On this page
- X2 Development Georgia: who the developer is and what it builds
- X2 Development Georgia at a glance
- Company, founders and head office of X2 Development Georgia
- X2 Development Georgia projects we list, grouped by area
- X2 Development Georgia portfolio and track record
- Tbilisi and Bakuriani: where X2 Development Georgia builds
- How buying works with X2 Development Georgia
- Ownership route, registration, tax and residence rules for X2 Development Georgia buyers
- Key facts about X2 Development Georgia
- X2 Development Georgia and other Georgia developers
- What to prepare when reserving with X2 Development
- Frequently Asked Questions
Projects by X2 Development on UInvest
X2 Shartava Fusion Tbilisi: Completed Building Guide (2026)
Saburtalo, Tbilisi, Georgia Details
X2 Shartava Pool House Tbilisi: Plans and Sources Guide (2026)
Saburtalo, Tbilisi, Georgia Details
X2 Tsereteli Deluxe Tbilisi: Completed Building Profile (2026)
Didube, Tbilisi, Georgia Details
X2 Dighomi Residence Tbilisi: Completed Building (2026)
Dighomi, Tbilisi, Georgia Details
X2 Mtskhetaze Tbilisi: Completed Vake Building Profile (2026)
Vake, Tbilisi, Georgia Details
X2 Bakuriani 4Rest: Completed Building Profile (2026)
Bakuriani, Bakuriani, Georgia Details
X2 Riverfront Residence Tbilisi: Didube Flats Guide (2026)
Didube, Tbilisi, Georgia Details
X2 ZenX Dighomi Tbilisi: Floor Map and Prices Guide (2026)
Didi Dighomi, Tbilisi, Georgia Details
X2 Kazbegi Residence Tbilisi: 138 Open Flats, Sources (2026)
Saburtalo, Tbilisi, Georgia Details
X2 Riverfront C Block Tbilisi: Information Profile (2026)
Didube, Tbilisi, Georgia DetailsX2 Development Georgia: who the developer is and what it builds
X2 Development Georgia is the name we use for X2 Development, a Tbilisi residential developer whose own website, x2.ge, says the company was founded in 2014. The About page describes the company as a developer that builds residential complexes with modern design and flexible payment terms, and it names build quality, resilience and innovation as its priorities. The head office is on Zhiuli Shartava Street in Tbilisi, the same street as two of the company’s completed buildings. That is why X2 Development Georgia has its own profile in our developers section.
The developer’s projects page lists ten projects: four current and six completed. Our site carries a listing for every one of them. The four current projects are RiverFront Residence and RiverFront C Block in Didube, Kazbegi Residence in Saburtalo and ZenX Dighomi in Didi Dighomi. The six completed projects are Shartava Fusion and Shartava Pool House on Shartava Street, Tsereteli Deluxe on Akaki Tsereteli Avenue, Dighomi Residence on Bokhua Street, X2 Mtskhetaze on Mtskheta Street and Bakuriani 4Rest in the mountain resort of Bakuriani. Nine of the ten are in Tbilisi and one is in Bakuriani. Where the developer prints a unit count, the figures add up to 3,572 apartments across the ten projects: 2,123 in the four current projects and 1,449 in the six completed ones.
This profile covers X2 Development Georgia in the order a buyer usually asks questions: the company and its founders, a table of key facts, the projects grouped by area, a chronology taken from the developer’s own pages, 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 table with other developers we profile, a checklist for reservation day and a set of frequently asked questions. Everything was checked on 13 November 2026 against x2.ge, the public sources listed at the end and Georgian primary sources. Where the developer states something, we say so. The developer’s site is in Georgian, with an English version of each page available through its language switch, and its pages print monthly instalment figures and payment terms, which this profile shows as printed. Every project name links to its listing on our site. For the wider market, see our Georgia country page and the Real estate developers in Georgia hub.
