Grand Avenue by Archi Tbilisi is a 21-hectare district on Tsotne Dadiani Street near the Dinamo Arena, and on 12 November 2026 the developer’s pages show one building open for sale there: Wyndham Residences by Archi, whose public flats list holds 591 flats of 36.7 to 130.8 m².

This guide to Grand Avenue by Archi Tbilisi reads Archi’s pages as they stood on 12 November 2026 and sets beside them what Korter, the press and the design firms print. The developer’s block pages flag Blocks A, B, E, F and G as all sold, its list shows no flats for them, and the pages print no price and no handover date.
Each figure is given with its source and date, and the guide does not choose between sources. It adds sourced background on the area and on buying, taxes and residence in Georgia, and a list of what a buyer can ask for in writing.
The developer’s complex page describes the district as a project on Tsotne Dadiani Street, near Dinamo Stadium and 150 metres from Nadzaladevi metro station, built on the site of an old factory under what Archi calls a “city within a city” concept. Six buildings are listed on that page: Blocks A, B, E, F and G, and Wyndham Residences by Archi. This is the developer’s own wording, read on 12 November 2026.

For a buyer the key fact is which of the six is open. On 12 November 2026 the block pages for A, B, E, F and G carry an all-apartments-sold flag, and the public flats list returns no flats for them. Wyndham Residences by Archi is the building whose list holds flats: 591 of them, with total areas from 36.7 to 130.8 m². Section 3 sets out the page-by-page evidence.
The pages do not print a price, a handover date, a payment schedule, a furnishing specification or the name of the entity that signs the contract. Third-party figures exist, mainly on the Korter portal, and they are shown in sections 2 and 5 with their dates and labelled as listing-site indications, not as Archi prices.
| Grand Avenue by Archi Tbilisi key facts | As published (archi.ge, 12 November 2026, unless stated) |
|---|---|
| Location | Tbilisi, 32 Tsotne Dadiani Street, near Dinamo Stadium; 150 m from Nadzaladevi metro station, per the developer |
| Developer | Archi (archi.ge) |
| Scale | 21-hectare district; 75 percent of the territory for greenery and recreation, per the developer |
| Buildings listed | Six: Blocks A, B, E, F, G and Wyndham Residences by Archi |
| Open for sale on the public list | Wyndham Residences by Archi: 591 flats listed on 12 November 2026 |
| Blocks A, B, E, F, G | Block pages carry the all-apartments-sold flag; the public flats list returns no flats for them (12 November 2026) |
| Flat sizes in the public list | 36.7 to 130.8 m² total area; 1 to 4 rooms as counted by the list |
| Price | Not printed by the developer; Korter (26 October 2026) shows studios from USD 65,647 and from USD 1,609 per m² |
| Handover | Not printed by the developer; Korter prints “start in Q4 2025” for Block A and no completion date |
| Construction progress | Block A 1 percent, Block B 4 percent, Wyndham Residences, E, F, G 0 percent (progress log of 13 October 2026) |
| Payment plan | Not published; the investor page says Archi will offer an individual payment plan |
| Finish and furnishing | Not stated on the pages read |
| Brand | Wyndham Residences by Archi, as the developer names it; no page on Wyndham’s own sites found |
| Contracting entity | Not named on the pages read |
Public information on the district comes from the developer’s pages, from Archi-issued press material and from portals, and the figures do not always agree. The table below puts them side by side. The developer’s pages are quoted as “per the developer” with the date they were read; every other figure is “per” the named source on its date, and the guide does not decide which is right.

