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Alliance Palace

Batumi, Khimshiashvili, Sherif Khimshiashvili St, 5

AI Investment Summary
71.2
Final score
71.2
90
Liquidity
90
Net yield
32.5%
Capital growth
62.6
ADR
USD 115
Occupancy
57%
Annual net rent
USD 17,890
Primary Strategy: Balanced

Overview

Alliance Palace Key benefits: 80m to the sea (first line). 41-storey oval tower. Courtyard by Marriott hotel (floors 1-6, 150 rooms). Indoor swimming pool. Location: 5 Sherif Khimshiashvili St, Batumi. New Boulevard district, 500m from major highway, 10 km from airport. Tech: Monolithic-frame. Glass facade. High-speed imported elevators. Amenities: Indoor swimming pool, fitness center, restaurant, lounge area, casino, underground parking, 24/7 security, CCTV. Units: Studios, 1-3-bedroom apartments (30–110 m²). Complete renovation. Purchase terms: Contact sales office for pricing and options.

Project details

Area range· 30-110 m²

Finish options

complete renovation

Communications

electricitywaterseweragenatural gas

Elevator

passengerfreight

Infrastructure

closed swimming poolfitness centerrestaurantloungecasino

Parking

underground

Security & Safety

securityCCTV
Layouts
Layouts are not published for this project yet.
Location

<p><strong>Cozy Residential Area by the Sea.</strong><br>Located between the Old Town and the New Boulevard. A calm, well-established neighborhood with a local vibe. Known for its open-air markets, budget family diners, and public schools.</p><ul><li><p><strong>Pros:</strong> Close to the sea, peaceful atmosphere, affordable produce at local markets, budget-friendly property prices.</p></li><li><p><strong>Cons:</strong> Mostly old housing stock and private houses, lacks glossy new developments, simpler infrastructure.</p></li><li><p>✅ <strong>Who it suits:</strong> Local residents and expats buying their first home in Georgia without overpaying, practical buyers who want to live near the sea but save on the "picture", families with school-aged children (schools and kindergartens nearby).</p></li></ul><p></p>

City
Batumi
District
Khimshiashvili
Address
Sherif Khimshiashvili St, 5
Alliance Group is a Georgian construction and development company founded in 2005. Public company profiles describe it as an early mover in Georgia’s mixed-use and hotel-branded development segment, with major Batumi projects including Alliance Palace, Alliance Privilege, and Alliance Centropolis. The most notable project in the portfolio is Alliance Palace, which stands out for its location and investment profile. The portfolio has a clear focus on Heroes Alley, one of the more recognizable Batumi search locations. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
51
Developer score
51
Established
2005
Projects
4 active · 2 completed

Request offer

Alliance Palace

Batumi, Khimshiashvili, Sherif Khimshiashvili St, 5

Price from
USD 55,000
Price per m²
USD 2,363 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 30%

Installment from developer

Provider

Alliance Group

Terms

Interest-free installment; up to 36 months; down payment from 30%

DeveloperAlliance Group
DistrictKhimshiashvili
StatusUnder construction