m2 Highlight Tbilisi: Two-Tower Price Ladder Guide (2026)

m2 Highlight Tbilisi is a two-tower development of 36 and 26 floors on Marshal Gelovani Avenue by m², listed by the developer with completion in 2027 and, on 12 November 2026, 69 two-bedroom flats on sale at asking prices from USD 193,141.

This guide to m2 Highlight Tbilisi reads the developer’s pages as they stood that day and sets beside them what Korter, Avezor and the press print. Where the sources differ on the address, the unit totals or the smaller flat sizes, each figure is shown with its source and date, and the guide adds district and access context, price tables by floor and the Georgian rules on buying, tax and residence.

Overview of m2 Highlight Tbilisi

On 12 November 2026 the developer’s website lists 422 flats in the two towers of m2 Highlight Tbilisi, of which 353 are marked sold and 69 are for sale. The 69 are all two-bedroom flats of 116.35 to 141.62 m², with asking prices from USD 193,141 to USD 260,580.8. That is the picture on m2.ge and its apartments page, read on that date.

The project is m²’s first high-rise: Block 11 and Block 12 on Marshal Gelovani Avenue, described by the developer as two glass towers of 36 and 26 floors beside its m³ Saburtalo district. The developer lists completion for both buildings as 2027, a white-frame-plus finish, and three ways to pay: a single payment, a mortgage, or an in-house instalment plan.

Several details differ between sources. Listing sites give another street address and a different split of the 422 flats, and they print smaller flats that the developer’s own price grid does not show. This guide reports each figure with its source and date in tables, does not choose between them, and adds sourced background on the district and on buying, taxes and residence in Georgia.

Prices below are asking prices printed by the developer and change without notice. Figures from Korter and Avezor are labelled as listing-site indications. Nothing here is a price list, an offer or a promise of any outcome.

What each source prints about address, units, towers and completion

Four kinds of fact differ between the developer and the listing sites: where the project is, how many flats it has, when it completes and what the smaller unit types are. The tables give each source’s wording and date. The guide keeps all of them and none is treated as the correct one.

Address first. The developer’s English, Russian and Georgian project pages all print the number 23 on Marshal Gelovani Avenue. The same site’s address record and its offers pages use “1, Marshal Gelovani Ave.” for this project and for m³ Saburtalo, while a news item of 28 October 2025 about m³ Saburtalo prints “Marshal Gelovani Avenue 23”. The number therefore varies even inside the developer’s own pages.

The district label has a documented reason to vary. According to Wikipedia, Saburtalo district includes the neighbourhoods Didi Dighomi, Patara Dighomi and Dighomi village among others, while Wikipedia on Didube district says Didube district includes Didube and Dighomi Massive. A name on a portal is not a legal address. The Public Registry extract and cadastral code for the plot are the documents that give the registered description.

Unit counts come next. The developer’s project page prints a total, a sold count and a for-sale count that agree with its grid: 69 flats are listed individually, 61 of them not reserved and 8 labelled reserved. The page data splits the 61 as 34 in Block 11 and 27 in Block 12.

The interview is on cbw.ge. The 128 m figure and the “up to 500” figure are the general director’s words at the start of sales, and the guide does not treat either as a registered or permitted value. Korter’s per-block counts and the developer’s project total cannot both describe the same split, which is why a unit schedule in the contract matters (section 9).

Completion is printed as a year or a quarter, depending on the source, and the offers pages print payment dates in 2027 that are separate from any handover date.

A buyer can see from the table that the developer states a year and one reseller states a quarter. The date that binds the developer is the one in the sale contract, and what the contract counts as handover (keys, act of acceptance or registry entry) is a point to settle in writing.

Unit types, plan areas, white frame and shared facilities

Every flat on the developer’s price grid is a two-bedroom flat. The grid shows two plan families: a standard flat of 116.35 to 117.54 m² and a larger flat of 140.8 to 141.62 m². Three sites describe these flats with three labels, so a reader comparing pages should match areas, not names.

