W2 Urban East Tbilisi is a single 16-storey block at 63 Kakheti Highway in the Samgori district of the Georgian capital, and on 12 November 2026 the developer’s pages show 214 of its 308 apartments as available (210 open and 4 reserved), priced at USD 42,454.5 to USD 109,462 for 34.1 to 95.6 m².

This guide to W2 Urban East Tbilisi reads the pages of the developer, Tetri Kvadrati (brand w2, site w2.ge, also written White Square in English), as they stood on 12 November 2026, and sets beside them what the Korter listing portal, a Tbilisi market report and a district reference print. Developer figures are given as per the developer with the date seen; every other figure is per the named source on its date.
The guide does not choose between sources when they differ. It adds sourced background on the district, the metro and the road network, a plain reading of the Georgian rules on registration, tax, residence and mortgage limits, and a list of items a buyer can ask for in writing before reserving.
The developer’s project page describes a residential complex being built on Kakheti Avenue, with apartments starting at 34.1 m², commercial and office spaces, recreation zones and underground parking. Handover is printed as December 2028 in the English, Russian and Georgian versions of the page. The same page carries the unit data the rest of this guide relies on: each apartment has its own page with floor, area, rooms, USD price and a status of open, reserved or sold.

The site sells apartments on floors 3 to 16 of Block 1. Floors 3 to 16 hold 22 apartments each, 308 in all; the developer’s floor pages mark 94 of them sold, 4 reserved and 210 open. The 214 apartments shown as available are therefore the open and the reserved ones together.
The three unit types are a one-room apartment with a living-kitchen and no separate bedroom (34.1 to 37.2 m²), a two-room apartment with one bedroom (48.4 to 69.1 m²) and a three-room apartment with two bedrooms (78.6 to 95.6 m²).
The pages do not state the finish, a payment schedule or the contracting entity, and the figures differ between the developer and Korter on unit counts and on the handover date. Those differences are set out in section 2 rather than resolved.
| W2 Urban East Tbilisi key facts | As published (w2.ge, checked 12 November 2026, unless stated) |
|---|---|
| Location | Tbilisi, 63 Kakheti Highway, Samgori district (the developer’s map pin falls in Kvemo Samgori, postcode 0182, per an OpenStreetMap reverse geocode) |
| Developer | Tetri Kvadrati (brand w2; website w2.ge) |
| Status | Ongoing; one block (Block 1); sales open |
| Floors | 16 per Korter; w2.ge sells flats on floors 3 to 16 |
| Apartments | 308 on the developer’s floor pages: 94 sold, 4 reserved, 210 open; 214 shown as available |
| Unit types | One-room (no separate bedroom) 34.1-37.2 m²; two-room (1 bedroom) 48.4-69.1 m²; three-room (2 bedrooms) 78.6-95.6 m² |
| Printed prices | USD 42,454.5 to USD 109,462 per flat; USD 1,245, 1,200 and 1,145 per m² by type, one flat at USD 1,110 per m² |
| Handover | December 2028 per the developer; Korter prints no date |
| Payment plan | None listed; the unit pages offer a Custom Plan on request |
| Finish | Not stated by the developer; Korter: basic prepared condition, no final finishing |
| Parking | Underground, 108 spaces per Korter; the developer’s text mentions underground parking without a number |
| Contracting entity | Not named on the pages read |
Four kinds of source touch this project: the developer’s pages, the Korter portal, independent market references and map data. The developer’s pages are the only source for the handover date and for the unit-level prices. Korter adds the number of floors, the parking count, a cadastral number and a description of the finish. No press article, municipal permit page or bank page naming the project was found on 12 November 2026.


