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AI Investment Summary

Dream Side has a B investment grade. The model projects about $6,650 a year in rent after taxes and maintenance costs, with renovation included in simple payback near 8.5 years once letting begins. The building is complete, so a buyer can inspect the apartment. The beach is not on the doorstep, and actual rental demand and unit condition will matter in this quieter Chakvi location.

72.1
Final score
72.1
68.4
Liquidity
68.4
Net yield
11.7%
Appreciation potential score
63.9/100
Exit score
44.2/100
Investment grade
B
ADR
60 $
Occupancy
42%
Annual net rent
6,650 $
Primary Strategy: Balanced
AI Living Summary

Dream Side is a completed building in a quieter part of Chakvi, with a listed playground and underground parking. The recorded walk to the beach is around 35 minutes, so a car would make frequent seaside trips and daily errands easier. Buyers can view the apartment and its surroundings before deciding.

70
Living score
70 / 100
Infrastructure
49/100
Building
76/100
Quietness
60/100
Cost
60/100
Move-in readiness
100/100
Mobility
45/100

Overview

Dream Side in Chakvi: seaside apartments, resort facilities and rental management

Dream Side is an apartment development by Reside Development at 12–12a Batumi Street in Chakvi, north of Batumi. It is aimed at coastal holidays and possible letting through the Reside Rentals property-management service. The developer describes a twelve-storey building approximately 50 metres from the beach, and HomeRadar records completion in 2024. Yet DreamSide's official construction timeline extends to an expected commissioning milestone in Q3 2026. The difference between completion of the main structure and legal readiness should be resolved against the specific apartment's records before purchase.

Location in Chakvi and practical journeys

The property stands on Batumi Street in resort-oriented Chakvi near Dreamland Oasis. Chakvi is known for a quieter atmosphere, greenery and access towards the Botanical Garden and Mtirala National Park. This is different from an apartment in a dense Batumi neighbourhood near Heroes Alley: beach visits and holidays are central, while daily school or work journeys may require a vehicle.

The official DreamSide project page places the shore at about 50 metres. However, HomeRadar's route results indicate about 35 minutes on foot to its selected coastal point, 59 minutes to a mapped park and 228 minutes to a school. Grand Mall is approximately a fourteen-minute drive. Direct distance, an accessible beach entrance and a map endpoint can give very different results. Buyers should not uncritically promise a fifty-metre walk or assume the property is far from the water without inspecting access.

For permanent living, examine groceries, pharmacies, public transport and school arrangements along your own routes. The area can be much busier in summer, while visitor-oriented businesses may have different opening hours in winter. Families should check lighting, crossings and the practical walk to the coast with children.

Architecture, communal spaces and facilities

Reside Development describes DreamSide as a twelve-storey apartment building with modern glazing and balconies. Its project materials list an outdoor pool and spa, restaurant and bar, hotel-style reception, rooftop bar, security, CCTV, fire protection, lifts and a children's playground. The website also advertises open parking for owners and visitors. HomeRadar, by contrast, records underground parking. The physical location and legal rights relating to parking must therefore be confirmed rather than taken from one project overview.

A key question is which amenities are open rather than simply proposed. The developer's construction schedule refers to façade, mechanical and landscaping work into 2026 even though other materials state 2024 completion. Before relying on a pool, restaurant or rooftop bar, ask whether each is operating, who manages it and whether access is covered by the owner's service charge.

Apartment-building comfort also depends on separating residents from hotel guests and restaurant visitors. Inspect lifts, corridors, cleaning standards, reception operations and access to parking. In a property used for short stays, sound insulation may be just as important as the view of the Black Sea.

Apartment layouts, furniture and handover condition

Published Dream Side offers include compact studios beginning at around 33 m² and other apartment configurations. Registered area, balcony, room proportions and kitchen position should be checked for the specific unit. A small studio can be suitable for a couple's holiday, while longer occupation will place more demands on storage, cooking space and the division of sleeping and living areas.

In an article about the project, the developer described kitchenettes, washing machines and electronic door locks that support remote access control. These can be useful for short-term letting, but they should not be assumed to be fitted in every resale apartment. Claimed sea views also require checking from the specific floor: orientation, neighbouring buildings and glazing can affect the outlook.

Handover options mentioned for Dream Side include white frame, renovated. Confirm which work is complete and whether the price includes fitted bathrooms, a kitchen, furniture and appliances. For an existing apartment, an inspection of the actual unit is essential.