Korter’s text describes “1- and 2-bedroom apartments, ranging from 68.98 to 141.62 m²”, and Avezor lists a 70.21 m² unit from USD 107,421. The developer’s grid, read the same day, has no flat below 116.35 m². The guide does not list the smaller sizes as available. Whether such flats exist in the unsold or reserved stock, or were sold earlier, is a question for the developer’s unit schedule.

The unit plans on m2.ge give room areas. Two plans were read for this guide: flat 355 (Block 12, floor 16, 116.95 m²) and flat 310 (Block 12, floor 10, 141.62 m²). The table reproduces the labelled rooms. The combined living-and-kitchen figure on the grid is the sum of the two separate areas (24.82 plus 7.66 gives 32.48), so the table does not add them twice.

The plan headings print the sum: 89.87 + 4.62 + 3.91 + 8.87 + 9.68 = 116.95 for flat 355, and 119.5 + 2.59 + 16.94 + 2.59 = 141.62 for flat 310. Calculated from those figures, terraces and balconies are 23.2 percent of flat 355’s total area and 15.6 percent of flat 310’s. The price per m² on the grid is therefore a price per m² of total area with outdoor space included.

For flat 355 the asking price of USD 197,645.5 is USD 1,690 per total m² and, calculated on the 89.87 m² interior alone, about USD 2,199 per m². For flat 310, priced at USD 260,580.8 and labelled reserved, the figures are USD 1,840 per total m² and about USD 2,181 per interior m². These are calculations from the developer’s plan and grid, not figures the developer prints.

Finish is “white frame +” on the developer’s page, with a specification list in five groups. Korter also prints white frame. The list shows what is in place at handover. It does not mention interior doors, a kitchen, sanitary fittings or floor and wall finishes beyond screed and plaster, so what the buyer completes is a point to confirm in writing.

Shared facilities, as the developer’s text lists them, are open terraces, shared coworking spaces, office and commercial areas, underground parking and professional on-site complex management. The text also names design principles: inclusive accessibility, energy efficiency, advanced safety systems and gender-responsive design.

Korter adds podium courtyards with playgrounds and sports zones, a usable rooftop on a glass-wrapped podium and lifts from the parking level to every residential floor. Those items are Korter’s generated description and are not in the developer’s text, so they belong on the list of things to ask about, not on the list of published facilities.

Two towers, one price ladder: asking prices by floor in Block 11 and Block 12

The price grid is the most detailed public data about this project, because each of the 69 flats carries a block, floor, flat number, area and USD price. Read together, the rows show one price ladder in each tower. Prices per m² step up with floor height, and the steps are not the same in the two towers.

The first table summarises the grid by tower and unit group on 12 November 2026. “Reserved” is the label the grid prints. Every figure comes from the developer’s apartments page; the price per m² is the price divided by the total area, which the grid also prints.

The ladder itself appears when the flats are grouped by floor. In Block 11 the 18 standard flats on floors 3 to 14 that are not reserved cost USD 1,660 to 1,722 per m². The 11 on floors 20 to 30 are all USD 1,840. The two on floors 31 and 32 are USD 1,960.

In Block 12 the 11 flats on floors 3 to 6 are USD 1,660 to 1,690, the 10 on floors 7 to 19 are USD 1,690 to 1,700, and the 6 on floors 20 to 25 range from USD 1,700 to 1,880.

Calculated from those rows, the lowest and highest not-reserved standard flats in Block 11 are USD 193,141 (floor 3, 116.35 m²) and USD 229,496.4 (floor 32, 117.09 m²), a difference of USD 36,355.4 or 18.8 percent on nearly identical areas. The per-m² step from floor 14 (USD 1,690) to floor 20 (USD 1,840) is USD 150, or 8.9 percent. The step from floor 30 to floor 31 (USD 1,840 to USD 1,960) is USD 120, or 6.5 percent.

Block 12 rises less over its height: not-reserved standard flats go from USD 1,660 to USD 1,880 per m², or 13.3 percent, against 18.1 percent from USD 1,660 to USD 1,960 in Block 11.

Its floors 7 to 19 stay within a USD 10 band per m², it then steps to USD 1,840 from floor 20, and the grid has two prices for the same area on floor 21: flat 394 at USD 198,815 (USD 1,700 per m²) and flat 393 at USD 215,188 (USD 1,840 per m²), both 116.95 m². The grid does not say what separates them, and no source read says whether orientation, view or terrace layout is the reason.

