Private Introduction · Georgia
First institutionally developed residential product in Old Tbilisi's heritage zone — 53 units near Narikala Fortress
53 premium residences in the historic heart of Old Tbilisi — the first institutionally developed residential product in the old city's heritage-sensitive zone, where previous housing stock consists almost entirely of unrenovated Soviet and pre-Soviet buildings. The development sits within walking distance of Narikala Fortress, the Abanotubani sulfur baths, and the Meidan bazaar — Old Tbilisi's most visited cultural landmarks. Three blocks (A, B, C) feature five residential floors above ground-level commercial space — a low-rise approach that preserves the district's architectural character. Residents enjoy a swimming pool, spa, fitness centre, restaurant, library, and business lounge. Tbilisi's international airport is approximately 20 minutes away. For buyers seeking heritage-zone exposure with year-round rental dynamics from cultural tourists and the digital-nomad community.
$101.4K – $431.7K
Price
Q3 2027
Completion
Payment Terms
15% downpayment • 0% interest plan over 45 months
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Why This Opportunity
01
Only 53 units in the heart of Tbilisi's historic centre — the first institutionally developed residential product in the old city's heritage-sensitive zone. Previous housing stock consists almost entirely of unrenovated Soviet and pre-Soviet buildings, meaning this project is establishing a new market category.
02
Located among Tbilisi's most visited cultural landmarks. Foot traffic from Narikala Fortress, the Abanotubani sulfur baths, and the Meidan bazaar ensures short-term rental visibility without paid advertising. The district receives tourists year-round.
03
As Georgia's capital and largest city, Tbilisi generates rental demand from business travellers, embassy staff, NGO workers, and a growing digital-nomad community. This diversified tenant base produces more consistent annual occupancy than seasonal resort markets.
04
Zero property purchase tax, zero capital gains tax on assets held 2+ years, and zero inheritance tax — a fiscal framework constitutionally protected under Georgia's Economic Liberty Act. For a heritage-zone capital-city asset, these protections directly enhance both income retention and exit value.
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