W2 Isani Park Tbilisi is a four-block residential project by Tetri Kvadrati (brand w2, also written White Square) at Vladimer Lobzhanidze Street 7 in the Isani district, where w2.ge listed 612 apartments on 12 November 2026: 559 marked available and 53 reserved, at USD 1,470 to 1,560 per m² and from USD 82,687.5 for a single flat.
This guide to W2 Isani Park Tbilisi reads the developer’s project, block and apartment pages as they stood on 12 November 2026 and sets beside them what Korter, xeli, Avezor, GEOLN and Expat Home Georgia print.
The developer splits handover into two phases, December 2027 for Blocks C and D and June 2029 for Blocks A and B, while the portals mostly show one earlier date; each figure is given with its source and date and the guide does not choose between them.
It adds a price ladder built from every apartment page, sourced context on Isani, the metro and the Mtkvari embankment, the Georgian rules on registration, tax, residence and financing, and a list of what a buyer can ask for in writing before paying a reservation.
The developer’s project page calls Isani Park a new multifunctional district by Tetri Kvadrati that unites modern architecture, a green environment and infrastructure for everyday comfort.
It gives the address as Isani, Hospital Turn N5 / 7 Vladimer Lobzhanidze Street, lists four blocks (A, B, C and D) and states the completion date as December 2027 for Blocks C and D and June 2029 for Blocks A and B.
All four blocks carry the status Ongoing, and the project card reads 0 of 4 blocks completed.
For a buyer the working facts sit on the apartment pages.
On 12 November 2026 they listed 612 flats with block, floor, area, room breakdown, status and a USD list price: 178 in Block A, 241 in B, 71 in C and 122 in D.
The project card on w2.ge counts all 612 as available, whereas the unit pages mark 559 available and 53 reserved.
Flats already sold are not listed, so the developer’s pages do not show how many flats the four blocks hold in total.
The pages do not state the finish of the flats, a payment schedule, the contracting entity or the permit.
Those gaps are filled elsewhere in this guide only by what portals and brokers print, labelled as such, and the last section before the sources turns each gap into a written question.
| W2 Isani Park Tbilisi key facts | As published (w2.ge, 12 November 2026, unless stated) |
|---|---|
| Location | Tbilisi, Isani district; Isani, Hospital Turn N5 / 7 Vladimer Lobzhanidze Street, per the developer |
| Developer | Tetri Kvadrati (w2.ge; brand w2; White Square in older material and on portals) |
| Status | Ongoing; 0 of 4 blocks completed per the project card |
| Blocks | Four: A, B, C and D |
| Flats listed | 612: A 178, B 241, C 71, D 122; 559 available and 53 reserved; sold flats are not listed |
| Layouts | 1 bedroom 61.1 to 78.1 m²; 2 bedrooms 82.4 to 93.8 m²; 3 bedrooms 123.9 to 125.5 m² (bedroom count taken from each flat’s room breakdown) |
| Floors with listed flats | A 3 to 26, B 3 to 28, C 3 to 29, D 4 to 30 (floors 3, 6 and 10 of D are flagged all sold) |
| Price | USD 82,687.5 to 190,760 for available flats; “$83k” printed as the lowest price on the apartments filter |
| Price per m² | USD 1,470 to 1,560, plus one flat at USD 1,225 (Block A, apartment 21) |
| Handover | Blocks C and D December 2027; Blocks A and B June 2029 |
| Finish | Not stated on w2.ge; portals disagree (black frame or green frame) |
| Payment plan | No schedule printed; the unit pages show a “Custom Plan” button |
| Coordinates | 41.68095626, 44.84028681 (map block on the project page) |
| Contracting entity, permit, architect | Not named on the pages read |
Public information on the project comes from the developer’s pages and from portals and brokers, and the figures do not agree on several points.
The first table below lines them up.
The developer’s figures are “per the developer” with the date they were read; every other figure is “per” the named source on its date, and the guide does not decide which one is right or repair a figure to fit another.
| Item | Per the developer (w2.ge, 12 November 2026) | What third parties print |
|---|---|---|
| Address | Isani, Hospital Turn N5 / 7 Vladimer Lobzhanidze Street; the contact page lists a sales office at 7 Vladimir Lobzhanidze St. | Korter, Avezor and GEOLN: Navtlughi (Navtlugi) Street 8; xeli: 5 Hospital Lane / 7 Vladimer Lobzhanidze Street, by Navtlughi Street |
| Blocks | Four blocks, A to D | Korter: “Total 5 houses”, four under construction, Block E “planned”; xeli: four blocks numbered 1 to 4; Avezor: 1 building |
| Floors | Highest listed flat: A 26, B 28, C 29, D 30 | Korter: 29 to 30 floors, five towers, monolithic frame, 3.0 m ceilings; xeli: four high-rise blocks of 24 to 28 storeys; GEOLN: 30 floors |
| Flats | 612 listed (559 available, 53 reserved) | xeli: 561 for sale of 1,363, 752 sold (computed by xeli, which says the developer does not publish these figures); Korter layout counts 420 + 129 + 117 = 666 |
| Price from | USD 82,687.5 for one flat; “$83k” on the filter; otherwise from USD 90,405 | Korter USD 89,817; xeli USD 82,688; Avezor USD 75,153 (2-room); GEOLN USD 219,600 (listing of 27 May 2025) |
| Price per m² | USD 1,470 to 1,560 | Korter from USD 1,470; xeli median USD 1,510; Avezor from USD 1,230; GEOLN USD 3,600 |
| Distance to Isani metro | Not stated | Korter about 1 km; Avezor 5-minute walk; GEOLN 2 minutes; calculated straight line from the developer’s coordinates about 0.62 km |
The handover dates matter most, because the developer separates two phases and the portals mostly show one date.
