W2 Jikia Tbilisi: Saburtalo Flats and Prices Guide (2026)

  • From $148,335
Saburtalo, Tbilisi, Georgia
  • W2JI3027
  • Property ID
  • Apartment
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 98.1 - 142.8
  • sq. m.
For Sale
W2 Jikia Tbilisi: Saburtalo Flats and Prices Guide (2026)
Saburtalo, Tbilisi, Georgia
  • From $148,335

Description

W2 Jikia Tbilisi is a single 19-storey block of 283 apartments on Politkovskaya Street 12 in Saburtalo, and on 12 November 2026 the developer’s pages list seven of those flats: two with a printed price and five marked Reserved.

W2 Jikia Tbilisi render of podium, balconies and entrance ramp, Saburtalo

This guide to W2 Jikia Tbilisi reads w2.ge as it stood on that day and sets beside it what Korter, a contractor’s project card, broker pages and Galt & Taggart print. The developer’s site labels the project Ongoing, while Korter describes the house as delivered in the second quarter of 2026 and its apartments from the developer as sold. Both statements are shown with their source and date, and neither is chosen.

With so little stock left, most of the page is context that a buyer can check: the unit-by-unit data, the price arithmetic, the Saburtalo location, Georgian registration, tax and residence rules, and a list of what to ask for in writing.

Overview of W2 Jikia Tbilisi

On the Jikia pages of w2.ge (read 12 November 2026) the developer names the project "Tetri Kvadrati on Jikia" and describes a residential complex on Politkovskaya Street, formerly Jikia Street, in Saburtalo. The 19-storey building is said to contain 283 apartments and various types of commercial space. The Georgian title, თეთრი კვადრატი ჯიქიაზე, translates as White Square on Jikia, and the contractor’s card and the broker portals use the White Square name.

Rendering of the Jikia facade with white frame grid and planted balconies

Only one block exists. Its page carries a floor selector from floor 0 to floor 19 and shows, for each floor, either the number of flats still listed or the words "All apartments sold". On 12 November 2026 five floors (1, 3, 4, 7 and 16) list flats and fifteen floors read "All apartments sold". Section 3 sets out the evidence flat by flat.

Three things distinguish this listing from most project pages. The unsold stock is almost exhausted, so the practical question for a buyer is which of two priced flats suits, not which of several types. The developer’s site and a listing portal differ on whether the building is still under construction. And the pages print a rate per square metre but no payment schedule and no finish description. The table keeps those points visible.

W2 Jikia Tbilisi key facts As published (w2.ge, checked 12 November 2026, unless stated)
Location Tbilisi, Saburtalo, Politkovskaya (formerly Jikia) Street 12, per the developer; map coordinates 41.719428, 44.711711 on the project page
Developer Tetri Kvadrati, brand w2 (w2.ge); the Georgian terms page names White Square (თეთრი კვადრატი) as the company running the site
Building One block, 19 storeys, 283 apartments plus commercial spaces; floor selector 0 to 19
Flats listed on 12 November 2026 Seven: Apt 4 and Apt 5 with a printed price (available), Apts 8, 35, 50, 100 and 235 marked Reserved
Flats not listed 276, derived as 283 minus 7; w2.ge prints no sold count
Types seen Two-bedroom 98.1 to 102.3 m²; three-bedroom 126.2 to 142.8 m² (the site counts rooms as 3 and 4)
Price USD 1,450 per m² on all seven (GEL 3,760 per m²); Apt 4, 102.3 m², USD 148,335; Apt 5, 129.1 m², USD 187,195
Payment plan No schedule published; the apartment cards carry the label "Custom Plan"
Finish Not stated by w2.ge; Korter and Tbilisi Property state white frame
Status w2.ge: Ongoing; Korter (12 November 2026): delivered in Q2 2026 and sold out
Handover date None on the current w2.ge pages; other sources print other dates (section 2)

What each source prints: status, handover, units, district and price

Public information on the project comes from the developer’s site, from a contractor’s project card and from portals, and the figures do not always agree. The first table puts the main items side by side. The developer’s pages are quoted as "per the developer" with the date they were read; every other figure is "per" the named source, and this guide does not decide which is right.

