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Mega Palace

Batumi, Khimshiashvili, Zurab Gorgiladze St, 111

AI Investment Summary
55.9
Final score
55.9
50
Liquidity
50
Net yield
77.2%
Capital growth
17.5
ADR
USD 74
Occupancy
57%
Annual net rent
USD 11,586
Primary Strategy: Rent Core

Overview

Mega Palace Key benefits: 100m to the sea. 31-storey hotel and residential complex. Casino on floors 1-5. Restaurant on 13th floor. Location: 111 Zurab Gorgiladze St, Batumi. New Boulevard district, near Dancing Fountains, McDonald's, House of Justice, Aquapark. Tech: Monolithic-frame. Original architectural design. Amenities: Private swimming pool, solarium, beauty salon, fitness club, children's entertainment center, nightclub, covered parking, courtyard parking, concierge service 24/7, bank branches. Units: Studios, 1-3-bedroom apartments (30.2–110.3 m²). White frame finish. Purchase terms: Discount for full payment.

Project details

Area range· 30.2-110.3 m²

Finish options

white frame

Construction technology

monolithic-frame

Elevator

1 passenger

Parking

underground
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
Zurab Gorgiladze St, 111
Real Palace is a Georgian real estate developer founded in 2011. The company states that it has completed 12 projects in Tbilisi and Batumi and focuses on residential and hotel-type developments. The most notable project in the portfolio is Black Sea Towers, which stands out for its location and investment profile. The portfolio is focused on liquid Batumi locations such as Green Cape, the Khimshiashvili corridor, and Heroes Alley. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
66
Developer score
66
Established
2011
Projects
4 active · 5 completed

Request offer

Mega Palace

Batumi, Khimshiashvili, Zurab Gorgiladze St, 111

Price from
USD 15,000
Price per m²
USD 1,796 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 30%

Installment from developer

Provider

Real Palace

Terms

0% installment; up to 18 months; down payment from 30%

DeveloperReal Palace
DistrictKhimshiashvili
StatusUnder construction