X2 Development Georgia at a glance
| Item | Detail |
|---|---|
| Brand name | X2 Development (written “x2 Development” on some pages; Georgian: X2 დეველოპმენტი) |
| Founded (per the developer) | 2014, according to the About page on x2.ge |
| Head office | Zhiuli Shartava Street 29, Tbilisi, per the Contact page (office hours 11:00 to 19:00) |
| Georgia projects we list | 10: four current and six completed |
| Towns | Tbilisi (Didube, Saburtalo, Didi Dighomi, Dighomi, Vake) and Bakuriani |
| Unit types | Apartments and studios; offices and penthouses in some completed buildings |
| Delivery targets for current projects (per the developer) | June 2028 (ZenX Dighomi), December 2028 (RiverFront Residence, Kazbegi Residence), December 2029 (RiverFront C Block) |
| Payment plan (per the developer) | In-house 0% instalment of 24 to 40 months with a 10% co-payment on the four current projects |
| Price information on the developer’s site | Monthly instalment figures from GEL 1,130 to GEL 1,270 on the current projects |
| Website | x2.ge (Georgian, with English pages through the language switch) |
Company, founders and head office of X2 Development Georgia
The About page on x2.ge says X2 Development was founded in 2014 and describes the aim of creating projects tailored to customers, with distinctive architecture, contemporary design and flexible payment terms. It says the company uses energy-efficient building materials and high-quality windows and doors, and that it does not avoid technically demanding construction tasks. The same date appears on the developer pages of the property portals Korter and Geoln, which both give 2014 as the year the company started.
A profile of the company in Entrepreneur Georgia, published on 23 October 2019, adds the human side of the story. According to the article, four people started the company and made the initial investment: Valerian Kirkitadze, Aleksandr Tsulukidze, Valeri Turdzeladze and Levan Turdzeladze. Levan Turdzeladze, an architect by training, is the partner who speaks for the company in the article. The article says the company began by taking over the completion of existing unfinished structures in Tbilisi, and that its starting project was a frame on Shartava Street that had stood unfinished for 45 years, with up to 100 families awaiting apartments in it. That building became Shartava Pool House. The article also describes the foundation work on that site, with piles reaching a depth of 22 metres and a combined length above 6 kilometres, and a three-level underground parking area added beneath the building. These are the 2019 descriptions of the founders and of the company’s early work.
The head office address is on the Contact page of x2.ge: Zhiuli Shartava Street 29, Tbilisi, with office hours from 11:00 to 19:00. Shartava Fusion carries the address Shartava Street 29 on its project page, so the head office and one of the completed buildings share a street number. This profile uses the trading name X2 Development throughout. The brand appears on the site as “x2 Development”, “X2 Development” and, in Georgian, “X2 დეველოპმენტი”.
The About page counts the company’s work as a portfolio of completed, current and planned projects across Georgia. The projects page, which is the list this profile follows, groups ten projects into four current and six completed. It labels the projects by class and type: the current RiverFront Residence and RiverFront C Block as multifunctional residential complexes, Kazbegi Residence as a multifunctional residential complex, ZenX Dighomi as a comfort-class residential complex, Tsereteli Deluxe and Shartava Fusion as business-class multifunctional complexes, Dighomi Residence and X2 Mtskhetaze as comfort-class residential complexes, Shartava Pool House as a multifunctional residential complex and Bakuriani 4Rest as a resort-type residential complex.
X2 Development Georgia projects we list, grouped by area
The ten projects are grouped below by the area the developer’s project page gives. Unit counts, floors, parking spaces, delivery targets, payment terms and amenities are the developer’s figures as read on its project pages on 13 November 2026. Apartment sizes are the range of plans shown on the developer’s apartment and floor pages. The developer’s pages print the starting monthly payment of the instalment plan for the current projects, and these figures are shown as printed. Prices are in Georgian lari (GEL) exactly as the developer prints them, and we do not convert them.
Didube: RiverFront Residence and RiverFront C Block
RiverFront Residence stands at N. Khosharauli Street 29 in Didube, on the left bank of the Mtkvari River. The developer describes it as a modern multifunctional residential complex that brings together communal spaces, dedicated children’s areas and commercial premises, so that residents can meet many everyday needs inside the development. Its project page gives 29 floors, 637 apartments and 90 parking spaces, with a completion date of December 2028 and panoramic views of Mtatsminda and the Mtkvari riverfront among the stated advantages. The parking areas are described as equipped with electric vehicle charging stations, and security and cleaning services are planned. The payment terms printed on the page are a 32-month internal 0% instalment plan with a 10% co-payment, and the page advertises payments from GEL 1,190 per month. The apartment plans on the developer’s floor pages run from studios of 34.5 sq.m to three-bedroom plans of 120.4 sq.m, with one-bedroom and two-bedroom plans between them.