3D floor plan of a 102.3 m2 two-bedroom apartment, Jikia Block 1
Item Per the developer (w2.ge, 12 November 2026) What third parties print
Status Listed as Ongoing in the projects list; the page data behind the list also shows one completed block out of one, a pair that the page does not explain Korter (12 November 2026): "1 house delivered in Q2 2026", apartments from the developer sold, resale listings shown; its developer page says "Sold out" and "Completed in 2026"; the Expat Home Georgia profile also lists Jikia as sold out and completed
Apartments 283 apartments plus various commercial spaces (English description) 283 units on Korter and Tbilisi Property; the old w2.ge page prints "283 buildings combine apartments and various types of commercial spaces"
Storeys 19-storey building; floor selector 0 to 19 19 floors (Korter)
Flat sizes Listed flats 98.1 to 142.8 m² 57.7 to 144.8 m² for the whole building (Korter, Tbilisi Property)
Bedrooms Two- and three-bedroom flats among the seven listed 1-, 2- and 3-bedroom apartments (Korter)
District Saburtalo Korter’s header and map label say Vake; Tbilisi Property and the BK Construction card say Saburtalo
Price USD 1,450 per m² (cards for Apt 4 and Apt 5) Tbilisi Property (undated): per-m² values of USD 1,185 to 1,275 on its layout rows; Korter resale asks USD 1,554 to 2,563 per m²
Finish Not stated; walls with thermal insulation, double-glazed aluminium windows and doors White frame with utilities, central heating, wiring, aluminium windows and front doors (Korter, Tbilisi Property)
Parties Tetri Kvadrati (w2.ge) White Square with Up Development; White Square part of BK Holding (Korter, Tbilisi Property); the BK Construction card lists White Square as client

Handover is the item on which the sources differ most. The table below lists every date found, each with the page it comes from. It is a source table, not a timeline, and the guide does not reconcile the entries. A buyer who needs a date should take it from the contract, not from a web page.

Source What it prints Date of the page
w2.ge, current project, block, floor and apartment pages No handover date; status Ongoing Read 12 November 2026
w2.ge test site, English project page (earlier version of the site, still online) "Will Finish: September 2025" Undated; footer shows 2023 and 2026
BK Construction project card Start date 01.09.2022; completion date 22.12.2024; client White Square Read 12 November 2026
geoln.com listing "Finished at December 2024" Publication date 18.09.2023
Korter project page "1 house delivered in Q2 2026"; construction photos last updated May 2026 Read 12 November 2026
Korter developer page "Completed in 2026" Read 12 November 2026
Expat Home Georgia, White Square profile Jikia shown as Completed and Sold out, "Handover: 2026", price on request Undated; read 12 November 2026

Two practical points follow. If the building is complete, the buyer’s questions are about the commissioning documents, the registration of the unit and the condition of the flat on delivery. If the developer still treats it as under way, the questions are about the contract date, the stage of works and the payment schedule. Section 9 turns both sets into requests that can be made in writing.

Availability on 12 November 2026: floor by floor and flat by flat

The block page on w2.ge, read on 12 November 2026, lists availability by floor. The floor selector counts reserved flats as available, which is why floor 1 reads "Available: 3 apts" although only two of the three carry a price. The table gives the floor view; the second table gives the seven flats.

Floor Flats listed What the floor page shows
0, 2, 5, 6, 8 to 15, 17, 18, 19 0 "All apartments sold" (fifteen floors)
1 3 Apt 4 and Apt 5 available with a price; Apt 8 Reserved
3 1 Apt 35 Reserved
4 1 Apt 50 Reserved
7 1 Apt 100 Reserved
16 1 Apt 235 Reserved

Seven flats are listed in total. The developer’s English description gives 283 apartments, so 276 are not offered. The word "sold" appears on the floor pages, but w2.ge prints no sold count and no sales dates, so 276 is arithmetic, not a published figure. Korter’s developer page also describes the project as sold out; its project page shows resale listings from private sellers, which are separate from the developer’s stock.

Flat (page) Floor Area m² Rooms on site Bedrooms Status Price on the card Price in the page data, USD
Apt 4 1 102.3 3 2 Available USD 148,335 (GEL 384,677) 148,335
Apt 5 1 129.1 4 3 Available USD 187,195 (GEL 485,453) 187,195
Apt 8 1 98.1 3 2 Reserved none printed 142,245
Apt 35 3 129.1 4 3 Reserved none printed 187,195
Apt 50 4 126.2 4 3 Reserved none printed 182,990
Apt 100 7 142.8 4 3 Reserved none printed 207,060
Apt 235 16 140.0 4 3 Reserved none printed 203,000

The reserved flats print no price on their cards, but the structured data of those pages holds a figure, and each one equals the area multiplied by USD 1,450. The guide shows those figures only to complete the picture of the seven; they are not offers. The pages do not say how long a reservation lasts, under what conditions it ends, or whether a flat can return to the list, so the status of each reserved flat should be asked about, not assumed.

Each apartment card also carries a label reading "Investment Fund" next to the apartment number. The page does not explain the label, and it appears on all seven cards, including the reserved ones. It is listed among the questions in section 9.

