King Tamar by Archi Tbilisi is a residential tower with commercial units, 32 floors per Korter and Wikipedia, that Archi lists on Merab Aleksidze Street in the Saburtalo district, and the developer’s project page shows 1 percent construction progress with 105 flats sold and 173 for sale as of 12 November 2026.

This guide to King Tamar by Archi Tbilisi reads the developer’s page as it stood on that date and sets every third-party figure for price, handover, units and address beside it, each with its source and date. archi.ge prints no price, handover date or payment plan for the tower, so the guide shows what listing sites and brokers print, does not choose between them, and adds sourced background on the Saburtalo location and on buying, taxes and residence in Georgia.
The developer’s project page, archi.ge/en/block/archi-king-tamar, presents the building as a residential complex in Saburtalo with city views, designed by the architect Wei Yap Ooi and carried out “in collaboration with Ibercompany Holding”. The listed infrastructure is a fitness centre, swimming pool, spa, cinema and cafe. The materials listed are Ytong blocks and low-emissivity glass, and the long description adds aluminium composite panels and glass balconies.

The page gives an address field of “15 Merab Aleksidze St, Tbilisi” and a location paragraph that says the complex stands on King Tamar Avenue, one minute from Heroes Square, five minutes from Tbilisi Concert Hall and ten minutes from Dinamo Stadium, without saying whether those times are on foot or by car. Its construction status is “Ongoing” at 1 percent, and the progress gallery, which other Archi projects use for monthly photographs, is empty.
Two things the page does not print matter most to a buyer: a price for any unit and a handover date. The flats list returns a price of 0 for every unit, the payment-terms field is empty and the page has no completion date. The only price per square metre found for King Tamar by Archi Tbilisi comes from Korter, which shows prices and availability as of 26 October 2026.
| King Tamar by Archi Tbilisi: key facts | As published (archi.ge, 12 November 2026, unless stated) |
|---|---|
| Location | Tbilisi, Saburtalo district; address field 15 Merab Aleksidze St; coordinates 41.71585, 44.784432 in the page data |
| Developer | Archi (archi.ge); “in collaboration with Ibercompany Holding” per the same page |
| Status | Ongoing, 1 percent construction progress; no progress photographs on the page |
| Floors | 32 per Korter and Wikipedia (not stated as a number on archi.ge, whose floor selector runs from -1 to 32) |
| Units | 105 sold and 173 for sale, so 278 flats (calculated from the two counters), plus 2 offices in the for-sale list |
| Sizes for sale | Flats 39.5 to 287.2 m²; offices 842.7 m² and 1,208.9 m² |
| Room counts for sale | 1-room 15; 2-room 117; 3-room 40; 5-room 1 (archi.ge room count; bedroom numbers are not published) |
| Parking | 152 numbered spaces on six levels (-3, -2, -1, 2, 3, 4); 32 marked sold, 120 not sold |
| Price | Not printed by the developer; Korter prints from USD 2,887 per m² (data as of 26 October 2026) |
| Handover | Not printed by the developer; Korter prints Q3 2029 |
| Payment plan | Not printed by the developer; Korter says an instalment plan is available, details from the developer |
| Finish | Not stated by the developer; Korter prints “green frame” |
| Facilities listed | Fitness centre, swimming pool, spa, cinema, cafe |
Public information on King Tamar by Archi Tbilisi comes from the developer, from its partner’s announcement, from a sponsored article, from a listing site and from brokers. The table below puts the figures side by side. Each cell holds the value with its source and date, and the guide does not rank the sources. The developer’s page is quoted as “per the developer” and every other figure as “per” the named site on the date shown.