RiverFront C Block is a project at the same Khosharauli Street address, listed on the projects page under the name RiverFront C Block. Its page gives 33 floors, 589 apartments and 35 parking spaces, with a completion date of December 2029. The payment terms are a 40-month internal 0% instalment plan with a 10% co-payment, and the page advertises payments from GEL 1,200 per month. The page shares the description of the RiverFront complex: multifunctional, with communal spaces, children’s areas, commercial premises and electric vehicle charging in the parking areas. Our Tbilisi city page places both RiverFront projects in Didube, one of the ten districts in the statistics office’s district list.
Saburtalo and Didi Dighomi: Kazbegi Residence and ZenX Dighomi
Kazbegi Residence is at Kazbegi Avenue 34 in Saburtalo, which the developer calls the central district of Tbilisi. The project page gives 31 floors, 435 apartments and 200 parking spaces, with a completion date of December 2028. It lists three residential blocks, a 1,000 sq.m recreational area with children’s playgrounds, a two-level parking lot with electric vehicle chargers, commercial and office floors with co-working spaces, and round-the-clock security, cleaning and concierge services. The developer says the City Mall shopping centre and the Goodwill hypermarket are three minutes from the project and that two metro stations, Delisi and Vazha-Pshavela, are 10 to 12 minutes away. The facade is described as natural travertine and composite panels, the walls as perlite blocks chosen for sound, heat and vibration insulation, and the seismic resistance of the project as calculated at 8 points. The payment terms are a 36-month internal 0% instalment plan with a 10% co-payment, and the page advertises monthly payments from GEL 1,270. The apartment plans on the floor pages run from 41.4 sq.m to 120.8 sq.m across one-, two- and three-bedroom layouts.
ZenX Dighomi is at Petre Iberi Street 6 in Didi Dighomi, in the north-west of Tbilisi. The developer calls it a comfort-class residential complex with a modern concept and developed internal infrastructure. Its page gives 21 floors, 462 apartments and 405 parking spaces, with a completion date of June 2028. The listed features include a 5,000 sq.m inner yard of which 2,500 sq.m is designated as a recreational area, open and closed parking with electric chargers, sports and entertainment fields, a landscaped garden with decorative trees, a 500-metre bike path and outdoor fitness equipment. The developer places the project five minutes from the Goodwill hypermarket and says its seismic resistance is calculated at 8 points. The payment terms are a 24-month internal 0% instalment plan with a 10% co-payment, and the page advertises monthly payments from GEL 1,130. The apartment plans on the floor pages run from 55.4 sq.m to 114 sq.m across one-, two- and three-bedroom layouts.
Completed on Shartava Street in Saburtalo: Shartava Fusion and Shartava Pool House
The two Shartava buildings stand side by side in Saburtalo. Shartava Fusion, at Shartava Street 29, is described by the developer as a multifunctional business-class residential complex. Its page gives 23 floors, 168 apartments and 140 parking spaces, and a completion date of September 2022. The building combines a seven-level indoor garage, seven commercial and office floors and 22 residential floors. The ventilated facade is clad in natural travertine, the glazing is black metal-plastic, the balconies are covered with frost-resistant tiles, and concierge and cleaning services serve the residents. The plans on the developer’s floor pages show one-bedroom apartments of 61.5 and 65.6 sq.m and two-bedroom apartments from 82.6 to 119.9 sq.m, as well as two offices on the first floor. The developer’s payment line for this project reads “All apartments are sold”.
Shartava Pool House is at Shartava Street 31/33. The developer’s page gives 23 floors, 260 apartments and 170 parking spaces, and a completion date of 2020. The building has 18 residential floors, four commercial and office floors and a three-level indoor garage, with penthouses on the top floor. The facade is natural travertine and composite panels, and perlite block is used in the construction. The common facilities listed are a 900 sq.m shared veranda, a lounge-type open cafe, a gym, a pool and spa centre, and concierge, security and cleaning services. The floor pages show twelve plan types between 53.7 sq.m and 121.8 sq.m, from one-bedroom to three-bedroom. The 2019 Entrepreneur Georgia article describes a 25-metre pool with a movable cover planned on the roof of this building. The developer’s payment line for this project also reads “All apartments are sold”.