Prices: one rate of USD 1,450 per m² across all seven flats

Every flat on the list has the same rate. The project card on the w2.ge projects list shows 1,450 as its lowest price per square metre, the two priced apartment cards show USD 1,450 per m² and GEL 3,760 per m², and news.ge repeats "from $1,450 per m²" with about GEL 3,760. Since all seven flats share the rate, the price of a flat depends on its area alone.

The rate does not change with the floor on this list: floor 1 and floor 16 carry the same rate, and the page data for Apt 35 on floor 3 gives the same total as the card of Apt 5 on floor 1, both 129.1 m². Whether the same rate would apply to a flat that is not on the current list is not stated, so the rate should be read as the price of today’s seven.

Flat Area m² × rate USD price GEL on the card GEL check at 2.5933
Apt 4 102.3 × 1,450 148,335 384,677 384,677
Apt 5 129.1 × 1,450 187,195 485,453 485,453
Apt 8 (reserved) 98.1 × 1,450 142,245 none 368,884
Apt 35 (reserved) 129.1 × 1,450 187,195 none 485,453
Apt 50 (reserved) 126.2 × 1,450 182,990 none 474,548
Apt 100 (reserved) 142.8 × 1,450 207,060 none 536,969
Apt 235 (reserved) 140.0 × 1,450 203,000 none 526,440

The lari figures are calculated from the dollar prices at USD 1 = GEL 2.5933, the rate printed in the page data of w2.ge and equal to the National Bank of Georgia official rate for 12 November 2026. The two priced cards print lari amounts that match this calculation after rounding. A purchase contract may fix the price in dollars or in lari; which currency governs, and at which rate any payment is converted, is a contract term.

Among the seven, the two-bedroom flats cost USD 142,245 and USD 148,335 and the three-bedroom flats USD 182,990 to USD 207,060. The dollar gap between Apt 4 and Apt 5 is USD 38,860 for 26.8 m² more area, which is 26.8 × 1,450. Of the two flats that carry a price, Apt 4 is below USD 150,000 and Apt 5 is above it; section 8 explains why that threshold concerns assessed market value, not the contract price.

Other sources print other price levels, listed below with their dates. They describe different things: a developer’s current rate, an undated broker page and sellers’ asking prices on the resale market.

Price indication Figure Source and date
Developer rate, all seven listed flats USD 1,450 per m² w2.ge, 12 November 2026
Rate repeated by a portal From USD 1,450 per m², about GEL 3,760 news.ge, 12 November 2026
Broker layout rows USD 1,185 to 1,275 per m²; headline "from" USD 169,337 Tbilisi Property, undated, read 12 November 2026
Resale asking price, 59.7 m², 7th floor USD 153,000 (USD 2,563 per m²) Korter, 12 November 2026
Resale asking price, 88.9 m², 16th floor USD 160,020 (USD 1,800 per m²) Korter, 12 November 2026
Resale asking price, 100 m², 14th floor USD 173,000 (USD 1,730 per m²) Korter, 12 November 2026
Resale asking price, 144.8 m², 12th floor USD 225,000 (USD 1,554 per m²) Korter, 12 November 2026

Korter counts 8 listings for 7 apartments and shows four of them on its first screen; its headline for resale apartments is "from $139,710". These are advertised prices set by owners or agents, not transactions and not developer prices, and they can change at any time. The sources use different dates and bases, so the table is a set of data points, not a ranking.

Plans, room areas, finish and building as the sources print them

Each apartment page on w2.ge prints a room list. The table reproduces it for the seven flats, with the printed rooms added up and set against the printed total area. The sum and the difference are calculated by this guide from the printed values; the pages do not explain the difference.

Flat Bedrooms m² Balcony m² Bathrooms m² Hall m² Living kitchen m² Printed rooms, sum m² Printed total m² Difference m²
Apt 4 15.7, 14.3 3.1 and 10.2 5.6 12.2 35.2 96.3 102.3 6.0
Apt 8 15.1, 14.4 15.3 5.9, 3.2 15.5 26.2 95.6 98.1 2.5
Apt 5 17.9, 15.4, 15.1 14.6 6.4, 4.1 15.6 31.3 120.4 129.1 8.7
Apt 35 17.9, 15.4, 15.1 14.6 6.4, 4.1 15.6 31.3 120.4 129.1 8.7
Apt 50 17.9, 15.4, 15.1 11.7 6.4, 4.1 15.6 31.3 117.5 126.2 8.7
Apt 100 17.3, 16.0, 13.3 19.7 8.3, 4.4 20.2 40.4 139.6 142.8 3.2
Apt 235 17.3, 16.1, 13.3 10.1 and 6.5 8.3, 4.4 20.3 40.5 136.8 140.0 3.2

Reading the table across flats shows how the building is composed. Apt 5 and Apt 35 have identical room lists at 129.1 m². Apt 50 has the same rooms with an 11.7 m² balcony in place of 14.6 m², and its total falls from 129.1 to 126.2 m², a drop of 2.9 m² that equals the balcony difference.

