On this page
- NEXT Property Georgia: who the developer is and what it builds
- NEXT Property Georgia at a glance
- Company, ownership and group behind NEXT Property Georgia
- NEXT Property Georgia projects we list, grouped by area
- Portfolio and track record of NEXT Property Georgia
- The towns where NEXT Property Georgia builds
- How buying works with NEXT Property Georgia
- Ownership route, registration, tax and residence rules for NEXT Property Georgia buyers
- Key facts about NEXT Property Georgia
- NEXT Property Georgia and other Georgia developers
- What to prepare when reserving with NEXT Property Georgia
- Frequently Asked Questions
Projects by NEXT Property on UInvest
Radisson Blu Apartments Gonio: Furnished Studios Guide (2026)
Gonio, Batumi, Georgia Details
NEXT Collection Batumi: 765-Apartment Green Cape Guide (2026)
Green Cape, Batumi, Georgia Details
NEXT Gardens Kvariati: Batumi Coast Apartments Guide (2026)
Kvariati, Batumi, Georgia Details
NEXT Property Georgia: who the developer is and what it builds
NEXT Property Georgia is the name we use for NEXT, the real estate developer that presents itself on next-property.com as an international developer from Georgia. According to the developer’s own About page, NEXT was founded by Kakha Devadze in Batumi, and its company history begins in 2018 with the start of construction of NEXT Apartments. In Georgia the developer sells apartments in Batumi, on the Gonio and Kvariati stretch of the Adjara coast, in Kobuleti and in Tbilisi. That is why NEXT Property Georgia has its own profile in our developers section.
Our site carries 12 listings for NEXT Property Georgia, and they are the 12 Georgian projects that the developer’s Under Construction in Georgia page shows. Four are in Batumi itself: NEXT Address on the Alley of Heroes, NEXT Magnolia near the New Boulevard, NEXT Collection at Green Cape and NEXT Downtown in Old Batumi. Three more sit on the coast outside the centre: Radisson Blu Apartments and Wyndham Residences at Gonio, and NEXT Gardens at Kvariati. One is at Kobuleti, Kobuleti Beach Resort, which next-property.com presents as a joint development with Archi. The remaining four are in Tbilisi: Cinema City by NEXT, NEU Tbilisi by NEXT, Tbilisi Oriental by NEXT and Tbilisi Downtown by NEXT.
This profile covers NEXT Property Georgia in the order a buyer usually asks questions: the company and what it says about itself, a table of key facts, the projects grouped by area with one summary table, the developer’s wider portfolio, the towns where it builds, the way a purchase from a developer is handled in Georgia, the ownership, registration, tax and residence-permit rules our guides set out, a list of key facts, a short comparison with other Georgia developers we profile, a checklist for reservation day and a set of frequently asked questions. Everything was checked on 13 November 2026 against next-property.com and the public sources listed at the end. Where the developer states something, we say so. Prices are shown in US dollars exactly as the developer prints them, and we do not convert them. For the wider market, see our Georgia country page and the Real estate developers in Georgia hub.
NEXT Property Georgia at a glance
| Item | Detail |
|---|---|
| Brand | NEXT, also written NEXT Group and NEXT Property on the developer’s pages |
| Founded (per the developer) | Company history starts in 2018, in Batumi, by Kakha Devadze |
| Head office | Batumi, Georgia; offices also listed in Tbilisi, Dubai, Warsaw and Kenya |
| Legal entity | The developer’s pages present the brand NEXT and do not name a registered company |
| Reach (per the developer) | Investors from 65 countries; more than 420,000 m² of residential, hotel and commercial space; three continents and six cities |
| Georgia projects we list | 12: four in Batumi city, two at Gonio, one at Kvariati, one in Kobuleti and four in Tbilisi |
| Towns | Batumi (Old Batumi, Alley of Heroes, New Boulevard, Green Cape), Gonio, Kvariati, Kobuleti and Tbilisi (Avlabari, Ortachala, the Mtkvari left bank, David Aghmashenebeli Avenue) |
| Unit types | Studios, one-, two- and three-bedroom apartments, duplexes and larger residences in Cinema City |
| Prices | Published in USD; entry figures on the project pages run from USD 49,000 to USD 206,000 |
| Instalments (per the developer) | 0% instalment plans of 12 to 45 months, and 56 months shown for Kobuleti Beach Resort |
| Website | next-property.com |
Company, ownership and group behind NEXT Property Georgia
The developer’s About page describes NEXT as an international developer from Georgia with projects in Georgia, the United Arab Emirates, Kenya, Spain and Zanzibar. It says the company was founded by Kakha Devadze in Batumi and that its first project, NEXT Orange, was built there. The company history on the same page then runs year by year. In 2018 construction of NEXT Apartments began in Batumi and NEXT Green and NEXT White were launched. In 2020 NEXT entered hospitality with NEXT Hotels, began Villa Park in Batumi and announced a hotel-brand partnership, Wyndham Residences. In 2021 Radisson Blu Residences and NEXT Collection were launched. In 2022 NEXT Address on the Alley of Heroes was launched, and construction began on NEXT Coral at Dubai Islands and on NEXT Gardens on the Black Sea coast. In 2023 the page records NEXT Amani in Kenya, and in 2024 Tbilisi Oriental, Villa Perla in Marbella and an expansion into Zanzibar. The public encyclopaedia entry for NEXT Property Group likewise gives 2018 as the founding year and Batumi as the base.
