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Real Palace

Batumi, Khimshiashvili, Niko Pirosmani St, 18

AI Investment Summary
63.1
Final score
63.1
60
Liquidity
60
Net yield
16.7%
Capital growth
41
ADR
USD 45
Occupancy
61%
Annual net rent
USD 7,578
Primary Strategy: Rent Core

Overview

Real Palace Key benefits: 350m to the sea. Four towers (29-35 floors). Underground parking. Coded lock entrance doors. Location: 18 Niko Pirosmani St, Batumi. Near New Boulevard, Lake Ardagani, Dancing Fountains, Aquapark. Tech: Monolithic-frame. Metal-plastic windows. Energy-efficient glazing. Amenities: Underground parking, elevator. Units: Studios, 1-3-bedroom apartments (32–172 m²). Black frame finish. Purchase terms: Interest-free installment for 12 months with 30% down. Discount for full payment.

Project details

Area range· 32-172 m²

Finish options

black frame

Construction technology

monolithic-frame
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
Niko Pirosmani St, 18
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

Real Palace

Batumi, Khimshiashvili, Niko Pirosmani St, 18

Price from
USD 45,500
Price per m²
USD 1,827 / 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