The table gives every date found, with the source and the day the page was read or, for a dated listing, published.
| Source | Handover as printed | Date of the page |
|---|---|---|
| w2.ge project page (developer) | Completion date: C/D Blocks December 2027; A/B Blocks June 2029 (same dates in the English, Russian and Georgian versions) | Read 12 November 2026 |
| xeli.ge | Block 1 and Block 2 July 2029; Block 3 and Block 4 December 2027 | Read 12 November 2026 |
| Korter | Blocks C and D completion in Q3 2027 (construction start Q3 2024); “next delivery in Q3 2027”; Blocks A and B “under construction” with no date | Prices as of 4 November 2026 |
| Avezor | “Nearest completion in Q4 2027”; the only building shown has “handover Q4 2027” | Listing dated 11 September 2026 |
| Expat Home Georgia | Isani Park handover Q3 2027 | Read 12 November 2026, undated |
| GEOLN | Construction completion September 2027 | Listing published 27 May 2025 |
Three things follow from the table.
First, only the developer prints both phases; the xeli dates match the developer’s pair of months, except that xeli says July and w2.ge says June 2029, and xeli numbers its blocks 1 to 4 without saying which number is which letter.
Second, the earlier portal dates (Q3 and Q4 2027, September 2027) relate to the C and D phase or to an older listing, and none of them speaks for Blocks A and B.
Third, the dates on a portal can be a quarter, a month or a year, so they cannot be compared without the contract wording.
A buyer therefore needs the block letter and the unit number first, and the handover date for that block written into the contract, with the definition of handover.
The numbering also needs care: Korter calls its blocks C and D and also lists a Block A, but it counts Block E as planned, a block the developer’s pages do not show.
A flat quoted by a broker as “Block C” should be matched to a unit page on w2.ge before anything else is relied on.
The unit totals are the other conflict.
The developer’s pages show flats on sale, not the scale of the scheme, so xeli’s 1,363 and Korter’s 666 describe different things from the 612 on w2.ge. xeli says it calculates its numbers from the apartments currently for sale, and Korter does not say how its layout counts are built.
The guide uses the 612 as the only count that can be checked flat by flat and reports the others as indications.
Each block has its own page on w2.ge (A, B, C and D) with a floor selector that shows how many flats are listed on each floor.
Adding the floors gives the same totals as the unit pages, so the two views of the project agree.
The table sets out what the pages show, with the reserved share calculated from the counts.
| Block | Flats listed | Available | Reserved | Reserved share (calculated) | Floors with listed flats | Area range of listed flats (m²) | Completion per the developer |
|---|---|---|---|---|---|---|---|
| A | 178 | 172 | 6 | 3.4 percent | 3 to 26 (24 floors) | 61.2 to 125.5 | June 2029 |
| B | 241 | 233 | 8 | 3.3 percent | 3 to 28 (26 floors) | 61.1 to 125.5 | June 2029 |
| C | 71 | 53 | 18 | 25.4 percent | 3 to 29 (27 floors) | 61.7 to 125.5 | December 2027 |
| D | 122 | 101 | 21 | 17.2 percent | 4 to 30 (25 floors) | 61.5 to 125.5 | December 2027 |
Blocks A and B hold most of the listed flats: 419 of the 612, or 68.5 percent.
They are also the later phase, with a June 2029 completion date.
Blocks C and D hold 193 listed flats with a December 2027 date, and a larger share of those are reserved: 25.4 percent in Block C and 17.2 percent in Block D, against 3.4 percent in A and 3.3 percent in B.
Reserved flats are not sold and the developer does not say what a reservation involves, so the shares show how much of each block is currently held, not how much has been bought.
Block D shows a detail the other blocks do not: its floor selector flags floors 3, 6 and 10 as “All apartments sold” and lists no flats on them, which is why D has 25 listed floors between 4 and 30.
No apartments are listed on floors 1 and 2 of any block.
Korter mentions ground-floor commercial premises and underground and surface parking, which would fit that gap, but w2.ge does not say what occupies those floors.
| Block | 1 bedroom listed | 2 bedrooms listed | 3 bedrooms listed | All listed |
|---|---|---|---|---|
| A | 130 (73.0 percent) | 25 (14.0 percent) | 23 (12.9 percent) | 178 |
| B | 135 (56.0 percent) | 61 (25.3 percent) | 45 (18.7 percent) | 241 |
| C | 49 (69.0 percent) | 7 (9.9 percent) | 15 (21.1 percent) | 71 |
| D | 55 (45.1 percent) | 31 (25.4 percent) | 36 (29.5 percent) | 122 |
The mix differs by block.
One-bedroom flats are 73.0 percent of the listed flats in Block A and 69.0 percent in Block C, against 56.0 percent in B and 45.1 percent in D, while three-bedroom flats are 29.5 percent of D.
The counts include reserved flats.
They are a snapshot of what was left listed, not of the original design, and the developer prints no unit schedule for the whole scheme.
One labelling point affects every comparison with a portal.
On the unit pages of Blocks A and B the site’s own “rooms” field reads 2, 3 or 4 for what the room breakdown shows as one, two or three bedrooms, and on Blocks C and D the field is blank.
The guide counts bedrooms from the breakdown, so a w2.ge “1 bedroom” is the portals’ “2-room”, a “2 bedrooms” the “3-room” and a “3 bedrooms” the “4-room”.
Korter’s 61.1 to 78.1 m² 2-room, 82.3 to 93.5 m² 3-room and 123.3 to 124.1 m² 4-room groups follow the same pattern.
The price ladder below is built from the 559 available flats on the apartment pages of W2 Isani Park Tbilisi, read on 12 November 2026.
Reserved flats are left out, since they are not on offer, and every figure is a USD list price as printed.
The w2.ge rate field read 2.5933 lari per dollar the same day, which equals the National Bank of Georgia’s official rate, so lari figures in this section use that rate.
The prices are asking prices that change, and the developer’s terms say prices, areas and availability may change without notice.
The first table groups the flats by layout.
A one-bedroom flat costs between USD 82,687.5 and 118,712, a two-bedroom flat between USD 121,128 and 142,576 and a three-bedroom flat between USD 182,133 and 190,760.