The developer’s Partnership page adds a few figures that NEXT states about itself. It says NEXT delivers projects across three continents and six cities, Batumi, Tbilisi, Dubai, Nairobi, Marbella and Zanzibar, with investors from 65 countries and more than 420,000 m² of residential, hotel and commercial space. We treat these as the developer’s own figures and give them as such. The footer of next-property.com lists offices at Kostava Street and Luka Asatiani Street in Batumi, at Aleksandre Tsurtsumia Street and on Ilia Chavchavadze Avenue in Tbilisi, at Bay Square in Dubai, in the Warsaw HUB in Warsaw and at Tatu City in Kenya.
For a buyer, the practical meaning of the structure is that the sale contract names the contracting company, and the project pages on next-property.com present the brand NEXT. The site does not print a registered company name for the Georgian projects, so the contracting entity for a specific unit is the one that appears in the reservation paperwork and the sale contract. Our profile treats NEXT Property Georgia as one developer and uses the project names as the developer prints them: NEXT Address, NEXT Gardens, NEXT Magnolia, NEXT Collection, NEXT Downtown, Radisson Blu Apartments, Wyndham Residences, Kobuleti Beach Resort, Cinema City by NEXT, NEU Tbilisi by NEXT, Tbilisi Oriental by NEXT and Tbilisi Downtown by NEXT. The developer’s project page for the Gonio tower under the Radisson Blu name is titled Radisson Blu Residences, and its navigation calls the same project Radisson Blu Apartments; we use the second name because that is how our listing is titled.
Radisson Blu and Wyndham are hotel brands, and the developer’s About page speaks of branded residences with Radisson Hotel Group and Wyndham Hotels & Resorts. NEXT is the seller named on the project pages. We do not name an operator or a legal entity for those two projects, because the developer’s pages do not. Kobuleti Beach Resort is a different case, since the developer’s page and the announcements published by Archi name Archi as the partner developer and Swissôtel as the hotel brand, as described in the Kobuleti section below.
NEXT Property Georgia projects we list, grouped by area
The 12 projects are grouped below by the area the developer’s project page gives. Sizes, delivery targets, payment plans and entry prices are the developer’s figures as read on its project pages in November 2026. Prices are “from” figures in USD for the smallest or least expensive unit of each type as printed, so they describe an entry point and not a fixed offer. Several project pages offer two price sets, with and without renovation or for different views, and we use the set the page shows first. Where our own listing page quotes an older figure, the developer’s page is the one used here.
Batumi city: Address, Magnolia, Collection and Downtown
NEXT Address stands in the centre of Batumi on the Alley of Heroes, 700 metres from the sea according to the developer’s page, which calls it a multifunctional complex for living, business and leisure. The unit types and entry prices printed are a studio of 34.8 m² at USD 68,000 (up to 37.3 m² at USD 89,035), a one-bedroom of 50.5 m² at USD 124,987 (up to 80.7 m² at USD 204,171) and a two-bedroom of 80.3 m² at USD 168,710 (up to 88.1 m² at USD 210,294). The payment calculator shows a first payment of 20% (USD 13,600 on the USD 68,000 studio) followed by 33 months at 0%, and the page gives a handover target of December 2028 with a white frame finish. The facilities list names a swimming pool, 24-hour reception and security, parking, a lobby, a pharmacy, a kids zone, a lounge and meeting area, a restaurant, a fitness centre and commercial space, and the page gives a ceiling height of 3.1 metres in all apartments.
NEXT Magnolia is described on the developer’s page as located near Batumi’s New Boulevard, a few minutes by car from the city centre. It has 15 residential floors, a lobby, a 24-hour reception, parking, a terrace, restaurants, shops, an ATM and a fitness centre. The entry prices printed are USD 49,000 for a studio of 31.9 m², USD 63,000 for a one-bedroom of 52.5 m² and USD 87,840 for a two-bedroom of 73.2 m², with a second price set from USD 57,420. The plan shown is a 20% first payment and 29 months at 0%, with a handover target of December 2028 and a ceiling height of 3.1 metres.