| Item | Per the developer (archi.ge, 12 November 2026) | What third parties print |
|---|---|---|
| Floors | No floor count; floor selector from -1 to 32 | Korter (26 October 2026): 32 floors. Wikipedia (accessed 12 November 2026): 32 storeys. OPR (undated, seen 12 November 2026): 32-storey |
| Apartments | 105 sold and 173 for sale; 2 offices in the for-sale list | Korter: 278 apartments and 94 listings for sale. Wikipedia: 278 apartments (cites Korter and Ibercompany). OPR: 278 residences |
| Address | 15 Merab Aleksidze St (address field); location text says King Tamar Avenue | Korter: Merab Aleksidze St. 15. Realting: Merab Aleksidze Street. Ibercompany (1 August 2025): Alexidze Street. Forbes Georgia paid placement (1 August 2025): King Tamar Avenue |
| District | Saburtalo | Saburtalo in Korter, Ibercompany, OPR and Wikipedia; Realting prints no district |
| Handover | None printed | Korter (26 October 2026): Q3 2029. Wikipedia: third quarter of 2029, citing Korter. OPR: 2029. Realting (updated 15 October 2025): year of construction 2027 |
| Flat sizes | For-sale list 39.5 to 287.2 m²; unit filter 28.4 to 1,208.9 m² (includes sold stock) | Korter: studios 39.5 to 40.1 m², 2-room 33.6 to 105.9 m², 3-room 70.4 to 140.4 m². OPR: 28.4 to 282.8 m² |
| Price | None printed (price 0 on all 175 list rows) | See section 3 |
| Payment plan | None printed | Korter: instalment available, details from the developer. OPR: 0 percent instalments over 28 months (broker page, undated) |
| Finish | Not stated | Korter: green frame |
| Commercial space | 2 offices (842.7 and 1,208.9 m²) in the for-sale list | OPR: commercial and office space of more than 41,600 m² (broker figure, basis not stated) |
| Parking | 152 numbered spaces, levels -3 to 4 | Korter: underground parking |
| Architect | Wei Yap Ooi | Ibercompany and Forbes placement name the same architect; Forbes calls him founder of Wei Yap Architecture |
| Partner | “In collaboration with Ibercompany Holding” | Ibercompany: launching construction “through a joint partnership”. Forbes placement: developed “in partnership with Ibercompany Holding” |
Most of the differences are of the ordinary kind between a developer’s own list and aggregated pages: a unit count that matches across sources, a size range that starts at different values, and a handover that only third parties print. The next paragraphs explain the points where the wording needs a closer look.
The lower bound of 28.4 m² on archi.ge’s area filter and in the OPR range equals the living area that the page data returns for the 39.5 m² one-room layout, and Korter’s lowest two-room figure of 33.6 m² equals the living area of four layouts whose total areas are 40.5 to 48.6 m². The pages do not say which measure each range uses, so the sizes in this guide are the total areas from the for-sale list.
The OPR figure for commercial space is a broker’s statement. The developer’s list shows two offices for sale, and the page does not give a retail area. A buyer interested in the commercial part should ask the developer for the schedule of commercial units, as listed in section 9.
Prices for the tower exist only on third-party pages. None of them is an Archi price list, and each is shown here as the listing site or broker prints it, with the date it carries. Korter marks every layout “price upon request” and prints only a per-square-metre starting figure, so the figures are indications of the lowest advertised level and not offers.
| Source | Date | Figure as printed | Approx. GEL at the NBG rate of 2.5933 (12 November 2026) | What it covers |
|---|---|---|---|---|
| archi.ge | 12 November 2026 | No price (0 on all rows) | n/a | Developer’s flats list and price filter |
| Korter | Data as of 26 October 2026 | From USD 2,887 per m² | 7,487 per m² | Listing-site starting figure; per-layout price upon request |
| Realting | Updated 15 October 2025 | From USD 87,500 and from USD 2,500 per m² | 226,914 per unit; 6,483 per m² | Listing-site header figures; unit type not stated |
| OPR | Undated; seen 12 November 2026 | Launch price from USD 111,640 | 289,516 per unit | Broker page; unit type not stated |
The three figures cannot be reduced to one. They carry different dates, two are per unit and two are per square metre, and none says which layout, floor or finish it describes. The Korter and Realting per-square-metre figures differ by USD 387 (15.5 percent of the lower one), which is a difference of listing dates and sources and not a statement about the price of any flat.
To show what a per-square-metre figure would mean for the sizes on the developer’s list, the table below multiplies Korter’s starting figure by the total area of selected layouts. This is arithmetic only. Korter does not print a price for any layout, units on higher floors or with different features may sit above the starting figure, and the contract price is what the developer’s price list states.
| Layout (total area from archi.ge’s list) | Area, m² | Area x USD 2,887, USD (arithmetic only) | Same in GEL at 2.5933 |
|---|---|---|---|
| Smallest one-room layout (floor 8) | 39.5 | 114,036 | 295,731 |
| Bigger one-room layout | 40.1 | 115,769 | 300,223 |
| Median two-room unit | 60.5 | 174,664 | 452,955 |
| Biggest two-room layout (floor 7) | 105.9 | 305,733 | 792,858 |
| Median three-room unit | 114.4 | 330,273 | 856,496 |
| Biggest three-room layout (floor 7) | 152.1 | 439,113 | 1,138,751 |
| The single 5-room flat (floor 27) | 287.2 | 829,146 | 2,150,225 |
For context on a different basis, Georgia Today reported on 26 October 2026, citing Geostat‘s third-quarter 2026 index, that new apartments in Saburtalo averaged GEL 4,444 per square metre and new private houses GEL 3,543, against GEL 7,004 in Mtatsminda and GEL 6,046 in Vake (Georgia Today report).
