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AI Investment Summary
55.9
Final score
55.9
50
Liquidity
50
Net yield
77.2%
Capital growth
17.5
ADR
$74
Occupancy
57%
Annual net rent
$11,586
Primary Strategy: Rent Core

Overview

Mega Palace Key benefits: 100m to the sea. 31-storey hotel and residential complex. Casino on floors 1-5. Restaurant on 13th floor. Location: 111 Zurab Gorgiladze St, Batumi. New Boulevard district, near Dancing Fountains, McDonald's, House of Justice, Aquapark. Tech: Monolithic-frame. Original architectural design. Amenities: Private swimming pool, solarium, beauty salon, fitness club, children's entertainment center, nightclub, covered parking, courtyard parking, concierge service 24/7, bank branches. Units: Studios, 1-3-bedroom apartments (30.2–110.3 m²). White frame finish. Purchase terms: Discount for full payment.

Project details

Sales status· Sold outArea range· 30.2-110.3 m²

Finish options

White frame

Construction technology

Monolithic frame

Elevators

Passenger

Parking

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

Khimshiashvili District: Authentic Seaside Living at Accessible Prices

Located between Batumi’s Old Town and New Boulevard, Khimshiashvili is a calm, well-established neighbourhood with a genuine local character. Away from the busiest tourist areas, it is known for its open-air markets, family-run cafés serving local cuisine, public schools and convenient access to everyday services.

Pros: Proximity to the sea, with the beach within walking distance from many parts of the neighbourhood; a peaceful, unhurried residential atmosphere; fresh produce at accessible prices in local markets; and generally more affordable property options than in Batumi’s premium resort districts.

Cons: Much of the area consists of older apartment buildings and private houses, with fewer modern residential developments. The choice of leisure and resort-style amenities is also more limited, as this is primarily a residential neighbourhood rather than a tourist district.

Who it suits: Local residents and international buyers looking for their first home in Georgia at a reasonable price; practical buyers who want to live within walking distance of the sea without paying a premium for a resort location; and families with school-aged children who value access to nearby schools and kindergartens.

City
Batumi
District
Khimshiashvili
Address
Zurab Gorgiladze St, 111
Real Palace is a Georgian real estate developer founded in 2011. The company states that it has completed 12 projects in Tbilisi and Batumi and focuses on residential and hotel-type developments. The most notable project in the portfolio is Black Sea Towers, which stands out for its location and investment profile. The portfolio is focused on liquid Batumi locations such as Green Cape, the Khimshiashvili corridor, and Heroes Alley. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
More about the developer

Mega Palace

Batumi, Khimshiashvili, Zurab Gorgiladze St, 111

Price from
$15,000
Price per m²
$1,796 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 30%

Installment from developer

Provider

Real Palace

Terms

0% installment; up to 18 months; down payment from 30%