NEXT Collection is a residential resort at Green Cape, on the Black Sea coast beside the Batumi Botanical Garden. The developer’s page gives its location as 50 metres from the sea, 3 minutes from the Botanical Garden and 20 minutes from the city centre. It lists 765 apartments in three blocks with 13 elevators, studios of 24 to 48 m², one-bedrooms of 35 to 60 m² and two-bedrooms of 55 to 125 m², and names SPECTRUM as its design-build partner. The entry prices printed are USD 80,000 for a studio, USD 145,328 for a one-bedroom, USD 399,900 for a two-bedroom and USD 455,715 for a three-bedroom, with further price sets for sea views and renovation. The plan is a 10% first payment, 40% in instalments at 0% and 50% in June 2028. The facilities list includes a private beach, parking, a pharmacy, a kids zone, a library and co-working space, a conference hall, a fitness centre, an outdoor pool and restaurants and bars.
NEXT Downtown is a 17-apartment building in Old Batumi that keeps a historic facade, according to the developer’s page. It prints a studio from USD 161,460 (22.2 to 29.2 m²), a one-bedroom from USD 220,860 (31.8 to 52.5 m²) and a two-bedroom from USD 416,400 (71.1 m²), sold as a white box, with a 20% first payment, 7 months of 0% instalments and a handover status of June 2026. The building has one block and one elevator, and the facilities list names a terrace, a bank, a 24-hour concierge, security, room and laundry service, a reception, commercial spaces and a restaurant. The developer’s home page shows the project in its list of completed projects.
Gonio and Kvariati: Radisson Blu Apartments, Wyndham Residences and NEXT Gardens
Gonio and Kvariati are inside the Batumi city boundary, south of the airport along the coast towards the Turkish border. Our Batumi city guide gives Gonio as 15.3 km and 20 minutes and Kvariati as 16.4 km and 21 minutes from Europe Square by road (routed on 9 November 2026).
Radisson Blu Apartments is a single-block complex at Gonio. The developer’s page places it directly on the beach, 15 minutes from the city centre and 5 minutes from the Turkish border. It prints 576 apartments (360 studios, 192 one-bedrooms and 24 two-bedrooms) and six elevators, with a studio of 27 m² at USD 149,500, one-bedrooms of 39 to 46 m² at USD 213,596, a lux one-bedroom at USD 291,413 and a two-bedroom of 59 m² at USD 361,202. The apartments are fully furnished. The plan shows a 20% first payment, 40% in instalments and 40% in January 2028, with a handover status of May 2027. Named facilities include a private beach, reception and security around the clock, parking, a swimming pool, an à la carte restaurant, an orangery, a conference hall, a rooftop lounge bar and a fitness centre.
Wyndham Residences is the second Gonio complex. The developer’s page gives the same setting, on the beach, 15 minutes from the centre and 5 minutes from the Turkish border, and prints 576 apartments: 456 studios, 118 one-bedrooms and two duplexes. Studios measure 31.1 to 43.3 m² and start at USD 151,200, one-bedrooms measure 46.3 to 58.3 m² and start at USD 176,649, and front lux one-bedrooms of 56.25 to 57.57 m² start at USD 261,443. The units are fully furnished, the first payment is 10%, 50% is paid in instalments and 40% in January 2028, and the handover status is December 2026. The facilities list names a private beach, a swimming pool, a children’s playground, an à la carte restaurant, a panoramic restaurant, a conference hall, parking and a fitness centre. The developer’s home page gives December 2026 as the completion date, fully furnished.
NEXT Gardens is at Kvariati, 50 metres from the beach and 15 minutes from the centre of Batumi according to the developer’s page. It lists 253 apartments, with studios of 24 to 57 m², one-bedrooms of 52 to 99 m² and two-bedrooms of 76.3 to 120 m², and ceiling heights of 3.3 metres in apartments. The entry prices printed are USD 65,000 for a studio of 28.7 m², USD 122,130 for a one-bedroom of 52.8 m² and USD 246,784 for a two-bedroom of 92.1 m², with sea-view and renovation variants. The plan shows a 15% first payment, 34 months at 0% and a handover of December 2027. The facilities list includes a swimming pool, a garden, a sauna, a co-working space, a fitness centre, commercial areas, restaurants and bars, a lobby, parking and a 24-hour reception and security.
Kobuleti: Kobuleti Beach Resort
Kobuleti Beach Resort is a joint development of NEXT and Archi. On the developer’s page the project is presented as three interconnected towers with one underground level and 38 above-ground floors, of which 29 are residential and 6 are dedicated to the hotel component. The central tower has 28 apartments per floor and the side towers 22. Printed entry prices are USD 75,500 for a studio, USD 126,630 for a one-bedroom and USD 219,960 for a two-bedroom, with a white frame finish, a 10% first payment, 56 months of instalments at 0% and a handover target of December 2031. The page says one tower will be managed by an international five-star hotel brand, and lists a private beach, entertainment, spa and wellness, children’s areas, restaurants and a pool bar.