Reside Development and the Reside Rentals service

Dream Side forms part of Reside Development's apartment portfolio in Batumi and Chakvi. The company also offers the Reside Rentals service, which markets guest booking management, access control and accounting for property owners. Its materials mention electronic locks, booking calendars and reporting. Availability within the developer group does not establish that all owners must use it or receive identical contractual arrangements.

Other projects include Dream Residence, a separate Chakvi scheme with a hospitality-oriented fit-out, and Breeze Chakvi, which is also positioned for everyday use in central Chakvi. The smaller urban DEST // Corner in Batumi illustrates a different residential model. Their locations, size, delivery schedules and management conditions vary; financial projections from one development should not be transferred to another.

Before purchasing, obtain evidence of title or assignment rights, the final commissioning position, current rental rules and compulsory charges. A management agreement should clearly define commission, cleaning and maintenance responsibilities, furniture damage, days reserved for personal stays and how the arrangement may be terminated.

Personal stays and potential rental use

Dream Side may appeal to owners seeking an apartment for seasonal holidays and repeat visits to Chakvi. Its chief attractions are coastal access, resort facilities and a professional management concept. For permanent residence, public transport, winter heating, off-season shops and nearby healthcare may matter more.

Short-stay rental prospects depend on legal apartment readiness, finishing, views, the length of the high season, management fees and competing accommodation in Chakvi. Reside Rentals offering management is not a guarantee of reservations or fixed revenue. Promotional projections need to be distinguished from actual receipts, while the cost of maintaining pools and shared areas should be considered separately.

The central due-diligence questions are why 2024 completion and a 2026 commissioning stage appear in different records, what the practical beach access is like and which facilities actually operate. The status of a particular unit can be established through registration records, a physical inspection and current contracts. These checks are more useful than relying solely on renderings or income claims.

Frequently asked questions about Dream Side

Is Dream Side completed or still awaiting commissioning?

Verify legal commissioning, registered ownership and lawful usability for the particular unit.

How close is Dream Side to the beach?

Reside Development advertises approximately 50 metres, whereas HomeRadar's mapped walking estimate is considerably longer. Check the actual entrance and pedestrian access, especially if travelling with children or luggage.

Must apartments be rented through Reside Rentals?

A management service is offered, but whether participation is compulsory, its fees, owners' personal-use rights and termination rules should be established individually. A management programme does not guarantee bookings.

Project details

Construction status· CompletedDelivery· 2024Area range· 30.8-51.7 m²

Finish options

White frameTurnkey

Construction technology

Monolithic frame

Elevators

Passenger

Infrastructure

Fitness centerRecreational areaChildren's playground

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
Chakvi Batumi St, 12

Nearby travel times

Walk to sea
35 min
Walk to park
59 min
Walk to school
228 min
Nearest major mall
Grand Mall
Drive to mall
14 min

Reside Development is a Georgian development and partnership company founded in 2021. It works with residential and apartment property in Batumi and Chakvi, combining its own projects, marketing for partner developments and subsequent management. Sulkhan Palavandishvili is its founder and CEO.

Development in Chakvi and Batumi

The company's development business in Chakvi is represented by DreamSide. Its portfolio also includes Dream Residence Chakvi. They represent its serviced apartment business on the Black Sea coast. Expansion into Batumi continues this specialization and adds urban housing to its resort formats.

The portfolio it presents also includes Breeze Chakvi, DEST // Asatiani, DEST // Corner and Reside SELECT. These projects illustrate the geography of its development and partnership work: Chakvi and central residential areas of Batumi.

Partner developments

Alongside its own development activity, the company promotes property by other developers. Reside Management handles project positioning, marketing, sales and client support.

Riverside New Boulevard on Angisa Street in Batumi provides a specific example. Real Palace is its developer, while Reside presents it in its partner portfolio and offers sales and management services.

Management and company profile

Reside Rentals handles property management, including reservations, guest communication, cleaning and operational tasks. It is a separate business complementing development and sales.

Reside's model combines property development, promotion of partner projects and ongoing services. It specializes in residential and serviced apartment formats in Batumi and Chakvi. Its own projects, Reside Management and Reside Rentals form different parts of this model, connecting development with commercial support and property operations.

More about the developer

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Dream Side

Batumi, Green Cape, Chakvi Batumi St, 12

Price from
39,100 $
Price per m²
1,150 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; term up to 15 years; down payment 30%

Installment from developer

Provider

Reside Development

Terms

Installment up to 6 months; down payment 30%

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