Apt 100 and Apt 235 are the larger layout, with a living kitchen of about 40 m²; they differ in the balcony arrangement and by a tenth of a square metre in three rooms.

The difference between the printed rooms and the printed total is 2.5 to 8.7 m². The pages do not say how total area is defined, for example whether balconies count in full, or how walls and shafts are treated. Whichever definition applies, the area stated in the contract and in the registry record is the one to compare, which is why section 9 asks for the area basis in writing.

The two-bedroom flats are Apt 4 and Apt 8: Apt 4 has two balconies and a living kitchen of 35.2 m², Apt 8 a second bathroom and a living kitchen of 26.2 m². The five three-bedroom flats have two bathrooms each. All bedrooms are listed at 13.3 to 17.9 m². Each apartment card carries a Download Plan button.

Finish and building features, by source

The developer’s description of the building covers the structure and services but not the interior finish. Korter and Tbilisi Property add a white-frame description. The table sets the two side by side so that a buyer can see which statements come from which source.

Topic Per the developer (w2.ge) Per Korter and Tbilisi Property
Structure Energy-efficient construction materials; thermal-insulation walls inside and out, with better sound insulation Monolithic frame; walls of energy-efficient blocks
Windows and doors Double-glazed aluminium windows and doors installed in the apartments Energy-efficient aluminium windows and secure front doors
Interior finish Not stated White frame; utilities (gas, water, sewage, electricity), central heating system and electrical wiring
Power and safety Backup generator for fire-safety systems, drinking-water pumps, elevators and emergency lighting of parking, common areas and courtyard; modern safety systems Fire safety system, backup generator, emergency lighting, water pump system; 24/7 video surveillance
Parking and grounds Parking areas and courtyard mentioned in the generator description Underground parking and above-ground guest parking; landscaped courtyard with playgrounds, sports areas and relaxation zones
Lifts Not stated on the project pages; a news item of 19 March 2025 reports a memorandum with Mitsubishi Electric under which its elevators are to be installed in the Jikia project High-speed elevators (Korter, no make named)
Ceilings Not stated 3 m
Commercial space Commercial spaces in the building; none listed for Jikia on the w2.ge commercial page on 12 November 2026 Ground-floor retail units

White frame is a market term, and its content is set by each contract. Korter’s list shows what it states for this building: utilities, heating, wiring, windows and front doors. That list is a portal’s summary, undated, and w2.ge does not repeat it, so the finish specification is one of the first items to request in writing.

Location of W2 Jikia Tbilisi: Saburtalo, Politkovskaya Street and the State University metro

The developer places the project at Politkovskaya Street 12 in Saburtalo, and its map marker sits at 41.719428, 44.711711. Saburtalo is an administrative district of Tbilisi, according to Wikipedia. Korter labels the same address Vake, while Tbilisi Property and the BK Construction card say Saburtalo; this guide uses the developer’s wording. The street name differs by source: Politkovskaya (formerly Jikia) per w2.ge, "Anna Politkovskaya St" on Korter.

Tbilisi is the capital. Geostat’s population release puts the population of the city at 1,369.4 thousand on 1 January 2026, out of 3,941.1 thousand for Georgia, which is 34.7 percent, and the release itself notes that more than one third of the population lives in the city. The registration, tax and residence rules in section 8 apply in the same way in every district.

Access to the site is by metro and road. The nearest station is State University, which Wikipedia describes as the western terminus of the Saburtalo Line; the Saburtalo Line page says the station was completed in October 2017 after construction resumed in July 2015, and the station page gives 16 October 2017 as its opening date. The line is named after the district. Korter and Tbilisi Property say the station is a 5-minute walk from the building.

The table below puts the broker statements next to distances calculated by this guide. Straight-line distances use the project coordinates on w2.ge and the coordinates printed on Wikipedia for each place. Road distances and times come from the public OSRM routing service, which models driving without traffic, so the broker times, which assume ordinary traffic, may reasonably be longer.