Completed in Didube, Dighomi and Vake: Tsereteli Deluxe, Dighomi Residence and X2 Mtskhetaze
Tsereteli Deluxe is at Akaki Tsereteli Avenue 50-52 in Didube. The developer calls it a multifunctional business-class residential complex and lists 26 floors, 257 apartments and 170 parking spaces, with a completion date of 2026. The building has a two-level indoor garage, four commercial and office floors and 20 residential floors, with penthouses on the last two floors. The listed amenities are a 400 sq.m recreational veranda, a lounge-type open cafe, a pool, a gym, and concierge, security and cleaning services. The developer places it next to the Megaline shopping centre and five minutes from Tsereteli metro station. The apartment plans on the floor pages run from 31.6 sq.m to 247.7 sq.m.
Dighomi Residence is at Bokhua Street 10 in the Dighomi area. The developer calls it a comfort-class residential complex made of two multi-apartment blocks around a 3,000 sq.m inner yard, with a two-level indoor garage. Its page gives 18 floors, 496 apartments and 200 parking spaces, and a completion date of 2026. The facade carries composite panels with a wood texture, and the project is described as located between Beliashvili and Lubliana streets, near the Ghudushauri clinic. The plans on the developer’s floor pages run from 44.5 sq.m to 81.9 sq.m.
X2 Mtskhetaze is the developer’s building at Mtskheta Street 35/37 in the Vake district, with a completion date of 2020. Its page gives 13 floors, 54 apartments and 24 parking spaces. The apartment pages show plans of 67.5, 68.1 and 69.8 sq.m for one-bedroom apartments and about 99 sq.m for two-bedroom apartments, with a 126 sq.m plan on the second floor. The projects page labels it a comfort-class residential complex. Our Tbilisi city page covers all of these districts.
Bakuriani: Bakuriani 4Rest
Bakuriani 4Rest is the developer’s resort-type residential complex at K. Tsakadze Street 32 in Bakuriani. The developer places it at the foot of Kokhta mountain, on the edge of a coniferous forest, 500 metres from the ski track near the Kokhta-Mitarbi road. The complex has four residential blocks of five floors, 214 apartments, 40 open-type parking spaces, a protected area and a recreation area with children’s playgrounds. The completion date printed on the project page is June 2022. On 13 November 2026 the page advertised apartments at GEL 2,140 per sq.m from 38 sq.m, which is the per-square-metre rate printed on the project page. Our Bakuriani city page describes the resort, which sits at 1,700 metres in Borjomi Municipality about 180 kilometres from Tbilisi according to the Georgian National Tourism Administration.
Projects summary
| Project | Area | Unit types | Payment figure as printed | Plan sizes (sq.m) | Apartments, floors | Delivery (per the developer) | Status |
|---|---|---|---|---|---|---|---|
| RiverFront Residence | Didube, Tbilisi | Studios, 1- to 3-bedroom | From GEL 1,190 per month | 34.5 to 120.4 | 637, 29 floors | December 2028 | Current |
| RiverFront C Block | Didube, Tbilisi | Apartments | From GEL 1,200 per month | – | 589, 33 floors | December 2029 | Current |
| Kazbegi Residence | Saburtalo, Tbilisi | 1- to 3-bedroom | From GEL 1,270 per month | 41.4 to 120.8 | 435, 31 floors | December 2028 | Current |
| ZenX Dighomi | Didi Dighomi, Tbilisi | 1- to 3-bedroom | From GEL 1,130 per month | 55.4 to 114 | 462, 21 floors | June 2028 | Current |
| Shartava Fusion | Saburtalo, Tbilisi | 1- and 2-bedroom, offices | – | 61.5 to 119.9 | 168, 23 floors | Completed September 2022 | Completed |
| Shartava Pool House | Saburtalo, Tbilisi | 1- to 3-bedroom, penthouses | – | 53.7 to 121.8 | 260, 23 floors | Completed 2020 | Completed |
| Tsereteli Deluxe | Didube, Tbilisi | Apartments, penthouses | – | 31.6 to 247.7 | 257, 26 floors | Completed 2026 | Completed |
| Dighomi Residence | Dighomi, Tbilisi | Apartments | – | 44.5 to 81.9 | 496, 18 floors | Completed 2026 | Completed |
| X2 Mtskhetaze | Vake, Tbilisi | 1- and 2-bedroom | – | 67.5 to 126 | 54, 13 floors | Completed 2020 | Completed |
| Bakuriani 4Rest | Bakuriani | Apartments | GEL 2,140 per sq.m from 38 sq.m | from 38 | 214, 5 floors | Completed June 2022 | Completed |
Payment terms printed on the four current projects
| Project | Instalment term | Co-payment | Monthly payment advertised from | Delivery |
|---|---|---|---|---|
| ZenX Dighomi | 24 months, internal 0% | 10% | GEL 1,130 | June 2028 |
| RiverFront Residence | 32 months, internal 0% | 10% | GEL 1,190 | December 2028 |
| Kazbegi Residence | 36 months, internal 0% | 10% | GEL 1,270 | December 2028 |
| RiverFront C Block | 40 months, internal 0% | 10% | GEL 1,200 | December 2029 |
Read the second table as a statement of the plan structure and not as a price list. A monthly figure depends on the unit, the co-payment and the term the buyer chooses, and the unit price is agreed at the reservation stage. A price per square metre appears for Bakuriani 4Rest, where the developer prints both a rate and a minimum size, and the page gives the rate directly, so no calculation is needed.