| Item | Per the developer (archi.ge, 12 November 2026) | What third parties print |
|---|---|---|
| Buildings | Six on the complex page: A, B, E, F, G and Wyndham Residences by Archi | Korter (26 October 2026): “6 houses”; its short list shows Blocks A, B and C |
| Floors | Floor selectors: A 4 to 30, B 4 to 25, Wyndham Residences 4 to 27, E 4 to 28, F 4 to 16, G 4 to 31; page text calls E 28-storey, F 16-storey, G 31-storey | Korter: A 30 floors, B 24, “C” 25; project “24-30” |
| Flats | Complex-page counters: A 476 (376 sold, 100 for sale), B 356 (321 sold, 35 for sale), Wyndham Residences 591 for sale, E 427, F 228, G 487 for sale; public flats list: 591, all in Wyndham Residences | Korter: A 476, B 356, “C” 541; 192 listings for sale |
| Sale status | Block pages for A, B, E, F, G: all-apartments-sold flag; Wyndham Residences: not flagged | Korter shows apartments for sale from USD 65,647 in its Block B row and “price upon request” for A and C |
| Investment figure | GEL 2 billion (Archi news, 9 October 2026); “approximately USD 770 million” in the Archi release of 19 October 2026 (MENAFN, TradeArabia) | “over $1 billion” in a Forbes Georgia paid placement of 11 September 2025 (developer-supplied text) |
| Fitness centre | 2,500 m² (complex page); 3,200 m² (Archi news of 9 October 2026 and the investor page) | Korter: “2500 sq m gym” |
| District | Street address only; no district named on the pages read | Korter header: Nadzaladevi; Chapman Taylor places the site in Nadzaladevi district |
| Price | None: the price field is 0 for all 591 listed flats and the pages’ price flag is false | Korter (26 October 2026): studios from USD 65,647; from USD 1,609 per m²; 3-room from USD 139,661 |
| Handover | No date on any block page | Korter: Block A “start in Q4 2025”; no completion date |
| Hotel and brand | News of 9 October 2026: the next stage “introduces” a five-star Hilton hotel and Wyndham Residences | Madloba (1 November 2026): a memorandum with Hilton signed, final contract expected, per the founder as relayed by BMG on 24 September 2026 |
Three of these rows change what a buyer can rely on. The first is the flat count. The complex page prints for-sale counters for every block, while the block pages and the public list show something different for A, B, E, F and G. The guide takes no view on how the two relate; a buyer can ask which is current for the unit in question and have the answer in writing.
The second is the block naming. Korter lists a “Block C” of 25 floors and 541 apartments, and the developer’s pages have no block of that name. A buyer who sees a unit labelled with a letter on a portal should match it to a block page on archi.ge and to a floor and unit number before relying on it.
The third is the investment figure. The September 2025 text and the October 2026 release give different numbers in different currencies. At the National Bank of Georgia’s rate for 12 November 2026 (USD 1 = GEL 2.5933), GEL 2 billion is about USD 771 million, which is close to the release’s own conversion. The earlier figure carries no conversion date.
Each block has its own page on archi.ge, and each page carries a status flag, a construction percentage and, for some blocks, a dated progress log. The table below reports exactly what the pages and the public flats list showed on 12 November 2026. The pages are Block A, Block B, Block E, Block F, Block G and Wyndham Residences.

| Block | Floors in selector | Progress (archi.ge) | Sale flag on block page | Flats in public list | Complex-page counter |
|---|---|---|---|---|---|
| A | 4 to 30 | 1 percent | All apartments sold: true | 0 | 376 sold, 100 for sale |
| B | 4 to 25 | 4 percent | All apartments sold: true | 0 | 321 sold, 35 for sale |
| E | 4 to 28 | 0 percent | All apartments sold: true | 0 | 427 for sale |
| F | 4 to 16 | 0 percent | All apartments sold: true | 0 | 228 for sale |
| G | 4 to 31 | 0 percent | All apartments sold: true | 0 | 487 for sale |
| Wyndham Residences | 4 to 27 | 0 percent | All apartments sold: false | 591 | 591 for sale |
In plain terms: per the developer’s block pages, read on 12 November 2026, Blocks A, B, E, F and G are flagged as all sold, and the public flats list returns no flats for any of them; Wyndham Residences is not flagged and its list holds 591 flats. No price is attached to any of them. That is the whole of the sale position the developer’s pages show, and the guide adds nothing to it.
Construction progress is shown as a percentage on each block page. A and B are the only blocks with log entries, and the wording is short. The table gives each entry in the order of its date.
| Date shown on archi.ge | Block | What the page says (paraphrased) |
|---|---|---|
| 14 July 2026 | B | Excavation of the foundation pit has started |
| 7 August 2026 | B | Clearing of the area is close to complete; excavation is under way |
| 8 September 2026 | B | Clearing and excavation are both close to complete |
| 8 October 2026 | Whole district | Archi news: a symbolic signing ceremony and the placing of a time capsule in the foundation, marking the next stage (news item of 9 October 2026) |
| 13 October 2026 | B | Pit ground treatment is complete; positioning of piles starts |
| 13 October 2026 | A | Pit ground treatment is in progress |
| 12 November 2026 | Wyndham Residences, E, F, G | Status “ongoing”, 0 percent, no log entries |
Read together, the log places the district at the pit and piling stage on the blocks that show any progress. The developer prints no completion date for any block, so the percentages cannot be turned into a handover estimate, and the guide does not try to.