Korter’s USD 2,887 is GEL 7,487 at today’s rate. The Geostat figure is an average of the new-build apartments recorded in the whole district, while Korter’s is a starting figure for one project, so the two are not like for like and no conclusion is drawn from the gap.
The USD 150,000 residence threshold also needs a value method. At USD 2,887 per square metre, a unit would need more than 51.96 m² of total area to pass USD 150,000, which 141 of the 173 flats on the for-sale list exceed. The Public Service Development Agency, however, uses a certified assessor’s market value, not the contract price or a listing figure, as section 8 explains.
At 1 percent construction progress, King Tamar by Archi Tbilisi is among the earliest-stage Archi projects on this site, and the stock list is the most informative thing the developer publishes. The developer’s project data counts 105 flats sold and 173 for sale, which is 37.8 percent and 62.2 percent of the 278 flats (calculated). The for-sale list is returned by the developer’s public flats search, contains only unsold stock and marks no unit as booked.

The 173 flats on the developer’s list should not be read as the same set as the 94 listings that Korter shows for sale. Korter’s count has a different date and a different aggregation, and the guide records both without reconciling them. The tables below are calculated from the 175 rows the flats search returned on 12 November 2026: 173 flats and 2 offices.
| Room count (archi.ge) | Flats for sale | Total area, m² | Average, m² | Floors in the list | Distinct layouts | Korter row |
|---|---|---|---|---|---|---|
| 1-room | 15 | 39.5 to 40.1 | 39.7 | 8 to 30 | 2 | Studios 39.5 to 40.1 m² |
| 2-room | 117 | 39.6 to 105.9 | 61.2 | 7 to 30 | 53 | 2-room 33.6 to 105.9 m² |
| 3-room | 40 | 70.4 to 152.1 | 114.3 | 7 to 30 | 21 | 3-room 70.4 to 140.4 m² |
| 5-room | 1 | 287.2 (living area 198.8) | 287.2 | 27 | 1 | Not listed |
| All flats | 173 | 39.5 to 287.2 | 72.9 | 7 to 30 | 77 | Combined area 12,617.6 m² (calculated) |
| Offices | 2 | 842.7 and 1,208.9 | 1,025.8 | 6 and 5 | 2 | Not listed |
The mix is weighted to two-room units, which are 117 of 173 flats (67.6 percent, calculated), against 40 three-room flats (23.1 percent) and 15 one-room flats (8.7 percent).
The one-room units come in only two layouts, 39.5 m² (nine units) and 40.1 m² (six units), while the two-room units come in 53 different layouts, and that variety is where the area range from 39.6 to 105.9 m² comes from. Fifteen two-room units are under 50 m², 37 are between 50 and 60 m², 42 between 60 and 70 m², 19 between 70 and 80 m² and 4 are 80 m² or more.
The room counts are the developer’s own. The page does not publish bedroom counts, so a “two-room” unit may have one or two bedrooms, and the layout drawing is what shows it. OPR describes the range as studios and one- to four-bedroom apartments, and the guide treats that as a broker’s description.
| Floor band | Flats for sale | 1-room | 2-room | 3-room and larger |
|---|---|---|---|---|
| Floors 7 to 15 | 71 | 6 | 50 | 15 |
| Floors 16 to 23 | 54 | 5 | 37 | 12 |
| Floors 24 to 30 | 48 | 4 | 30 | 14 |
Units for sale spread across floors 7 to 30. Floors 7, 8, 11 and 24 each list nine flats, floor 15 lists five, and floor 28 lists only two.
Floor 7 lists the biggest two-room layout (105.9 m²) and the two biggest three-room layouts (140.4 m² and 152.1 m²), and the single 5-room flat is on floor 27. The two offices are on floors 5 and 6, and no flats are listed on floors 5 and 6. The floor selector flags floors -1, 1, 31 and 32 as fully sold, and it lists no stock for those floors; the page does not state what floors -1 and 1 contain.
