T`bilisi, Georgia

Tbilisi Downtown by NEXT is a contemporary residential development in Avlabari, one of Tbilisi's oldest and most distinctive central districts. Combining a historic city location with modern facilities and serviced living, the project is designed for both comfortable residential use and property investment.
Apartment D509 is a particularly spacious two-bedroom property offering 116.3 sq m of total area, including 95.4 sq m of internal living space and a substantial 20.9 sq m private balcony. Located on the 5th floor of Block D, the apartment has a courtyard-facing aspect and is offered fully turnkey for USD 505,905, equivalent to USD 4,350 per sq m.
Project completion is scheduled for March 2028.

Prime Tbilisi Location

Tbilisi Downtown is located in Avlabari, close to the Old City and the Mtkvari River. The district combines the character of historic Tbilisi with convenient access to the capital's modern centre.
Residents are within easy reach of historic landmarks, restaurants, cafés, local markets and cultural attractions, as well as Tbilisi's commercial and business areas.
This central location makes the property suitable as a permanent residence, second home or rental investment in the Georgian capital.

Modern Living & Resident Services

The development is planned as a full-service residential complex with facilities aimed at both residents and rental guests.
Amenities are expected to include 24/7 concierge and security, reception services, a fitness centre, business lounge, library, landscaped courtyard and children's areas. Additional services are planned to include laundry, room service, valet parking and banking facilities.
Apartments feature approximately 2.95 m ceilings, while the building specification includes central heating, VRF climate control, Low-E glazing, smart air circulation and energy-management systems.

Investment Potential

Tbilisi Downtown's location between the historic centre and key business areas gives the project access to potential demand from professionals, international residents and visitors to the city.
According to the developer's projections, completed apartments are expected to achieve average annual rental yields of approximately 7-11%. The developer also forecasts 10-14% annual property-price growth in central Tbilisi, with potential capital appreciation beginning during the construction period.
These figures are projections rather than guaranteed returns and will depend on future market conditions, rental rates, occupancy and property management costs.
With its generous internal space, large private balcony, turnkey finish and central Avlabari location, D509 is particularly well suited to buyers looking for a larger two-bedroom property that can work both as a home and as a long-term investment.

Property Summary

- Development: Tbilisi Downtown by NEXT
- Location: Avlabari, Tbilisi, Georgia
- Unit: D509
- Block: D
- Floor: 5
- Bedrooms: 2
- Total area: 116.3 sq m
- Internal living area: 95.4 sq m
- Balcony: 20.9 sq m
- View: Courtyard
- Specification: Turnkey
- Completion: March 2028
- Price: USD 505,905
- Price per sq m: USD 4,350

Other Properties Available

Tbilisi Downtown also offers a selection of one, two and three-bedroom apartments, with different layouts, sizes, floors and aspects available within the development.

LabEstate can also assist buyers in finding alternative properties based on their individual requirements. Whether the priority is budget, location, apartment size, view, investment potential, completion date or intended use, LabEstate can source suitable options in Tbilisi, elsewhere in Georgia and across its available international markets.