The Wyndham Residences block page is the only one with a flat list behind it, so it is the part of the district a buyer can actually inspect today. The list returned by the developer’s public interface on 12 November 2026 holds 591 flats, none marked sold or booked, none with a price. Within Grand Avenue by Archi Tbilisi it is the only building with an open list. Everything in this section that is not a quotation is counted or calculated from that list, and the calculations are shown.

The list counts rooms with a field the developer calls roomsCount. The guide reports it as printed, because the meaning of the count is not explained on the pages: a flat counted as 3 rooms can be as small as 49.8 m², while a flat counted as 1 room can reach 50.8 m². The list also splits each total area into a living area and a “summer area”, which behaves like the balcony or terrace share; for all 591 flats the two add up to the total within 0.1 m².
| Rooms as counted by the list | Flats listed | Share of 591 (calculated) | Total area range (m²) | Average total area (m², calculated) | Living area range (m²) | Summer area range (m²) |
|---|---|---|---|---|---|---|
| 1 | 286 | 48.4 percent | 36.7 to 50.8 | 39.9 | 28.5 to 43.8 | 7.0 to 9.5 |
| 2 | 180 | 30.5 percent | 40.3 to 80.0 | 54.8 | 31.2 to 55.0 | 6.9 to 25.0 |
| 3 | 101 | 17.1 percent | 49.8 to 130.8 | 93.3 | 42.9 to 74.0 | 6.9 to 63.3 |
| 4 | 24 | 4.1 percent | 107.8 to 109.1 | 108.5 | 68.8 to 70.1 | 39.0 |
| All | 591 | 100 percent (rounded) | 36.7 to 130.8 | 56.3 | 28.5 to 74.0 | 6.9 to 63.3 |
The averages are the sum of total areas divided by the number of flats in each row: 11,414.3 m² over 286 one-room flats, 9,857.2 m² over 180, 9,421.7 m² over 101 and 2,603.6 m² over 24, which together make 33,296.8 m² over 591 flats. The list contains 116 distinct layout records, 56 of them for the one-room count, 35 for two rooms, 20 for three and 5 for four.
The list covers floors 4 to 27. Floor 4 holds 16 flats and each of floors 5 to 27 holds 25, which gives 16 plus 23 times 25, or 591. The developer’s gallery also shows three-dimensional plans with room areas for a one-room flat of 40.9 m², a two-room flat of 56.3 m² and a three-room flat of 103.6 m².
Portal labels differ from the list. Korter (26 October 2026) shows studios of 35.5 to 62.5 m², two-room units of 49.8 to 116.2 m², three-room units of 63.1 to 142.7 m², four-room units of 107.8 to 230.8 m² and one six-room unit of 457.7 m². The portal’s ranges extend beyond the Wyndham Residences list at both ends, so they evidently cover more than that block, and the page does not say which.
What the block page says about the building is brief and is attributed to the developer. It describes Wyndham Residences by Archi as a branded, multifunctional hospitality and residential development inside the district, “developed and managed in accordance with Wyndham’s strict international brand standards”, with residences designed for personal use, vacation stays and investment purposes, and professional property management intended to reduce day-to-day involvement by owners.