| Item | Per the developer (w2.ge, 12 November 2026) | What other sources print |
|---|---|---|
| Apartments in the block | 308 apartment entries on floors 3 to 16 (14 floors of 22) | Korter (data date 3 November 2026): 308 |
| Apartments available | 214 (210 open plus 4 reserved); the project card prints 214 | Korter: 213 (3 November 2026); 217 in a September 2026 snippet; a w2.ge text quoted by a search snippet reads 218 (snapshot date unknown) |
| Sold flats | 94 flagged sold on the floor pages | Not printed by Korter |
| Floors | Sales pages for floors 3 to 16; no floors 1 or 2 offered as apartments | Korter: 16 floors, one sixteen-storey building |
| Handover | December 2028 (English, Russian and Georgian text agree) | Korter: no date printed; its embedded data carries a 2026 start year, second quarter, and no end year |
| Finish | Not stated | Korter: basic prepared condition without final finishing; its advantages list also says preparatory finishing |
| Price | Per-flat USD prices; card prints from USD 1,110 per m² | Korter (3 November 2026): from USD 42,455; from USD 1,145 per m² in the header, from USD 1,245, 1,200 and 1,145 by type |
| Payment plan | No plan listed on any of the 214 unit pages | Korter: purchase with personal funds or a mortgage; no instalment terms |
| Bank | Not named | Korter names TBC Bank in a calculator; no bank page naming the project was found |
| Commercial space | Text mentions commercial and office spaces; the commercial-space page filtered to this block lists none | Not printed by Korter |
| Project card flag | The project list card prints completedBlocks 1 and totalBlocks 1 for an ongoing project, as printed data | Not printed by Korter |
The counts of available flats are the most mobile figures. A listing portal’s number is a snapshot of the day its feed was read, and the developer’s own pages change as flats are reserved or sold. Between the Korter snapshot of 3 November and the developer’s pages of 12 November the difference is one flat in the total, but the split by type moves in different directions, as the table below shows.
| Unit type | Korter, 3 November 2026 | Korter, 7 September 2026 (search snippet) | w2.ge, 12 November 2026, open only | w2.ge, 12 November 2026, open plus reserved |
|---|---|---|---|---|
| One-room / studio | 73 | 74 | 70 | 70 |
| Two-room | 123 | 124 | 123 | 126 |
| Three-room | 17 | 19 | 17 | 18 |
| Total | 213 | 217 | 210 | 214 |
Korter calls the one-room flats studios, which matches the developer’s plan: the living-kitchen, hall, bathroom and balcony, with no separate bedroom. The developer counts rooms including the living-kitchen, so its two-room flat has one bedroom and its three-room flat has two.
The “project card” field mentioned in the table is recorded as printed. The same value of 1 of 1 appears on the cards of several other single-block projects on the same list, and the page does not explain it, so the guide draws no conclusion from it.
The distinctive feature of the data is how regular it is. Every apartment page prints a price that equals its area multiplied by one rate per unit type, so the price of a flat can be rebuilt from its size.
The rate does not change with the floor: a one-room flat on floor 3 and one on floor 16 are priced at the same USD 1,245 per m². Across the 214 pages read on 12 November 2026 the check found no flat whose printed price differs from area times rate.
The rate falls as the unit type gets larger. One-room flats are printed at USD 1,245 per m², two-room flats at USD 1,200 and three-room flats at USD 1,145.
The step from the first to the second is USD 45 per m², or 3.6 percent of the one-room rate; the step from the second to the third is USD 55, or 4.6 percent of the two-room rate. That is arithmetic on the printed numbers and says nothing about why the developer sets the rates this way.
One flat departs from the ladder. Apartment 103 on floor 7, a two-room flat of 63.1 m², is printed at USD 1,110 per m², or USD 70,041. At the two-room rate of USD 1,200 the same flat would be USD 75,720, a difference of USD 5,679.
The project card’s “from 1110 per m²” refers to this single flat. Anyone interested in it should ask for the price in writing with the unit number, because a single listing at an unusual rate can change on the next update.
| Unit type (rooms as the developer counts them) | Area, m² | Printed price, USD | Printed rate, USD per m² | Flats open or reserved | Share of the 214 | Price in GEL at 2.5933 |
|---|---|---|---|---|---|---|
| One-room, living-kitchen, no bedroom | 34.1-37.2 | 42,454.5-46,314 | 1,245 | 70 | 32.7 percent | 110,097-120,106 |
| Two-room, 1 bedroom | 48.4-69.1 | 58,080-82,920 | 1,200 (one flat at 1,110) | 126 | 58.9 percent | 150,619-215,036 at 1,200 per m² |
| Three-room, 2 bedrooms | 78.6-95.6 | 89,997-109,462 | 1,145 | 18 | 8.4 percent | 233,389-283,868 |
The GEL column uses the official National Bank of Georgia rate for 12 November 2026, USD 1 = GEL 2.5933; the developer’s own page data carry the same exchange rate. The developer prints no lari prices for this project, so the lari figures are the guide’s conversion, not an offer in lari. The rate moves daily, and a contract in dollars is settled at whatever the contract says.
