Central Park Towers Tbilisi: Sources and Prices Guide (2026)

Saburtalo, Tbilisi, Georgia
  • ORCP2004
  • Property ID
  • Apartment, Penthouse, Studio
  • Property Type
  • 32.4 - 64.6
  • sq. m.
For Sale
Central Park Towers Tbilisi: Sources and Prices Guide (2026)
Saburtalo, Tbilisi, Georgia

Description

Central Park Towers Tbilisi is a two-tower hotel and residential complex on Alexander Kazbegi Avenue in the Saburtalo district of Tbilisi that Orbi Group describes as a multifunctional hotel complex, with a seven-storey podium and facilities that include an event hall, retail, a spa, swimming pools and a casino.

Central Park Towers Tbilisi, two glass towers above the podium, night render

This guide to Central Park Towers Tbilisi reads Orbi’s project page and each third-party source as seen on 9 November 2026. Orbi’s page prints no price, handover date or construction status, so the guide sets each source’s figure beside its date and does not choose between figures that differ. It adds sourced background on Saburtalo, on getting around, and on buying, tax and residence in Georgia, and ends with a list of what to ask for in writing.

Overview of Central Park Towers Tbilisi

Orbi Group’s project page calls the development a multifunctional hotel complex in the business district of Tbilisi, 200 metres from Central Park on what it names Kazbegi Street, managed by internationally recognised hotel brands. It prints five figures: 2 towers, 42 floors, 1,150 units, 140,000 m² of total area and USD 500 million invested.

Aerial render of both tower roofs with pools and the courtyard garden

The page says the two towers are connected by a seven-storey podium that houses the complex’s infrastructure, including a 4,000-seat concert hall, space for business and commerce, a retail zone, restaurants and cafes, a spa and wellness centre and parking for 400 cars. Its list of facilities adds swimming pools, conference spaces, offices and a casino. It names Harvey Nichols, Roberto’s, Angelina, Chotto Matte, Rumba and Beefbar as retail and dining brands.

Two ways of holding a unit appear in the sources. Korter, a Georgian listings portal, shows studios, one-room and two-room apartments in black frame, white frame or fully renovated finish, with a lowest listed rate of USD 4,400 per m² (prices as of 3 November 2026). Orbi’s article of 17 April 2026 and the project website cpt.ge describe instead the purchase of a hotel room in the branded hotel.

Orbi’s page prints no unit list, floor plan, price, payment plan, handover date, permit, construction status or contracting entity. Its statements about occupancy and income-generating models carry no figures or terms and are not restated here. A PDF project deck is linked from the page; this guide is based on the page text and does not reproduce the deck.

Central Park Towers Tbilisi key facts As published (9 November 2026)
Location Alexander Kazbegi Avenue 22, Saburtalo district, Tbilisi (Korter); Orbi writes 200 m from Central Park on Kazbegi Street; no survey-grade coordinates or plot number published
Developer Orbi Group (Orbi page and Korter); Planet Hollywood’s release and Georgia Today also name Block Group as joint developer
Status Under construction (Korter; Planet Hollywood release of 20 March 2026); Orbi’s page prints no status
Handover Not printed by Orbi’s page; full-scale launch September 2027 (Orbi article); completion Q3 2027 (Korter)
Unit types Studio, 1-room, 2-room (Korter); suites, penthouses and residences named without sizes (Orbi); hotel rooms (Orbi article, cpt.ge)
Sizes 32.4 to 64.6 m² in Korter’s layout block; no sizes on Orbi’s page
Units 1,150 (Orbi); 1,394 apartments (Korter); other counts in section 2
Price from None printed by Orbi; Korter lists USD 142,560 (1-room, 32.4 m²) and USD 4,400 per m²
Payment plan Not printed by Orbi’s page; cpt.ge prints a hotel-room plan (section 4)
Facilities Event hall, retail zone, restaurants, spa and swimming pools, conference spaces, offices, casino, parking for 400 cars (Orbi)
Finish Black frame, white frame, fully renovated; ceiling height 3.0 m (Korter)
Brands named Radisson Blu and Planet Hollywood (Orbi article and Planet Hollywood release); retail and dining brands listed on Orbi’s page

Scale and configuration as each source prints it

The sources count different things under similar words. Orbi prints units, Korter apartments, a 2023 trade-press piece rooms and suites, and the Planet Hollywood release rooms. The table lines them up. Every cell is as printed, with the date of the source; nothing is averaged or corrected.