Place Straight line Modelled road route (OSRM) Broker statement (Korter, Tbilisi Property)
State University metro station 0.61 km 1.0 km, 2 min 5-minute walk ("University metro station")
Vazha-Pshavela metro station 1.67 km 2.4 km, 5 min not stated
Station Square (metro interchange, central railway station) 7.13 km 9.4 km, 14 min railway station 17 minutes by car
Freedom Square 8.01 km 10.9 km, 15 min Old Town about 30 minutes by car
Tbilisi International Airport 20.94 km 27.5 km, 36 min airport about 40 minutes

The two sets of figures use different bases, so neither confirms nor corrects the other. For daily use, the metro distance is the one that matters most, and a buyer can walk it before deciding.

The surroundings are described by the same two broker pages, without distances or dates. Korter lists, as nearby, Tbilisi State University, the Newton Free School Campus, the Georgian American International High School Progress, Olympi School and several kindergartens; the Medicor Clinic, the Innova Medical Center and the Consilium Medulla Multiprofile Clinic; the Nikora and Madagoni supermarkets; and Jikia Park, the Mantra Recreation Center, local squares and football fields. These are broker statements, so a visit and a map check are the way to confirm what is actually within walking distance.

Korter’s "projects nearby" block names other new schemes, such as Pala Jikia and Simetria Jikia, without distances. For a sense of how the same developer’s other Saburtalo projects are priced, see section 10, which includes W2 Mindeli Tbilisi and W2 Filigreen 2 Tbilisi.

Saburtalo and Tbilisi price context from Galt & Taggart

The most detailed independent district data found for early 2026 is the Tbilisi Residential Real Estate Monthly Market Watch of Galt & Taggart for January 2026, published on 27 February 2026 and available as a PDF. The report builds sales counts from National Agency of Public Registry data and notes that primary-market sales are registered late, so the primary-market numbers lag. It defines the primary market as sales made directly between buyers and developers and the secondary market as sales between individuals.

Rendering of the Jikia ground-level passage, parking and terrace edge

The report’s key figures give a Tbilisi price of USD 1,385 per m² in January 2026, with the note that prices are for primary-market white-frame apartments, and a secondary-market price of USD 1,296 per m² for newer buildings with permits issued from 2013. It records 2,964 apartment sales in the month, of which 1,614 primary and 1,350 secondary, and USD 255.0 million as the market size.

A separate district map gives, for each district, the number of sales in January 2026 and an average price per square metre. The table reproduces the districts that matter for the w2 portfolio in Tbilisi. The report does not state on the map whether those prices cover primary sales, secondary sales or both, so they should not be set directly against the white-frame figure above.

District (Galt & Taggart map, January 2026) Sales in the month Average price, USD per m² Used for
Saburtalo 463 1,628 W2 Jikia Tbilisi; Mindeli; Filigreen 2
Vake 81 2,798 Korter’s district label for this address
Isani 229 1,401 Isani Park
Nadzaladevi 241 1,213 Sanzona
Samgori 438 1,085 Varketili IV, V, VI and Urban East
All Tbilisi, primary market, white frame 1,614 primary sales 1,385 City reference
All Tbilisi, secondary market, newer buildings 1,350 secondary sales 1,296 City reference

Saburtalo recorded 463 of the 2,964 sales that month, or 15.6 percent, the second-highest count among the twelve districts after Didi Dighomi (705). Set beside those figures, the developer’s rate of USD 1,450 per m² (12 November 2026) is 4.7 percent above the city primary-market figure for January and 10.9 percent below the Saburtalo district average. Those percentages are arithmetic on figures from different months and bases, and they do not show that the project is cheap or dear.

The Galt & Taggart report is a market snapshot of one month and says nothing about this building. Its use here is to give a reader a reference frame for Saburtalo and Tbilisi that does not depend on a developer or a listing site. The guide to Tbilisi real estate prices collects other price sources, and its figures should be read with their dates.

Buying in Georgia: registration, taxes, residence and financing

A foreigner may acquire a flat in Georgia on the same footing as a citizen; the exception is agricultural land. Article 183 of the Civil Code sets the form: a written transaction, followed by registration of the acquirer’s ownership in the Public Registry. Article 4 of the Organic Law on Agricultural Land Ownership limits title to agricultural land to the categories it lists, which include the state, municipalities, citizens and certain Georgian entities, and a flat in a city block is not in that category.

General background is in the pieces on whether foreigners can buy property in Georgia and on how to buy property in Georgia. What a buyer registers depends on the state of the building: the right to the unit once it is complete, or an obligation tied to the ownership right while it is not, with the contract setting the order of events. The registry’s fee page applies the same three tariffs to a change of right and to an obligation related to an ownership right.