| Topic | What the block page prints | What it does not print |
|---|---|---|
| Brand wording | Wyndham Residences by Archi; brand standards apply to development and management | The licence or franchise entity, its term, and what the standards require of an owner |
| Amenities listed | Swimming pool, fitness centre, co-working spaces, restaurant and dining, children’s area, lobby, indoor parking; the facility list adds concierge, bar, lounge, conference room and commercial space | Which amenities are in the first stage, who may use them and under what charge |
| Materials listed | Low-emission glass, Ytong blocks, HPL panels | Interior finish, appliances and furnishing |
| Management | “Professional property management” intended to minimise day-to-day investor involvement | The operator’s name, the fee, whether joining is optional, and how income or costs are shared, if at all |
| Use | Personal use, vacation stays and investment purposes | Any limits on owner use or on letting |
| Progress | 0 percent, status ongoing (12 November 2026) | Completion date |
The brand claim rests on Archi’s material. A quotation from David Gesto, Director of Franchise Operations, Wyndham Hotels and Resorts, EMEA, appears in the Archi-issued release of 19 October 2026 as carried by MENAFN and TradeArabia; it speaks of Wyndham bringing its experience to the project. No page announcing the project was found on Wyndham’s own sites on 12 November 2026. Wyndham-branded projects in Gonio and Batumi that are listed elsewhere on this site are different buildings by other developers.
The developer prints no price for Grand Avenue by Archi Tbilisi. Every flat in the public list has a price field of 0, and the price flag on the complex and block pages is false. The investor page says only that Archi will offer an individual payment plan. The sole price information in circulation therefore comes from portals, and it is shown here as listing-site indications dated 26 October 2026.

| Source and date | Unit scope | Figure printed | At USD 1 = GEL 2.5933 (12 November 2026) |
|---|---|---|---|
| Korter, 26 October 2026 | Studios, 35.5 to 62.5 m² | From USD 65,647 | About GEL 170,242 |
| Korter, 26 October 2026 | 3-room units, 63.1 to 142.7 m² | From USD 139,661 | About GEL 362,183 |
| Korter, 26 October 2026 | Studios and 3-room units | From USD 1,609 per m² | About GEL 4,173 per m² |
| Korter, 26 October 2026 | 2-room, 4-room and 6-room units | Price upon request | Not applicable |
| Archi (archi.ge, investor page) | All units | No price; individual payment plan offered, terms not stated | Not applicable |
The portal does not say which building a given from-price belongs to; its list shows the studio price in a Block B row and in the page header. Because the developer’s block pages flag Block B as all sold, a reader cannot tell from the page whether a Korter price refers to a flat that is currently available from the developer, from an earlier buyer, or from a broker. The figures are therefore indications of what a portal prints, not offers.
Korter also embeds a mortgage calculator from TBC Bank with a nominal rate “from 7.4 percent” and an effective rate “from 8.3 percent”, tied to Term SOFR and described by the portal as the minimum, with final terms set at credit approval. It is a portal widget, not an Archi offer, and the developer’s pages say nothing about bank partnerships. The National Bank of Georgia’s limits on loans are covered in section 8.
One comparison matters for residence rules. Georgia’s threshold for a short-term residence permit through property is a market value exceeding USD 150,000, set by an accredited assessor, which at the rate above is GEL 388,995. Both printed Korter from-prices sit below it. At a constant USD 1,609 per m², a flat would need an area above 93.2 m² to pass USD 150,000; that is pure arithmetic and not a price for any real flat.
| Printed figure (Korter, 26 October 2026) | USD | Against USD 150,000 (GEL 388,995) |
|---|---|---|
| Studios, from | 65,647 | Below |
| 3-room units, from | 139,661 | Below |
| Per m², from (constant-rate arithmetic: 150,000 / 1,609) | 1,609 per m² | 93.2 m² would be needed to exceed USD 150,000 |
The developer’s investor page and Archi press material also carry return and price-rise percentages. This guide does not reproduce them, since they are marketing statements and not terms of any sale document; what a purchase delivers is set by the contract.
The district sits at 32 Tsotne Dadiani Street in Tbilisi, the street that also gives its name to the metro station nearest the site. Archi’s pages place it “near Dinamo Stadium, just 150 meters from Nadzaladevi Metro station”. The Wikipedia entry for Nadzaladevi station lists its location as Tsotne Dadiani Street and says the station opened on 11 January 1966 on the First Line (Akhmeteli-Varketili), between Gotsiridze and Station Square.

The stadium is the Boris Paichadze Dinamo Arena; Wikipedia gives its construction year as 1976 and its home teams as FC Dinamo Tbilisi and the national football and rugby sides. No source read for this guide describes how stadium events affect the street, so the guide does not either.
Geostat puts Georgia’s population at 3,941.1 thousand on 1 January 2026, of which 1,369.4 thousand live in the city, which Geostat describes as more than one third of the total. That context says nothing about this project, but it shows the scale of the city the district would join.