Block 11 has the same pattern at lower floors. Floor 5 carries flats at USD 1,680, 1,690 and 1,722 per m², and flat 11_5_18 at USD 202,076.7 is the one priced above its neighbours. A buyer comparing two flats should therefore ask for the plan and the exposure of each, because the floor number alone does not explain the grid.

At the National Bank of Georgia rate of USD 1 = GEL 2.5933 for 12 November 2026 (NBG official rates), the grid’s lowest price is about GEL 500,873 and its highest about GEL 675,764. The developer prices in USD, so a buyer paying in lari should ask which rate and which date the contract uses.

The grid shows only flats still on sale, so it says nothing about the 353 sold flats. Averages over the 58 not-reserved standard flats are USD 203,415 per flat (median USD 198,220), and the unweighted mean price per m² is about USD 1,758 in Block 11 and USD 1,714 in Block 12. These are arithmetic means of what remains on sale and are not a market price for the building.

Price indications by source and date

Three sites print prices for this project, and their dates differ. The developer’s grid is the only one that prices individual flats. Korter shows “price upon request” for the 3-room flats and a headline per-m² figure. Avezor, a reseller, prints from-prices by room count. The table sets them side by side.

Korter’s and Avezor’s minimum per-m² figures are lower than the developer’s lowest grid figure of USD 1,660. The pages do not explain the difference. Avezor’s three from-prices each equal USD 1,530 multiplied by the area (178,015 for 116.35 m², 107,421 for 70.21 m², 178,535 for 116.69 m²), which shows one per-m² rate applied to each size and not flat-by-flat prices. The guide records the figures and does not reconcile them.

Market context comes from GBC, which reports Galt and Taggart data for June 2026: an average primary-market price of USD 1,417 per m² in Tbilisi, 4,503 apartments sold in the month on Public Registry data (2,279 of them on the primary market, with the article noting that primary-market registry data are affected by the timing of registrations), and 22,799 transactions worth USD 2.0 billion in the first half of 2026. The article does not break the average down by district, height or finish.

Against that city-wide average, the developer’s grid per-m² range of USD 1,660 to 2,130 sits above USD 1,417 by 17 to 50 percent, calculated. The article does not say which finish levels or building types the average covers, so the comparison is a reference point and not a valuation. The guide on Tbilisi prices gives further context: Tbilisi real estate prices.

Korter’s page also lists nearby and related projects with from-prices per m². Those that have a page on this site are shown as printed, with the portal as the only source.

These figures are portal minima for different unit types, finishes and completion dates, so they are not like-for-like. They show only where each project’s headline sits on one portal on one day.

Payment terms and offers as m2.ge prints them

The developer’s project page says a flat can be bought by a single payment, a mortgage or an in-house instalment. For the instalment it prints four terms: annual interest 0 percent, minimum down payment 10 percent, a term until the end of construction, and the purchased flat as collateral. For a mortgage it says the conditions “differ according to the bank’s current terms” and names no bank.

The offers page prints separate plans that depart from the 10 percent minimum, and the developer calls them non-standard. Each card is headed “Before” and a date. On 12 November 2026 all three dates for this project (30 July 2026, 15 June 2026 and 30 August 2025) are in the past, and the cards are still shown. Whether any of these plans can still be had is a question for the developer.

Two points follow from the table. First, the 2026 plans set the payment of the whole price by 30 June 2027, and the developer lists completion only as “2027”. Whether the last payment is tied to the handover act or to the calendar date is a contract term worth confirming. The wording “by” in one line and “on” in the next also needs a schedule that shows the exact dates.

Second, a cash discount and a 0 percent instalment are two prices for the same flat. On the lowest grid price of USD 193,141, a 4 percent discount would be USD 7,725.64, which gives USD 185,415.36 in a full upfront payment if the June 2026 offer applies. The difference between that figure and the instalment price is the effective cost of paying later, even at a 0 percent interest rate, and the contract should show both numbers.