Parking is published as a numbered ledger by level. The 152 spaces sit on three lower levels and three upper levels, which the page numbers -3, -2, -1, 2, 3 and 4. The ledger flags 32 as sold. The page prints no price for a space, and the 152 spaces correspond to 0.55 spaces per flat counting the 278 flats alone (calculated), which is a ratio and not a view on adequacy.
| Parking level (archi.ge) | Spaces | Marked sold | Not marked sold |
|---|---|---|---|
| -3 | 27 | 0 | 27 |
| -2 | 21 | 7 | 14 |
| -1 | 18 | 10 | 8 |
| 2 | 30 | 13 | 17 |
| 3 | 35 | 2 | 33 |
| 4 | 21 | 0 | 21 |
| Total | 152 | 32 | 120 |
Four practical readings follow from the lists. First, a unit number and floor on the price list should match the developer’s list, because the for-sale list changes as units are sold. Second, the layout drawing for the specific unit, not the room count, shows the bedrooms. Third, the data returns a living area for each layout, and the difference to the total area is a non-living part that the page does not itemise. Fourth, parking numbers should be written into the contract with the unit.
The tower is listed in Saburtalo, one of the administrative districts of Tbilisi. Wikipedia gives the district a population of 139,000 in 2017 on a Tbilisi government source, and lists among its neighbourhoods Lower Saburtalo, Vedzisi, Lisi, Vashlijvari and Didi Dighomi. Archi’s other Saburtalo tower projects on this site are in Lisi, the IV Plateau and Vashlijvari, and section 10 lists them.

Heroes Square is the nearest landmark that the developer names. Wikipedia describes it as a monument to Georgians who died in the war against the Soviet army and in Abkhazia, near the Tbilisi Zoo; the memorial is 51 m high and carries more than 4,000 names carved in August 2008. The Tbilisi Zoo lies in the Vere River valley, was established by decision of the Tbilisi City Council on 10 February 1927 and occupies 120 hectares per the article’s infobox.
One boundary point should be recorded without being settled. OpenStreetMap’s address record for Heroes Square names the Saburtalo and Vera neighbourhoods within the Mtatsminda administrative district, while the developer, Korter, Ibercompany and the broker pages describe the project as Saburtalo. Neighbourhood names and district lines do not always coincide. The cadastral code that Korter prints for the site, 01.10.13.040.089, is the item to match against a Public Registry extract if the district matters for a document.
The distances below combine three kinds of evidence. The developer’s minutes and the listing sites’ statements are quoted as printed, with no travel mode where none is given. The straight-line distances are measured from the page’s coordinates (41.71585, 44.784432) to landmark points taken from OpenStreetMap. The walking and driving routes come from public routing services on 12 November 2026 and are indicative: they use the street network and one-way rules but not traffic, and the pin for a large site such as the zoo is a single point.
| Nearby places for King Tamar by Archi Tbilisi | Developer or third-party statement | Straight line | Walking route (routing service) | Driving route (routing service) |
|---|---|---|---|---|
| Heroes Square | Developer: 1 minute (mode not stated); OPR: 1 min | 354 m | 943 m, about 13 min | 875 m, about 2 min |
| Tbilisi Zoo | Korter: 570 m; OPR: 2 min | 772 m | 1.1 km, about 15 min | 3.8 km, about 6 min |
| Mziuri Park | Korter: about 1 km; OPR: 5 min | 1.1 km | 1.5 km, about 20 min | 3.0 km, about 5 min |
| Vere Park | Korter: nearby | 869 m | 1.3 km, about 18 min | 3.4 km, about 7 min |
| Sports Palace | Korter: nearby | 578 m | 868 m, about 12 min | 954 m, about 3 min |
| Technical University metro station | Korter: about a 10-minute walk; Realting: about 800 m | 817 m | 1.2 km, about 16 min | 1.6 km, about 3 min |
| Dinamo Arena | Developer: 10 minutes (mode not stated) | 914 m | 1.2 km, about 16 min | 2.2 km, about 4 min |
| Rustaveli metro station | OPR: Rustaveli Avenue 10 min | 1.4 km | 1.8 km, about 24 min | 2.3 km, about 4 min |
| Freedom Square | Not stated | 2.8 km | 3.2 km, about 43 min | 4.2 km, about 6 min |
| Tbilisi International Airport | Korter: about 30 minutes by car; OPR: 30 min | 15.2 km | not applicable | 21.4 km, about 28 min |
Method and licences: landmark coordinates are from OpenStreetMap contributors, driving routes from the demo server of Project OSRM, and walking routes from the OpenStreetMap Germany routing service. The table is a reading aid and not a promise of travel times. Korter’s text adds that a public transport stop lies within 300 m, with bus and minibus routes, and that the Didube bus terminal, coach and railway station are about 5 km away; those are the listing site’s statements and were not measured here.