District naming differs by source. Archi’s pages give a street address and no district. Korter’s header reads Nadzaladevi, and the design firm Chapman Taylor, whose representatives took part in preparing the initial master plan for the site’s previous owners, places the site in Tbilisi’s Nadzaladevi district. A buyer who needs the district for a document should take it from the cadastral record and not from a portal.
Archi describes the site as a former railway carriage factory and says a tunnel will connect the district to Tsereteli Avenue. The developer’s pages use the future tense for the tunnel, and no source read gives a start date, a route or a permit for it. The same applies to the factory conversion, which the 9 October 2026 news item attributes to Benoy with Alkaş and Han Spaces.
The table gives distances from the site coordinates printed on the developer’s page (41.7298894, 44.7940251). Straight-line figures are calculated from coordinates; road figures come from the OpenStreetMap-based routing service OSRM, without traffic, so they are floors for a real journey. Portal figures are the portal’s own.
| Place | Developer or portal figure | Calculated straight line | Road, OSRM without traffic |
|---|---|---|---|
| Nadzaladevi metro station | 150 m (archi.ge); about 5 minutes on foot (Korter) | About 0.18 km | Not computed |
| Dinamo Arena | “Near Dinamo Stadium” (archi.ge) | About 0.84 km | Not computed |
| Station Square metro (rail station area) | Tbilisi Central Railway Station 1 km (Korter) | About 0.86 km | Not computed |
| Freedom Square | City centre 15 to 20 minutes by car (Korter) | About 4.1 km | About 5.8 km, about 12 minutes |
| Tbilisi International Airport | “Just over twenty kilometres”, about 30 minutes by car (Korter) | About 15.0 km | About 21.8 km, about 33 minutes |
The coordinates of the stations, the square and the airport come from the Station Square, Freedom Square and airport pages on Wikipedia, and routes were requested from Project OSRM on 12 November 2026. Korter also lists nearby bus stops 320 metres away and a main road about 150 metres away; the guide reports these as the portal’s figures and has not checked them on the ground.
The master plan is credited on the developer’s pages to Chapman Taylor’s Madrid studio, with Wei Yap Ooi (Wei Yap Architecture) for the architectural concept and Bob Earl of OCULUS for landscape design. The 9 October 2026 news item adds Benoy of London for the conversion of the former railway carriage factory, supported by Alkaş and Han Spaces, and says Chapman Taylor is also designing the Hilton hotel.

A Chapman Taylor news page confirms the firm’s role in the master plan and names Jan Dijkema and Álvaro Alonso Martínez as its representatives at the presentation held on 20 September 2025.
| Role as the developer states it | Name | Confirmed on the firm’s own page |
|---|---|---|
| Master plan; Hilton hotel architecture | Chapman Taylor, Madrid studio | Yes, for the master plan (Chapman Taylor news page) |
| Architectural concept | Wei Yap Ooi, Wei Yap Architecture | Not checked |
| Landscape design | Bob Earl, OCULUS | Not checked |
| Former railway carriage factory conversion | Benoy, with Alkaş and Han Spaces | Not checked |
The facility list on the complex page is written in the future tense and covers a long programme: 75 percent greenery and recreation, co-working spaces, indoor and outdoor pools and a spa, a padel centre, a museum, a fitness centre, a gastro hub of cafes and restaurants, tennis, basketball and football grounds, cycling lanes, children’s spaces, a school, a kindergarten, a children’s entertainment centre, a bowling club and multi-level parking. The investor page adds volleyball, a skatepark, an urban amphitheatre and a 2.64 km running loop.
Where the developer’s own pages disagree, both figures are shown: the fitness centre is 2,500 m² on the complex page and 3,200 m² on the news item and the investor page. Madloba, in the report cited below, mentions a pool 31 metres long and a padel centre of nine courts; neither figure appears on the developer’s pages, so they are the outlet’s reporting only.
On the hotel, the 9 October 2026 news item says the next stage introduces a five-star Hilton hotel. Madloba, a Russian-language outlet, reports on 1 November 2026 that, according to Archi’s founder as relayed by BMG on 24 September 2026, a memorandum with Hilton had been signed for the brand’s first five-star hotel in Tbilisi and that the final contract was expected soon. No Hilton page about the project was found on 12 November 2026. The hotel is not among the flats for sale.