Mortgages are governed by bank terms. The National Bank of Georgia sets a loan-to-value limit of 90 percent for lari loans and 70 percent for foreign-currency loans, with payment-to-income limits that depend on income; the details are in section 8. A buyer who plans a mortgage should ask which banks have accepted the project and whether the white-frame state of the flat affects the bank’s valuation.

Location of m2 Highlight Tbilisi: Marshal Gelovani Avenue, Dighomi and routes to the centre

Tbilisi has 1,369.4 thousand residents on 1 January 2026, according to Geostat, which says more than one third of Georgia’s 3,941.1 thousand people live in the capital. The project stands at the coordinates printed by the developer, 41.748251 north and 44.771002 east, about 6.6 km from Freedom Square in a straight line (calculated).

The developer places it on Marshal Gelovani Avenue, next to its own m³ Saburtalo district. A news item on m2.ge dated 28 October 2025 says the Central Park of m³ Saburtalo opened on 19 October with a lake, pedestrian and bicycle paths, a sports ground and a pet area. The developer describes m³ Saburtalo as an adjacent district; the guide has no source that measures the distance.

On the city map, the labels in section 2 explain why a portal can say Saburtalo or Dighomi for the same site. Wikipedia lists Didi Dighomi and Patara Dighomi within Saburtalo district, and Dighomi Massive within Didube district. Anyone who needs the district for a document should read it from the registry record, not from a listing.

Transport is described by Korter, whose text lists a public transport stop about a one-minute walk away, the Grigol Robakidze Bridge, the central railway station and the Didube bus terminal about four minutes by car, and the airport about 30 minutes by car. Those are the portal’s generated figures.

For comparison the table adds distances calculated for this guide. Straight-line figures use the site coordinates and the coordinates on the Wikipedia pages for Didube station, Station Square, Freedom Square and the airport. Road figures come from Project OSRM, an OpenStreetMap-based router, without traffic, on 12 November 2026.

The routing results put the central railway station area at about ten minutes by road without traffic, compared with the portal’s four. The two figures may refer to different points. For Didube station the straight line is 0.77 km, but the route returned by the router is about 3.19 km because it runs along Marshal Gelovani Avenue and crosses the Mtkvari on the Shalikashvili Bridge.

Wikipedia describes Didube as one of two overground stations of the Tbilisi metro, on the Akhmeteli-Varketili line, open since 11 January 1966. A buyer who relies on the metro should walk or ride the route at the hours they will use it, because the straight-line and road figures differ.

Korter names schools (public schools No. 147, No. 4 and No. 158 and Projector School), clinics (Medi Comfort Clinic Digomi, Evex Clinics, Central Republican Hospital), shops (Agrohub, Bricorama, Bellona, Madagoni) and leisure venues (Villa.Stage, 10a Korp sports complex) in the surroundings. These are names in the portal’s generated text and are not checked here. The developer’s own page names no neighbouring facility beyond m³ Saburtalo.

Buying in Georgia: registration, taxes, residence and financing

Article 183 of the Civil Code says a transaction to acquire an immovable thing must be in writing and the acquirer’s ownership must be registered in the Public Registry. The restriction on foreign ownership found in the sources read for this guide concerns agricultural land, which Article 4 of the Organic Law on Agricultural Land Ownership reserves to the state, municipalities, citizens and certain Georgian entities. A flat in a city tower is not agricultural land.

The guides on whether foreigners can buy property in Georgia and on how to buy property in Georgia cover the basics.

For a building still under construction, the contract and the registry entries do the work that a title deed does for a finished flat. The table follows the usual order and gives the fees printed by the National Agency of Public Registry (NAPR). At GEL 2.5933 per USD, the three registration fees are about USD 57.8, 104.1 and 135.0. The fee depends on the speed chosen and not on the price.

A buyer abroad can use a legalised power of attorney. The Hague Conference status table lists Georgia as a party to the Apostille Convention, in force since 14 May 2007. The alternative is the registry’s online smart-contract service, where the parties reserve a time for a virtual meeting. Which of the two the developer accepts is a point to confirm.

Property tax for individuals changed on 30 September 2026. The English text of the Tax Code now lists Law No. 1874 of that date among its amendments. Under Article 202(5) the rate on a natural person’s taxable property other than land is 0.8 to 1 percent of its market value at the end of the previous year, and Article 206(1)(a) exempts that property if the family’s income in the previous year did not exceed GEL 100,000.

