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AI Investment Summary

Bana has a C investment grade. The rental model estimates about $4,800 a year after taxes and maintenance. Including renovation, simple payback is around 12.5 years once letting begins. The short walk to the sea may support holiday demand, while planned Q4 2027 handover comes first.

62.9
Final score
62.9
60
Liquidity
60
Net yield
8%
Appreciation potential score
57/100
Exit score
44.1/100
Investment grade
C
ADR
47 $
Occupancy
46%
Annual net rent
4,803 $
Primary Strategy: Balanced

Overview

Bana (Bana Development) Key benefits: 20m to the sea (first line). Two 12-storey blocks. Swimming pool and private beach. Green frame or turnkey. Location: 62 Tamar Mepe Ave | 2 Iberia St, Makhinjauri. Near Batumi Botanical Garden, Magnolia Beach, Makhinjauri Beach, 15 min from Batumi, 35 min from airport. Tech: Monolithic-frame. White facade panels with dark panoramic glazing frames. Open glass balconies. Rooftop with panoramic swimming pool. Amenities: Private beach, swimming pool, open and closed playgrounds, recreation areas, coworking area, spa, fitness centre, restaurant areas, rooftop terrace, sky-bar, underground parking, reception, concierge. Units: Studios, 1-2-bedroom apartments (28–67 m²). Finishes: green frame or turnkey. Purchase terms: Contact sales office for pricing and options.

Project details

Construction status· Under constructionDelivery· Q4 2027Area range· 28-67 m²

Finish options

Green frameTurnkey

Construction technology

Monolithic frame

Elevators

Yes

Infrastructure

Swimming poolPrivate beachChildren's playgroundRecreational areaBusiness centerSpaFitness centerRestaurantTerraceBarCoworkingPlayground

Parking

Underground

Security & Safety

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

Green Cape: A Peaceful Residential Retreat Surrounded by Nature

Located north of Batumi, close to the Botanical Garden, Green Cape is known for its lush natural surroundings, low-rise architecture and tranquil atmosphere. With many buildings limited to five or six floors, the area feels more open and less densely developed than central Batumi. Its greenery and hillside setting offer a peaceful alternative to the city’s busier neighbourhoods.

Pros: Fresh air, panoramic views of the Black Sea and surrounding hills, a private residential atmosphere and convenient access to the Batumi Botanical Garden. The area offers greater privacy and a slower pace of life than central Batumi.

Cons: The choice of shops, cafés and everyday services is more limited. The hilly terrain makes a car highly recommended, while lower levels of tourist and pedestrian activity generally make the area better suited to long-term living than short-term holiday rentals.

✅ Who it suits: Buyers seeking a quieter lifestyle surrounded by nature; retirees and creative professionals who value privacy and space; and families with a car looking for peaceful residential living within easy reach of Batumi.

City
Batumi
District
Green Cape
Address
Tamar Mepe Ave, 62 | Iberia St, 2

Nearby travel times

Walk to sea
3 min
Walk to park
9 min
Walk to school
107 min
Nearest major mall
Grand Mall
Drive to mall
20 min
Bana Development is a Georgian real estate developer with market history since 1997 and 1 current project visible in the portfolio. On HomeRadar, the developer is represented by Bana. The portfolio has a clear focus on Green Cape, one of the more recognizable Batumi search locations. For buyers, the key is to compare the exact project, price per square metre, construction stage and rental or resale scenario. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated after additional verification.
More about the developer

Bana

Batumi, Green Cape, Tamar Mepe Ave, 62 | Iberia St, 2

Price from
42,390 $
Price per m²
1,250 $ / m²