Item Orbi project page (9 Nov 2026) Korter (9 Nov 2026) Other dated sources
Buildings 2 towers joined by a seven-storey podium 2 houses, Tower A and Tower B Two-tower campus (Planet Hollywood release, 20 Mar 2026)
Floors per tower 42 36 in the characteristics block and in both tower lines; the description text says each tower rises 42 stories 42 each (The Caterer, 9 Oct 2023); two 42-storey towers (Commersant.ge, 15 Apr 2026)
Units or rooms 1,150 units 1,394 apartments 1,398 rooms and suites (The Caterer, 9 Oct 2023); 1,500 rooms (GBC.ge, 20 Apr 2023, and Commersant.ge, 16 May 2023); 1,200 rooms (Planet Hollywood release, 20 Mar 2026, and Commersant.ge, 15 Apr 2026); 1200 keys (cpt.ge)
Hotel rooms by brand Not printed Not printed 500 Planet Hollywood Hotel & Casino plus 600 Radisson Blu (release, 20 Mar 2026); Radisson Blu to start at 150 rooms (GBC.ge, 20 Apr 2023)
Total area 140,000 m² Not printed 140,000 m² (The Caterer, 2023; Commersant.ge, 2026); about 140,000 m² (cpt.ge)
Investment USD 500 million Not printed USD 300 million (GBC.ge, 20 Apr 2023; Commersant.ge, 16 May 2023); USD 500 million (Commersant.ge, 15 Apr 2026; cpt.ge)
Event hall 4,000-seat concert hall Event hall, no size 2,500 capacity (GBC.ge, 20 Apr 2023; Commersant.ge, 16 May 2023; cpt.ge); 4,000 seats (release, 20 Mar 2026)
Casino Casino listed among the facilities A casino listed under a different name 50,000 square feet (release, 20 Mar 2026)
Parking Parking for 400 cars 4-level underground, about 400 spaces Not printed
Name and address Central Park Towers; 200 m from Central Park on Kazbegi Street Alexander Kazbegi Ave, 22; also called Orbi Kazbegi and Orbi Tbilisi Kazbegi Avenue (Georgia Today, 17 Apr 2024); cpt.ge: project named Planet Hollywood Tbilisi, Al. Kazbegi Avenue
Cadastral number Not printed 01.10.16.002.018 Not printed

Three differences matter most to a reader comparing listings. The first is floors: Orbi and the trade press print 42 per tower, while Korter’s characteristics block prints 36 and its own description text prints 42. The floor count affects the unit count, the height class of the building and the structural design, so the permit documents are the place to settle it.

The second is the unit count. Korter’s 1,394 apartments are 244 more than Orbi’s 1,150 units, which is 21.2% above the Orbi figure (calculated). A third count, 1,200 rooms, appears in the Planet Hollywood release. The release also gives 500 and 600 rooms for the two hotels, which add up to 1,100 (calculated); the sources do not say what the difference of 100 covers.

The third is what a unit is. The sources do not say whether hotel rooms are inside the 1,150 or the 1,394, whether the penthouses and suites are counted separately, or whether office and retail space is counted. Dividing the printed 140,000 m² by 1,150 gives 121.7 m² of gross area per unit, and by 1,394 gives 100.4 m² (both calculated). Those are not unit sizes: the gross area includes the podium, the event hall, the casino, retail, parking and common areas.

A buyer who wants a usable count asks for the unit schedule by tower and floor, with the use class of each unit (residential apartment, hotel room, commercial) and its registered area. The same schedule shows how many units sit in each finish option, which Korter lists as black frame, white frame and fully renovated.

Unit types, sizes and Korter’s price per square metre

Orbi’s page lists suites, penthouses and residences without sizes. Korter prints a layout block with three unit types. All figures below are Korter’s, with prices as of 3 November 2026, for apartments offered by the developer; Korter shows 27 listings for sale and does not state which finish the lowest prices describe.

Unit types (Korter) Size (m²) Lowest listed price (USD) Rate printed (USD per m²) Finish options listed
Studio 34.2 to 64.6 150,480 4,400 Black frame, white frame, fully renovated
1-room 32.4 142,560 4,400 Same
2-room 54.7 to 56.6 240,680 4,400 Same
Penthouse Not published for sale Not published Not published Not stated
Hotel room or suite Not published Not published Not published Furnished, per cpt.ge

The three lowest prices are exactly the smallest printed size multiplied by USD 4,400: 34.2 m² gives USD 150,480, 32.4 m² gives USD 142,560 and 54.7 m² gives USD 240,680 (all calculated). One rate across all three types means the cards show no price step for type, floor or view, and the page does not say which of the three finishes the rate belongs to.

Central Park Towers Tbilisi: calculations from Korter’s figures Studio 1-room 2-room
Smallest printed size (m²) 34.2 32.4 54.7
Lowest listed price (USD) 150,480 142,560 240,680
Price divided by size (USD per m², calculated) 4,400 4,400 4,400
Lowest price in lari at GEL 2.5949 per USD (calculated) 390,481 369,929 624,541
Upper printed size (m²) 64.6 32.4 56.6
USD 4,400 times the upper size (calculated; no such price is printed) 284,240 142,560 249,040
Lowest price against USD 150,000 (calculated) 480 above 7,440 below 90,680 above

Korter’s size ranges overlap between types. The studio card runs from 34.2 m² to 64.6 m², a spread of 30.4 m², and its upper size is larger than the two-room card’s 54.7 to 56.6 m². The one-room card, at 32.4 m², is smaller than the smallest studio and USD 7,920 cheaper (calculated). Korter’s description text, meanwhile, says apartments range from 34 to 56 square metres, narrower than its layout block.