Within each unit type the flats cluster into a few sizes. The table below groups the 214 flats by area band. Most two-room flats sit in one compact band of 48.4 to 53.4 m², which holds 101 of the 126; two further bands, around 63 m² and around 69 m², hold 12 and 13.
The three-room flats split into six smaller flats of about 78.7 m² and twelve larger ones of about 95 m². The room lists printed on one flat in each band differ in the size of the bedroom, living-kitchen and hall.
| Unit type and area band, m² | Flats | Price range, USD | Rate, USD per m² | Room list printed on a sample flat |
|---|---|---|---|---|
| One-room, 34.1-37.2 | 70 | 42,454.5-46,314 | 1,245 | Living-kitchen 21.1, hall 5.2, bathroom 4.3, balcony 3.3 (apartment 155, 34.5 m²) |
| Two-room, 48.4-53.4 | 101 | 58,080-64,080 | 1,200 | Bedroom 11.9, living-kitchen 18.6, hall 4.9, bathroom 5.3, two balconies 2.8 and 3.7 (apartment 78, 48.4 m²) |
| Two-room, 62.6-63.4 | 12 | 70,041-76,080 | 1,200 (one flat 1,110) | Bedroom 17.4, living-kitchen 26.4, hall 5.5, bathroom 4.9, balcony 8.5 (apartment 169, 63.4 m²) |
| Two-room, 68.9-69.1 | 13 | 82,680-82,920 | 1,200 | Bedroom 17.7, living-kitchen 26.2, hall 11.2, bathroom 5.3, balconies 3.9 and 3.0 (apartment 176, 68.9 m²) |
| Three-room, 78.6-78.8 | 6 | 89,997-90,226 | 1,145 | Bedrooms 17.6 and 9.6, living-kitchen 30.2, hall 6.6, bathroom 4.8, balcony 8.1 (apartment 179, 78.8 m²) |
| Three-room, 95.0-95.6 | 12 | 108,775-109,462 | 1,145 | Bedrooms 17.9 and 15.4, living-kitchen 31.3, hall 10.7, two bathrooms 4.3 and 3.4, balcony 9.6 (apartment 168, 95.6 m²) |
The printed room lists do not add up exactly to the total area. On the one-room flats the listed rooms fall 0.6 to 0.7 m² short of the total, on the three-room flats 1.9 to 3.0 m², and on most two-room flats 0.6 to 1.6 m².
Three two-room flats (apartments 132, 167 and 183, on floors 8, 10 and 11) show larger gaps, of 16.6, 6.4 and 8.2 m². The developer’s pages do not say what the total area includes, so how balconies, walls and shafts are counted is a point to confirm against the plan attached to the contract.
All prices are asking prices printed on the developer’s pages on 12 November 2026. They change as flats are reserved and sold, and a reserved flat is shown with its price but is not open. The page offers a 3D tour and a floor-plan file for each flat; the guide uses neither beyond the room lists above.
The developer’s floor pages show a plan of each floor with the flats coloured by status. Floors 3 to 16 each hold 22 flats, and the pages give a status for every one. Reading the 14 floor pages again on 12 November 2026 gave 94 sold, 4 reserved and 210 open, the same split as the earlier pass the same day. The table sets the three statuses against the number of open or reserved flats of each type.

| Floor | Sold | Reserved | Open | Open or reserved: one-room | Open or reserved: two-room | Open or reserved: three-room |
|---|---|---|---|---|---|---|
| 3 | 7 | 0 | 15 | 4 | 9 | 2 |
| 4 | 4 | 0 | 18 | 7 | 9 | 2 |
| 5 | 10 | 0 | 12 | 5 | 6 | 1 |
| 6 | 6 | 0 | 16 | 6 | 9 | 1 |
| 7 | 11 | 1 | 10 | 2 | 8 | 1 |
| 8 | 11 | 0 | 11 | 1 | 10 | 0 |
| 9 | 9 | 0 | 13 | 4 | 8 | 1 |
| 10 | 4 | 0 | 18 | 5 | 12 | 1 |
| 11 | 6 | 1 | 15 | 4 | 10 | 2 |
| 12 | 10 | 1 | 11 | 4 | 8 | 0 |
| 13 | 6 | 0 | 16 | 7 | 7 | 2 |
| 14 | 9 | 0 | 13 | 5 | 7 | 1 |
| 15 | 1 | 1 | 20 | 8 | 11 | 2 |
| 16 | 0 | 0 | 22 | 8 | 12 | 2 |
| Total | 94 | 4 | 210 | 70 | 126 | 18 |
A few readings follow from the counts and nothing more. Floors 3 to 8 hold 49 of the 94 sold flats and floors 9 to 16 hold 45. The top floor shows no flat sold or reserved, and floor 15 shows one sold and one reserved. The number of three-room flats is small on every floor, between none and two. The page does not give the sold flats’ types, so the share of each type already sold cannot be read from it.