X2 Development Georgia portfolio and track record
The chronology below uses the completion dates and delivery targets printed on the developer’s own pages and the dates printed in the 2019 Entrepreneur Georgia article. It is a record of what the developer states, in date order.
- 2014: X2 Development is founded, according to the About page.
- 2019: Entrepreneur Georgia publishes its profile of the company on 23 October. It names Shartava Pool House and Shartava Fusion on Shartava Street, Vake projects on Mtskheta and Kipshidze streets and Bakuriani projects among the developer’s work.
- 2020: Shartava Pool House and X2 Mtskhetaze carry a completion date of 2020 on the project pages.
- June 2022: Bakuriani 4Rest shows a completion date of 2022 / 06.
- September 2022: Shartava Fusion shows a completion date of 2022 / 09.
- 2026: Tsereteli Deluxe and Dighomi Residence carry a completion date of 2026, and the projects page lists both among the completed projects.
- June 2028: delivery target of ZenX Dighomi.
- December 2028: delivery target of RiverFront Residence and Kazbegi Residence.
- December 2029: delivery target of RiverFront C Block.
Two features run through the six completed buildings. One is height and mixed use: Shartava Fusion and Shartava Pool House have 23 floors each, Tsereteli Deluxe has 26, and all three combine residential floors with commercial and office floors and a multi-level indoor garage. Another is scale: the five completed Tbilisi buildings hold between 54 and 496 apartments each, according to the developer’s pages. The current projects continue that pattern with 21 to 33 floors and 435 to 637 apartments each. The developer’s projects page groups all ten under the headings of current and completed projects, which is the structure this profile follows.
Tbilisi and Bakuriani: where X2 Development Georgia builds
Nine of the ten projects are in Tbilisi, a city of 1.37 million residents on 1 January 2026 according to the national statistics office, Geostat. Our Tbilisi city page sets out how the capital is organised into ten districts in Geostat’s list: Mtatsminda, Vake, Krtsanisi, Saburtalo, Didube, Isani, Chughureti, Nadzaladevi, Gldani and Samgori. X2 Development Georgia projects fall in several of them. Kazbegi Residence, Shartava Fusion and Shartava Pool House are in Saburtalo, RiverFront Residence, RiverFront C Block and Tsereteli Deluxe are in Didube, and X2 Mtskhetaze is in Vake. ZenX Dighomi and Dighomi Residence are in the Dighomi area in the north-west, where the developer’s pages use the names Didi Dighomi and Dighomi massif, an area that Geostat’s ten-district list does not name separately and that some portals file under Saburtalo or Didube.
The developer’s own descriptions give a feel for the locations. The RiverFront projects are on the left bank of the Mtkvari in Didube. Kazbegi Residence is three minutes from the City Mall shopping centre and the Goodwill hypermarket according to its page, and 10 to 12 minutes from the Delisi and Vazha-Pshavela metro stations. Tsereteli Deluxe is five minutes from Tsereteli metro station and next to the Megaline shopping centre. ZenX Dighomi is five minutes from a Goodwill hypermarket. Dighomi Residence sits between Beliashvili and Lubliana streets.