Archi’s own announcement, published on 2 June 2026, names Swissôtel, a brand of Accor, as the hotel partner and gives a total investment volume of USD 300 million, and a second Archi release dated 4 June 2026 reports the official presentation. The trade press report on Hospitality Net describes the project as Swissôtel Kobuleti Beach Resort and refers to a launch event on 3 June. The announcement describes a hotel-residential complex with hotel, residential and investment apartments in three buildings, and credits the Madrid office of Chapman Taylor with the planning. Because Archi is the partner developer, its profile is on our site as Archi Group Georgia.
Tbilisi: Cinema City, NEU Tbilisi, Tbilisi Oriental and Tbilisi Downtown
Cinema City by NEXT is part of what the developer calls its Heritage Series. The developer’s page describes 200 private residences in a 16-floor building beside a restored shooting pavilion of the first Georgian film studio, designed and built between 1927 and 1930 by the architect Mikheil Buzoghli, on David Aghmashenebeli Avenue. All prices include renovation: a petite studio at USD 206,000, a Maison One at USD 296,000, a Maison Two at USD 410,000 and a Grand Maison at USD 513,000. The plan is a 10% first payment and 42 months at 0%, the handover target is December 2029, and the project is marked presale. The facilities list names a lobby and lounge, valet parking, commercial spaces, a kids zone, recreation zones, a gym, a library, dining galleries, co-working space and offices, and a cinematography museum.
NEU Tbilisi by NEXT is the second Heritage Series project. The developer’s page places it on Dimitri Uznadze Street on the Mtkvari left bank, on the site of the 1867 Wetzel Brewery. It describes two low-rise buildings with 199 residences and 11,600 m² of residential area, preserved brewery arches, a historic chimney and a central courtyard. Studios measure 31.9 to 35.5 m² and start at USD 153,120, one-bedrooms measure 50.9 to 77.7 m² and start at USD 244,320, two-bedrooms measure 70.5 to 93.3 m² and start at USD 367,500, and three-bedrooms measure 106.5 to 176.6 m². Prices include renovation, the first payment is 10%, instalments run for 42 months at 0% and the handover target is December 2029. The page gives walking and driving times from the site: 15 minutes on foot to the nearest metro station, 25 minutes to Rustaveli Avenue, 30 minutes to the Old Town and a 30-minute drive to the airport.
Tbilisi Oriental by NEXT is a residential building in Ortachala, on the Mtkvari River, which the developer’s page describes as linking the old city centre with newer residential and business areas. The entry prices printed are USD 95,160 for a studio of 36.7 m², USD 164,580 for a one-bedroom of 63.3 m² and USD 240,120 for a two-bedroom of 89.5 m², with a second price set from USD 119,015, and the page quotes apartments from USD 2,770 per m². The plan is a 20% first payment and 37 months at 0%, with a handover target of December 2028. The facilities list names a lobby and reception, valet parking, security, cleaning and laundry, a concierge, offices, a garden, a gym, a wellness centre and a Georgian restaurant.
Tbilisi Downtown by NEXT is a complex of 217 apartments in 5 blocks in the Avlabari district, one of the older parts of the city, per the developer’s page. It prints one-bedrooms from USD 157,680 (63.5 m²), two-bedrooms from USD 222,040 (85.4 m²) and three-bedrooms from USD 287,325 (127.7 m²), with a second price set from USD 206,375. The plan is a 20% first payment and 22 months at 0%, with a handover target of September 2027. The facilities list names a gym, valet parking, room and laundry service, a concierge, security, a reception, a garden, a lobby, a library, a business lounge, children’s areas and a bank.