The surrounding services that Korter lists, such as supermarkets, pharmacies, schools and universities within about 2 km, are likewise the listing site’s description. A buyer who cares about a particular school or clinic should check the route and the opening arrangements directly, because a listing site’s list of nearby facilities is not a survey.
The architect named on the developer’s page is Wei Yap Ooi. Forbes Georgia carries the project description as a labelled paid placement dated 1 August 2025, so it is treated here as the developer’s own text; it calls the architect the founder of Wei Yap Architecture and quotes him on the design.

The same date is on the announcement on ibercompany.ge, the partner’s own site, which says that Ibercompany and Archi are launching the construction “through a joint partnership” and describes the architecture as combining modern aesthetics with Georgian cultural elements.
The partner’s announcement does not state who owns the plot, which entity signs sale contracts, how the partnership divides the work, or any floor count, unit number, price or date. The developer’s page says only “in collaboration with Ibercompany Holding”. The role of each party is therefore a question for the contract, and section 9 lists it.
| Feature | archi.ge (12 November 2026) | Ibercompany (1 August 2025) | Korter (26 October 2026) |
|---|---|---|---|
| Fitness | Fitness centre; “European-standard” in the text | European-standard fitness centre | Fitness centre |
| Pool | Swimming pool (outdoor in the text) | Seasonal outdoor swimming pool | Outdoor pool; swimming pool |
| Spa | SPA | Fully equipped spa and sauna | Spa |
| Cinema | Movie theater | Modern cinema | Cinema |
| Cafe | Cafe | Cafe and lounge areas | Cafe |
| Materials | Ytong block; low-emissivity glass; aluminium composite panels and glass balconies in the text | German Ytong blocks, low-E glass, aluminium composite panels, glass balconies | Monolithic frame with thermal blocks (listing text) |
Ytong blocks are made in Georgia: Archi’s news item of 27 September 2021 on the Ytong factory opening in Tbilisi says that the factory was launched in 2015 with the Xella Group, the Partnership Fund and TBC Bank, that BK Construction joined in 2019, and that the joint spend was GEL 55 million.
The same item states, as the developer’s claim, that Ytong blocks have six times less thermal conductivity than conventional concrete blocks and that 40 percent less energy is spent on heating and cooling. These are marketing statements by the developer and are not tested here.
Korter’s architecture paragraph describes a dark glass tower with light horizontal floor bands, balcony slabs that project to different depths, and a lower block clad in timber-coloured slats whose roof carries a terrace with a swimming pool. It is a listing site’s description of the renders, not a construction document, and the developer’s own gallery is the better reference for what is intended.
Nothing on the developer’s page states a rental programme, a management company for the tower or a service-charge level. A buyer should ask who will operate the pool, spa, cinema and cafe after handover, whether they are shared with the commercial units, and how their running costs are divided among owners.
The developer’s page prints no purchase steps, so the sequence below comes from Georgian law and the registry’s published fees. Article 183 of the Civil Code requires a written transaction for acquiring an immovable thing, and the acquirer’s ownership right has to be entered in the Public Registry. Ownership therefore arises on registration, and payment or the handing over of keys does not create it.

A foreign buyer contracts under the same Civil Code rules as a citizen. The category where nationality matters is agricultural land, which Article 4 of the Organic Law on Agricultural Land Ownership limits to the state, municipalities, citizens and certain Georgian entities, and an apartment tower is not agricultural land. The guide on whether foreigners can buy property in Georgia covers the general position, and how to buy property in Georgia gives the usual order of steps.
The registry’s fees depend on the term chosen, not on the price. The NAPR fee page lists GEL 150 for registering a change of a right to immovable property within 4 working days, GEL 270 within 1 working day and GEL 350 on the day of filing. At the official rate of GEL 2.5933 per USD on 12 November 2026 those are about USD 57.8, USD 104.1 and USD 135.0.
The same page lists registration of an obligation related to an immovable property ownership right at the same three fees. That is the category a contract on a unit not yet built may fall under, and the contract and the registry confirm which applies.
