic frame

Elevators

Passenger

Parking

Underground

Security & Safety

SecurityCCTV

Infrastructure

On-site child amenity

Layouts

Layouts are not published for this project yet.

Location

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.

City

Batumi

District

Khimshiashvili

Address

Rejeb Nizharaadze St, 18

Nearby travel times

Walk to sea

17 min

Walk to park

8 min

Walk to school

17 min

Nearest major mall

Metro City Forum AVM

Drive to mall

2 min

Elt Building

ELT Building is a Georgian real estate development company operating since 2017. The company primarily focuses on residential and investment-oriented developments in Batumi.

The developer’s portfolio includes seven completed projects: Sunrise, Rainbow, La Quinta by Wyndham, Sunset, Optima Residence, Compact House, and Marina Club. ELT Building is currently developing two projects in Batumi — OXY Residence and Status House.

The company delivers a range of property formats, from residential complexes designed for permanent living to apart-hotels and investment properties. ELT Building also cooperates with international hospitality brands, strengthening its experience in the development and management of tourism and hotel-oriented real estate.

More about the developer