Step Who Typical time or fee Source
Get the unit number, price list and draft contract in writing Buyer, developer Not published on w2.ge; terms are set by the individual contract w2.ge terms page
Order a Public Registry extract for the unit or plot Buyer, lawyer, NAPR GEL 20 in 1 working day, GEL 13 online; extra GEL 26 for an English extract NAPR information fees
Match the cadastral number to the extract Buyer, lawyer Korter prints 01.14.05.008.394; not checked against the registry by this guide Korter
Sign the written contract Buyer, developer Terms set in the contract Civil Code, Art. 183
Pay under the agreed schedule Buyer Schedule not published ("Custom Plan") Apt 4 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 of filing NAPR registration fees
Sign from abroad, if needed Buyer, NAPR Apostilled power of attorney, or a booked virtual meeting NAPR smart contract

At USD 1 = GEL 2.5933 (National Bank of Georgia, 12 November 2026) the three registration tariffs are about USD 57.8, USD 104.1 and USD 135.0; the fee depends on the speed chosen, not on the price. A buyer abroad can use a power of attorney legalised for Georgia, since the Hague Conference status table shows the Apostille Convention in force for Georgia from 14 May 2007, or the registry’s online smart-contract service. Which route the developer accepts should be settled in writing.

Since 30 September 2026 the Tax Code, in the English text on matsne.gov.ge, cites Law No. 1874 among its amendments, and the property-tax rules for individuals read differently from older guides. Article 202(5) fixes the rate for a natural person’s property other than land at no less than 0.8 and no more than 1 percent of its market value at the end of the preceding year. Article 206(1)(a) exempts such property when the family’s income in the preceding year did not exceed GEL 100,000.

The EY Georgia brief for July to September 2026 records the previous threshold as GEL 40,000, which is why older guides show smaller exemptions. Individuals file by 1 November and pay by 15 November (Article 205), and the Revenue Service hosts a calculator. Under Article 201(1)(c.a), real estate owned by a natural person is taxable, unfinished construction included. The filing steps are in the piece on property tax in Georgia.

Two further taxes may touch an owner. On a sale, Article 81(3) puts the surplus from a residential apartment at 5 percent, and Article 82(1)(f.a) leaves it untaxed after more than two years of ownership. VAT stands at 18 percent (Article 166), and the contract should state whether the price includes it.

The Public Service Development Agency lists two permits that rest on property. A short-term residence permit goes to an alien holding title to immovable property other than agricultural land worth more than USD 150,000 in lari equivalent, with the value fixed by an accredited assessor; an investment residence permit requires more than USD 300,000. Article 15 of the Law on the Legal Status of Aliens and Stateless Persons states the first test in the same terms.

What counts is the assessed value, and the contract price does not stand in for it.

Set against these rules, the printed price of Apt 4, USD 148,335, is below USD 150,000 and that of Apt 5, USD 187,195, is above it. Neither figure is an assessment, so the comparison only shows where the printed prices stand against the number in the rule. The route of application is described in the guide to obtaining a Georgian residence permit.

For loans, the National Bank’s PTI and LTV page caps loan-to-value at 90 percent for lari loans and 70 percent for foreign-currency loans; payment-to-income caps are 25 percent (lari) or 20 percent (foreign currency) when net monthly income is under GEL 1,500, and 50 percent or 30 percent from GEL 1,500 upward. Terms for non-residents differ by bank, and the mortgage guide for foreigners gives background. No bank offer specific to this building was found.

Item Rule Source
Property tax, individual 0.8 to 1 percent of the market value at the end of the preceding year; exempt if the family’s income in the preceding year did not exceed GEL 100,000; return by 1 November, payment by 15 November Arts. 202(5), 205 and 206(1)(a), Tax Code
Gain on sale of an apartment 5 percent on the surplus; no tax when a residential apartment has been owned for more than two years Arts. 81(3) and 82(1)(f.a), Tax Code
VAT 18 percent rate; inclusion in a quoted price is for the contract to state Art. 166, Tax Code
Short-term residence permit Title to property other than agricultural land, market value above USD 150,000 equivalent in GEL, assessed by an accredited assessor SDA permits page; Aliens Law, Art. 15
Investment residence permit Property valued above USD 300,000 equivalent in GEL SDA permits page
Mortgage limits Loan-to-value 90 percent (lari) and 70 percent (foreign currency); payment-to-income limits by income band NBG PTI and LTV page
Exchange rate used USD 1 = GEL 2.5933, official rate for 12 November 2026 NBG official rate

What to ask for in writing before reserving

The developer’s pages leave several points open, so the list below turns each gap into a document or an answer that a buyer can request. Part of the list belongs in the reservation form and part in the sale contract. Where a point depends on the flat, the unit number is the anchor, and the w2.ge terms page itself says that terms are set by the individual contract and that a form submission is not a reservation.