The developer’s gallery includes a typical floor plan for floor 3 that shows how the flats are arranged on a level. A buyer choosing between two flats of the same type can compare their position on that plan and in the per-flat plan file, because the page data carry no orientation field and the guide does not state which way any flat faces.
The sold count is the developer’s own flag and cannot be checked independently from public sources. The Public Registry records ownership transfers, and for an unfinished building the registered item may be an obligation related to ownership, as the fee list in section 8 shows. A sold flag on a sales page is therefore a statement about the developer’s sales book, not a registry fact.
Three points that matter for the cost of a flat are not stated by the developer for this project: the finish, the payment plan and the bank. What the pages do print is limited, and what Korter prints is labelled as a portal’s text.
On the finish, the developer’s pages carry no field and no sentence for Urban East. The developer’s description speaks of energy-efficient blocks for exterior and interior walls, fire-safety systems and a generator for fire-safety systems, elevators, parking, corridors, common areas and emergency lighting in the courtyard.
The 3D tour of a flat shows a furnished interior, which is an illustration and not a finish statement. Korter writes that apartments are delivered in a basic prepared condition without final finishing, and in its advantages list that they come with preparatory finishing. The two Korter phrases are not identical, and no developer page confirms either.
On the payment plan, each of the 214 unit pages is built with a Payment plan selector and a Custom Plan option, and the list of plans attached to every unit is empty. The Custom Plan block carries Georgian text that offers individual terms and invites the buyer to get in touch. No instalment schedule, deposit, escrow or interest is printed. The absence is specific to this project on this date.
On mortgages, Korter states that a flat can be bought with personal funds or with mortgage financing from TBC Bank. Its calculator shows two sets of figures that do not agree: visible text with a nominal rate from 7.4 percent and an effective rate from 8.3 percent, and embedded data with 9.9 percent nominal, 11.35 percent effective, a 15 percent first payment and a term of 3 to 240 months.
The calculator says the rate is linked to Term SOFR and that actual values are set at credit approval. None of this is a bank offer for the project, and the guide states no bank partnership as fact.
The developer’s Key Card page is a resident programme: it describes a card that unites up to 50 partner companies offering discounts on renovation materials, furniture, appliances, education, sport and other categories. The page does not state any discount on the purchase price of an apartment. The partner offers listed are percentage discounts at third-party companies, and their terms sit with those companies.
| Item | What w2.ge prints for this project | What Korter prints (3 November 2026 data) | What was not found |
|---|---|---|---|
| Finish | No statement; 3D tour shows a furnished interior as an illustration | Basic prepared condition without final finishing; also preparatory finishing | Developer’s definition of the handover state |
| Payment plan | No plan listed on any unit; Custom Plan on request | Own funds or mortgage | Instalment schedule, deposit, escrow terms |
| Mortgage | Not printed | TBC Bank calculator: 7.4 percent nominal visible; 9.9 nominal and 11.35 effective embedded; 15 percent first payment; 3-240 months | A bank page naming this project |
| Bank partner | Not printed | TBC Bank named in text and calculator | Confirmation from a bank’s own site; BasisBank’s partner page lists a different White Square project |
| Resident card | Key Card page: partner discounts for residents | Not printed | Any link between the card and the purchase price |
The address is 63 Kakheti Highway. The developer’s map pin places the building at 41.68394 N, 44.88665 E. A reverse geocode of that pin on OpenStreetMap returns Kvemo Samgori, Samgori District, Tbilisi, postcode 0182, which agrees with the developer’s and Korter’s naming of Samgori. The pin is the developer’s, not a surveyed boundary.

Samgori is an administrative district of Tbilisi. Wikipedia’s page on the district lists its neighbourhoods as Varketili, Orkhevi, Dampalo, Lilo, Navtlughi-2, Africa, Alekseevka, Airport Settlement and Zeemka, and gives a population of 177,844 for 2017, citing Geostat. The figure is old, and anyone who needs a current one should take it from Geostat’s own tables.
