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AI Investment Summary
60.1
Final score
60.1
60
Liquidity
60
Net yield
15.7%
Capital growth
39.3
ADR
$132
Occupancy
39%
Annual net rent
$14,093
Primary Strategy: Rent Core

Overview

Batumi Tower (REDCO) Key benefits: Seafront location (first line). 35-storey tower. Casino, indoor and outdoor pools. Fully furnished. Location: 6 Egnate Ninoshvili St, Batumi. Near Wedding Palace, Batumi Boulevard, Drama Theater, Apollo Cinema, circus, 2 km from airport. Tech: Monolithic-frame (high-tech style). Panoramic glazing. 3 passenger + 1 freight elevator. Amenities: Casinos, indoor and outdoor pools, fitness and spa centers, restaurants, underground parking, guest parking spaces, landscaped territory with lawns, ornamental plants, trees, wide driveways, pedestrian paths, street lighting. Units: 1-3-bedroom apartments (67.5–235.3 m²). Fully furnished. Purchase terms: Mortgage or installment available.

Project details

Sales status· Sold outArea range· 67.5-235.3 m²

Finish options

Fully furnished

Construction technology

Monolithic frame

Utilities

ElectricityWaterSewerageGas

Elevators

Passenger

Infrastructure

CasinoSwimming poolFitness centerSpaRestaurant

Parking

Underground

Security & Safety

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

Old Town: Historic Charm in the Heart of Batumi

Batumi’s Old Town is one of the city’s most distinctive and atmospheric districts, known for its narrow cobblestone streets, 19th-century architecture and proximity to the seaside boulevard. The area is home to the port, Europe Square, popular restaurants, cafés and souvenir shops, creating a lively urban atmosphere throughout the day and evening.

Pros: Excellent walkability, with major attractions, restaurants and the waterfront close by; a unique historic atmosphere; sea, city and mountain views from selected properties; and strong demand for short-term rentals due to the central location.

Cons: Street noise can be noticeable, particularly in the evening and during the tourist season. Parking is limited, property prices are generally among the highest in Batumi, and many older buildings may require renovation or additional maintenance.

Who it suits: Investors focused on short-term rental demand in central Batumi; international buyers and expats who value historic architecture and an authentic urban atmosphere; and younger residents who prefer a walkable lifestyle without relying on a car.

City
Batumi
District
Old Batumi
Address
Egnate Ninoshvili St, 6
REDCO is a Georgian real estate developer with market history since 2012 and 6 completed projects and 4 current projects visible in the portfolio. On HomeRadar, the developer is represented by projects such as Batumi Tower and Bamboo Beach Tsikhisdziri. The portfolio gives buyers exposure to the Airport area, which can work for a more specific location-led search. For buyers, the key is to compare the exact project, price per square metre, construction stage and rental or resale scenario.
More about the developer

Batumi Tower

Batumi, Old Batumi, Egnate Ninoshvili St, 6

Price from
$90,000
Price per m²
$2,000 / m²

Financing

Mortgage

Bank

Bank of Georgia

Terms

Investment loan / simplified mortgage; down payment 10%

Installment from developer

Provider

REDCO

Terms

Interest-free installment; up to 50 months; down payment 10%