Summary table of the 12 projects
| Project | Town | Unit types | Entry price as printed | Sizes as printed | Delivery target (per the developer) | Finish / status |
|---|---|---|---|---|---|---|
| NEXT Address | Batumi, Alley of Heroes | Studio, 1-bed, 2-bed | USD 68,000 | 34.8 to 88.1 m² | December 2028 | White frame |
| NEXT Magnolia | Batumi, New Boulevard | Studio, 1-bed, 2-bed | USD 49,000 | 31.9 to 86.3 m² | December 2028 | Price sets with and without renovation |
| NEXT Collection | Batumi, Green Cape | Studio to 3-bed | USD 80,000 | 24 to 125 m² | 50% payment milestone June 2028 | 765 apartments in 3 blocks |
| NEXT Downtown | Batumi, Old Batumi | Studio, 1-bed, 2-bed | USD 161,460 | 22.2 to 71.1 m² | Handover status June 2026 | White box, 17 apartments |
| Radisson Blu Apartments | Gonio | Studio, 1-bed, lux, 2-bed | USD 149,500 | 27 to 59 m² | Handover status May 2027 | Fully furnished, 576 apartments |
| Wyndham Residences | Gonio | Studio, 1-bed, front lux, duplex | USD 151,200 | 31.1 to 58.3 m² | Handover status December 2026 | Fully furnished, 576 apartments |
| NEXT Gardens | Kvariati | Studio, 1-bed, 2-bed | USD 65,000 | 24 to 120 m² | December 2027 | 253 apartments |
| Kobuleti Beach Resort | Kobuleti | Studio, 1-bed, 2-bed | USD 75,500 | Not printed | December 2031 | White frame, presale, joint with Archi |
| Cinema City by NEXT | Tbilisi, David Aghmashenebeli Avenue | Petite studio to Grand Maison | USD 206,000 | Not printed | December 2029 | With renovation, presale, 200 residences |
| NEU Tbilisi by NEXT | Tbilisi, Mtkvari left bank | Studio to 3-bed | USD 153,120 | 31.9 to 176.6 m² | December 2029 | With renovation, presale, 199 residences |
| Tbilisi Oriental by NEXT | Tbilisi, Ortachala | Studio, 1-bed, 2-bed | USD 95,160 | 36.7 to 107.8 m² | December 2028 | Price sets with and without renovation |
| Tbilisi Downtown by NEXT | Tbilisi, Avlabari | 1-bed, 2-bed, 3-bed | USD 157,680 | 63.5 to 137.9 m² | September 2027 | 217 apartments in 5 blocks |
Where a project page prints both a price and a size for the same unit, a price per square metre can be worked out as the price divided by the size. The table below does that for the five projects whose pages print a size next to each entry price, using the price set the page shows first. It is arithmetic on the developer’s figures and not an offer.
| Project | Studio | One-bedroom | Two-bedroom or larger |
|---|---|---|---|
| NEXT Address | USD 68,000 ÷ 34.8 m² = USD 1,954 per m² | USD 124,987 ÷ 50.5 m² = USD 2,475 per m² | USD 168,710 ÷ 80.3 m² = USD 2,101 per m² |
| NEXT Gardens | USD 65,000 ÷ 28.7 m² = USD 2,265 per m² | USD 122,130 ÷ 52.8 m² = USD 2,313 per m² | USD 246,784 ÷ 92.1 m² = USD 2,680 per m² |
| NEXT Magnolia | USD 49,000 ÷ 31.9 m² = USD 1,536 per m² | USD 63,000 ÷ 52.5 m² = USD 1,200 per m² | USD 87,840 ÷ 73.2 m² = USD 1,200 per m² |
| Tbilisi Oriental by NEXT | USD 95,160 ÷ 36.7 m² = USD 2,593 per m² | USD 164,580 ÷ 63.3 m² = USD 2,600 per m² | USD 240,120 ÷ 89.5 m² = USD 2,683 per m² |
| Tbilisi Downtown by NEXT | No studio listed | USD 157,680 ÷ 63.5 m² = USD 2,483 per m² | USD 222,040 ÷ 85.4 m² = USD 2,600 per m² |
Portfolio and track record of NEXT Property Georgia
The portfolio of NEXT Property Georgia can be read from the developer’s own pages in three layers: projects it presents as sold out, projects under construction in Georgia, and projects abroad. All of it is the developer’s own account, and we give it as a neutral chronology.
The home page of next-property.com has an “Already Complete Projects” section that names NEXT Orange, NEXT White, NEXT Apartments and NEXT Green as apartments in Batumi and Villa Park as villas in Batumi, each marked sold out, with Batumi DownTown marked 70% sold. The company history dates the start of NEXT Apartments, NEXT Green and NEXT White to 2018 and the start of Villa Park to 2020. These sold-out projects have no listing on our site, because they have no units on sale, and the developer’s About page states that the first project, NEXT Orange, was built in Batumi without giving a year.
The company history then records the Georgian projects we list. Radisson Blu Residences and NEXT Collection are dated 2021, NEXT Address and NEXT Gardens 2022, and Tbilisi Oriental 2024, while the caption of the following entry also names NEXT Magnolia. The Heritage Series projects, Cinema City by NEXT and NEU Tbilisi by NEXT, and Tbilisi Downtown by NEXT appear on the developer’s Under Construction in Georgia page and are not placed in the year-by-year history. Outside Georgia, the same history names NEXT Coral at Dubai Islands (construction beginning in 2022), NEXT Amani at Tatu City in Kenya (announced in 2023), Villa Perla in Marbella and an expansion into Zanzibar (2024). Those projects are outside the scope of this Georgia profile and of our listings.