Bakuriani is the exception. It is a mountain resort at about 1,700 metres in Borjomi Municipality in the Samtskhe-Javakheti region, about 180 kilometres from Tbilisi according to the Georgian National Tourism Administration, and our Bakuriani city page covers the ski areas, the road access, the planning rules and the foreign-buyer rules there. The developer places Bakuriani 4Rest on the slope of Kokhta mountain, 500 metres from a ski track. For the country-level picture, including the other towns where our site lists property, see the Georgia country page.
How buying works with X2 Development Georgia
The developer’s pages describe the commercial side of a purchase in a few lines, and the legal side follows the general sequence in our how to buy property in Georgia guide. This section sets the two side by side so that a buyer of an X2 Development Georgia apartment can see which steps come from the developer and which from the law.
The reservation step starts on the project page. Each current project page carries a request form where a buyer leaves a contact number so that a representative can help choose an apartment; the page itself prints the delivery date, the number of floors, apartments and parking spaces, and the payment terms. The floor pages for current projects show a floor selector with plan sizes and room lists. The developer then agrees the apartment, the price, the instalment schedule and the delivery date with the buyer in writing. Sales from developers often start with a reservation or pre-purchase agreement that fixes the price and payment schedule, which our how-to guide describes as a normal step for off-plan and instalment sales.
The payment plan is the developer’s in-house instalment. On the four current projects the developer prints a 0% internal instalment with a 10% co-payment, over 24 months at ZenX Dighomi, 32 months at RiverFront Residence, 36 months at Kazbegi Residence and 40 months at RiverFront C Block. The pages say a buyer can choose between buying with no down payment and making a down payment to reduce the monthly figure, and they advertise monthly payments from GEL 1,130 to GEL 1,270. Because the plan is the developer’s own, its terms sit in the contract between buyer and developer, and the buyer reads the schedule, the amounts and the dates there. For buyers who prefer bank finance, our mortgage in Georgia for foreigners guide explains the National Bank of Georgia limits on loan-to-value and payment-to-income ratios and the products some banks publish for borrowers with income abroad.
The sale contract is the document that moves ownership forward. Under Article 183 of the Civil Code, a transaction on immovable property must be in writing and the acquirer’s right must be registered in the Public Registry of the National Agency of Public Registry (NAPR). Georgian law offers two routes to an authenticated contract: before a notary, or signed in the registration authority in the presence of an authorised person, for example at a Public Service Hall. The contract is then lodged with NAPR for registration, and a fresh extract shows the buyer as owner. For an apartment in a building under construction, the guide notes that the Law on the Public Registry allows a right to be pre-registered on the basis of a signed agreement, and that registration of an obligation tied to a future transfer of a building under construction is possible subject to conditions. Whether a particular contract uses either route is a matter of that contract, so the buyer reads the clause on when title passes.
Handover follows the delivery date in the contract. For the four current projects the developer’s targets run from June 2028 to December 2029, and for completed buildings the developer’s page shows the completion year. On handover the owner receives keys, meter readings and the building documents, and the apartment is registered at NAPR with its cadastral code. The cadastral code is printed on the NAPR extract, and the buyer can read it there for the unit and for the land share.
Ownership route, registration, tax and residence rules for X2 Development Georgia buyers
Who can own. Under Article 32 of the Law of Georgia on the Legal Status of Aliens and Stateless Persons, foreigners in Georgia may own, inherit and bequeath any property, and limits may be set only by a legislative act. The statute that matters for real estate is the Organic Law on Agricultural Land Ownership, which applies to agricultural land. An apartment in a Tbilisi residential building is on non-agricultural land, so the agricultural-land rules do not enter the picture, as our can foreigners buy property in Georgia guide sets out. Foreign buyers of X2 Development Georgia apartments therefore need no residence permit to own. The texts are on the Legislative Herald of Georgia: the Law on the Legal Status of Aliens and Stateless Persons, the Organic Law on Agricultural Land Ownership and the Civil Code.
Registration and fees. Ownership is registered at NAPR. According to the agency’s registration fee page, registering a change of right costs GEL 150 with a four-working-day term, GEL 270 in one working day and GEL 350 on the day of filing. The information services fee page prices an extract from the registry at GEL 20 for a one-working-day term and GEL 75 on the day of filing, or GEL 13 and GEL 52 when requested online, with GEL 26 added when the extract is in English. The Civil Code provides that the seller bears the costs of executing and registering a contract of sale unless the contract says otherwise, so the buyer confirms who pays which fee when reading the contract. Details of the agency’s services are on the NAPR website.