For a buyer, the practical point is that the facility list is written as a plan. The progress log shows the pit and piling stage on the first blocks, so the guide treats every amenity as planned until the developer’s pages or a permit say otherwise. Which facilities belong to the Wyndham Residences owners, and which are public or commercial, is not stated and belongs on the written list in section 9.
Georgian law lets a foreigner own an apartment on the same footing as a citizen, with one category carved out. Article 183 of the Civil Code requires a written transaction and registration of the acquirer’s ownership in the Public Registry before ownership of an immovable thing passes.

The carve-out is agricultural land, which the Organic Law on Agricultural Land Ownership reserves in its Article 4 for the state, municipalities, citizens and certain Georgian entities. A flat in a city block is not agricultural land. The guides on whether foreigners can buy property in Georgia and on how to buy property in Georgia give the general position.
For a building not yet complete, the order of events is set by the contract and the registry. The registry fee page lists registration of a change of right and registration of an obligation related to an ownership right at the same three tariffs: GEL 150 for four working days, GEL 270 for one working day and GEL 350 on the day of filing.
At GEL 2.5933 per USD (National Bank of Georgia, 12 November 2026) those are about USD 57.8, USD 104.1 and USD 135.0. The fee depends on the speed chosen, not on the price.
A buyer abroad has two common routes. One is a power of attorney legalised for use in Georgia; the Hague Conference status table shows the Apostille Convention in force for Georgia since 14 May 2007. The other is the registry’s smart-contract service, which registers rights online through a booked virtual meeting. Which route the developer accepts is a point to settle in writing.
| Step | Who | Typical time or fee | Source |
|---|---|---|---|
| Get the unit number, price list and draft contract in writing | Buyer, developer | Not published on archi.ge | Complex page |
| Order a Public Registry extract for the plot | Buyer, lawyer, NAPR | GEL 20 in 1 working day, GEL 13 online; GEL 26 extra for English | NAPR information fees |
| Match plot and cadastral data to the extract | Buyer, lawyer | Korter prints cadastral number 01.12.12.036.001; not checked against the registry | Korter |
| Sign the written contract | Buyer, developer | Terms set in the contract | Civil Code, Art. 183 |
| Pay under the schedule | Buyer | Schedule not published | Investor page |
| Register the right or the obligation | Buyer, NAPR | GEL 150 / 270 / 350 by speed | NAPR fee page |
| Sign from abroad, if needed | Buyer, NAPR | Apostilled power of attorney, or booked virtual meeting | NAPR smart contract |
Property tax on individuals changed on 30 September 2026: the English text of the Tax Code on matsne.gov.ge now cites Law No. 1874 of that day among its amendments. Article 202(5) sets the rate on a natural person’s taxable property other than land at 0.8 to 1 percent of its market value at the end of the previous year.
Article 206(1)(a) exempts that property where the family’s income in the previous year did not exceed GEL 100,000. The EY Georgia brief for July to September 2026 says the earlier exemption threshold was GEL 40,000, so guides written before that date carry older bands.
Article 201(1)(c.a) covers real estate “including an unfinished construction” owned by a natural person; whether a buyer under an off-plan contract counts as the owner is a question for the contract and the registry record. Returns are due by 1 November and payment by 15 November (Article 205), and the Revenue Service page offers a 2026 calculator for individuals. The guide to property tax in Georgia covers the filing steps.
For income and sales, Article 81 of the Code taxes residential rent received by an individual with no deductions at 5 percent, the general personal rate at 20 percent, and the surplus on the sale of a residential apartment at 5 percent; Article 82(1)(f.a) exempts that surplus where the apartment was owned for more than two years. VAT is 18 percent (Article 166), and whether a quoted price includes it is a contract term.
For residence, the Public Service Development Agency describes a short-term residence permit for an alien who holds title to immovable property other than agricultural land with a market value exceeding USD 150,000 equivalent in lari, established by an accredited assessor.
It also describes an investment residence permit for property exceeding USD 300,000. The Law on the Legal Status of Aliens and Stateless Persons states the first test in Article 15(j) in the same terms. It is the valuation that counts, and the contract price does not substitute for it. See the guide to getting a residence permit in Georgia.
