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AI Investment Summary
61.1
Final score
61.1
100
Liquidity
100
Net yield
6.7%
Capital growth
66.7
ADR
$74
Occupancy
57%
Annual net rent
$11,586
Primary Strategy: Balanced

Overview

Key benefits: 500m to the sea. Two 35-storey towers. 14 penthouses available. Underground parking.

Location: 19-23 Tbel Abuseridze St, Batumi. Near Heroes Alley, Dancing Fountains, House of Justice, 10 min from airport.

Tech: Monolithic-frame. Brick exterior walls. Floor-to-ceiling panoramic windows. Open balconies with tempered glass railings.

Amenities: Landscaped courtyard, walking paths, multi-level outdoor lighting, underground parking, 24/7 security, concierge service.

Units: Studios, 1-3-bedroom apartments (32.5–184.3 m²). Black frame finish.

Purchase terms: Mortgage from TBC Bank. Installment plans from 15% down.

Project details

Sales status· AvailableDelivery· 2027Area range· 32.5-184.3 m²

Finish options

Black frame

Construction technology

Monolithic frame

Elevators

Yes

Parking

Underground

Security & Safety

CCTVReception
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, 19-23
Metropol has projects in Batumi, including Oval, Cube and The Parallel. 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

The Parallel

Batumi, Khimshiashvili, Tbel Abuseridze St, 19-23

Price from
$52,000
Price per m²
$1,600 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 15%

Installment from developer

Provider

Metropol

Terms

Installment available