Downtown Complex
Downtown Complex Tbilisi
Multicultural Complex
For Sale
Hot Offer
- MRRC+V8R, Tbilisi, Georgia
Prices Start from $1250
Why to buy in this project?
- Great Location
- Panoramic city view
- All types of apartments are available
- High quality building materials (European Standards)
- Competitive prices and hight quality services
- Guaranteed return on your investment
- 24/7 Customer services
Where is Downtown complex located?
Downtown complex is located 200 meters away from Avlabari metro station and unites residential apartments, hotel, commercial and co-working spaces and most importantly, 5100 m2 community space. Downtown consists of 4 residential blocks, on the first floor restaurants, bars, cafés, and stores will be set up, catering to every taste. The services of 120-room hotel will be available to the owners and guests of the apartments as well.
Georgian Aviation University is 300 Meters
The only aviation university in Georgia
Public School is 190 Meters
Public school number 77
Georgian National University is 700 meters
The university has a lot of international students.
Metro station is 450 Meters
The nearest metro station to Old Tbilisi and touristic area
Tbilisi cable car is 800 meters
The only cable car in the touristic area of Tbilisi that goes to Mother of Georgia and Tbilisi Botanical Garden
Sheraton Tbilisi is 700 meters
Sheraton Grand Tbilisi Hotel is one of the luxurious hotels in Tbilisi
Holy Trinity Cathedral is 1.4KM
The biggest cathedral in Tbilisi
Shardeni Area is 1 KM
Well-known touristic area which has a lot of night clubs, bars, cafes, and restaurants.
Tbilisi International Airport is 14 KM
Tbilisi International Airport is the biggest airport in Georgia with regular flights to almost all destinations.
Transport
In just 2 minutes of walking there is access to public transport with Avlabari metro station and many bus lines that can take you anywhere in the city.
What is inside?
Tbilisian traditional design in the heart of Tbilisi
Watch the project review
English Review
Arabic Review
Interior facilities
Cafes
Restaurants
Green space
Fitness Club
Green space
Parking
Shopping center
Address
- Address
- City
- State
- Aleksandre Tsurtsumia Street
- Tbilisi
- Tbilisi
- Zip/Postal Code
- Area
- Country
- 0155
- Old Tbilisi
- Georgia
Details
- Price
- Property Size Starts from
- Bedrooms
- Bathroom
- $ 1250
- 40-225 SQM
- 1-4
- 1-3
- Parking
- Delivery Year
- Property Type
- Property Status
- 2
- 2022
- Apartment
- For Sale
Features
- Kids Area
- GYM
- Near to sightseeing
- Garden
- Business center
- Near to international universities
- Parking
- Panoramic views
- Next to public school
Statics
Plans
Demand for residential apartments in Tbilisi
In 2019, the number of residential transactions in Tbilisi slightly declined (4% YoY) and amounted to 34,795 units. The bulk apartments (61%) was recorded by newly built apartments, mostly due to the large number of recently completed projects.
Since 2015, the demand for residential apartments has been characterized by an increasing trend, aside from 2019, when new regulations for mortgage lending were adopted. As a result of these regulations, as well as the currency fluctuation, newly built flat transactions dropped by almost 8%, while the number of old flat sales decreased insignificantly by 0.3%. Standing with a modest 1,435 transactions, the number of residential house sales is increasing steadily. The figure grew by 10% in contrast with the previous year.
The market share of sales transactions (total value of transactions) of residential residentials amounted to USD 1.6 billion, reflecting an insignificant decrease of 2.7% when compared to 2018, while the figure is twice higher in contrast with the same data of 2015.
The largest portion (USD 1.0 billion) was aggregated by newly built apartments, while old flat transactions and residential house sales accumulated USD 484 million and USD 96 million, respectively.
Since 2015, the average unit size has been steadily maintained at around 60 sq m, aside from 2019, when the figure declined by 10% compared to the previous year and amounted to 54 sq m.
The number of foreigners who buy residential properties in Tbilisi is increasing over years. From 2015 to 2018, a significant growth was recorded in this regard. Russia, Iran and Europe were the main source markets and the interest from Israeli citizens rising as well. Year 2019 marked a decline in buyers from foreign citizens.
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Property Management:
Management company, Geo Property Management guarantees an 8% yearly return.
The tower will be completed in the 3rd quarter of 2022.
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