Averages and medians are calculated from the individual list prices.
| Layout (bedrooms) | Flats listed | Available | Reserved | Area of available flats (m²) | List price range, available (USD) | Mean (USD, calculated) | Median (USD, calculated) |
|---|---|---|---|---|---|---|---|
| 1 bedroom | 369 | 344 | 25 | 61.2 to 78.1 | 82,687.5 to 118,712 | 100,383 | 97,848 |
| 2 bedrooms | 124 | 107 | 17 | 82.4 to 93.8 | 121,128 to 142,576 | 133,367 | 136,122 |
| 3 bedrooms | 119 | 108 | 11 | 123.9 to 125.5 | 182,133 to 190,760 | 185,954 | 184,485 |
The second table splits the same flats by block.
Within a layout the ranges are narrow, because area barely changes: all three-bedroom flats measure between 123.9 and 125.5 m², and the whole price range for them is under USD 9,000.
The first feature of the ladder is therefore that price tracks layout and area, with little spread inside a layout.
| Block | Layout | Available flats | Area (m²) | List price range (USD) | Mean (USD, calculated) | USD per m² seen |
|---|---|---|---|---|---|---|
| A | 1 bedroom | 127 | 61.2 to 78.1 | 82,687.5 to 114,807 | 101,646 | 1,225, 1,470, 1,510 |
| A | 2 bedrooms | 24 | 82.4 to 93.8 | 124,424 to 137,886 | 132,492 | 1,470, 1,510 |
| A | 3 bedrooms | 21 | 123.9 to 125.5 | 182,133 to 184,485 | 183,295 | 1,470 |
| B | 1 bedroom | 130 | 61.4 to 72.6 | 90,405 to 106,722 | 97,406 | 1,470, 1,510 |
| B | 2 bedrooms | 59 | 82.4 to 93.8 | 121,128 to 137,886 | 131,843 | 1,470, 1,510 |
| B | 3 bedrooms | 44 | 123.9 to 125.5 | 182,133 to 184,485 | 183,382 | 1,470 |
| C | 1 bedroom | 40 | 61.7 to 78.1 | 96,252 to 118,712 | 110,837 | 1,520, 1,560 |
| C | 2 bedrooms | 2 | 93.4 to 93.8 | 141,968 to 142,576 | 142,272 | 1,520 |
| C | 3 bedrooms | 11 | 124.1 to 125.5 | 188,632 to 190,760 | 189,876 | 1,520 |
| D | 1 bedroom | 47 | 61.5 to 62.5 | 93,632 to 97,500 | 96,310 | 1,520, 1,560 |
| D | 2 bedrooms | 22 | 82.6 to 93.8 | 125,552 to 142,576 | 137,598 | 1,520, 1,560 |
| D | 3 bedrooms | 32 | 123.9 to 125.5 | 188,328 to 190,760 | 189,886 | 1,520 |
The second feature is a block step.
Blocks C and D, the December 2027 phase, are priced at USD 1,520 or 1,560 per m², while Blocks A and B, the June 2029 phase, are at USD 1,470 or 1,510.
The step is USD 50 per m² on each pairing, which is 3.4 percent from 1,470 to 1,520 and 3.3 percent from 1,510 to 1,560.
The pages do not say why the blocks are priced as they are, and the guide does not infer a reason from the coincidence with the earlier handover.
| Block | USD 1,225 | USD 1,470 | USD 1,510 | USD 1,520 | USD 1,560 | Available flats |
|---|---|---|---|---|---|---|
| A | 1 | 79 | 92 | 0 | 0 | 172 |
| B | 0 | 106 | 127 | 0 | 0 | 233 |
| C | 0 | 0 | 0 | 43 | 10 | 53 |
| D | 0 | 0 | 0 | 53 | 48 | 101 |
The third feature concerns floors. In Blocks A and B, price per m² does not rise with height.
At USD 1,510 per m² the available flats of Block A stand on floors 5 to 26 and those of Block B on floors 4 to 28; at USD 1,470 the Block A flats stand on floors 3 to 26 and the Block B flats on floors 3 to 28.
The rate follows the layout: in Block A the one-bedroom flats of 61.2 to 68.5 m² are at 1,510 and the larger ones of 74.8 to 78.1 m² at 1,470, while the three-bedroom flats are all at 1,470.
In Block B the pattern is similar but not exact, since 24 one-bedroom flats of 61.5 to 72.6 m² are also at 1,470.
In Blocks C and D a height effect appears, but only for the smaller layouts.
The USD 1,560 rate is found on 61.7 to 62.6 m² one-bedroom flats on floors 23 to 29 of Block C, and on 61.5 to 62.5 m² one-bedroom flats on floors 18 to 30 of Block D, plus three 82.9 m² two-bedroom flats on floors 26 to 30 of D.
Every three-bedroom flat in C and D is at 1,520.
The next table averages the rate over floor bands, and the differences are small: the lowest band and the highest differ by 17 dollars per m² in Block A, 8 in B, 10 in C and 18 in D, mostly because of which layouts sit on which floors.
| Block | Floors 3 to 9 | Floors 10 to 19 | Floors 20 to 30 |
|---|---|---|---|
| A | 26 flats, USD 1,473 per m² | 84 flats, USD 1,489 per m² | 62 flats, USD 1,490 per m² |
| B | 34 flats, USD 1,483 per m² | 91 flats, USD 1,486 per m² | 108 flats, USD 1,491 per m² |
| C | 11 flats, USD 1,520 per m² | 12 flats, USD 1,520 per m² | 30 flats, USD 1,530 per m² |
| D | 5 flats, USD 1,520 per m² | 15 flats, USD 1,522 per m² | 81 flats, USD 1,538 per m² |
The weighted rate for all 559 available flats is USD 1,500 per m², calculated as the sum of list prices divided by the sum of areas (USD 68,885,128 over 45,924.3 m²).
By block it is 1,487 in A, 1,488 in B, 1,526 in C and 1,534 in D.