Property tax. Our property tax in Georgia guide states the rule as it stands after Law No. 1874 of 30 September 2026. A natural person’s property other than land is exempt from the annual property tax if the family’s income in the previous year did not exceed GEL 100,000, which is Article 206(1)(a) of the Tax Code. Above that level the Tax Code sets a rate between 0.8% and 1% of the market value of the property at the end of the previous year, within the range the municipality applies. The guide gives the filing date as 1 November (2 November in 2026) and the payment date as 15 November. The same guide records a 5% income tax on residential rent and on a sale within two years, and an exemption for the sale of a residential apartment held for more than two years. The Revenue Service publishes the tax procedures and forms at rs.ge, and a tax adviser can apply the family-income test to a particular buyer.
Residence. Ownership and residence are separate questions, and an apartment does not by itself give a residence permit. The Law on the Legal Status of Aliens provides a route for an alien who owns non-agricultural real property whose market value exceeds USD 150,000 equivalent in GEL, with the value established by a certified assessor. Our residency permit in Georgia guide sets out the conditions, which apply from 1 March 2026, and says the permit is temporary and renewable, with the application made to the Public Service Development Agency (SDA). The valuation that counts is the assessor’s, so a buyer who is considering this route asks for the appraisal before committing and checks the plan sizes against the threshold. In the developer’s current projects, plan sizes run from 34.5 sq.m to 120.8 sq.m, and the unit price is agreed at reservation.
Currency. The developer’s pages quote lari figures. Official exchange rates are published by the National Bank of Georgia, and a buyer who pays from abroad checks the contract currency and the bank’s charges before transferring funds.
Key facts about X2 Development Georgia
- X2 Development says on its About page that it was founded in 2014 and has its head office on Zhiuli Shartava Street in Tbilisi.
- The projects page lists ten projects: four current and six completed.
- Nine of the ten projects are in Tbilisi, in Didube, Saburtalo, Didi Dighomi, Dighomi and Vake. One, Bakuriani 4Rest, is in the Bakuriani resort.
- The ten projects hold 3,572 apartments on the developer’s counts: 2,123 in the four current projects and 1,449 in the six completed ones.
- Delivery targets for the current projects, per the developer, are June 2028, December 2028 (two projects) and December 2029.
- The four current projects print a 0% internal instalment of 24 to 40 months with a 10% co-payment, and monthly payments advertised from GEL 1,130 to GEL 1,270.
- Completed buildings show completion dates from 2020 to 2026 on the developer’s pages.
- Apartment plans on the developer’s floor pages range from 31.6 sq.m to 247.7 sq.m across the Tbilisi buildings.
- The developer’s amenity lists include indoor garages, electric vehicle charging, children’s playgrounds, recreation areas and, in some buildings, a pool, a gym and a veranda.
- The developer’s site is in Georgian, with English pages available through its language switch.
X2 Development Georgia and other Georgia developers
X2 Development Georgia is one of several developers with a profile in our Georgia section. The table sets out how many projects each lists on our site and where to read more. The counts are the number of listings on our site and say nothing about size or quality.
| Developer | Listings on our site | Website | Profile |
|---|---|---|---|
| X2 Development | 10 | x2.ge | This page |
| Archi Group | 19 | archi.ge | Archi Group Georgia |
| NEXT Property | 12 | next-property.com | NEXT Property Georgia |
| BLOX | 11 | blox.ge | BLOX Georgia |
| W2 / Tetri Kvadrati | 10 | w2.ge | W2 Tetri Kvadrati Georgia |
| Gumbati Group | 5 | gumbati.ge | Gumbati Group Georgia |
| m2 Real Estate | 3 | m2.ge | m2 Real Estate Georgia |
The full list of developers is on the Real estate developers in Georgia hub. When comparing developers, compare like with like: the same city, the same stage of construction and the same payment terms, and read each developer’s own pages for the figures.
What to prepare when reserving with X2 Development
These are the documents and decisions that normally come up when reserving a new apartment in Georgia, whichever developer sells it. Our how to buy property in Georgia guide sets out the full sequence.
