Rainbow

AI Investment Summary

Rainbow is complete and has a B investment grade. The model estimates about $5,160 a year in rent after taxes and maintenance costs. Including renovation, simple payback is close to 10 years. Buyers can inspect a finished apartment, and the shore is within walking distance. Elt Building has four completed projects. The actual rental result will depend on the unit's finish and occupancy.

72.1

Final score

72.1

Liquidity

Net yield

9.9%

Appreciation potential score

56/100

Exit score

47/100

Investment grade

ADR

43 $

Occupancy

61%

Annual net rent

5,164 $

Primary Strategy: Balanced

Overview

Rainbow Key benefits: 100m to the sea. 15-storey L-shaped building. Colored horizontal balconies. Rooftop terrace with pool and summer cinema. Location: 6 Adlia Street, Batumi. Airport district, near Lech and Maria Kaczynski Park, 3 km from airport. Tech: Monolithic-frame. Reinforced concrete frame. Energy-saving double-glazed windows. Black panoramic glazing at corners. Amenities: Rooftop landscaped veranda, swimming pool, jacuzzi, summer cinema, cafe-bar, children's playground, recreation areas, underground parking, guest parking, 24/7 security, CCTV, concierge. Units: Studios, 1-bedroom apartments (23.2–78.7 m²). Ceilings 3m. Black frame finish. Purchase terms: Interest-free installment up to 3 years with 30% down. Discount for full payment.

Project details

Construction status· CompletedDelivery· 2024Area range· 23.2-78.7 m²

Finish options

Black frame

Construction technology

Monolithic frame

Elevators

Passenger

Parking

Underground

Security & Safety

SecurityCCTVReception

Infrastructure

On-site child amenity

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

Adlia Street, 6

Nearby travel times

Walk to sea

7 min

Walk to park

38 min

Walk to school

15 min

Nearest major mall

Metro City Forum AVM

Drive to mall

5 min

Elt Building

ELT Building is a Georgian real estate development company operating since 2017. The company primarily focuses on residential and investment-oriented developments in Batumi.

The developer’s portfolio includes seven completed projects: Sunrise, Rainbow, La Quinta by Wyndham, Sunset, Optima Residence, Compact House, and Marina Club. ELT Building is currently developing two projects in Batumi — OXY Residence and Status House.

The company delivers a range of property formats, from residential complexes designed for permanent living to apart-hotels and investment properties. ELT Building also cooperates with international hospitality brands, strengthening its experience in the development and management of tourism and hotel-oriented real estate.

More about the developer