These inconsistencies are the reason to ask for floor plans and for the registered area of the exact unit, stated as interior area and balcony area separately. Korter describes open balconies with tempered-glass railings and three-metre ceilings, and a 3.0 m ceiling height appears in its attributes. None of that is on Orbi’s page, and none of it is a specification until the contract refers to it.

The 4,400 figure also has a practical reading. At that rate any unit larger than about 34.1 m² would be priced above USD 150,000 (calculated: 150,000 divided by 4,400), which matters for the residence rule in section 9. The calculation uses Korter’s rate only; whether a given unit is offered at that rate is a matter for the price list.

What each source prints about price

Orbi prints no price anywhere on its page. The figures that exist are third-party, they carry different dates, and some do not state a currency or a unit type. The table keeps them apart and labels each one.

Central Park Towers Tbilisi price statements Date What is printed Unit type, finish and currency
Orbi project page 9 Nov 2026 No price Not applicable
Korter project page Prices as of 3 Nov 2026 From USD 142,560; from USD 4,400 per m² Developer’s apartments (studio, 1-room, 2-room); finish not tied to the price
Commersant.ge, citing the company’s website 15 Apr 2026 Price per square metre ranges from 6,600 to 10,000, tiered by floor Currency and unit type not printed
Commersant.ge, quoting the Block Group chief executive 16 May 2023 Four penthouses at USD 20,000 per m²; one penthouse at USD 8 million Planned penthouses in one tower, 2023 statement
Orbi article 17 Apr 2026 Special pricing and conditions for the first 100 buyers; no figure Hotel-room option
cpt.ge 9 Nov 2026 No price; internal instalment plan with a 35% down payment, balance in monthly instalments during construction; or a bank loan spread over 60 months Hotel rooms, per the site’s FAQ
Korter mortgage calculator (TBC Bank) Seen 9 Nov 2026 Loan of USD 121,176; 7.4% nominal, 8.3% effective; about USD 10,507 a month plus insurance A bank offer shown by Korter, not a plan of the developer

Two cross-checks use only published numbers. First, Korter’s rate converts to GEL 11,418 per m² at the National Bank’s official rate of GEL 2.5949 per USD (calculated). Geostat’s median offer price for new-build flats in Saburtalo in the third quarter of 2026 is GEL 4,444 per m², about USD 1,713 (calculated), and the Korter rate is 2.57 times that (calculated).

The two figures measure different things, so the ratio is a size comparison and not a verdict. Korter’s is the lowest listed rate of a single project with a mix of finishes. Geostat’s is a district median of advertised prices from two portals across all finish levels of new-build flats, in the Residential Property Price Index for the third quarter of 2026, dated 23 October 2026. The index covers flats and detached houses and not hotel rooms.

Second, the mortgage example. The loan of USD 121,176 equals 85% of the one-room price of USD 142,560 (calculated). A 12-month term at 7.4% nominal gives a monthly payment of USD 10,507 (calculated), so the example appears to use a 12-month term; the term and the currency of the loan are not printed in the page text. The National Bank’s limits are in section 9, and a bank’s actual offer for a non-resident and an unfinished unit is the bank’s own decision.

The Commersant.ge range of 6,600 to 10,000 is reproduced as printed. Because no currency appears, this guide does not convert it or set it beside Korter’s rate. Prices for the planned penthouses come from a 2023 statement about a building that was then planned for completion by the end of 2024, and no recent source confirms them.

Handover and opening dates as each source prints them

Orbi’s project page prints no handover or opening date. The dated figures below come from articles and portals. They refer to different events: Orbi’s April 2026 article speaks of the full-scale launch of the project, Korter of completion, and older press of opening or completion. None of them is a contractual handover date for a unit.

Source Date of source What it prints What the date refers to
Commersant.ge 16 May 2023 Project will be completed by the end of 2024 Completion of the project (statement of the Block Group chief executive)
The Caterer, promoted article 9 Oct 2023 Set to open in May 2024; Chotto Matte to launch in early 2025 Opening of the complex and of one restaurant
Georgia Today 17 Apr 2024 Will be completed by the end of 2025; two restaurants to open in 2025 Completion and restaurant openings
Planet Hollywood release 20 Mar 2026 Currently under construction; opening timeline to be announced in the coming months No date printed
Orbi article 17 Apr 2026 Full-scale launch of the project scheduled for September 2027 Launch of the project, not unit handover
Korter 9 Nov 2026 (prices as of 3 Nov 2026) Tower A and Tower B under construction; start Q1 2023; completion Q3 2027 Completion of each tower
cpt.ge 9 Nov 2026 No date printed Not applicable

The two most recent figures sit in the same quarter: September 2027 is the last month of Q3 2027 (calculated). Korter also dates the start of construction to Q1 2023 and shows construction photographs from fixed spots, with its latest update in November 2026; the photographs are Korter’s, and this guide does not interpret them.