The EY Georgia brief for July to September 2026 gives the earlier threshold as GEL 40,000, which older guides still carry.

As an illustration of the rate range only, 0.8 to 1 percent of a value of USD 193,141 is USD 1,545 to USD 1,931 a year, if the market value were that figure and the family’s income were above the threshold. The Code takes market value at year-end, set by the tax authority, and not the contract price.

Article 201(1)(c.a) covers real estate “including an unfinished construction” owned by a natural person, so whether an off-plan buyer is taxed before registration depends on the contract and the registry record.

A natural person files the return by 1 November and pays by 15 November (Article 205). The Revenue Service offers a 2026 property tax calculator for individuals. The guide to property tax in Georgia covers the filing steps, and older versions of such guides can carry the earlier bands.

Other taxes in the Code: a natural person pays 5 percent on residential rent received with no deductions (Article 81(2)) and on the surplus from selling a residential apartment (Article 81(3)). Article 82(1)(f.a) exempts that surplus when the apartment was owned for more than two years. The VAT rate is 18 percent (Article 166); the contract should say whether the price is stated with or without it.

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. The same page describes a separate investment residence permit for property exceeding USD 300,000. The Law on the Legal Status of Aliens and Stateless Persons states the first test in Article 15(j).

The test uses the market value set by a certified assessor, not the contract price. On the developer’s grid every flat is priced above USD 150,000 (lowest USD 193,141) and below USD 300,000 (highest USD 260,580.8). That is a comparison of asking prices with the thresholds and not an assessment. The guide to getting a residence permit in Georgia sets out the application route.

On financing, the National Bank of Georgia’s PTI and LTV page sets a loan-to-value limit of 90 percent for lari loans and 70 percent for foreign-currency loans, and payment-to-income limits of 25 percent (lari) or 20 percent (foreign currency) for monthly net income below GEL 1,500, rising to 50 and 30 percent from GEL 1,500. Terms for non-residents are set bank by bank. See the guide to mortgages for foreigners in Georgia.

What to ask for in writing before reserving

The developer’s pages do not print the contract entity, the permit, the payment schedule for a specific flat, or what is meant by every item in the white-frame list. The checklist below follows from what the sources leave open and from the conflicts in section 2. Each item is a request for a document or a clause, not a criticism.

1. The price list with unit numbers (block, floor, flat), area and price for each flat, dated, plus the plan of the flat with the interior and terrace areas that make up the total.
2. The exact finish: the white-frame-plus specification attached to the contract, with the wall, floor, ceiling, door and window items named as in the m2.ge list.
3. The handover date written into the contract, what counts as handover, and what happens to the schedule if the date moves.
4. The full legal name and registration details of the entity that signs the contract and receives the money, and the owner of the plot as shown on the registry extract.
5. The construction permit for Blocks 11 and 12, with the permitted height and floor counts, and the cadastral code of the plot (Korter prints 01.10.10.025.115) matched to the registry extract.
6. The unit schedule that shows how many flats each block has, so the conflict between 422 in total, Korter’s per-block counts and the “up to 500” interview figure is settled by a document.
7. The payment schedule with exact dates, the reason for each “by” and “on” date, and how payments are held (account or escrow arrangement, if any).
8. Whether any of the offer-card plans is open on the signing date, and the in-house instalment terms: the 0 percent rate, the down payment, the collateral wording and what happens on a late payment, plus the cash-discount figure and the price in the instalment contract, so the cost of paying later can be calculated.
9. The mortgage banks that accept the project, their conditions for a white-frame flat, and whether the bank values the flat on total area including terraces.
10. What the service charge covers, who runs the on-site management, and the charge per m² per month.
11. What belongs to the flat owner and what is shared in the podium, terraces, coworking space and parking, and whether parking spaces are sold separately.
12. Whether office and commercial areas are inside the 422 units, and how commercial and residential use are separated in the building.
13. How the contract treats the exchange rate if payments are made in lari and prices are in USD.