A buyer who is abroad can either appoint an attorney under a power of attorney legalised for use in Georgia, or use the registry’s smart-contract service to register immovable property rights online in a booked virtual meeting. According to the Hague Conference’s status table, Georgia joined the Apostille Convention on 21 August 2006, and the convention took effect there on 14 May 2007. Loans for non-residents are discussed in the guide to mortgages for foreigners in Georgia.
| Step | Who | Typical time and fee | Source |
|---|---|---|---|
| Ask for the price list with unit numbers, the layout and the draft contract in writing | Buyer, developer | Not published by the developer | Developer page |
| Order a Public Registry extract for the plot | Buyer, NAPR | GEL 20 in 1 working day, GEL 13 online; GEL 26 extra for an English extract | NAPR informational services |
| Match the cadastral code to the extract | Buyer, lawyer | Korter prints 01.10.13.040.089; not checked against the registry here | Korter |
| Sign the written agreement | Buyer, developer | Date and terms set in the contract; not published | Civil Code, Article 183 |
| Pay under the schedule | Buyer | No schedule published by the developer | Developer page |
| Register the right or the obligation | Buyer, NAPR | GEL 150 in 4 working days, GEL 270 in 1 working day, GEL 350 on the day | NAPR fee page |
| Sign remotely, if needed | Buyer, NAPR | Booked virtual meeting; apostille in force for Georgia since 14 May 2007 | smart-contract service; status table |
| Residence-permit application, if wanted | Public Service Development Agency | GEL 300, 450 or 600 for a decision on the 30th, 20th or 10th calendar day | SDA residence permits |
The Tax Code of Georgia, in the consolidated text on the legislative portal for 15 to 28 October 2026, lists the national taxes and treats the property tax as a local tax. It contains no tax on the act of acquiring real estate, so the state charge on a purchase is the registration fee in section 7, and the taxes below fall on holding, letting and selling.

Property tax on natural persons changed on 30 September 2026. Article 202(5) now sets the rate on a natural person’s taxable property other than land at not less than 0.8 percent and not more than 1 percent of the market value at the end of the previous year, and Article 206(1)(a) exempts that property if the family’s income in the year before the current calendar year did not exceed GEL 100,000.
EY Georgia‘s tax brief for July to September 2026 reports the same change, gives the earlier exemption threshold as GEL 40,000 and says the amendment entered into force on publication.
The Revenue Service’s 2026 calculator for natural persons on its property tax page (in Georgian) offers the same two cases: family income in the previous year not above, or above, GEL 100,000. Guides written before 30 September 2026 carry lower bands and the GEL 40,000 threshold, and they no longer match the Code. The property tax in Georgia page explains the declaration steps under the current rule.
A worked range shows the Code’s band for the higher-income case. An apartment with a market value of USD 115,000 is GEL 298,230 at 2.5933. At 0.8 percent the annual tax is GEL 2,385.84, and at 1 percent it is GEL 2,982.30. The USD 115,000 is a round number near the arithmetic in section 3, not a price.
The rate within the band, the market value used and the family income test are decided case by case, and for a family whose previous-year income was GEL 100,000 or less the same apartment is exempt.
For rental income, Article 81(2) taxes at 5 percent the income that a natural person receives from letting residential space for residential purposes when no deductions are made. For a sale, Article 82(1)(f.a) exempts the surplus from selling a residential apartment or house with its attached land if it was owned for more than two years.
Article 34(2) makes a natural person a Georgian resident for the tax year after 183 or more days of actual stay in any continuous 12-month period ending in that year, which affects how income tax applies. The Revenue Service decides the position of a given taxpayer.
On residence, the Public Service Development Agency’s residence-permit page lists a short-term residence permit for an alien who holds title to immovable property in Georgia, other than agricultural land, with a market value exceeding USD 150,000 equivalent in lari, and for the spouse and children. The market value is established by a certified assessor of an accredited body.
The Law on the Legal Status of Aliens and Stateless Persons contains the same threshold. The page for an investment residence permit uses property exceeding USD 300,000 equivalent. The guide on getting a residence permit in Georgia walks through the application.