One flat sits outside all of this: apartment 21 in Block A, on floor 4, with 67.5 m² and a single bedroom, is listed at USD 82,687.5, which is USD 1,225 per m².
It is the lowest price on the site, the source of the “$83k” figure, and the next lowest available flat is USD 90,405.
Whether apartment 21 is a different product, a correction or a pricing choice is not stated, and it is a good question for the written list.
The lari view matters because the unit pages open in lari.
The example page for apartment 390 in Block B, on floor 28 with 61.7 m², shows a price of 241,610 lari and 3,916 lari per m²; the data behind the page carries USD 93,167 and USD 1,510 per m², and the page’s currency buttons offer lari, dollars and bitcoin.
Which currency a contract is written in, and at what rate instalments convert, are contract terms that no page states.
| Reference point (available flats) | USD list price | Lari at 2.5933 (calculated) |
|---|---|---|
| Lowest flat: Block A, apartment 21, 67.5 m², USD 1,225 per m² | 82,687.5 | 214,433 |
| Next-lowest flat: Block B, apartment 97, 61.5 m², USD 1,470 per m² | 90,405 | 234,447 |
| Median one-bedroom flat (all blocks) | 97,848 | 253,749 |
| Median two-bedroom flat (all blocks) | 136,122 | 353,005 |
| Median three-bedroom flat (all blocks) | 184,485 | 478,425 |
| Highest flat: Block C, 125.5 m², USD 1,520 per m² | 190,760 | 494,698 |
| USD 1,470 / 1,510 / 1,520 / 1,560 per m² | – | 3,812 / 3,916 / 3,942 / 4,046 per m² |
For a purchase decision the ladder gives a reading rule rather than a forecast.
A buyer comparing two flats in the same block should compare layouts and areas first, because the floor adds little in A and B.
A buyer comparing blocks should hold the layout fixed and then ask what the 50-dollar step covers: an earlier handover date, a different finish, a different specification, or none of these.
The pages leave all four open.
The developer prints list prices but no finish and no payment plan, so the remaining information comes from portals and brokers.
It is shown below as listing-site and broker indications with the date of each page, never as w2 prices.
Some of these figures are lower or higher than the developer’s current numbers, which is normal for pages that are updated on different days.
| Source and date | Scope | Price figure printed | Against w2.ge on 12 November 2026 (calculated) |
|---|---|---|---|
| w2.ge, 12 November 2026 | Available flats | USD 82,687.5 to 190,760; USD 1,470 to 1,560 per m² (one flat at 1,225) | Reference |
| Korter, prices as of 4 November 2026 | 2-room, 61.1 to 78.1 m² | From USD 89,817; from USD 1,470 per m² | No available flat on w2.ge is listed at 89,817; the next price above the 82,687.5 flat is 90,405 |
| xeli, 12 November 2026 | 1-bedroom; 2-bedroom; 3-bedroom | USD 82,688 to 118,712; 121,128 to 142,576; 182,133 to 190,760; median USD 1,510 per m² | Matches the w2.ge ranges by layout |
| Avezor, listing dated 11 September 2026 | 2-room 61.1 to 75.1 m²; 3-room 82.3 to 93.8 m²; 4-room 123.9 to 125.5 m² | From USD 75,153; 101,229; 152,397; from USD 1,230 per m² | USD 75,153 over 61.1 m² is USD 1,230 per m², the same rate on all three; w2.ge’s lowest regular rate, 1,470, is 19.5 percent higher |
| GEOLN, listing published 27 May 2025 | Whole project | USD 3,600 per m²; apartments from USD 219,600 | USD 3,600 is 2.4 times the USD 1,510 median; recorded as a dated broker indication, not adopted |
| Expat Home Georgia, 12 November 2026, undated | Project | From USD 89,817 | Same figure as Korter |
The comparison has one clear reading: the developer’s present list and the xeli ranges agree, and the other pages are either a few days older or from another period.
Avezor’s page was dated 11 September 2026 and shows one rate of USD 1,230 per m² across all layouts, which does not match any rate on w2.ge today.
GEOLN’s listing is from May 2025 and sits far from every other source.
A buyer who receives a broker quotation should ask for its date and the unit number it applies to.
On finish the sources disagree, and the developer’s pages say nothing.
Every apartment record on w2.ge carries a finish flag set to false, and the plan images are furnished renders, which show a layout and not the delivered state.
The table lists what each source prints.
| Source and date | Finish printed | Other wording on the same page |
|---|---|---|
| w2.ge, 12 November 2026 | Not stated | Plan images are furnished renders |
| Korter, 4 November 2026 | “Finishing options: black frame”; ceiling height 3.0 m | The description says apartments “are delivered with partial finishing”, which is not a frame term |
| Avezor, 11 September 2026 | “Condition: Green frame” | The same page carries a “Turnkey apartments” banner (finished renovation, furniture and appliances) that does not fit a green frame |
| GEOLN, 27 May 2025 | Black frame | Older listing |
Black frame, green frame and white frame are market terms, and the pages read for this guide do not define them.
Geostat’s price index publication splits flat prices into white, green and black frames, so the market uses the three categories, but only the contract defines what is included.
The guide therefore does not translate any of the three into a specification.
On payment, the developer’s unit pages carry an empty plan field and a “Custom Plan” button, and the terms page (its text is in Georgian on the English site) says that filling in a form is not a reservation, that a transaction takes effect only after the relevant contract is signed and that purchase terms are set by a separate contract.
Portals fill the gap.
Avezor prints a developer instalment with a 10 percent down payment and a term of up to 24 months. xeli says White Square offers an in-house instalment plan without a bank.