For public transport the main fixed-rail fact is the metro. Wikipedia’s page on the Akhmeteli-Varketili Line puts the eastern end of the first metro line at Varketili, reached by the Samgori to Varketili segment opened on 9 November 1985, after Samgori station opened on 5 May 1971. The line runs about 19.6 km and serves 16 stations. Korter says that Varketili station is about a 20-minute walk from the complex and that the nearest bus stop is 120 m away.
Korter lists the services at that bus stop as buses 312, 322, 337, 341, 361, 396 and 399 and minibuses 415, 456, 489, 524 and 582, with an interval of about 9 minutes. The guide reproduces the numbers as the portal prints them and has not checked them against the operator’s current timetable; routes are changed from time to time and the transport authority’s own pages are the reference.
The guide also computed straight-line distances from the developer’s map pin to points whose coordinates are published on Wikipedia and OpenStreetMap. Straight-line distance is shorter than any road or walking route, so these figures are lower bounds. They are a cross-check on Korter’s walking and driving statements, not a replacement for them.
| Place from the W2 Urban East Tbilisi pin | Straight line (guide’s calculation) | What Korter prints (3 November 2026) | Coordinates source |
|---|---|---|---|
| Varketili metro station | 1.6 km | About a 20-minute walk | Wikipedia, Varketili station |
| Samgori metro station | 2.7 km | Not printed | Wikipedia, Samgori station |
| Navtlughi railway station | 2.7 km | About 3 km (Korter writes Naftlugi) | OpenStreetMap place search, 12 November 2026 |
| Samgori bus station | Not computed | About 3 km | Not applicable |
| Ortachala bus station | Not computed | Less than 10 km | Not applicable |
| Tbilisi International Airport | 5.9 km | 15-20 minutes by car | Wikipedia, airport |
| Nearest bus stop | Not computed | 120 m | Not applicable |
The surroundings of the plot matter as much as the distances. The developer’s top-down render shows a divided road along the north side of the building and railway tracks along the south side, with a service road around the block and car parks beside it. A render is an artist’s view, and the real boundaries and any noise or access conditions are matters for a site visit and the registry plan.
The road name also appears in news about a project outside the city. The 35 km Tbilisi to Sagarejo section of the Kakheti Highway project outside the city had its first 4 km, the Vaziani bypass, opened on 8 December 2023 per the Infrastructure Minister, as reported by Azernews citing Agenda.ge. That is a regional road project and says nothing about travel times from this address, which lies on the city section of the highway.
Korter lists the services around the complex. The list is the portal’s text and the guide has not visited the area, so it is labelled throughout as Korter’s. Within 2 km Korter names public schools No. 108, 109, 117, 139, 176, 90, 157, 145, 146 and 182, private schools High School Nino, the Georgian-American School of Tbilisi and Albioni School, and kindergartens No. 37, 163 and 210.
For health care it lists a Synevo laboratory, an Evex clinic, Tbilisi Central Hospital, the National Screening Center and dental offices. For shopping it lists Varketili market and the chains EuroBrand, Madart, Fix Price, Carrefour City, Miniso, Spar and Nikora.
It also lists cafes and restaurants, fitness clubs, football and rugby fields, banks, a post office and fuel stations. Each of those is a business or institution that can close or move, so a buyer who relies on one should check it on the day.
The portal’s own wording about the area, such as developed infrastructure or proximity to the metro, is broker text. The measured facts are the 120 m to the bus stop and the 1.6 km straight line to Varketili station computed in section 6; whether that distance suits a daily commute is for the buyer to judge on foot.
For price context the guide uses two independent references and sets them beside the developer’s rates. They are not like-for-like. The Galt and Taggart figures are citywide averages for December 2025, and the Rielt.org figure is a median of asking prices for May 2026 across one district, with the source of the data not named. The developer’s rates are asking rates for flats not yet built, with the finish unstated.
