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AI Investment Summary

City Park is complete. Modelled rent is about $9,110 a year after taxes and maintenance costs, yet simple payback is close to 26 years. Orbi Group has 14 completed projects, and buyers can inspect this building now. The neighbourhood is practical for daily life, but the projected rental return is modest for an investor seeking faster payback. The particular apartment and achievable demand matter.

57
Final score
57
46.4
Liquidity
46.4
Net yield
3.9%
Appreciation potential score
48.5/100
Exit score
46.1/100
Investment grade
C
ADR
70 $
Occupancy
54%
Annual net rent
9,110 $
Primary Strategy: Balanced
AI Living Summary

City Park is a finished building with useful daily routes: a park about three minutes away on foot, a school around two and a kindergarten around one. The shore is roughly 13 minutes away, and the project has ground-level parking. It may suit a family who values a central routine. The actual apartment can be viewed before buying.

71
Living score
71 / 100
Infrastructure
79/100
Building
74/100
Quietness
60/100
Cost
60/100
Move-in readiness
60/100
Mobility
65/100

Overview

City Park by Orbi Group in Batumi: completed Gorgiladze Street apartments and parking

City Park is a completed residential development by Orbi Group at 90 Zurab Gorgiladze Street in central Batumi. The building has 15 floors and approximately 150 apartments and was completed in 2015. Unlike large seaside aparthotels, City Park primarily serves everyday urban living. Its principal attractions are access to schools, parks, shops and extensive multi-level parking. Developer inventory is sold out, so buyers should assess individual resale offers and inspect the condition of each property.

Location and surroundings

The complex is in Downtown Batumi, near Gorgiladze Street and everyday city services. The Dolphinarium, zoo, House of Justice, Archaeological Museum and walking routes around Nurigeli Lake are nearby. This setting may suit people spending working weeks as well as holidays in Batumi, with regular journeys to schools, shops and public institutions.

HomeRadar pedestrian routes indicate around thirteen minutes to the sea, three minutes to the nearest park and two minutes to a school. The drive to Grand Mall is estimated at roughly six minutes. Marketing materials also refer to proximity to the shore, but the route from the particular entrance should be checked in person. For families, lighting, safe crossings and the actual path to school can be more important than a short map distance.

Gorgiladze Street is a busy city route, so traffic noise can depend on the hour, floor and window orientation. The neighbourhood is well established, though alterations and construction on individual sites may still occur. Compare street-facing and courtyard-facing apartments for natural light, ventilation and comfort with open windows.

Architecture and building amenities

City Park is a completed 15-storey building with lifts and landscaped grounds. For buyers of an existing apartment, the current condition of entrances, lifts and common areas matters more than the original construction specifications.

A defining feature is the arrangement of commercial uses across the lower four floors and substantial multi-level above-ground parking designed for approximately 400 vehicles. Orbi Group highlights convenient parking and proximity to schools, shops and restaurants. Nevertheless, the existence of a large garage does not establish that a space is included in an apartment's price or always available to every owner.

Permanent residents should examine how occupants and commercial visitors share entrances and lifts, the potential for peak-time congestion, noise and courtyard access. Ask who manages the building, what recurring charges apply and whether substantial communal repairs have been completed. Swimming pools and hotel services advertised at other Orbi projects should not automatically be attributed to City Park.

Apartment layouts and finishing options

HomeRadar lists one-, two- and three-bedroom apartments of approximately 45.42–103.66 m². The range can accommodate a compact city home, a property for a couple or more spacious family accommodation. Useful space still depends on room proportions, corridors, balconies and structural walls. The exact registered area of the apartment must match the transaction documents.

The original developer specification referred to white-frame handover with flexibility in internal layouts. In a finished building, this is historical information, not the present condition of every resale property. One owner may have completed a high-quality renovation and installed heating, while another unit may remain partly unfinished. Comparing listings solely by their price per square metre may therefore be misleading.

During inspection, check moisture, sound insulation, heating, windows, bathrooms and balcony condition. Families may focus on bedrooms, storage and safe school access. For rental use, kitchen equipment, guest check-in arrangements and clear maintenance fees deserve attention. Similar floor plans on different levels can have significantly different outlooks and noise exposure.

Developer: Orbi Group

City Park was developed by Orbi Group, a Georgian company operating since 1998. Its portfolio includes conventional housing and major hospitality-oriented apartment properties in Batumi. The developer's official website describes City Park as an urban residence with multi-level parking, coastal access and proximity to everyday amenities.

Useful comparisons include Orbi Boulevard, also completed in 2015 but arranged across two smaller buildings, and Orbi Old Batumi in the historic centre near Piazza Square. These properties suit different preferences: City Park is associated with a busy street and large parking provision, while Old Batumi offers a lower-rise historic neighbourhood.

The developer's track record provides context, but for a completed apartment the seller's documents, interior condition, potential debts and building-management rules remain decisive. Registered ownership and any internal alterations should be checked before purchasing.