What a buyer needs is not an article date but three dates in the sale documents: the date by which the developer must complete the building, the date by which the unit must be handed over, and the date of registration of the buyer’s title. For a hotel room, a fourth date matters, the date from which the hotel operates, because the hotel-room terms refer to it; the sources print none.

Those dates should be tied to the construction permit. The permit’s validity and its completion period are documents the developer can show, and the Public Registry extract for the land shows what is registered on it. The checklist in section 9 asks for both.

Hotel brands, operators and who is named

Orbi’s page says the complex is managed by internationally recognised hotel brands but names none in that sentence. The brands named elsewhere come from Orbi’s article, from Planet Hollywood’s own release and from other dated press. The table records who says what; a brand name here is the source’s statement, and the brand owners’ own agreements are the reference for any branding term.

Source and date What it says about brands, operators and structure
Orbi project page, 9 Nov 2026 Managed by internationally recognised hotel brands; retail and dining brands Harvey Nichols, Roberto’s, Angelina, Chotto Matte, Rumba and Beefbar
Orbi article, 17 Apr 2026 First tower to carry a five-star Radisson Blu; second tower dedicated to Planet Hollywood and entertainment spaces; 12 international brands; a shopping mall with more than 200 international brands; option to acquire a hotel room within the Planet Hollywood property, with special pricing and conditions for the first 100 buyers
Planet Hollywood release, 20 Mar 2026 (planethollywood.com; repeated by Travelling for Business, 23 Mar 2026) License agreement with Orbi Group and Block Group, in association with Iconic Entertainment; a 500-room Planet Hollywood Hotel & Casino and a 600-room Radisson Blu; casino of 50,000 square feet; 4,000-seat venue; more than 70,000 square feet of Harvey Nichols retail; over 2,000 permanent jobs expected
GBC.ge, 20 Apr 2023 Cooperation agreement signed with Radisson Blu at the project presentation; Radisson Blu to start at 150 rooms; the Economy Minister described ten hotels under different owners next to one branded Radisson Blu hotel, sharing common spaces
Georgia Today, 17 Apr 2024 Five-star Radisson Blu hotel; a shopping mall, a casino, an event hall, a wellness centre and fine-dining restaurants; investment rooms in the five-star hotel for sale
cpt.ge, 9 Nov 2026 Tower A with Radisson Blu and Tower B designated for Planet Hollywood; Radisson Blu manages the hotel rooms; Harvey Nichols mall; casino operated by a Macau-based company; spa managed by Spa Soul
Korter, 9 Nov 2026 Restaurant complex, shopping mall, event hall, spa, casino and offices listed as infrastructure; no operator named

Reading across the rows, the 2023 sources describe a hub in which several hotels with different owners stand beside a Radisson Blu hotel, and the 2026 sources describe two towers with a Radisson Blu and a Planet Hollywood hotel. The 2026 description is the one that Orbi’s own article and Planet Hollywood’s release share, and a buyer should ask which structure the purchase contract describes.

The release names Block Group alongside Orbi Group as a licensee, and Georgia Today’s 2024 piece calls the project a joint project of the two. Orbi’s own project page names Orbi Group only. For a buyer the practical question is which legal entity is the seller in the contract and which entity owns the land and holds the permit; neither is printed on the pages this guide read.

The hotel-room route is described mainly by cpt.ge. Its FAQ says a preliminary purchase agreement can be signed online or in person, ownership rights pass upon full payment, the internal plan requires a 35% down payment with monthly instalments during construction, and a bank loan can run over 60 months. It also says that the hotel rooms are managed by Radisson Blu for a management fee of 15% of turnover, with investors exempt from utility and fixed operating costs, and that the rooms come furnished.

The same page designates Tower B for Planet Hollywood while saying that Radisson Blu manages all hotel rooms in the complex, so which operator runs which rooms is a point to settle in the contract. This guide does not restate the site’s statements about resale value or residence, which carry no terms on the page.

Location of Central Park Towers Tbilisi: Saburtalo, Kazbegi Avenue and getting around

All three project sources place the complex on Kazbegi Avenue in Saburtalo, although they write the street differently: Orbi says Kazbegi Street, Korter says Alexander Kazbegi Avenue 22, and the trade press says Kazbegi Avenue. The coordinates in Korter’s page data are 41.72409 north, 44.74923 east. That pin is approximate and not a survey, and every distance below that starts from it inherits the same limit.

Podium entrance with event hall and Harvey Nichols signage, render

Saburtalo is one of the ten district administrations listed on the Tbilisi City Hall page on district heads. Wikipedia describes it as an administrative district of the capital whose neighbourhoods include Lower Saburtalo, Vedzisi, Lisi, Vashlijvari, Didi Dighomi and Patara Dighomi, and gives its population as 139,000 in 2017, citing the Tbilisi government.