| Reference | Figure | Date | Source |
|---|---|---|---|
| Tbilisi primary-market average price | USD 1,373 per m²; up 4.0 percent over 2025 (11.6 percent in 2024, 20.2 percent in 2023) | December 2025 | Galt and Taggart report as carried by GBC, 3 February 2026 |
| Tbilisi secondary market, buildings permitted after 2013 | USD 1,316 per m²; up 7.9 percent year on year | December 2025 | Galt and Taggart via GBC |
| Apartment sales in Tbilisi | 42,388 units in 2025, up 4.3 percent, per Public Registry data | 2025 | Galt and Taggart via GBC |
| Permitted living area in Tbilisi | 1.7 million m² in 2025, down 4.2 percent; 32 percent above the 2015-22 average | 2025 | Galt and Taggart via GBC |
| Samgori median asking price | USD 1,315 per m², the lowest of the districts the report names; Gldani USD 1,383 | May 2026 | Rielt.org market article of 19 May 2026 |
| Urban East printed rates | USD 1,245, 1,200 and 1,145 per m² by type; one flat at 1,110 | 12 November 2026 | w2.ge apartments page |
Laid out this way, all the printed rates, from USD 1,110 to USD 1,245 per m², are lower than the district’s median asking figure of USD 1,315 per m². That is a statement about numbers from different sources and dates, not a verdict on value: asking prices differ from sale prices, the finish differs, and a median covers flats of every age. The guide leaves rent and forecast figures out of this comparison on purpose.
The Civil Code requires, for an immovable thing, a written transaction and the registration of the acquirer’s ownership right in the Public Registry (Article 183).

The restriction on foreign ownership that these texts describe concerns agricultural land, which the Organic Law on Agricultural Land Ownership reserves in its Article 4 to the state, municipalities, citizens and certain Georgian entities, with a narrow inheritance exception; an apartment in a city block is not agricultural land (Law text). The guides on this site on can foreigners buy property in Georgia and how to buy property in Georgia give the general picture.
For a block under construction the sequence is set by the contract and the registry. The National Agency of Public Registry fee page lists the registration of a change of right and the registration of an obligation related to an ownership right at the same tariffs: GEL 150 in four working days, GEL 270 in one working day and GEL 350 on the day of filing (NAPR fee page).
Converted at the National Bank of Georgia rate of GEL 2.5933 per USD for 12 November 2026, the three fees come to about USD 57.8, USD 104.1 and USD 135.0. The fee depends on speed, not on the price of the flat.
A buyer outside Georgia has two common routes to sign. One is a power of attorney legalised for Georgia; the Hague Conference status table shows the Apostille Convention in force for Georgia since 14 May 2007 (HCCH status table). The other is the registry’s smart-contract service, which registers rights online through a booked virtual meeting (NAPR). Ask the developer which of the two it accepts, and get the answer in the reservation papers.
| Step | Who | Typical time or fee | Source |
|---|---|---|---|
| Get the unit number, price, finish and draft contract in writing | Buyer, developer | Not published on w2.ge for this project | Unit page example |
| Order a Public Registry extract for the plot | Buyer, lawyer, NAPR | GEL 20 in 1 working day, GEL 13 online; GEL 26 extra for English | NAPR information fees |
| Match the plot and cadastral data to the extract | Buyer, lawyer | Korter prints cadastral number 01.19.21.001.474; not checked against the registry | Korter |
| Sign the written contract | Buyer, developer | Terms set in the contract | Civil Code, Art. 183 |
| Pay under the agreed schedule | Buyer | No schedule published | Unit page: Custom Plan |
| Register the right or the obligation | Buyer, NAPR | GEL 150, 270 or 350 by speed | NAPR fee page |
| Sign from abroad, if needed | Buyer, NAPR | Apostilled power of attorney, or booked virtual meeting | NAPR smart contract |
A change to personal property tax took effect with Law No. 1874 of 30 September 2026. The English text of the Tax Code on matsne.gov.ge lists that law among its amendments.
Article 202(5) sets the rate on a natural person’s taxable property other than land at not less than 0.8 and not more than 1 percent of its market value at the end of the previous year, and Article 206(1)(a) exempts that property where the family’s income in the preceding year did not exceed GEL 100,000 (Tax Code). The EY Georgia brief for July to September 2026 says the earlier threshold was GEL 40,000 and that the rate was not changed (EY brief).
A natural person files the property tax return by 1 November under Article 205, and the Revenue Service offers a 2026 calculator for individuals (rs.ge). Older guides carry the earlier bands, so the page on property tax in Georgia should be read with that in mind. Whether a buyer under an off-plan contract is yet the taxpayer for an unfinished building is a question for the contract and the registry record.
