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The Parallel

Batumi, Khimshiashvili, Tbel Abuseridze St, 19-23

AI Investment Summary
61.1
Final score
61.1
100
Liquidity
100
Net yield
6.7%
Capital growth
66.7
ADR
USD 74
Occupancy
57%
Annual net rent
USD 11,586
Primary Strategy: Balanced

Overview

Key benefits: 500m to the sea. Two 35-storey towers. 14 penthouses available. Underground parking.

Location: 19-23 Tbel Abuseridze St, Batumi. Near Heroes Alley, Dancing Fountains, House of Justice, 10 min from airport.

Tech: Monolithic-frame. Brick exterior walls. Floor-to-ceiling panoramic windows. Open balconies with tempered glass railings.

Amenities: Landscaped courtyard, walking paths, multi-level outdoor lighting, underground parking, 24/7 security, concierge service.

Units: Studios, 1-3-bedroom apartments (32.5–184.3 m²). Black frame finish.

Purchase terms: Mortgage from TBC Bank. Installment plans from 15% down.

Project details

Area range· 32.5-184.3 m²

Finish options

black frame

Construction technology

monolithic-frame

Elevator

yes

Parking

underground

Security & Safety

24/7 CCTVconcierge
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
Tbel Abuseridze St, 19-23
Metropol has projects in Batumi, including Oval, Cube and The Parallel. Public information about the company is still limited, so buyers should focus on the specific project: location, construction stage, layouts, payment terms and current availability. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated as additional information is confirmed.
25
Developer score
25
Established
2022
Projects
5 active · 0 completed

Request offer

The Parallel

Batumi, Khimshiashvili, Tbel Abuseridze St, 19-23

Price from
USD 52,000
Price per m²
USD 1,600 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 15%

Installment from developer

Provider

Metropol

Terms

Installment available

DeveloperMetropol
DistrictKhimshiashvili
StatusUnder construction