On financing, the National Bank of Georgia’s PTI and LTV page sets a loan-to-value limit of 90 percent for loans in lari and 70 percent for foreign-currency loans, and payment-to-income limits of 25 percent (lari) or 20 percent (foreign currency) for net monthly income below GEL 1,500, rising to 50 percent and 30 percent from GEL 1,500. Each bank sets its own terms for non-residents; see the guide to mortgages for foreigners in Georgia.
| Item | Rule | Source |
|---|---|---|
| Property tax, individual | Rate of 0.8 to 1 percent of the year-end market value; no tax where the earlier year’s family income was GEL 100,000 or less; return due 1 November, payment due 15 November | Tax Code arts. 202(5), 205, 206(1)(a) |
| Rental income, individual | 5 percent on residential rent with no deductions; 20 percent general rate | Tax Code art. 81(1)-(2) |
| Sale of an apartment | Surplus taxed at 5 percent; surplus exempt on a residential apartment owned for more than two years | Tax Code arts. 81(3), 82(1)(f.a) |
| VAT | 18 percent; whether a price includes it is a contract term | Tax Code art. 166 |
| Short-term residence permit | Property other than agricultural land with market value exceeding USD 150,000 equivalent in GEL, set by an accredited assessor | SDA page; Aliens Law |
| Investment residence permit | Property exceeding USD 300,000 equivalent in GEL | SDA page |
| Mortgage limits | Loan-to-value 90 percent (lari), 70 percent (foreign currency); payment-to-income by income band | NBG page |
| Exchange rate used | USD 1 = GEL 2.5933, official rate for 12 November 2026 | NBG official rate |
The developer’s pages for Grand Avenue by Archi Tbilisi leave several points open, so the list below turns each gap into a document or an answer that a buyer can request before paying. Some belong in the reservation form and the rest in the sale contract. Where a point depends on the block, the unit number is the anchor.

The list is the normal due-diligence set for an off-plan purchase and implies nothing about the project. A written answer to each point, attached to the reservation, is what lets a buyer compare this project with others on equal terms.
Archi has several developments in Tbilisi on this site. The table lists those in the same city with the status and the information their developer pages print on 12 November 2026. No project is ranked against another, and each page carries its own sources and conflicts. Like Grand Avenue by Archi Tbilisi, none of them shows a price on archi.ge; the pages print no handover date either.

| Project | Area per archi.ge | Status as published (12 November 2026) | Price and handover on archi.ge |
|---|---|---|---|
| Archi Horizon Tbilisi | Ortachala, 109 Vakhtang Gorgasali St | Under construction; progress A 6 percent, B 2 percent, C 0 percent | None printed |
| Archi Universe Tbilisi | Saburtalo, 15a University St | Under construction; progress A 65 percent, B 67 percent | None printed |
| Archi Rivertown Tbilisi | Dighomi 8, David Aghmashenebeli Alley | Block A completed in 2025; other blocks under construction | None printed |
| Archi Alley Tbilisi | Didi Dighomi, 14th km of Aghmashenebeli Alley | Blocks A and B completed; Block C under construction | None printed |
| King Tamar by Archi Tbilisi | Saburtalo, 15 Merab Aleksidze St | Under construction; progress 1 percent | None printed |
| Archi Panorama Tbilisi | Saburtalo / Vashlijvari, Marshal Gelovani Ave | Under construction; progress 33 percent (log of 13 October 2026) | None printed |
Beyond Tbilisi, the Kobuleti Beach Resort listing on this site is a joint development announced by Archi and NEXT; see the Kobuleti Beach Resort guide. For a Tbilisi project by a different developer, the Mira Verde Tbilisi guide is a reference point, and the Tbilisi real estate prices guide, the Tbilisi city page and the Georgia country page give market and listing context.
Archi is a Georgian development group. Its About page on 12 November 2026 shows counters of 55 completed projects, 31 ongoing projects, 20 years of experience, 1,568,653 m² of completed construction and 1,238,468 m² of ongoing construction. The same page’s longer text, which appears older, speaks of 51 projects, 30 under construction and 1,058,723 m² completed. Both are the developer’s own statements and are shown as printed.