A lawyer admitted in Georgia can read the draft contract, the registry extract and the permit against this list. The extract fees and registration fees are in section 8.

How m2 Highlight Tbilisi sits among m² and other Tbilisi projects

The developer lists three current projects on its site, and m2 Highlight Tbilisi is the middle one by size. The table gives the developer’s own counts and completion fields read on 12 November 2026 for the m² projects, and the status and price figures printed for the nearby Tbilisi listings on this site. Prices for the non-m² projects are portal or developer figures with the source named; none of them is an offer.

The comparison is descriptive. The projects differ in unit mix, finish, height, completion date and the way each publisher states prices, so no row says which is better. The m² projects publish unit counts and a price grid or availability, and the Archi pages publish neither a price nor a handover date, which is why the price column leans on one portal.

For a wider view of the market, the Tbilisi page and the Georgia page on this site list all listings by city and country.

m² (developer)

The developer is JSC m2 Real Estate, which trades as m² and is based in Tbilisi. The profile below uses only the developer’s pages and the primary documents named, and the claims on the m2.ge About page (such as “market leader”) are not repeated as facts.

A bond prospectus dated 2019 states that the company was founded in September 2006 by JSC Bank of Georgia. As of 30 June 2019 the same document says it had completed ten residential projects with 2,855 apartments, 99 percent of them sold, and had two projects under construction, one of them m³ Saburtalo on Marshal Gelovani Avenue.

On ownership, Georgia Capital PLC announced on 5 June 2026 the sale of its housing development business, m2, to local investors; the notice names no buyer and gives no price. A company announcement reproduced by Georgia Today on 9 June 2026 says the transaction was completed on 5 June 2026 and that Lasha Kvachadze and Dimitri Adamia became the owners, with Adamia as chief executive. Korter and Avezor, on the pages read for this guide, still use the wording “subsidiary of Georgia Capital”.

The developer’s project list shows three projects on 12 November 2026: m² at Mtatsminda Park (190 units, 118 sold), m² Highlight (422 units, 353 sold) and m² at Mirtskhulava (2,179 units, 2,167 sold). The pages for the other two will appear on this site as m² at Mtatsminda Park and m² at Mirtskhulava. The m2.ge news item of 28 December 2022 announces the start of sales for this project.

Frequently asked questions

Where is m2 Highlight Tbilisi?

The developer prints 23 Marshal Gelovani Avenue, district Saburtalo, at coordinates 41.748251, 44.771002. Korter and Avezor print Akaki Bakradze Street 7 and place it in Dighomi. The developer’s own pages also use the number 1 on offers pages. All three are listed in section 2 with their dates, and the Public Registry extract and cadastral code for the plot give the registered description.

How many flats are for sale in m2 Highlight Tbilisi?

On 12 November 2026 the developer’s project page showed 422 units, 353 sold and 69 for sale. The apartments page lists those 69 flats: 61 not reserved and 8 labelled reserved, 41 of them in Block 11 and 28 in Block 12. All are two-bedroom flats. Korter prints a different per-block split (254 and 422), and the guide shows both without choosing.

What do flats in m2 Highlight Tbilisi cost?

The developer’s grid showed asking prices from USD 193,141 to USD 260,580.8, or USD 1,660 to USD 2,130 per m² of total area, on 12 November 2026. Standard flats of about 117 m² were USD 193,141 to USD 229,496.4 when not reserved. Prices rise with floor height. These are asking prices that change; Korter and Avezor print lower per-m² minimums.

When is m2 Highlight Tbilisi due for completion?

The developer lists completion of Buildings XI and XII as 2027. Korter prints delivery in 2027 for Block 11 and Block 12, and Avezor prints handover in the first quarter of 2027. The date that matters is the one in the sale contract, together with the definition of handover, so a buyer should ask for both in writing.

What finish do the flats have?

The developer sells the flats in a “white frame +” finish. The listed items include an iron entrance door, aluminium double-glazed windows with low-emission glass, plastered block partition walls, screeded floors, gypsum-board ceilings except in the bathroom, heating pipes for radiators, wiring, an outdoor A/C unit connected to the living room, utility meters and tiled balconies. The list does not mention interior doors, a kitchen or sanitary fittings, so what the buyer completes should be confirmed in writing.