| Year (per the developer) | Entry on the company history or project pages |
|---|---|
| 2018 | Construction of NEXT Apartments begins in Batumi; NEXT Green and NEXT White launched |
| 2020 | NEXT Hotels launched; Wyndham Residences announced as a hotel-brand partnership; Villa Park begins |
| 2021 | Radisson Blu Residences and NEXT Collection launched |
| 2022 | NEXT Address launched on the Alley of Heroes; construction begins on NEXT Gardens |
| 2024 | Tbilisi Oriental rises on the Mtkvari River in Ortachala |
| 2026 | Kobuleti Beach Resort announced with Archi (2 June); the home page gives December 2026 as the completion date of Wyndham Residences |
The developer also lists a mobile application, NEXT Property, for iOS and Android, which it says lets clients follow bookings, finances and online payments, and a live-camera page that shows construction progress. The engineering notes repeated across the project pages name Daikin VRF air conditioning, Geberit plumbing, Schüco aluminium windows and doors, low-emissivity glass, central heating and high-speed elevators, and the Batumi project pages describe a cascading building form in fibre-reinforced concrete. These are the developer’s specifications, quoted as stated.
The towns where NEXT Property Georgia builds
Batumi. Batumi is the base of NEXT Property Georgia and the location of seven of the 12 projects (Address, Magnolia, Collection, Downtown, Radisson Blu Apartments, Wyndham Residences and Gardens) if Gonio and Kvariati are counted within the city boundary, as our Batumi city guide does. The guide reports 246,267 residents on 1 January 2026 (Geostat) and a Galt & Taggart average primary-market turnkey price of USD 1,960 per m² in the second quarter of 2026. By zone, the same report gives USD 3,239 for Old Batumi, USD 2,228 for Gonio and Kvariati, USD 2,166 for the Alley of Heroes and USD 1,800 for the New Boulevard area. These are area averages from registered sales and are not prices for any project in this profile.
Kobuleti. The Kobuleti city guide gives 19,907 residents in the town and 73,897 in the municipality on 1 January 2026 (Geostat), and a route of 23.0 km and 27 minutes to Batumi Central station (routed on 8 November 2026). The same guide quotes a Galt & Taggart average turnkey primary-market price of USD 1,731 per m² for Kobuleti in the second quarter of 2026, based on 167 apartments sold.
Tbilisi. The Tbilisi city guide reports 1,369.4 thousand residents on 1 January 2026 and a Galt & Taggart average primary-market price of USD 1,385 per m² in January 2026. Avlabari and Ortachala, where two of the NEXT projects stand, are named on project pages and are not among the ten districts Geostat lists, so the guide gives no district price for them. NEU Tbilisi is described on the developer’s page as being on the Mtkvari left bank, steps from David Aghmashenebeli Avenue, where Cinema City by NEXT also stands.
How buying works with NEXT Property Georgia
The developer describes the purchase on its project pages in three steps. First, the buyer chooses a unit type and floor, receives floor plans and pays a down payment or reservation deposit of USD 1,000 to USD 3,000, which holds the unit for one week or up to one month. Second, the buyer signs a preliminary purchase agreement and registers the future ownership with the Public Registry, then makes monthly or quarterly payments while following construction through regular updates and live cameras. Third, the page says the buyer becomes the official owner within one business day after construction is completed and full payment is made. The home page also shows a four-step version: agreement, payment with a confirmation statement, registration of the contract and the property code in the state register.
The payment structure differs by project. The developer states that its 0% instalment plans run from 12 to 45 months depending on the project and the handover date, and the project pages show the plan for each. As printed, the first payment is 10% at Wyndham Residences, NEXT Collection, Kobuleti Beach Resort, Cinema City by NEXT and NEU Tbilisi, 15% at NEXT Gardens and 20% at NEXT Address, NEXT Magnolia, NEXT Downtown, Radisson Blu Apartments, Tbilisi Oriental and Tbilisi Downtown. Our guide to buying property in Georgia explains that a reservation or pre-purchase agreement is mainly used for developer sales where the property is unfinished or paid in instalments, that it sets the payment schedule and the conditions for the final contract, and that a reservation receipt alone does not transfer title.
The same guide sets out the mechanics around any Georgian purchase. A buyer can request a Public Registry extract before committing, to see the registered owner, the area and any registered mortgages or restrictions. The sale contract must be in writing and is either notarised or signed before an authorised person at the registration authority, and the Georgian text is binding. Payment is made by bank transfer to the account in the contract, and the guide notes that domestic payments are settled in lari at the National Bank rate on the payment date, so a price printed in US dollars is converted at the date of payment. Ownership passes on registration, not on signing, as Article 183 of the Civil Code of Georgia provides: the transaction is made in writing and the acquirer’s ownership right is registered in the Public Registry.