Living and rental potential

City Park may suit buyers seeking an existing home for year-round living in Batumi. Nearby schools, parks and city offices reduce the need for a car on some everyday routes. The parking provision can be an advantage for drivers if the right to use a specific space is established. Commercial premises nearby also make noise and entrance security worth checking.

For possible rental use, the location may attract people seeking longer stays in the city as well as summer visitors. Results depend on the actual unit's layout, renovation, service costs and contractual terms. Promotional figures should not replace a calculation based on the real purchase price and operating expenses.

The main strengths are completed construction, established neighbourhood services and substantial parking. Important limitations are the building's age, traffic along Gorgiladze Street and the predominance of resale transactions. Before purchasing, assess the engineering systems and ask what major maintenance work has already been carried out.

Frequently asked questions about City Park

When was City Park completed?

The development was completed in 2015 and is part of Orbi Group's finished portfolio. Buyers can inspect apartments, lifts and communal areas and request property registration and building-maintenance records.

How many apartments are there, and is parking available?

The property has approximately 150 apartments across 15 floors. Multi-level above-ground parking was planned for roughly 400 vehicles. The right to use a particular space and any related charges must be confirmed separately.

What apartment sizes and finishes are available?

HomeRadar lists one- to three-bedroom apartments of approximately 45.42–103.66 m². The initial handover condition was white frame, but individual resale apartments may now have very different levels of finishing and equipment.

Project details

Construction status· CompletedArea range· 45.42-103.66 m²

Finish options

White frame

Construction technology

Monolithic frame

Elevators

Passenger

Parking

Ground level
Layouts
Layouts are not published for this project yet.
Location

Downtown Batumi: Where Modern Resort Living Meets Smart Investment

This district stretches along Batumi’s waterfront promenade, beginning near the Batumi Lighthouse. It is defined by sleek glass-and-steel architecture, European-style pedestrian boulevards, cycle paths, and a wide selection of beachfront cafés and restaurants. This is one of the city’s most sought-after locations for purchasing studios and apartments for rental income.

Pros: Panoramic sea views from many apartments, particularly on the upper floors; modern residential complexes with swimming pools, gyms, and concierge services; one of the city’s most popular and well-developed promenades; and strong tourist demand, especially during the main travel season.

Cons: Some of the highest property prices in Batumi; relatively dense development, with buildings often located close together; windy conditions during the winter months; and possible elevator waiting times in larger complexes during the peak summer season.

✅ Who it suits: Medium- and long-term investors focused on rental income and property value growth; international digital nomads and remote professionals who value modern amenities; and buyers who appreciate contemporary architecture, rooftop terraces, resort-style facilities, and the energy of a vibrant waterfront community.

City
Batumi
District
Downtown
Address
Zurab Gorgiladze St, 90

Nearby travel times

Walk to sea
13 min
Walk to park
3 min
Walk to school
2 min
Nearest major mall
Grand Mall
Drive to mall
6 min

Orbi Group is a Georgian developer and construction holding specializing in apartment, hospitality and mixed-use property. Batumi is its principal market; its portfolio also includes projects in Tbilisi and Bakuriani. The group combines development, construction processes and subsequent hotel management.

Batumi experience and residential portfolio development

Orbi Sea Towers is one of the group's completed seaside projects. Its Batumi range also includes Orbi Plaza, Orbi Residence and Orbi Beach Tower. These represent its main specialization: apartment property associated with seaside living and tourism use.

Its portfolio also extends beyond large high-rise complexes. Orbi Marjanishvili and Orbi Old Batumi demonstrate the group's work on urban residential buildings in Batumi's historic district. This is a separate line within its broader housing business.

Large complexes and other markets

Orbi City, Avenue by Orbi, Avant-garde by Orbi, Comfort by Orbi and Orbi Continental represent large apartment and mixed-use formats. Orbi Millennium continues its seaside business, while Orbi City Mall adds commercial property to the portfolio.

Outside Batumi, the group is represented by Central Park Towers in Tbilisi and Orbi Bakuriani in Bakuriani. It combines urban and resort markets while retaining a clear focus on property with a service component.

Production and operations

Orbi Group describes its business as a full cycle, from production and construction through to hotel management. Development and property operations are connected within its holding structure. Commercial premises and hospitality functions complement the residential component in several projects.

Developer profile

The group's investment specialization centers on apartments and hospitality property. Large complexes and urban residential buildings form different parts of its own portfolio. The completed Orbi Sea Towers provides a specific example of delivered construction, while subsequent projects show its expansion across residential, service and commercial property.

More about the developer

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City Park

Batumi, Downtown, Zurab Gorgiladze St, 90

Price from
235,200 $
Price per m²
2,980 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 10%

Installment from developer

Provider

Orbi Group

Terms

Interest-free installment; up to 60 months; down payment from 10%

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