On income and sale, Article 81 taxes residential rent received by an individual who makes no deductions at 5 percent, the general rate of personal income tax at 20 percent, and the surplus from the sale of a residential apartment at 5 percent; Article 82(1)(f.a) exempts that surplus where the apartment has been owned for more than two years. VAT under Article 166 is 18 percent, and the contract should say whether a quoted price includes 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, established by an accredited assessor, and an investment residence permit for property exceeding USD 300,000 (SDA page).
The Law on the Legal Status of Aliens states the first test in matching words (Aliens Law). The assessed market value counts, and the contract price is not a substitute. See getting a residence permit in Georgia.
Every flat priced on w2.ge on 12 November 2026 is below USD 150,000: the highest printed price is USD 109,462, a three-room flat of 95.6 m². So no single flat in the list is at or above the threshold on its asking price. The rule’s wording speaks of title to an immovable property, in the singular, and how the value of two flats would be treated is a question to put to the agency in writing.
On financing, 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 of 25 percent (lari) or 20 percent (foreign currency) below GEL 1,500 of monthly net income and 50 or 30 percent from GEL 1,500 (NBG page).
Each bank sets its own terms for non-residents; see mortgages for foreigners in Georgia. Rielt.org’s May 2026 article quotes weighted-average new-loan rates of 12.14 percent in lari and about 8.01 percent in foreign currency for February 2026, as a market average, not an offer.
| Item | Rule | Source |
|---|---|---|
| Property tax, individual | Rate 0.8 to 1 percent of year-end market value; exempt where the earlier year’s family income did not exceed GEL 100,000; filing by 1 November | Tax Code arts. 202(5), 205, 206(1)(a) |
| Rental income, individual | 5 percent on residential rent with no deductions; 20 percent general rate | Tax Code art. 81 |
| Sale of an apartment | Surplus taxed at 5 percent; exempt where owned for more than two years | Tax Code arts. 81(3), 82(1)(f.a) |
| VAT | 18 percent; whether a price includes it is a contract term | Tax Code art. 166 |
| Short-term residence permit | Property other than agricultural land with market value exceeding USD 150,000 equivalent in GEL, set by an accredited assessor | SDA page |
| Investment residence permit | Property exceeding USD 300,000 equivalent in GEL | SDA page |
| Mortgage limits | Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by income band | NBG page |
| Exchange rate used | USD 1 = GEL 2.5933, official rate for 12 November 2026 | NBG official rate |
This is a summary of public texts read on 12 November 2026, and each point should be confirmed with a Georgian lawyer or the named authority before a decision.
The developer’s pages leave several points open for this project, and the normal way to close them is to ask for them in writing before paying a reservation amount. The list below is a checklist, not a finding about any party. Each item can be answered by the developer or checked in a public register.
The answers belong in the reservation form or the contract, and a verbal statement from a sales office is not a substitute. A buyer abroad can also ask which signing route, an apostilled power of attorney or the registry’s online meeting, the developer will accept.
The developer lists other projects in Tbilisi at the same time, and the same registry rules and fees apply to each of them. The table gives the project card data read on 12 November 2026 for the w2 projects of the Samgori and neighbouring districts that will be listed on this site, and no claim is made that one is better than another.

Projects differ in finish, status and handover, and the card prints a rate per m² and a number of available flats, not a complete price list.
| Project (w2.ge card, 12 November 2026) | Address as printed | Flats shown available | Card rate from, USD per m² | Listing page |
|---|---|---|---|---|
| W2 Urban East Tbilisi | Tbilisi, 63 Kakheti Highway | 214 | 1,110 | This page |
| Varketili VI | 38A Shuamta St., Varketili | 8 | 1,180 | W2 Varketili VI Tbilisi |
| Varketili V | Varketili III microdistrict, Block X, Building 9 | 10 | 1,200 | W2 Varketili V Tbilisi |
| Varketili IV | Varketili III microdistrict, Shuamta Street 40 | 5 | 1,200 | W2 Varketili IV Tbilisi |
| Isani Park | Isani, Hospital Turn 5 and 7 Vladimer Lobzhanidze St | 612 | 1,225 | W2 Isani Park Tbilisi |
| Sanzona | Nadzaladevi, Chargali St. 50 | 8 | 1,250 | W2 Sanzona Tbilisi |
Of these, the three Varketili projects are in Varketili, which Wikipedia lists as a neighbourhood of Samgori, the same district as this complex, and Isani Park is in Isani. The card for each project also prints a number of blocks; for the single-block projects it prints 1 of 1, as it does here. The developer’s own listing at w2.ge/en/projects shows the current cards.
