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AI Investment Summary
71.2
Final score
71.2
90
Liquidity
90
Net yield
32.5%
Capital growth
62.6
ADR
$115
Occupancy
57%
Annual net rent
$17,890
Primary Strategy: Balanced

Overview

Alliance Palace Key benefits: 80m to the sea (first line). 41-storey oval tower. Courtyard by Marriott hotel (floors 1-6, 150 rooms). Indoor swimming pool. Location: 5 Sherif Khimshiashvili St, Batumi. New Boulevard district, 500m from major highway, 10 km from airport. Tech: Monolithic-frame. Glass facade. High-speed imported elevators. Amenities: Indoor swimming pool, fitness center, restaurant, lounge area, casino, underground parking, 24/7 security, CCTV. Units: Studios, 1-3-bedroom apartments (30–110 m²). Complete renovation. Purchase terms: Contact sales office for pricing and options.

Project details

Sales status· Sold outArea range· 30-110 m²

Finish options

Fully renovated

Utilities

ElectricityWaterSewerageGas

Elevators

PassengerFreight

Infrastructure

Swimming poolFitness centerRestaurantRecreational areaCasino

Parking

Underground

Security & Safety

SecurityCCTV
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
Sherif Khimshiashvili St, 5
Alliance Group is a Georgian construction and development company founded in 2005. Public company profiles describe it as an early mover in Georgia’s mixed-use and hotel-branded development segment, with major Batumi projects including Alliance Palace, Alliance Privilege, and Alliance Centropolis. The most notable project in the portfolio is Alliance Palace, which stands out for its location and investment profile. The portfolio has a clear focus on Heroes Alley, one of the more recognizable Batumi search locations. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
More about the developer

Alliance Palace

Batumi, Khimshiashvili, Sherif Khimshiashvili St, 5

Price from
$55,000
Price per m²
$2,363 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 30%

Installment from developer

Provider

Alliance Group

Terms

Interest-free installment; up to 36 months; down payment from 30%