Korter shows a TBC Bank mortgage widget at a nominal rate from 7.4 percent and an effective rate from 8.3 percent, tied to Term SOFR, with the note that final terms are set at credit approval.
| Source and date | Payment terms printed | Who set the terms |
|---|---|---|
| w2.ge, 12 November 2026 | No standard instalment plan published; “Custom Plan” button; USD list price; page currency buttons for lari, dollars and bitcoin | Developer |
| Avezor, 11 September 2026 | Down payment 10 percent; instalment term up to 24 months | Broker page, attributed to the developer |
| xeli, 12 November 2026 | In-house instalment plan, no bank involved; no terms given | Broker page |
| Korter, 4 November 2026 | Cash, or mortgage widget from TBC Bank: from 7.4 percent nominal, from 8.3 percent effective, Term SOFR | Portal widget, not a bank page |
Because the schedule is unpublished, only arithmetic can show what the broker terms would mean, and it is not an offer.
On an illustrative flat of USD 100,000, a 10 percent down payment is USD 10,000 and the remaining USD 90,000 over 24 equal monthly payments is USD 3,750 a month, with no interest assumed.
Whether the list price rises for instalment buyers, whether interest or a fee applies and what happens at the end of the term are the open points; the instalment’s effective cost can only be calculated from the contract schedule.
The Key Card, the resident programme also known as the W2 card, is described on the developer’s page as a programme that unites up to 50 partner companies with offers and discounts on renovation materials, furniture, appliances, interior design, education and sports, and the partner tiles carry discount labels from -10 percent to -50 percent.
It does not say who receives the card, whether it comes with a purchase, how long it is valid or on which products each discount applies, so it is treated as a loyalty programme and not as a price term.
W2 Isani Park Tbilisi stands at the address given above in Isani.
The developer’s map block gives the coordinates 41.68095626, 44.84028681, and its contact page marks a sales office at 7 Vladimir Lobzhanidze Street about 60 metres away (calculated from the two map points).
Isani is an administrative district of the city; Wikipedia lists its neighbourhoods as Isani, Avlabari, Navtlughi, Metromsheni, Elia and Vazisubani and gives the district a population of 125,610 in 2017, a figure from an older census.
Geostat puts the population of Tbilisi at 1,369.4 thousand on 1 January 2026, so the two numbers come from different years and are not a share.
The nearest metro station is Isani.
Wikipedia gives its opening as 5 May 1971 on the Akhmeteli-Varketili line, between Samasi Aragveli and Samgori, and notes an overground vestibule with a glass dome designed by G.
Modzmanashvili and N. Lomsadze. The developer states no distance to it.
Calculated from the project coordinates and the station’s coordinates, the straight line is about 0.62 km.
Korter says about one kilometre, Avezor a five-minute walk and GEOLN two minutes, without naming the mode in the last case, so none of these is a measured walking route.
The table gives distances from the project coordinates.
Straight-line figures are calculated from coordinates.
Road figures come from the OpenStreetMap-based routing service OSRM requested on 12 November 2026 for a car without traffic, so a real journey takes at least this long, and they are not walking or metro times.
Portal figures are the portal’s own.
| Place (from the project coordinates) | Portal figure | Calculated straight line | Road, OSRM car without traffic |
|---|---|---|---|
| Isani metro station | Korter about 1 km; Avezor 5-minute walk; GEOLN 2 minutes | About 0.62 km | 1.5 km, about 3 minutes |
| Samgori metro station | GEOLN 15 minutes (mode not stated) | About 1.29 km | 2.6 km, about 6 minutes |
| Samasi Aragveli metro station | GEOLN 15 minutes (mode not stated) | About 1.32 km | 1.8 km, about 4 minutes |
| Avlabari metro station | – | About 2.44 km | 4.1 km, about 6 minutes |
| Freedom Square | – | About 3.49 km | 5.0 km, about 6 minutes |
| Rustaveli metro station | – | About 4.88 km | 6.4 km, about 8 minutes |
| Station Square metro station | – | About 5.84 km | 7.2 km, about 11 minutes |
| Tbilisi International Airport | Korter: drive up to 30 minutes | About 9.59 km | 13.6 km, about 19 minutes |
Coordinates for the stations, the square and the airport come from the Wikipedia pages linked in the table, and routes were requested from Project OSRM.
The OSRM times are shorter than Korter’s 30 minutes for the airport because the routing service assumes free-flowing roads; a traffic-dependent journey can take longer, and the guide does not measure it.
The rest of the local picture is Korter’s, and the guide reports it as the portal’s description without having checked it on the ground.
Korter says the embankment is two minutes away on foot, Arthur Leist Park 850 metres, a public transport stop 100 metres, and the Isani bus station about 15 minutes on foot.
It lists bus routes 20, 101, 343, 346, 350, 371 and 372 along Richard Holbrooke Street every 10 to 15 minutes, minibus routes 523, 545, 547, 550 and 557, and the Naftlugi railway station and the Samgori bus station 2 km away.
For daily needs Korter names a Carrefour City supermarket, the Isani shopping centre, an Olympic swimming pool, Kindergarten No. 215, schools No. 81 and No. 99, Imedi College and Tbilisi University of Humanities in the district.
None of these is on the developer’s pages, and a buyer for whom a school place or a bus line matters should confirm it with the school, the city’s transport operator or the municipality.
Price context comes from official statistics.
Geostat publishes a Residential Property Price Index for new dwellings in Tbilisi, compiled from advertised offer prices obtained by web scraping, and its second-quarter 2026 release of 23 July 2026 charts median prices per m² for newly built flats by district, with Isani among them.
The chart values do not extract as text, so the guide uses the first-quarter 2026 figures reported by Business Insider Georgia: Isani 3,948 lari per m², Samgori 3,651, Saburtalo 4,333 and Vake 5,958.
The comparison with the project is loose.
The median of the available flats at W2 Isani Park Tbilisi is USD 1,510 per m², which is 3,916 lari at 2.5933, close to the 3,948 reported for Isani.
But Geostat’s figure covers offers of all frame conditions across a district and a different quarter, and the project’s figure is a developer list.