The National Agency of Public Registry (NAPR) publishes its fees for registering a change of right to immovable property: GEL 150 in 4 working days, GEL 270 in 1 working day and GEL 350 on the day of filing. A registry extract costs GEL 20 in one working day or GEL 75 on the same day, and less when requested online, per our guide. A new extract after registration shows the buyer as owner and carries the cadastral code of the property. Under the Civil Code the seller normally bears contract and registration costs unless the contract provides otherwise, so the contract is the document that settles who pays. A buyer who wants to finance part of a purchase can read our mortgage guide for foreign buyers, which sets out the National Bank of Georgia loan-to-value limits (90% for lari loans, 70% for foreign-currency loans and 80% for borrowers with income earned outside Georgia) and the bank rates published in October 2026.
Ownership route, registration, tax and residence rules for NEXT Property Georgia buyers
Our guide on whether foreigners can buy property in Georgia explains that, under Article 32 of the Law on the Legal Status of Aliens and Stateless Persons, foreigners may own property in Georgia with no residence condition, no minimum price and no cap on the number of properties. Apartments, houses, commercial premises and non-agricultural land are open to foreign buyers. Agricultural land is the exception and is governed by the Organic Law on Agricultural Land Ownership, which allows a foreign individual to acquire it only by inheritance. All 12 NEXT Property Georgia projects are apartment buildings or branded residences, so the agricultural-land rule does not enter a purchase from this developer.
On property tax, our property tax guide reports that since Law No. 1874 of 30 September 2026 the property of a natural person, other than land, is exempt from the annual property tax if the family income of the previous year did not exceed GEL 100,000. Above that level the Tax Code sets a rate of 0.8% to 1% of market value at the end of the previous year. The declaration is due by 1 November and payment by 15 November, and the Revenue Service explains the process on its property tax page. The guide also sets out the other taxes a buyer may meet: income tax on rent at 20% of net rent or, for residential rent, 5% of gross rent; income tax of 5% on the gain from a sale within two years, with no tax on the gain after two years; and VAT of 18% only where the seller is VAT-registered. A buyer should check how these rules apply to their own situation with a Georgian tax adviser.
For residence, the Public Service Development Agency (SDA) lists a short-term residence permit for a foreigner who holds title to property in Georgia with a market value exceeding USD 150,000 equivalent in GEL, set by a certified assessor, with the spouse and children included, and agricultural land excluded. The SDA page gives processing times of 30, 20 or 10 calendar days at fees of GEL 300, GEL 450 or GEL 600. Our residence permit guide adds that the threshold rose from USD 100,000 to USD 150,000 on 1 March 2026, that the value is the assessor’s valuation and not the price on a developer’s list, that several properties can be combined, and that the permit is a separate application that ownership alone does not grant. The developer’s own pages mention the permit; a purchase from NEXT Property Georgia does not itself confer a permit.
Key facts about NEXT Property Georgia
- NEXT Property Georgia is the profile of NEXT, a developer founded in Batumi by Kakha Devadze, with a company history starting in 2018 per the developer.
- Our site lists 12 NEXT Property Georgia projects: Address, Magnolia, Collection and Downtown in Batumi; Radisson Blu Apartments and Wyndham Residences in Gonio; Gardens in Kvariati; Kobuleti Beach Resort; and four projects in Tbilisi.
- Entry prices printed on the project pages run from USD 49,000 (NEXT Magnolia studio) to USD 206,000 (Cinema City by NEXT petite studio, renovation included).
- Delivery targets per the developer run from a handover status of December 2026 (Wyndham Residences) to December 2031 (Kobuleti Beach Resort).
- Unit counts printed include 765 apartments at NEXT Collection, 576 apartments at each of the two Gonio projects and 253 apartments at NEXT Gardens.
- Kobuleti Beach Resort is presented as a joint development with Archi, with the Swissôtel brand named in Archi’s announcement of 2 June 2026.
- Radisson Blu and Wyndham are hotel brands used on two Gonio projects; the developer names no operator or legal entity for them.
- Instalment plans at 0% run from 12 to 45 months across the projects per the developer, and 56 months at Kobuleti Beach Resort.
- Prices are published in USD; domestic payments are settled in lari at the National Bank rate on the payment date, per our buying guide.
- The developer’s pages describe a down payment or reservation deposit of USD 1,000 to USD 3,000 and a preliminary purchase agreement registered with the Public Registry.
NEXT Property Georgia and other Georgia developers
NEXT Property Georgia builds in the same towns as several other developers in our directory. The table gives a factual overview of where our listings place them, so a reader can move between profiles. It describes where we list each developer’s projects and does not rank or compare them. The full list is on the Real estate developers in Georgia hub.
| Developer | Where we list its projects | Link to NEXT Property Georgia |
|---|---|---|
| Archi Group Georgia | Mostly Tbilisi, with projects in Batumi, Rustavi, Sioni and Bakuriani | Joint developer of Kobuleti Beach Resort; also builds in Tbilisi |
| Orbi Group Georgia | Batumi and Tbilisi | Builds in Batumi and Tbilisi |
| Mardi Holding Georgia | Batumi | Builds in Batumi |
| Horizons Group Batumi Georgia | Batumi | Builds in Batumi |
| X2 Development Georgia | Tbilisi and Bakuriani | Builds in Tbilisi |
| BLOX Georgia | Tbilisi | Builds in Tbilisi |
What to prepare when reserving with NEXT Property Georgia
A reservation with NEXT Property Georgia follows the normal sequence for an off-plan or newly built unit in Georgia. The list below sets out the documents and decisions that usually come up.