For financing, the National Bank of Georgia’s PTI and LTV page sets a maximum loan-to-value ratio of 90 percent for lari loans and 70 percent for foreign-currency loans, and payment-to-income limits by net monthly income, for example 20 percent of income below GEL 1,500 for foreign-currency loans and 25 percent for lari loans. Whether a bank lends against an unfinished unit in this tower is a question for the bank. All figures in this section were read on 12 November 2026.
| Item | Rule | Source |
|---|---|---|
| Acquiring ownership | Written transaction and registration in the Public Registry | Civil Code, Article 183 |
| Registration fee | GEL 150 (4 working days), GEL 270 (1 working day), GEL 350 (day of filing) | NAPR fee page |
| Property tax, family income above GEL 100,000 | 0.8 to 1 percent of market value at the end of the previous year | Tax Code, Article 202(5) |
| Property tax exemption | Natural person’s taxable property other than land if previous-year family income did not exceed GEL 100,000 | Tax Code, Article 206(1)(a) |
| Rent from residential space, no deductions | 5 percent income tax | Tax Code, Article 81(2) |
| Sale of a residential apartment owned over two years | Surplus exempt from income tax | Tax Code, Article 82(1)(f.a) |
| Short-term residence permit through property | Market value exceeding USD 150,000 equivalent in GEL, set by a certified assessor | SDA residence permits |
| Investment residence permit through property | Market value exceeding USD 300,000 equivalent in GEL | SDA residence permits |
| Mortgage limits | Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by income band | NBG PTI and LTV page |
| Exchange rate used | USD 1 = GEL 2.5933, official rate valid from 12 November 2026 | NBG official rates |
The developer’s page leaves price, handover, payment terms and the contracting entity unpublished, so each gap turns into a document or an answer that a buyer can request before paying. Some of these will sit in the reservation form and the rest in the sale agreement. The list is the normal process for an off-plan purchase and does not imply that any item is missing from the developer’s files.

The table lists the Archi projects in Tbilisi that sit nearest the tower by district, plus the Didi Dighomi projects, each with the status and the main published information from the project data checked on 12 November 2026. Archi’s pages print few prices, and the per-square-metre figures are Korter’s, with their dates. The entries are not ranked.

| Project | Area | Status as published | Published information |
|---|---|---|---|
| King Tamar by Archi Tbilisi (this page) | Saburtalo, Merab Aleksidze St | Ongoing, 1 percent | 278 flats (105 sold, 173 for sale); Korter handover Q3 2029; Korter from USD 2,887 per m² (26 October 2026) |
| Archi Universe Tbilisi | Saburtalo, 15a University St | Ongoing: Block A 65 percent, Block B 67 percent (archi.ge log, 13 October 2026) | 257 apartments per archi.ge; Korter 113 and 157; Korter handover Q2 2027; Korter from USD 2,162 per m² (25 October 2026) |
| Archi Nutsubidze 2 Tbilisi | Saburtalo, IV Plateau, K. Kapaneli St | Ongoing: Block A 91 percent | 265 sold plus 94 for sale per archi.ge; Korter 345 apartments; Korter handover Q4 2026; Korter from USD 1,415 per m² (25 October 2026) |
| Archi Lisi Sunrise Tbilisi | Saburtalo, Lisi, 11 Mukhran Machavariani St | Ongoing: Blocks B and C 62 percent each; six buildings planned | 30 sold plus 56 for sale per archi.ge; Korter handover Q1 2027; Korter from USD 2,050 per m² (26 October 2026) |
| Archi Panorama Tbilisi | Saburtalo, Vashlijvari, Marshal Gelovani Ave | Ongoing: 33 percent (archi.ge log, 13 October 2026) | 231 apartments in the description and 208 in the infrastructure text; Korter handover Q2 2027; Korter from USD 1,240 per m² (26 October 2026) |
| Archi Alley Tbilisi | Didi Dighomi, David Aghmashenebeli Alley | Blocks A and B completed, Block C ongoing at 0 percent | Counters A 221, B 367, C 194 (sold plus for sale); Korter Block C Q1 2029; Korter from USD 1,070 per m² (26 October 2026) |
| Archi Dighomi 3 Tbilisi | Didi Dighomi, King Pharnavaz Ave | Blocks A and B completed, Blocks C and D ongoing at 48 percent | 149 units listed for sale; Korter Blocks C and D Q2 2027; Korter from USD 1,250 per m² (25 October 2026) |
This site also lists Archi’s other Tbilisi projects, Grand Avenue, Archi Horizon, Archi Rivertown, Archi Lilacs, Archi Kikvidze Garden, Archi Akhmeteli, Archi Guramishvili and Trump Tower Tbilisi, on their own pages. Outside Tbilisi, Archi’s Kobuleti Beach Resort is described on its page as a joint development with NEXT. The guide on Tbilisi real estate prices and the Tbilisi city page give wider market context, and the Georgia country page lists all projects in the country.
Archi is the developer named on the tower’s project page. The company’s About page, read on 12 November 2026, says its history began in 2006 and shows counters of 55 completed projects, 31 ongoing projects, 20 years of experience, 1,568,653 m² of completed construction and 1,238,468 m² of ongoing construction. Those are the company’s own figures, and no total of delivered apartments is published.