Other Tbilisi developers’ projects on this site use different data. The Tbilisi listings are covered in the same sourced format, among them Archi Akhmeteli Tbilisi, NEXT Oriental Tbilisi and Mira Verde Tbilisi; those pages carry their own prices, finishes and dates. Market-wide figures sit in the guide to Tbilisi real estate prices, and the Georgia portfolio and the Tbilisi listings give the wider view.
Tetri Kvadrati LLC trades as White Square, and its website brand is w2. The developer’s About page says the company is part of BK Holding, a group that combines the construction company BK Construction and the Construct2 construction college, and that BK Construction has built in Georgia for more than 30 years. The page says the company was set up to create new neighbourhood concepts and that its projects are in Tbilisi and Kutaisi.
The About page lists Giorgi Natroshvili as Chief Executive Officer and Irakli Burdiladze as Managing Partner. A 2022 interview on Finchannel describes White Square as owned by BK Holding, and a 2023 article in Forbes Georgia quotes the group’s managing partner on the brand. The developer’s homepage says it has delivered large projects since 2021, and the Forbes Georgia article says the company has operated since 2020; these are the developer’s and the magazine’s statements.
The homepage counters, which are the developer’s claims, read 11 ongoing projects, 6 completed projects and more than 2,500 completed apartments on 12 November 2026. Counts of projects differ by source and date, and this guide does not reconcile them. The developer also runs the Key Card programme for residents. The register of the legal entity was not retrievable during the research for this guide, so the registration date and the shareholders are not given.
W2 Urban East Tbilisi is a 16-storey residential block under construction at 63 Kakheti Highway in Samgori, Tbilisi, by Tetri Kvadrati (w2). On 12 November 2026 the developer’s pages show 308 apartments on floors 3 to 16, of which 94 are sold, 4 reserved and 210 open, with a handover date of December 2028.
The developer prints per-flat asking prices from USD 42,454.5 for a 34.1 m² one-room flat to USD 109,462 for a 95.6 m² three-room flat, at USD 1,245, 1,200 and 1,145 per m² by type and one flat at USD 1,110 per m². The prices were read on 12 November 2026 and change as flats are reserved or sold.
The developer prints December 2028 in its English, Russian and Georgian text. Korter prints no handover date. The date in the contract is what binds, so the guide lists it among the items to ask for in writing. A reader should treat the page date as the developer’s statement, with no independent confirmation found.
No plan is listed on any of the 214 unit pages read on 12 November 2026, and every unit’s plan list is empty. The pages offer a Custom Plan on request with individual terms that are not published. A buyer who wants an instalment schedule should ask for it in writing, with the total payable and the escrow arrangement.
The developer does not state a finish for this project. Korter says apartments are delivered in a basic prepared condition without final finishing, and in another line that they have preparatory finishing. The 3D tour shows a furnished interior as an illustration only. The written definition of the handover state is the first item to request.
Each source reads the sales status on a different day. The developer showed 214 on 12 November 2026, Korter 213 on 3 November and a September snippet 217. The split by type also moves between snapshots. The guide shows each figure with its date and does not pick one.
Korter mentions TBC Bank and shows a calculator whose visible and embedded rates disagree, so the figure is not an offer. No bank page naming the project was found. The National Bank of Georgia sets loan-to-value limits of 90 percent for lari and 70 percent for foreign-currency loans, and each bank sets its own terms for non-residents.
Georgia’s short-term residence permit requires title to immovable property, other than agricultural land, with an assessed market value exceeding USD 150,000 equivalent in lari. Every printed price is below USD 150,000 (the highest is USD 109,462), so no single flat is at or above that on its asking price. The assessor’s value, not the price, counts.
Korter says Varketili metro station is about a 20-minute walk and the airport 15 to 20 minutes by car. The guide’s straight-line calculation from the developer’s map pin gives 1.6 km to Varketili station and 5.9 km to the airport. Straight-line figures are shorter than real routes, so treat them as lower bounds.
Ask for the unit number and price in writing, the finish definition, the handover date in the contract, the legal name of the signing entity, permits and a registry extract, the payment schedule and escrow terms, the area definition, and the bank terms in writing. Section 9 lists twelve items. A Georgian lawyer can check them against the draft contract.
Last checked: 12 November 2026. Sources:
This is not legal, tax or financial advice.