- A valid passport, and the full name and details exactly as they should appear in the contract.
- The reservation form and the reservation receipt for the down payment or deposit, with the unit number, floor, area and price in USD as printed.
- The preliminary purchase agreement or sale contract, read in full, including the unit’s area, finish (for example white frame, white box, renovated or furnished), delivery date, and what happens at each payment date.
- The payment schedule: the first payment, the number of monthly or quarterly instalments, any milestone payments, and the account to which each payment is made.
- The Public Registry extract for the plot or unit, showing the cadastral code, the registered owner and any registered rights, and later the extract showing the buyer as owner.
- Details of who bears registration and contract costs, which the contract settles, and the NAPR service speed chosen.
- Tax details if needed: a taxpayer number, and the property tax and rental income rules summarised in our guide.
- For a residence-permit application, an assessor’s valuation, as described by the SDA, to be arranged separately.
Frequently Asked Questions
What is NEXT Property Georgia?
NEXT Property Georgia is our name for the Georgian projects of NEXT, a developer that says it was founded in Batumi by Kakha Devadze and whose company history starts in 2018. Our site lists 12 of its Georgian projects, in Batumi, Gonio, Kvariati, Kobuleti and Tbilisi.
Where does NEXT Property Georgia build?
NEXT Property Georgia builds in Batumi (Alley of Heroes, New Boulevard, Green Cape and Old Batumi), at Gonio and Kvariati on the Adjara coast, in Kobuleti and in Tbilisi (Avlabari, Ortachala, the Mtkvari left bank and David Aghmashenebeli Avenue). Outside Georgia the developer lists projects in the United Arab Emirates, Kenya, Spain and Zanzibar.
What do NEXT Property Georgia apartments cost?
NEXT Property Georgia publishes entry prices in USD on each project page. The figures run from USD 49,000 for a studio at NEXT Magnolia to USD 206,000 for a petite studio at Cinema City by NEXT, and the summary table above lists each project’s entry price and sizes.
What payment plans does NEXT Property Georgia offer?
NEXT Property Georgia states that its 0% instalment plans run from 12 to 45 months depending on the project, with 56 months shown for Kobuleti Beach Resort. The first payment printed is 10%, 15% or 20% depending on the project, and a down payment or reservation deposit of USD 1,000 to USD 3,000 holds a unit for one week or up to one month.
Are Radisson Blu Apartments and Wyndham Residences hotel-branded projects?
Radisson Blu Apartments and Wyndham Residences are NEXT Property Georgia projects at Gonio that carry hotel-brand names. The developer names itself as the seller, speaks of branded residences with Radisson Hotel Group and Wyndham Hotels & Resorts on its About page, and names no separate operator or legal entity for the two projects.
Who is the partner at Kobuleti Beach Resort?
NEXT Property Georgia presents Kobuleti Beach Resort as a joint development with Archi. Archi’s announcement of 2 June 2026 names Swissôtel, a brand of Accor, as the hotel partner and gives a total investment of USD 300 million.
Can a foreigner buy a NEXT Property Georgia apartment?
A foreigner can buy an apartment in a NEXT Property Georgia project. Under Article 32 of the Law on the Legal Status of Aliens and Stateless Persons, foreigners may own property in Georgia, and the agricultural-land restriction does not apply to apartments, as our guide on foreign ownership explains.
How is ownership registered for a NEXT Property Georgia purchase?
Ownership in a NEXT Property Georgia purchase is registered with the National Agency of Public Registry (NAPR), and Article 183 of the Civil Code requires a written transaction and registration. NAPR fees are GEL 150 (4 working days), GEL 270 (1 working day) and GEL 350 (same day), and the extract that follows shows the buyer and the cadastral code.
Does buying from NEXT Property Georgia give a residence permit?
Buying from NEXT Property Georgia does not itself give a residence permit. The SDA lists a short-term permit for a foreigner who holds title to non-agricultural property with a market value exceeding USD 150,000 equivalent in GEL as set by a certified assessor, and the permit is a separate application.
Last checked: 13 November 2026. Sources: the developer’s pages next-property.com, About, Partnership and the 12 project pages; Archi’s announcements of 2 June 2026 and 4 June 2026; Hospitality Net; NEXT Property Group; NAPR fees; Civil Code of Georgia; SDA residence permits; Revenue Service property tax.