An Archi news item of 4 July 2021 says the company was founded in 2006 by Ilia Tsulaia, Meni Benish and Irakli Kapianidze, joined the development industry in 2008, and gained the basketball player Zaza Pachulia as a co-owner in 2018. The news item of 9 October 2026 quotes Ilia Tsulaia as Founder and Chairman. No shareholder register was found in the public sources read.
On audit, an Archi news item of 13 June 2024 says Deloitte was engaged to audit the group’s consolidated financial statements prepared under International Financial Reporting Standards. Archi’s About page also describes a building-block factory built with the German company Xella, with an investment of USD 15 million, and the district’s block pages name Ytong blocks among the materials.
Archi has also announced partnerships with other companies. One is the joint Swissotel Kobuleti Beach Resort with NEXT, described in an Archi news item of 1 June 2026. The pages read for this guide name no contracting entity for Grand Avenue, which is why the legal name of the seller is the third item on the written list in section 9.
Partly. On 12 November 2026 the developer’s block pages for A, B, E, F and G carry the all-apartments-sold flag, and the public flats list returns no flats for them. Wyndham Residences by Archi is not flagged, and its list holds 591 flats. No price is attached to any of them. A buyer interested in a particular block should ask the developer for the unit’s current status in writing, since portal listings can differ from the developer’s pages.
Wyndham Residences by Archi, a branded building inside the district, with 591 flats on floors 4 to 27. By the list’s own room count there are 286 one-room, 180 two-room, 101 three-room and 24 four-room flats, with total areas from 36.7 to 130.8 m². The list gives no price, no view and no handover date. The developer describes the building as a hospitality and residential development with professional property management; the terms are not on the page.
None. The price field is 0 for every listed flat, and the pages’ price flag is false. The investor page says an individual payment plan will be offered and gives no terms. Korter, a listing portal, printed studios from USD 65,647 and a rate from USD 1,609 per m² on 26 October 2026; those are portal indications dated that day and not Archi prices, and the portal does not say which building they refer to.
The developer’s pages print no handover date for any block. Korter prints “start in Q4 2025” for Block A and no completion date. Archi’s progress log of 13 October 2026 shows Block A at 1 percent and Block B at 4 percent, with the other blocks at 0 percent. A buyer would need the date written into the contract, together with what counts as handover, since the pages give no basis for an estimate.
No. The developer’s news item of 9 October 2026 says the next stage introduces a five-star Hilton hotel; it is a hotel in the district, not a flat. Madloba reported on 1 November 2026, citing Archi’s founder via BMG on 24 September 2026, that a memorandum with Hilton had been signed and a final contract was expected. No Hilton page about the project was found on 12 November 2026.
The block page says the building is developed and managed according to Wyndham’s international brand standards and offers professional property management. It names no operator, fee or term, and does not say whether owners must join a management arrangement. A quotation from a Wyndham executive appears in an Archi-issued release, but no page on Wyndham’s own sites was found. The operating and licence terms belong on the written list.
Yes. Under Article 183 of the Civil Code a written contract and registration in the Public Registry transfer ownership of an immovable thing, and a foreigner follows the same steps as a citizen. The exception in the law is agricultural land, which is not relevant to a city flat. Registration fees are GEL 150, 270 or 350 depending on speed, and a buyer abroad can use a legalised power of attorney or the registry’s online service.
The rule is a market value exceeding USD 150,000 equivalent in lari, set by an accredited assessor, for a short-term residence permit. Archi prints no price, so the guide cannot test any flat. Korter’s printed from-prices of USD 65,647 for studios and USD 139,661 for three-room units are both below USD 150,000. The assessor’s valuation is the test, whatever the contract price says.
Archi states the site is 150 metres from Nadzaladevi metro station. Calculated from coordinates, the straight line is about 0.18 km. Tbilisi International Airport is about 15.0 km in a straight line and about 21.8 km by road, roughly 33 minutes without traffic by OSRM routing on 12 November 2026. Korter gives about 5 minutes on foot to the metro and about 30 minutes by car to the airport.
A price list with unit numbers, the handover date in the contract, the full name of the contracting entity, a Public Registry extract for the plot, the permit, the payment schedule and account or escrow, the finish specification, the licence and management terms for Wyndham Residences, and the service-charge schedule. Section 9 gives the full list. Written answers let a buyer compare this project with others.
Last checked: 12 November 2026. Sources:
This is not legal, tax or financial advice.