- A valid passport for each buyer, with the name spelled as it will appear on the contract and in the registry.
- The reservation form, which names the apartment, the block and floor, and the reservation terms.
- The draft sale contract, read for the delivery date, the price, the payment schedule, the clause on when title passes and the allocation of registration costs.
- The payment schedule for the instalment plan, with the number of months, the 10% co-payment, the monthly amounts and the account details.
- A NAPR extract for the unit or the land plot, and the cadastral code printed on it, requested before signing and again before registration.
- A power of attorney, if someone signs on the buyer’s behalf. Notarial certification is required for a power of attorney issued abroad, as our guide explains.
- Tax details, if the buyer plans to let the apartment or needs to apply the family-income test, and the information needed for a Revenue Service return.
- The appraisal, if the buyer is considering the residence route that depends on the value of the property.
Frequently Asked Questions
Who is X2 Development Georgia?
X2 Development Georgia is our name for X2 Development, a Tbilisi residential developer that says on its About page that it was founded in 2014. The head office is on Zhiuli Shartava Street in Tbilisi, and the projects page lists four current and six completed projects, nine in Tbilisi and one in Bakuriani.
Which projects does X2 Development Georgia have under construction?
X2 Development Georgia lists four current projects: RiverFront Residence and RiverFront C Block in Didube, Kazbegi Residence in Saburtalo and ZenX Dighomi in Didi Dighomi. The developer’s delivery targets are June 2028 for ZenX Dighomi, December 2028 for RiverFront Residence and Kazbegi Residence, and December 2029 for RiverFront C Block.
Which projects has X2 Development Georgia completed?
X2 Development Georgia lists six completed projects: Shartava Fusion, Shartava Pool House, Tsereteli Deluxe, Dighomi Residence, X2 Mtskhetaze and Bakuriani 4Rest. The developer’s pages show completion dates from 2020 to 2026, and the payment line of both Shartava buildings reads “All apartments are sold”.
What payment plan does X2 Development Georgia print?
X2 Development Georgia prints an internal 0% instalment with a 10% co-payment on its four current projects, over 24 months at ZenX Dighomi, 32 months at RiverFront Residence, 36 months at Kazbegi Residence and 40 months at RiverFront C Block. The pages advertise monthly payments from GEL 1,130 to GEL 1,270, and the unit price is agreed at reservation.
Can a foreigner buy an X2 Development Georgia apartment?
X2 Development Georgia apartments are in residential buildings on non-agricultural land, and under Article 32 of the Law on the Legal Status of Aliens and Stateless Persons foreigners may own such property without a residence permit. The ownership is registered at NAPR, as our guide on foreign ownership explains.
What fees does registration involve for an X2 Development Georgia purchase?
X2 Development Georgia buyers register title at NAPR, which charges GEL 150 for a four-working-day term, GEL 270 for one working day and GEL 350 for same-day registration according to its fee page. An extract from the registry costs GEL 20 or GEL 75, or GEL 13 and GEL 52 online, plus GEL 26 in English.
Does an X2 Development Georgia apartment give a residence permit?
X2 Development Georgia apartments do not give a residence permit by themselves. The Law on the Legal Status of Aliens provides a route for owners of non-agricultural real property worth more than USD 150,000 equivalent in GEL, valued by a certified assessor, and our residency permit guide sets out the conditions.
How is property tax charged on an X2 Development Georgia apartment?
X2 Development Georgia owners are taxed under the same rules as every other owner in Georgia. After Law No. 1874 of 30 September 2026 a natural person’s property other than land is exempt if family income in the previous year did not exceed GEL 100,000, and above that the Tax Code sets 0.8% to 1% of market value, as our property tax guide explains.
Where is the X2 Development Georgia resort project?
X2 Development Georgia has one resort project, Bakuriani 4Rest, at K. Tsakadze Street 32 in Bakuriani, a mountain resort in Borjomi Municipality. The developer shows 214 apartments in four five-floor blocks, with a completion date of June 2022 and a ski track 500 metres away.
Last checked: 13 November 2026. Sources: developer pages About, Projects and Contact on x2.ge; Entrepreneur Georgia, 23 October 2019; Korter; Geoln; Geostat; Tax Code; Law on the Legal Status of Aliens; Civil Code; Law on the Public Registry; NAPR; Revenue Service; National Bank of Georgia.