A reader should treat the two as the same order of magnitude, not as evidence that the project is priced above or below the district.
| Price indication (per m²) | Figure | Source and date | Note |
|---|---|---|---|
| Isani district, newly built flats | 3,948 lari | Business Insider Georgia reporting Geostat, Q1 2026 (23 April 2026) | Offer prices from web scraping |
| Samgori / Saburtalo / Vake | 3,651 / 4,333 / 5,958 lari | Same | Same |
| Isani Park, median of available flats | USD 1,510 = 3,916 lari at 2.5933 | w2.ge, 12 November 2026 | Calculated; developer list price |
| Tbilisi primary market average, December 2025 | USD 1,373 | GBC summarising Galt and Taggart, 3 February 2026 | Different series and date |
| Isani average across five projects | USD 2,207 | xeli, 12 November 2026 | Broker analytics, computed by xeli |
xeli’s own analytics put the Isani Park median 32 percent below the Isani average of USD 2,207 per m² across five projects, a figure the site computes from current listings.
The percentage follows from its two numbers (1,510 against 2,207), but the five-project sample is the broker’s and the guide does not know which projects it holds.
It is listed for completeness and not as a conclusion.
The developer’s description of the amenities is short: a recreational zone, sports and children’s playgrounds, a school, a kindergarten, commercial spaces and a pool.
The text then says the project is created to modern construction standards with energy-efficient solutions and safety systems, and that it will be equipped with fire safety systems and a backup generator that keeps the fire systems, the lifts and the emergency and evacuation lighting of the parking, hallways, communal areas and courtyard working.
The verbs are future and the wording is the developer’s.
The developer’s renders, which accompany this listing, show an outdoor pool with a bar pavilion, a sports court, a children’s playground, a landscaped park and ground-floor shop units facing the courtyard.
Renders illustrate an intention.
They do not say which blocks the facilities belong to, whether the pool is for residents only, who runs the school and kindergarten or on what date any of it opens.
| Facility | Developer wording (w2.ge) | Brokers and portals | What is not stated |
|---|---|---|---|
| Pool | Listed in the description | Avezor: outdoor swimming pool | Size, access, running costs, date |
| School and kindergarten | Listed in the description | Korter: operate on site; the district also has schools No. 81 and 99 and Kindergarten No. 215 | Operator, capacity, ownership of the premises, date |
| Sports and playgrounds | Sports and children’s playgrounds | Avezor: padel courts, playgrounds | Which facilities are public |
| Commercial space | Commercial spaces | Korter: ground-floor commercial premises | Who owns and lets the units |
| Parking | Parking is named only with the emergency lighting | Korter: underground, surface and bicycle parking; Avezor: underground parking | Spaces per flat, price, ownership |
| Security and lifts | Fire safety systems, generator, lift and lighting backup | Korter: 24-hour video surveillance, entrance barrier, imported lifts; Avezor: 24/7 security | Provider and service-charge share |
Two points deserve a written answer.
The first is that a school and a kindergarten are named by the developer, but nothing on the pages says who will run them, whether the premises will be leased to an operator or transferred to the city, or what they will cost families.
The second is the common property: pool, courtyard, parking and play areas can carry a service charge, and the pages give neither an amount nor a rule for sharing it among four blocks that complete in two phases.
Portal descriptions in this field are marketing text and the guide uses them only where they add a detail the developer leaves out.
Korter’s wording about build quality, energy efficiency and the project’s prospects is the portal’s view, and a buyer should not read it as a specification or as a statement of w2.
A foreign buyer’s rights over a Tbilisi flat follow the Civil Code.
Under Article 183, an agreement to acquire an immovable thing must be in writing, and the acquirer’s ownership must then be entered in the Public Registry.
Flats are not singled out for foreigners.
The Georgian restriction that does apply to non-citizens concerns farmland: Article 4 of the agricultural land law lists who may own it, and a flat in a city block falls outside that scope.
The site’s general guides cover whether foreigners can buy property in Georgia and how to buy property in Georgia step by step.
Registration is charged per application, not as a share of the price.
The NAPR fee page gives the same three tariffs for entering a change of a right to immovable property and for entering an obligation tied to an ownership right: GEL 150 with a four-working-day term, GEL 270 for one working day and GEL 350 on the day of filing.
Converted at GEL 2.5933 per dollar, they are roughly USD 57.8, 104.1 and 135.0.
For a flat that is not yet built, which of the two entries applies is a matter for the contract and the buyer’s lawyer.
A buyer who cannot attend in person has two usual options.
One is a representative holding a power of attorney with an apostille; the Hague Conference status table shows the Apostille Convention in force for Georgia from 14 May 2007.
The other is the registry’s smart-contract service, where rights are registered online during a booked virtual meeting.
The developer may prefer one of them, so the choice belongs on the written list.
| Step | Who | Typical time or fee | Source |
|---|---|---|---|
| Receive the unit number, price list and draft contract | Buyer, developer | Not published on w2.ge; its terms page says purchase terms come from a separate contract | w2.ge terms |
| Order a registry extract on the plot | Buyer, lawyer, NAPR | GEL 20 in 1 working day, GEL 13 online; GEL 26 added for English | NAPR information fees |
| Compare plot and cadastral data with the extract | Buyer, lawyer | Korter prints cadastral number 01.17.12.027.050; not checked against the registry | Korter |
| Sign the written contract | Buyer, developer | As agreed in the contract | Civil Code, Art. 183 |
| Pay according to the schedule | Buyer | No schedule published | Unit pages |
| Enter the right or obligation in the registry | Buyer, NAPR | GEL 150, 270 or 350 depending on speed | NAPR fee page |
| Complete the steps from abroad, where needed | Buyer, NAPR | Apostilled power of attorney or online virtual meeting | NAPR smart contract |
Property tax on individuals was reset on 30 September 2026.
The Tax Code on matsne.gov.ge lists Law No. 1874 of that date under Article 202, which fixes the rate for a natural person’s property other than land at not less than 0.8 and not more than 1 percent of year-end market value.
Under Article 206(1)(a) that property is exempt when the family’s income in the preceding year stayed at or under GEL 100,000.
