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AI Investment Summary

Atlantis combines a coastal Kobuleti location with a planned pool and shared services. The model estimates about $3,680 a year after taxes and maintenance, giving simple payback of roughly 11 to 12 years once regular letting starts. Completion is planned for Q2 2027. Returns are sensitive to summer demand and off-season occupancy; rental income starts only after handover and apartment preparation.

61.1
Final score
61.1
50
Liquidity
50
Net yield
8.7%
Appreciation potential score
54/100
Exit score
39.4/100
Investment grade
C
ADR
50 $
Occupancy
30%
Annual net rent
3,680 $
Primary Strategy: Balanced
AI Living Summary

Atlantis is under construction at 258–260 Agmashenebeli Avenue in Kobuleti. Plans include a rooftop pool, gym, restaurant, terraces and parking. HomeRadar routes suggest about eight minutes on foot to Kobuleti Park and fifteen minutes to school No. 3. It may suit holidays or a year-round home after the planned Q2 2027 handover. Winter service availability matters for permanent residents.

74
Living score
74 / 100
Infrastructure
83/100
Building
86/100
Quietness
60/100
Cost
60/100
Move-in readiness
60/100
Mobility
95/100

Overview

Atlantis in Kobuleti: seaside apartments, construction and building amenities

Atlantis is a 13-storey apartment development under construction at 258–260 David Agmashenebeli Avenue in Kobuleti. Developer MVP Group Development plans a rooftop swimming pool, gym, restaurant, shared terraces and services for residents. HomeRadar lists Q2 2027 as the expected completion period. The project may appeal to buyers seeking accommodation near the sea for personal use, holidays or eventual letting who are prepared to wait for handover.

Location and surroundings

The development stands on a main avenue in central Kobuleti. The developer advertises approximately 50 metres to the sea. This is not a verified walking time: before buying, inspect the beach access, road crossings and buildings between the property and the shore. Kobuleti is a separate seaside town, not a neighbourhood of central Batumi, so the two locations offer different transport and everyday routines.

Verified HomeRadar walking routes put a grocery shop about one minute away, a public transport stop two minutes away, a pharmacy six minutes away and Kobuleti Park eight minutes away. Public School No. 3 is approximately a fifteen-minute walk. These services matter outside summer, while some businesses catering primarily to holidaymakers may operate seasonally.

Larger shopping centres in Batumi require a separate journey. HomeRadar driving routes indicate around 51 minutes to Metro City Forum and 54 minutes to Grand Mall, subject to traffic. When choosing an apartment, consider activity on the avenue, seasonal noise, nearby development and the direction of the windows. A location close to the sea does not mean every apartment will have the same outlook.

Architecture and building amenities

Atlantis plans four lifts and spacious lobbies, with a rooftop panoramic pool, restaurant, gym and landscaped leisure areas, and cafés and shops below. Buyers should confirm opening dates and access conditions.

Reception assistance, cleaning, food delivery, security and CCTV are also advertised. As construction is ongoing, these must be treated as planned features. Their inclusion in marketing materials does not establish that the services are already operating, available without additional payment or automatically included for every private apartment owner.

Parking is an area requiring clarification. Public project materials describe underground levels, some first-floor spaces and smart-parking arrangements. Buyers should ask about the final layout, the allocation of spaces, ownership or access rights and charges. Guest entry rules, lift demand in high season and winter opening times for the leisure facilities are also relevant.

Apartment layouts and finishing options

The developer presents studios of approximately 38–39 m², two-room apartments of around 55 m² and three-room examples of roughly 117 m². These are published layout types rather than confirmation that each unit remains on sale. Studios can work for shorter stays; a separate bedroom is often more convenient for longer visits or regular family use.

Several handover formats are described, including basic preparation, renovation without furniture and turnkey packages with appliances. The contract should spell out what is included for the chosen unit: partitions, bathroom fixtures, utility connections, kitchen fittings, furniture, heating and appliances. A completed building does not necessarily mean that a purchased apartment can be occupied immediately.

Beyond square metres, compare natural light, window orientation, room proportions, balconies and proximity to lifts. Storage, heating, ventilation and maintenance costs matter for full-time living. For letting, ease of guest check-in, cleaning arrangements and the availability of management support become important, particularly for owners living outside Kobuleti.

Developer: MVP Group Development

MVP Group Development is developing Atlantis as its main identified residential project in the available portfolio. According to the company, construction work is carried out by ANKO LLC as a separate contractor. ANKO's stated experience and completed floor area should not be presented as projects previously delivered by MVP Group itself.

Buyers should verify the seller's legal identity, construction documentation, payment schedule and contractual handover date. Responsibility for operating the shared facilities also deserves clarification. The developer, construction contractor and future property manager may be different entities with different obligations.

Living and rental potential

Atlantis combines a resort location with the everyday services of Kobuleti. The nearby coast and planned rooftop pool may appeal to holiday users. For year-round occupation, the actual heating, ventilation, transport links and winter operation of services matter more. Maintenance charges could be higher than in an ordinary residential building without extensive leisure facilities.

Letting is a possible use once construction, apartment handover and preparation are complete. Proximity to the sea cannot guarantee year-round bookings: demand will depend on seasonality, the specific layout, competition and management terms. Buyers should not assume either automatic hotel management or unrestricted independent letting from the list of advertised services.

The main attractions are the coastal location and the proposed amenities. The questions to resolve concern the completion date, parking, operating charges and owners' actual access to facilities. These details should be checked against the contract for the individual apartment.

Frequently asked questions about Atlantis

When is Atlantis expected to be completed?

HomeRadar lists Q2 2027. The developer publishes construction and finishing schedules covering 2026–2027. Buyers should confirm the contractual handover date and the condition in which their specific apartment will be delivered.

Will the pool and parking be available to owners?

Both form part of the proposed development, but access rules and extra charges still need clarification. Inconsistent published descriptions of parking mean buyers should not assume that a space is included in the apartment price.

Can apartment owners manage rentals independently?

Guest services are advertised, but the terms of compulsory or optional management for an individual apartment are not confirmed in an available contract. Before buying, check independent letting rules, check-in arrangements, commissions and the owner's obligations.

Project details

Construction status· Under constructionDelivery· Q2 2027Area range· 36-117 m²

Finish options

White frame

Construction technology

Monolithic frame

Elevators

Yes

Infrastructure

Swimming poolRecreational areaFitness centerroom serviceRestaurantLandscaped yard

Parking

Underground

Security & Safety

CCTVSecurityReception
Layouts
Layouts are not published for this project yet.
Location

Kobuleti

City
Batumi
District
Kobuleti
Address
David Aghmashenebeli Ave, 260

Nearby travel times

Walk to sea
32 min
Walk to park
8 min
Walk to school
15 min
Nearest major mall
Metro City Forum
Drive to mall
51 min

MVP Group Development develops Atlantis, a residential complex at 258–260 David Aghmashenebeli Avenue in Kobuleti. The project combines apartments with planned shared amenities near the Black Sea coast.

Construction is carried out by ANKO LLC on behalf of MVP Group. ANKO is a separate construction contractor; its previous projects and years of experience are not attributed to MVP Group Development.

More about the developer

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Atlantis

Batumi, Kobuleti, David Aghmashenebeli Ave, 260

Price from
34,200 $
Price per m²
850 $ / m²
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