Where do the prices sit against the Georgian residence-permit thresholds?

The Public Service Development Agency describes a short-term residence permit for property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, set by an accredited assessor. All grid prices are above that figure and below USD 300,000, the investment-permit threshold. The test uses the assessed value, not the contract price, so the assessor’s report is what counts.

Which payment routes does the developer offer?

The project page lists a single payment, a mortgage and an in-house instalment with 0 percent annual interest, a 10 percent minimum down payment and a term until the end of construction. Separate offer cards labelled “Before” dates in 2025 and 2026 print other plans, including 0 percent down with the balance on 30 June 2027; those dates had passed by 12 November 2026.

Do Block 11 and Block 12 differ in price?

Yes. In Block 11 the not-reserved standard flats run from USD 1,660 per m² on floor 3 to USD 1,960 on floors 31 and 32, with steps at floor 20 and floor 31. In Block 12 the range is USD 1,660 to USD 1,880, flat until floor 19 and higher from floor 20. The grid also shows two prices for the same area on floor 21 of Block 12.

What taxes does a foreign owner of a Georgian flat pay?

Under the Tax Code as amended on 30 September 2026, an individual’s property other than land is exempt from property tax when the previous year’s family income did not exceed GEL 100,000, and above that the rate is 0.8 to 1 percent of market value. Rent is taxed at 5 percent with no deductions, and a sale surplus at 5 percent unless the flat was owned for more than two years.

Who owns the developer, m²?

Georgia Capital PLC announced on 5 June 2026 the sale of its housing development business, m2, to unnamed local investors. A company announcement published by Georgia Today on 9 June 2026 names two individuals as owners. Listing sites such as Korter and Avezor still describe m² as a Georgia Capital subsidiary. The sale contract should name the entity that signs and receives payments.

Sources and last check

Last checked: 12 November 2026. Sources:

• m² (m2.ge): m² Highlight project page, read 12 November 2026
• m² (m2.ge): m² Highlight apartments page and price grid, read 12 November 2026
• m² (m2.ge): projects list with unit counts, read 12 November 2026
• m² (m2.ge): offers page, read 12 November 2026
• m² (m2.ge): news, including the sales start of 28 December 2022 and the m³ Saburtalo Central Park item
• m² (m2.ge): About page
• Korter: m² Highlight in Tbilisi, prices as of 21 October 2026, read 12 November 2026
• Avezor: m² Highlight listing dated 7 July 2026
• Caucasus Business Week: General Director of m2 on the first skyscraper in Tbilisi (undated)
• Georgia Capital PLC: disposal of the housing development business, 5 June 2026
• Georgia Today: m² enters a new stage of development, 9 June 2026
• JSC m2 Real Estate bond prospectus, 2019 (gre.ge)
• GBC: Tbilisi real estate sales in June 2026, Galt and Taggart data
• Wikipedia: Saburtalo District
• Wikipedia: Didube District
• Wikipedia: Didube (Tbilisi Metro)
• Wikipedia: Station Square (Tbilisi Metro) (coordinates)
• Wikipedia: Freedom Square, Tbilisi (coordinates)
• Wikipedia: Tbilisi International Airport (coordinates)
• Project OSRM: routing service used for road distances and the nearest-road lookup
• Geostat: number of population as of 1 January 2026
• Civil Code of Georgia, Article 183 (matsne.gov.ge)
• Organic Law on Agricultural Land Ownership (matsne.gov.ge)
• NAPR: immovable property registration fees and terms
• NAPR: informational services fees
• NAPR: smart-contract registration service
• Hague Conference on Private International Law: Apostille Convention status table
• Tax Code of Georgia, English text (matsne.gov.ge)
• EY Georgia: Tax and Law Brief, July to September 2026
• Revenue Service of Georgia: property tax calculator and page
• Public Service Development Agency: residence permits
• Law on the Legal Status of Aliens and Stateless Persons (matsne.gov.ge)
• National Bank of Georgia: PTI and LTV requirements
• National Bank of Georgia: official exchange rates (USD 1 = GEL 2.5933 on 12 November 2026)

This is not legal, tax or financial advice.