Geostat’s population release puts Tbilisi at 1,369.4 thousand people on 1 January 2026, of whom 1,309 thousand live in urban settlements, out of 3,941.1 thousand in Georgia, so the capital holds 34.7% of the population (calculated). The release rests on the 2024 census and the movement recorded in 2025.

For the hotel side of the project, Geostat’s inbound tourism statistics for 2025 give 7.8 million arrivals of international non-resident travellers to Georgia, 5.9% more than in 2024, and say that the majority of visits were made in Tbilisi and Adjara, 3.8 million and 2.7 million respectively, counted by region visited. The average stay was 5.6 nights. These are national and regional statistics and say nothing about any single building.

Korter describes Saburtalo as a well-established neighbourhood and lists schools, clinics, shops and parks it considers nearby, among them the European School, Tbilisi State Medical University, the Central Republican Hospital, Spar and Nikora stores, Mitskevich Park and the Ethnographic Museum, without giving distances. The GBC.ge report of 2023 places the project near the ongoing development of the Tbilisi Central Park, and OpenStreetMap, queried through Nominatim, maps a site named Central Park in the Saburtalo district tagged as a construction area.

Metro access is the main transport question. Delisi and Medical University are neighbouring stations on the Saburtalo Line, and Wikipedia records that both opened in 1979. Korter says both are a 10 to 15 minute walk away and that a bus stop 180 metres from the complex is served every 10 minutes by 11 bus routes and 3 minibus routes. It puts the airport about 45 minutes away by car.

The table adds routed figures from Korter’s pin, using public map data on 9 November 2026. Road figures are free-flow estimates without traffic, so they are lower bounds for busy hours. The Tbilisi Transport Company, which says it is wholly owned by the city hall and has run the metro since 1966 (About page), lists GEL 1 for 90 minutes of unlimited travel, about USD 0.39 at GEL 2.5949, on its standard tariff page dated 3 June 2019.

Nearby places and distances for Central Park Towers Tbilisi Distance printed by a source Calculated from Korter’s pin (straight line; route) Source
Central Park 200 m (Orbi project page and cpt.ge) Not calculated; the park’s boundary is not a point Orbi; cpt.ge
Delisi metro station 10 to 15 minutes on foot (Korter, with Medical University) 0.29 km straight; 0.37 km on foot, about 5 minutes Korter; Wikipedia (coordinates); OSRM
Medical University metro station 10 to 15 minutes on foot (Korter, with Delisi) 1.15 km straight; 1.29 km on foot, about 17 minutes Korter; Wikipedia (coordinates); OSRM
Bus stop 180 m (Korter) Not calculated Korter
Freedom Square Not printed 5.48 km straight; 7.27 km by road, about 9 minutes free-flow OpenStreetMap; OSRM
Tbilisi International Airport About 45 minutes by car (Korter) 18.24 km straight; 24.52 km by road, about 31 minutes free-flow OpenStreetMap; OSRM
Entrance, lobby and tower position within the site Not published Cannot be calculated without a site plan Not published

Korter’s 10 to 15 minute walking time is longer than the calculated walk of about five minutes to Delisi and shorter than the calculated walk of about 17 minutes to Medical University, and the pin may not mark the entrance. The practical step is to walk the route from the site’s gate, not from a pin, and to ask the developer for the street frontage and the pedestrian crossing points on Kazbegi Avenue.

The Tbilisi context is on the Tbilisi city page and the Georgia country page, and the Tbilisi real estate prices guide sets out district price data from Geostat and from a bank-sector report, where Saburtalo’s median offer price for new flats sits fourth among the ten districts of Geostat’s chart, at GEL 4,444.

Buying in Georgia in brief

Georgian law fixes the legal frame in a short rule. Article 183 of the Civil Code says that to acquire an immovable thing the transaction must be made in writing and the acquirer’s ownership right must be registered in the Public Registry, which the National Agency of Public Registry (NAPR) keeps. A foreigner buying an apartment does not meet the one restriction the land law imposes: Article 4 of the Organic Law on Agricultural Land Ownership lists who may own agricultural land, and an apartment is not agricultural land.

For a unit that is not built yet, what is signed and registered at each stage depends on the contract. Orbi’s FAQ says the agreement can be signed remotely and that payment can be in full, by mortgage or through an interest-free instalment plan offered by the developer, and that Georgia has no property purchase tax. The cpt.ge FAQ says a preliminary purchase agreement can be signed online or in person and that ownership rights pass upon full payment.

A buyer signing from abroad usually needs foreign documents recognised in Georgia. The Hague Conference’s status table shows Georgia as a party to the Apostille Convention, in force from 14 May 2007. NAPR runs a smart-contract service for registering rights online through a pre-booked virtual meeting. The guides on buying from abroad and how to buy property in Georgia give the order of steps.