  1. The price list with unit numbers, floors, areas and the date of issue, and which of the seven listed flats each price covers.
  2. In writing, the status of the flat of interest: what Reserved means on the cards, how long it lasts and what happens when it ends.
  3. The handover or delivery date written into the contract, what counts as handover, and the stage of the building on the day of signing.
  4. The commissioning or acceptance documents for the building, if it is described as delivered, and the construction permit.
  5. The legal name and registration number of the company that will sign the contract, and of the company that owns the plot.
  6. The cadastral code and a Public Registry extract for the plot or unit, showing owner, encumbrances and registered obligations.
  7. The payment schedule, what "Custom Plan" contains, the account or escrow that receives each payment and the refund rule for a reservation deposit.
  8. Any instalment terms in writing, with the total cost of the instalment against a single payment.
  9. The finish specification: what white frame includes and excludes, who completes the interior, and the black-frame or white-frame definition the contract uses.
  10. How total area is defined in the contract, how it relates to the room list on the apartment page, and whether the price is adjusted after measurement.
  11. What the "Investment Fund" label on the apartment cards means for the buyer, if anything.
  12. The terms of the Key Card programme (also called W2 Card), whether it applies to this building and what it costs or requires.
  13. The service-charge schedule, the management company, the make and specification of the lifts, the backup generator arrangements and the rules for parking, including whether a space is included.
  14. Whether the price includes VAT, registration fees and any charge for a power of attorney, and in which currency each payment is due.
  15. Which banks, if any, finance purchases in this building, and on what terms; and, if signing from abroad, the power of attorney or registry meeting the developer accepts.

The list is the usual due-diligence set for a new-build purchase and implies nothing about the project. A written answer to each point, attached to the reservation, lets a buyer compare this building with others on equal terms. Ownership of a flat passes on registration, so the registry extract and the contract are the documents that matter most.

How W2 Jikia Tbilisi compares with other w2 projects

The w2.ge projects list of 12 November 2026 shows ten projects with flats on offer, nine in Tbilisi and one in Kutaisi. The table gives, for each, the address as printed, the number of flats listed as available and the lowest rate on the project card. Availability counts include reserved flats, as they do for this building. The table is a comparison of what is printed, with no suggestion that one project is better than another.

Project Address as printed on w2.ge Flats listed Card rate from, USD per m²
W2 Jikia Tbilisi Saburtalo, Politkovskaya Street 12 7 1,450
W2 Mindeli Tbilisi Saburtalo, Dzotsi Street 2 92 950
W2 Filigreen 2 Tbilisi Saburtalo, Giorgi Danelia Street 61 6 1,350
W2 Isani Park Tbilisi Isani, Hospital Turn N5 / 7 Vladimer Lobzhanidze Street 612 1,225
W2 Urban East Tbilisi Tbilisi, 63 Kakheti Highway 214 1,110
W2 Varketili VI Tbilisi 38A Shuamta Street, Varketili 8 1,180
W2 Sanzona Tbilisi Nadzaladevi district, Chargali Street 50 8 1,250
W2 Varketili V Tbilisi Varketili, III Microdistrict, Block X, Building 9 10 1,200
W2 Varketili IV Tbilisi Varketili III Microdistrict, Shuamta Street 40 5 1,200
W2 Kutaisi Georgia Kutaisi, Lado Asatiani Street 96 17 700

Three of the projects are in Saburtalo, and they differ in scale. Mindeli has six blocks and 92 flats listed, Filigreen 2 has six blocks and six flats listed, and this building has one block and seven. The card rates are not like-for-like, because a card rate is the lowest rate among the flats on offer at that project, and the finish and handover state differ between projects; the individual guides give the detail for each.

Projects of other developers in the same city are collected on the Tbilisi listings page. Among them, m² Highlight and m² at Mtatsminda Park are from m², whose pages print flat-level prices in the same way, while Archi Universe and Central Park Towers are examples of listings read with their own source tables.

The wider set of Georgian listings on this site is available from the country page, and each can be read with the same method: the developer’s page first, then third-party figures labelled with source and date.

Tetri Kvadrati (w2), the developer

This section repeats what the developer’s own pages and the company profile state. The site w2.ge titles itself Tetri Kvadrati, and the profile gives the company as Tetri Kvadrati LLC (შპს თეთრი კვადრატი), trading as White Square, with w2 as the website brand; no registration number or date was confirmed in the sources read. On its About page the company describes itself as part of BK Holding, an ecosystem that combines BK Construction and the Construct2 construction college. BK Construction is also the contractor named on the Jikia project card.

Giorgi Natroshvili is listed as CEO and Irakli Burdiladze as managing partner. The homepage counters read 11 ongoing projects, 6 completed projects and 2500+ completed apartments; these are the developer’s own counters, and project counts differ between sources and dates. The projects list shows Tbilisi and Kutaisi.