Archi’s news item for its fifteenth anniversary (4 July 2021) says the company was founded by Ilia Tsulaia, Meni Benish and Irakli Kapianidze in 2006, entered development in 2008 and gained Zaza Pachulia as a co-owner in 2018. The group also makes building blocks: the Ytong factory in Tbilisi opened in 2021 with partners named in section 6. In June 2024 Archi announced an agreement with Deloitte for audit services (archi.ge news).
The project page for the tower describes the collaboration with Ibercompany Holding but does not name the entity that will sign sale contracts. Ibercompany’s own site carries one announcement about the project, dated 1 August 2025. Ownership percentages of Archi are not published in the sources read for this guide, and the Georgian company registry was not queried.
The tower has commercial units and 32 floors per Korter and Wikipedia; Archi lists it at 15 Merab Aleksidze Street in Saburtalo. As of 12 November 2026 archi.ge shows it as Ongoing at 1 percent progress, with 105 flats sold and 173 for sale, five facilities (fitness centre, swimming pool, spa, cinema and cafe) and a collaboration with Ibercompany Holding. The page prints no price, handover date or payment plan.
The developer’s address field reads 15 Merab Aleksidze St, Tbilisi, and its location text says the complex stands on King Tamar Avenue in Saburtalo, one minute from Heroes Square. Korter, Ibercompany, OPR and Wikipedia also say Saburtalo. OpenStreetMap’s address record for Heroes Square names the Saburtalo and Vera neighbourhoods within the Mtatsminda district. The Public Registry extract for the cadastral code shows the legal position.
The developer prints no price, and every unit in its list carries a price of 0. Korter prints a starting figure of USD 2,887 per m² (data as of 26 October 2026), Realting prints from USD 87,500 and USD 2,500 per m² (updated 15 October 2025), and OPR prints a launch price from USD 111,640 (undated). These are listing-site and broker indications, not Archi prices. The contract price is the one on the developer’s price list.
The developer’s page prints no handover date. Korter prints Q3 2029 (26 October 2026), Wikipedia repeats it citing Korter, OPR prints 2029 and Realting, in a listing updated on 15 October 2025, prints a year of construction of 2027. The handover date that binds is the one written into the sale contract, so it should be requested in writing before any payment.
Archi’s project data counts 105 flats sold and 173 for sale, which sum to 278 flats, and its for-sale list also holds two offices. Korter and Wikipedia print 278 apartments, and Korter shows 94 listings for sale on 26 October 2026. The developer’s list is the one that changes as units are sold, so the current count should be confirmed with the developer.
The for-sale list holds 15 one-room flats of 39.5 to 40.1 m², 117 two-room flats of 39.6 to 105.9 m², 40 three-room flats of 70.4 to 152.1 m² and one 5-room flat of 287.2 m², plus offices of 842.7 and 1,208.9 m². The page does not publish bedroom counts, so the layout drawing shows the bedrooms of a given unit.
Archi is the developer named on the project page, which says the project is implemented in collaboration with Ibercompany Holding. Ibercompany’s own announcement of 1 August 2025 says the two are launching construction through a joint partnership. Neither page says which entity signs the contract or how responsibilities are divided, so the contracting entity’s name and registration details should be requested in writing.
Foreigners buy non-agricultural property in Georgia under the Civil Code on the same basis as citizens, and ownership arises on registration in the Public Registry. The Public Service Development Agency lists a short-term residence permit for title to property, other than agricultural land, with a market value exceeding USD 150,000 equivalent in lari, set by a certified assessor. A unit at or below that value does not qualify on that route.
Under the Tax Code as amended on 30 September 2026, a natural person’s property other than land is exempt from property tax when the previous year’s family income was GEL 100,000 or less, and above that the rate is 0.8 to 1 percent of market value. Rent from residential space with no deductions is taxed at 5 percent under Article 81(2), and the surplus on selling a residential apartment owned over two years is exempt under Article 82(1)(f.a).
The buyer and developer sign a written agreement, and the right is registered with the National Agency of Public Registry. NAPR lists GEL 150 for registration in 4 working days, GEL 270 in 1 working day and GEL 350 on the day of filing, about USD 57.8, 104.1 and 135.0 at GEL 2.5933 per USD. The same fee page also lists the registration of an obligation related to an ownership right at the same three fees.
Last checked: 12 November 2026. Sources:
This is not legal, tax or financial advice.