The EY Georgia brief for July to September 2026 puts the earlier threshold at GEL 40,000, so older guides show outdated bands.
Article 201(1)(c.a) names real estate owned by a natural person, “including an unfinished construction”.
How that applies to someone holding an off-plan contract depends on the contract and on what the registry shows, so a tax adviser should answer it for the buyer’s case.
Filing is due by 1 November and payment by 15 November (Article 205).
The Revenue Service publishes a 2026 calculator for individuals, and the property tax guide describes the procedure.
Other taxes come from Articles 81, 82 and 166.
Rent from a home let to a tenant is taxed at 5 percent if the owner takes no deductions, and other personal income at 20 percent.
A gain on the sale of a residential apartment is taxed at 5 percent, with an exemption once the owner has held it for more than two years.
VAT is 18 percent, and the contract should state whether a quoted price includes it.
Residence through property is set by the Public Service Development Agency and by Article 15(j) of the Law on the Legal Status of Aliens and Stateless Persons.
A short-term permit requires title to immovable property, other than agricultural land, whose market value exceeds USD 150,000 equivalent in lari, as established by an accredited assessor.
The agency also describes a separate investment permit tied to property above USD 300,000.
The assessor’s valuation counts, not the contract price; the residence permit guide explains the procedure.
Applied to the list, the prices at W2 Isani Park Tbilisi fall into two groups.
All 108 available three-bedroom flats are listed at USD 182,133 to 190,760, which is above USD 150,000 (GEL 388,995 at 2.5933) and below USD 300,000.
The 344 one-bedroom and 107 two-bedroom flats are listed at USD 82,687.5 to 142,576, below USD 150,000.
A list price is not a valuation, so none of this says that a flat qualifies; the accredited assessor’s report on the specific flat does.
The National Bank of Georgia sets lending ceilings on its PTI and LTV page.
Loan-to-value may reach 90 percent for lari loans but only 70 percent for foreign-currency loans, so a foreign-currency loan on a USD 100,000 valuation tops out at USD 70,000 and leaves at least USD 30,000 to the buyer.
Payment-to-income caps depend on net monthly income: below GEL 1,500 they are 25 percent for lari and 20 percent for foreign-currency loans, and from GEL 1,500 they are 50 and 30 percent.
Banks add their own conditions for non-residents; see the guide to mortgages for foreigners in Georgia.
No bank page naming this project was found.
A BasisBank partner-developer page describes White Square as the bank’s partner company for a different, completed project (22 D Kavtaradze Street, transferred as white frame), and the TBC example on Korter is a portal widget.
A buyer who needs a mortgage can ask the developer which banks have approved the project and ask the chosen bank which valuation it will use.
| Item | Rule | Source |
|---|---|---|
| Property tax, individual | Rate band 0.8 to 1 percent of year-end value; exempt if the previous year’s family income was GEL 100,000 or less; filing 1 November, payment 15 November | Tax Code arts. 202(5), 205, 206(1)(a) |
| Rental income, individual | 5 percent on residential rent without deductions; 20 percent general rate | Tax Code art. 81(1)-(2) |
| Sale of an apartment | Gain taxed at 5 percent; exempt after more than two years of ownership | Tax Code arts. 81(3), 82(1)(f.a) |
| VAT | Rate 18 percent; the contract states the price basis | Tax Code art. 166 |
| Short-term residence permit | Property other than agricultural land with market value exceeding USD 150,000 equivalent in GEL, valued by an accredited assessor | SDA page; Aliens Law |
| Investment residence permit | Property exceeding USD 300,000 equivalent in GEL | SDA page |
| Mortgage ceilings | Loan-to-value 90 percent (lari) and 70 percent (foreign currency); payment-to-income by income band | NBG page |
| Exchange rate used | USD 1 = GEL 2.5933, official rate valid from 12 November 2026 | NBG official rate |
The developer’s pages leave several points open, so the list below turns each gap into a document or an answer a buyer can request before paying anything.
Some items belong in the reservation form and the rest in the sale contract; the unit number anchors every one of them.
This is the ordinary set of checks for buying off plan and says nothing against the project.
A written answer to each point, attached to the reservation, lets a buyer compare this project with others on equal terms, and a buyer abroad can have a lawyer collect the answers and attend the registry.
Tetri Kvadrati has ten projects with flats on sale on this site, nine in Tbilisi and one in Kutaisi.
The table lists them with the number of apartments the project cards on w2.ge show as available on 12 November 2026 and the lowest flat price recorded for each listing.
A lowest price is not an average and the flats differ widely in size, so the rows compare nothing beyond what they print; no project is ranked against another.
| Project | Area per w2.ge | Apartments shown as available (card) | Lowest flat price printed (USD) | Handover per w2.ge |
|---|---|---|---|---|
| W2 Isani Park Tbilisi (this page) | Isani, 7 Vladimer Lobzhanidze St | 612 (559 available, 53 reserved on unit pages) | 82,687.5 | C/D December 2027; A/B June 2029 |
| W2 Mindeli Tbilisi | Saburtalo, Dzotsi St 2 | 92 | 98,350 | No date printed; 2 of 6 blocks shown completed |
| W2 Urban East Tbilisi | 63 Kakheti Highway, Samgori | 214 | 42,454.5 | No date printed |
| W2 Filigreen 2 Tbilisi | Saburtalo, Giorgi Danelia St 61 | 6 | 130,500 | No date printed |
| W2 Jikia Tbilisi | Saburtalo, Politkovskaya St 12 | 7 | 148,335 | No date printed |
| W2 Varketili VI Tbilisi | Varketili, 38A Shuamta St | 8 | 49,560 | No date printed |
| W2 Varketili V Tbilisi | Varketili, III microdistrict, Block X | 10 | 61,920 | No date printed |
| W2 Varketili IV Tbilisi | Varketili, III microdistrict, Shuamta St 40 | 5 | 58,440 | No date printed |
| W2 Sanzona Tbilisi | Nadzaladevi, Chargali St 50 | 8 | 91,750 | No date printed |
| W2 Kutaisi Georgia | Kutaisi, Lado Asatiani St 96 | 17 | 55,350 (available flats) | No date printed |
Isani Park is the only one of the ten with four blocks on sale and two printed completion phases, and by card count it shows more apartments than the other nine together (612 against 367).