Two statements concern this building. A news item on w2.ge dated 19 March 2025 reports a memorandum of cooperation with Mitsubishi Electric, under which that company’s elevators are to be installed in the Jikia project, and says the developer secured financing for the project through Pasha Bank. Both are the developer’s statements, and no page of either company confirming them was found. The Key Card page lists 46 partners with discount labels of 10 to 50 percent; eligibility and validity are not stated there.

Frequently asked questions

How many flats are for sale in W2 Jikia Tbilisi?

On 12 November 2026 w2.ge lists seven flats in the building: Apt 4 and Apt 5 with a printed price, and Apts 8, 35, 50, 100 and 235 marked Reserved. The building has 283 apartments according to the developer, so 276 are not on the list; that number is arithmetic, because w2.ge prints no sold count. Korter says the developer’s apartments are sold and shows resale listings, which belong to private sellers.

What does a flat in W2 Jikia Tbilisi cost?

The developer prints USD 1,450 per m² on all seven listed flats, which is GEL 3,760 per m² at the page rate. The two priced flats are Apt 4, 102.3 m², at USD 148,335, and Apt 5, 129.1 m², at USD 187,195. The reserved flats print no price on their cards. Resale advertisements on Korter ask USD 1,554 to 2,563 per m², and those are sellers’ asking prices, not developer prices.

Is W2 Jikia Tbilisi finished or still under construction?

The sources differ. The w2.ge projects list labels it Ongoing and prints no handover date. Korter describes one house delivered in Q2 2026 and a developer page reading Completed in 2026, while an older w2.ge page printed September 2025 and the BK Construction card prints 22.12.2024. The guide shows each source and does not choose. The date that binds a buyer is the one in the contract.

What finish do the flats have?

w2.ge does not state the finish for this building. It says only that the walls use thermal-insulation materials and that double-glazed aluminium windows and doors are installed. Korter and Tbilisi Property say the flats are in white frame, with utilities, central heating, wiring, windows and front doors. Because the scope of white frame varies, the exact specification should be requested in writing.

Which district is the building in?

The developer’s address is Saburtalo, Politkovskaya (formerly Jikia) Street 12, and Tbilisi Property and the BK Construction card also say Saburtalo, while Korter labels the same address Vake. This guide follows the developer. The nearest metro station, State University, is the western terminus of the Saburtalo Line and lies 0.61 km in a straight line from the project coordinates on w2.ge.

How far is the nearest metro station?

Calculated from the coordinates on w2.ge and Wikipedia, State University station is 0.61 km away in a straight line, and the modelled road route is 1.0 km. Korter and Tbilisi Property describe a 5-minute walk, which a visit can confirm. The central Station Square interchange, with the railway station, is 7.13 km away in a straight line and 9.4 km by the modelled road route.

Can a foreigner buy a flat in W2 Jikia Tbilisi?

Georgian law lets a foreigner acquire an apartment on the same basis as a citizen; only agricultural land is reserved. Article 183 of the Civil Code requires a written transaction and registration of the acquirer’s ownership in the Public Registry. A buyer abroad can use an apostilled power of attorney or the registry’s online smart-contract service, if the developer accepts it.

Does a flat in W2 Jikia Tbilisi qualify for a residence permit?

A short-term residence permit is available to a foreigner who holds title to immovable property other than agricultural land with an assessed market value exceeding USD 150,000 equivalent in lari. The assessor sets the value, not the contract. The printed price of Apt 4, USD 148,335, is below that figure and Apt 5, USD 187,195, is above it, which says nothing about the assessed value.

How is a flat in this building taxed as property?

Since 30 September 2026 (Law No. 1874) a natural person’s property other than land is exempt when family income in the previous year did not exceed GEL 100,000; above that the Tax Code sets 0.8 to 1 percent of the market value at the end of the previous year. Returns are filed by 1 November and the tax is paid by 15 November. Older guides may still show the former GEL 40,000 band.

Is there a payment plan or a mortgage for this building?

w2.ge publishes no payment schedule for this building; the apartment cards show the label Custom Plan, and the Georgian text there refers to individual terms. No bank offer specific to the building was found. Mortgage limits for any purchase are set by the National Bank of Georgia, at 90 percent loan-to-value for lari loans and 70 percent for foreign-currency loans.

Sources and last check

Last checked: 12 November 2026. Sources:

This is not legal, tax or financial advice.

  • City Tbilisi
  • Country Georgia

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Zhamal Abdykozhoeva
  • Zhamal Abdykozhoeva

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Zhamal Abdykozhoeva
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