Step Who Typical time and cost Source
Check what the Public Registry shows for the land and, once registered, the unit; Korter’s cadastral number is a starting point Buyer, NAPR Extract in 1 working day: GEL 20, or GEL 13 online; GEL 26 more in English NAPR information fees; Korter
Reserve the unit Buyer, seller Terms not printed on Orbi’s page Not published
Sign the preliminary or sale agreement Buyer, seller Online or in person, per cpt.ge; remotely, per Orbi’s FAQ cpt.ge; Orbi FAQ
Register the right or obligation linked to the purchase Buyer, NAPR 4 working days GEL 150; 1 working day GEL 270; same day GEL 350 (GEL 150 is about USD 58) NAPR registration fees
Pay the instalments or arrange a loan Buyer, bank Plan not printed by Orbi; cpt.ge prints 35% down and monthly instalments for hotel rooms cpt.ge; NBG limits
Completion and transfer of title Seller, buyer, NAPR Dates fixed in the contract; registration fees as above NAPR; Civil Code art. 183
Residence-permit application, if wanted Public Service Development Agency 30th, 20th or 10th calendar day: GEL 300, 450 or 600 sda.gov.ge

A hotel-managed unit raises one more legal question that the Tax Code answers in general terms. Article 26-1 of the Tax Code defines a tourist enterprise as a legal person that builds a hotel, supplies hotel assets or part of them to another person, and, under a contract with the buyer, ensures that those assets are used as hotel rooms or apartments. The Revenue Service grants the status for a specific hotel.

Whether any entity holds that status for this complex is not published on the pages this guide read, and the article does not say that a hotel with branded rooms must hold it. It is a question to put to the seller in writing, together with the registry classification of the unit, because it affects how the unit is described in the extract and may affect which of the tax rules below is read to apply.

Taxes, residence, financing and what to ask for in writing

Georgian taxes on an individual owner come from the Tax Code, whose English text is on matsne.gov.ge. Property tax on a natural person’s property other than land was changed by Law No. 1874 of 30 September 2026.

Article 202(5) now sets the tax at not less than 0.8% and not more than 1% of the market value of the property at the end of the previous year, and Article 206(1)(a) exempts it if the family’s income in the previous year did not exceed GEL 100,000. A tax alert in the EY Georgia Tax and Law Brief for July to September 2026 describes the amendment as in force on publication and says the earlier exemption threshold was GEL 40,000.

Article 201(1)(c.a) includes unfinished construction in the property of a natural person that is taxed. As an illustration only, if the lowest studio price of USD 150,480 (GEL 390,481) were the market value, the range of the Code would be GEL 3,124 to GEL 3,905 a year, about USD 1,204 to USD 1,505 (calculated). The market value used, the owner’s family income and the date from which an instalment buyer counts as the owner decide the actual position.

The Revenue Service keeps a property tax page for filers, and Article 205 sets filing by 1 November and payment by 15 November for a natural person. Letting and a later sale are taxed under separate articles. Article 81(2) taxes at 5% the income of a natural person from letting residential space for residential purposes when no deductions are made, and Article 82(1)(f.a) exempts the surplus from selling a residential apartment with its land when it was owned for more than two years. Both articles are worded for residential space.

How a hotel room is classified for those rules is a question for the Revenue Service and for the registry record, and Article 166 sets VAT at 18%.

For residence, the Public Service Development Agency describes a short-term residence permit for an alien who holds title to immovable property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, as set by a certified assessor, and an investment permit for property exceeding USD 300,000.

At Korter’s lowest prices, the studio figure of USD 150,480 is above USD 150,000 by USD 480, the one-room figure of USD 142,560 is below it, and the two-room figure of USD 240,680 is above it. The test is the assessor’s market value and not the contract price.

The residence-permit guide gives the process, and the permit is a separate application and decision, not a result of the purchase.

On financing, Orbi prints no mortgage arrangement, and Korter shows a TBC Bank example. The National Bank of Georgia’s PTI and LTV page sets a loan-to-value limit of 90% for lari loans and 70% for foreign-currency loans, and payment-to-income limits of 25% for lari income and 20% for foreign-currency loans where the income is in another currency, below GEL 1,500 of monthly net income, rising to 50% and 30% from GEL 1,500.

The mortgage guide and the property tax guide give the practical steps, and the guide on whether foreigners can buy property sets out the general position.

