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AI Investment Summary

Red has a C investment grade. Projected rent is about $4,920 a year after taxes and maintenance costs, with renovation included in simple payback near 12 years once letting begins. A school and park are close by, and the shore is walkable. Delivery is indicated for 2028, so the wait before rental income matters.

64.4
Final score
64.4
60
Liquidity
60
Net yield
8.5%
Appreciation potential score
56/100
Exit score
42.6/100
Investment grade
C
ADR
41 $
Occupancy
61%
Annual net rent
4,923 $
Primary Strategy: Balanced

Overview

Red Key benefits: 490m to the sea. 26-storey residential tower. 7 high-speed elevators. Rooftop terrace with telescope area. Location: 30-32 Angisa St, Batumi. New Boulevard district, 15 min walk to Ardagani Lake, near Lech and Maria Kaczynski Park, 3 km from airport. Tech: Monolithic-frame (B25 concrete). Turkish pumice block walls. Brick, glass panels, aluminum composite facade. Energy-efficient double-glazed windows. Amenities: Children's development center, swimming pool, spa, fitness center, restaurant, cafe, chess club, rooftop terrace with telescope area, commercial spaces (dry cleaner, pharmacy, supermarket, coffee shop), underground parking for 500 cars, surface parking, 24/7 security, CCTV, reception. Units: Studios, 1-2-bedroom apartments (33– contact sales for max size). Finishes: black frame or white frame. Purchase terms: Mortgage from TBC Bank. Installment plans from 30% down.

Project details

Construction status· Under constructionDelivery· 2028

Finish options

Black frameWhite frame

Construction technology

Monolithic frame

Utilities

GasWaterElectricitySewerage

Elevators

Yes

Infrastructure

Children's playgroundSwimming poolSpaFitness centerRestaurantCafeCommercial areasRecreational areaTerrace

Parking

Underground

Security & Safety

CCTVSecurityReception
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
Angisa St, 30-32

Nearby travel times

Walk to sea
12 min
Walk to park
3 min
Walk to school
3 min
Nearest major mall
Grand Mall
Drive to mall
2 min
AB Development has projects in Batumi, including Red and Life Style. Public information about the company is still limited, so buyers should focus on the specific project: location, construction stage, layouts, payment terms and current availability. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated as additional information is confirmed.
More about the developer

Red

Batumi, Khimshiashvili, Angisa St, 30-32

Price from
39,780 $
Price per m²
1,070 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available

Installment from developer

Provider

AB Development

Terms

Installment available