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AI Investment Summary

One is under construction in central Batumi and has a C investment grade. Estimated rent is about $5,270 a year after taxes and maintenance costs, with simple payback near 13 years once letting starts. Grand Mall and Heroes Alley add appeal to the location, while property management is planned. Rental income still depends on completion and the chosen unit's handover.

61.2
Final score
61.2
66
Liquidity
66
Net yield
8.3%
Appreciation potential score
45.4/100
Exit score
40.3/100
Investment grade
C
ADR
50 $
Occupancy
47%
Annual net rent
5,520 $
Primary Strategy: Balanced
AI Living Summary

One is taking shape near Heroes Alley and Grand Mall. Plans include coworking, a playground, parking and property management. The central location puts work, shopping and city life close together, with the seafront also within walking distance. Buyers should confirm the handover date of their chosen apartment.

88
Living score
88 / 100
Infrastructure
81/100
Building
90/100
Quietness
60/100
Cost
60/100
Move-in readiness
60/100
Mobility
95/100

Overview

One by One Development: family-oriented business-class apartments in Batumi

One is a residential project under construction by One Development at 29a Tbel Abuseridze Street in Batumi. The developer presents it as business-class urban housing with family layouts, leisure areas and professional property management. Plans include studios through three-bedroom homes, a gym, heated pool, playground and rooftop terrace. Official completion is targeted for Q4 2027. Until handover and fit-out, the amenities are planned rather than operating.

Khimshiashvili and Heroes Alley connections

One is in the Khimshiashvili district, among residential streets and Batumi's shopping and urban services. Grand Mall, Carrefour, cafés, fresh-produce shopping, gyms and Adjarabet Arena are nearby. Main roads provide connections towards Heroes Alley and the promenade.

Check the practical walking and transport routes to the coast and schools and kindergartens; journey times depend on traffic and the destination. Straight-line distance and walking time are not identical, and families should test the actual school and beach routes.

This is a more active city location than the quieter low-rise parts of Chakvi, offering convenience alongside potential traffic noise. Review the selected apartment's outlook, neighbouring towers and daylight before committing.

Building and planned facilities

The One concept focuses on year-round family life, with controlled access, concierge, common leisure areas and spaces to spend time outside the flat. The developer lists a fitness centre, restaurant, panoramic sky bar, rooftop terrace and heated swimming pool.

A children's playground and landscaped spaces are included for residents. Parking is provided and surface parking is planned; individual capacity and access terms require confirmation. A concierge service does not automatically make all commercial amenities free.

While the building is under construction, buyers should distinguish plans from operating facilities. Ask when the pool, terrace, restaurant and engineering systems will open, what rules apply and how service fees will be calculated. Some amenities may be introduced after the first homes are occupied.

Apartment layouts and finishes

One Development advertises 26 functional layouts from studios through homes with one, two and three bedrooms. Family layouts may include an ensuite master bedroom, walk-in closets, laundry space, storage rooms and, in selected apartments, broad terraces or several balconies.

A studio may suit one person, while extended residence by a couple or family often benefits from a separate bedroom and functional kitchen. Assess daylight, window direction, the relation of the entrance to living areas and whether a quiet workspace can be created. Headline area is not enough to judge usability.

Finishing packages and engineering specifications should be confirmed for the individual apartment. Interior renderings do not establish that furniture or all depicted materials are included. Handover of a partially finished home may still require further work and expenditure before occupation.

Developer: One Development

One Development develops several residential formats in Batumi. One is its family-oriented city scheme; Stay & Rent focuses on flexible residence and letting, and Sport City offers an extensive sports concept. Their locations, services and completion dates differ.

The company advertises River Rock as a management partner and TBC Bank financing for this project. Buyers should review the legal selling entity, current financing and management agreements, delivery obligations and individual facility rights. Management credentials do not guarantee rental income.

One Development also describes this as part of an urban housing renewal initiative. The specific property's permits and legal documents should take precedence over the terms of unrelated developments.

Year-round living and rental considerations

One is designed for families or professionals seeking city services, schools, shopping, sport and shared facilities nearby. For regular residence, acoustics, heating, lift reliability and common fees remain important.

For potential letting, consider layouts suited to long-term city housing. No tenant income can arise before the building is completed and the apartment prepared. Purchase cost, management commissions, furniture, renovation and real demand will determine the eventual result.

Strengths include urban convenience, family layouts and diverse shared amenities. The main considerations are the late-2027 target, operating terms and service charges.

Frequently asked questions

When is One due for completion?

One Development's official target is Q4 2027. Confirm the contractual date for the selected apartment.

What apartment layouts are offered?

The developer lists 26 options, from studios to one-, two- and three-bedroom family homes, with selected wardrobes and terraces.

Will the building have a pool and management?

A heated pool, concierge and River Rock management are advertised. Opening times, fees and rental conditions require confirmation.

Project details

Construction status· Under constructionDelivery· 2026Area range· 31.6-182.8 m²

Finish options

Black frameGreen frameTurnkey

Construction technology

Monolithic frame

Utilities

WaterElectricitySewerageHeating system

Elevators

Yes

Infrastructure

BarSwimming poolRestaurantChildren's playgroundFitness centerCoworking

Parking

Ground level

Security & Safety

Reception
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
Tbel Abuseridze St, 29a

Nearby travel times

Walk to sea
26 min
Walk to park
1 min
Walk to school
3 min
Nearest major mall
Grand Mall
Drive to mall
4 min

One Development develops residential and serviced property in Batumi. Its portfolio addresses different forms of living, from city apartments and branded residences to low-rise suburban homes.

One represents its urban residential business, Stay & Rent its rental-oriented housing, and Sport City a mixed-use residential format. Ramada Residences belongs to its branded property business. Home in Gonio extends the company's specialization to townhouses.

Services are a distinct part of the developer's business model: One Development names River Rock as its property management partner. Project development and subsequent management serve different functions within this model: the company creates the residential product, while the management partner handles operations and rental services.

More about the developer

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One

Batumi, Khimshiashvili, Tbel Abuseridze St, 29a

Price from
66,660 $
Price per m²
1,960 $ / m²

Financing

Installment from developer

Provider

One Development

Terms

Installment up to 48 months; down payment from 20%

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