The three Varketili listings (Varketili VI, V and IV) and Urban East on the Kakheti Highway are in the Samgori district, to the east along the same metro line.
Sanzona is in Nadzaladevi, and Mindeli, Filigreen 2 and Jikia are in Saburtalo.
Other developers’ listings on this site sit in neighbouring parts of Tbilisi.
Tbilisi DownTown by NEXT is in Avlabari, a neighbourhood of the Isani district per Wikipedia, and NEXT Oriental and Archi Horizon are placed in Ortachala by their own pages.
The guide to Mira Verde Tbilisi covers a project outside the city centre, in Tbilisi Hills.
Each page carries its own sources and conflicts, and none is compared with this one here.
For market and listing context, see the Tbilisi real estate prices guide, the Tbilisi city page and the Georgia country page.
Tetri Kvadrati is a development company that, per its About page, belongs to BK Holding, an ecosystem combining the construction company BK Construction and the Construct2 construction college.
The page says BK Construction has been building in Georgia for over 30 years and that Tetri Kvadrati has projects in Tbilisi and Kutaisi.
It lists Giorgi Natroshvili as Chief Executive Officer and Irakli Burdiladze as Managing Partner.
The home page shows counters of 11 ongoing projects, 6 completed projects and more than 2,500 completed apartments, beside a line reading “5+ years” of delivering projects since 2021.
Forbes Georgia wrote in August 2023 that the company had operated since 2020 inside BK Holding, with nine projects on the map; those are interview statements and belong to the company.
The two start years differ and the guide does not reconcile them.
In March 2022 the Business Association of Georgia noted that BK Construction and White Square, both owned by BK Holding, had joined it.
The contact page lists a head office on Vazha-Pshavela Avenue, a sales office on Al.
Kazbegi Avenue, a sales office at 7 Vladimir Lobzhanidze Street (the Isani Park address) and a sales office in Kutaisi.
The brand appears as Tetri Kvadrati on w2.ge and as White Square on portals and in the site’s terms.
The project pages do not name the contracting entity, which is why the seller’s legal name is on the written list in section 9.
The project is a four-block residential development by Tetri Kvadrati (w2, also White Square) at Vladimer Lobzhanidze Street 7 in Isani, Tbilisi. On 12 November 2026 w2.ge listed 612 apartments in Blocks A, B, C and D, of which 559 were available and 53 reserved. The listed flats have one, two or three bedrooms and measure 61.1 to 125.5 m². The developer gives completion as December 2027 for Blocks C and D and June 2029 for Blocks A and B.
Available flats are listed at USD 82,687.5 to 190,760 on w2.ge on 12 November 2026: one-bedroom flats USD 82,687.5 to 118,712, two-bedroom flats USD 121,128 to 142,576 and three-bedroom flats USD 182,133 to 190,760. Rates are USD 1,470 to 1,560 per m², with one flat at USD 1,225. These are asking prices that change; portal figures such as Korter’s USD 89,817 are indications with their own dates.
Per the developer, December 2027 for Blocks C and D and June 2029 for Blocks A and B. Korter prints Q3 2027 for C and D, Avezor Q4 2027, Expat Home Georgia Q3 2027, GEOLN September 2027 (a May 2025 listing) and xeli July 2029 and December 2027. Only the contract fixes a date, so a buyer should have the date for the block of the chosen unit written in, with the definition of handover.
The developer’s pages do not say. Korter and GEOLN print black frame, Avezor prints green frame while its page also carries a turnkey banner, and the plan images on w2.ge are furnished renders. Because the terms are not defined by law, the finish must be set out in the contract for the unit, with the list of works and materials included.
w2.ge publishes no schedule; the unit pages show a Custom Plan button and an empty plan field. Avezor prints a developer instalment with 10 percent down and a term of up to 24 months, and xeli says there is an in-house plan without a bank. A buyer should ask for the schedule, any interest or fee and the effective cost in writing, since portal summaries are not contract terms.
It is in the Isani district of Tbilisi. Calculated from the developer’s coordinates, Isani metro station is about 0.62 km in a straight line and about 1.5 km by road. Korter says about one kilometre, Avezor a five-minute walk. Freedom Square is about 3.5 km in a straight line and 5.0 km by road; the airport is about 9.6 km in a straight line and 13.6 km by road.
The test is a market value exceeding USD 150,000 equivalent in lari, set by an accredited assessor. Three-bedroom flats are listed at USD 182,133 to 190,760, above that figure, while one- and two-bedroom flats are listed at USD 82,687.5 to 142,576, below it. A list price is not a valuation, so the assessor’s report on the specific flat decides.
Yes. Georgian law ties the transfer of a flat to a written contract and an entry in the Public Registry, and a foreign buyer goes through the same steps as a citizen; only agricultural land is restricted, which does not matter for a city flat. The entry costs GEL 150, 270 or 350 by speed. A buyer abroad can use an apostilled power of attorney or the registry’s online meeting.
Portals update on different days, group flats by their own labels and sometimes show an older listing. Korter and Avezor call a one-bedroom flat a 2-room, Avezor shows one rate of USD 1,230 per m² and GEOLN a May 2025 figure of USD 3,600. xeli’s ranges match w2.ge. The guide gives each figure with its source and date and does not choose between them, so a quoted price should be checked against the unit page.
A price list with unit numbers and the exact finish, the handover date for the block, the full name of the contracting entity, a registry extract for the plot, the permit, the payment schedule with account or escrow, the instalment terms and their effective cost, the currency rule and the service-charge schedule. Section 9 gives the full list of written questions.
Last checked: 12 November 2026. Sources:
This is not legal, tax or financial advice.
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