Project Information
This project is considered an unprecedented initiative that embodies an innovative vision in the field of tourist real estate in the Black Sea region of Georgia. The location is distinguished by its proximity to the luxurious Paragraph Hotel, as the project spans a vast area of 40,000 square meters and benefits from the unique local climate, making it an ideal destination for both visitors and investors. The project features a private sandy beach extending 1,200 meters and a pine forest with towering trees reaching heights of 30-35 meters, enhancing the area's appeal and providing a stunning natural environment. The project is surrounded by a wide variety of recreational and cultural facilities, including an amusement park and the Black Sea Square, which is a major venue for concerts, as well as unique gardens that include a tree garden, a musicians' garden, and communal social areas, promising much for visitors and residents alike.
Due to the ambitious scale of the development, the developing company has chosen to implement the project in phases, consisting of five execution stages, allowing for gradual and organized development. Currently, the first phase of this project is witnessing active progress, which includes one building consisting of 11 floors on a plot of land measuring 5,500 square meters. The residential units have been designed to meet diverse needs, with various types of apartments available in the project ranging from 1+0 to 2+1, and it also includes penthouse units in a 3+1 layout, with apartment sizes ranging from 43 square meters to 385 square meters for the penthouses, ensuring that all units are delivered fully furnished and equipped. During the initial phase, residents will enjoy a range of luxurious amenities, including indoor and outdoor swimming pools with filtered seawater, a fitness center, sports courts, children's play areas, a business lounge, a spa and wellness center, in addition to a variety of dining options including cafes, bars, and restaurants.
Social Services :
- 24/7 security and surveillance cameras
- Sauna - outdoor pool - gym and health center
- Gardens, green spaces, and walking paths
- Café and restaurant
- Guest reception area and business lounge
- Smart home system
- Children's playgrounds
- Parking spaces
- Basketball, football, and tennis courts
- Cleaning service
Location Features :
The complex is strategically located, as the project :
- Is 3 minutes away from the bus station
- The nearest highway is 3 minutes away
- Directly on the Black Sea
- Is 50 minutes from Batumi Airport
- Hospitals, schools, universities, and markets are within 10 to 20 minutes.
Rooms & Prices
| Patterns |
Rooms |
Lounges |
Area |
price |
Floor Plans |
|
Flat
|
1 |
0 |
43
- 68 m²
|
144,755
-
191,050
usd
|
|
|
Flat
|
1 |
1 |
74
- 263 m²
|
223,473
-
436,488
usd
|
|
|
Flat
|
2 |
1 |
104
- 163 m²
|
365,429
-
514,371
usd
|
|
|
Penthouse
|
3 |
1 |
188
- 385 m²
|
666,485
-
1,157,400
usd
|
|
note:
These prices do not include discounts 3%
Latest price update
03-12-2024
Why this Project
The project is designed to be an exciting investment opportunity, allowing investors to enjoy their residential units for one month each year while the international management company handles the rental operations for the rest of the year. Expected rental prices range from $120 to $300 per night, depending on the size of the apartment, the view, and the floor level. The distribution of rental income is based on a dedicated scheme, where the property owner receives 60% of the profits after deducting utility and service fees, while the management company takes the remaining percentage. To ensure fairness in distribution, a specific coefficient will be assigned to each apartment upon purchase, ensuring accurate and equal income distribution among all apartments, with revenues paid out every six months.
The real estate market in Georgia is one of the few markets in the region that is characterized by stability and continuous growth. With relatively low costs compared to other countries, investors can benefit from high returns ranging between 10-15% annually. Additionally, the value of properties in Georgia is continuously increasing, providing good opportunities for future revenue growth. Therefore, investing in real estate in Georgia is considered an ideal option for investors seeking higher profits and securing their investments.
Advantages of Real Estate Investment in Georgia
Georgia boasts several advantages that make it an attractive destination for real estate investment :
- Strategic Location : Georgia is situated between Europe and Asia, making it a vital connection point. This feature facilitates the import and export of products, as well as attracting tourists and investors from various countries.
- Stunning Nature : The diverse nature in Georgia plays a significant role in attracting tourists and investors, as the country is home to many beautiful tourist attractions and breathtaking natural areas.
- Ease of Administrative Procedures : The administrative system in Georgia is characterized by simplicity and transparency, which facilitates investment processes and reduces bureaucratic obstacles.
- Increasing Arab Interest in Georgia : In recent years, many Arab countries have established diplomatic relations with Georgia, opening embassies, which reflects a growing interest in trade and economic exchange.
You
can 〈 contact
us〉and speak with
one of our real estate consultants at Mbany Real Estate Company to get more
information about the property and other Turkeya properties
Sapanca 
Ready