Item Rule Source URL
Property tax, individual 0.8% to 1% of market value; exempt if the previous year’s family income did not exceed GEL 100,000 (about USD 38,537); filing by 1 November, payment by 15 November Tax Code arts. 201, 202(5), 205, 206(1)(a): matsne.gov.ge/en/document/view/1043717
Rental income from residential space 5% if no deductions are made; general rate 20% Tax Code art. 81(1)-(2): matsne.gov.ge/en/document/view/1043717
Sale of a residential apartment Surplus from providing a residential apartment (house) with its land taxed at 5%; surplus exempt if owned more than two years Tax Code arts. 81(3), 82(1)(f.a): matsne.gov.ge/en/document/view/1043717
Tourist enterprise Legal person that builds a hotel and supplies hotel rooms or apartments to buyers under a contract; status granted by the Revenue Service per hotel Tax Code art. 26-1: matsne.gov.ge/en/document/view/1043717
Short-term residence permit Property other than agricultural land with a market value exceeding USD 150,000 equivalent in GEL (GEL 389,235 at 2.5949), set by a certified assessor; fee GEL 300, 450 or 600 by processing time sda.gov.ge/en/products/migration-residence-permits; Law on the Legal Status of Aliens
Investment residence permit Property exceeding USD 300,000 equivalent in GEL sda.gov.ge/en/products/migration-residence-permits
Agricultural land Ownership limited by the organic law; an apartment is not agricultural land matsne.gov.ge/en/document/view/4596123
Mortgage limits Loan-to-value 90% (lari) and 70% (foreign currency); payment-to-income limits by income band nbg.gov.ge/en/page/pti-and-ltv-requirements
Exchange rate used USD 1 = GEL 2.5949, official rate valid from 7 November 2026 and shown for 9 November 2026 nbg.gov.ge/en/monetary-policy/currency

What to ask for in writing before reserving

Orbi’s page prints none of the items below, as is usual for a project page, and the sale documents carry them. The list is the standard set of requests for an off-plan purchase, adapted to a hotel-managed complex.

  1. A price list with unit numbers, tower, floor, interior and balcony areas and the use class of each unit (residential apartment, hotel room or commercial), so that a unit total can be read against the 1,150 and 1,394 figures.
  2. The handover date and the completion date in the contract, the date of registration of title, and the contractual consequence of each date being missed.
  3. The full legal name, registration number and registered address of the entity that signs the contract, and of the entity that owns the land and holds the construction permit.
  4. The construction permit and its validity, the design documents, and a Public Registry extract for the land and, once registered, for the unit.
  5. The payment schedule, the currency of each payment, the account or escrow arrangement that receives the money, and the name of the account holder.
  6. The finish specification the contract refers to (black frame, white frame or fully renovated), including the ceiling height, the glazing and the balcony.
  7. For a hotel room: the management agreement, the operator named in it, the fee basis, what the fee covers and what costs fall on the owner, the term and the exit terms.
  8. Whether the facility holds tourist enterprise status under Article 26-1 of the Tax Code, and the registry classification of the unit.
  9. The service-charge schedule, the rules of the owners’ association or management company, and the split of costs between apartments, hotel rooms and the commercial areas.
  10. If signing abroad: the form of power of attorney or other foreign document, with an apostille, that the notary and NAPR will accept.

How Central Park Towers Tbilisi compares with the other Orbi projects

The table lists all six Orbi Group projects on this site, with the information each project’s sources publish. This project is the only one in Tbilisi; the other five are in Batumi. None of the rows is ranked above another, and the published information differs in kind: some projects have a handover date or a price from a third party, and some have neither.

Project City and area Status as published Published information
Orbi Millennium Batumi Batumi, New Boulevard Under construction; sources print handover dates that differ Prices printed by sources differ by source and unit type; see the project page
Orbi City Batumi Batumi Four of five houses delivered; the last due Q4 2026 (Korter) Developer prints no price; Korter lists from USD 3,500 per m²
Orbi Continental Batumi Batumi, near Rustaveli Avenue Under construction; groundbreaking 17 September 2025 Developer prints no price; Korter lists studios from USD 102,500 (21 October 2026)
Central Park Towers Tbilisi (this page) Tbilisi, Saburtalo Under construction (Korter) No price from Orbi; Korter lists from USD 142,560 and USD 4,400 per m²
Avenue by Orbi Batumi Batumi Under construction; Q4 2026 per Korter Developer prints no price; Korter lists USD 1,800 per m²
Orbi City Mall Batumi Batumi, podium of Orbi City Retail space; opening described in the developer’s card No prices or sizes published

What sets this project apart within the group is the combination of a hotel-managed scheme and a city location: the Batumi projects stand on the coast, and this one stands on a Tbilisi avenue near a metro line. The Batumi guides on this site, such as the Batumi apartment prices guide, use a different market and are not a comparison of prices. The off-plan guide covers staged payments under Georgian law, and the Georgia country page lists the other projects in the country.

Orbi Group (developer)

This section draws on Orbi Group‘s own About page and on dated third-party pages, all attributed. Orbi’s About page, as seen on 9 November 2026, says the company has 28 or more years of operations, 4 million or more square metres of completed project space, 55 offices worldwide and more than 12,000 employees. Its contact section lists offices in Tbilisi and Batumi, Frankfurt, Warsaw, Astana and Almaty, Istanbul, Baku and Moscow.

