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AI Investment Summary

Dar Tower has a B investment grade. The model projects about $6,090 a year in rent after taxes and maintenance costs, with renovation included in simple payback around 9.7 years. The building is complete, and Dar Building has four completed projects. A nearby park and transit stop add everyday appeal. Buyers can inspect a unit before committing.

74.9
Final score
74.9
50
Liquidity
50
Net yield
10.4%
Appreciation potential score
60.5/100
Exit score
33.8/100
Investment grade
B
ADR
45 $
Occupancy
57%
Annual net rent
6,094 $
Primary Strategy: Rent Core

Overview

Dar Tower Key benefits: 390m to the sea. Two towers (22-35 floors). 5-star hotel within complex. Outdoor pool on terrace. Location: 8 Zhiuli Shartava Ave, Batumi. Central district, near Batumi Naval College, dolphinarium, zoo, 4 km from airport. Tech: Monolithic-frame (high-tech style). Amenities: Commercial areas, closed territory, casino, restaurants, nightclubs, bowling halls, fitness and spa center, kindergarten, playgrounds, recreation terraces, outdoor pool, underground parking, security, CCTV. Units: Studios, 1-2-bedroom apartments (30–68 m²). Finishes: black frame or fully furnished. Purchase terms: Interest-free installment after down payment.

Project details

Construction status· CompletedDelivery· 2019Area range· 30-68 m²

Finish options

Black frameFully furnished

Construction technology

Monolithic frame

Utilities

ElectricityWaterSewerageGas

Elevators

Passenger

Infrastructure

Commercial areasCasinoRestaurantNight clubSports groundFitness centerSpaKindergartenChildren's playgroundRecreational areaTerraceSwimming pool

Security & Safety

Closed territorySecurityCCTV

Parking

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

Heroes Alley District: Batumi’s Modern Residential and Business Center

Heroes Alley is one of Batumi’s most rapidly developing central areas, centered around Zhiuli Shartava Avenue and the surrounding streets. The area features modern high-rise residential complexes, commercial spaces, sports facilities, and other urban amenities. Located between Batumi’s historic center and the southern part of the city, the district combines convenient access to the seafront with well-developed urban infrastructure.

Advantages: modern development and a wide selection of new residential complexes; a convenient location in relation to the city center, New Boulevard, and major urban roads; shops, supermarkets, cafés, schools, and other everyday services are located nearby. The district is also home to a major football stadium, while the seafront and beach are within walking distance from many parts of the area. Heroes Alley is developing as a business and commercial hub as well, helping maintain activity throughout the year rather than only during the summer season.

What to consider: the area is still undergoing active development, so construction work may be taking place near some residential complexes. Main roads can experience heavier traffic and increased noise levels during peak hours. The density of high-rise development is gradually increasing, so buyers should consider the location of neighboring and planned projects, as these may affect future views from an apartment.

✅ Who it suits: buyers who want to live in a modern part of Batumi close to the city center and the sea; investors considering property for long-term or short-term rental; families and professionals who value well-developed urban infrastructure; and buyers who prefer new residential complexes in a rapidly developing part of the city.

City
Batumi
District
Heroes Alley
Address
Zhiuli Shartava Ave, 8

Nearby travel times

Walk to sea
14 min
Walk to park
1 min
Walk to school
10 min
Nearest major mall
Grand Mall
Drive to mall
2 min
Dar Building is a Batumi developer whose official materials say it has been active since 2006. The company develops multifunctional residential complexes, hotels, and apart-hotels, including the large-scale Dar Tower project. On HomeRadar, the developer is represented by projects such as Dar Tower, Prestige House, Dar Twins, and Zurab Gorgiladze St, 92-94. The portfolio has a clear focus on Heroes Alley, one of the more recognizable Batumi search locations. This profile suits buyers who want several options under one developer and prefer to compare price, format and completion stage before choosing.
More about the developer

Dar Tower

Batumi, Heroes Alley, Zhiuli Shartava Ave, 8

Price from
40,820 $
Price per m²
1,300 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment 30%

Installment from developer

Provider

Dar Building

Terms

0% installment; down payment 30%