Korter’s developer page says Orbi Group has constructed since 1998 and lists 7 current projects and 14 completed projects, of which the eight listed as completed were delivered between 2014 and 2016. Planet Hollywood’s release describes Orbi Group as a real estate development company with a portfolio of more than 4 million square metres, more than 30 completed projects and a workforce of over 12,000, and names ORBI CITY Batumi as its flagship. Those figures differ between sources and dates, and none is verified here.

The Orbi page does not name the legal entity that sells units at Central Park Towers, and it does not name the company’s founder or owners. Block Group, named in the release and in Georgia Today as the joint developer, is not described on Orbi’s page. This guide does not repeat the awards, visitor numbers and investor-country counts printed on Orbi’s About page, because the page gives no body, year or method for them.

Frequently asked questions

What is Central Park Towers Tbilisi?

Central Park Towers Tbilisi is a two-tower hotel and residential complex on Alexander Kazbegi Avenue in Saburtalo, developed by Orbi Group and listed on Orbi’s page with 2 towers, 42 floors, 1,150 units and 140,000 m² of total area. Korter lists studios, one-room and two-room apartments, and Orbi’s article describes a hotel-room purchase option. Orbi’s page prints no price, handover date or status, so those come from third parties, as the guide above shows.

Where is the complex and which district is it in?

Korter gives the address as Alexander Kazbegi Avenue 22 in the Saburtalo district, and Orbi writes that the site is 200 metres from Central Park on Kazbegi Street. Saburtalo is one of ten district administrations of Tbilisi. Korter says Delisi and Medical University metro stations are a 10 to 15 minute walk away; routed from Korter’s approximate pin, the walk to Delisi is about 0.37 km, and the airport is 24.5 km by road.

How many units does the project have?

The sources disagree and this guide does not pick one. Orbi’s page prints 1,150 units, Korter prints 1,394 apartments, a 2023 trade-press piece printed 1,398 rooms and suites, 2023 reports printed 1,500 rooms, and the Planet Hollywood release prints 1,200 rooms. The sources do not say whether hotel rooms and commercial units are inside those totals, so the unit schedule in the contract is the reference.

What prices are published for Central Park Towers Tbilisi?

Orbi prints none. Korter lists from USD 142,560 for a 32.4 m² one-room apartment, USD 150,480 for a studio of 34.2 m² and USD 240,680 for a two-room apartment of 54.7 m², all at USD 4,400 per m², with prices as of 3 November 2026 and no finish attached. Commersant.ge printed a range of 6,600 to 10,000 per m² without a currency in April 2026. Hotel rooms have no printed price.

When is Central Park Towers Tbilisi due to be handed over?

Orbi’s page prints no date. Orbi’s article of 17 April 2026 says the full-scale launch of the project is scheduled for September 2027, and Korter prints completion in Q3 2027 for both towers. Earlier press printed dates between May 2024 and the end of 2025. The date that binds the seller is the one in the contract, and a buyer should ask for it together with the consequence of missing it.

Which hotel brands are named?

Orbi’s article names a five-star Radisson Blu in the first tower and Planet Hollywood in the second. Planet Hollywood’s release describes a license agreement with Orbi Group and Block Group for a 500-room Planet Hollywood Hotel & Casino, and a 600-room Radisson Blu. Orbi’s page names retail and dining brands, among them Harvey Nichols and Beefbar. Brand terms belong to the brand owners’ agreements and not to this guide.

Can a foreign buyer own a unit in Tbilisi, and where is the title recorded?

A foreigner may buy an apartment in Georgia. Article 183 of the Civil Code requires a written transaction and registration of the acquirer’s right in the Public Registry, and agricultural land is the category that Georgian law restricts. The registry’s fee page prices registration at GEL 150 with a four-working-day term, GEL 270 for one working day and GEL 350 on the day of filing. Notary and other professional fees are separate.

Does a unit qualify for a residence permit?

Under the Public Service Development Agency’s page, a short-term residence permit is available to an owner of non-agricultural property with a market value exceeding USD 150,000 equivalent, set by a certified assessor. At Korter’s lowest prices the studio at USD 150,480 is above that figure by USD 480, and the one-room at USD 142,560 is below it. The assessor’s valuation is the test and not the contract price.

Which taxes can an owner face?

Since 30 September 2026 the Tax Code sets property tax on a natural person at 0.8% to 1% of market value, with an exemption where the previous year’s family income did not exceed GEL 100,000. Residential rent is taxed at 5% when no deductions are made, and the surplus on a sale of an apartment owned more than two years is exempt. How a hotel room is classified for these rules is a question for the Revenue Service.

What should a buyer ask for in writing?

A price list with unit numbers, the handover date and its consequence in the contract, the legal name of the entity that signs, the construction permit, the payment schedule with escrow or account details, and the finish specification. For a hotel room, the management agreement, the operator, the fee basis and the exit terms. The full list is at the end of section 9.

Sources and last check

Last checked: 9 November 2026. Sources:

This is not legal, tax or financial advice.

  • City Tbilisi
  • Country Georgia

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